Emerson 2010 Annual Report Download - page 56

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54
Other liabilities are summarized as follows:
2009 2010
Deferred income taxes $ 406 762
Pension plans 613 612
Postretirement plans, excluding current portion 460 380
Other 624 702
Total $2,103 2,456
Other operating cash flow is comprised of the following:
2008 2009 2010
Pension expense $105 94 132
Stock compensation expense 82 54 217
(Gain)/Loss on sale of businesses, net of tax 50 – (167)
Other 20 123 15
Total $257 271 197
(18) Quarterly Financial Information (Unaudited)
first second third fourth full
Quarter Quarter Quarter Quarter year
2009 2010 2009 2010 2009 2010 2009 2010 2009 2010
Net sales $5,206 4,828 4,882 4,953 4,884 5,417 5,130 5,841 20,102 21,039
Gross profit $1,958 1,868 1,804 1,963 1,802 2,164 1,996 2,331 7,560 8,326
Earnings from continuing opera-
tions common stockholders
$ 456 417 372 408 383 581 504 572 1,715 1,978
Net earnings
common stockholders $ 458 425 373 405 387 585 506 749 1,724 2,164
Earnings per common share
from continuing operations:
Basic $ 0.60 0.55 0.49 0.54 0.51 0.77 0.67 0.76 2.27 2.62
Diluted $ 0.59 0.55 0.49 0.54 0.51 0.76 0.67 0.75 2.26 2.60
Net earnings
per common share:
Basic $ 0.60 0.56 0.50 0.54 0.52 0.78 0.67 0.99 2.29 2.87
Diluted $ 0.60 0.56 0.49 0.53 0.51 0.77 0.67 0.98 2.27 2.84
Dividends per common share $ 0.33 0.335 0.33 0.335 0.33 0.335 0.33 0.335 1.32 1.34
Common stock prices:
High $39.19 43.71 39.10 51.10 37.35 53.73 41.24 53.82 41.24 53.82
Low $29.98 37.45 24.87 41.22 29.53 42.69 30.63 42.73 24.87 37.45
Earnings per share are computed independently each period; as a result, the quarterly amounts may not sum to the
calculated annual figure. Certain prior year amounts have been reclassified to conform to the current year presenta-
tion, including operating results which have been reclassified as discontinued operations. See Note 3.
Emerson Electric Co. common stock (symbol EMR) is listed on the New York Stock Exchange and the Chicago
Stock Exchange.