Energizer 2003 Annual Report Download - page 45

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ENR 2003 ANNUAL REPORT Page 43
2003 2002 2001
NET SALES
North America Battery $ 1,054.7 $ 1,035.0 $ 970.3
International Battery 744.8 704.7 723.9
Total Battery 1,799.5 1,739.7 1,694.2
Razors and Blades 433.0 ––
Total net sales $ 2,232.5 $ 1,739.7 $ 1,694.2
PROFITABILITY
North America Battery $ 285.5 $277.7 $ 198.5
International Battery 120.4 98.4 77.5
R&D Battery (36.0) (37.1) (46.4)
Total Battery 369.9 339.0 229.6
Razors and Blades 40.1 – –
Total segment profitability 410.0 339.0 229.6
General corporate and other expenses (50.1) (35.4) (13.6)
Provisions for restructuring and other related costs (0.2) (10.3) (29.8)
Gain on sale of property 5.7 6.3 –
Acquisition inventory valuation (89.7) – –
Intellectual property rights income 8.5 –20.0
Amortization (2.7) –(21.2)
Provision for goodwill and impairment ––(119.0)
Interest and other financial items (43.9) (21.2) (34.5)
Total earnings before income taxes $ 237.6 $ 278.4 $ 31.5
DEPRECIATION
North America Battery $ 41.6 $39.3 $ 38.1
International Battery 17.5 18.1 20.5
Total Battery 59.1 57.4 58.6
Razors and Blades 21.4 ––
Total depreciation expense $ 80.5 $57.4 $ 58.6
ASSETS AT YEAR END
North America Battery $ 674.5 $ 763.3 $ 711.1
International Battery 480.0 470.0 492.7
Total Battery 1,154.5 1,233.3 1,203.8
Razors and Blades 636.9 ––
Total segment assets 1,791.4 1,233.3 1,203.8
Corporate 301.7 243.5 183.0
Goodwill and other intangible assets 639.0 111.3 110.8
Total assets $ 2,732.1 $ 1,588.1 $ 1,497.6
CAPITAL EXPENDITURES
North America Battery $ 40.0 $30.1 $ 69.0
International Battery 12.3 10.6 8.9
Total Battery 52.3 40.7 77.9
Razors and Blades 20.7 ––
Total capital expenditures $ 73.0 $40.7 $ 77.9