Rayovac 2003 Annual Report Download - page 56

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The reportable segment assets do not include cash, deferred tax benefits, investments, long-term intercompany receivables, most
deferred charges, and miscellaneous assets. All capital expenditures are related to reportable segments. Variable allocations of assets
are not made for segment reporting.
Net sales from external customers 2001 2002 2003
Europe/ROW $ 48,719 $ 52,459 $ 421,143
North America 448,788 435,600 375,957
Latin America 118,665 84,677 125,022
Total segments $616,172 $572,736 $ 922,122
Inter segment net sales 2001 2002 2003
Europe/ROW $ 2,593 $ 2,504 $ 29,571
North America 30,634 34,069 32,298
Latin America 9,518 5,556 54
Total segments $ 42,745 $ 42,129 $ 61,923
Depreciation and amortization 2001 2002 2003
Europe/ROW $ 1,573 $ 715 $ 13,531
North America 14,174 15,407 15,464
Latin America 5,393 2,879 2,576
Total segments $ 21,140 $ 19,001 $ 31,571
Segment profit 2001 2002 2003
Europe/ROW $ 4,061 $ 5,087 $ 49,727
North America 80,774 85,490 64,829
Latin America 16,913 5,330 17,673
Total segments 101,748 95,907 132,229
Corporate expenses 25,072 31,676 40,035
Restructuring and related charges 22,307 1,210 32,552
Interest expense 27,189 16,048 37,182
Non-operating expense 8,587 —3,072
Other expense (income), net 1,094 1,290 (3,647)
Income before income taxes $ 17,499 $ 45,683 $ 23,035
September 30,
Segment assets 2001 2002 2003
Europe/ROW $ 30,010 $ 31,356 $ 537,400
North America 289,215 256,446 625,463
Latin America 205,918 191,002 203,909
Total segments 525,143 478,804 1,366,772
Corporate 41,356 54,429 209,720
Total assets at year end $566,499 $533,233 $1,576,492
Expenditures for segment assets 2001 2002 2003
Europe/ROW $ 411 $ 969 $ 9,494
North America 17,521 13,158 14,607
Latin America 1,761 1,514 2,024
Total segments $ 19,693 $ 15,641 $ 26,125
Notes to Consolidated Financial Statements
Rayovac Corporation and Subsidiaries
(In thousands, except per share amounts)
Page 52/53