UNITED STATES SURGICAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS

 

In thousands, except per share data 		Years Ended December 31,
1996   1995   1994
Net Sales $1,112,700   $1,022,300   $918,700
    Costs and expenses:        
    Cost of products sold 460,600   451,700   463,600
    Research and development 58,000   43,100   37,500
    Selling, general and administrative 443,400   417,000   366,700
    Interest (net)     9,000       20,700       18,200
        Total costs and expenses 971,000   932,500   886,000
Income before income taxes
141,700 		 
89,800 		 
32,700
Income taxes
    32,600 		 
    10,600 		 
    13,500
Net income
109,100 		 
79,200 		 
19,200
Preferred stock dividends
    19,500 		 
    19,500 		 
    14,900
Net income applicable to
    common stock
 
$89,600
  
$59,700
  
$4,300

Average number of common shares
    outstanding
 
60,500
  
57,000
  
56,600

Net income per common share
    (primary and fully diluted)
 
$1.48
  
$1.05
  
$.08

Dividends paid per common share
 
$.08
  
$.08
  
$.08

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Trademarks of United States Surgical Corporation and its subsidiaries throughout this publication are italicized.
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