Avon 2014 Annual Report Download - page 77
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CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
Years ended December 31 2014 2013 2012
Net sales $8,615.9 $9,764.4 $10,405.3
Other revenue 235.5 190.6 156.1
Total revenue 8,851.4 9,955.0 10,561.4
Costs, expenses and other:
Cost of sales 3,499.3 3,772.5 4,103.1
Selling, general and administrative expenses 4,952.0 5,713.2 5,889.3
Impairment of goodwill and intangible assets – 42.1 44.0
Operating profit 400.1 427.2 525.0
Interest expense 111.1 120.6 104.3
Loss on extinguishment of debt – 86.0 –
Interest income (14.8) (25.9) (15.1)
Other expense, net 139.6 83.9 7.1
Total other expenses 235.9 264.6 96.3
Income from continuing operations, before taxes 164.2 162.6 428.7
Income taxes (549.1) (163.6) (335.4)
(Loss) income from continuing operations, net of tax (384.9) (1.0) 93.3
Loss from discontinued operations, net of tax – (50.9) (131.5)
Net loss (384.9) (51.9) (38.2)
Net income attributable to noncontrolling interests (3.7) (4.5) (4.3)
Net loss attributable to Avon $ (388.6) $ (56.4) $ (42.5)
(Loss) earnings per share:
Basic from continuing operations $ (0.88) $ (0.01) $ 0.20
Basic from discontinued operations – (0.12) (0.30)
Basic attributable to Avon (0.88) (0.13) (0.10)
Diluted from continuing operations (0.88) (0.01) 0.20
Diluted from discontinued operations – (0.12) (0.30)
Diluted attributable to Avon (0.88) (0.13) (0.10)
Weighted-average shares outstanding:
Basic 434.5 433.4 431.9
Diluted 434.5 433.4 432.5
The accompanying notes are an integral part of these statements.
A V O N 2014 F-3