Whirlpool 2001 Annual Report Download - page 60

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16 QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
Three Months Ended
(millions of dollars, except per share data) Dec 31 Sep 30 Jun 30 Mar 31
2001
Net sales $ 2,647 $ 2,594 $ 2,585 $ 2,517
Cost of products sold 1,989 1,988 1,989 1,959
Earnings (loss) from continuing operations 21 (94) 74 33
Net earnings (loss) 21 (94) 53 41
Per share of common stock
Basic earnings (loss) from continuing operations $ 0.31 $ (1.40) $ 1.12 $ 0.49
Basic net earnings (loss) 0.31 (1.40) 0.80 0.62
Diluted earnings (loss) from continuing operations $ 0.31 $ (1.40) $ 1.10 $ 0.49
Diluted net earnings (loss) 0.31 (1.40) 0.78 0.61
Dividends $ 0.34 $ 0.34 $ 0.34 $ 0.34
Significant after-tax items included in the quarterly net earnings:
Restructuring and related charges (note 10) $ (91) $ (11) $ (14) $ (40)
Product recalls (note 11) 3 (184) ––
Discontinued operations (note 4) ––(21) –
Cumulative effect of a change in accounting principle (note 1) –––8
Three Months Ended
(millions of dollars, except per share data) Dec 31 Sep 30 Jun 30 Mar 31
2000
Net sales $ 2,579 $ 2,570 $ 2,586 $ 2,590
Cost of products sold 1,965 1,973 1,958 1,942
Earnings from continuing operations 67 67 121 112
Net earnings 67 67 121 112
Per share of common stock
Basic earnings from continuing operations $ 1.01 $ .98 $ 1.68 $ 1.53
Basic net earnings 1.01 .98 1.68 1.53
Diluted earnings from continuing operations $ 1.00 $ .98 $ 1.66 $ 1.52
Diluted net earnings 1.00 .98 1.66 1.52
Dividends $ .34 $ .34 $ .34 $ .34
Significant after-tax items included in the quarterly net earnings:
Voluntary retirement program $ – $ – $ – $23
One-time product introduction costs –––(9)
Increased sales allowances –––(8)
Notes to Consolidated Financial Statements58