The document summarizes The Shaw Group Inc.'s annual meeting for fiscal year 2008. It provides key financial results including record revenue, EBITDA, net income, and EPS. It also discusses major projects, growth in backlog to $15.6 billion, and guidance for fiscal year 2009 revenues of $7.1-7.3 billion and EPS of $2.50-2.70 per share.
Patrick D. Campbell, Senior Vice President and CFO
The document provides an agenda for a two-day 3M investor conference. Day one includes presentations from several senior vice presidents on topics like financial results, health care business, and safety services. There will be product displays and tours of the 3M Innovation Center. Day two includes presentations on supply chain operations and tours of a pilot plant and main Hutchinson manufacturing plant. The document also provides forward-looking statements about 3M's financial projections and discloses risk factors that could affect results.
This presentation discusses CSX Corporation's performance and outlook. It notes that CSX has created significant shareholder value in recent years. The company is focused on delivering double-digit growth through 2010 by executing its long-term strategy and meeting new financial targets. The rail renaissance environment remains strong due to tight transportation capacity and pricing power, though the economy is moderating. CSX is making capacity investments to leverage growth around major ports and intermodal volumes. The company aims to continue its financial and operational momentum while delivering value for shareholders.
This annual report summarizes the company's financial highlights and provides an overview of its commitments and investments over the past year. It discusses achieving operational excellence, pursuing safety, and investing in capital projects, business optimization, and asset management to generate strong returns. The CEO highlights strong financial results in 2007, including earnings per share of $7.72, total shareholder return of over 37%, and $6 billion returned to shareholders through dividends and share repurchases.
GasLog Ltd. reported financial results for the fourth quarter and full year of 2012. For Q4, revenue was $18.3 million with a profit of $2.7 million. For the full year, revenue totaled $68.5 million with a profit of $4.2 million. Additionally, GasLog took delivery of a new LNG carrier ahead of schedule and contracted for two new LNG vessels to be delivered in 2016 with 10-year charters.
- Raytheon's financial outlook is strong, with projected bookings of $24.5-25B in 2005 and $22-23B in 2006, and sales projected to grow from $21.6-22.1B in 2005 to $23.1-23.6B in 2006.
- The company has generated excellent cash flow in recent years through strong execution, with cash conversion averaging 110% and debt reduced by $3B from 2003 to 2005. Further debt reduction and increased dividends are planned.
- Projected EPS growth is from $2.00-2.05 in 2005 to $2.40-2.50 in 2006, and return on invested capital is
The document discusses the 2008 results and 2009 plan for an institutional business. Some key points include:
- Excellent top-line growth and solid core earnings were achieved in 2008.
- Premiums, fees and other revenues are projected to increase from $16.5-$16.7 billion in 2008 to $17.3-$17.7 billion in 2009. However, operating earnings are expected to decline slightly to $1.6-$1.66 billion due to lower investment income and expense management.
- The business will focus on maintaining fundamentals, investing in growth opportunities, aggressively managing expenses, and communicating their value proposition in 2009.
Raytheon reported third quarter earnings for 2005. Key highlights included a 24% increase in EPS from continuing operations, 8% increase in net sales, and $702 million in free cash flow. Raytheon also updated 2005 guidance, increasing EPS expectations to $2.00-$2.05 and free cash flow to $1.6-$1.8 billion. Initial 2006 EPS guidance was given as $2.40-$2.50.
Hexion Chemicals held a conference on March 25, 2008 to discuss its financial results and outlook. The presentation contained forward-looking statements and non-GAAP financial measures with reconciliations provided. Hexion achieved strong revenue and earnings growth in 2007 driven by diversification across segments, geographies, and end markets. Management expects volatility in raw material costs to continue into 2008 and remains focused on productivity initiatives, synergies, and strategic acquisitions to fuel further growth.
This document summarizes Dana Holding Corporation's second quarter 2008 conference call that took place on August 7, 2008. The presentation discusses Dana's financial results for the second quarter of 2008, including lower profits impacted by rising steel costs and lower North American production volumes. It also provides updates on Dana's response plans to address issues in its North American operations and cost reductions. Key priorities discussed include offsetting steel costs, rightsizing North American automotive operations, and executing the strategic plan.
Spectra Energy reported ongoing earnings per share of $0.38 for the third quarter of 2007, up 32% from the third quarter of 2006. Key drivers of earnings growth included excellent results from U.S. Transmission, Distribution, and Western Canada Transmission and Processing segments. The company is confident it will achieve its 2007 financial goals and remains committed to delivering 8-10% total shareholder return through steady growth and an attractive dividend.
El Paso Corporation provides a third quarter 2008 financial and operational update. Key points include:
- Earnings were higher driven by growth in the pipeline and E&P businesses. However, results were impacted by $63 million from changes in fair value of power contracts.
- Cash flow from operations was over $2 billion for the first nine months of 2008.
- Capital expenditures totaled $1.9 billion through September 2008, with a planned $3 billion budget for 2009 focused on pipelines and E&P.
- Pipeline throughput increased 5% from 2007, and three expansion projects were placed in service. However, earnings were impacted by $12 million from hurricanes.
This document provides a summary of PSEG's earnings conference call for the first quarter of 2007. Key highlights include:
1) PSEG reported operating earnings of $335 million or $1.32 per share for Q1 2007, an increase from $213 million or $0.85 per share in Q1 2006.
2) PSEG Power delivered strong results driven by the roll-off of below-market contracts and sustained top quartile nuclear performance.
3) PSE&G saw earnings growth from rate relief received in late 2006 and more normal weather compared to unusually warm conditions in 2006.
4) Cash flow and liquidity remain strong, allowing PSEG to reduce parent debt levels
Micron Technology held a financial conference call to discuss its third quarter of fiscal year 2008 results. The call began with standard safe harbor language warning that any projections made during the call are subject to risks and uncertainties that could cause actual results to differ materially. The CFO then presented key financial results for the third quarter including net sales, gross margin, operating loss, tax provisions, and net loss per share. Operating expenses and capital expenditures were also discussed. The VP of Worldwide Sales then presented charts on trends in memory pricing and PC memory content versus PC unit shipments.
This document is Micron Technology's quarterly report filed with the SEC for the quarter ended May 29, 2008 on Form 10-Q. The summary provides the following key points:
1) Micron reported a net loss of $236 million for the quarter on net sales of $1.498 billion compared to a net loss of $225 million on net sales of $1.294 billion in the same quarter last year.
2) As of May 29, 2008, Micron had $1.474 billion in cash and equivalents, total assets of $13.616 billion, total liabilities of $4.297 billion, and total shareholders' equity of $6.508 billion.
3
This 2001 annual report from Kelly Services summarizes their financial performance for the year. It begins with a dedication to Terence E. "Ted" Adderley Jr., the son of their Chairman and CEO, who was killed in the September 11th attacks. It then discusses how the economic recession and 9/11 impacted their business, with sales down 5% to $4.3 billion and earnings down 81% to $16.5 million from the previous year. However, they were still able to assign over 700,000 employees and gain market share. The report outlines how they focused on strengthening relationships, controlling expenses, and gaining market share to manage through the difficult economic conditions.
Gafisa reported its 4Q12 and full year 2012 results on March 12, 2013. Key highlights included:
1) Positive consolidated free cash generation of R$381mn in 4Q12 and R$685mn in 2012, exceeding cash flow guidance.
2) Unit deliveries increased 20% to 27,107 units in 2012, exceeding guidance.
3) Launches totaled R$1.49bn in 4Q12 and R$2.95bn for the full year, near the high end of guidance.
4) Actions taken in 2012 positioned the company with a comfortable cash position and improved balance sheet as it prepares to accelerate investments in 2013.
This investor presentation discusses RR Donnelley's financial performance and strategy. It highlights RR Donnelley's scale in a fragmented market, breadth and depth of offerings, and strong cash flow generation. The presentation also notes that RR Donnelley has achieved greater growth than the broader print market through acquisitions and productivity gains. Finally, it emphasizes RR Donnelley's commitment to maintaining strong investment grade credit metrics and financial discipline.
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009finance36
The Shaw Group reported strong revenue and earnings from operations in the first quarter of fiscal year 2009, excluding impacts from Westinghouse. However, the company reported a $161 million non-cash loss due to foreign exchange impacts on Westinghouse yen bonds as the yen continued to appreciate against the dollar. Shaw also signed its largest ever contract, a nuclear EPC deal with Progress Energy Florida, after the close of the quarter. Segment results were mixed, with continued growth in Fossil & Nuclear, E&C, and E&I, while Maintenance revenues grew but margins declined and F&M margins fell due to changes in product mix.
Patrick D. Campbell, Senior Vice President and CFOfinance10
The document provides an agenda for a two-day 3M investor conference. Day one includes presentations from several senior vice presidents on topics like financial results, health care business, and safety services. There will be product displays and tours of the 3M Innovation Center. Day two includes presentations on supply chain operations and tours of a pilot plant and main Hutchinson manufacturing plant. The document also provides forward-looking statements about 3M's financial projections and discloses risk factors that could affect results.
This presentation discusses CSX Corporation's performance and outlook. It notes that CSX has created significant shareholder value in recent years. The company is focused on delivering double-digit growth through 2010 by executing its long-term strategy and meeting new financial targets. The rail renaissance environment remains strong due to tight transportation capacity and pricing power, though the economy is moderating. CSX is making capacity investments to leverage growth around major ports and intermodal volumes. The company aims to continue its financial and operational momentum while delivering value for shareholders.
This annual report summarizes the company's financial highlights and provides an overview of its commitments and investments over the past year. It discusses achieving operational excellence, pursuing safety, and investing in capital projects, business optimization, and asset management to generate strong returns. The CEO highlights strong financial results in 2007, including earnings per share of $7.72, total shareholder return of over 37%, and $6 billion returned to shareholders through dividends and share repurchases.
GasLog Ltd. reported financial results for the fourth quarter and full year of 2012. For Q4, revenue was $18.3 million with a profit of $2.7 million. For the full year, revenue totaled $68.5 million with a profit of $4.2 million. Additionally, GasLog took delivery of a new LNG carrier ahead of schedule and contracted for two new LNG vessels to be delivered in 2016 with 10-year charters.
- Raytheon's financial outlook is strong, with projected bookings of $24.5-25B in 2005 and $22-23B in 2006, and sales projected to grow from $21.6-22.1B in 2005 to $23.1-23.6B in 2006.
- The company has generated excellent cash flow in recent years through strong execution, with cash conversion averaging 110% and debt reduced by $3B from 2003 to 2005. Further debt reduction and increased dividends are planned.
- Projected EPS growth is from $2.00-2.05 in 2005 to $2.40-2.50 in 2006, and return on invested capital is
The document discusses the 2008 results and 2009 plan for an institutional business. Some key points include:
- Excellent top-line growth and solid core earnings were achieved in 2008.
- Premiums, fees and other revenues are projected to increase from $16.5-$16.7 billion in 2008 to $17.3-$17.7 billion in 2009. However, operating earnings are expected to decline slightly to $1.6-$1.66 billion due to lower investment income and expense management.
- The business will focus on maintaining fundamentals, investing in growth opportunities, aggressively managing expenses, and communicating their value proposition in 2009.
Raytheon Reports 2005 Third Quarter Resultsfinance12
Raytheon reported third quarter earnings for 2005. Key highlights included a 24% increase in EPS from continuing operations, 8% increase in net sales, and $702 million in free cash flow. Raytheon also updated 2005 guidance, increasing EPS expectations to $2.00-$2.05 and free cash flow to $1.6-$1.8 billion. Initial 2006 EPS guidance was given as $2.40-$2.50.
Hexion Chemicals held a conference on March 25, 2008 to discuss its financial results and outlook. The presentation contained forward-looking statements and non-GAAP financial measures with reconciliations provided. Hexion achieved strong revenue and earnings growth in 2007 driven by diversification across segments, geographies, and end markets. Management expects volatility in raw material costs to continue into 2008 and remains focused on productivity initiatives, synergies, and strategic acquisitions to fuel further growth.
This document summarizes Dana Holding Corporation's second quarter 2008 conference call that took place on August 7, 2008. The presentation discusses Dana's financial results for the second quarter of 2008, including lower profits impacted by rising steel costs and lower North American production volumes. It also provides updates on Dana's response plans to address issues in its North American operations and cost reductions. Key priorities discussed include offsetting steel costs, rightsizing North American automotive operations, and executing the strategic plan.
Spectra Energy reported ongoing earnings per share of $0.38 for the third quarter of 2007, up 32% from the third quarter of 2006. Key drivers of earnings growth included excellent results from U.S. Transmission, Distribution, and Western Canada Transmission and Processing segments. The company is confident it will achieve its 2007 financial goals and remains committed to delivering 8-10% total shareholder return through steady growth and an attractive dividend.
El Paso Corporation provides a third quarter 2008 financial and operational update. Key points include:
- Earnings were higher driven by growth in the pipeline and E&P businesses. However, results were impacted by $63 million from changes in fair value of power contracts.
- Cash flow from operations was over $2 billion for the first nine months of 2008.
- Capital expenditures totaled $1.9 billion through September 2008, with a planned $3 billion budget for 2009 focused on pipelines and E&P.
- Pipeline throughput increased 5% from 2007, and three expansion projects were placed in service. However, earnings were impacted by $12 million from hurricanes.
public serviceenterprise group 1Q 2007 Slidesfinance20
This document provides a summary of PSEG's earnings conference call for the first quarter of 2007. Key highlights include:
1) PSEG reported operating earnings of $335 million or $1.32 per share for Q1 2007, an increase from $213 million or $0.85 per share in Q1 2006.
2) PSEG Power delivered strong results driven by the roll-off of below-market contracts and sustained top quartile nuclear performance.
3) PSE&G saw earnings growth from rate relief received in late 2006 and more normal weather compared to unusually warm conditions in 2006.
4) Cash flow and liquidity remain strong, allowing PSEG to reduce parent debt levels
Micron Technology held a financial conference call to discuss its third quarter of fiscal year 2008 results. The call began with standard safe harbor language warning that any projections made during the call are subject to risks and uncertainties that could cause actual results to differ materially. The CFO then presented key financial results for the third quarter including net sales, gross margin, operating loss, tax provisions, and net loss per share. Operating expenses and capital expenditures were also discussed. The VP of Worldwide Sales then presented charts on trends in memory pricing and PC memory content versus PC unit shipments.
This document is Micron Technology's quarterly report filed with the SEC for the quarter ended May 29, 2008 on Form 10-Q. The summary provides the following key points:
1) Micron reported a net loss of $236 million for the quarter on net sales of $1.498 billion compared to a net loss of $225 million on net sales of $1.294 billion in the same quarter last year.
2) As of May 29, 2008, Micron had $1.474 billion in cash and equivalents, total assets of $13.616 billion, total liabilities of $4.297 billion, and total shareholders' equity of $6.508 billion.
3
This 2001 annual report from Kelly Services summarizes their financial performance for the year. It begins with a dedication to Terence E. "Ted" Adderley Jr., the son of their Chairman and CEO, who was killed in the September 11th attacks. It then discusses how the economic recession and 9/11 impacted their business, with sales down 5% to $4.3 billion and earnings down 81% to $16.5 million from the previous year. However, they were still able to assign over 700,000 employees and gain market share. The report outlines how they focused on strengthening relationships, controlling expenses, and gaining market share to manage through the difficult economic conditions.
Kelly Services is a global staffing company that provides temporary staffing and workforce solutions. In 2007, Kelly Services assigned over 750,000 employees in 36 countries and territories, generating $5.7 billion in revenue. Kelly Services was founded in 1946 and is headquartered in Troy, Michigan. The annual report summarizes Kelly Services' financial performance in 2007, global expansion efforts, and strategic plan to diversify geographically and grow its professional and technical staffing services internationally.
The document is Micron Technology's Form 10-Q for the quarterly period ended May 28, 1998. It includes Micron's consolidated balance sheets, statements of operations, and statements of cash flows for the periods ended May 28, 1998 and May 29, 1997. The balance sheet shows total assets of $4.7 billion including $507.9 million of cash and equivalents. Total liabilities were $1.8 billion. The statement of operations indicates a net loss of $106.1 million for the quarter ended May 28, 1998 compared to net income of $96.8 million in the prior year period. Cash used by operations was $111.6 million for the nine months ended May 28, 1998.
- Unisys Corporation reported a net loss of $130.1 million for the year ended December 31, 2008 compared to a net loss of $79.1 million for the year ended December 31, 2007. Revenue decreased from $5,652.5 million to $5,233.2 million over the same period.
- Cash used for investing activities was $283.0 million for 2008, which was primarily used to purchase investments of $6,190.3 million and make capital additions of $210 million, partially offset by proceeds from investments of $6,208.2 million.
- Cash used for financing activities was $200.9 million for 2008, primarily due to paying off $200 million
This document is Micron Technology's Form 10-Q filing for the quarter ending March 3, 2005. It includes their consolidated statements of operations and balance sheets for the quarter and six months ended March 3, 2005. For the quarter, Micron reported net sales of $1.31 billion and net income of $117.9 million. As of March 3, 2005, Micron had $8.08 billion in total assets, $2.17 billion in total liabilities, and $5.91 billion in total shareholders' equity.
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009finance36
The Shaw Group reported strong revenue and earnings from operations in the first quarter of fiscal year 2009, excluding impacts from Westinghouse. However, the company reported a $161 million non-cash loss due to foreign exchange impacts on Westinghouse yen bonds as the yen continued to appreciate against the dollar. Shaw also signed its largest ever contract, a nuclear EPC deal with Progress Energy Florida, after the close of the quarter. Segment revenues increased across Fossil and Nuclear, E&C, E&I, and F&M, though some segments saw lower margins due to project mix changes.
Sanjiv Khattri, Executive Vice President and CFO of GMAC Financial Services U...finance8
This document is the transcript from a fixed income investor presentation given by Sanjiv Khattri, Executive Vice President and Chief Financial Officer of GMAC. The presentation summarizes GMAC's financial performance in Q2 2007, including details on results from their auto finance, insurance, and Residential Capital (ResCap) business segments. It provides key metrics on ResCap's mortgage portfolios and credit quality, noting continued challenges from the weak US housing market.
El Paso Corporation reported higher third quarter 2008 earnings compared to third quarter 2007, driven by growth in its pipeline and exploration and production businesses. Earnings were impacted by unrealized mark-to-market gains and losses on derivatives, as well as changes in the fair value of power contracts and legacy indemnifications. While earnings were strong, El Paso also outlined plans to maintain liquidity through asset sales to preserve its future growth opportunities and weather current market conditions.
Goodrich Corporation reported first quarter 2008 results with sales growth of 13% and segment operating income margin increasing from 14.9% to 17.3%. Net income per diluted share increased 59% to $1.24, which includes $0.03 from discontinued operations. For full-year 2008, Goodrich increased its sales outlook to $7.2-7.3 billion (13-14% growth) and net income per diluted share outlook to $4.30-$4.45 (14-18% growth). Key drivers include strong demand for commercial aircraft and aftermarket services as well as defense programs.
Goodrich Corporation reported first quarter 2008 results with sales growth of 13% and segment operating income margin increasing from 14.9% to 17.3%. Net income per diluted share increased 59% to $1.24, including $0.03 from discontinued operations. For full-year 2008, Goodrich increased its sales outlook to $7.2-7.3 billion (13-14% growth) and net income per diluted share outlook to $4.30-$4.45 (14-18% growth). Key drivers included strong commercial aircraft production and aftermarket demand as well as positions on new defense platforms.
This document summarizes Raytheon's financial results for the fourth quarter and full year of 2008. Key points include: Raytheon reported solid financial results for Q4 and full year 2008, with record backlog of $38.9 billion; Q4 sales were $6.1 billion and adjusted EPS was $1.13; Full year sales grew 9% to $23.2 billion and adjusted EPS grew 23% to $4.06; Raytheon reaffirmed its financial guidance for 2009 and expects continued growth.
Sanjiv Khattri, Executive Vice President and CFO of GMAC Financial Services 2...finance8
This document provides a summary of GMAC's preliminary second quarter 2007 earnings results. Key points include:
- Net income of $293 million, down from $787 million in Q2 2006. Excluding ResCap, net income doubled year-over-year.
- ResCap results improved due to reducing nonprime exposure and production, though credit quality continues to weaken with the housing market.
- Auto finance continues to perform well with improving margins and originations up.
- Insurance had favorable underwriting results.
- GMAC and ResCap maintain strong liquidity positions with $17.5 billion in cash and marketable securities.
GE reported preliminary unaudited results for its 2008 fourth quarter. Revenues were $183 billion, in line with expectations. Continuing earnings per share were $1.78, also meeting expectations. Industrial cash flow from operating activities was $16.7 billion, slightly higher than expected. The results demonstrate that GE executed on its plan and prepared for a difficult 2009. GE is focused on intensifying management processes, increasing cash focus, repositioning its Financial Services business, and lowering costs through $1.5 billion in restructuring and other charges.
El Paso Corporation reported strong financial results for the second quarter of 2007, with EBIT of $470 million and diluted EPS of $0.22. Exploration and Production was ahead of target for the quarter and on target for the full year. The Pipelines business was also ahead of target for the quarter and on target for the year with more opportunities on the horizon. Adjusted diluted EPS, excluding one-time costs, was $0.29. The company remains focused on delivering meaningful results through its core businesses of Pipelines and Exploration and Production.
El Paso Corporation reported strong second quarter earnings, with Exploration and Production ahead of target. The company's pipeline group also performed well above the second quarter of last year, supported by increased throughput. El Paso continues to advance its portfolio of committed growth projects across its pipeline network. Overall, the company is on track to achieve its financial and operational targets for 2007.
- The company reported financial and operational results for the first quarter of 2007, with pipeline and E&P results on target.
- Pipeline throughput was up 9% from the first quarter of 2006 due to new supply, expansions, power loads, and colder weather. Several pipeline expansion projects were completed or underway.
- E&P production was on target and a South Texas acquisition was completed for $254 million. Exploration continued in Brazil and the organization's capabilities were increased.
- The company reported financial and operational results for the first quarter of 2007, with pipeline and E&P results on target.
- Pipeline throughput was up 9% from the first quarter of 2006 due to new supply, expansions, power loads, and colder weather. Several pipeline expansion projects were underway.
- E&P production was on target and a South Texas acquisition was completed for $254 million. Exploration continued in Brazil and the production program was on budget.
Sanjiv Khattri, Executive Vice President and CFO of GMAC Financial Services A...finance8
1) The document is an investor presentation by GMAC's EVP & CFO from April 2007.
2) It summarizes GMAC's financial performance in 2006, noting challenges in the US residential mortgage market.
3) It provides an outlook for 2007, expecting continued pressure from nonprime assets but stabilization overall as strategic initiatives are implemented.
This presentation discusses CSX Corporation's performance and outlook. It notes that CSX has created significant shareholder value in recent years. The company is targeting double-digit growth through 2010 by executing on its strategy and continuous improvement. While the economy is moderating, the rail renaissance environment remains strong due to tight transportation capacity and pricing power. CSX is making infrastructure investments to leverage long-term growth in intermodal volumes driven by increasing port traffic. The company's capital philosophy focuses on productivity to support its goal of long-term value creation.
This presentation provides an overview and summary of CSX Corporation's financial performance and targets. CSX has created significant shareholder value as shown by strong stock performance that has outpaced industry benchmarks. The company is targeting double-digit earnings growth through 2010 by further improving its operating ratio to the mid-70s range and increasing operating income and earnings per share at a compound annual growth rate of 10-12% and 15-17%, respectively. CSX will balance capital investments focused on growth with returning cash to shareholders through dividends and share buybacks.
This presentation provides an overview and summary of CSX Corporation's financial performance and targets. CSX has created significant shareholder value as shown by strong stock performance that has outpaced industry benchmarks. The company is targeting double-digit earnings growth through 2010 by further improving its operating ratio to the mid-70s range and increasing operating income and earnings per share at a compound annual growth rate of 10-12% and 15-17%, respectively. CSX will balance capital investments focused on growth with returning cash to shareholders through dividends and share buybacks.
This presentation provides an overview and summary of CSX Corporation's financial performance and targets. CSX has created significant shareholder value as shown by strong stock performance that has outpaced industry benchmarks. The company is targeting double-digit earnings growth through 2010 by further improving its operating ratio to the mid-70s range and increasing operating income and earnings per share at a compound annual growth rate of 10-12% and 15-17%, respectively. CSX will balance capital investments focused on growth with returning cash to shareholders through dividends and share buybacks.
This presentation provides an overview and summary of CSX Corporation's financial performance and targets. CSX has created significant shareholder value as shown by strong stock performance that has outpaced industry benchmarks. The company is targeting double-digit earnings growth through 2010 by further improving its operating ratio to the mid-70s range and increasing operating income and earnings per share at a compound annual growth rate of 10-12% and 15-17%, respectively. CSX will balance capital investments focused on growth with returning cash to shareholders through dividends and share buybacks.
The document provides a summary of AES Corporation's 2006 financial review and 2007 outlook. In 2006, AES achieved record levels of revenue, gross margin, and net cash from operating activities. They also continued growth through completing construction of three power plants totaling 1,446 MW of capacity and acquiring 73 MW of wind generation. For 2007, AES expects continued growth through six new power projects totaling 1,915 MW of capacity under construction.
air products & chemicals fy 08 q2 earningsfinance26
- Air Products reported a 40% increase in quarterly EPS to $1.43 per share and a 38% increase in net income to $314 million for its fiscal second quarter.
- Revenues increased 13% to $2.6 billion due to higher volumes in Tonnage Gases and Electronics and Performance Materials as well as higher pricing in Merchant Gases.
- Based on strong first half performance, Air Products raised its full year EPS guidance to a range of $4.95 to $5.05 per share, representing 18-20% annual growth.
Similar to shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting012809 (20)
This document is a Form 10-Q quarterly report filed by Unisys Corporation with the SEC for the quarter ending March 31, 2001. It includes Unisys' consolidated balance sheet, statement of income, statement of cash flows, and notes to the financial statements. The financial statements show that for the quarter, Unisys reported revenue of $1.6 billion, net income of $69.3 million, and ended the quarter with $326 million in cash and cash equivalents.
This document is a Form 10-Q quarterly report filed by Unisys Corporation with the SEC for the quarter ended June 30, 2001. The report includes Unisys' consolidated balance sheet, statement of income, statement of cash flows, and notes to the financial statements. It summarizes Unisys' financial performance and position, including reporting a net income of $12.1 million on revenue of $1.46 billion for the quarter.
This document is a Form 10-Q quarterly report filed by Unisys Corporation with the Securities and Exchange Commission for the quarter ending September 30, 2001. The report includes Unisys' consolidated balance sheet, statement of income, and statement of cash flows for the periods. It shows that for the quarter, Unisys reported revenue of $1.376 billion and net income of $20.9 million. For the nine months, revenue was $4.461 billion and net income was $102.3 million.
This document is Unisys Corporation's annual report (Form 10-K) filed with the Securities and Exchange Commission for the fiscal year ending December 31, 2001. It summarizes Unisys' business operations, principal products and services, customers, competition, research and development activities, and other details. Unisys has two business segments - Services and Technology. The Services segment provides consulting, outsourcing, and other services, while the Technology segment develops servers and related products. Major customers include companies in financial services, communications, and the US government.
This document is a Form 10-Q quarterly report filed by Unisys Corporation with the Securities and Exchange Commission for the quarterly period ended March 31, 2002. The report includes Unisys' consolidated balance sheet, statement of income, and statement of cash flows for the periods ended March 31, 2002 and 2001. It also includes notes to the financial statements providing additional details on earnings per share calculations, adoption of new accounting standards, segment information, and other items.
This document is a SEC Form 10-Q filing for Unisys Corporation for the quarterly period ended June 30, 2002. It includes Unisys' consolidated balance sheet, statement of income, and statement of cash flows for the periods. The filing shows that for the six months ended June 30, 2002, Unisys reported revenue of $2.72 billion and net income of $74.9 million. Cash and cash equivalents decreased to $201.1 million as of June 30, 2002 from $325.9 million as of December 31, 2001.
This document is a quarterly report filed with the SEC by Unisys Corporation for the quarter ending September 30, 2002. It includes Unisys' consolidated balance sheet, income statement, and cash flow statement for the periods shown. The balance sheet shows the company had total assets of $5.48 billion against total liabilities and stockholders' equity of the same amount. The income statement indicates net income of $59 million for the quarter on revenues of $1.33 billion. Cash flow from operations was $70 million for the first nine months of the year. Notes to the financial statements provide additional details on earnings per share calculations and the impact of a new accounting standard for goodwill.
This document is the Unisys Corporation's annual report (Form 10-K) filed with the Securities and Exchange Commission for the fiscal year ending December 31, 2002. It provides information on Unisys' business segments of Services and Technology, its principal products and services, markets, materials, intellectual property, seasonality, customers, backlog, and competition. Unisys is a global information technology company offering systems integration, outsourcing, infrastructure services, server technology, and consulting. Its major customers include governments and companies in financial services, communications and other industries.
This document is Unisys Corporation's quarterly report filed with the SEC for the quarter ending March 31, 2003. It includes the consolidated balance sheet, income statement, cash flow statement, and notes for the quarter. The balance sheet shows total assets of $5.1 billion including $433.1 million in cash. Total liabilities were $1.9 billion including long-term debt of $1.0 billion. Stockholders' equity was $901.6 million. The income statement shows revenue of $1.4 billion and net income of $38.5 million. Cash flow from operations was negative $64.9 million for the quarter.
Unisys Corporation filed a Form 10-Q with the SEC for the quarterly period ended June 30, 2003. The filing includes Unisys' consolidated balance sheet, income statement, and notes to the financial statements. For the quarter, Unisys reported revenue of $1.425 billion, net income of $52.5 million, and earnings per share of $0.16. Year-to-date, Unisys reported revenue of $2.824 billion, net income of $91 million, and earnings per share of $0.28. As of June 30, 2003, Unisys had total assets of $5.155 billion and total stockholders' equity of $1.002 billion
This document is Unisys Corporation's quarterly report filed with the SEC for the third quarter of 2003. It includes Unisys' consolidated balance sheet, income statement, and cash flow statement for the periods ended September 30, 2003 and 2002. Key details include total revenue of $1.45 billion for Q3 2003, net income of $56.2 million, and basic earnings per share of $0.17. For the nine months ended September 30, 2003, total revenue was $4.27 billion and net income was $147.2 million.
This document is a Form 10-K filed by Unisys Corporation with the Securities and Exchange Commission for the fiscal year ended December 31, 2003. It provides an overview of Unisys, including that it is a global information technology company with Services and Technology business segments. It describes Unisys' principal products and services in each segment, as well as information on customers, materials, patents, seasonality, backlog, and competition.
This document is Unisys Corporation's quarterly report filed with the SEC for the quarter ended March 31, 2004. It includes Unisys' consolidated balance sheets, statements of income, and statements of cash flows for the quarters ended March 31, 2004 and 2003. For the quarter ended March 31, 2004, Unisys reported revenue of $1.46 billion and net income of $28.9 million.
Unisys Corporation reported financial results for the first quarter of 2004 and 2003. Revenue increased slightly from $1.4 billion to $1.46 billion year-over-year. Net income was $28.9 million compared to $38.5 million in the prior year. Earnings per share were $0.09 compared to $0.12. The company also provided supplemental non-GAAP information excluding pension expenses/income to enhance understanding of operational performance. Free cash flow was $16.1 million compared to negative $154.3 million in the prior year period.
This SEC filing is Unisys Corporation's quarterly report on Form 10-Q for the quarter ended June 30, 2004. It includes Unisys' consolidated financial statements, including their balance sheet, income statement, and statement of cash flows for the quarter. It also provides notes to the financial statements and breaks down revenue and operating results by business segment. The filing provides investors with Unisys' financial performance and position for the quarter according to US GAAP and SEC regulations.
- Unisys Corporation reported consolidated financial results for the second quarter and first half of 2004 compared to the same periods in 2003.
- Total revenue was $1.388 billion for Q2 2004 compared to $1.425 billion for Q2 2003. Net income was $19.4 million for Q2 2004 compared to $52.5 million for Q2 2003.
- For the first half of 2004, total revenue was $2.851 billion compared to $2.824 billion for the first half of 2003. Net income was $48.3 million for the first half of 2004 compared to $91 million for the same period of 2003.
This document is a Form 10-Q quarterly report filed by Unisys Corporation with the SEC for the quarter ended September 30, 2004. The report includes Unisys' consolidated financial statements and notes. It summarizes that for the quarter, Unisys reported revenue of $1.45 billion, operating income of -$38 million, and net income of $25.2 million. Additionally, the report notes a $82 million pretax restructuring charge related to headcount reductions of approximately 1,400 employees and facility consolidation.
The document provides financial information for Unisys Corporation, including revenue, costs, expenses, operating income, net income, and earnings per share for quarters ending September 30, 2004 and 2003 and year-to-date periods ending September 30, 2004 and 2003. It also includes balance sheet information as of September 30, 2004 and December 31, 2003 and cash flow information for the nine month periods ending September 30, 2004 and 2003.
This document is a Form 10-K filed by Unisys Corporation with the Securities and Exchange Commission for the fiscal year ended December 31, 2004. It provides an overview of Unisys' business operations, organizational structure, products and services, facilities, legal proceedings, executive officers, and financial performance. Unisys has two business segments - Services and Technology. It provides a variety of IT services and solutions, as well as proprietary servers and technologies. Key details in the filing include a description of Unisys' major markets, suppliers, patents, backlog, competition, research and development expenses, environmental matters, international presence, and available information.
- Unisys Corporation reported revenue of $1.524 billion for Q4 2004, down from $1.637 billion in Q4 2003, and revenue of $5.821 billion for 2004, down from $5.911 billion in 2003.
- Net income was $34.9 million loss for Q4 2004 compared to net income of $111.5 million in Q4 2003, and net income was $38.6 million for 2004 compared to $258.7 million in 2003.
- Cash and cash equivalents increased to $660.5 million at the end of 2004 from $635.9 million at the end of 2003.
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shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting012809
1. The Shaw Group Inc.
FY 2008 Annual Meeting
Wednesday, January 28, 2009
J.M. Bernhard Jr.
Chairman, President & Chief Executive Officer
54M012008B
2. Forward Looking Statements &
Regulation G Disclosure
This presentation contains forward-looking information and statements within the
meaning of the Private Securities Litigation Act of 1995. The words “believe,” “expect,”
“anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” or other similar
expressions are intended to identify forward-looking statements, which are generally not
historical in nature. These forward-looking statements are based on our current
expectations and beliefs concerning future developments and their effect on us.
However, the absence of these words does not mean that the statements are not
forward-looking. Our forward-looking statements involve significant risks and
uncertainties, some of which are beyond our control and actual results may differ
materially from those expressed or implied by forward-looking statements as a result of
many factors or events, including current economic conditions and resulting capital
constraints, as well as the factors we discuss or refer to in the “Risk Factors” section of
our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K filed with the Securities and Exchange Commission (SEC)
and on our website under the heading “Forward-Looking Statements.”
This presentation contains non-GAAP measures as defined by the SEC rules and
regulations. A reconciliation of these measures to the most directly comparable GAAP
measures is included in the attached appendix and on our Web site at
54M012008B
www.shawgrp.com in the Investor Relations section under “Regulation G Disclosures.”
2
3. Summary of FY 2008
• Company continued to significantly grow its operations
• Ranked “#1 in Power” by ENR magazine
• Signed first 3 nuclear EPC contracts (one subsequent to fiscal
year end)
• Record financial results: Revenue, EBITDA, Net Income, EPS,
Operating Cash Flow, and Cash Balance
• Received credit rating upgrades from Moody’s and S&P
• Increased credit facility from $850M to $1.05B
54M012008B
• Entering Fiscal 2009 with a strong backlog
3
4. Selected Major Projects Underway In FY 2008
MOX – South Carolina
SHARQ – Saudi Arabia
IHNC Hurricane Protection –
AP1000 Nuclear - China
Louisiana
54M012008B
Cleco Rodemacher – Louisiana
4
5. FY 2008: Financial Results
Record FY 2008 FY 2007
(in millions, except per As Reported Westinghouse Actuals Actuals
share data) Segment Excluding Excluding
Westinghouse* Westinghouse*
Revenue $ 6,998.0 $ 0.0 $ 6,998.0 $ 5,723.7
Gross Profit 586.0 0.0 586.0 375.4
EBITDA* 316.6 (45.9) 362.5 92.1
Net Income 140.7 (50.7) 191.4 19.4
Diluted EPS 1.67 (0.60) 2.27 0.24
Operating Cash Flow 623.9 (25.9) 649.8 477.4
New Awards 8,282.7 N/A 8,282.7 10,941.1
•• Strong revenue growth continues – led by Fossil & Nuclear, E&C, and F&M
Strong revenue growth continues – led by Fossil & Nuclear, E&C, and F&M
•• Record EBITDA, Net Income, and EPS
Record EBITDA, Net Income, and EPS
•• Record Operating Cash Flow; total cash balance $937M
Record Operating Cash Flow; total cash balance $937M
•• Strong new orders result in a $15.6 billion backlog entering 2009
Strong new orders result in a $15.6 billion backlog entering 2009
02M102007D
*See Appendices for a reconciliation to the corresponding GAAP measure.
5
6. Shaw Experienced Significant EBITDA Growth
In FY 2008
$363
($ in millions)
Increase of nearly 300% year-over-year
Increase of nearly 300% year-over-year
69% compound annual growth over last 4 years
69% compound annual growth over last 4 years
$124
$92
$90
$45
FY 2004 FY 2005 FY 2006 FY 2007 FY 2008
54M012008B
Note: EBITDA is defined as earnings before interest expense, income taxes, depreciation and amortization;
values for FY2007 and FY2008 exclude the Westinghouse segment.
See Appendices for a reconciliation to the corresponding GAAP measure.
6
7. Cash and Debt at End of FY08
Record
937
($ in millions)
Cash
Debt
688
663
482
361
218
178 165
107
86
28 28
17 18 10
13
Q-1 FY07 Q-2 FY07 Q-3 FY07 Q-4 FY07 Q-1 FY08 Q-2 FY08 Q-3 FY08 Q-4 FY08
Operating Cash Flow of $624M for FY 2008
Operating Cash Flow of $624M for FY 2008
02M102007D
Notes:
1. Cash balance represents the sum of cash, cash equivalents and restricted cash.
2. Total debt excludes Japanese Yen-denominated bonds secured by Investment in Westinghouse. See Appendices for a
reconciliation to the corresponding GAAP measure.
7
8. Consolidated Backlog and Backlog Conversion
(as of 8/31/08)
Backlog by Business Segment Expected Backlog Conversion
($ in billions)
Consolidated
Next
Fabrication & Manufacturing
$15.6 13-24 months
12 months
Energy & Chemicals $14.3 27%
$0.8 37%
Environmental & Infrastructure
$0.7 $2.2
$4.2B
Maintenance
$2.6
Fossil & Nuclear
$5.7B
$9.1 $5.1
$5.7B
$2.6
$0.4
$6.7 $1.4
$1.7
$5.8 $1.4
$4.8 $2.8 Greater than
24 months
$6.1
$6.7
$1.3 36%
$3.2
FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008
Backlog excludes majority of domestic nuclear work expected to be performed under signed
Backlog excludes majority of domestic nuclear work expected to be performed under signed
54M012008B
EPC contracts (Georgia Power, SCE&G, and Progress Energy Florida)
EPC contracts (Georgia Power, SCE&G, and Progress Energy Florida)
8
9. Fossil and Nuclear Projects Present
Significant Upside To Backlog At 8/31/2008
Backlog + Projects Where Shaw Has Been Selected But Work Has Not Been Released
$37.6
($ in billions)
Consolidated
Fabrication & Manufacturing • RWE
• Progress
Energy & Chemicals
Energy
Environmental & Infrastructure • SCE&G /
$22.0
Maintenance Santee Cooper
• Southern
Fossil & Nuclear (Georgia
Fossil & Nuclear – selected but Power)
projects not in backlog
$14.3 Total - $15.6
$0.8
$2.2
$9.1
$5.1
$6.7
$5.8
$4.8 $1.4
$6.1
54M012008B
FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008
Full Spectrum of Shaw’s Workload Approaching $40B
Full Spectrum of Shaw’s Workload Approaching $40B
9
10. Shaw Has Created Significant
Long-Term Value For Shareholders
End of FY 2008
SGR vs. S&P 500: Sept. 1, 1999 – Jan. 27, 2009
700%
SGR
600%
SGR up nearly 175% over past 10+ years, even
SGR up nearly 175% over past 10+ years, even
500%
when considering the recent economic
when considering the recent economic
downturn, as compared to the S&P 500, which
downturn, as compared to the S&P 500, which
400%
is down approx. 40% during the same period
is down approx. 40% during the same period
300%
200%
100%
S&P 500
0%
-100%
02M102007D
9/1/99 9/1/00 9/1/01 9/1/02 9/1/03 9/1/04 9/1/05 9/1/06 9/1/07 9/1/08
10
11. FY08 Summary
• 2008 was a strong year for Shaw
with record earnings and cash flow
• Backlog positions us for a stronger
year in 2009
• First EPC Nuclear projects remain
on track
• Our focus on regulated electric
utilities, national and international
oil companies, and the U.S.
Government should continue to
provide us with stability through
these tough economic times
02M102007D
11
12. FY2009 Guidance
Communicated on Q-4 FY08 Earnings Call
Metric Guidance
Revenue $7.1 - $7.3 Billion
Diluted EPS, excluding
$2.50 - $2.70 per share
Westinghouse
Operating Cash Flow $250 - $300 Million
Earnings expected to be driven by projects in
Earnings expected to be driven by projects in
backlog from Fossil & Nuclear, F&M, and E&C.
backlog from Fossil & Nuclear, F&M, and E&C.
Operating Cash Flow expected to be driven
Operating Cash Flow expected to be driven
02M102007D
primarily by Fossil & Nuclear.
primarily by Fossil & Nuclear.
12
14. The Shaw Group Inc.
FY 2008 Annual Meeting
Regulation G Appendices
Wednesday, January 28, 2009
02M102007D
15. Appendix 1: EBITDA Reconciliation
FY 2008
FY 2008
Westinghouse Excluding
(in millions) Consolidated Segment Westinghouse
Net Income (Loss) $ 140.7 $ (50.7) $ 191.4
Interest Expense 46.0 37.4 8.6
Depreciation and Amortization 47.1 - 47.1
Provision for Income Taxes 71.4 (42.2) 113.6
Income Taxes on Unconsolidated Subs 11.4 9.6 1.8
Income Taxes on Discontinued Ops - - -
EBITDA $ 316.6 $ (45.9) $ 362.5
02M102007D
Note: EBITDA is defined as earnings before interest expense, income taxes,
depreciation and amortization. EBITDA is an important financial measure used by The
Shaw Group Inc. to assess performance.
15
16. Appendix 1: EBITDA Reconciliation
FY 2007
FY 2007
Westinghouse Excluding
(in millions) Consolidated Segment Westinghouse
Net Income (Loss) $ (19.0) $ (38.4) $ 19.4
Interest Expense 43.4 30.6 12.8
Depreciation and Amortization 41.3 - 41.3
Provision for Income Taxes 10.7 (26.1) 36.8
Income Taxes on Unconsolidated Subs (16.8) 1.4 (18.2)
Income Taxes on Discontinued Ops - - -
EBITDA $ 59.6 $ (32.5) $ 92.1
02M102007D
Note: EBITDA is defined as earnings before interest expense, income taxes,
depreciation and amortization. EBITDA is an important financial measure used by The
Shaw Group Inc. to assess performance.
16
17. Appendix 1: EBITDA Reconciliation
FY 2004- FY 2006
FY 2004 FY 2005 FY 2006
(in millions)
Net Income (Loss) $ (33) $ 16 $ 50
Interest Expense 38 29 19
Depreciation and Amortization 59 28 35
Provision for Income Taxes (15) 17 18
Income Taxes on Unconsolidated Subs 2
- -
Income Taxes on Discontinued Ops (4) - -
EBITDA $ 45 $ 90 $ 124
02M102007D
Note: EBITDA is defined as earnings before interest expense, income taxes,
depreciation and amortization. EBITDA is an important financial measure used by The
Shaw Group Inc. to assess performance.
17
18. Appendix 2: FY 2008 Reconciliation of
Income excluding Westinghouse
FY 2008
(in millions, except per share data)
Twelve months ended August 31, 2008
Westinghouse Excluding
Consolidated Segment Westinghouse
Revenues $6,998.0 $0.0 $6,998.0
Cost of revenues 6,412.0 0.0 6,412.0
Gross profit 586.0 0.0 586.0
General and administrative expenses 276.3 0.9 275.4
Operating income (loss) 309.7 (0.9) 310.6
Interest expense (8.6) 0.0 (8.6)
Interest expense on JPY-denominated bonds including accretion and amortization (37.4) (37.4) 0.0
Interest income 20.9 0.0 20.9
Foreign currency translation gains (losses) on JPY-denominated bonds, net (69.7) (69.7) 0.0
Other foreign currency transaction gains (losses), net 6.6 0.0 6.6
Other income (expense), net (1.0) 0.1 (1.1)
(89.2) (107.0) 17.8
Income (loss) before income taxes, minority interest, earnings (losses) from
unconsolidated entities (b) 220.5 (107.9) 328.4
Provision (benefit) for income taxes (a) 71.4 (42.2) 113.6
Income (loss) before minority interest and earnings (losses) from unconsolidated entities 149.1 (65.7) 214.8
Minority interest (c) (26.1) 0.0 (26.1)
Income from 20% Investment in Westinghouse, net of income taxes 15.0 15.0 0.0
Earnings (losses) from unconsolidated entities, net of income taxes 2.7 0.0 2.7
Net income (loss) $140.7 ($50.7) $191.4
Net income (loss) per common share:
Basic income (loss) per common share $ 1.71 $ (0.62) $ 2.33
Diluted income (loss) per common share $ 1.67 $ (0.60) $ 2.27
Weighted average shares outstanding:
Basic 82.1 82.1 82.1
Diluted: 84.2 84.2 84.2
02M102007D
Effective tax rate [a/(b+c)] 37% 39% 38%
18 Note: Presents our income statement excluding the Investment in Westinghouse segment
19. Appendix 2: FY 2007 Reconciliation of
Income excluding Westinghouse
(in millions, except per share data) FY 2007
Twelve months ended August 31, 2007
Westinghouse Excluding
Consolidated Segment Westinghouse
Revenues $5,723.7 $0.0 $5,723.7
Cost of revenues 5,348.3 0.0 5,348.3
Gross profit 375.4 0.0 375.4
General and administrative expenses 274.5 2.9 271.6
Operating income (loss) 100.9 (2.9) 103.8
Interest expense (12.8) 0.0 (12.8)
Interest expense on JPY-denominated bonds including accretion and amortization (30.6) (30.6) 0.0
Interest income 13.8 0.0 13.8
Foreign currency translation gains (losses) on JPY-denominated bonds, net (33.2) (33.2) 0.0
Other foreign currency transaction gains (losses), net (5.3) 0.0 (5.3)
Other income (expense), net 0.3 0.0 0.3
(67.8) (63.8) (4.0)
Income (loss) before income taxes, minority interest, earnings (losses) from
unconsolidated entities and loss from and impairment of discontinued operations (b) 33.1 (66.7) 99.8
Provision (benefit) for income taxes (a) 10.7 (26.1) 36.8
Income (loss) before minority interest and earnings (losses) from unconsolidated entities 22.4 (40.6) 63.0
Minority interest (c) (17.7) 0.0 (17.7)
Income from 20% Investment in Westinghouse, net of income taxes 2.2 2.2 0.0
Earnings (losses) from unconsolidated entities, net of income taxes (25.9) 0.0 (25.9)
Net income (loss) ($19.0) ($38.4) $19.4
Net income (loss) per common share:
Basic income (loss) per common share $ (0.24) $ (0.48) $ 0.24
Diluted income (loss) per common share $ (0.24) $ (0.48) $ 0.24
Weighted average shares outstanding:
Basic 79.9 79.9 79.9
Diluted: 79.9 79.9 81.8
02M102007D
Effective tax rate [a/(b+c)] 70% 39% 45%
19 Note: Presents our income statement excluding the Investment in Westinghouse segment
20. Appendix 3: Total Debt Reconciliation
Restated Restated Restated Restated Restated
(in millions) Q4 FY 2008 Q3 FY 2008 Q2 FY 2008 Q1 FY 2008 Q4 FY 2007 Q3 FY 2007 Q2 FY 2007 Q1 FY 2007
Financed Insurance Premiums $0.0 $2.4 $7.4 $11.1 $0.0 $3.1 $6.6 $10.4
Current maturities of long-term debt 4.5 4.4 2.7 4.6 5.4 8.8 9.1 9.5
Short-term revolving line of credit 0.0 0.0 1.0 2.3 0.2 2.8 2.7 2.5
Current portion of obligations under capital leases 1.5 1.8 1.9 2.2 2.1 2.2 2.2 1.8
Short-term debt and current maturities of long-term debt 6.0 8.6 13.0 20.2 7.7 16.9 20.6 24.2
Revolving line of credit 0.0 0.0 0.0 0.0 0.0 0.0 39.0 53.0
Long-term debt, less current maturities 3.3 3.5 3.8 6.6 7.5 8.6 23.8 26.7
Obligations under capital leases, less current portion 0.3 0.4 0.8 1.3 1.8 2.2 2.8 3.0
Long-term debt, less current maturities 3.6 3.9 4.6 7.9 9.3 10.8 65.6 82.7
Japanese Yen-denominated long-term bonds secured by
Investment in Westinghouse, net 1,162.0 1,197.1 1,187.8 1,145.6 1,087.4 1,033.9 1,048.3 1,080.6
Total Debt $1,171.6 $1,209.5 $1,205.4 $1,173.7 $1,104.4 $1,061.6 $1,134.5 $1,187.5
Less: Westinghouse Debt 1,162.0 1,197.1 1,187.8 1,145.6 1,087.4 1,033.9 1,048.3 1,080.6
Total Debt, excluding Westinghouse $9.6 $12.5 $17.6 $28.1 $17.0 $27.7 $86.2 $106.9
02M102007D
Note: To show our total debt excluding the Japanese Yen-denominated bonds
20