Cemex 2012 Annual Report Download - page 38

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38
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Years ended December 31,
Note 2012 2011 2010
Net sales 3 $ 197,036 189,887 177,641
Cost of sales 2R (138,711) (136,167) (127,845)
Gross profit 58,325 53,720 49,796
Administrative and selling expenses (23,545) (25,486) (25,818)
Distribution expenses (17,580) (16,170) (13,242)
2R (41,125) (41,656) (39,060)
Operating earnings before other expenses, net 1 17,200 12,064 10,736
Other expenses, net 6 (5,692) (5,449) (6,335)
Operating earnings 2 11,508 6,615 4,401
Financial expense 16 (18,335) (16,627) (14,753)
Other financial (expense) income, net 7 977 (2,214) (523)
Equity in gain (loss) of associates 13A 728 (334) (487)
Loss before income tax (5,122) (12,560) (11,362)
Income tax 19 (6,097) (12,207) (2,074)
Consolidated net loss (11,219) (24,767) (13,436)
Non-controlling interest net income 662 21 46
Controlling interest net loss $ (11,881) (24,788) (13,482)
Basic loss per share 22 $ (0.35) (0.74) (0.39)
Diluted loss per share 22 $ (0.35) (0.74) (0.39)
1 The line item “Operating earnings before other expenses, net” was titled by CEMEX in prior years as “Operating income” (note 2A).
2 The line item “Operating earnings” was titled by CEMEX in prior years as “Operating income after other expenses, net” (note 2A).
Consolidated
statements of
operations
CEMEX, S.A.B. de C.V. and subsidiaries
(Millions of Mexican pesos, except for
loss per share)
The accompanying notes are part of these consolidated
financial statements.