Tyson Foods 2009 Annual Report Download - page 38

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38
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
CONSOLIDATED STATEMENTS OF INCOME
Three years ended October 3, 2009
in millions, except per share data
2009
2008
2007
Sales
$
26,704
$
26,862
$
25,729
Cost of Sales
25,501
25,616
24,300
1,203
1,246
1,429
Operating Expenses:
Selling, general and administrative
841
879
814
Goodwill impairment
560
-
-
Other charges
17
36
2
Operating Income (Loss)
(215
)
331
613
Other (Income) Expense:
Interest income
(17
)
(9
)
(8
)
Interest expense
310
215
232
Other, net
18
(29
)
(21
)
311
177
203
Income (Loss) from Continuing Operations before
Income Taxes and Minority Interest
(526
)
154
410
Income Tax Expense
14
68
142
Income (Loss) from Continuing Operations
before Minority Interest
(540
)
86
268
Minority Interest
(4
)
-
-
Income (Loss) from Continuing Operations
(536
)
86
268
Loss from Discontinued Operation, Net of Tax $11, $0, $0
(1
)
-
-
Net Income (Loss)
$
(537
)
$
86
$
268
Weighted Average Shares Outstanding:
Class A Basic
302
281
273
Class B Basic
70
70
75
Diluted
372
356
355
Earnings (Loss) Per Share from Continuing Operations:
Class A Basic
$
(1.47
)
$
0.25
$
0.79
Class B Basic
$
(1.32
)
$
0.22
$
0.70
Diluted
$
(1.44
)
$
0.24
$
0.75
Loss Per Share from Discontinued Operation:
Class A Basic
$
-
$
-
$
-
Class B Basic
$
-
$
-
$
-
Diluted
$
-
$
-
$
-
Net Earnings (Loss) per Share:
Class A Basic
$
(1.47
)
$
0.25
$
0.79
Class B Basic
$
(1.32
)
$
0.22
$
0.70
Diluted
$
(1.44
)
$
0.24
$
0.75
See accompanying notes.