Rayovac 2003 Annual Report Download - page 17

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The following selected historical financial data is derived from our audited consolidated financial statements. Only the most recent
three fiscal years’ audited statements are included elsewhere in this Annual Report. The following selected financial data should be
read in conjunction with our consolidated financial statements and notes thereto and the information contained in “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” included elsewhere herein.
Fiscal Year Ended September 30,
(In millions, except per share data) 1999 (4) 2000 2001 (5) 2002 (6) 2003 (7) (8)
Statement of Operations Data:
Net sales (1) $504.2 $630.9 $616.2 $572.7 $ 922.1
Gross profit (1) 198.2 259.4 232.9 237.4 351.5
Income from operations (2) 53.6 89.3 54.4 63.0 59.6
Income before income taxes (3) 37.6 58.0 17.5 45.7 23.0
Net income 24.1 38.4 11.5 29.2 15.5
Restructuring and related charges—cost of goods sold $ 1.3 $ — $ 22.1 $ 1.2 $ 21.1
Restructuring and related charges—operating expenses 8.1 — 0.2 — 11.5
Non-operating expense (3) ——8.6 — 3.1
Interest expense $ 16.3 $ 30.6 $ 27.2 $ 16.0 $ 37.2
Per Share Data:
Net income per common share:
Basic $ 0.88 $ 1.39 $ 0.40 $ 0.92 $ 0.49
Diluted 0.83 1.32 0.39 0.90 0.48
Average shares outstanding:
Basic 27.5 27.5 28.7 31.8 31.8
Diluted 29.2 29.1 29.7 32.4 32.6
Cash Flow and Related Data:
Net cash provided by operating activities $ 13.3 $ 32.8 $ 18.0 $ 66.8 $ 76.2
Capital expenditures 24.1 19.0 19.7 15.6 26.1
Depreciation and amortization (excluding amortization of
debt issuance costs) (2) 13.5 20.0 21.1 19.0 31.6
Balance Sheet Data (at period end):
Cash and cash equivalents $ 11.1 $ 9.8 $ 11.4 $ 9.9 $ 107.8
Working capital (9) 104.4 104.7 158.5 140.5 269.8
Total assets (1) 513.1 549.6 566.5 533.2 1,576.5
Total long-term debt, net of current maturities 307.4 272.8 233.5 188.5 870.5
Total debt 330.3 317.6 258.0 201.9 943.4
Total shareholders’ equity 46.5 80.7 157.6 174.8 202.0
Selected Financial Data
Rayovac Corporation and Subsidiaries