Tyson Foods 2011 Annual Report Download - page 39

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39
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
TYSON FOODS, INC.
CONSOLIDATED STATEMENTS OF INCOME
Three years ended October 1, 2011
in millions, except per share data
2011
2010
2009
Sales
$32,266
$28,430
$26,704
Cost of Sales
30,067
25,916
25,501
Gross Profit
2,199
2,514
1,203
Operating Expenses:
Selling, general and administrative
914
929
841
Goodwill impairment
0
29
560
Other charges
0
0
17
Operating Income (Loss)
1,285
1,556
(215)
Other (Income) Expense:
Interest income
(11)
(14)
(17)
Interest expense
242
347
327
Other, net
(20)
20
18
Total Other (Income) Expense
211
353
328
Income (Loss) from Continuing Operations before Income Taxes
1,074
1,203
(543)
Income Tax Expense
341
438
7
Income (Loss) from Continuing Operations
733
765
(550)
Loss from Discontinued Operation, Net of Tax
0
0
(1)
Net Income (Loss)
733
765
(551)
Less: Net Loss Attributable to Noncontrolling Interest
(17)
(15)
(4)
Net Income (Loss) Attributable to Tyson
$750
$780
$(547)
Weighted Average Shares Outstanding:
Class A Basic
303
303
302
Class B Basic
70
70
70
Diluted
380
379
372
Net Income (Loss) Per Share from Continuing Operations Attributable to Tyson:
Class A Basic
$2.04
$2.13
$(1.49)
Class B Basic
$1.84
$1.91
$(1.35)
Diluted
$1.97
$2.06
$(1.47)
Net Income (Loss) Per Share from Discontinued Operation Attributable to Tyson:
Class A Basic
$0.00
$0.00
$0.00
Class B Basic
$0.00
$0.00
$0.00
Diluted
$0.00
$0.00
$0.00
Net Income (Loss) per Share Attributable to Tyson:
Class A Basic
$2.04
$2.13
$(1.49)
Class B Basic
$1.84
$1.91
$(1.35)
Diluted
$1.97
$2.06
$(1.47)
See accompanying notes.