Black & Decker 2010 Annual Report Download - page 74
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Consolidated Statements of Operations
Fiscal years ended January 1, 2011, January 2, 2010 and January 3, 2009
(In Millions of Dollars, except per share amounts)
2010 2009 2008
Net Sales.................................... $8,409.6 $3,737.1 $4,426.2
Costs and Expenses
Cost of sales ................................. $5,460.8 $2,228.8 $2,754.8
Selling, general and administrative ................. 2,156.6 1,014.4 1,090.0
Provision for doubtful accounts.................... 12.3 14.0 17.6
Other-net .................................... 199.6 139.1 111.6
Restructuring charges and asset impairments .......... 242.6 40.7 85.5
Gain on debt extinguishment ..................... —(43.8) (9.4)
Interest income ............................... (9.4) (3.1) (9.2)
Interest expense ............................... 110.0 63.7 92.1
$8,172.5 $3,453.8 $4,133.0
Earnings from continuing operations before income
taxes ..................................... 237.1 283.3 293.2
Income taxes on continuing operations . . ............ 38.9 54.5 72.5
Earnings from continuing operations ................ $198.2 $228.8 $220.7
Less: Net earnings attributable to non-controlling
interests ................................... —2.0 1.7
Net earnings from continuing operations attributable to
Stanley Black & Decker, Inc ................... 198.2 226.8 219.0
Earnings (loss) from discontinued operations before
income taxes ............................... —(5.8) 132.8
Income taxes (benefit) on discontinued operations ...... —(3.3) 44.9
Net (loss) earnings from discontinued operations ....... $— $(2.5) $87.9
Net Earnings Attributable to Stanley Black & Decker,
Inc ...................................... $198.2 $224.3 $306.9
Basic earnings per share of common stock:
Continuing operations ......................... $1.34 $2.84 $2.77
Discontinued operations ....................... —(0.03) 1.11
Total basic earnings per share of common stock.... $1.34 $2.81 $3.88
Diluted earnings per share of common stock:
Continuing operations ......................... $1.32 $2.82 $2.74
Discontinued operations ....................... —(0.03) 1.10
Total diluted earnings per share of common stock . . $1.32 $2.79 $3.84
See Notes to Consolidated Financial Statements.
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