Black & Decker 2012 Annual Report Download - page 66

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52
Consolidated Statements of Operations
Fiscal years ended December 29, 2012, December 31, 2011, and January 1, 2011
(In Millions of Dollars, Except Per Share Amounts)
2012
2011
2010
Net Sales...................................................................................................
$
10,190.5
$
9,435.5
$
7,496.9
Costs and Expenses
Cost of sales……………………………………………………………..
$
6,485.9
$
5,967.3
$
4,806.6
Selling, general and administrative……………………………………...
2,509.1
2,365.8
1,993.5
Provision for doubtful accounts…………………………………………
11.3
15.1
10.5
Other-net………………………………………………………………...
301.9
255.7
184.9
Restructuring charges and asset impairments…………………………...
175.1
69.3
231.7
Loss on debt extinguishment…………………………………………….
45.5
—
—
Interest income…………………………………………………………..
(10.1)
(26.5)
(8.7)
Interest expense………………………………………………………….
144.2
140.4
109.8
$
9,662.9
$
8,787.1
$
7,328.3
Earnings from continuing operations before income taxes……………...
527.6
648.4
168.6
Income taxes on continuing operations………………………………….
78.9
50.1
18.0
Earnings from continuing operations……………………………………
$
448.7
$
598.3
$
150.6
Less: Net loss attributable to non-controlling interests………………….
(0.8)
(0.1)
—
Net earnings from continuing operations attributable to common
shareowners……………………………………………………………...
449.5
598.4
150.6
Earnings from discontinued operations before income
taxes (including
pretax gain on HHI sale of $384.7 million in 2012)…………………….
503.5
114.9
68.4
Income taxes on discontinued operations (including income taxes
associated with the gain on HHI sale of $25.8 million in 2012)………...
69.2
38.7
20.8
Net earnings from discontinued operations……………………………..
$
434.3
$
76.2
$
47.6
Net Earnings Attributable to Common Shareowners……………….
$
883.8
$
674.6
$
198.2
Basic earnings per share of common stock:
Continuing operations……………………………………………...
$
2.75
$
3.60
$
1.02
Discontinued operations…………………………………………...
2.66
0.46
0.32
Total basic earnings per share of common stock……………...
$
5.41
$
4.06
$
1.34
Diluted earnings per share of common stock:
Continuing operations……………………………………………...
$
2.70
$
3.52
$
1.00
Discontinued operations…………………………………………...
2.61
0.45
0.32
Total diluted earnings per share of common stock……………
$
5.30
$
3.97
$
1.32
See Notes to Consolidated Financial Statements.