Energizer 2009 Annual Report Download - page 24

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PAGE 22 ENERGIZER HOLDINGS INC. 2009 ANNUAL REPORT
Statements of Earnings Data
For The Years Ended September 30, 2009 2008 (a) 2007 2006 2005
Net sales $3,999.8 $4,331.0 $3,365.1 $3,076.9 $2,989.8
Depreciation and amortization 130.4 141.3 115.0 117.5 116.3
Earnings before income taxes (b) 445.3 473.2 434.2 356.6 388.7
Income taxes 147.5 143.9 112.8 95.7 108.0
Net earnings (c) $ 297.8 $ 329.3 $ 321.4 $ 260.9 $ 280.7
Earnings per share:
Basic $ 4.77 $ 5.71 $ 5.67 $ 4.26 $ 3.95
Diluted $ 4.72 $ 5.59 $ 5.51 $ 4.14 $ 3.82
Average shares outstanding:
Basic 62.4 57.6 56.7 61.2 71.0
Diluted 63.1 58.9 58.3 63.1 73.5
Balance Sheet Data
At September 30, 2009 2008 (a) 2007 2006 2005
Working capital $ 966.3 $ 665.1 $ 888.5 $ 708.2 $ 626.4
Property, plant and equipment, net 863.4 835.5 649.9 659.9 682.5
Total assets 6,149.0 5,816.7 3,525.7 3,132.6 2,973.8
Long-term debt 2,288.5 2,589.5 1,372.0 1,625.0 1,295.0
(a) Playtex Products, Inc. was acquired October 1, 2007
(b) Earnings before income taxes were (reduced)/increased by the following items:
For the Years Ended September 30, 2009 2008 2007 2006 2005
VERO/Reduction in force costs $ (38.6) $ – $ – $ – $ –
Provisions for realignment and related costs (8.8) (3.2) (18.2) (37.4) (5.7)
Integration costs (4.8) (17.9) – – –
Acquisition inventory valuation (3.7) (27.5) – – –
PTO adjustment 24.1 – – – –
Foreign pension charge – – – (4.5) –
Total $ (31.8) $ (48.6) $ (18.2) $ (41.9) $ (5.7)
(c) Net earnings were (reduced)/increased by the following items:
For the Years Ended September 30, 2009 2008 2007 2006 2005
VERO/Reduction in force costs $ (24.3) $ – $ – $ – $ –
Provisions for realignment and related costs (5.8) (2.0) (12.2) (24.9) (3.7)
Integration costs (3.1) (11.4) – – –
Acquisition inventory valuation (2.3) (16.5) – – –
PTO adjustment 15.2 – – – –
Foreign pension charge – – – (3.7) –
Adjustments to prior year tax accruals (1.5) (1.1) 7.9 10.9 10.6
Tax benefits recognized related to prior years’ losses – – 4.3 5.7 14.7
Deferred tax benefit due to statutory rate change – – 9.7 – –
Repatriation under the American Jobs Creation Act – – – – (9.0)
Total $ (21.8) $ (31.0) $ 9.7 $ (12.0) $ 12.6
SUMMARY S E L E C T E D H I S TO R I C A L F I N A N C I A L I N F O R M ATION
(In millions, except per share data)