Energizer 2006 Annual Report Download - page 24

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ENERGIZER HOLDINGS, INC.
Consolidated Statements of Earnings and Comprehensive Income
(Dollars in millions, except per share data)
22 ENR 2006 ANNUAL REPORT
Statement of Earnings
YEAR ENDED SEPTEMBER 30, 2006 2005 2004
Net sales $ 3,076.9 $ 2,989.8 $ 2,812.7
Cost of products sold 1,596.1 1,512.1 1,404.0
Selling, general and administrative expense 601.9 581.4 550.8
Advertising and promotion expense 368.9 387.6 403.3
Research and development expense 74.2 69.9 74.0
Interest expense 77.9 52.4 30.8
Other financing (income)/expense, net 1.3 (2.3) 2.0
Earnings before income taxes 356.6 388.7 347.8
Income taxes 95.7 108.0 86.8
Net earnings $ 260.9 $ 280.7 $ 261.0
Earnings Per Share
Basic net earnings per share $ 4.26 $ 3.95 $ 3.24
Diluted net earnings per share $ 4.14 $ 3.82 $ 3.13
Statement of Comprehensive Income
Net earnings $ 260.9 $ 280.7 $ 261.0
Other comprehensive income, net of tax
Foreign currency translation adjustments 29.4 (11.3) 29.6
Minimum pension liability change, net of tax of $(1.3) in 2006, $9.2 in 2005 and $2.9 in 2004 1.7 (17.1) (6 .2)
Comprehensive income $ 292.0 $ 252.3 $ 284.4
The above financial statement should be read in conjunction with the Notes to Consolidated Financial Statements.