Energizer 2014 Annual Report Download - page 60

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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 2014 2013 2012
Net sales $ 4,447.7 $ 4,466.0 $ 4,567.2
Cost of products sold 2,312.5 2,361.7 2,429.3
Gross profit 2,135.2 2,104.3 2,137.9
Selling, general and administrative expense 859.9 825.0 887.8
Advertising and sales promotion expense 492.9 439.9 449.5
Research and development expense 94.8 99.0 112.5
2013 restructuring 92.6 139.3 7.3
Net pension/post-retirement gains (1.1)(107.6)—
Prior restructuring ——(6.8)
Interest expense 122.6 130.5 127.3
Other financing items, net —10.3 (5.1)
Earnings before income taxes 473.5 567.9 565.4
Income taxes 117.4 160.9 156.5
Net earnings $ 356.1 $ 407.0 $ 408.9
Earnings Per Share
Basic net earnings per share $ 5.74 $ 6.55 $ 6.30
Diluted net earnings per share $ 5.69 $ 6.47 $ 6.22
Statement of Comprehensive Income
Net earnings $ 356.1 $ 407.0 $ 408.9
Other comprehensive income/(loss), net of tax
Foreign currency translation adjustments (83.0)4.6 (11.9)
Pension/postretirement activity, net of tax of ($11.6) in 2014,
$18.9 in 2013 and ($14.4) in 2012 (24.6)35.7 (24.8)
Deferred gain/(loss) on hedging activity, net of tax of $3.6 in
2014 $3.1 in 2013 and $1.6 in 2012 9.4 4.6 (0.4)
Total comprehensive income $ 257.9 $ 451.9 $ 371.8
The above financial statements should be read in conjunction with the Notes To Consolidated Financial Statements.
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