Graco 2013 Annual Report Download - page 20

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20
Newell Rubbermaid | 2013 Annual Report
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
“NORMALIZED” EARNINGS PER SHARE
Years Ended December 31, 2013 2012 2011
Diluted EPS, reported $(1.63 $(1.37 $(0.42
Impairment charges — — 0.83
Restructuring and restructuring-related costs 0.40 0.23 0.23
CEO transition costs — — 0.02
Discontinued operations (0. 19) (0.03) 0. 21
Losses on extinguishments of debt — 0.02 0.01
Income tax items (0.03) 0.08 (0. 17)
Currency devaluation — Venezuela 0.02 — —
“Normalized” EPS $(1. 83 $(1.67 $(1.56
Totals may not add due to rounding.
“NORMALIZED” OPERATING INCOME AND OPERATING MARGIN
($ in millions)
Years Ended December 31, 2013 2012 2011
Net sales $5,692.5 $5,579.9 $5,51 1 .7
Operating income, reported $ 62 1 .0 $ 640.0 $ 31 3.0
Impairment charges — — 31 7.9
Restructuring and restructuring-related costs 136.0 87.4 85.3
CEO transition costs — — 6.3
“Normalized” Operating income $ 757.0 $ 727.4 $ 722.5
“Normalized” Operating margin 1 3.3% 13.0% 1 3. 1 %
Financial Highlights