Energizer 2005 Annual Report Download - page 24

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22 ENR 2005 Annual Report
ENERGIZER HOLDINGS, INC.
Consolidated Statement of Earnings and Comprehensive Income
(Dollars in millions, except per share data)
Statement of Earnings
YEAR ENDED SEPTEMBER 30, 2005 2004 2003
Net sales $2,989.8 $2,812.7 $ 2,232.5
Cost of products sold 1,512.1 1,404.0 1,274.2
Selling, general and administrative expense 572.4 542.1 382.8
Advertising and promotion expense 387.6 403.3 251.0
Research and development expense 69.9 74.0 51.5
Intellectual property rights income –(1.5) (8.5)
Interest expense 52.4 30.8 28.2
Other financing (income)/expense, net (2.3) 2.0 15.7
Earnings before income taxes 397.7 358.0 237.6
Income taxes (111.3) (90.6) (67.7)
Net earnings $ 286.4 $ 267.4 $ 169.9
Earnings Per Share
Basic net earnings per share $4.03 $ 3.32 $ 1.98
Diluted net earnings per share $3.90 $ 3.21 $ 1.93
Statement of Comprehensive Income
Net earnings $ 286.4 $ 267.4 $ 169.9
Other comprehensive income, net of tax
Foreign currency translation adjustments (11.3) 29.6 36.6
Minimum pension liability change, net of tax of $9.2 in 2005, $2.9 in 2004 and $3.1 in 2003 (17.1) (6.2) (8.1)
Comprehensive income $ 258.0 $ 290.8 $ 198.4
The above financial statement should be read in conjunction with the Notes to Consolidated Financial Statements.