Avon 2013 Annual Report Download - page 73

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CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
Years ended December 31 2013 2012 2011
Net sales $9,764.4 $10,405.3 $10,935.4
Other revenue 190.6 156.1 164.1
Total revenue 9,955.0 10,561.4 11,099.5
Costs, expenses and other:
Cost of sales 3,772.5 4,103.1 4,065.0
Selling, general and administrative expenses 5,713.2 5,889.3 5,942.5
Impairment of goodwill and intangible asset 42.1 44.0 –
Operating profit 427.2 525.0 1,092.0
Interest expense 120.6 104.3 92.9
Loss on extinguishment of debt 86.0 – –
Interest income (25.9) (15.1) (16.4)
Other expense, net 83.9 7.1 35.4
Total other expenses 264.6 96.3 111.9
Income from continuing operations, before taxes 162.6 428.7 980.1
Income taxes (163.6) (335.4) (304.5)
(Loss) income from continuing operations, net of tax (1.0) 93.3 675.6
Loss from discontinued operations, net of tax (50.9) (131.5) (157.8)
Net (loss) income (51.9) (38.2) 517.8
Net income attributable to noncontrolling interests (4.5) (4.3) (4.2)
Net (loss) income attributable to Avon $ (56.4) $ (42.5) $ 513.6
(Loss) earnings per share:
Basic from continuing operations $ (0.01) $ 0.20 $ 1.55
Basic from discontinued operations $ (0.12) $ (0.30) $ (0.37)
Basic attributable to Avon $ (0.13) $ (0.10) $ 1.18
Diluted from continuing operations $ (0.01) $ 0.20 $ 1.54
Diluted from discontinued operations $ (0.12) $ (0.30) $ (0.36)
Diluted attributable to Avon $ (0.13) $ (0.10) $ 1.18
Weighted-average shares outstanding:
Basic 433.4 431.9 430.5
Diluted 433.4 432.5 432.1
The accompanying notes are an integral part of these statements.
A V O N 2013 F-3