Financials (10-K): Part II – Statements of income (loss) for each of the three years in the period ended December 31, 2009


TENNECO INC.
CONSOLIDATED STATEMENTS OF INCOME (LOSS)

Year Ended December 31,   2009     2008     2007  
(Millions Except Share and Per Share Amounts)      
Revenues                        
Net sales and operating revenues   $ 4,649     $ 5,916     $ 6,184  
Costs and expenses                        
Cost of sales (exclusive of depreciation and amortization shown below)     3,875       5,063       5,210  
Goodwill impairment charge           114        
Engineering, research, and development     97       127       114  
Selling, general, and administrative     344       392       399  
Depreciation and amortization of intangibles     221       222       205  
      4,537       5,918       5,928  
Other income (expense)                        
Loss on sale of receivables     (9 )     (10 )     (10 )
Other income (expense)     (11 )     9       6  
      (20 )     (1 )     (4 )
Income (loss) before interest expense, income taxes, and noncontrolling interests     92       (3 )     252  
Interest expense (net of interest capitalized of $4 million, $6 million and $6 million, respectively)     133       113       164  
Income tax expense     13       289       83  
Net income (loss)   $ (54 )   $ (405 )   $ 5    
Less: Net income attributable to noncontrolling interests     19       10       10  
Net loss attributable to Tenneco, Inc.   $ (73 )   $ (415 )   $ (5 )  
Earnings (loss) per share                        
Weighted average shares of common stock outstanding —                        
Basic     48,572,463       46,406,095       45,809,730  
Diluted     48,572,463       46,406,095       45,809,730  
Basic loss per share of common stock   $ (1.50 )   $ (8.95 )   $ (0.11 )  
Diluted loss per share of common stock   $ (1.50 )   $ (8.95 )   $ (0.11 )  

The accompanying notes to consolidated financial statements are an integral part of these statements of income (loss).