Energizer Holdings Inc. (ENR) 2007年年度报告「NYSE」.pdf

1、What do you see?Energizer Holdings,Inc.2007 Annual ReportInfant CareSkin CareFeminine CareRazors&BladesLightingBatteries6 LED HeadlightHard CaseInspection LightQuattroTrimmerGentle GlideBanana BoatSport MistIntuition PlusEnergi To GoEnergizere2LithiumEnergizerMAXWeather Ready200020032008Nurser Drop-

2、InThe majority of our brands are rankedNo.1orNo.2 in the United States.1Energizer Holdings,Inc.2007 Annual ReportBuilding on a foundation of two universally recognizedbrands in a single category,Energizer quickly grew to fourestablished brands in two majorconsumer goods categories.With the strategic

3、 addition ofPlaytex Products,we enter fiscal2008 with an increasingly diver-sified portfolio of leading brandsin complementary consumergoods categories.We see growth.2Energizer Holdings,Inc.2007 Annual ReportNon-GAAP Financial PresentationI n addition to its earnings presented in accordance with gen

4、erally 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 GAAP measures.(a)I n 2003,earnings

5、are presented with and without the impact of a write-up recorded on inventory acquired through the purchase of Schick-Wilkinson Sword(SWS)from Pfizer.GAAP requires inventory to be valued as if Energizer was a distributor purchasing the inventory at fair market value,as opposed to its historical manu

6、facturing cost.As a result,there was a one-time allocation of purchase price to the acquired inventory which was$89.7 million,pre-tax,or$58.3 million,after tax,higher than historical manufacturing cost.Because inventory value and cost of product sold for all product manufactured after the acquisitio