88 Understanding the Numbers EXHIBIT Adjustment worksheet for sustainable earnings base: Baker Hughes Inc., years ended September 30 (in millions). 1995 Reported net income or (loss) Add Pretax LIFO liquidation losses Losses on sales of fixed assets Losses on sales of investments Losses on sales of “other” assets Restructuring charges (unusual charge) Investment write-downs Inventory write-downs (included in cost of sales) Other asset write-downs Foreign currency losses Litigation charges Losses on patent infringement suits Exceptional bad debt provisions Temporary expense increases Temporary revenue reductions Other Other Other Subtotal Multiply by (1 – Combined federal and state tax rates) Tax-adjusted additions.
