Sunbeam 2009 Annual Report Download - page 40

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Consolidated Statements of Income
Jarden Corporation Annual Report 2009
Years Ended December 31,
(In millions, except per share amounts) 2009 2008 2007
Net sales $ 5,152.6 $ 5,383.3 $ 4,660.1
Cost of sales 3,726.6 3,880.5 3,517.4
Gross profit 1,426.0 1,502.8 1,142.7
Selling, general and administrative expenses
(including stock-based compensation of $41.3, $20.6 and $64.0
for the years ended December 31, 2009, 2008 and 2007, respectively) 963.9 1,013.7 861.1
Reorganization and acquisition-related integration costs, net 52.3 59.8 49.6
Impairment of goodwill and intangibles 22.9 283.2 —
Operating earnings 386.9 146.1 232.0
Interest expense, net 147.5 178.7 149.7
Loss on early extinguishment of debt — — 15.7
Income (loss) before taxes 239.4 (32.6) 66.6
Income tax provision 110.7 26.3 38.5
Net income (loss) $ 128.7 $ (58.9) $ 28.1
Earnings (loss) per share:
Basic $ 1.53 $ (0.78) $ 0.39
Diluted $ 1.52 $ (0.78) $ 0.38
Weighted average shares outstanding:
Basic 84.1 75.2 71.9
Diluted 84.8 75.2 73.3
The accompanying notes are an integral part of the consolidated financial statements.
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