Black & Decker 2012 Annual Report Download - page 115

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101
Stanley Black & Decker, Inc.
Condensed Consolidating Statement of Operations and Comprehensive Income
(Unaudited, Millions of Dollars)
Year Ended December 29, 2012
Parent
Stanley Black
& Decker, Inc.
The Black &
Decker
Corporation
Non-Guarantor
Subsidiaries
Eliminations
Consolidated
NET SALES……………………………….
$
1,396.2
$
—
$
9,163.2
$
(368.9)
$
10,190.5
COSTS AND EXPENSES
Cost of sales………………………………...
972.5
—
5,812.3
(298.9)
6,485.9
Selling, general and administrative………...
696.7
19.6
1,874.1
(70.0)
2,520.4
Other-net……………………………………
(50.5)
(100.2)
452.6
—
301.9
Restructuring charges and asset impairments
3.4
—
171.7
—
175.1
Loss on debt extinguishment……………….
9.2
36.3
—
—
45.5
Interest expense, net………………………..
93.1
38.7
2.3
—
134.1
1,724.4
(5.6)
8,313.0
(368.9)
9,662.9
(Loss) earnings from continuing operations
before income taxes (benefit) and equity in
earnings of subsidiaries…………………….
(328.2)
5.6
850.2
—
527.6
Income taxes (benefit) on continuing
operations before equity in earnings of
subsidiaries…………………………………
(105.9)
2.8
182.0
—
78.9
Equity in earnings of subsidiaries………….
671.8
567.3
—
(1,239.1)
—
Earnings from continuing operations………
449.5
570.1
668.2
(1,239.1)
448.7
Less: Net (loss) attributable to non-
controlling interests………………………...
—
—
(0.8)
—
(0.8)
Net earnings from continuing operations
attributable to common shareowners………
449.5
570.1
669.0
(1,239.1)
449.5
Net earnings from discontinued operations..
434.3
458.7
460.4
(919.1)
434.3
NET EARNINGS ATTRIBUTABLE TO
COMMON SHAREOWNERS…………...
$
883.8
$
1,028.8
$
1,129.4
$
(2,158.2)
$
883.8
Total Comprehensive Income
Attributable to Common Shareowners….
$
845.0
$
570.0
$
1,163.7
$
(1,733.7)
$
845.0