Sunbeam 2012 Annual Report Download - page 36

Download and view the complete annual report

Please find page 36 of the 2012 Sunbeam annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

34 Jarden Corporation Annual Report 2012
Consolidated Statements of Operations
Jarden Corporation Annual Report 2012
Consolidated Statements of Comprehensive Income
Years Ended December 31,
(In millions, except per share amounts) 2012 2011 2010
Net Sales $ 6,696.1 $ 6,679.9 $ 6,022.7
Cost of Sales 4,771.7 4,821.9 4,383.9
Gross profit 1,924.4 1,858.0 1,638.8
Selling, general and administrative expenses 1,320.5 1,259.2 1,211.8
Reorganization costs, net 27.1 23.4 —
Impairment of goodwill, intangibles, and other assets — 52.5 19.7
Operating earnings 576.8 522.9 407.3
Interest expense, net 185.3 179.7 177.8
Loss on early extinguishment of debt — 12.8 —
Income before taxes 391.5 330.4 229.5
Income tax provision 147.6 125.7 122.8
Net income $ 243.9 $ 204.7 $ 106.7
Earnings per share:
Basic $ 3.12 $ 2.33 $ 1.20
Diluted $ 3.10 $ 2.31 $ 1.19
Weighted average shares outstanding:
Basic 78.3 88.1 89.0
Diluted 78.8 88.6 89.8
The accompanying notes are an integral part of the consolidated financial statements.
Years Ended December 31,
(In millions) 2012 2011 2010
Comprehensive income:
Net income $ 243.9 $ 204.7 $ 106.7
Other comprehensive income (loss), before tax:
Cumulative translation adjustment 13.7 (25.4) 1.2
Derivative financial instruments (3.1) 19.0 3.8
Accrued benefit cost (11.6) (31.9) (11.7)
Unrealized gain on investment 0.5 0.2 —
Total other comprehensive loss, before tax (0.5) (38.1) (6.7)
Income tax benefit related to other comprehensive loss 3.8 6.2 2.8
Comprehensive income $ 247.2 $ 172.8 $ 102.8
The accompanying notes are an integral part of the consolidated financial statements.