Sunbeam 2006 Annual Report Download - page 45

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43
Consolidated Statements of Income
Jarden Corporation 2006 Annual Report
Years Ended December 31,
(in millions, except per share data) 2006 2005 2004
Net sales $3,846.3$3,189.1$838.6
Cost of sales 2,904.02,402.3 563.2
Selling, general and administrative expenses
(including non-cash compensation of $23, $62.4and $32.2
for the years ended December 31,2006,2005 and 2004, respectively) 604.9 571.7 179.4
Reorganization and acquisition-related integration costs, net 36.829.1.—
Operating earnings 300.6 186.096.0
Interest expense, net 112.684.227.6
Loss on early extinguishment of debt .—6.1.—
Income before taxes 188.095.768.4
Income tax provision 82.0 35.0 26.0
Net income 106.0 60.7 42.4
Paid-in-kind dividends on Series B and C preferred stock .—(9.7).—
Charges from beneficial conversions of Series B and C preferred stock .— (38.9).—
Income available to common stockholders $ 106.0$12.1$42.4
Earnings per share:
Basic $ 1.62 $0.23 $1.03
Diluted $ 1.59 $0.22 $0.99
Weighted average shares outstanding:
Basic 65.4 52.9 41.0
Diluted 66.554.742.7
The accompanying notes are an integral part of the consolidated financial statements.