Avon 2006 Annual Report Download - page 53

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CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
Years ended December 31 2006 2005 2004
Net sales $8,677.3 $8,065.2 $7,656.2
Other revenue 86.6 84.4 91.6
Total revenue 8,763.9 8,149.6 7,747.8
Costs, expenses and other:
Cost of sales 3,434.6 3,133.7 2,932.5
Selling, general and administrative expenses 4,567.9 3,866.9 3,586.3
Operating profit 761.4 1,149.0 1,229.0
Interest expense (99.6) (54.1) (33.8)
Interest income 55.3 37.3 20.6
Other expense, net (13.6) (8.0) (28.3)
Total other expenses (57.9) (24.8) (41.5)
Income before taxes and minority interest 703.5 1,124.2 1,187.5
Income taxes (223.4) (269.7) (330.6)
Income before minority interest 480.1 854.5 856.9
Minority interest (2.5) (6.9) (10.8)
Net income $ 477.6 $ 847.6 $ 846.1
Earnings per share:
Basic $ 1.07 $ 1.82 $ 1.79
Diluted $ 1.06 $ 1.81 $ 1.77
Weighted-average shares outstanding:
Basic 447.40 466.28 472.35
Diluted 449.16 469.47 477.96
The accompanying notes are an integral part of these statements.
A V O N 2006 F-3