E-Z-GO 2010 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2010 E-Z-GO 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 106

  • 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

41
Consolidated Statements of Operations
For each of the years in the three-year period ended January 1, 2011
(In millions, except per share data)
2010
2009
2008
Revenues
Manufacturing revenues
$ 10,307
$ 10,139
$ 13,287
Finance revenues
218
361
723
Total revenues
10,525
10,500
14,010
Costs, expenses and other
Cost of sales
8,605
8,468
10,583
Selling and administrative expense
1,231
1,338
1,590
Special charges
190
317
526
Provision for losses on finance receivables
143
267
234
Interest expense
270
309
448
Gain on sale of assets
—
(50)
—
Total costs, expenses and other
10,439
10,649
13,381
Income (loss) from continuing operations before income taxes
86
(149)
629
Income tax expense (benefit)
(6)
(76)
305
Income (loss) from continuing operations
92
(73)
324
Income (loss) from discontinued operations, net of income taxes
(6)
42
162
Net income (loss)
$ 86
$ (31)
$ 486
Basic earnings per share
Continuing operations
$ 0.33
$ (0.28)
$ 1.32
Discontinued operations
(0.02)
0.16
0.65
Basic earnings per share
$ 0.31
$ (0.12)
$ 1.97
Diluted earnings per share
Continuing operations
$ 0.30
$ (0.28)
$ 1.29
Discontinued operations
(0.02)
0.16
0.65
Diluted earnings per share
$ 0.28
$ (0.12)
$ 1.94
See Notes to the Consolidated Financial Statements.