Avon 2015 Annual Report Download - page 85

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AVON PRODUCTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
Years ended December 31 2015 2014 2013
Net sales $ 6,076.5 $7,472.5 $8,379.4
Other revenue 84.0 175.5 117.4
Total revenue 6,160.5 7,648.0 8,496.8
Costs, expenses and other:
Cost of sales 2,445.4 3,006.9 3,172.8
Selling, general and administrative expenses 3,543.2 4,206.8 4,742.1
Impairment of goodwill and intangible assets 6.9 – 42.1
Operating profit 165.0 434.3 539.8
Interest expense 120.5 108.8 117.9
Loss on extinguishment of debt 5.5 – 86.0
Interest income (12.5) (14.8) (25.9)
Other expense, net 73.7 139.5 83.9
Gain on sale of business (44.9) – –
Total other expenses 142.3 233.5 261.9
Income from continuing operations, before taxes 22.7 200.8 277.9
Income taxes (819.2) (545.3) (210.4)
(Loss) income from continuing operations, net of tax (796.5) (344.5) 67.5
Loss from discontinued operations, net of tax (349.1) (40.4) (119.4)
Net loss (1,145.6) (384.9) (51.9)
Net income attributable to noncontrolling interests (3.3) (3.7) (4.5)
Net loss attributable to Avon $(1,148.9) $ (388.6) $ (56.4)
(Loss) income per share:
Basic from continuing operations $ (1.81) $ (0.79) $ 0.14
Basic from discontinued operations (0.79) (0.09) (0.27)
Basic attributable to Avon (2.60) (0.88) (0.13)
Diluted from continuing operations $ (1.81) $ (0.79) $ 0.14
Diluted from discontinued operations (0.79) (0.09) (0.27)
Diluted attributable to Avon (2.60) (0.88) (0.13)
Weighted-average shares outstanding:
Basic 435.2 434.5 433.4
Diluted 435.2 434.5 434.2
The accompanying notes are an integral part of these statements.
A V O N 2015 F-3
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