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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
11 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2011
Successor [Member]
Dec. 31, 2012
Successor [Member]
Jan. 31, 2011
Predecessor [Member]
Dec. 31, 2010
Predecessor [Member]
Net Sales $ 1,543 $ 1,832 $ 108 $ 1,218
Cost of goods sold (1,104) (1,568) (83) (996)
Gross Margin 439 264 25 222
Selling, general and administrative expenses (152) (239) (5) (59)
Litigation/arbitration settlement 10      
Provision for environmental remediation and restoration, net of reimbursements 5     47
Income from Operations 302 25 20 210
Interest and debt expense (30) (65) (3) (50)
Other income (expense) (10) (7) 2 (8)
Gain on bargain purchase   1,055    
Reorganization income (expense)     613 (145)
Income from Continuing Operations before Income Taxes 262 1,008 632 7
Income tax benefit (provision) (20) 125 (1) (2)
Income from Continuing Operations 242 1,133 631 5
Income from discontinued operations       1
Net Income 242 1,133 631 6
Net loss attributable to noncontrolling interest   1    
Net Income attributable to Tronox Limited Shareholders $ 242 $ 1,134 $ 631 $ 6
Basic -        
Continuing operations $ 3.22 [1] $ 11.37 [1] $ 15.28 [1] $ 0.11 [1]
Discontinued operations       $ 0.03 [1]
Earnings per share $ 3.22 [1] $ 11.37 [1] $ 15.28 [1] $ 0.14 [1]
Diluted -        
Continuing operations $ 3.10 [1] $ 11.10 [1] $ 15.25 [1] $ 0.11 [1]
Discontinued operations       $ 0.03 [1]
Earnings per share $ 3.10 $ 11.10 $ 15.25 $ 0.14
Weighted Average Shares Outstanding        
Basic 74,905 98,985 41,311 41,232
Diluted 78,095 101,406 41,399 41,383
[1] (1) On June 26, 2012, the Board of Directors of Tronox Limited approved a 5-to-1 share split for holders of its Class A ordinary shares and Class B ordinary shares at the close of business on July 20, 2012, by issuance of four additional shares for each share of the same class by way of bonus issue. All references to number of shares and per share data in the Successor's consolidated financial statements have been adjusted to reflect the share split, unless otherwise noted. See Note 15 for additional information regarding the Company's share split.