Sunbeam 2003 Annual Report Download - page 14

Download and view the complete annual report

Please find page 14 of the 2003 Sunbeam 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.

Page out of 66

  • 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

Jarden Corporation
Selected Financial Data (continued)
Reconciliations of non-GAAP Measures For the year ended December 31,
2003 2002 2001 2000 1999
(dollars in thousands, except per share data)
Net income (loss) .............................. $31,778 $36,309 $(85,429) $ 4,922 $29,192
Add back: non-cash restricted stock charge, net of
related tax benefit of $8,559 ................... 13,274 — — — —
Less: net release of tax valuation allowance ......... — (4,395)———
Net income (loss), excluding non-cash restricted
stock charge and related tax benefit and net
release of tax valuation allowance ............... $45,052 $31,914 $(85,429) $ 4,922 $29,192
Diluted earnings per share, excluding non-cash
restricted stock charge and related tax benefit and
net release of tax valuation allowance ........... $ 1.91 $ 1.48 $ (4.47) $ 0.26 $ 1.42
Income (loss) from continuing operations ......... $31,778 $36,309 $(85,429) $ 4,922 $29,279
Interest expense, net ........................... 19,184 12,611 11,791 11,917 8,395
Income tax provision (benefit) ................... 20,488 16,189 (40,443) 2,402 18,823
Depreciation and amortization ................... 15,045 10,001 18,797 21,311 17,697
EBITDA ...................................... $86,495 $75,110 $(95,284) $40,552 $74,194
Quarterly Stock Prices
The table below sets forth the high and low sales prices of the Company’s common stock as
reported on the New York Stock Exchange for the periods indicated. All prices have been adjusted to
reflect the 3-for-2 stock split that occurred during the fourth quarter of 2003:
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
2003
High ....................................... $18.83 $21.79 $26.84 $28.79
Low ....................................... $14.57 $16.97 $17.67 $23.38
2002
High ....................................... $10.00 $13.31 $18.31 $18.47
Low ....................................... $ 5.05 $ 8.83 $12.23 $13.33
page 12