SB/RH Holdings, LLC Consolidated Statements of Income Years ended September 30, 2016, 2015 and 2014 (in millions)
| | | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | Net sales | | $ | 5,039.7 |
| | $ | 4,690.4 |
| | $ | 4,429.1 |
| Cost of goods sold | | 3,119.3 |
| | 3,018.0 |
| | 2,856.5 |
| Restructuring and related charges | | 0.5 |
| | 2.1 |
| | 3.7 |
| Gross profit | | 1,919.9 |
| | 1,670.3 |
| | 1,568.9 |
| Selling | | 776.6 |
| | 720.7 |
| | 678.2 |
| General and administrative | | 366.6 |
| | 332.4 |
| | 319.0 |
| Research and development | | 58.7 |
| | 51.3 |
| | 47.9 |
| Acquisition and integration related charges | | 36.7 |
| | 58.8 |
| | 20.1 |
| Restructuring and related charges | | 14.7 |
| | 26.6 |
| | 19.2 |
| Write-off from impairment of intangible assets | | 4.7 |
| | — |
| | — |
| Total operating expenses | | 1,258.0 |
| | 1,189.8 |
| | 1,084.4 |
| Operating income | | 661.9 |
| | 480.5 |
| | 484.5 |
| Interest expense | | 250.0 |
| | 271.9 |
| | 202.1 |
| Other non-operating expense, net | | 8.6 |
| | 8.9 |
| | 6.3 |
| Income from operations before income taxes | | 403.3 |
| | 199.7 |
| | 276.1 |
| Income tax expense | | 51.0 |
| | 43.9 |
| | 59.0 |
| Net income | | 352.3 |
| | 155.8 |
| | 217.1 |
| Net income attributable to non-controlling interest | | 0.4 |
| | 0.4 |
| | 0.3 |
| Net income attributable to controlling interest | | $ | 351.9 |
| | $ | 155.4 |
| | $ | 216.8 |
|
See accompanying notes to the consolidated financial statements
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