Energizer 2002 Annual Report Download - page 46

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(a) Certain reclassifications have been made to comply with EITF 00-10, 00-14 and 00-25.
See Note 2 for further discussion.
FIRST SECOND THIRD
Fiscal 2001
Net sales as disclosed in 10Q $ 558.7 $ 351.9 $ 346.6
Reclassifications, net 0.6 3.1 0.6
Reclassified net sales $ 559.3 $ 355.0 $ 347.2
Gross profit as disclosed in 10Q $ 266.7 $ 162.3 $ 145.0
Reclassifications, net (19.0) (11.9) (13.6)
Reclassified gross profit $ 247.7 $ 150.4 $ 131.4
(b) Net earnings includes the following items:
2002 2001
First quarter
Provisions for restructuring and related costs (2.9) –
Amortization –(3.8)
Second quarter
Accounts receivable write-down (6.1) –
Provisions for restructuring (2.9) –
Amortization –(3.8)
Third quarter
Intellectual property rights income –12.3
Amortization –(3.8)
Fourth quarter
Provisions for restructuring (2.0) (19.4)
Accounts receivable write-down (3.2) –
Gain on sale of property 5.0 –
Tax benefits recognized in fiscal 2002 related
to prior years’ losses 6.7 –
Amortization –(3.7)
Provision for goodwill impairment –(119.0)
ENR 2002 Annual Report Page 44
23. Quarterly Financial Information – (Unaudited)
The results of any single quarter are not necessarily indicative of Energizer’s results for the full year. Net earnings of Energizer are significantly impacted
in the first quarter by the additional sales volume associated with the December holiday season.
FIRST SECOND THIRD FOURTH
Fiscal 2002
Net sales $ 567.7 $ 339.7 $ 389.9 $ 442.4
Gross profit 262.7 149.9 169.4 193.9
Net earnings (b) 70.4 20.0 39.8 56.2
Basic earnings per share $ 0.77 $ 0.22 $ 0.44 $ 0.62
Diluted earnings per share $ 0.76 $ 0.21 $ 0.43 $ 0.61
Fiscal 2001
Net sales (a) $ 559.3 $ 355.0 $ 347.2 $ 432.7
Gross profit 247.7 150.4 131.4 165.6
Net earnings/(loss) (b) 54.2 5.6 15.7 (114.5)
Basic and diluted earnings/(loss) per share $ 0.57 $ 0.06 $ 0.17 $ (1.25)
Energizer Holdings, Inc.
Notes to Consolidated Financial Statements Continued
(Dollars in millions, except per share data)
Design: Falk Harrison Creative, St. Louis, Missouri