Energizer 2009 Annual Report Download - page 27

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ENERGIZER HOLDINGS INC. 2009 ANNUAL REPORT PAGE 25
CONSOLIDAT E D S TATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME
(Dollars in millions, except per share data)
Statement of Earnings
Years Ended September 30, 2009 2008 2007
Net sales $3,999.8 $4,331.0 $3,365.1
Cost of products sold 2,141.2 2,293.3 1,760.4
Gross profit 1,858.6 2,037.7 1,604.7
Selling, general and administrative expense 742.6 794.0 627.9
Advertising and promotion expense 414.5 486.8 395.2
Research and development expense 90.5 91.7 70.7
Interest expense 144.7 181.3 91.2
Other financing expense/(income), net 21.0 10.7 (14.5)
Earnings before income taxes 445.3 473.2 434.2
Income taxes 147.5 143.9 112.8
Net earnings $ 297.8 $ 329.3 $ 321.4
Earnings Per Share
Basic net earnings per share $ 4.77 $ 5.71 $ 5.67
Diluted net earnings per share $ 4.72 $ 5.59 $ 5.51
Statement of Comprehensive Income
Net earnings $ 297.8 $ 329.3 $ 321.4
Other comprehensive income, net of tax
Foreign currency translation adjustments 12.7 3.8 73.9
Pension/Postretirement activity, net of tax of $(45.9) in 2009, $(17.8) in 2008 and $8.9 in 2007 (78.6) (46.5) 20.5
Deferred gain/(loss) on hedging activity, net of tax of $0.9 in 2009, $1.7 in 2008 and $(4.7) in 2007 3.1 3.8 (10.6)
Comprehensive income $ 235.0 $ 290.4 $ 405.2
The above financial statements should be read in conjunction with the Notes To Consolidated Financial Statements.