EX-99.1 2 y00580exv99w1.htm EX-99.1: CONSOLIDATED STATEMENTS OF OPERATIONS EX-99.1
Exhibit 99.1
REVLON, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(dollars in millions, except per share data)
                                 
    Three Months Ended     Three Months Ended  
    March 31, 2007     June 30, 2007  
    As Reported     Updated     As Reported     Updated  
Net sales
  $ 328.6     $ 322.0     $ 349.2     $ 341.0  
Cost of sales
    126.2       122.7       127.8       123.5  
 
                       
Gross profit
    202.4       199.3       221.4       217.5  
Selling, general and administrative expenses
    195.1       192.1       202.4       198.9  
Restructuring costs and other, net
    4.3       4.3       2.1       2.1  
 
                       
 
                               
Operating income
    3.0       2.9       16.9       16.5  
 
                       
 
                               
Other expenses (income):
                               
Interest expense
    33.8       33.6       33.6       33.5  
Interest income
    (1.3 )     (1.3 )     (0.2 )     (0.2 )
Amortization of debt issuance costs
    1.1       1.1       0.2       0.2  
Foreign currency losses (gains), net
    0.1       0.1       (0.6 )     (0.6 )
Miscellaneous, net
    0.1       0.1       (1.0 )     (1.0 )
 
                       
Other expenses, net
    33.8       33.6       32.0       31.9  
 
                       
Loss from continuing operations before income taxes
    (30.8 )     (30.7 )     (15.1 )     (15.4 )
Provision for income taxes
    4.4       4.3       (3.8 )     (3.5 )
 
                       
Loss from continuing operations
    (35.2 )     (35.0 )     (11.3 )     (11.9 )
 
                               
(Loss) income from discontinued operations, net of taxes
          (0.2 )           0.6  
 
                       
Net loss
  $ (35.2 )   $ (35.2 )   $ (11.3 )   $ (11.3 )
 
                       
 
                               
Basic (loss) income per common share:
                               
Continuing operations
    (0.72 )     (0.72 )     (0.22 )     (0.23 )
Discontinued operations
                      0.01  
 
                       
Net loss
  $ (0.72 )   $ (0.72 )   $ (0.22 )   $ (0.22 )
 
                       
 
                               
Diluted (loss) income per common share:
                               
Continuing operations
    (0.72 )     (0.72 )     (0.22 )     (0.23 )
Discontinued operations
                      0.01  
 
                       
Net loss
  $ (0.72 )   $ (0.72 )   $ (0.22 )   $ (0.22 )
 
                       
 
                               
Weighted average number of common shares outstanding:
                               
Basic
    48,635,934       48,635,934       50,946,029       50,946,029  
 
                       
Diluted
    48,635,934       48,635,934       50,946,029       50,946,029