Sunbeam 2004 Annual Report Download - page 42

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Jarden Corporation
Consolidated Statements of Income
(in thousands, except per share amounts)
Year ended December 31,
2004 2003 2002
Net sales ..................................................... $838,609 $587,657 $367,104
Costs and expenses:
Cost of sales .............................................. 563,210 374,614 223,663
Selling, general and administrative expenses .................. 146,901 119,760 78,332
Restricted stock charges .................................... 32,415 21,833 —
Operating earnings ........................................... 96,083 71,450 65,109
Interest expense, net .......................................... 27,608 19,184 12,611
Income before taxes ........................................... 68,475 52,266 52,498
Income tax provision .......................................... 26,041 20,488 16,189
Net income .................................................. $ 42,434 $ 31,778 $ 36,309
Basic earnings per share ....................................... $ 1.55 $ 1.40 $ 1.74
Diluted earnings per share ..................................... $ 1.49 $ 1.35 $ 1.68
Weighted average shares outstanding:
Basic .................................................... 27,353 22,663 20,910
Diluted .................................................. 28,455 23,531 21,588
The accompanying notes are an integral part of the consolidated financial statements.
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