Sunbeam 2006 Annual Report Download - page 86

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Condensed Consolidating Statements of Income
Year Ended December 31,2006
Guarantor Non-Guarantor
(in millions) Parent Subsidiaries Subsidiaries Eliminations Consolidated
Net sales $ .—$2,918.4$1,114.7$(186.8)$3,846.3
Costs and expenses 64.42,656.81,011.3(186.8)3,545.7
Operating (loss) earnings (64.4)261.6 103.4—300.6
Other expense, net 41.5 112.640.5—194.6
Equity in the income of subsidiaries 211.963.7—(275.6)—
Net income $ 106.0$212.7$62.9$(275.6)$106.0
Year Ended December 31,2005
Guarantor Non-Guarantor
Parent Subsidiaries Subsidiaries Eliminations Consolidated
Net sales $ .—$2,668.9$942.8$(422.6)$3,189.1
Costs and expenses 113.42,438.8 873.5(422.6)3,003.1
Operating (loss) earnings (113.4)230.169.3—186.0
Other expense, net 79.021.924.4—125.3
Equity in the income of subsidiaries 253.148.2—(301.3)—
Net income $ 60.7$256.4$44.9$(301.3)$60.7
Condensed Consolidating Balance Sheets:
As of December 31,2006
Guarantor Non-Guarantor
(in millions) Parent Subsidiaries Subsidiaries Eliminations Consolidated
Assets
Current assets $ 140.6$725.7$698.2$ (0.8) $1,563.7
Investment in subsidiaries 2,900.0 369.9—(3,269.9)—
Non-current assets 99.92,565.4 130.6(477.0)2,318.9
Total assets $3,140.5$3,661.0$828.8$(3,747.7)$3,882.6
Liabilities and stockholders’ equity
Current liabilities $ 78.0$439.4$206.7$— $724.1
Non-current liabilities 1,805.1 341.8 232.0(477.8)1,901.1
Stockholders’ equity 1,257.4 2,879.8390.1(3,269.9)1,257.4
Total liabilities and stockholders’ equity $3,140.5$3,661.0$828.8$(3,747.7) $3,882.6
As of December 31,2005
Guarantor Non-Guarantor
Parent Subsidiaries Subsidiaries Eliminations Consolidated
Assets
Current assets $ 226.0$958.0$303.9$(23.5)$1,464.4
Investment in subsidiaries 2,762.4104.1— (2,866.5) —
Non-current assets 32.82,387.0 245.9(605.5)2,060.2
Total assets $3,021.2$3,449.1$549.8$(3,495.5) $3,524.6
Notes to Consolidated Financial Statements
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