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ENR 2006 ANNUAL REPORT 19
Statement of Earnings Data
FOR THE YEAR ENDED SEPTEMBER 30, 2006 2005 2004 2003(a) 2002
Net sales $ 3,076.9 $ 2,989.8 $ 2,812.7 $ 2,232.5 $ 1,739.7
Depreciation and amortization 117. 5 116.3 115.8 83.2 57.4
Earnings before income taxes (b) 356.6 388.7 347.8 227.3 265.3
Income taxes 95.7 108.0 86.8 63.8 86.9
Net earnings (c) 260.9 280.7 261.0 163.5 178.4
Earnings per share:
Basic $ 4.26 $ 3.95 $ 3.24 $ 1.90 $ 1.96
Diluted $ 4.14 $ 3.82 $ 3.13 $ 1.85 $ 1.92
Average shares outstanding:
Basic 61.2 71.0 80.6 85.9 91.0
Diluted 63.1 73.5 83.4 88.2 92.8
Balance Sheet Data
SEPTEMBER 30, 2006 2005 2004 2003(a) 2002
Working capital $ 708.2 $ 626.4 $ 469.2 $ 516.0 $ 363.0
Property, plant and equipment, net 659.9 682.5 705.6 701.2 455.7
Total assets 3,132.6 2,973.8 2,931.7 2,747.3 1,603.6
Long-term debt 1,625.0 1,295.0 1,059.6 913.6 160.0
(a) Schick-Wilkinson Sword was acquired March 28, 2003.
(b) Earnings before income taxes were (reduced)/increased due to the following items:
FOR THE YEAR ENDED SEPTEMBER 30, 2006 2005 2004 2003 2002
Provisions for restructuring and related costs $ (37.4) $ (5.7) $ (5.2) $ (0.2) $ (10.3)
Foreign pension charge (4.5) ––––
Special termination benefits ––(15.2) – –
Acquisition inventory valuation –––(89.7)–
Early debt payoff –– – (20.0) –
Kmart accounts receivable write-down –– –– (15.0)
Gain on sale of property –– –5.7 6.3
Intellectual property rights income –– 1.58.5 –
Total $ (41.9) $ (5.7) $ (18.9) $ (95.7) $ (19.0)
(c) Net earnings were (reduced)/increased due to the following items:
FOR THE YEAR ENDED SEPTEMBER 30, 2006 2005 2004 2003 2002
Provisions for restructuring and related costs, net of tax $ (24.9) $ (3.7) $ (3.8) $ – $ (7.8)
Foreign pension charge, net of tax (3.7) ––––
Special termination benefits, net of tax –– (9.6) – –
Acquisition inventory valuation, net of tax –– – (58.3) –
Early debt payoff, net of tax –– –(12.4)–
Kmart accounts receivable write-down, net of tax –– ––(9.3)
Gain on sale of property, net of tax –– –5.7 5.0
Tax benefits recognized related to prior years’ losses 5.7 14. 7 16. 2 12.2 6 . 7
Adjustments to prior year tax accruals 10.9 10.6 8.5 7.0 5.1
Repatriation under the American Jobs Creation Act –(9.0) – – –
Intellectual property rights income, net of tax –– 0.9 5.2 –
Total $ (12.0) $ 12.6 $ 12.2 $ (40.6) $ (0.3)
ENERGIZER HOLDINGS, INC.
Summary Selected Historical Financial Information
(Dollars in millions, except per share data)