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34
Consolidated Statements of Operations
Jarden Corporation Annual Report 2011
Years Ended December 31,
(In millions, except per share amounts) 2011 2010 2009
Net Sales $ 6,679.9 $ 6,022.7 $ 5,152.6
Cost of Sales 4,821.9 4,383.9 3,726.6
Gross profit 1,858.0 1,638.8 1,426.0
Selling, general and administrative expenses 1,259.2 1,211.8 963.9
Reorganization costs, net 23.4 — 52.3
Impairment of goodwill, intangibles, and other assets 52.5 19.7 22.9
Operating earnings 522.9 407.3 386.9
Interest expense, net 179.7 177.8 147.5
Loss on early extinguishment of debt 12.8 — —
Income before taxes 330.4 229.5 239.4
Income tax provision 125.7 122.8 110.7
Net income $ 204.7 $ 106.7 $ 128.7
Earnings per share:
Basic $ 2.33 $ 1.20 $ 1.53
Diluted $ 2.31 $ 1.19 $ 1.52
Weighted average shares outstanding:
Basic 88.1 89.0 84.1
Diluted 88.6 89.8 84.8
The accompanying notes are an integral part of the consolidated financial statements.