Exhibit 99b
FMC CORPORATION AND CONSOLIDATED SUBSIDIARIES
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CONDENSED CONSOLIDATED STATEMENTS OF INCOME
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(Unaudited and in millions, except per share amounts)
Three Months Ended Six Months Ended
June 30 June 30
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2001 2000 2001 2000
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Revenue (1) $ 1,001.3 $ 1,010.9 $ 1,877.9 $ 2,014.5
Operating costs and expenses (1) 909.2 888.0 1,740.3 1,824.5
Asset impairments 323.1 11.6 324.4 11.6
Restructuring and other charges 184.5 45.0 194.7 45.0
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Total costs and expenses 1,416.8 944.6 2,259.4 1,881.1
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(415.5) 66.3 (381.5) 133.4
Minority interests 2.0 0.8 2.4 1.5
Net interest expense 22.6 25.6 43.9 48.6
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Income (loss) before income taxes and cumulative
effect of change in accounting principle (440.1) 39.9 (427.8) 83.3
Provision (benefit) for income taxes (140.3) 1.9 (107.1) 12.5
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Income (loss) before cumulative effect of change in
accounting principle (299.8) 38.0 (320.7) 70.8
Cumulative effect of change in accounting principle,
net of taxes (2) - - (5.6) -
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Net income (loss) $ (299.8) $ 38.0 $ (326.3) $ 70.8
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Basic earnings (loss) per common share:
Income (loss) before cumulative effect of change in
accounting principle $ (9.62) $ 1.25 $ (10.36) $ 2.33
Cumulative effect of change in accounting principle (2) - - (0.18) -
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Net earnings (loss) per common share $ (9.62) $ 1.25 $ (10.54) $ 2.33
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Average number of shares used in basic
earnings (loss) per share computations 31.2 30.4 31.0 30.4
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Diluted earnings (loss) per common share:
Income (loss) before cumulative effect of change in
accounting principle $ (9.62) $ 1.20 $ (10.36) $ 2.25
Cumulative effect of change in accounting principle (2) - - (0.18) -
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Net earnings (loss) per common share $ (9.62) $ 1.20 $ (10.54) $ 2.25
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Average number of shares used in diluted
earnings (loss) per share computations (3) 31.2 31.5 31.0 31.4
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(1) Revenue and operating costs and expenses for 2000 have been adjusted to
apply recently issued accounting guidance for reporting shipping and handling
costs. The reclassification had no effect on previously reported net income or
earnings per share.
(2) The cumulative effect of change in accounting principle net of taxes results
from the adoption of Statement of Financial Accounting Standards No. 133.
(3) The company's loss before cumulative effect of change in accounting
principle in 2001 results in an antidilutive effect in the calculation of
diluted EPS. Accordingly, the potential common shares that cause the
antidilutive effect have been omitted from the calculation of 2001 diluted EPS.