Sunbeam 2007 Annual Report Download - page 114

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Net sales, operating earnings, depreciation and amortization, and assets employed in operations by segment
are summarized as follows (in millions):
Branded
Consumables
Consumer
Solutions
Outdoor
Solutions
Process
Solutions
Intercompany
Eliminations
Total
Operating
Segments
Corporate/
Unallocated Consolidated
Year ended December 31, 2007
Net sales .................. $ 806.2 $1,869.2 $1,698.6 $353.6 $(67.5) $4,660.1 $ — $4,660.1
Segment earnings (loss) ...... 100.4 271.1 210.1 35.0 — 616.6 (51.1) 565.5
Adjustments to reconcile to
reported operating earnings
(loss):
Fair value adjustment to
inventory ............ — — (115.8) (3.1) — (118.9) — (118.9)
Reorganization costs ..... (14.7) (17.0) (9.7) (2.8) — (44.2) (5.4) (49.6)
Other integration-related
costs ................ (0.9) (1.1) (1.4) (1.2) — (4.6) — (4.6)
Stock-based
compensation ......... — — — — — — (64.0) (64.0)
Depreciation and
amortization .......... (18.1) (26.9) (39.4) (10.3) — (94.7) (1.7) (96.4)
Operating earnings
(loss) ............... $ 66.7 $ 226.1 $ 43.8 $ 17.6 $ — $ 354.2 $(122.2) $ 232.0
Other segment data:
Total assets ............ $1,044.9 $1,842.1 $2,759.8 $173.6 $ — $5,820.4 $ 47.7 $5,868.1
Capital expenditures ..... 13.1 21.9 30.5 10.6 76.1 5.1 81.2
Branded
Consumables
Consumer
Solutions
Outdoor
Solutions
Process
Solutions
Intercompany
Eliminations
Total
Operating
Segments
Corporate/
Unallocated Consolidated
Year ended December 31, 2006
Net sales .................. $ 812.0 $1,892.2 $ 901.0 $309.4 $(68.3) $3,846.3 $ — $3,846.3
Segment earnings (loss) ...... 118.4 250.3 84.3 33.8 — 486.8 (44.8) 442.0
Adjustments to reconcile to
reported operating earnings
(loss):
Fair value adjustment to
inventory ............ (10.4) — — — — (10.4) — (10.4)
Reorganization costs ..... (7.8) (26.6) (2.9) — — (37.3) 0.5 (36.8)
Impairment/write-off of
assets ............... — — (0.3) — — (0.3) — (0.3)
Other integration-related
costs ................ — (3.4) — — — (3.4) (1.1) (4.5)
Stock-based
compensation ......... — — — — — — (23.0) (23.0)
Depreciation and
amortization .......... (13.1) (25.5) (17.0) (9.4) — (65.0) (1.4) (66.4)
Operating earnings
(loss) ............... $ 87.1 $ 194.8 $ 64.1 $ 24.4 $ — $ 370.4 $ (69.8) $ 300.6
Other segment data:
Total assets ............ $1,083.3 $1,801.3 $ 730.5 $112.7 $ — $3,727.8 $ 154.8 $3,882.6
Capital expenditures ..... 8.4 21.5 25.7 12.8 68.4 0.4 68.8
102