Rayovac 2014 Annual Report Download - page 48

ITEM 6. SELECTED FINANCIAL DATA
The following selected historical financial data is derived from our audited consolidated financial
statements. Only our Consolidated Statements of Financial Position as of September 30, 2014 and 2013 and our
Consolidated Statements of Operations, Consolidated Statements of Comprehensive Income (Loss), Consolidated
Statements of Shareholders’ Equity and Consolidated Statements of Cash Flows for the years ended
September 30, 2014, 2013 and 2012 are included elsewhere in this Annual Report on Form 10-K. The
information presented below as of and for the fiscal year ended September 30, 2013 also includes the results of
the HHI Business operations since December 17, 2012, and the results of TLM Taiwan since April 8, 2013.
The following selected financial data, which may not be indicative of future performance, should be read in
conjunction with our consolidated financial statements and notes thereto and the information contained in Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations included elsewhere
herein.
2014 2013 2012 2011 2010
Statement of Operations Data:
Net sales ...................................... $4,429.1 $4,085.6 $3,252.4 $3,186.9 $2,567.0
Gross profit .................................... 1,568.9 1,390.3 1,115.7 1,128.9 921.4
Operating income(1) ............................. 481.9 351.2 301.7 227.9 168.8
Interest expense(2) .............................. 202.1 375.6 191.9 208.3 277.0
Other expense, net ............................... 6.3 3.5 0.9 2.5 12.3
Reorganization items expense ...................... ———— 3.6
Income (loss) from continuing operations before income
taxes ........................................ 273.5 (28.0) 109.0 17.1 (124.2)
Income tax expense(3) ........................... 59.0 27.4 60.4 92.3 63.2
Loss from discontinued operations, net of tax(4) ....... ————(2.7)
Net income (loss) ............................... 214.5 (55.3) 48.6 (75.2) (190.1)
Less: Net income (loss) attributable to noncontrolling
interest ...................................... 0.4 (0.1) — — —
Net income (loss) attributable to controlling interest .... 214.1 (55.2) 48.6 (75.2) (190.1)
Restructuring and related charges—cost of goods
sold(5) ...................................... 3.7 10.0 9.8 7.8 7.2
Restructuring and related charges—operating
expenses(5) .................................. 19.2 24.0 9.7 20.8 17.0
Per Share Data:
Net income (loss) per common share
Basic ..................................... $ 4.07 $ (1.06) $ 0.94 $ (1.47) $ (5.28)
Diluted(6) ................................. 4.02 (1.06) 0.91 (1.47) (5.28)
Average shares outstanding
Basic ..................................... 52.6 52.0 51.6 51.1 36.0
Diluted .................................... 53.3 52.0 53.3 51.1 36.0
Cash Flow and Related Data:
Net cash provided by operating activities ............. $ 432.7 $ 256.5 $ 258.8 $ 227.4 $ 57.3
Capital expenditures(7) ........................... 73.3 82.0 46.8 36.2 40.3
Depreciation and amortization (excluding amortization
of debt issuance costs)(7) ....................... 204.4 183.8 133.8 135.1 117.4
Statement of Financial Position Data (at period end):
Cash and cash equivalents ......................... $ 194.6 $ 207.3 $ 158.0 $ 142.4 $ 170.6
Working capital(8) .............................. 518.9 530.5 450.8 441.4 536.9
Total assets .................................... 5,513.0 5,626.7 3,751.6 3,626.7 3,873.7
Total long-term debt, net of current maturities ......... 2,894.1 3,115.9 1,652.9 1,535.5 1,723.1
Total debt ...................................... 2,990.9 3,218.9 1,669.3 1,551.6 1,743.8
Total shareholders’ equity ......................... 1,086.8 940.1 989.1 1,018.5 1,046.4
36