Rayovac 2015 Annual Report Download - page 103
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SB/RH HOLDINGS, LLC
Consolidated Statements of Operations
Years ended September 30, 2015, 2014 and 2013
(In millions, except per share figures)
2015 2014 2013
Net sales ........................................................ $4,690.4 $4,429.1 $4,085.6
Cost of goods sold ................................................. 3,018.0 2,856.5 2,685.3
Restructuring and related charges ..................................... 2.1 3.7 10.0
Gross profit .................................................. 1,670.3 1,568.9 1,390.3
Operating expenses:
Selling .......................................................... 720.7 678.2 637.0
General and administrative .......................................... 332.4 319.0 284.7
Research and development .......................................... 51.3 47.9 43.3
Acquisition and integration related charges ............................. 58.8 20.1 48.4
Restructuring and related charges ..................................... 26.6 19.2 24.0
Total operating expenses ........................................ 1,189.8 1,084.4 1,037.4
Operating income ................................................. 480.5 484.5 352.9
Interest expense ................................................... 271.9 202.1 369.5
Other non-operating expense, net ..................................... 8.9 6.3 3.5
Income (loss) from operations before income taxes ....................... 199.7 276.1 (20.1)
Income tax expense ................................................ 43.9 59.0 27.4
Net income (loss) ................................................. 155.8 217.1 (47.5)
Net income (loss) attributable to non-controlling interest .................. 0.4 0.3 (0.1)
Net income (loss) attributable to controlling interest ...................... $ 155.4 $ 216.8 $ (47.4)
See accompanying notes to the consolidated financial statements
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