Energizer 2012 Annual Report Download - page 100

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ENERGIZER HOLDINGS, INC.
(Dollars in millions, except per share and percentage data)
Consolidating Statements of Earnings (Condensed)
Year Ended September 30, 2011
Parent
Company Guarantors
Non-
Guarantors Eliminations Total
Net Sales $ — $ 2,775.2 $ 2,444.5 $ (574.0) $ 4,645.7
Cost of products sold — 1,658.4 1,418.4 (576.8) 2,500.0
Gross Profit — 1,116.8 1,026.1 2.8 2,145.7
Selling, general and administrative expense — 420.4 435.7 — 856.1
Advertising and sales promotion expense — 285.9 240.8 (2.7) 524.0
Research and development expense — 108.2 0.1 — 108.3
Household Products restructuring — 3.0 76.0 — 79.0
Interest expense/(income) 137.1 (2.4) 6.6 — 141.3
Intercompany interest (income)/expense (134.5) 133.7 0.8 — —
Other financing expense, net — 2.0 29.0 — 31.0
Intercompany service fees — 10.6 (10.6)— —
Equity in earnings of subsidiaries (271.2)(153.6) — 424.8 —
Earnings before income taxes 268.6 309.0 247.7 (419.3) 406.0
Income taxes 7.4 64.6 71.1 1.7 144.8
Net earnings $ 261.2 $ 244.4 $ 176.6 $ (421.0) $ 261.2
Consolidating Statements of Earnings (Condensed)
Year Ended September 30, 2010
Parent
Company Guarantors
Non-
Guarantors Eliminations Total
Net Sales $ — $ 2,551.9 $ 2,229.3 $ (532.9) $ 4,248.3
Cost of products sold — 1,483.1 1,270.1 (524.2) 2,229.0
Gross Profit — 1,068.8 959.2 (8.7) 2,019.3
Selling, general and administrative expense — 379.5 386.2 — 765.7
Advertising and sales promotion expense — 274.3 188.8 (1.8) 461.3
Research and development expense — 97.0 0.1 — 97.1
Interest expense/(income) 121.5 (1.4) 5.3 — 125.4
Intercompany interest (income)/expense (119.5) 118.2 1.3 — —
Other financing (income)/expense (0.1) 1.3 25.2 — 26.4
Intercompany service fees — 16.9 (16.9)— —
Equity in earnings of subsidiaries (412.5)(266.5) — 679.0 —
Earnings before income taxes 410.6 449.5 369.2 (685.9) 543.4
Income taxes 7.6 52.3 83.6 (3.1) 140.4
Net earnings $ 403.0 $ 397.2 $ 285.6 $ (682.8) $ 403.0
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