EX-13.B 6 l92318aex13-b.txt EXHIBIT 13-B NORDSON CORPORATION Exhibit 13-b
CONSOLIDATED STATEMENT OF INCOME Years ended October 28, 2001, October 29, 2000 and October 31, 1999 2001 2000 1999 ----------------------------------------------------------------------------------------------------------------------- (In thousands except for per-share amounts) SALES $ 731,416 $ 740,568 $ 700,465 OPERATING COSTS AND EXPENSES: Cost of sales 337,129 332,597 318,230 Selling and administrative expenses 305,343 301,849 296,365 Goodwill amortization 16,052 5,710 5,885 Severance and restructuring costs 13,355 8,960 3,000 ----------------------------------------------------------------------------------------------------------------------- 671,879 649,116 623,480 ----------------------------------------------------------------------------------------------------------------------- OPERATING PROFIT 59,537 91,452 76,985 OTHER INCOME (EXPENSE): Interest expense (29,489) (11,665) (10,244) Interest and investment income 1,414 984 1,601 Other - net 6,254 2,637 3,096 ----------------------------------------------------------------------------------------------------------------------- (21,821) (8,044) (5,547) ----------------------------------------------------------------------------------------------------------------------- Income before income taxes 37,716 83,408 71,438 Income taxes: Current 11,698 30,510 23,476 Deferred 1,408 (1,734) 456 ----------------------------------------------------------------------------------------------------------------------- 13,106 28,776 23,932 ----------------------------------------------------------------------------------------------------------------------- NET INCOME $ 24,610 $ 54,632 $ 47,506 ----------------------------------------------------------------------------------------------------------------------- AVERAGE COMMON SHARES 32,727 32,455 33,048 Incremental common shares attributable to outstanding stock options, nonvested stock, and deferred stock-based compensation 323 312 436 ----------------------------------------------------------------------------------------------------------------------- AVERAGE COMMON SHARES AND COMMON SHARE EQUIVALENTS 33,050 32,767 33,484 ----------------------------------------------------------------------------------------------------------------------- BASIC EARNINGS PER SHARE $ .75 $ 1.68 $ 1.44 DILUTED EARNINGS PER SHARE $ .74 $ 1.67 $ 1.42 -----------------------------------------------------------------------------------------------------------------------
The accompanying notes are an integral part of the consolidated financial statements. 16/17