Energizer 2013 Annual Report Download - page 101

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ENERGIZER HOLDINGS, INC.
(Dollars in millions, except per share data)
Consolidating Statements of Earnings (Condensed)
Year Ended September 30, 2012
Parent
Company Guarantors
Non-
Guarantors Eliminations Total
Net sales $ — $ 2,773.5 $ 2,433.3 $ (639.6) $ 4,567.2
Cost of products sold — 1,691.9 1,373.8 (636.4) 2,429.3
Gross profit — 1,081.6 1,059.5 (3.2) 2,137.9
Selling, general and administrative expense 0.2 444.9 442.7 — 887.8
Advertising and sales promotion expense — 249.9 200.7 (1.1) 449.5
Research and development expense — 112.3 0.2 — 112.5
2013 restructuring — 7.3 — — 7.3
Prior restructuring — 0.4 (7.2)—
(6.8)
Interest expense/(income) 122.6 (0.5) 5.2 — 127.3
Intercompany interest (income)/expense (119.5) 118.7 0.8 — —
Other financing items, net — (0.5)(4.5)(0.1)(5.1)
Intercompany service fees — 12.8 (12.8)— —
Equity in earnings of subsidiaries (414.3)(315.1) — 729.4 —
Earnings before income taxes 411.0 451.4 434.4 (731.4) 565.4
Income taxes 2.1 60.2 96.2 (2.0) 156.5
Net earnings $ 408.9 $ 391.2 $ 338.2 $ (729.4) $ 408.9
Statement of Comprehensive Income:
Net earnings $ 408.9 $ 391.2 $ 338.2 $ (729.4) $ 408.9
Other comprehensive loss, net of tax $ (37.1)$ (23.5)$ (28.0) $ 51.5 $ (37.1)
Total comprehensive income $ 371.8 $ 367.7 $ 310.2 $ (677.9) $ 371.8
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