Broadening Your Perspective 6-1 The financial statements of Tootsie Roll are presented below. TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data) For the year ended December 31 2010 $528,369 $517,149 $495,592 2011 2009 Net product sales Rental and royalty revenue Total revenue Product cost of goods sold Rental and royalty cost Total costs Product gross margin Rental and royalty gross margin Total gross margin Selling, marketing and administrative expenses Impairment charges Earnings from operations Other income (expense), net Earnings before income taxes Provision for income taxes Net earnings 4,136 4,299 3,739 365,225 349,334319,775 1,088 66263350,422 1,0381,03 852 3,098 3,211 2,887 10 24 171,026 178,704 108,276 106,316103,75.5 14,000 5766 64 25 57,966 60,949 310 ViiX 16,974 8,358 /3,Mitt 20,005 2,100 63,049 9,892 4393-53,063 53,157 Net earnings Other comprehensive earnings (loss) Comprehensive earnings $43,938$53,063 $53,157 (8,740) 1,183 2,845 $35,198 $54246 $56,002