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Jarden Corporation Annual Report 2012 71
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2012 (Dollars in millions, except per share data and unless otherwise indicated)
Year Ended December 31, 2012
(In millions) Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Net Sales $ — $ 4,293.8 $ 3,106.2 $ (703.9) $ 6,696.1
Costs and expenses 147.2 3,850.5 2,825.5 (703.9) 6,119.3
Operating (loss) earnings (147.2) 443.3 280.7 — 576.8
Other expense, net 37.1 200.4 95.4 — 332.9
Equity in the income of subsidiaries 428.2 171.6 — (599.8) —
Net income (loss) $ 243.9 $ 414.5 $ 185.3 $ (599.8) $ 243.9
Comprehensive income (loss) $ 247.2 $ 426.9 $ 194.4 $ (621.3) $ 247.2
Year Ended December 31, 2011
(In millions) Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Net Sales $ — $ 3,906.0 $ 2,917.2 $ (143.3) $ 6,679.9
Costs and expenses 95.6 3,507.9 2,696.8 (143.3) 6,157.0
Operating (loss) earnings (95.6) 398.1 220.4 — 522.9
Other expense, net 61.4 224.8 32.0 — 318.2
Equity in the income of subsidiaries 361.7 182.8 — (544.5) —
Net income (loss) $ 204.7 $ 356.1 $ 188.4 $ (544.5) $ 204.7
Comprehensive income (loss) $ 172.8 $ 314.5 $ 170.4 $ (484.9) $ 172.8
Year Ended December 31, 2010
(In millions) Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Net Sales $ — $ 3,689.1 $ 2,452.5 $ (118.9) $ 6,022.7
Costs and expenses 126.3 3,273.3 2,334.7 (118.9) 5,615.4
Operating (loss) earnings (126.3) 415.8 117.8 — 407.3
Other expense, net 57.0 169.2 74.4 — 300.6
Equity in the income of subsidiaries 290.0 37.8 — (327.8) —
Net income (loss) $ 106.7 $ 284.4 $ 43.4 $ (327.8) $ 106.7
Comprehensive income (loss) $ 102.8 $ 284.1 $ 51.0 $ (335.1) $ 102.8
19. Condensed Consolidating Financial Data
The Company’s Senior Notes and Senior Subordinated Notes (see Note 9) are fully guaranteed, jointly and severally, by certain
of the Company’s domestic subsidiaries (“Guarantor Subsidiaries”). The guarantees of the Guarantor Subsidiaries are subject
to release only in certain limited circumstances. The Company’s non-United States subsidiaries and those domestic subsidiaries
who are not guarantors (“Non-Guarantor Subsidiaries”) are not guaranteeing these notes. Presented below is the condensed
consolidating financial data of the Company (“Parent”), the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries on a
consolidated basis, using the equity method of accounting for subsidiaries, as of and for the years ended December 31, 2012, 2011
and 2011.
Condensed Consolidating Results of Operations