|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: NUVEEN FLAGSHIP MULTISTATE TRUST I, NSAR-B, 1997-07-16 |
Next: MELLON BANK PREMIUM FINANCE LOAN MASTER TRUST, 8-K, 1997-07-16 |
<PAGE>
<TABLE>
Carson, Inc.
Unaudited Pro Forma Consolidated Statements of Operations
Dollars in thousands COMPANY HISTORICAL
-----------------------------------------------------
(Unaudited) (Unaudited) Company Pro Forma Pro Forma
April 1, 1996 to Quarter ended Twelve months ended Acquired - Adjustments Twelve months
December 31, 1996 March 31, 1996 December 31, 1996 Cutex Increase ended
(decrease) December 31, 1996
----------------- -------------- ------------------ ----------- ----------- ------------------
<S> <C> <C> <C> <C> <C> <C>
Net sales $59,938 $17,792 $77,730 $18,854 $(638) (1) $95,946
Cost of sales 26,940 7,806 34,746 9,950 0 44,696
------- ------- ------- ------- ---------- -------
Gross profit 32,998 9,986 42,984 8,904 (638) 51,250
Selling expenses 15,692 3,452 19,144 870 0 20,014
General and administrative expenses 5,836 2,586 8,422 0 0 8,422
Incentive compensation 7,123 0 7,123 0 0 7,123
Depreciation and amortization 1,896 555 2,451 0 1,021 (2) 3,472
------- ------- ------- ------- --------- -------
Operating income 2,451 3,393 5,844 8,034 (1,659) 12,219
Interest expense, net 4,545 1,847 6,392 0 6,592 (3), (4) 12,984
Other income, net 565 147 712 0 0 712
------- ------- ------- ------- --------- -------
(Loss) income before income tax (1,529) 1,693 164 8,034 (8,251) (53)
Provision for income tax 1,727 825 2,552 0 (96) (5) 2,456
------- ------- ------- ------- --------- -------
(Loss) income before extraordinary item (3,256) 868 (2,388) 8,034 (8,155) (2,509)
Extraordinary item, net of tax benefit (3,527) 0 (3,527) - - (3,527)
------- ------- ------- ------- ---------- -------
Net (loss) income ($6,783) $868 ($5,915) $8,034 ($8,155) ($6,036)
======= ======= ======= ======= ========== =======
Earnings per common share:
Before extraordinary item ($0.25) $0.07 ($0.18) ($0.18)
Extraordinary item, net of tax benefit (0.28) -- (0.28) ($0.28)
------- ------- ------- -------
Net (loss) income per share ($0.53) $0.07 ($0.46) ($0.46)
======= ======= ======= =======
Weighted average common shares
outstanding 12,715 11,871 12,715 12,715
The accompanying notes are an integral part of these unaudited pro forma financial statements.
</TABLE>
|
|