Energizer 2013 Annual Report Download - page 62

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Summary Selected Historical Financial Information
(In millions, except per share data)
Statements of Earnings Data (a) FOR THE YEARS ENDED SEPTEMBER 30,
2013 2012 2011 2010 2009
Net sales $ 4,466.0 $ 4,567.2 $ 4,645.7 $ 4,248.3 $ 3,999.8
Depreciation and amortization 187.4 162.2 181.3 139.2 130.4
Earnings before income taxes (d) 567.9 565.4 406.0 543.4 445.3
Income taxes 160.9 156.5 144.8 140.4 147.5
Net earnings (f) $ 407.0 $ 408.9 $ 261.2 $ 403.0 $ 297.8
Earnings per share:
Basic $ 6.55 $ 6.30 $ 3.75 $ 5.76 $ 4.77
Diluted $ 6.47 $ 6.22 $ 3.72 $ 5.72 $ 4.72
Average shares outstanding:
Basic 62.1 64.9 69.6 70.0 62.4
Diluted 62.9 65.7 70.3 70.5 63.1
Annual dividend per common share (b) $ 1.70 $ 0.40 $ — $ — $ —
Balance Sheet Data AT SEPTEMBER 30,
2013 2012 2011 2010 2009
Working capital (c) $ 1,415.0 $ 1,215.1 $ 1,233.3 $ 1,176.0 $ 966.3
Property, plant and equipment, net 755.6 848.5 885.4 840.6 863.4
Total assets 6,717.4 6,731.2 6,531.5 6,255.8 6,017.3
Long-term debt 1,998.8 2,138.6 2,206.5 2,022.5 2,288.5
(a) Year over year comparatives may be impacted by the timing of acquisitions.
(b) The Company began paying dividends in the fourth fiscal quarter of 2012.
(c) Working capital is current assets less current liabilities.
(d) Earnings before income taxes were (reduced)/increased by the following items:
FOR THE YEARS ENDED SEPTEMBER 30,
2013 2012 2011 2010 2009
2013 restructuring (e) $ (150.6) $ (7.3) $ — $ — $ —
Venezuela devaluation/other impacts (6.3) — (1.8) (18.3) —
ASR integration/transaction costs (2.5) (8.4) (13.5) (0.5) —
Other realignment/integration costs (1.6) (0.5) (3.0) (11.0) (13.6)
Net pension/post-retirement gains 107.6 — ———
Prior restructuring —6.8 (79.0) — —
Early termination of interest rate swap —(1.7) — — —
Early debt retirement/duplicate interest —— (22.9) — —
Acquisition inventory valuation —— (7.0) — (3.7)
Voluntary retirement/reduction in force costs —— — 0.2 (38.6)
Paid time off adjustment —— — — 24.1
Total $ (53.4) $ (11.1) $ (127.2) $ (29.6) $ (31.8)
(e) Includes pre-tax costs of $5.2 for the twelve months ended September 30, 2013, associated with certain information technology and related activities,
which are included in Selling, general and administrative expense (SG&A) on the Consolidated Statement of Earnings and Comprehensive Income.
Additionally, this includes pre-tax costs of $6.1, for the twelve months ended September 30, 2013, associated with obsolescence charges related to the exit of
certain non-core product lines as a result of our restructuring, which are included in Cost of products sold on the Consolidated Statement of Earnings and
Comprehensive Income.
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