Rayovac 2008 Annual Report Download - page 130
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Table of Contents
Index to Financial Statements
SPECTRUM BRANDS, INC. AND SUBSIDIARIES
Consolidated Statements of Operations
Years ended September 30, 2008, 2007 and 2006
(In thousands, except per share amounts)
2008 2007 2006
Net sales $ 2,688,010 $ 2,564,687 $ 2,462,246
Cost of goods sold 1,702,915 1,599,700 1,509,166
Restructuring and related charges 16,499 31,315 21,067
Gross profit 968,596 933,672 932,013
Operating expenses:
Selling 566,298 559,671 541,239
General and administrative 198,658 163,483 177,468
Research and development 25,577 26,817 30,568
Restructuring and related charges 22,838 66,711 33,642
Goodwill and intangibles impairment 866,934 362,452 432,978
1,680,305 1,179,134 1,215,895
Operating loss (711,709) (245,462) (283,882)
Interest expense 229,013 255,765 175,923
Other expense (income), net 1,220 (331) (4,097)
Loss from continuing operations before income taxes (941,942) (500,896) (455,708)
Income tax (benefit) expense (11,642) 55,769 (27,496)
Loss from continuing operations (930,300) (556,665) (428,212)
Loss from discontinued operations, net of tax (1,245) (40,048) (5,760)
Net loss $ (931,545) $ (596,713) $ (433,972)
Basic net loss per common share:
Loss from continuing operations $ (18.27) $ (10.93) $ (8.66)
Loss from discontinued operations (0.02) (0.79) (0.11)
Net loss $ (18.29) $ (11.72) $ (8.77)
Weighted average shares of common stock outstanding 50,921 50,909 49,459
Diluted net loss per common share:
Loss from continuing operations $ (18.27) $ (10.93) $ (8.66)
Loss from discontinued operations (0.02) (0.79) (0.11)
Net loss $ (18.29) $ (11.72) $ (8.77)
Weighted average shares of common stock and equivalents outstanding 50,921 50,909 49,459
See accompanying notes to consolidated financial statements.
125
Source: Spectrum Brands, Inc, 10-K, December 10, 2008