Rayovac 2011 Annual Report Download - page 70
Download and view the complete annual report
Please find page 70 of the 2011 Rayovac 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.-
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
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
 |
 |
Below are reconciliations of GAAP Net Income (Loss) from Continuing Operations to Adjusted EBIT and
Adjusted EBITDA by segment and for Consolidated SB Holdings for Fiscal 2010 and Fiscal 2009:
Fiscal 2010
Global
Batteries &
Appliances
Global Pet
Supplies
Home and
Garden
Business
Corporate /
Unallocated
Items(a)
Consolidated
SB Holdings
(in millions)
Net income (loss) ........................... $143 $ 51 $ 40 $(424) $(190)
Loss from discontinued operations, net of
tax ................................. — — 3 — 3
Income tax expense ...................... — — — 63 63
Interest expense ........................ — — — 195 195
Write-off unamortized discounts and financing
fees(b) .............................. — — — 82 82
Pre-acquisition earnings .................. 61 4 1 — 66
Restructuring and related charges ........... 4 7 8 5 24
Acquisition and integration related charges . . . 15 — — 24 39
Reorganization items .................... — — — 3 3
Accelerated depreciation and
amortization(c) ....................... — — (1) (2) (3)
Fresh-start inventory fair value adjustment . . . 18 14 2 — 34
Russell Hobbs inventory fair value
adjustment ........................... 3 — — — 3
Brazilian IPI credit/other ................. (5) — — — (5)
Adjusted EBIT ............................. $239 $ 76 $ 53 $ (54) $ 314
Depreciation and amortization(d) ........... 58 28 15 17 118
Adjusted EBITDA .......................... $297 $104 $ 68 $ (37) $ 432
Fiscal 2009
Global
Batteries &
Appliances
Global Pet
Supplies
Home and
Garden
Business
Corporate /
Unallocated
Items(a)
Consolidated
SB Holdings
(in millions)
Net income (loss) ........................... $132 $ 42 $ (51) $ 820 $ 943
Loss from discontinued operations, net of
tax ................................. — — 87 — 87
Income tax expense ...................... — — — 74 74
Interest expense ........................ — — — 190 190
Pre-acquisition earnings .................. 75 3 3 — 81
Restructuring and related charges ........... 21 6 6 13 46
Reorganization items .................... — — — (1,139) (1,139)
Intangibles impairment ................... 15 19 — — 34
Fresh-start inventory and other fair value
adjustment ........................... 10 5 1 1 17
Accelerated depreciation and
amortization(c) ....................... (3) — (1) — (4)
Brazilian IPI credit/other ................. (5) — — — (5)
Adjusted EBIT ............................. $245 $ 75 $ 45 $ (41) $ 324
Depreciation and amortization(d) ........... 29 22 13 3 67
Adjusted EBITDA .......................... $274 $ 97 $ 58 $ (38) $ 391
60