EX-99.2 3 y00580exv99w2.htm EX-99.2: CONSOLIDATED STATEMENTS OF OPERATIONS EX-99.2
Exhibit 99.2
REVLON, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(dollars in millions, except per share data)
                                 
    Three Months Ended     Three Months Ended  
    March 31, 2008     June 30, 2008  
    As Reported     Updated     As Reported     Updated  
Net sales
  $ 320.4     $ 311.7     $ 376.4     $ 366.5  
Cost of sales
    117.4       113.1       130.0       124.5  
 
                       
Gross profit
    203.0       198.6       246.4       242.0  
 
                               
Selling, general and administrative expenses
    176.7       172.8       192.4       188.2  
Restructuring costs and other, net
    (6.2 )     (6.2 )     (5.4 )     (5.4 )
 
                       
 
                               
Operating income
    32.5       32.0       59.4       59.2  
 
                       
 
                               
Other expenses (income):
                               
Interest expense
    32.1       32.1       30.8       30.7  
Interest income
    (0.3 )     (0.3 )     (0.2 )      
Amortization of debt issuance costs
    1.3       1.3       1.5       1.4  
Foreign currency (gains), net
    (4.3 )     (4.3 )     (1.3 )     (1.2 )
Miscellaneous, net
    0.1       0.1       (0.1 )     (0.1 )
 
                       
Other expenses, net
    28.9       28.9       30.7       30.8  
 
                       
Income from continuing operations before income taxes
    3.6       3.1       28.7       28.4  
Provision for income taxes
    6.1       5.8       8.8       8.6  
 
                       
(Loss) income from continuing operations
    (2.5 )     (2.7 )     19.9       19.8  
 
                               
Income from discontinued operations, net of taxes
          0.2             0.1  
 
                       
Net (loss) income
  $ (2.5 )   $ (2.5 )   $ 19.9     $ 19.9  
 
                       
 
                               
Basic (loss) income per common share:
                               
Continuing operations
    (0.05 )     (0.05 )     0.39       0.39  
Discontinued operations
                       
 
                       
Net (loss) income
  $ (0.05 )   $ (0.05 )   $ 0.39     $ 0.39  
 
                       
 
                               
Diluted (loss) income per common share:
                               
Continuing operations
    (0.05 )     (0.05 )     0.39       0.39  
Discontinued operations
                       
 
                       
Net (loss) income
  $ (0.05 )   $ (0.05 )   $ 0.39     $ 0.39  
 
                       
 
                               
Weighted average number of common shares outstanding:
                               
Basic
    51,168,134       51,168,134       51,170,036       51,170,036  
 
                       
Diluted
    51,168,134       51,168,134       51,232,982       51,232,982