Eme r s on 2013 Ann u al R e por t 31 2011 2012 2013 Net sales 24222 24412 24669 Costs and expenses Cost of sales 14665 14644 14717 Selling general and administrative expenses 5328 5436 5648 Goodwill impairment 19 592 528 Other deductions net 356 401 362 Interest expense net of interest income 2011 23 2012 17 2013 16 223 224 218 Earnings from continuing operations before income taxes 3631 3115 3196 Income taxes 1127 1091 1130 Earnings from continuing operations 2504 2024 2066 Discontinued operations net of tax 2011 30 26 Net earnings 2530 2024 2066 Less Noncontrolling interests in earnings of subsidiaries 50 56 62 Net earnings common stockholders 2480 1968 2004 Earnings common stockholders Earnings from continuing operations 2454 1968 2004 Discontinued operations net of tax 26 Net earnings common stockholders 2480 1968 2004 Basic earnings per share common stockholders Earnings from continuing operations 326 268 278 Discontinued operations 003 Basic earnings per common share 329 268 278 Diluted earnings per share common stockholders Earnings from continuing operations 324 267 276 Discontinued operations 003 Diluted earnings per common share 327 267 276 E m E rso N E l E ctric co su B si D iari E s Y e a r s e n d e d S e p t e m b e r 3 0 D o l l a r s i n m i l l i o ns e x ce p t p e r s h a r e a m o u n t s S e e a cc o m p a n y i n g N o t e s t o C o ns o l i d a t e d F i n a n c i a l S t a t e m e n t s c o N s o li D a t ED s t a t E m EN ts o f E ar N i N g s