E-Z-GO 2013 Annual Report Download - page 56

Download and view the complete annual report

Please find page 56 of the 2013 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 102

  • 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

43 Textron Inc. Annual Report • 2013
Consolidated Statements of Operations
For each of the years in the three-year period ended December 28, 2013
(In millions, except per share data) 2013 2012 2011
Revenues
Manufacturing revenues $ 11,972 $ 12,022 $ 11,172
Finance revenues 132 215 103
Total revenues 12,104 12,237 11,275
Costs, expenses and other
Cost of sales 10,131 10,019 9,308
Selling and administrative expense 1,126 1,165 1,195
Interest expense 173 212 246
Valuation allowance on transfer of Golf Mortgage portfolio to held for sale — — 186
Other losses, net — — 3
Total costs, expenses and other 11,430 11,396 10,938
Income from continuing operations before income taxes 674 841 337
Income tax expense 176 260 95
Income from continuing operations 498 581 242
Income from discontinued operations, net of income taxes — 8 —
Net income $ 498 $ 589 $ 242
Basic earnings per share
Continuing operations $ 1.78 $ 2.07 $ 0.87
Discontinued operations — 0.03 —
Basic earnings per share $ 1.78 $ 2.10 $ 0.87
Diluted earnings per share
Continuing operations $ 1.75 $ 1.97 $ 0.79
Discontinued operations — 0.03 —
Diluted earnings per share $ 1.75 $ 2.00 $ 0.79
See Notes to the Consolidated Financial Statements.