Rayovac 2006 Annual Report Download - page 101

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SPECTRUM BRANDS | 2006 ANNUAL REPORT 89
Intersegment Net Sales
2006 2005 2004
North America $59,845 $44,318 $77,835
Europe/ROW 17,490 18,019 15,713
Latin America 1,959 2,904 227
Global Pet 203 – –
Total segments $79,497 $65,241 $93,775
Depreciation and Amortization
2006 2005 2004
North America $50,798 $36,265 $20,485
Europe/ROW 10,561 15,716 16,243
Latin America 4,454 4,981 3,855
Global Pet 21,709 11,589 –
Total segments $87,522 $68,551 $40,583
Segment Profit
2006 2005 2004
North America(A) $146,424 $164,769 $130,749
Europe/ROW 55,190 94,552 96,202
Latin America 23,379 19,002 11,717
Global Pet(B) 83,611 28,710 –
Total segments 308,604 307,033 238,668
Corporate expenses 102,760 84,644 71,005
Restructuring and related
charges 56,094 26,316 11,443
Goodwill and intangibles
impairment 432,978 – –
Interest expense(C) 176,955 134,053 65,702
Other income, net (4,097) (856) (14)
(Loss) income from
continuing operations
before income taxes $(456,086) $62,876 $90,532
(A) Fiscal 2005 includes a non-cash charge to cost of goods sold of $23,135 related to the
fair value adjustment, required under generally accepted accounting principles in the
United States of America, that was applied to acquired inventory.
(B) Fiscal 2006 and 2005 include a non-cash charge to cost of goods sold of $204 and
$14,398, respectively, related to the fair value adjustment that was applied to
acquired inventory.
(C) Fiscal 2005 includes $12,033 in debt issuance costs written off in connection with the
debt refi nancing that occurred at the time of the United acquisition.
Segment Total Assets
September 30, 2006 2005
North America $1,503,598 $2,246,381
Europe/ROW 551,327 556,534
Latin America 239,635 368,499
Global Pet 1,170,841 790,902
Total segments 3,465,401 3,962,316
Corporate 83,919 59,775
Total assets at year end $3,549,320 $4,022,091
Segment Long-Lived Assets
September 30, 2006 2005
North America $1,077,125 $1,703,157
Europe/ROW 310,040 343,195
Latin America 134,051 269,015
Global Pet 1,000,897 639,925
Total segments 2,552,113 2,955,292
Corporate 67,392 18,832
Long-lived assets at year end $2,589,505 $2,974,124
Capital Expenditures for Segment
2006 2005 2004
North America $23,510 $22,802 $14,607
Europe/ROW 18,614 23,200 9,142
Latin America 5,063 8,503 3,143
Global Pet 13,181 8,245 –
Total segments $60,368 $62,750 $26,892
Geographic Disclosures—Net Sales to
External Customers
2006 2005 2004
United States $1,490,853 $1,285,055 $ 617,359
Outside the United States 1,060,899 1,022,099 799,827
Total net sales to
external customers $2,551,752 $2,307,154 $1,417,186
Geographic Disclosures—Long-Lived Assets
September 30, 2006 2005
United States $1,938,330 $1,960,936
Outside the United States 651,175 1,013,188
Long-lived assets at year end $2,589,505 $2,974,124
2006 Form 10-K Annual Report
Spectrum Brands, Inc.