Graco 2009 Annual Report Download - page 21

Download and view the complete annual report

Please find page 21 of the 2009 Graco 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 86

  • 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

Newell Rubbermaid Inc. 2009 Annual Report
19
ACQUISITIONS OF BUSINESSES
2009, 2008 and 2007
Information regarding significant businesses acquired in the last three years is included in Footnote 2 of the Notes to Consolidated Financial Statements.
2006 and 2005
No significant acquisitions occurred during 2006. On November 23, 2005, the Company acquired Dymo, a global leader in designing, manufacturing and
marketing on-demand labeling solutions, from Esselte AB for $699.2 million. The transaction was accounted for using the purchase method of accounting
and was finalized in 2006, after consideration of certain working capital and other adjustments. The Company funded the acquisition with available cash
and borrowings from pre-existing credit facilities. The acquisition of Dymo strengthened the Company’s position in the Office Products segment by expanding
and enhancing the Company’s product lines and customer base.
QUARTERLY SUMMARIES
Summarized quarterly data for the last two years is as follows (in millions, except per share data) (unaudited):
Calendar Year 1st 2nd 3rd 4th Year
2009
Net sales $ 1,203.9 $ 1,504.3 $ 1,449.0 $ 1,420.4 $ 5,577.6
Gross margin 422.8 558.3 542.6 525.8 2,049.5
Net income 33.7 105.7 85.5 60.6 285.5
Net income noncontrolling interests — — — — —
Net income controlling interests $ 33.7 $ 105.7 $ 85.5 $ 60.6 $ 285.5
Earnings per share:
Basic $ 0.12 $ 0.38 $ 0.30 $ 0.22 $ 1.02
Diluted $ 0.12 $ 0.37 $ 0.28 $ 0.20 $ 0.97
2008 (1)
Net sales $ 1,433.7 $ 1,825.1 $ 1,760.3 $ 1,451.5 $ 6,470.6
Gross margin 490.5 623.2 574.7 434.8 2,123.2
Income (loss) from continuing operations 57.8 92.9 55.6 (256.1) (49.8)
Loss from discontinued operations (0.5) — — — (0.5)
Net income (loss) 57.3 92.9 55.6 (256.1) (50.3)
Net income noncontrolling interests 0.4 0.4 0.6 0.6 2.0
Net income (loss) controlling interests $ 56.9 $ 92.5 $ 55.0 $ (256.7) $ (52.3)
Earnings (loss) per share:
Basic:
Income (loss) from continuing operations $ 0.21 $ 0.33 $ 0.20 $ (0.92) $ (0.18)
Loss from discontinued operations — — — — —
Net income (loss) controlling interests $ 0.20 $ 0.33 $ 0.20 $ (0.92) $ (0.18)
Diluted:
Income (loss) from continuing operations $ 0.21 $ 0.33 $ 0.20 $ (0.92) $ (0.18)
Loss from discontinued operations — — — — —
Net income (loss) controlling interests $ 0.20 $ 0.33 $ 0.20 $ (0.92) $ (0.18)
(1) Certain statement of operations information for 2008 has been revised to present noncontrolling interests and earnings per share amounts in accordance with the provisions of relevant authoritative
accounting pronouncements adopted during 2009.