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COMPASS MINERALS INTERNATIONAL INC - 10-K/A - 20041112 - INCOME_STATEMENT
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COMPASS MINERALS INTERNATIONAL, INC.
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2003 FORM 10-K
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Combined and Consolidated Statements of Operations
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For the Years Ended December 31,
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2003
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2002
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2001
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(In millions, except share data)
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(restated)
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(restated)
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(restated)
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Sales
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$
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600.6
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$
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502.6
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$
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523.2
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Cost of sales — shipping and handling
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165.3
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137.5
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143.2
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Cost of sales — products
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288.3
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239.2
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257.0
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Gross profit
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147.0
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125.9
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123.0
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Selling, general and administrative expenses
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49.0
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40.6
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38.9
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Restructuring and other charges
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2.4
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7.7
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27.0
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Operating earnings
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95.6
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77.6
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57.1
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Other (income) expense:
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Interest expense
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56.3
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42.4
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14.4
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Other, net
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3.7
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4.9
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(3.1
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Income before income taxes
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35.6
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30.3
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45.8
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Income tax expense
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3.3
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13.3
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17.3
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Net income
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32.3
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17.0
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28.5
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Dividends on redeemable preferred stock
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1.2
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10.6
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0.8
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Gain on redemption of preferred stock
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(8.2
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—
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—
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Net income available for common stock
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$
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39.3
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$
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6.4
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$
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27.7
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Net income per share, basic
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$
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1.21
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$
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0.18
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$
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8.60
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Net income per share, diluted
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1.15
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0.18
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8.60
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Basic weighted-average shares outstanding
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32,492,792
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35,039,110
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3,220,724
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Diluted weighted-average shares outstanding
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33,983,983
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35,474,539
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3,220,724
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