Black & Decker 2014 Annual Report Download - page 67

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53
Consolidated Statements of Operations
Fiscal years ended January 3, 2015, December 28, 2013, and December 29, 2012
(In Millions of Dollars, Except Per Share Amounts)
2014 2013 2012
Net Sales ................................................................................................. $ 11,338.6 $ 10,889.5 $ 10,022.4
Costs and Expenses................................................................................
Cost of sales............................................................................................. $ 7,235.9 $ 6,985.8 $ 6,365.1
Selling, general and administrative ......................................................... 2,575.0 2,676.4 2,462.5
Provision for doubtful accounts............................................................... 20.9 14.2 11.9
Other-net.................................................................................................. 239.7 283.9 296.3
Restructuring charges and asset impairments.......................................... 18.8 173.7 174.1
(Gain) loss on debt extinguishment......................................................... (0.1)20.6 45.5
Interest income ........................................................................................ (13.6)(12.8)(10.1)
Interest expense ....................................................................................... 177.2 160.1 144.0
$ 10,253.8 $ 10,301.9 $ 9,489.3
Earnings from continuing operations before income taxes ..................... 1,084.8 587.6 533.1
Income taxes on continuing operations ................................................... 227.1 68.6 75.8
Earnings from continuing operations ...................................................... $ 857.7 $ 519.0 $ 457.3
Less: Net earnings (loss) attributable to non-controlling interests.......... 0.5 (1.0)(0.8)
Net earnings from continuing operations attributable to common
shareowners ............................................................................................. $ 857.2 $ 520.0 $ 458.1
(Loss) earnings from discontinued operations before income taxes
(including pretax gain on HHI sale of $384.7 million in 2012) .............. (104.0)(43.0) 497.9
Income tax (benefit) expense on discontinued operations (including
income taxes associated with the gain on HHI sale of $25.8 million in
2012)........................................................................................................ (7.7)(13.3) 72.2
Net (loss) earnings from discontinued operations ................................... $(96.3)$(29.7) $ 425.7
Net Earnings Attributable to Common Shareowners........................ $ 760.9 $ 490.3 $ 883.8
Basic earnings (loss) per share of common stock: ..................................
Continuing operations ...................................................................... $ 5.49 $ 3.35 $ 2.81
Discontinued operations................................................................... (0.62)(0.19) 2.61
Total basic earnings per share of common stock ...................... $ 4.87 $ 3.16 $ 5.41
Diluted earnings (loss) per share of common stock: ...............................
Continuing operations ...................................................................... $ 5.37 $ 3.28 $ 2.75
Discontinued operations................................................................... (0.60)(0.19) 2.55
Total diluted earnings per share of common stock.................... $ 4.76 $ 3.09 $ 5.30
See Notes to Consolidated Financial Statements.