Tyson Foods 2006 Annual Report Download - page 24

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Three years ended September 30, 2006
in millions, except per share data 2006 2005 2004
Sales $25,559 $26,014 $26,441
Cost of Sales 24,631 24,294 24,558
928 1,720 1,883
Operating Expenses:
Selling, general and administrative935 928 880
Other charges 70 47 86
Operating Income (Loss) (77) 745 917
Other (Income) Expense:
Interest income (30) (10) (5)
Interest expense268 237 280
Other, net(22) (10) 7
216 217 282
Income (Loss) before Income Taxes (293) 528 635
Income Tax Expense (Benefit) (102) 156 232
Income (Loss) before Cumulative Effect of Change in Accounting Principle (191) 372 403
Cumulative Effect of Change in Accounting Principle, Net of Tax (5) – –
Net Income (Loss) $(196) $ 372 $ 403
Weighted Average Shares Outstanding:
Class A Basic 249 243 243
Class B Basic 96 102 102
Diluted 345 357 357
Earnings Per Share:
Earnings (Loss) before Cumulative Effect of Change in Accounting Principle
Class A Basic $(0.56) $1.11 $1.20
Class B Basic $(0.52) $1.00 $1.08
Diluted $(0.56) $1.04 $1.13
Cumulative Effect of Change in Accounting Principle
Class A Basic $(0.02) $ – $ –
Class B Basic $(0.01) $ – $ –
Diluted $(0.02) $ – $ –
Net Earnings (Loss) per Share
Class A Basic $(0.58) $1.11 $1.20
Class B Basic $(0.53) $1.00 $1.08
Diluted $(0.58) $1.04 $1.13
See accompanying notes.
22 Ty s on Foods, Inc. 2006 Annual Report
Consolidated Statements of Operations