|
Note
16. Quarterly Financial Data (Unaudited)
| (thousands,
except per share) |
First
Quarter
|
Second
Quarter
|
Third
Quarter
|
Fourth
Quarter
|
Year
|
| 2001 |
|
|
|
|
|
| Net
sales |
|
|
|
|
|
| United
States Cleaning & Sanitizing |
$398,535
|
$402,447
|
$416,142
|
$365,771
|
$1,582,895
|
| United
States Other Services |
62,277
|
69,284
|
69,296
|
72,163
|
273,020
|
| International
Cleaning & Sanitizing |
121,067
|
130,452
|
137,710
|
132,730
|
521,959
|
| Effect
of foreign currency translation |
(972)
|
(6,375)
|
(6,917)
|
(8,887)
|
(23,151)
|
| |
|
|
|
|
|
| Total
|
580,907
|
595,808
|
616,231
|
561,777
|
2,354,723
|
| |
|
|
|
|
|
| Cost
of sales (including restructuring income of $427 in third
quarter and $139 in fourth quarter) |
265,230
|
274,816
|
280,748
|
268,837
|
1,089,631
|
| Selling,
general and administrative expenses |
238,296
|
240,940
|
241,420
|
225,433
|
946,089
|
| Special
charges |
|
(192)
|
(53)
|
1,069
|
824
|
| Operating
income |
|
|
|
|
|
| United
States Cleaning & Sanitizing |
60,793
|
61,788
|
71,129
|
53,226
|
246,936
|
| United
States Other Services |
5,602
|
8,205
|
8,875
|
6,656
|
29,338
|
| International
Cleaning & Sanitizing |
12,332
|
12,127
|
15,802
|
9,509
|
49,770
|
| Corporate |
(1,226)
|
(908)
|
(685)
|
(2,119)
|
(4,938)
|
| Effect
of foreign currency translation |
(120)
|
(968)
|
(1,005)
|
(834)
|
(2,927)
|
| |
|
|
|
|
|
| Total |
77,381
|
80,244
|
94,116
|
94,116
|
318,179
|
| Interest
expense, net |
6,668
|
6,816
|
7,010
|
7,940
|
28,434
|
| Income
before income taxes and equity in earnings of Henkel-Ecolab |
70,713
|
73,428
|
87,106
|
58,498
|
289,745
|
| Provision
for income taxes |
28,639
|
29,737
|
35,279
|
23,753
|
117,408
|
| Equity
in earnings of Henkel-Ecolab |
2,340
|
4,502
|
5,434
|
3,557
|
15,833
|
| |
|
|
|
|
|
| Net
income |
$
44,414
|
$
48,193
|
$
57,261
|
$
38,302
|
$
188,170
|
| |
|
|
|
|
|
| Basic
net income per common share |
$
0.35
|
$
0.38
|
$
0.45
|
$
0.30
|
$
1.48
|
| Diluted
net income per common share |
$
0.34
|
$
0.37
|
$
0.44
|
$
0.30
|
$
1.45
|
| Weighted-average
common shares outstanding |
|
|
|
|
|
| Basic |
126,962
|
127,333
|
127,675
|
127,695
|
127,416
|
| Diluted |
130,629
|
130,068
|
129,809
|
129,682
|
129,928
|
| 2000 |
|
|
|
|
|
| Net
sales |
|
|
|
|
|
| United
States Cleaning & Sanitizing |
$360,387
|
$388,443
|
$407,521
|
$375,682
|
$1,532,033
|
| United
States Other Services |
54,548
|
61,774
|
67,596
|
64,399
|
248,317
|
| International
Cleaning & Sanitizing |
103,413
|
114,631
|
121,096
|
126,312
|
465,452
|
| Effect
of foreign currency translation |
7,912
|
5,863
|
4,453
|
283
|
18,511
|
| |
|
|
|
|
|
| Total |
526,260
|
570,711
|
600,666
|
566,676
|
2,264,313
|
| |
|
|
|
|
|
| Cost
of sales (including restructuring expenses of $1,948 in fourth
quarter) |
236,484
|
259,382
|
266,951
|
263,089
|
1,025,906
|
| Selling,
general and administrative expenses |
217,095
|
232,689
|
235,987
|
230,233
|
916,004
|
| Gain
on sale of Jackson business |
|
|
|
(25,925)
|
(25,925)
|
| Special
charges |
|
|
|
5,189
|
5,189
|
| Operating
income |
|
|
|
|
|
| United
States Cleaning & Sanitizing |
53,858
|
60,702
|
76,091
|
58,531
|
249,182
|
| United
States Other Services |
5,434
|
7,147
|
8,317
|
4,617
|
25,515
|
| International
Cleaning & Sanitizing |
9,672
|
11,095
|
13,444
|
13,029
|
47,240
|
| Corporate |
2,584
|
(1,173)
|
(786)
|
17,866
|
18,491
|
| Effect
of foreign currency translation |
1,133
|
869
|
662
|
47
|
2,711
|
| |
|
|
|
|
|
| Total |
72,681
|
78,640
|
97,728
|
94,090
|
343,139
|
| Interest
expense, net |
5,357
|
5,245
|
6,528
|
7,475
|
24,605
|
| |
|
|
|
|
|
| Income
before income taxes and equity in earnings of Henkel-Ecolab |
67,324
|
73,395
|
91,200
|
86,615
|
318,534
|
| Provision
for income taxes |
27,603
|
30,092
|
36,232
|
35,568
|
129,495
|
| Equity
in earnings of Henkel-Ecolab |
2,891
|
5,106
|
5,370
|
6,149
|
19,516
|
| |
|
|
|
|
|
| Income
before cumulative effect of change in accounting |
42,612
|
48,409
|
60,338
|
57,196
|
208,555
|
| Cumulative
effect of change in a accounting for revenue recognition |
|
|
|
(2,428)
|
(2,428)
|
| |
|
|
|
|
|
| Net
income |
$
42,612
|
$
48,409
|
$
60,338
|
$
54,768
|
$
206,127
|
| |
|
|
|
|
|
| Basic
net income per common share |
$
0.33
|
$
0.38
|
$
0.47
|
$
0.43
|
$
1.61
|
| Diluted
net income per common share |
$
0.32
|
$
0.36
|
$
0.46
|
$
0.42
|
$
1.56
|
| Weighted-average
common shares outstanding |
|
|
|
|
|
| Basic |
128,944
|
128,346
|
127,112
|
126,609
|
127,753
|
| Diluted |
133,330
|
132,990
|
131,167
|
130,331
|
131,946
|
|
Restructuring
and special charges are included in corporate operating
income. Corporate operating income for the fourth quarter
of 2000 includes the gain on the sale of the Jackson business
and also includes income related to net reductions in probable
losses related to environmental matters in the first quarter
($4.1 million) and third quarter ($0.3 million) of 2000.
The 2000 quarterly financial data was not adjusted to reflect
the adoption of Staff Accounting Bulletin No. 101 as the
impact was not significant.
|
|
