EX-99.B 4 dex99b.txt CONDENSED CONSOLIDATED STATEMENTS OF INCOME Exhibit 99b FMC CORPORATION AND CONSOLIDATED SUBSIDIARIES --------------------------------------------- CONDENSED CONSOLIDATED STATEMENTS OF INCOME ------------------------------------------- (Unaudited and in millions, except per share amounts)
Three Months Ended Six Months Ended June 30 June 30 -------------------------- ----------------------- 2001 2000 2001 2000 ------------ ----------- ---------- --------- Revenue (1) $ 1,001.3 $ 1,010.9 $ 1,877.9 $ 2,014.5 Operating costs and expenses (1) 909.2 888.0 1,740.3 1,824.5 Asset impairments 323.1 11.6 324.4 11.6 Restructuring and other charges 184.5 45.0 194.7 45.0 ------------ ----------- ---------- --------- Total costs and expenses 1,416.8 944.6 2,259.4 1,881.1 ------------ ----------- ---------- --------- (415.5) 66.3 (381.5) 133.4 Minority interests 2.0 0.8 2.4 1.5 Net interest expense 22.6 25.6 43.9 48.6 ------------ ----------- ---------- --------- Income (loss) before income taxes and cumulative effect of change in accounting principle (440.1) 39.9 (427.8) 83.3 Provision (benefit) for income taxes (140.3) 1.9 (107.1) 12.5 ------------ ----------- ---------- --------- Income (loss) before cumulative effect of change in accounting principle (299.8) 38.0 (320.7) 70.8 Cumulative effect of change in accounting principle, net of taxes (2) - - (5.6) - ------------ ----------- ---------- --------- Net income (loss) $ (299.8) $ 38.0 $ (326.3) $ 70.8 ============ =========== ========== ========= Basic earnings (loss) per common share: Income (loss) before cumulative effect of change in accounting principle $ (9.62) $ 1.25 $ (10.36) $ 2.33 Cumulative effect of change in accounting principle (2) - - (0.18) - ------------ ----------- ---------- --------- Net earnings (loss) per common share $ (9.62) $ 1.25 $ (10.54) $ 2.33 ============ =========== ========== ========= Average number of shares used in basic earnings (loss) per share computations 31.2 30.4 31.0 30.4 ============ =========== ========== ========= Diluted earnings (loss) per common share: Income (loss) before cumulative effect of change in accounting principle $ (9.62) $ 1.20 $ (10.36) $ 2.25 Cumulative effect of change in accounting principle (2) - - (0.18) - ============ =========== ========== ========= Net earnings (loss) per common share $ (9.62) $ 1.20 $ (10.54) $ 2.25 ============ =========== ========== ========= Average number of shares used in diluted earnings (loss) per share computations (3) 31.2 31.5 31.0 31.4 ============ =========== ========== =========
(1) Revenue and operating costs and expenses for 2000 have been adjusted to apply recently issued accounting guidance for reporting shipping and handling costs. The reclassification had no effect on previously reported net income or earnings per share. (2) The cumulative effect of change in accounting principle net of taxes results from the adoption of Statement of Financial Accounting Standards No. 133. (3) The company's loss before cumulative effect of change in accounting principle in 2001 results in an antidilutive effect in the calculation of diluted EPS. Accordingly, the potential common shares that cause the antidilutive effect have been omitted from the calculation of 2001 diluted EPS.