E-Z-GO 2011 Annual Report Download - page 56

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Consolidated Statements of Operations
For each of the years in the three-year period ended December 31, 2011
(In millions, except per share data)
2011
2010
2009
Revenues
Manufacturing revenues
$ 11,172
$ 10,307
$ 10,139
Finance revenues
103
218
361
Total revenues
11,275
10,525
10,500
Costs, expenses and other
Cost of sales
9,308
8,605
8,468
Selling and administrative expense
1,183
1,231
1,338
Interest expense
246
270
309
Provision for losses on finance receivables
12
143
267
Valuation allowance on transfer of Golf Mortgage portfolio to held for sale
186
—
—
Special charges
—
190
317
Other losses (gains), net
3
—
(50)
Total costs, expenses and other
10,938
10,439
10,649
Income (loss) from continuing operations before income taxes
337
86
(149)
Income tax expense (benefit)
95
(6)
(76)
Income (loss) from continuing operations
242
92
(73)
Income (loss) from discontinued operations, net of income taxes
—
(6)
42
Net income (loss)
$ 242
$ 86
$ (31)
Basic earnings per share
Continuing operations
$ 0.87
$ 0.33
$ (0.28)
Discontinued operations
—
(0.02)
0.16
Basic earnings per share
$ 0.87
$ 0.31
$ (0.12)
Diluted earnings per share
Continuing operations
$ 0.79
$ 0.30
$ (0.28)
Discontinued operations
—
(0.02)
0.16
Diluted earnings per share
$ 0.79
$ 0.28
$ (0.12)
See Notes to the Consolidated Financial Statements.
45
Textron Inc. Annual Report • 2011 45