Smithfield Foods Inc.
Income Statement
| Line Item | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|
| Revenue | $13.09B | $12.20B | $11.20B | $12.49B |
| Cost of Revenue | $11.54B | $10.49B | $10.47B | $11.86B |
| Gross Profit | $1.55B | $1.71B | $730.1M | $624.6M |
| Gross Margin | 11.8% | 14.0% | 6.5% | 5.0% |
| Operating Expenses | ||||
| Research & Development | $75.9M | $47.0M | $38.8M | — |
| SG&A Expense | $816.9M | $789.8M | $705.9M | $798.4M |
| Operating Income | $722.6M | $1.10B | $62.8M | $-223.9M |
| Operating Margin | 5.5% | 9.0% | 0.6% | -1.8% |
| Interest Expense | $176.7M | $245.4M | $266.4M | $221.8M |
| Pretax Income | — | — | — | — |
| Income Tax Expense | $172.4M | $236.1M | $-113.2M | $-131.3M |
| Net Income | $361.3M | $521.0M | $-101.4M | $-198.4M |
| Net Margin | 2.8% | 4.3% | -0.9% | -1.6% |
| EPS (Basic) | $2.23 | $3.14 | $-0.65 | $-1.41 |
| EPS (Diluted) | $2.21 | $3.12 | $-0.65 | $-1.41 |
| Shares Outstanding (Basic) | 162.3M | 166.0M | 157.1M | 141.1M |
| Shares Outstanding (Diluted) | 163.5M | 167.2M | 157.1M | 141.1M |
| Dividends Per Share | — | — | — | — |