Energizer 2007 Annual Report Download - page 24

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22
Energizer Holdings, Inc. 2007 Annual Report
Statement of Earnings
YEAR ENDED SEPTEMBER 30, 2007 2006 2005
Net sales $3,365.1 $3,076.9 $2,989.8
Cost of products sold 1,760.4 1,596.1 1,512.1
Gross profit 1,604.7 1,480.8 1,477.7
Selling, general and administrative expense 627.9 601.9 581.4
Advertising and promotion expense 395.2 368.9 387.6
Research and development expense 70.7 74.2 69.9
Interest expense 91.2 77.9 52.4
Other financing (income)/expense, net (14.5) 1.3 (2.3)
Earnings before income taxes 434.2 356.6 388.7
Income taxes 112.8 95.7 108.0
Net earnings $ 321.4 $ 260.9 $ 280.7
Earnings Per Share
Basic net earnings per share $ 5.67 $ 4.26 $ 3.95
Diluted net earnings per share $5.51 $ 4.14 $ 3.82
Statement of Comprehensive Income
Net earnings $ 321.4 $ 260.9 $ 280.7
Other comprehensive income, net of tax
Foreign currency translation adjustments 73.9 29.4 (11.3)
Minimum pension liability change, net of tax of $(8.9) in 2007, $(1.3) in 2006 and $9.2 in 2005 20.5 1.7 (17.1)
Deferred loss on hedging activity, net of tax of $4.7 in 2007 (10.6) ––
Comprehensive income $ 405.2 $ 292.0 $ 252.3
The above financial statements should be read in conjunction with the Notes to Consolidated Financial Statements.
Consolidated Statements of Earnings and Comprehensive Income
(Dollars in millions, except per share data)