Kraft 2010 Annual Report Download - page 104
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2009 Quarters
First Second Third Fourth
(in millions, except per share data; as revised)
Net revenues $ 8,979 $ 9,781 $ 9,397 $ 10,597
Gross profit $ 3,100 $ 3,512 $ 3,378 $ 3,945
Earnings from continuing operations $ 603 $ 781 $ 774 $ 652
Earnings and gain from discontinued operations, net of
income taxes 59 48 52 59
Net earnings 662 829 826 711
Noncontrolling interest 2 2 2 1
Net earnings attributable to Kraft Foods $ 660 $ 827 $ 824 $ 710
Weighted-average shares for diluted EPS 1,483 1,484 1,487 1,487
Per share data:
Basic EPS attributable to Kraft Foods:
Continuing operations $ 0.41 $ 0.53 $ 0.52 $ 0.44
Discontinued operations 0.04 0.03 0.04 0.04
Net earnings attributable to Kraft Foods $ 0.45 $ 0.56 $ 0.56 $ 0.48
Diluted EPS attributable to Kraft Foods:
Continuing operations $ 0.41 $ 0.53 $ 0.52 $ 0.44
Discontinued operations 0.04 0.03 0.03 0.04
Net earnings attributable to Kraft Foods $ 0.45 $ 0.56 $ 0.55 $ 0.48
Dividends declared $ 0.29 $ 0.29 $ 0.29 $ 0.29
Market price - high $ 29.84 $ 27.24 $ 29.11 $ 27.84
- low $ 20.81 $ 21.94 $ 25.41 $ 25.72
Basic and diluted EPS are computed independently for each of the periods presented. Accordingly, the sum of the quarterly EPS amounts may not equal the
total for the year.
During 2010, we recorded the following pre-tax charges / (gains) in earnings from continuing operations:
2010 Quarters
First Second Third Fourth
(in millions)
Asset impairment and exit costs $ - $ - $ (9) $ 27
(Gains) / losses on divestitures, net - - - 6
$ - $ - $ (9) $ 33
During 2009, we recorded the following pre-tax charges / (gains) in earnings from continuing operations:
2009 Quarters
First Second Third Fourth
(in millions)
Asset impairment and exit costs $ - $ (26) $ - $ (38)
(Gains) / losses on divestitures, net - 17 - (11)
$ - $ (9) $ - $ (49)
Basic and diluted EPS are computed independently for each of the periods presented. Accordingly, the sum of the quarterly EPS amounts may not equal the
total for the year.
Note 18. Subsequent Events:
We evaluated subsequent events and included all accounting and disclosure requirements related to subsequent events in our financial statements.
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