Energizer 2014 Annual Report Download - page 100

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ENERGIZER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per share)
Consolidating Statements of Earnings (Condensed)
Year Ended September 30, 2013
Parent
Company Guarantors
Non-
Guarantors Eliminations Total
Net sales $ — $ 2,667.1 $ 2,367.8 $ (568.9) $ 4,466.0
Cost of products sold — 1,585.7 1,345.2 (569.2) 2,361.7
Gross profit — 1,081.4 1,022.6 0.3 2,104.3
Selling, general and administrative expense — 405.9 419.1 — 825.0
Advertising and sales promotion expense — 237.9 203.1 (1.1) 439.9
Research and development expense — 98.8 0.2 — 99.0
2013 restructuring — 107.9 31.4 — 139.3
Net pension/post-retirement gains — (107.6)— —
(107.6)
Interest expense/(income) 124.7 (0.3) 6.1 — 130.5
Intercompany interest (income)/expense (122.6) 122.6 — — —
Other financing items, net — 3.0 7.3 — 10.3
Intercompany service fees — 14.1 (14.1)— —
Equity in earnings of subsidiaries (409.8)(276.4) — 686.2 —
Earnings before income taxes 407.7 475.5 369.5 (684.8) 567.9
Income taxes 0.7 81.2 77.6 1.4 160.9
Net earnings $ 407.0 $ 394.3 $ 291.9 $ (686.2) $ 407.0
Statement of Comprehensive Income:
Net earnings $ 407.0 $ 394.3 $ 291.9 $ (686.2) $ 407.0
Other comprehensive income, net of tax $ 44.9 $ 27.2 $ 16.4 $ (43.6) $ 44.9
Total comprehensive income $ 451.9 $ 421.5 $ 308.3 $ (729.8) $ 451.9
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