Energizer 2012 Annual Report Download - page 65

Download and view the complete annual report

Please find page 65 of the 2012 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

ENERGIZER HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME
(Dollars in millions, except per share data)
FOR THE YEARS ENDED SEPTEMBER 30,
Statement of Earnings 2012 2011 2010
Net sales $ 4,567.2 $ 4,645.7 $ 4,248.3
Cost of products sold 2,429.3 2,500.0 2,229.0
Gross profit 2,137.9 2,145.7 2,019.3
Selling, general and administrative expense 895.1 856.1 765.7
Advertising and sales promotion expense 449.5 524.0 461.3
Research and development expense 112.5 108.3 97.1
Household Products restructuring (6.8)79.0 —
Interest expense 127.3 121.4 125.4
Cost of early debt retirements —19.9 —
Other financing (income)/expense, net (5.1)31.0 26.4
Earnings before income taxes 565.4 406.0 543.4
Income taxes 156.5 144.8 140.4
Net earnings $ 408.9 $ 261.2 $ 403.0
Earnings Per Share
Basic net earnings per share $ 6.30 $ 3.75 $ 5.76
Diluted net earnings per share $ 6.22 $ 3.72 $ 5.72
Statement of Comprehensive Income
Net earnings $ 408.9 $ 261.2 $ 403.0
Other comprehensive (loss)/income, net of tax
Foreign currency translation adjustments (11.9)(8.7)(43.2)
Pension/postretirement activity, net of tax of $(14.4) in 2012,
$(25.6) in 2011 and $(19.8) in 2010 (24.8)(26.4)(47.5)
Deferred (loss)/gain on hedging activity, net of tax of $1.6 in
2012 $5.3 in 2011 and $(6.9) in 2010 (0.4)11.7 (11.7)
Comprehensive income $ 371.8 $ 237.8 $ 300.6
The above financial statements should be read in conjunction with the Notes To Consolidated Financial Statements.
55