TYSON FOODS INC | 2013 | FY | 3


QUARTERLY FINANCIAL DATA (UNAUDITED)
 
 
 
 
in millions, except per share data
 
 
 
First
Quarter

 
Second
Quarter

 
Third
Quarter

 
Fourth
Quarter

2013
 
 
 
 
 
 
 
 
Sales
 
$
8,366

 
$
8,383

 
$
8,731

 
$
8,894

Gross profit
 
539

 
468

 
682

 
669

Operating income
 
304

 
236

 
419

 
416

Net income
 
168

 
106

 
245

 
259

Amounts attributable to Tyson:
 
 
 
 
 
 
 
 
   Net income from continuing operations
 
177

 
157

 
253

 
261

   Net loss from discontinued operation
 
(4
)
 
(62
)
 
(4
)
 

Net income attributable to Tyson
 
173

 
95

 
249

 
261

 
 
 
 
 
 
 
 
 
Net income per share from continuing operations attributable to Tyson:
 
 
 
 
 
 
 
Class A Basic
 
$
0.51

 
$
0.45

 
$
0.73

 
$
0.77

Class B Basic
 
$
0.46

 
$
0.40

 
$
0.66

 
$
0.70

Diluted
 
$
0.49

 
$
0.43

 
$
0.69

 
$
0.70

Net loss per share from discontinued operation attributable to Tyson:
 
 
 
 
 
 
 
Class A Basic
 
$
(0.01
)
 
$
(0.18
)
 
$
(0.01
)
 
$

Class B Basic
 
$
(0.01
)
 
$
(0.15
)
 
$
(0.02
)
 
$

Diluted
 
$
(0.01
)
 
$
(0.17
)
 
$
(0.01
)
 
$

Net income per share attributable to Tyson:
 
 
 
 
 
 
 
 
Class A Basic
 
$
0.50

 
$
0.27

 
$
0.72

 
$
0.77

Class B Basic
 
$
0.45

 
$
0.25

 
$
0.64

 
$
0.70

Diluted
 
$
0.48

 
$
0.26

 
$
0.68

 
$
0.70

2012
 
 
 
 
 
 
 
 
Sales
 
$
8,258

 
$
8,221

 
$
8,261

 
$
8,315

Gross profit
 
497

 
537

 
566

 
590

Operating income
 
284

 
306

 
342

 
354

Net income
 
156

 
166

 
73

 
181

Amounts attributable to Tyson:
 
 
 
 
 
 
 
 
   Net income from continuing operations
 
162

 
170

 
82

 
207

   Net loss from discontinued operation
 
(6
)
 
(4
)
 
(6
)
 
(22
)
Net income attributable to Tyson
 
156

 
166

 
76

 
185

 
 
 
 
 
 
 
 
 
Net income per share from continuing operations attributable to Tyson:
 
 
 
 
 
 
 
Class A Basic
 
$
0.45

 
$
0.48

 
$
0.23

 
$
0.59

Class B Basic
 
$
0.41

 
$
0.43

 
$
0.20

 
$
0.53

Diluted
 
$
0.43

 
$
0.46

 
$
0.22

 
$
0.57

Net loss per share from discontinued operation attributable to Tyson:
 
 
 
 
 
 
 
Class A Basic
 
$
(0.02
)
 
$
(0.01
)
 
$
(0.02
)
 
$
(0.06
)
Class B Basic
 
$
(0.02
)
 
$
(0.01
)
 
$
(0.01
)
 
$
(0.05
)
Diluted
 
$
(0.01
)
 
$
(0.02
)
 
$
(0.01
)
 
$
(0.06
)
Net income per share attributable to Tyson:
 
 
 
 
 
 
 
 
Class A Basic
 
$
0.43

 
$
0.47

 
$
0.21

 
$
0.53

Class B Basic
 
$
0.39

 
$
0.42

 
$
0.19

 
$
0.48

Diluted
 
$
0.42

 
$
0.44

 
$
0.21

 
$
0.51


Second quarter fiscal 2013 net income included a $19 million currency translation adjustment gain recognized in conjunction with the receipt of proceeds constituting the final resolution of our investment in Canada and included a $56 million non-cash charge, reported as a discontinued operation, related to the impairment of Weifang.
Third quarter fiscal 2012 net income included a $167 million pretax charge related to the early extinguishment of debt. Fourth quarter fiscal 2012 net income included a $15 million non-cash charge related to the impairment of Weifang.

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