Tyson Foods 2015 Annual Report Download - page 25
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Please find page 25 of the 2015 Tyson Foods annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.• Margins–Ourtotaloperatingmarginwas5.2%infiscal2015.Operatingmarginsbysegmentwereasfollows:
•Chicken–12.0%
•Beef–(0.4)%(included$12millionclosureandimpairmentchargesrelatedtotheceasingofbeefoperationsatourDenisonfacility)
•Pork–7.2%
• PreparedFoods–7.5%(included$8millioninnetinsuranceproceedsrelatedtoalegacyHillshireBrandsplantfire,$10millioninmergerand
integrationcostsand$59millioninPreparedFoodsnetworkoptimizationimpairmentcharges)
• Liquidity–Duringfiscal2015,wegenerated$2.6billionofoperatingcashflows.Werepurchased11.0millionsharesofourClassAcommonstockfor
$455millionunderoursharerepurchaseprograminfiscal2015.AtOctober3,2015,wehad$1.9billionofliquidity,whichincludedtheavailability
underourrevolvingcreditfacilityand$688millionofcashandcashequivalents.
inmillions,exceptpersharedata
2015
2014
2013
NetincomefromcontinuingoperationsattributabletoTyson $ 1,220
$ 864
$ 848
NetincomefromcontinuingoperationsattributabletoTyson–perdilutedshare 2.95
2.37
2.31
NetlossfromdiscontinuedoperationattributabletoTyson —
—
(70)
NetlossfromdiscontinuedoperationattributabletoTyson–perdilutedshare —
—
(0.19)
NetincomeattributabletoTyson 1,220
864
778
NetincomeattributabletoTyson-perdilutedshare 2.95
2.37
2.12
2015 –Includedthefollowingitems:
• $169million,or($0.41)perdilutedshare,relatedtoanimpairmentchargeinChina.
• $59million,or($0.09)perdilutedshare,relatedtoPreparedFoodsnetworkoptimizationimpairmentcharges.
• $57million,or($0.09)perdilutedshare,relatedtomergerandintegrationcosts.
• $12million,or($0.02)perdilutedshare,relatedtoclosureandimpairmentchargesrelatedtotheceasingofbeefoperationsatourDenisonfacility.
• $161million,or$0.24perdilutedshare,relatedtoagainonsaleoftheMexicooperation.
• $39million,or$0.06perdilutedshare,relatedtotheadditionalweekinfiscal2015.
• $26million,or$0.06perdilutedshare,relatedtorecognitionofpreviouslyunrecognizedtaxbenefits.
• $21million,or$0.03perdilutedshare,relatedtoagainonsaleofequitysecurities.
• $8million,or$0.02perdilutedshare,ofinsuranceproceeds(netofcosts)relatedtoalegacyHillshireBrandsplantfire.
2014 –Includedthefollowingitems(fiscal2014perdilutedshareadjustmentsutilizedaweightedaveragesharesoutstandingamountof356million):
• $197million,or($0.37)perdilutedshare,relatedtotheHillshireBrandsacquisition,integrationandcostsassociatedwithourPreparedFoods
improvementplan.
• $42million,or($0.16)perdilutedshare,relatedtoanimpairmentinourBraziloperationandMexicoundistributedearningstax.
• $40million,or($0.07)perdilutedshare,relatedtotheHillshireBrandspost-closingresults,purchasepriceaccountingadjustmentsandcostsrelatedtoa
legacyHillshireBrandsplantfire.
• $27million,or($0.12)perdilutedshare,relatedtotheHillshireBrandsacquisitionfinancingincrementalinterestcostsandsharedilution.
• $52million,or$0.15perdilutedshare,relatedtoagainfrompreviouslyunrecognizedtaxbenefits.
2013 –Includedthefollowingitem:
• $19million,or$0.05perdilutedshare,relatedtorecognizedcurrencytranslationadjustmentgain.
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