DuPont 2012 Annual Report Download - page 98

Download and view the complete annual report

Please find page 98 of the 2012 DuPont annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136



(Dollars in millions, except per share)

 
  

Net sales $10,180
$9,917 $ 7,390
$7,325
Cost of goods sold and other expenses 18,285 3 8,581 3,4 7,394 3,6,7 7,471 3,6,7
Income (loss) from continuing operations before
income taxes 1,795
1,510 5 (174)
(16) 8
Net income 1,500
1,188
13
112
Basic earnings (loss) per share of common stock from continuing
operations21.49
1.18 (0.05)
0.02
Diluted earnings (loss) per share of common stock from continuing
operations21.47
1.17 (0.05)
0.02

Net sales $ 9,041
$9,159 $ 8,138
$7,343
Cost of goods sold and other expenses 17,382
7,815 9 7,736 10,11,12 7,262 12,13
Income from continuing operations before income taxes 1,580
1,447
451
303 14
Net income 1,444
1,229
460
377 14
Basic earnings per share of common stock from continuing operations 21.45
1.20 0.39
0.31
Diluted earnings per share of common stock from continuing
operations21.43
1.18 0.39
0.31
1. Represents total expenses less interest expense.
2. Earnings per share for the year may not equal the sum of quarterly earnings per share due to changes in average share calculations.
3. First quarter, second quarter, third quarter, and fourth quarter 2012 included charges of $(50), $(265), $(125), and $(135), respectively, recorded in cost of goods sold and other
operating charges associated with the company's process to fairly resolve claims related to the use of Imprelis ®. See description in Note 16 for further details.
4. Second quarter 2012 included a $(137) charge recorded in costs of goods sold and other operating charges primarily related to the company's settlement of litigation with INVISTA.
See description in Note 16 for further details.
5. Second quarter 2012 included a a pre-tax gain of $122 recorded in other income, net associated with the sale of an equity method investment in the Electronics & Communications
segment.
6. Third quarter 2012 included a $(152) restructuring charge recorded in employee separation / asset related charges, net related to the 2012 restructuring program. Fourth quarter
2012 included a net $(66) charge recorded in employee separation / asset related charges, net related to costs associated with the 2012 restructuring program partially offset by a
reversal of prior years restructuring accruals. See description in Note 3 for further details.
7. Third and fourth quarter 2012 included asset impairment charges of $(242) and $(33), respectively, recorded in employee separation / asset related charges, net related to certain
asset groupings. See descriptions in Note 3 for further details.
8. Fourth quarter 2012 included a pre-tax gain of $117 recorded in other income, net associated with the sale of a business within the Agriculture segment.
9. Second quarter 2011 included charges related to the businesses acquired from Danisco of $(103), recorded in cost of goods sold and other operating charges, including $(60) of
transaction costs and a $(43) charge related to the fair value step-up of inventories that were acquired from Danisco.
10. Third quarter 2011 included charges related to the businesses acquired from Danisco of $(171). These charges included $(3) of transaction costs and a $(132) charge related to the
fair value step-up of inventories that were acquired from Danisco, both recorded in cost of goods sold and other operating charges. These charges also included a $(36) restructuring
charge recorded in employee separation / asset related charges, net related to severance and related benefit costs.
11. Third quarter 2011 included a $(50) charge recorded in research and development expense in connection with a milestone payment associated with a Pioneer licensing agreement.
12. Third and fourth quarter 2011 included charges of $(75) and $(100), respectively, recorded in costs of goods sold and other operating charges associated with the company's process
to fairly resolve claims related to the use of Imprelis ®. See description in Note 16 for further details.
13. Fourth quarter 2011 included a $(17) restructuring charge recorded in employee separation / asset related charges, net related to severance and related benefit costs associated with
the Danisco acquisition, partially offset by a reversal of prior year restructuring accruals.
14. Fourth quarter 2011 included a pre-tax gain of $49 recorded in other income, net associated with the sale of a business in the Performance Materials segment and a related tax
benefit of $73.
F-50