Historical Income Statements and Balance Sheets

$
$
$

Sales
Cost of Sales
Gross Operating Income

1999
$ 1,234.9
$
679.1
$
555.80

(39.90)
(3.40)
(43.30)
Year Ending Dec, 31
2000
1251.7
$
659.0
$
592.70

Selling, General & Admin Expenses

Depreciation
Other Net (Income) / Expenses
EBIT

$
$
$
$

339.7
47.5
(11.8)
180.40

$
$
$
$

348.6
52.0
(7.6)
199.70

Interest (Income)
Interest Expenses
Pre-Tax Income

$
$
$

(1.3) $
16.2 $
165.50 $

(1.4)
15.1
186.00

Income Taxes
Net Income

$
$

56.8
108.7

$
$

64.2
121.8

Dividens
Addition to Retained Earnings

$
$

38.3
70.4

$
$

38.7
83.1

Balance Sheet ($Million)

Assets
Cash and Marketable Securities
Account Receivable
Inventories
Other Current Assets
Total Current Assets

$
$
$
$
$

25.6
99.4
109.6
96.7
331.30

$
$
$
$
$

23.0
102.9
108.0
91.4
325.30

Property, Plant and Equipment, Gross

Accummulated Depreciation
Property, Plant and Equipment, Net

$
$
$

680.9
244.8
436.10

$
$
$

734.3
296.8
437.50

Other Non-Current Assets

Total Non-Current Assets

$
$

203.2
639.30

$
$

205.1
642.60

Total Assets

970.60

967.90

Liabilities ans Shareholder's Equity

Account Payable
Short Term Debt
Other Current Liabilities

$
$
$

82.8
39.1
152.0

$
$
$

77.1
29.7
123.8

Income Statement ($ Million)

Total Current Liabilities

273.90

230.60

Long Term Debt

Deferred Income Taxes
Other Non-Current Liabilities
Total Liabilities

$
$
$
$

163.5
22.3
100.6
560.30

$
$
$
$

145.0
19.6
80.1
475.30

Paid-In Capital
Retained Earning
Total Shareholder's Equity

$
$
$

46.9
363.4
410.3

$
$
$

46.1
446.5
492.6

Total Liabilities and Shareholder's Equity

970.6

967.9

Other Data
Stock Price (year-end)
Average number of shares outstanding (millions)

55.5
48.0

65.3
47.3

$ 1,797.00

$ 1,763.10
$
(33.90)

Year Ending

$
$

$
(46.70)
579.60 $
532.90
$
(46.70)
Dec, 31
2001
2002
1300.4
1334.4
681.3 $
667.0
619.10 $
667.40

$
$
$
$

351.2
55.9
(7.0)
219.00

$
$
$
$

373.3
75.2
(8.2)
227.10

$
$
$

(1.7) $
20.5 $
200.20 $

(2.0)
23.7
205.40

$
$

67.5
132.7

$
$

72.6
132.8

$
$

39.8
92.9

$
$

40.1
92.7

$
$
$
$
$

32.1
107.3
114.9
103.7
358.00

$
$
$
$
$

28.4
120.1
116.8
97.5
362.80

$
$
$

820.8
352.7
468.10

$
$
$

913.1
427.9
485.20

$
$

407.0
875.10

$
$

456.3
941.50

$ 1,233.10

$ 1,304.30

$
$
$

$
$
$

71.8
79.8
172.1

80.5
110.3
111.3

323.70

302.10

$
$
$
$

201.8
15.0
115.0
655.50

$
$
$
$

218.1
12.7
94.5
627.40

$
$
$

38.2
539.4
577.6

$
$
$

44.8
632.1
676.9

1,233.1

1,304.3

55.7
46.8

51.4
46.2

Year Ending Dec, 31

1999
Cash Flow from Operations
Net Income
Depreciation Expenses
Decrease / (Increase) in Accounts Receivable
Decrease / (Increase) in Inventories
Decrease / (Increase) in Other Current Assets
Increase / (Decrease) in Accounts payable
Increase / (Decrease) in Other Current Liabilities
Increase / (Decrease) in Deferred income Taxes
Increase / (Decrease) in Other Non - Current Liabilities
Total Cash Flows from Operations

$ 121.8
$
52.0
$
(3.5)
$
1.6
$
5.3
$
(5.7)
$ (28.2)
$
(2.7)
$ (20.5)

Cash Flows from Investing

(Additions to) Property, Plant & Equipment
(Investment) in Other Non-Current Assets
Total Cash Flows from Investing

$ (53.4)
$
(1.9)
$ (55.3)

Cash Flows from Financing

From Issuance / (Repayment) of Short - Term Debt
From Issuance / (Repayment) of Short - Long Debt
From Sale / (Repurchase) of Equity
Cash Dividens Paid to Shareholders
Total Cash Flows from Financing

$
(9.4)
$ (18.5)
$
(0.8)
$ (38.7)
$ (67.4)

Net Change in Cash & Marketable Securities

(2.6)

Beginning Cash & Marketable securities

Ending Cash & Marketable Securities
Net Change in Cash & Marketable Securities

$
$
$

25.6
23.0
(2.6)

Year Ending Dec, 31

2000
2001

2002

$
$
$
$
$
$
$
$
$
$

121.8
52.0
(3.5)
1.6
5.3
(5.7)
(28.2)
(2.7)
(20.5)
120.1

$ 132.7 $ 132.8
$
55.9 $
75.2
$
(4.4) $ (12.8)
$
(6.9) $
(1.9)
$ (12.3) $
6.2
$
(5.3) $
8.7
$
48.3 $ (60.8)
$
(4.6) $
(2.3)
$
34.9 $ (20.5)
$ 238.3 $ 124.6

$
$
$

(53.4) $ (86.5) $ (92.3)

(1.9) $ (201.9) $ (49.3)
(55.3) $(288.4) $(141.6)

$
$
$
$
$

(9.4)
(18.5)
(0.8)
(38.7)
(67.4)

$
$
$
$
$

(2.6) $

$
$
$

25.6 $
23.0 $
(2.6) $
1

50.1
56.8
(7.9)
(39.8)
59.2

$
$
$
$
$

30.5
16.3
6.6
(40.1)
13.3

9.1

(3.7)

23.0 $
32.1 $
9.1 $
1

32.1
28.4
(3.7)
1

Historical Income Statements and Balance Sheets

Common Size Statement

Sales
Cost of Sales
Gross Operating Income

1999
$ 1,234.9
$
679.1
$ 555.80

Year Ending Dec, 31

2000
1251.7
$ 659.0
$ 592.70

Selling, General & Admin Expenses

Depreciation
Other Net (Income) / Expenses
EBIT

$
339.7
$
47.5
$
(11.8)
$ 180.40

$ 348.6
$
52.0
$
(7.6)
$ 199.70

Interest (Income)
Interest Expenses
Pre-Tax Income

$
(1.3) $
(1.4)
$
16.2 $
15.1
$ 165.50 $ 186.00

Income Taxes
Net Income

$
$

Dividens
Addition to Retained Earnings

$
$

Balance Sheet ($Million)

Assets
Cash and Marketable Securities
Account Receivable
Inventories
Other Current Assets
Total Current Assets

$
25.6
$
99.4
$
109.6
$
96.7
$ 331.30

$
23.0
$ 102.9
$ 108.0
$
91.4
$ 325.30

Property, Plant and Equipment, Gross

Accummulated Depreciation
Property, Plant and Equipment, Net

$
680.9
$
244.8
$ 436.10

$ 734.3
$ 296.8
$ 437.50

Other Non-Current Assets

Total Non-Current Assets

$
203.2
$ 639.30

$ 205.1
$ 642.60

Total Assets

$ 970.60

$ 967.90

Liabilities ans Shareholder's Equity

Account Payable
Short Term Debt
Other Current Liabilities

$
$
$

$
$
$

56.8 $
64.2
108.7 $ 121.8
38.3
70.4

82.8
39.1
152.0

$
$

38.7
83.1

77.1
29.7
123.8

Total Current Liabilities

$ 273.90

$ 230.60

Long Term Debt

Deferred Income Taxes
Other Non-Current Liabilities
Total Liabilities

$
163.5
$
22.3
$
100.6
$ 560.30

$ 145.0
$
19.6
$
80.1
$ 475.30

Paid-In Capital
Retained Earning
Total Shareholder's Equity

$
$
$

46.9
363.4
410.3

$
$
$

46.1
446.5
492.6

Total Liabilities and Shareholder's Equity

970.6

967.9

Other Data
Stock Price (year-end)
Average number of shares outstanding (millions)

55.5
48.0

65.3
47.3

Year Ending Dec, 31

2001
2002
1300.4
1334.4
$
681.3 $
667.0
$
619.10 $
667.40

Year Ending Dec, 31

1999
2000
2001
100.0%
100.0%
100.0%
55.0%
52.6%
52.4%
45.0%
47.4%
47.6%

2002
100.0%
50.0%
50.0%

$
$
$
$

351.2
55.9
(7.0)
219.00

$
$
$
$

373.3
75.2
(8.2)
227.10

27.5%
3.8%
-1.0%
14.6%

27.9%
4.2%
-0.6%
16.0%

27.0%
4.3%
-0.5%
16.8%

28.0%
5.6%
-0.6%
17.0%

$
$
$

(1.7) $
20.5 $
200.20 $

(2.0)
23.7
205.40

-0.1%
1.3%
13.4%

-0.1%
1.2%
14.9%

-0.1%
1.6%
15.4%

-0.1%
1.8%
15.4%

$
$

67.5
132.7

$
$

72.6
132.8

4.6%
8.8%

5.1%
9.7%

5.2%
10.2%

5.4%
10.0%

$
$

39.8
92.9

$
$

40.1
92.7

$
$
$
$
$

32.1
107.3
114.9
103.7
358.00

$
$
$
$
$

28.4
120.1
116.8
97.5
362.80

2.1%
8.0%
8.9%
7.8%
26.8%

1.8%
8.2%
8.6%
7.3%
26.0%

2.5%
8.3%
8.8%
8.0%
27.5%

2.1%
9.0%
8.8%
7.3%
27.2%

$
$
$

820.8
352.7
468.10

$
$
$

913.1
427.9
485.20

55.1%
19.8%
35.3%

58.7%
23.7%
35.0%

63.1%
27.1%
36.0%

68.4%
32.1%
36.4%

$
$

407.0
875.10

$
$

456.3
941.50

16.5%
51.8%

16.4%
51.3%

31.3%
67.3%

34.2%
70.6%

$ 1,233.10

$ 1,304.30

78.6%

77.3%

94.8%

97.7%

$
$
$

$
$
$

6.7%
3.2%
12.3%

6.2%
2.4%
9.9%

5.5%
6.1%
13.2%

6.0%
8.3%
8.3%

71.8
79.8
172.1

80.5
110.3
111.3

323.70

302.10

22.2%

18.4%

24.9%

22.6%

$
$
$
$

201.8
15.0
115.0
655.50

$
$
$
$

218.1
12.7
94.5
627.40

13.2%
1.8%
8.1%
45.4%

11.6%
1.6%
6.4%
38.0%

15.5%
1.2%
8.8%
50.4%

16.3%
1.0%
7.1%
47.0%

$
$
$

38.2
539.4
577.6

$
$
$

44.8
632.1
676.9

3.8%
29.4%
33.2%

3.7%
35.7%
39.4%

2.9%
41.5%
44.4%

3.4%
47.4%
50.7%

1,233.1

1,304.3

78.6%

77.3%

94.8%

97.7%

55.7
46.8

51.4
46.2

Average
100.0%
52.5%
47.5%
27.6%
4.5%
-0.7%
16.1%
-0.1%
1.5%
14.8%
5.1%
9.7%

2.1%
8.4%
8.8%
7.6%
26.9%
61.3%
25.7%
35.7%
24.6%
60.2%
87.1%

6.1%
5.0%
10.9%

22.0%
14.2%
1.4%
7.6%
45.2%
3.4%
38.5%
41.9%
87.1%