Cemex 2009 Annual Report Download - page 29

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27
CONSOLIDATED INCOME STATEMENTS
CEMEX, S.A.B. DE C.V. AND SUBSIDIARIES
(Millions of Mexican pesos, except for earnings per share)
Years ended December 31,
Note 2009 2008 2007
Net sales 3P $ 197,801 225,665 228,152
Cost of sales 3Q (139,672) (153,965) (151,439)
Gross profit 58,129 71,700 76,713
Administrative and selling expenses (28,611) (32,262) (32,031)
Distribution expenses (13,678) (13,350) (13,072)
Total operating expenses 3Q (42,289) (45,612) (45,103)
Operating income 15,840 26,088 31,610
Other expenses, net 3S (5,529) (21,403) (2,984)
Operating income after other expenses, net 10,311 4,685 28,626
Comprehensive financing result:
Financial expense 13 (13,513) (10,199) (8,808)
Financial income 385 513 823
Results from financial instruments 13 (2,127) (15,172) 2,387
Foreign exchange results (266) (3,886) (274)
Monetary position result 3R 415 418 6,890
Comprehensive financing result (15,106) (28,326) 1,018
Equity in income of associates 154 869 1,487
Income (loss) before income tax (4,641) (22,772) 31,131
Income tax 16 10,566 22,998 (4,474)
Income before discontinued operations 5,925 226 26,657
Discontinued operations 4B (4,276) 2,097 288
Consolidated net income 1,649 2,323 26,945
Non-controlling interest net income 240 45 837
CONTROLLING INTEREST NET INCOME $ 1,409 2,278 26,108
BASIC EARNINGS PER SHARE OF CONTINUING OPERATIONS 19 $ 0.22 0.01 1.16
Basic earnings per share of discontinued operations 19 $ (0.16) 0.09 0.01
DILUTED EARNINGS PER SHARE OF CONTINUING OPERATIONS 19 $ 0.22 0.01 1.16
Diluted earnings per share of discontinued operations 19 $ (0.16) 0.09 0.01
The accompanying notes are part of these consolidated financial statements.