Sunbeam 2008 Annual Report Download - page 33

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Years Ended December 31,
(In millions, except per share amounts) 2008 2007 2006
Net sales $5,383.3 $ 4,660.1 $ 3,846.3
Cost of sales 3,880.5 3,517.4 2,904.0
Gross profit 1,502.8 1,142.7 942.3
Selling, general and administrative expenses
(including stock-based compensation of $20.6, $64.0 and $23.0
for the years ended December 31, 2008, 2007 and 2006, respectively) 1,013.7 861.1 604.9
Reorganization and acquisition-related integration costs, net 59.8 49.6 36.8
Impairment of goodwill and intangibles 283.2 — —
Operating earnings 146.1 232.0 300.6
Interest expense, net 178.7 149.7 112.6
Loss on early extinguishment of debt — 15.7 —
Income (loss) before taxes (32.6) 66.6 188.0
Income tax provision 26.3 38.5 82.0
Net income (loss) $(58.9) $ 28.1 $ 106.0
Earnings (loss) per share:
Basic $(0.78) $ 0.39 $ 1.62
Diluted $(0.78) $ 0.38 $ 1.59
Weighted average shares outstanding:
Basic 75.2 71.9 65.4
Diluted 75.2 73.3 66.5
The accompanying notes arean integral part of the consolidated financial statements.
Consolidated Statement of Income
Jarden Corporation Annual Report 2008
31