Energizer Holdings Inc. (ENR) 2003年年度报告「NYSE」.pdf

1、Energizer Holdings,Inc.2003 ANNUAL REPORTENERGIZERIS TRADED ON THE NEW YORK STOCK EXCHANGE UNDER THE ENR SYMBOL.ENERGIZER IS ONE OFTHE WORLDS LARGEST MANUFACTURERS OF PRIMARY BATTERIES AND FLASHLIGHTS AND A GLOBAL LEADER IN THEDYNAMIC BUSINESS OF PROVIDING PORTABLE POWER.IN ADDITION,ENERGIZER IS THE

2、 PARENT COMPANY OF SCHICK-WILKINSON SWORD(SWS),THE SECOND LARGEST MANUFACTURER OF WET SHAVE PRODUCTS IN THE WORLD.Net Salesin billions$2.2303$1.7402$1.6901Earnings Per Share*$2.5903$2.0102$1.0101*Excluding unusualitems as noted in thetables to the left.YEAR ENDED SEPTEMBER 30,200320022001Net Earning

3、s(in millions)Net Earnings,excluding certain unusual items$228.2$186.4$95.1 SWS inventory write-up,net of tax(a)(58.3)Provision for goodwill impairment,net of tax(b)(119.0)Amortization,net of tax(b)(15.1)Net Earnings/(Loss)$169.9$186.4$(39.0)Diluted Earnings Per ShareNet Earnings,excluding certain u

4、nusual items$2.59$2.01$1.01SWS inventory write-up,net of tax(a)(0.66)Provision for goodwill impairment,net of tax(b)(1.27)Amortization,net of tax(b)(0.16)Net Earnings/(Loss)$1.93$2.01$(0.42)Diluted Weighted-Average Shares Outstanding88.292.894.1Non-GAAP Financial PresentationIn addition to its earni

5、ngs presented in accordance with generally accepted accounting principles(GAAP),Energizer has presented certain non-GAAP earnings in the table abovewhich it believes are useful to readers in addition to traditional GAAP measures.These measures should not be considered as an alternative to comparable

6、 GAAP measures.(a)In 2003,earnings are presented with and without the impact of a write-up recorded on inventory acquired through the purchase of Schick-Wilkinson Sword(SWS)fromPfizer.GAAP requires inventory to be valued as if Energizer was a distributor purchasing the inventory at fair market value