E-Z-GO 2014 Annual Report Download - page 47

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Consolidated Statements of Operations
For each of the years in the three-year period ended January 3, 2015
(In millions, except per share data)
2014
2013
2012
Revenues
Manufacturing revenues
$ 13,775
$ 11,972
$ 12,022
Finance revenues
103
132
215
Total revenues
13,878
12,104
12,237
Costs and expenses
Cost of sales
11,421
10,131
10,019
Selling and administrative expense
1,361
1,126
1,165
Interest expense
191
173
212
Acquisition and restructuring costs
52
—
—
Total costs and expenses
13,025
11,430
11,396
Income from continuing operations before income taxes
853
674
841
Income tax expense
248
176
260
Income from continuing operations
605
498
581
Income (loss) from discontinued operations, net of income taxes
(5)
—
8
Net income
$ 600
$ 498
$ 589
Basic earnings per share
Continuing operations
$ 2.17
$ 1.78
$ 2.07
Discontinued operations
(0.02)
—
0.03
Basic earnings per share
$ 2.15
$ 1.78
$ 2.10
Diluted earnings per share
Continuing operations
$ 2.15
$ 1.75
$ 1.97
Discontinued operations
(0.02)
—
0.03
Diluted earnings per share
$ 2.13
$ 1.75
$ 2.00
See Notes to the Consolidated Financial Statements.
41 Textron Inc. Annual Report • 2014