Energizer 2000 Annual Report Download - page 21

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19
Statement of Earnings Data FOR THE YEAR ENDED SEPTEMBER 30,
2000 1999 1998 1997 1996
Net Sales $ 1,914.3 $1,872.3 $1,921.8 $ 2,005.8 $ 2,023.5
Depreciation and Amortization 82.0 94.9 101.2 112.3 122.6
Earnings from Continuing
Operations before Income
Taxes (a) 279.2 248.2 262.5 203.9 271.4
Income Taxes 99.0 88.4 54.3 44.6 106.3
Earnings from Continuing Operations (b) 180.2 159.8 208.2 159.3 165.1
Net Earnings 181.4 80.0 164.7 159.8 169.1
Earnings Per Share from Continuing Operations:
Basic $ 1.88 $ 1.56 $ 2.05 $ 1.56 $ 1.62
Diluted $ 1.87 $ 1.56 $ 2.05 $ 1.56 $ 1.62
Average Shares Outstanding (c) 96.1 102.6 101.6 102.1 101.8
Balance Sheet Data SEPTEMBER 30,
2000 1999 1998 1997 1996
Working Capital $ 401.7 $ 478.1 $ 478.5 $ 489.6 $ 532.3
Property at Cost, Net 485.4 472.8 476.9 494.2 543.2
Additions (during the period) 72.8 69.2 102.8 98.8 95.7
Depreciation (during the period) 57.9 68.4 74.1 79.5 81.4
Total Assets 1,793.5 1,833.7 2,077.6 2,113.6 2,146.9
Long-term Debt 370.0 1.9 1.3 21.3 43.1
(a) Results for the year ended September 30, 2000 include a loss on disposition
of Spanish affiliate of $15.7 and costs related to the spin-off of $5.5. Prior
results include restructuring charges of $9.9, $21.3, $83.7 and $3.4 for the
years ended September 30, 1999, 1998, 1997 and 1996, respectively.
(b) Earnings from continuing operations include the following unusual items:
FOR THE YEAR ENDED SEPTEMBER 30,
2000 1999 1998 1997 1996
After-tax restructuring charges $ – $ (8.3) $ (12.8) $ (72.0) $ (2.2)
Capital loss tax benefits 24.4 16.6 48.4 35.9 –
Foreign tax credit refunds –––20.5 –
Loss on disposition of Spanish affiliate (15.7) –– ––
After-tax costs related to spin-off (3.3) –– ––
Total $ 5.4 $ 8.3 $ 35.6 $ (15.6) $ (2.2)
(c) Average shares outstanding is based on the weighted-average number of shares
of Ralston common stock outstanding prior to the spin-off (adjusted for the
distribution of one share of Energizer stock for each three shares of Ralston stock)
and the weighted-average number of shares of Energizer stock outstanding from
April 1, 2000 through September 30, 2000.
SUMMARY SELECTED HISTORICAL FINANCIAL INFORMATION
(Dollars in millions except per share data)