Sunbeam 2007 Annual Report Download - page 49

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Item 6. Selected Financial Data
The following tables set forth the Company’s selected financial data as of and for the years ended
December 31, 2007, 2006, 2005, 2004 and 2003. The selected financial data set forth below has been derived
from the audited consolidated financial statements and related notes thereto where applicable for the respective
fiscal years. The selected financial data should be read in conjunction with “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” as well as the consolidated financial statements and
notes thereto. These historical results are not necessarily indicative of the results to be expected in the future.
Certain reclassifications have been made in the Company’s financial statements of prior years to conform to the
current year presentation. These reclassifications had no impact on previously reported net income.
As of and for the Years Ended December 31,
2007(b)(c) 2006(c) 2005(b)(c) 2004(b) 2003(b)
STATEMENTS OF INCOME DATA
(in millions, except per share data):
Net sales ........................................ $4,660.1 $3,846.3 $3,189.1 $ 838.6 $587.7
Operating earnings(a) .............................. 232.0 300.6 186.0 96.0 71.5
Interest expense, net ............................... 149.7 112.6 84.2 27.6 19.2
Loss on early extinguishment of debt ................. 15.7 — 6.1 — —
Income tax provision .............................. 38.5 82.0 35.0 26.0 20.5
Net income(a) .................................... 28.1 106.0 60.7 42.4 31.8
Paid in-kind dividends on Series B & C preferred stock . . . — — (9.7) — —
Charge from beneficial conversion of Series B and Series
C preferred stock ............................... — — (38.9) — —
Income available to common stockholders(a) ........... $ 28.1 $ 106.0 $ 12.1 $ 42.4 $ 31.8
Basic earnings per share(a) ......................... $ 0.39 $ 1.62 $ 0.23 $ 1.03 $ 0.93
Diluted earnings per share(a) ........................ $ 0.38 $ 1.59 $ 0.22 $ 0.99 $ 0.90
OTHER FINANCIAL DATA: (in millions)
Segment Earnings(a)(d) ............................ $ 565.5 $ 442.0 $ 360.0 $ 147.4 $108.3
Cash flows from operations ......................... 304.8 236.0 240.9 70.2 73.8
Depreciation and amortization ....................... 96.4 66.4 57.6 19.2 15.0
Capital expenditures ............................... 81.2 68.8 58.5 10.8 12.8
BALANCE SHEET DATA:
Cash and cash equivalents .......................... $ 220.5 $ 202.6 $ 237.1 $ 20.7 $125.4
Working capital(e) ................................ 1,269.8 839.6 749.9 181.4 242.0
Total assets ...................................... 5,868.1 3,882.6 3,524.6 1,042.4 759.7
Total debt ....................................... 2,747.3 1,441.0 1,541.4 487.4 387.4
Total stockholders’ equity .......................... 1,538.6 1,257.4 1,003.8 334.0 249.9
(a) Includes the following significant items affecting comparability:
• 2007 includes: purchase accounting adjustments for $119 million of the elimination of manufacturer’s
profit in inventory charged to cost of sales, which is the purchase accounting fair value adjustment to
inventory associated with acquisitions, $64 million of stock-based compensation costs related to stock
options and restricted shares of the Company’s common stock, and $49.6 million of reorganization and
acquisition-related integration cost (see item (c) below).
• 2006 includes: purchase accounting adjustments for $10.4 million of the elimination of manufacturer’s
profit in inventory charged to cost of sales, which is the purchase accounting fair value adjustment to
inventory associated with acquisitions, $23 million of stock-based compensation costs related to stock
options and restricted shares of the Company’s common stock, and $36.8 million of reorganization and
acquisition-related integration cost (see item (c) below).
37