Energizer 2004 Annual Report Download - page 45

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ENR 2003 ANNUAL REPORT Page 43
ENR 2004 Annual Report 43
2004 2003 2002
NET SALES
North America Battery $ 1,117.6 $ 1,041.9 $ 1,021.2
International Battery 827.0 757.6 718.5
Total Battery 1,944.6 1,799.5 1,739.7
Razors and Blades 868.1 433.0 –
Total net sales $ 2,812.7 $ 2,232.5 $ 1,739.7
PROFITABILITY
North America Battery $ 298.2 $ 283.5 $ 274.8
International Battery 147.7 122.4 101.3
R&D Battery (39.9) (36.0) (37.1)
Total Battery 406.0 369.9 339.0
Razors and Blades 85.7 40.1 –
Total segment profitability 491.7 410.0 339.0
General corporate and other expenses (81.4) (50.1) (35.4)
Provisions for restructuring and other related costs –(0.2) (10.3)
Special pension termination benefits (15.2) ––
Acquisition inventory valuation –(89.7) –
Gain on sale of property –5.7 6.3
Intellectual property rights income 1.5 8.5 –
Amortization (5.8) (2.7) –
Interest and other financial items (32.8) (43.9) (21.2)
Total earnings before income taxes $ 358.0 $ 237.6 $ 278.4
DEPRECIATION
North America Battery $ 40.9 $ 39.8 $ 37.4
International Battery 22.4 17.6 18.2
Total Battery 63.3 57.4 55.6
Razors and Blades 45.0 21.4 –
Total segment depreciation 108.3 78.8 55.6
Corporate 1.7 1.7 1.8
Total depreciation expense $ 110.0 $ 80.5 $ 57.4
ASSETS AT YEAR END
North America Battery $ 764.3 $ 658.0
International Battery 509.8 480.0
Total Battery 1,274.1 1,138.0
Razors and Blades 604.0 636.9
Total segment assets 1,878.1 1,774.9
Corporate 368.2 318.2
Goodwill and other intangible assets 669.4 639.0
Total assets $ 2,915.7 $ 2,732.1
CAPITAL EXPENDITURES
North America Battery $ 61.2 $ 39.9 $ 29.9
International Battery 17.9 12.4 10.8
Total Battery 79.1 52.3 40.7
Razors and Blades 34.0 20.7 –
Total segment capital expenditures 113.1 73.0 40.7
Corporate 8.3 ––
Total capital expenditures $ 121.4 $ 73.0 $ 40.7