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13
Selected Financial Data
Jarden Corporation Annual Report 2011
The following tables set forth the Company’s selected financial data as of and for the years ended December 31, 2011, 2010, 2009,
2008 and 2007. 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.
(a) Includes the following significant items affecting comparability:
• 2011 includes: non-cash impairment charges of $52.5 million, primarily comprised of a non-cash impairment charge of $43.4 million related
to the impairment of goodwill and intangibles (see Note 6 to the consolidated financial statements); $23.4 million of reorganization costs
(see item (c) below); and $21.4 million of acquisition-related and other costs, net.
• 2010 includes: $70.6 million of non-cash charges related to the Company’s Venezuela operations (see Note 1 to the consolidated financial
statements); $42.3 million of acquisition-related and other charges, net, primarily related to 2010 acquisitions; purchase accounting adjustments
of $27.4 million for 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; and a $19.7 million non-cash charge related to the impairment of goodwill and intangibles
(see Note 6 to the consolidated financial statements).
• 2009 includes: $22.9 million non-cash charge related to the impairment of goodwill and intangibles (see Note 6 to the consolidated financial
statements); and $52.3 million of reorganization costs (see item (c) below).
• 2008 includes: $283 million non-cash charge related to the impairment of goodwill and intangibles; and $59.8 million of reorganization costs
(see item (c) below).
• 2007 includes: purchase accounting adjustments of $119 million for the elimination of manufacturer’s profit in inventory charged to cost of sales;
and $49.6 million of reorganization costs (see item (c) below).
As of and for the Years Ended December 31,
(In millions, except per share data) 2011(c) 2010(b)(c) 2009(c) 2008(c) 2007(b)(c)
STATEMENTS OF OPERATIONS DATA
Net sales $ 6,679.9 $ 6,022.7 $ 5,152.6 $ 5,383.3 $ 4,660.1
Operating earnings (a) 522.9 407.3 386.9 146.1 232.0
Interest expense, net 179.7 177.8 147.5 178.7 149.7
Loss on early extinguishment of debt 12.8 — — — 15.7
Income tax provision 125.7 122.8 110.7 26.3 38.5
Net income (loss) (a) $ 204.7 $ 106.7 $ 128.7 $ (58.9) $ 28.1
Basic earnings (loss) per share (a) $ 2.33 $ 1.20 $ 1.53 $ (0.78) $ 0.39
Diluted earnings (loss) per share (a) $ 2.31 $ 1.19 $ 1.52 $ (0.78) $ 0.38
OTHER FINANCIAL DATA
Segment earnings (a)(d) $ 790.8 $ 710.1 $ 605.7 $ 609.4 $ 501.5
Net cash provided by operating activities 427.1 289.0 641.1 249.9 304.8
Net cash provided by (used in) financing activities (196.7) 480.2 (32.5) 104.6 680.6
Net cash used in investing activities (113.1) (883.1) (130.6) (175.5) (972.6)
Depreciation and amortization 163.7 142.8 130.3 120.3 96.4
Capital expenditures 126.9 137.5 107.4 102.2 81.2
Cash dividends declared per common share (e) 0.345 0.33 0.15 — —
BALANCE SHEET DATA
Cash and cash equivalents $ 808.3 $ 695.4 $ 827.4 $ 392.8 $ 220.5
Working capital (f) 2,029.8 1,693.6 1,503.5 1,374.7 1,269.8
Total assets 7,116.7 7,093.0 6,023.6 5,727.0 5,868.1
Total debt 3,159.4 3,240.6 2,666.2 2,868.3 2,747.3
Total stockholders’ equity 1,912.0 1,820.5 1,766.8 1,384.2 1,538.6