Sunbeam 2007 Annual Report Download - page 68
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JARDEN CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share amounts)
Years Ended December 31,
2007 2006 2005
Net sales ........................................................ $4,660.1 $3,846.3 $3,189.1
Cost of sales ..................................................... 3,517.4 2,904.0 2,402.3
Selling, general and administrative expenses (including stock-based
compensation of $64.0, $23.0 and $62.4 for the years ended December 31,
2007, 2006 and 2005, respectively) ................................. 861.1 604.9 571.7
Reorganization and acquisition-related integration costs, net ............... 49.6 36.8 29.1
Operating earnings ................................................ 232.0 300.6 186.0
Interest expense, net ............................................... 149.7 112.6 84.2
Loss on early extinguishment of debt .................................. 15.7 — 6.1
Income before taxes ............................................... 66.6 188.0 95.7
Income tax provision ............................................... 38.5 82.0 35.0
Net income ...................................................... 28.1 106.0 60.7
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 .............................. $ 28.1 $ 106.0 $ 12.1
Earnings per share:
Basic ....................................................... $ 0.39 $ 1.62 $ 0.23
Diluted ...................................................... $ 0.38 $ 1.59 $ 0.22
Weighted average shares outstanding:
Basic ....................................................... 71.9 65.4 52.9
Diluted ...................................................... 73.3 66.5 54.7
The accompanying notes are an integral part of the consolidated financial statements.
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