Tyson Foods 2013 Annual Report Download - page 38

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38
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
TYSON FOODS, INC.
CONSOLIDATED STATEMENTS OF INCOME
Three years ended September 28, 2013
in millions, except per share data
2013 2012 2011
Sales $ 34,374 $ 33,055 $ 32,032
Cost of Sales 32,016 30,865 29,837
Gross Profit 2,358 2,190 2,195
Selling, General and Administrative 983 904 906
Operating Income 1,375 1,286 1,289
Other (Income) Expense:
Interest income (7)(12) (11)
Interest expense 145 356 242
Other, net (20)(23) (20)
Total Other (Income) Expense 118 321 211
Income from Continuing Operations before Income Taxes 1,257 965 1,078
Income Tax Expense 409 351 340
Income from Continuing Operations 848 614 738
Loss from Discontinued Operation, Net of Tax (70)(38) (5)
Net Income 778 576 733
Less: Net Loss Attributable to Noncontrolling Interests — (7) (17)
Net Income Attributable to Tyson $ 778 $ 583 $ 750
Amounts Attributable to Tyson:
Net Income from Continuing Operations 848 621 752
Net Loss from Discontinued Operation (70)(38) (2)
Net Income Attributable to Tyson $ 778 $ 583 $ 750
Weighted Average Shares Outstanding:
Class A Basic 282 293 303
Class B Basic 70 70 70
Diluted 367 370 380
Net Income Per Share from Continuing Operations Attributable to Tyson:
Class A Basic $ 2.46 $ 1.75 $ 2.05
Class B Basic $ 2.22 $ 1.57 $ 1.84
Diluted $ 2.31 $ 1.68 $ 1.98
Net Loss Per Share from Discontinued Operation Attributable to Tyson:
Class A Basic $ (0.20) $ (0.11) $ (0.01)
Class B Basic $ (0.18) $ (0.09) $ —
Diluted $ (0.19) $ (0.10) $ (0.01)
Net Income Per Share Attributable to Tyson:
Class A Basic $ 2.26 $ 1.64 $ 2.04
Class B Basic $ 2.04 $ 1.48 $ 1.84
Diluted $ 2.12 $ 1.58 $ 1.97
Dividends Declared Per Share:
Class A $ 0.310 $ 0.160 $ 0.160
Class B $ 0.279 $ 0.144 $ 0.144
See accompanying notes.