Rayovac 2008 Annual Report Download - page 181

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Table of Contents
Index to Financial Statements
Consolidating Statement of Operations
Year Ended September 30, 2008
Parent
Guarantor
Subsidiaries
Nonguarantor
Subsidiaries Eliminations
Consolidated
Total
Net sales $ 357,187 $ 1,265,032 $ 1,147,672 $ (81,881) $ 2,688,010
Cost of goods sold 198,072 928,923 659,928 (84,008) 1,702,915
Restructuring and related charges 5 340 16,154 — 16,499
Gross profit 159,110 335,769 471,590 2,127 968,596
Operating expenses:
Selling 78,516 217,785 269,746 251 566,298
General and administrative 80,153 54,378 64,127 — 198,658
Research and development 14,220 6,150 5,207 — 25,577
Restructuring and related charges 9,236 6,471 7,131 — 22,838
Goodwill and intangibles impairment 8,100 488,685 370,149 — 866,934
190,225 773,469 716,360 251 1,680,305
Operating loss (31,115) (437,700) (244,770) 1,876 (711,709)
Interest expense 182,158 22,864 24,116 (125) 229,013
Other expense (income), net 764,954 206,361 (4,839) (965,256) 1,220
Loss from continuing operations before income taxes (978,227) (666,925) (264,047) 967,257 (941,942)
Income tax expense (benefit) 155,955 (125,532) (42,799) 734 (11,642)
Loss from continuing operations (1,134,182) (541,393) (221,248) 966,523 (930,300)
(Loss) income from discontinued operations, net of tax (34) (1,215) 4 — (1,245)
Net loss $ (1,134,216) $ (542,608) $ (221,244) $ 966,523 $ (931,545)
176
Source: Spectrum Brands, Inc, 10-K, December 10, 2008