harris corporation
harris corporation
harris corporation
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CONSOLIDATED STATEMENT OF INCOME<br />
2011<br />
Fiscal Years Ended<br />
2010 2009<br />
(In millions, except per share amounts)<br />
Revenue from product sales and services<br />
Revenue from product sales ...................................... $4,136.8 $ 3,935.2 $ 3,915.3<br />
Revenue from services .......................................... 1,787.8 1,270.9 1,089.7<br />
Cost of product sales and services<br />
5,924.6 5,206.1 5,005.0<br />
Cost of product sales ........................................... (2,339.0) (2,268.7) (2,498.0)<br />
Cost of services ............................................... (1,471.5) (1,065.7) (922.2)<br />
(3,810.5) (3,334.4) (3,420.2)<br />
Engineering, selling and administrative expenses ....................... (1,143.9) (958.9) (791.3)<br />
Impairment of goodwill and other long-lived assets ..................... — — (255.5)<br />
Non-operating loss ............................................. (1.9) (1.9) (3.1)<br />
Interest income. ............................................... 2.8 1.5 3.2<br />
Interest expense ............................................... (90.4) (72.1) (52.8)<br />
Income from continuing operations before income taxes ................. 880.7 840.3 485.3<br />
Income taxes ................................................. (293.6) (278.7) (172.9)<br />
Income from continuing operations .................................<br />
Discontinued operations (including a $62.6 million loss on disposition in fiscal<br />
587.1 561.6 312.4<br />
2009), net of income taxes ..................................... — — (437.0)<br />
Net income (loss) .............................................. 587.1 561.6 (124.6)<br />
Noncontrolling interests, net of income taxes. ......................... 0.9 — 162.5<br />
Net income attributable to Harris Corporation ......................... $ 588.0 $ 561.6 $ 37.9<br />
Amounts attributable to Harris Corporation common shareholders<br />
Income from continuing operations ................................. $ 588.0 $ 561.6 $ 312.4<br />
Discontinued operations, net of income taxes. ......................... — — (274.5)<br />
Net income .................................................. $ 588.0 $ 561.6 $ 37.9<br />
Net income per common share attributable to Harris Corporation<br />
common shareholders<br />
Basic net income per common share attributable to Harris Corporation<br />
common shareholders<br />
Continuing operations ....................................... $ 4.63 $ 4.31 $ 2.35<br />
Discontinued operations. ..................................... — — (2.07)<br />
$ 4.63 $ 4.31 $ 0.28<br />
Diluted net income per common share attributable to Harris Corporation<br />
common shareholders<br />
Continuing operations ....................................... $ 4.60 $ 4.28 $ 2.33<br />
Discontinued operations. ..................................... — — (2.05)<br />
$ 4.60 $ 4.28 $ 0.28<br />
See accompanying Notes to Consolidated Financial Statements.<br />
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