Energizer 2000 Annual Report Download - page 23

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21
YEAR ENDED SEPTEMBER 30,
2000 1999 1998
Statement of Earnings:
Net Sales $ 1,914.3 $ 1,872.3 $ 1,921.8
Costs and Expenses
Cost of products sold 974.7 997.9 1,004.4
Selling, general and administrative 378.0 397.3 397.9
Advertising and promotion 187.4 164.3 183.6
Research and development 49.9 48.5 46.6
Costs related to spin-off 5.5 ––
Loss on disposition of Spanish affiliate 15.7 ––
Provisions for restructuring –7.8 21.0
Interest expense 27.5 7.6 11.1
Other financing items, net (3.6) 0.7 (5.3)
1,635.1 1,624 .1 1,659.3
Earnings from Continuing Operations before Income Taxes 279.2 248.2 262.5
Income Taxes (99.0) (88.4) (54.3)
Earnings from Continuing Operations 180.2 159.8 208.2
Net Earnings/(Loss) from Discontinued Operations –(5.6) (43.5)
Net Gain/(Loss) on Disposition of Discontinued Operations 1.2 (74.2) –
Net Earnings $ 181.4 $ 80.0 $ 164.7
Earnings Per Share
Basic
Earnings from Continuing Operations $ 1.88 $ 1.56 $ 2.05
Net Earnings/(Loss) from Discontinued Operations –(0.06) (0.43)
Net Gain/(Loss) on Disposition of Discontinued Operations 0.01 (0.72) –
Net Earnings $ 1.89 $ 0.78 $ 1.62
Diluted
Earnings from Continuing Operations $ 1.87 $ 1.56 $ 2.05
Net Earnings/(Loss) from Discontinued Operations –(0.06) (0.43)
Net Gain/(Loss) on Disposition of Discontinued Operations 0.01 (0.72) –
Net Earnings $ 1.88 $ 0.78 $ 1.62
Statement of Comprehensive Income:
Net Earnings $ 181.4 $ 80.0 $ 164.7
Other Comprehensive Income, Net of Tax
Foreign currency translation adjustments (31.9) 7.8 (30.4)
Foreign currency reclassification adjustments 9.7 (4.5) –
Minimum pension liability adjustment (1.1) ––
Comprehensive Income $ 158.1 $ 83.3 $ 134.3
The above financial statement should be read in conjunction with the Notes to Consolidated Financial Statements.
CONSOLIDATED STATEMENT OF EARNINGS AND COMPREHENSIVE INCOME
(Dollars in millions except per share data)