Sunoco 2011 Annual Report Download - page 72
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Sunoco, Inc. and Subsidiaries
Consolidated Statements of Operations
(Millions of Dollars and Shares, Except Per-Share Amounts)
For the Years Ended December 31,
2011 2010* 2009*
Revenues
Sales and other operating revenue (including consumer excise taxes) .......... $46,824 $36,175 $29,575
Interest income ..................................................... 23 5 5
Gain on remeasurement of pipeline equity interests (Note 2) ................. 9 128 —
Other income, net (Notes 2 and 3) ...................................... 60 92 116
46,916 36,400 29,696
Costs and Expenses
Cost of products sold and operating expenses ............................. 43,130 32,011 25,876
Consumer excise taxes ............................................... 2,246 2,348 2,387
Selling, general and administrative expenses .............................. 645 640 651
Depreciation, depletion and amortization ................................ 394 467 456
Payroll, property and other taxes ....................................... 104 113 129
Provision for asset write-downs and other matters (Note 2) .................. 2,629 109 687
Interest cost and debt expense ......................................... 198 164 145
Interest capitalized .................................................. (26) (15) (39)
49,320 35,837 30,292
Income (loss) from continuing operations before income tax expense (benefit) . . . (2,404) 563 (596)
Income tax expense (benefit) (Note 4) ................................... (1,051) 118 (358)
Income (loss) from continuing operations ................................ (1,353) 445 (238)
Income (loss) from discontinued operations, net of income taxes (Note 2) ...... (156) (17) 38
Net income (loss) ................................................... (1,509) 428 (200)
Less: Net income attributable to noncontrolling interests .................... 175 194 129
Net income (loss) attributable to Sunoco, Inc. shareholders .................. $(1,684) $ 234 $ (329)
Earnings (loss) attributable to Sunoco, Inc. shareholders per share of common
stock:
Basic:
Income (loss) from continuing operations ............................ $(13.21) $ 2.09 $ (3.14)
Income (loss) from discontinued operations .......................... (1.34) (0.14) 0.33
Net income (loss) ............................................... $(14.55) $ 1.95 $ (2.81)
Diluted:
Income (loss) from continuing operations ............................ $(13.21) $ 2.09 $ (3.14)
Income (loss) from discontinued operations .......................... (1.34) (0.14) 0.33
Net income (loss) ............................................... $(14.55) $ 1.95 $ (2.81)
Weighted-average number of shares outstanding (Note 5):
Basic ........................................................... 115.7 120.1 116.9
Diluted ......................................................... 115.7 120.3 116.9
Cash dividends paid per share of common stock (Note 14) ................. $ 0.60 $ 0.60 $ 1.20
*Reclassified to conform to 2011 presentation (Notes 1 and 2).
(See Accompanying Notes)
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