Tyson Foods 2004 Annual Report Download - page 46

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44
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
Condensed Consolidating Statement of Income for the year ended October 2, 2004
in millions Tyson TFM Adjustments Consolidated
Sales $9,257 $17,204 $(20) $26,441
Cost of Sales 8,033 16,537 (20) 24,550
1,224 667 – 1,891
Operating Expenses:
Selling, general and administrative 567 313 880
Other charges 33 53 86
Operating Income 624 301 925
Interest and Other Expense 240 50 290
Income Before Income Taxes 384 251 635
Provision for Income Taxes 140 92 232
Net Income $ 244 $ 159 $ – $ 403
Condensed Consolidating Statement of Income for the year ended September 27, 2003
in millions Tyson TFM Adjustments Consolidated
Sales $8,092 $16,477 $(20) $24,549
Cost of Sales 7,135 15,690 (20) 22,805
957 787 – 1,744
Operating Expenses:
Selling, general and administrative 524 307 831
Other charges 76 – 76
Operating Income 357 480 837
Interest and Other Expense 226 88 314
Income Before Income Taxes 131 392 523
Provision for Income Taxes 47 139 186
Net Income $ 84 $ 253 $ – $ 337
Condensed Consolidating Statement of Income for the year ended September 28, 2002
in millions Tyson TFM Adjustments Consolidated
Sales $7,848 $15,563 $(44) $23,367
Cost of Sales 6,900 14,694 (44) 21,550
948 869 -- 1,817
Operating Expenses:
Selling, general and administrative 509 368 877
Other charges 26 27 53
Operating Income 413 474 887
Interest and Other Expense 243 51 294
Income Before Income Taxes 170 423 593
Provision for Income Taxes 53 157 210
Net Income $ 117 $ 266 $ -- $ 383