Professional Documents
Culture Documents
$1,234.9
$679.1
$555.8
2010
$1,251.7
$659.0
$592.7
2011
$1,300.4
$681.3
$619.1
2012
$1,334.4
$667.0
$667.4
$339.7
$47.5
($11.8)
$180.4
$348.6
$52.0
($7.6)
$199.7
$351.2
$55.9
($7.0)
$219.0
$373.3
$75.2
($8.2)
$227.1
Interest (Income)
Interest Expense
Pre-Tax Income
($1.3)
$16.2
$165.5
($1.4)
$15.1
$186.0
($1.7)
$20.5
$200.2
($2.0)
$23.7
$205.4
Income Taxes
Net Income
$56.8
$108.7
$64.2
$121.8
$67.5
$132.7
$72.6
$132.8
$38.3
$70.4
$38.7
$83.1
$39.8
$92.9
$40.1
$92.7
Assets
Cash and Marketable Securities
Accounts Receivable
Inventories
Other Current Assets
Total Current Assets
$25.6
$99.4
$109.6
$96.7
$331.3
$23.0
$102.9
$108.0
$91.4
$325.3
$32.1
$107.3
$114.9
$103.7
$358.0
$28.4
$120.1
$116.8
$97.5
$362.8
$680.9
$244.8
$436.1
$734.3
$296.8
$437.5
$820.8
$352.7
$468.1
$913.1
$427.9
$485.2
$203.2
$639.3
$205.1
$642.6
$407.0
$875.1
$456.3
$941.5
$970.6
$967.9
$1,233.1
$1,304.3
$82.8
$39.1
$152.0
$273.9
$77.1
$29.7
$123.8
$230.6
$71.8
$79.8
$172.1
$323.7
$80.5
$110.3
$111.3
$302.1
Dividends
Addition to Retained Earnings
Total Assets
Liabilities and Shareholders' Equity
Accounts Payable
Short-Term Debt
Other Current Liabilities
Total Current Liabilities
Long-Term Debt
Deferred Income Taxes
Other Non-Current Liabilities
Total Liabilities
$163.5
$22.3
$100.6
$560.3
$145.0
$19.6
$80.1
$475.3
$201.8
$15.0
$115.0
$655.5
$218.1
$12.7
$94.5
$627.4
Paid-In Capital
Retained Earnings
Total Shareholders' Equity
$46.9
$363.4
$410.3
$46.1
$446.5
$492.6
$38.2
$539.4
$577.6
$44.8
$632.1
$676.9
$970.6
$967.9
$1,233.1
$1,304.3
Other Data
Stock price (year-end)
Average number of shares outstanding (millions)
$55.50
48.0
$65.30
47.3
$55.70
46.8
$51.40
46.2
2011
$121.8
$52.0
($3.5)
$1.6
$5.3
($5.7)
($28.2)
($2.7)
($20.5)
$120.1
$132.7
$55.9
($4.4)
($6.9)
($12.3)
($5.3)
$48.3
($4.6)
$34.9
$238.3
($53.4)
($1.9)
($55.3)
($86.5)
($201.9)
($288.4)
($9.4)
$50.1
($18.5)
($0.8)
($38.7)
($67.4)
$56.8
($7.9)
($39.8)
$59.2
($2.6)
$9.1
$25.6
$23.0
($2.6)
$23.0
$32.1
$9.1
ng Dec. 31,
2012
$132.8
$75.2
($12.8)
($1.9)
$6.2
$8.7
($60.8)
($2.3)
($20.5)
$124.6
($92.3)
($49.3)
($141.6)
$30.5
$16.3
$6.6
($40.1)
$13.3
($3.7)
$32.1
$28.4
($3.7)
$1,234.9
$679.1
$555.8
2010
$1,251.7
$659.0
$592.7
2011
$1,300.4
$681.3
$619.1
2012
$1,334.4
$667.0
$667.4
$339.7
$47.5
($11.8)
$180.4
$348.6
$52.0
($7.6)
$199.7
$351.2
$55.9
($7.0)
$219.0
$373.3
$75.2
($8.2)
$227.1
Interest (Income)
Interest Expense
Pre-Tax Income
($1.3)
$16.2
$165.5
($1.4)
$15.1
$186.0
($1.7)
$20.5
$200.2
($2.0)
$23.7
$205.4
Income Taxes
Net Income
$56.8
$108.7
$64.2
$121.8
$67.5
$132.7
$72.6
$132.8
$38.3
$70.4
$38.7
$83.1
$39.8
$92.9
$40.1
$92.7
$25.6
$99.4
$109.6
$96.7
$331.3
$23.0
$102.9
$108.0
$91.4
$325.3
$32.1
$107.3
$114.9
$103.7
$358.0
$28.4
$120.1
$116.8
$97.5
$362.8
$734.3
$296.8
$437.5
$820.8
$352.7
$468.1
$913.1
$427.9
$485.2
$203.2
$639.3
$205.1
$642.6
$407.0
$875.1
$456.3
$941.5
$970.6
$967.9
$1,233.1
$1,304.3
$82.8
$39.1
$152.0
$273.9
$77.1
$29.7
$123.8
$230.6
$71.8
$79.8
$172.1
$323.7
$80.5
$110.3
$111.3
$302.1
Dividends
Addition to Retained Earnings
Total Assets
Liabilities and Shareholders' Equity
Accounts Payable
Short-Term Debt
Other Current Liabilities
Total Current Liabilities
Long-Term Debt
Deferred Income Taxes
Other Non-Current Liabilities
Total Liabilities
$163.5
$22.3
$100.6
$560.3
$145.0
$19.6
$80.1
$475.3
$201.8
$15.0
$115.0
$655.5
$218.1
$12.7
$94.5
$627.4
Paid-In Capital
Retained Earnings
Total Shareholders' Equity
$46.9
$363.4
$410.3
$46.1
$446.5
$492.6
$38.2
$539.4
$577.6
$44.8
$632.1
$676.9
$967.9
$1,233.1
$1,304.3
Other Data
Stock price (year-end)
$55.50
Average number of shares outstanding (millions)
48.0
$65.30
47.3
$55.70
46.8
$51.40
46.2
2010
2011
2012
100.0%
55.0%
45.0%
100.0%
52.6%
47.4%
100.0%
52.4%
47.6%
100.0%
50.0%
50.0%
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%
Interest (Income)
Interest Expense
EBT
-0.1%
1.3%
13.4%
-0.1%
1.2%
14.9%
-0.1%
1.6%
15.4%
-0.1%
1.8%
15.4%
Income Taxes
Net Income
4.6%
8.8%
5.1%
9.7%
5.2%
10.2%
5.4%
10.0%
Dividends
Addition to Retained Earnings
3.1%
5.7%
3.1%
6.6%
3.1%
7.1%
3.0%
6.9%
Assets
Cash and Marketable Securities
Accounts Receivable
Inventories
Other Current Assets
Total Current Assets
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%
55.1%
19.8%
35.3%
58.7%
23.7%
35.0%
63.1%
27.1%
36.0%
68.4%
32.1%
36.4%
16.5%
51.8%
16.4%
51.3%
31.3%
67.3%
34.2%
70.6%
78.6%
77.3%
94.8%
97.7%
6.7%
3.2%
6.2%
2.4%
5.5%
6.1%
6.0%
8.3%
22.2%
18.4%
24.9%
22.6%
Sales
Cost of Sales
Gross Operating Income
Total Assets
Liabilities and Shareholders' Equity
Accounts Payable
Short-Term Debt
Other Current Liabilities
Total Current Liabilities
Long-Term Debt
Deferred Income Taxes
Other Non-Current Liabilities
Total Liabilities
13.2%
1.8%
11.6%
1.6%
15.5%
1.2%
16.3%
1.0%
45.4%
38.0%
50.4%
47.0%
Paid-In Capital
Retained Earnings
Total Shareholders' Equity
3.8%
29.4%
33.2%
3.7%
35.7%
39.4%
2.9%
41.5%
44.4%
3.4%
47.4%
50.7%
Other Data
Stock price (year-end)
Average number of shares outstanding (millions)
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%
3.1%
6.6%
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%
22.0%
14.2%
1.4%
45.2%
3.4%
38.5%
41.9%
$1,234.9
$679.1
$555.8
$1,251.7
$659.0
$592.7
$1,300.4
$681.3
$619.1
2012
$1,334.4
$667.0
$667.4
$339.7
$47.5
($11.8)
$180.4
$348.6
$52.0
($7.6)
$199.7
$351.2
$55.9
($7.0)
$219.0
$373.3
$75.2
($8.2)
$227.1
Interest (Income)
Interest Expense
Pre-Tax Income
($1.3)
$16.2
$165.5
($1.4)
$15.1
$186.0
($1.7)
$20.5
$200.2
($2.0)
$23.7
$205.4
Income Taxes
Net Income
$56.8
$108.7
$64.2
$121.8
$67.5
$132.7
$72.6
$132.8
$38.3
$70.4
$38.7
$83.1
$39.8
$92.9
$40.1
$92.7
Assets
Cash and Marketable Securities
Accounts Receivable
Inventories
Other Current Assets
Total Current Assets
$25.6
$99.4
$109.6
$96.7
$331.3
$23.0
$102.9
$108.0
$91.4
$325.3
$32.1
$107.3
$114.9
$103.7
$358.0
$28.4
$120.1
$116.8
$97.5
$362.8
$680.9
$244.8
$436.1
$734.3
$296.8
$437.5
$820.8
$352.7
$468.1
$913.1
$427.9
$485.2
$203.2
$639.3
$205.1
$642.6
$407.0
$875.1
$456.3
$941.5
$970.6
$967.9
$1,233.1
$1,304.3
$82.8
$39.1
$152.0
$273.9
$77.1
$29.7
$123.8
$230.6
$71.8
$79.8
$172.1
$323.7
$80.5
$110.3
$111.3
$302.1
Long-Term Debt
Deferred Income Taxes
Other Non-Current Liabilities
$163.5
$22.3
$100.6
$145.0
$19.6
$80.1
$201.8
$15.0
$115.0
$218.1
$12.7
$94.5
Dividends
Addition to Retained Earnings
Total Assets
Total Liabilities
Paid-In Capital
Retained Earnings
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity
Other Data
Stock price (year-end)
Average number of shares outstanding (millions)
$560.3
$475.3
$655.5
$627.4
$46.9
$363.4
$410.3
$46.1
$446.5
$492.6
$38.2
$539.4
$577.6
$44.8
$632.1
$676.9
$970.6
$967.9
$1,233.1
$1,304.3
$55.50
48.0
$65.30
47.3
$55.70
46.8
$51.40
46.2
2009
2010
2011
2012
$2.26
$0.80
24.5
6.5
35%
$2.58
$0.82
25.3
6.3
32%
$2.83
$0.85
19.6
4.5
30%
$2.87
$0.87
17.9
3.5
30%
14.6%
27.0%
16.0%
24.8%
16.8%
21.2%
17.0%
13.7%
2.6%
1.4%
10.7%
12.1%
10.0%
3.9%
3.9%
9.7%
8.9%
1.4%
2.1%
2.6%
3.7%
0.1%
1.41
0.55
1.11
0.43
1.20
0.49
Growth Rates
Current Ratio
Quick Ratio
1.21
0.46
IT ratio
6.06
6.11
5.76
6.2
12.4
RT ratio
6.10
12.2
5.9
12.1
5.7
11.1
12.37
12.37
11.74
Leverage Ratios
33.1%
26.2%
32.8%
32.7%
26.7%
49.4%
21.7%
35.5%
23.5%
48.8%
21.7%
48.5%
11.1
14.1
13.2
16.7
10.7
13.4
9.6
12.8
Coverage Ratios
2009
2010
2011
2012
100.00%
54.99%
45.01%
1
52.65%
47.35%
1
52.39%
47.61%
1
49.99%
50.01%
27.51%
3.85%
-0.96%
14.61%
0.00%
-0.11%
1.31%
13.40%
27.85%
4.15%
-0.61%
15.95%
0.00%
-0.11%
1.21%
14.86%
27.01%
4.30%
-0.54%
16.84%
0.00%
-0.13%
1.58%
15.40%
27.98%
5.64%
-0.61%
17.02%
0.00%
-0.15%
1.78%
15.39%
4.60%
8.80%
0.00%
3.10%
5.70%
5.13%
9.73%
0.00%
3.09%
6.64%
5.19%
10.20%
0.00%
3.06%
7.14%
5.44%
9.95%
0.00%
3.01%
6.95%
2.07%
8.05%
8.88%
7.83%
26.83%
1.84%
8.22%
8.63%
7.30%
25.99%
2.47%
8.25%
8.84%
7.97%
27.53%
2.13%
9.00%
8.75%
7.31%
27.19%
55.14%
19.82%
35.31%
58.66%
23.71%
34.95%
63.12%
27.12%
36.00%
68.43%
32.07%
36.36%
16.45%
51.77%
16.39%
51.34%
31.30%
67.29%
34.20%
70.56%
78.60%
77.33%
94.82%
97.74%
6.70%
3.17%
12.31%
22.18%
6.16%
2.37%
9.89%
18.42%
5.52%
6.14%
13.23%
24.89%
6.03%
8.27%
8.34%
22.64%
13.24%
1.81%
8.15%
11.58%
1.57%
6.40%
15.52%
1.15%
8.84%
16.34%
0.95%
7.08%
45.37%
37.97%
50.41%
47.02%
3.80%
29.43%
33.23%
3.68%
35.67%
39.35%
2.94%
41.48%
44.42%
3.36%
47.37%
50.73%
78.60%
77.33%
94.82%
97.74%
CA/CL
(Cash+AR)/CL
Alternatively, take the average of INV
Cost of sales/Inv
Sales/AR
Alternatively take average of A/R
Short term and long term/Short term and long term debt+total shh equity
Short term and long term/total shh equity
EBIT/ Interest
EBIT+ depreciation/ Interest