Energizer 2010 Annual Report Download - page 114

Download and view the complete annual report

Please find page 114 of the 2010 Energizer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 124

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124

Exhibit 13
ENERGIZER HOLDINGS, INC.
(Dollars in millions, except per share and percentage data)
104
Wal-Mart Stores, Inc. and its subsidiaries accounted for 20.1%, 21.4% and 20.8% of total net
sales in fiscal 2010, 2009 and 2008, respectively, primarily in North America. Corporate assets
shown in the following table include all cash and cash equivalents, financial instruments and
deferred tax assets that are managed outside of operating segments.
Net Sales 2010 2009 2008
Household Products 2,199.7$ 2,109.5$ 2,474.3$
Personal Care 2,048.6 1,890.3 1,856.7
Total net sales 4,248.3$ 3,999.8$ 4,331.0$
2010 2009 2008
Operating Profit
Household Products 451.1$ 398.6$ 489.1$
Personal Care 366.6 341.1 322.5
Total operating profit 817.7 739.7 811.6
General corporate and other expenses (108.9) (97.4) (104.9)
Venezuela devaluation/other impacts (18.3) - -
VERO/RIF - (38.6) -
PTO policy change - 24.1 -
Acquisition inventory valuation - (3.7) (27.5)
Amortization (13.6) (13.1) (14.0)
Interest and other financing items (133.5) (165.7) (192.0)
Total earnings before income taxes 543.4$ 445.3$ 473.2$
Depreciation and Amortization
Household Products 65.8$ 65.6$ 67.0$
Personal Care 57.9 50.9 59.4
Total segment depreciation and amortization 123.7 116.5 126.4
Corporate 15.5 13.9 14.9
Total depreciation and amortization 139.2$ 130.4$ 141.3$
Total Assets
Household Products 1,299.1$ 1,370.6$
Personal Care 1,156.6 1,125.7
Total segment assets 2,455.7 2,496.3
Corporate 841.6 537.9
Goodwill and other intangible assets, net 3,090.6 3,114.8
Total assets 6,387.9$ 6,149.0$
Capital Expenditures
Household Products 38.2$ 56.9$ 79.3$
Personal Care 69.2 80.8 78.9
Total segment capital expenditures 107.4 137.7 158.2
Corporate 1.3 2.0 1.8
Total capital expenditures 108.7$ 139.7$ 160.0$