THE TORO COMPANY TTC Income Statement

Oct'19	Oct'18	Oct'17	Oct'16	Oct'15	Oct'14	Oct'13	Oct'12	Oct'11	Oct'10	Oct'09	Oct'08
Net sales
3,138	2,618	2,505	2,392	2,390	2,172	2,041	1,958	1,883	1,690	1,523	1,878
Cost of sales
2,090	1,677	1,584	1,517	1,554	1,399	1,316	1,285	1,247	1,113	1,012	1,225
Gross profit
1,047	941	920	874	835	773	724	673	636	576	510	652
Selling, general and administrative expense
722	567	565	540	536	510	494	467	452	425	395	454
Operating earnings
325	373	355	334	299	263	230	205	184	151	115	198
Interest expense
28	19	19	19	18	15	16	16	16	17	17	19
Other income, net
25	18	17	15	10	8	12	7	7	7	-1	2
Earnings before income taxes
322	372	353	330	291	256	226	196	174	141	95	181
Provision for income taxes
48	100	85	99	89	82	71	66	57	48	32	61
Net earnings
273	271	267	230	201	173	154	129	117	93	62	119
Basic net earnings per share of common stock (usd per share)
2.57	2.56	2.47	2.10	1.81	1.54	2.67	2.18	1.88	1.41	1.76	3.17
Diluted net earnings per share of common stock (usd per share)
2.53	2.50	2.41	2.06	1.78	1.51	2.62	2.14	1.85	1.39	1.73	3.10
Weighted-average number of shares of common stock outstanding — Basic (in shares)
106	106	108	109	111	112	57	59	62	65	35	37
Weighted-average number of shares of common stock outstanding — Diluted (in shares)
108	108	111	111	113	115	59	60	63	66	36	38