This document provides supplemental financial information for The Black & Decker Corporation for the years 2007, 2006 and 2005. It includes sales, segment profit, depreciation, capital expenditures and other data for the company's three business segments - Power Tools & Accessories, Hardware & Home Improvement, and Fastening & Assembly Systems. It also provides a reconciliation of segment profit to consolidated earnings before income taxes. The information is presented in tables and is translated to budgeted foreign exchange rates for 2008 for comparability across years.
This document provides supplemental financial information about The Black & Decker Corporation's business segments for the years 2004-2006 and quarters 2005-2006. It includes tables showing sales, segment profit, depreciation, capital expenditures, and reconciliations to consolidated operating income and earnings before taxes by segment and year/quarter. The information is presented in US dollars and has been translated to the Corporation's 2007 budgeted foreign exchange rates for comparability over time.
United Health Group [PDF Document] Form 8-K Related to Earnings Releasefinance3
This document is a Form 8-K filed by UnitedHealth Group with the Securities and Exchange Commission announcing their fourth quarter and full year 2005 financial results. Some key highlights include:
- Fourth quarter earnings per share of $0.65, up 20% year-over-year. Full year earnings per share of $2.48, up 26% year-over-year.
- Fourth quarter revenues of $12.05 billion, up 15% year-over-year. Full year revenues of $45.37 billion, up 22% year-over-year.
- Operating margin for the fourth quarter was 11.9% and 11.8% for the full year.
- On December 20
energy future holindings Q3_08_Investor_Call_Deck_FINALfinance29
This document summarizes key points from an investor call held by EFH Corp. on November 6, 2008. It discusses EFH Corp.'s financial results for Q3 2008 compared to Q3 2007, including adjusted operating earnings, interest expense, and purchase accounting adjustments. It also provides an overview of operational results for Oncor, TXU Energy, and Luminant in Q3 2008, including impacts from Hurricane Ike and progress on new generation projects. The document concludes with an appendix including Regulation G reconciliations.
United Health Group [PDF Document] Form 8-K Related to Earnings Releasefinance3
This document is a Form 8-K filing by UnitedHealth Group Incorporated with the Securities and Exchange Commission announcing their fourth quarter and full year 2006 financial results. It includes information on revenues, costs, earnings from operations, earnings before income taxes, and net earnings for the quarter both on a GAAP basis and on a "Part D Normalized" non-GAAP basis. It also provides reconciliations between the GAAP and non-GAAP figures. Key figures include total revenues of $18.2 billion on a GAAP basis and $18.5 billion on a non-GAAP basis. Net earnings were $1.2 billion on a GAAP basis and $1.1 billion on a non-
- Tribune Company reported a net loss of $138.9 million for Q3 2001 compared to net income of $79.2 million in Q3 2000. Operating revenues decreased 7% to $1.275 billion.
- Operating profit declined significantly due to restructuring charges of $130.7 million related to workforce reductions. Excluding restructuring charges, operating profit declined 37% to $148.7 million.
- Non-operating losses totaled $144.4 million, driven by losses on derivatives and investment write-downs, compared to a gain of $3.1 million in the prior year.
- Tribune Company reported third quarter 2002 revenues of $1.34 billion, up 5% from adjusted 2001 results.
- Operating profit before restructuring charges was $322.2 million in 2002 compared to $207.2 million in adjusted 2001, an increase of 56%.
- Net income for the quarter was $236.8 million compared to a net loss of $85.1 million in adjusted 2001, driven by gains on sales of subsidiaries and non-operating items.
The document is a Form 10-Q quarterly report filed by The Black & Decker Corporation with the SEC for the quarter ended October 1, 2006. It includes the company's consolidated financial statements such as the income statement, balance sheet, and statement of cash flows. It also notes that the financial statements have been prepared following the instructions of Form 10-Q and do not include all information required for complete annual financial statements under GAAP. The report provides the company's key financial results for the quarter including net earnings of $125.1 million and earnings per share of $1.79.
- Caterpillar Financial Services Corporation filed a Form 10-Q for the quarterly period ended September 30, 2012 with the SEC.
- For the quarter, Caterpillar Financial Services reported a profit of $109 million on total revenues of $678 million.
- For the first nine months of the year, Caterpillar Financial Services reported a profit of $333 million on total revenues of $2.014 billion.
This document provides supplemental financial information about The Black & Decker Corporation's business segments for the years 2004-2006 and quarters 2005-2006. It includes tables showing sales, segment profit, depreciation, capital expenditures, and reconciliations to consolidated operating income and earnings before taxes by segment and year/quarter. The information is presented in US dollars and has been translated to the Corporation's 2007 budgeted foreign exchange rates for comparability over time.
United Health Group [PDF Document] Form 8-K Related to Earnings Releasefinance3
This document is a Form 8-K filed by UnitedHealth Group with the Securities and Exchange Commission announcing their fourth quarter and full year 2005 financial results. Some key highlights include:
- Fourth quarter earnings per share of $0.65, up 20% year-over-year. Full year earnings per share of $2.48, up 26% year-over-year.
- Fourth quarter revenues of $12.05 billion, up 15% year-over-year. Full year revenues of $45.37 billion, up 22% year-over-year.
- Operating margin for the fourth quarter was 11.9% and 11.8% for the full year.
- On December 20
energy future holindings Q3_08_Investor_Call_Deck_FINALfinance29
This document summarizes key points from an investor call held by EFH Corp. on November 6, 2008. It discusses EFH Corp.'s financial results for Q3 2008 compared to Q3 2007, including adjusted operating earnings, interest expense, and purchase accounting adjustments. It also provides an overview of operational results for Oncor, TXU Energy, and Luminant in Q3 2008, including impacts from Hurricane Ike and progress on new generation projects. The document concludes with an appendix including Regulation G reconciliations.
United Health Group [PDF Document] Form 8-K Related to Earnings Releasefinance3
This document is a Form 8-K filing by UnitedHealth Group Incorporated with the Securities and Exchange Commission announcing their fourth quarter and full year 2006 financial results. It includes information on revenues, costs, earnings from operations, earnings before income taxes, and net earnings for the quarter both on a GAAP basis and on a "Part D Normalized" non-GAAP basis. It also provides reconciliations between the GAAP and non-GAAP figures. Key figures include total revenues of $18.2 billion on a GAAP basis and $18.5 billion on a non-GAAP basis. Net earnings were $1.2 billion on a GAAP basis and $1.1 billion on a non-
- Tribune Company reported a net loss of $138.9 million for Q3 2001 compared to net income of $79.2 million in Q3 2000. Operating revenues decreased 7% to $1.275 billion.
- Operating profit declined significantly due to restructuring charges of $130.7 million related to workforce reductions. Excluding restructuring charges, operating profit declined 37% to $148.7 million.
- Non-operating losses totaled $144.4 million, driven by losses on derivatives and investment write-downs, compared to a gain of $3.1 million in the prior year.
- Tribune Company reported third quarter 2002 revenues of $1.34 billion, up 5% from adjusted 2001 results.
- Operating profit before restructuring charges was $322.2 million in 2002 compared to $207.2 million in adjusted 2001, an increase of 56%.
- Net income for the quarter was $236.8 million compared to a net loss of $85.1 million in adjusted 2001, driven by gains on sales of subsidiaries and non-operating items.
The document is a Form 10-Q quarterly report filed by The Black & Decker Corporation with the SEC for the quarter ended October 1, 2006. It includes the company's consolidated financial statements such as the income statement, balance sheet, and statement of cash flows. It also notes that the financial statements have been prepared following the instructions of Form 10-Q and do not include all information required for complete annual financial statements under GAAP. The report provides the company's key financial results for the quarter including net earnings of $125.1 million and earnings per share of $1.79.
- Caterpillar Financial Services Corporation filed a Form 10-Q for the quarterly period ended September 30, 2012 with the SEC.
- For the quarter, Caterpillar Financial Services reported a profit of $109 million on total revenues of $678 million.
- For the first nine months of the year, Caterpillar Financial Services reported a profit of $333 million on total revenues of $2.014 billion.
Tribune Company reported its fourth quarter and full year 2002 results. For the fourth quarter, revenues increased 8% year-over-year and net income increased 24%. Operating profit before restructuring charges increased 33% due to cost reductions. For the full year, revenues increased 2% and net income increased 43% due to restructuring initiatives and asset sales. Earnings per share increased 22% in the fourth quarter and 45% for the full year, reflecting continued improvement.
allstate Quarterly Investor Information 2002 3rd finance7
The Allstate Corporation reported higher net income and operating income in the third quarter of 2002 compared to the same period in 2001. Operating income increased to $548 million from $401 million due primarily to increased property-liability premiums earned, improved auto and homeowners loss frequencies, and lower catastrophe losses. However, these gains were partly offset by reserve strengthening for asbestos and environmental losses and decreased operating income at Allstate Financial. For the full year 2002, Allstate anticipates operating income per share will be between $2.80 to $3.00, excluding restructuring charges.
johnson controls FY2008 1st Quarter Form 10-Q finance8
This document is Johnson Controls' Form 10-Q filing for the quarterly period ended December 31, 2007. It includes Johnson Controls' condensed consolidated financial statements, including statements of financial position, income, and cash flows for the periods presented. It also includes notes to the financial statements providing additional details on new accounting standards, acquisitions of businesses, discontinued operations, percentage-of-completion contracts, and inventories. The filing is signed and provides certifications by Johnson Controls' management regarding the accuracy of the financial reporting.
This document is Deere & Company's Form 10-Q quarterly report filed with the SEC for the quarter ended January 31, 2008. It includes Deere's consolidated statements of income and cash flows for Q1 2008 and 2007, as well as its condensed consolidated balance sheet as of January 31, 2008, October 31, 2007, and January 31, 2007. It provides key financial data and disclosures, such as reporting that net income for Q1 2008 was $369.1 million compared to $238.7 million in Q1 2007. The report also includes notes to the financial statements covering topics such as accounting policies, business segments, inventories, contingencies and commitments.
This document is Charter Communications' 2002 Annual Report. It provides financial and operating summaries for the year. Key points include:
- Revenues grew 15% to $4.56 billion while adjusted EBITDA rose 16.4% to $1.796 billion.
- Customer relationships declined to 6.634 million from 6.953 million in 2001. However, revenue generating units rose to 10.422 million.
- High-speed data customers increased significantly to 1.138 million while digital and analog video customers declined slightly.
- The report addresses challenges faced in 2001-2002 including customer losses, financial restatements, and regulatory investigations. However, it emphasizes progress in growing revenues from broadband services
The Clorox Company reported financial results for the second quarter of fiscal year 2004. Net sales increased 2% to $947 million compared to $926 million in the previous year. Earnings from continuing operations were $111 million, up 27% from $87 million last year. Earnings per share from continuing operations were $0.52 compared to $0.39 the previous year. The company saw sales growth in its Household Products-North America and Household Products-Latin America/Other segments, while Specialty Products sales remained flat.
- Tribune Company reported a net loss of $4.5 billion for Q2 2008 compared to net income of $36 million in Q2 2007. This was largely due to a $3.8 billion write-down of intangible assets.
- Operating revenues declined 5.7% year-over-year to $1.1 billion in Q2 2008. Operating expenses increased significantly due to the $3.8 billion write-down.
- For the first half of 2008, Tribune reported a net loss of $2.7 billion compared to net income of $13 million in the first half of 2007, again largely due to the $3.8 billion intangible asset write-down.
The document provides a reconciliation of Aramark's non-GAAP financial measures for its fourth quarter and full year 2003 operating results, excluding certain unusual income and expense items. Specifically, it excludes $32 million in business interruption proceeds, a $10.7 million investment write-down, $7.7 million in debt extinguishment costs, and prior year gains of $43.7 million. The reconciliation shows income from continuing operations and earnings per share on both an as reported basis and excluding these unusual items, showing an increase of 18% and 15% respectively for the quarter and year on the adjusted basis. It also shows operating income for the food and support services segment on both bases, with an increase of 11%
The Tribune Company saw declines in operating revenues and income from continuing operations in the second quarter of 2007 compared to the same period in 2006. Operating revenues fell 6.8% and income from continuing operations dropped 78.2%. Expenses rose due to restructuring charges and plant closure costs. Non-operating losses also increased significantly due to losses on derivatives and investments. Net income declined 58.7% due to lower operating results and higher non-operating losses.
allstate Quarterly Investor Information 2002 2nd finance7
The Allstate Corporation reported higher net income and operating income in the second quarter of 2002 compared to the same period in 2001. Net income increased to $344 million from $168 million, while operating income rose to $453 million from $230 million. The increases were driven by higher premiums earned, lower catastrophe losses, improved auto and homeowner loss trends, and increased income from Allstate Financial. However, reserves were strengthened for prior claims. For the full year 2002, operating income per share is estimated at $2.70 to $2.90, excluding restructuring charges.
This document provides reconciliations of non-GAAP financial measures for Unum Group for 2005. It includes 3 summaries:
1) Adjustments made to Unum Limited segment operating income before tax for 2005 to exclude a one-time gain.
2) Adjustments made to operating income and earnings per share for Q4 2005 to exclude certain one-time items.
3) Adjustments made to net income for 2005 full year to exclude one-time items like realized investment gains/losses and settlement costs in order to determine an adjusted return on equity.
allstate Quarterly Investor Information 2003 2nd finance7
Allstate reported strong financial results for the second quarter of 2003, with net income increasing 70.9% compared to the second quarter of 2002. Operating income increased 32.2% driven by an improvement in Property-Liability Underwriting income. However, catastrophe losses also increased significantly. Overall results were positively impacted by higher premiums, continued improvement in auto and homeowners claim frequencies, and lower prior year reserve strengthening, despite higher catastrophes. Allstate increased its full year 2003 operating income guidance.
This document provides the consolidated financial statements and management discussion and analysis for Avis Budget Car Rental for the first quarter of 2007. It includes the consolidated statements of income, balance sheets, cash flows, and stockholder's equity for the periods ended March 31, 2007 and 2006. The financial statements show that Avis Budget's net revenues increased slightly while net income decreased compared to the same period in 2006, as expenses also increased. The document also identifies several risks and uncertainties that could impact the company's future financial performance.
This document provides supplemental financial information about The Black & Decker Corporation's business segments for the years 2004-2006 and quarters 2005-2006. It includes tables showing sales, segment profit, depreciation, capital expenditures, and reconciliations to consolidated operating income and earnings before taxes by segment and year/quarter. The information is presented in US dollars and has been translated to the Corporation's 2007 budgeted exchange rates for comparability over time.
- Kennametal Inc. filed an 8-K form with the SEC on April 24, 2009 regarding its financial results for the fiscal third quarter ended March 31, 2009.
- The filing included a press release containing non-GAAP financial measures and definitions of those measures, including adjusted gross profit, operating expenses, EBIT, and free operating cash flow.
- Reconciliations of the non-GAAP measures to the most comparable GAAP measures were provided in the press release or compiled as required by Regulation G.
United Health Group Form 8-K Related to Earnings Releasefinance3
The document is a Form 8-K filing by UnitedHealth Group Incorporated with the Securities and Exchange Commission reporting third quarter 2006 results. It includes reconciliations of non-GAAP financial measures to GAAP measures, including presenting results on a "Part D Normalized" basis to enhance comparability to 2005. Medical costs for the third quarter were $13.4 billion on a GAAP basis and $13.5 billion on a Part D Normalized basis, with basic EPS of $0.82 GAAP and $0.83 normalized. Certain balances are also presented excluding UnitedHealth's AARP business, which records underwriting gains or losses to a rate stabilization fund.
- The document is Goodyear Tire & Rubber Company's Form 10-Q/A for the quarterly period ended March 31, 2004, which includes restated financial statements and notes for that period as well as the comparable period in 2003.
- Goodyear is restating its financial statements for 2003 and prior periods due to accounting errors. The restatement adjustments are described in Note 1A and Note 2.
- For the quarter ended March 31, 2004, Goodyear reported a net loss of $78.1 million compared to a net loss of $200.5 million in the comparable period of 2003.
The document is an SEC filing by The Goodyear Tire & Rubber Company that provides an adjusted Item 6 of their 2006 Annual Report on Form 10-K. The adjustments correct references in certain footnotes to Item 6 from "income/loss from continuing operations" to "net income/loss" as the results included discontinued operations. Item 6 provides selected financial data for Goodyear from 2002-2006, including net sales, income/loss, income/loss per share, total assets, long term debt, and shareholders' equity. Footnotes provide additional details on items affecting results in certain years.
The document is a Form 10-Q quarterly report filed by The Black & Decker Corporation with the SEC for the quarter ended October 1, 2006. It includes financial statements such as the consolidated statement of earnings, balance sheet, and cash flows. The report indicates that total sales for the quarter were $1.61 billion, with net earnings of $125.1 million. As of October 1, 2006, the company held $261.9 million in cash and had total current assets of $2.93 billion according to its consolidated balance sheet.
This document is a Form 10-Q quarterly report filed by Northern States Power Company (NSP-Wisconsin) with the Securities and Exchange Commission for the quarter ended March 31, 2008. It includes NSP-Wisconsin's unaudited consolidated financial statements and notes. The financial statements show that for the quarter ended March 31, 2008, NSP-Wisconsin had operating revenues of $244 million, operating income of $26 million, and net income of $13 million. As of March 31, 2008, NSP-Wisconsin had total assets of $1.3 billion and common stockholder's equity of $474 million.
This document is a Form 10-Q quarterly report filed by Northern States Power Company (NSP-Wisconsin) with the Securities and Exchange Commission for the quarterly period ended March 31, 2008. It includes NSP-Wisconsin's consolidated financial statements and notes. The financial statements show that for the quarter ended March 31, 2008, NSP-Wisconsin had operating revenues of $244 million, operating income of $26 million, and net income of $13 million. As of March 31, 2008, NSP-Wisconsin had total assets of $1.3 billion and common stockholder's equity of $474 million.
This document is a quarterly report filed by The Black & Decker Corporation with the US Securities and Exchange Commission for the quarter ended September 28, 2008. It includes the company's consolidated financial statements and notes. The financial statements show that for the quarter, net earnings were $85.8 million on sales of $1.57 billion, compared to net earnings of $104.6 million on sales of $1.63 billion in the same quarter last year. For the nine months, net earnings were $249.9 million on sales of $4.71 billion, compared to net earnings of $330.7 million on sales of $4.91 billion in the same period last year. The notes provide accounting policies and
Tribune Company reported its fourth quarter and full year 2002 results. For the fourth quarter, revenues increased 8% year-over-year and net income increased 24%. Operating profit before restructuring charges increased 33% due to cost reductions. For the full year, revenues increased 2% and net income increased 43% due to restructuring initiatives and asset sales. Earnings per share increased 22% in the fourth quarter and 45% for the full year, reflecting continued improvement.
allstate Quarterly Investor Information 2002 3rd finance7
The Allstate Corporation reported higher net income and operating income in the third quarter of 2002 compared to the same period in 2001. Operating income increased to $548 million from $401 million due primarily to increased property-liability premiums earned, improved auto and homeowners loss frequencies, and lower catastrophe losses. However, these gains were partly offset by reserve strengthening for asbestos and environmental losses and decreased operating income at Allstate Financial. For the full year 2002, Allstate anticipates operating income per share will be between $2.80 to $3.00, excluding restructuring charges.
johnson controls FY2008 1st Quarter Form 10-Q finance8
This document is Johnson Controls' Form 10-Q filing for the quarterly period ended December 31, 2007. It includes Johnson Controls' condensed consolidated financial statements, including statements of financial position, income, and cash flows for the periods presented. It also includes notes to the financial statements providing additional details on new accounting standards, acquisitions of businesses, discontinued operations, percentage-of-completion contracts, and inventories. The filing is signed and provides certifications by Johnson Controls' management regarding the accuracy of the financial reporting.
This document is Deere & Company's Form 10-Q quarterly report filed with the SEC for the quarter ended January 31, 2008. It includes Deere's consolidated statements of income and cash flows for Q1 2008 and 2007, as well as its condensed consolidated balance sheet as of January 31, 2008, October 31, 2007, and January 31, 2007. It provides key financial data and disclosures, such as reporting that net income for Q1 2008 was $369.1 million compared to $238.7 million in Q1 2007. The report also includes notes to the financial statements covering topics such as accounting policies, business segments, inventories, contingencies and commitments.
This document is Charter Communications' 2002 Annual Report. It provides financial and operating summaries for the year. Key points include:
- Revenues grew 15% to $4.56 billion while adjusted EBITDA rose 16.4% to $1.796 billion.
- Customer relationships declined to 6.634 million from 6.953 million in 2001. However, revenue generating units rose to 10.422 million.
- High-speed data customers increased significantly to 1.138 million while digital and analog video customers declined slightly.
- The report addresses challenges faced in 2001-2002 including customer losses, financial restatements, and regulatory investigations. However, it emphasizes progress in growing revenues from broadband services
The Clorox Company reported financial results for the second quarter of fiscal year 2004. Net sales increased 2% to $947 million compared to $926 million in the previous year. Earnings from continuing operations were $111 million, up 27% from $87 million last year. Earnings per share from continuing operations were $0.52 compared to $0.39 the previous year. The company saw sales growth in its Household Products-North America and Household Products-Latin America/Other segments, while Specialty Products sales remained flat.
- Tribune Company reported a net loss of $4.5 billion for Q2 2008 compared to net income of $36 million in Q2 2007. This was largely due to a $3.8 billion write-down of intangible assets.
- Operating revenues declined 5.7% year-over-year to $1.1 billion in Q2 2008. Operating expenses increased significantly due to the $3.8 billion write-down.
- For the first half of 2008, Tribune reported a net loss of $2.7 billion compared to net income of $13 million in the first half of 2007, again largely due to the $3.8 billion intangible asset write-down.
The document provides a reconciliation of Aramark's non-GAAP financial measures for its fourth quarter and full year 2003 operating results, excluding certain unusual income and expense items. Specifically, it excludes $32 million in business interruption proceeds, a $10.7 million investment write-down, $7.7 million in debt extinguishment costs, and prior year gains of $43.7 million. The reconciliation shows income from continuing operations and earnings per share on both an as reported basis and excluding these unusual items, showing an increase of 18% and 15% respectively for the quarter and year on the adjusted basis. It also shows operating income for the food and support services segment on both bases, with an increase of 11%
The Tribune Company saw declines in operating revenues and income from continuing operations in the second quarter of 2007 compared to the same period in 2006. Operating revenues fell 6.8% and income from continuing operations dropped 78.2%. Expenses rose due to restructuring charges and plant closure costs. Non-operating losses also increased significantly due to losses on derivatives and investments. Net income declined 58.7% due to lower operating results and higher non-operating losses.
allstate Quarterly Investor Information 2002 2nd finance7
The Allstate Corporation reported higher net income and operating income in the second quarter of 2002 compared to the same period in 2001. Net income increased to $344 million from $168 million, while operating income rose to $453 million from $230 million. The increases were driven by higher premiums earned, lower catastrophe losses, improved auto and homeowner loss trends, and increased income from Allstate Financial. However, reserves were strengthened for prior claims. For the full year 2002, operating income per share is estimated at $2.70 to $2.90, excluding restructuring charges.
This document provides reconciliations of non-GAAP financial measures for Unum Group for 2005. It includes 3 summaries:
1) Adjustments made to Unum Limited segment operating income before tax for 2005 to exclude a one-time gain.
2) Adjustments made to operating income and earnings per share for Q4 2005 to exclude certain one-time items.
3) Adjustments made to net income for 2005 full year to exclude one-time items like realized investment gains/losses and settlement costs in order to determine an adjusted return on equity.
allstate Quarterly Investor Information 2003 2nd finance7
Allstate reported strong financial results for the second quarter of 2003, with net income increasing 70.9% compared to the second quarter of 2002. Operating income increased 32.2% driven by an improvement in Property-Liability Underwriting income. However, catastrophe losses also increased significantly. Overall results were positively impacted by higher premiums, continued improvement in auto and homeowners claim frequencies, and lower prior year reserve strengthening, despite higher catastrophes. Allstate increased its full year 2003 operating income guidance.
This document provides the consolidated financial statements and management discussion and analysis for Avis Budget Car Rental for the first quarter of 2007. It includes the consolidated statements of income, balance sheets, cash flows, and stockholder's equity for the periods ended March 31, 2007 and 2006. The financial statements show that Avis Budget's net revenues increased slightly while net income decreased compared to the same period in 2006, as expenses also increased. The document also identifies several risks and uncertainties that could impact the company's future financial performance.
This document provides supplemental financial information about The Black & Decker Corporation's business segments for the years 2004-2006 and quarters 2005-2006. It includes tables showing sales, segment profit, depreciation, capital expenditures, and reconciliations to consolidated operating income and earnings before taxes by segment and year/quarter. The information is presented in US dollars and has been translated to the Corporation's 2007 budgeted exchange rates for comparability over time.
- Kennametal Inc. filed an 8-K form with the SEC on April 24, 2009 regarding its financial results for the fiscal third quarter ended March 31, 2009.
- The filing included a press release containing non-GAAP financial measures and definitions of those measures, including adjusted gross profit, operating expenses, EBIT, and free operating cash flow.
- Reconciliations of the non-GAAP measures to the most comparable GAAP measures were provided in the press release or compiled as required by Regulation G.
United Health Group Form 8-K Related to Earnings Releasefinance3
The document is a Form 8-K filing by UnitedHealth Group Incorporated with the Securities and Exchange Commission reporting third quarter 2006 results. It includes reconciliations of non-GAAP financial measures to GAAP measures, including presenting results on a "Part D Normalized" basis to enhance comparability to 2005. Medical costs for the third quarter were $13.4 billion on a GAAP basis and $13.5 billion on a Part D Normalized basis, with basic EPS of $0.82 GAAP and $0.83 normalized. Certain balances are also presented excluding UnitedHealth's AARP business, which records underwriting gains or losses to a rate stabilization fund.
- The document is Goodyear Tire & Rubber Company's Form 10-Q/A for the quarterly period ended March 31, 2004, which includes restated financial statements and notes for that period as well as the comparable period in 2003.
- Goodyear is restating its financial statements for 2003 and prior periods due to accounting errors. The restatement adjustments are described in Note 1A and Note 2.
- For the quarter ended March 31, 2004, Goodyear reported a net loss of $78.1 million compared to a net loss of $200.5 million in the comparable period of 2003.
The document is an SEC filing by The Goodyear Tire & Rubber Company that provides an adjusted Item 6 of their 2006 Annual Report on Form 10-K. The adjustments correct references in certain footnotes to Item 6 from "income/loss from continuing operations" to "net income/loss" as the results included discontinued operations. Item 6 provides selected financial data for Goodyear from 2002-2006, including net sales, income/loss, income/loss per share, total assets, long term debt, and shareholders' equity. Footnotes provide additional details on items affecting results in certain years.
The document is a Form 10-Q quarterly report filed by The Black & Decker Corporation with the SEC for the quarter ended October 1, 2006. It includes financial statements such as the consolidated statement of earnings, balance sheet, and cash flows. The report indicates that total sales for the quarter were $1.61 billion, with net earnings of $125.1 million. As of October 1, 2006, the company held $261.9 million in cash and had total current assets of $2.93 billion according to its consolidated balance sheet.
This document is a Form 10-Q quarterly report filed by Northern States Power Company (NSP-Wisconsin) with the Securities and Exchange Commission for the quarter ended March 31, 2008. It includes NSP-Wisconsin's unaudited consolidated financial statements and notes. The financial statements show that for the quarter ended March 31, 2008, NSP-Wisconsin had operating revenues of $244 million, operating income of $26 million, and net income of $13 million. As of March 31, 2008, NSP-Wisconsin had total assets of $1.3 billion and common stockholder's equity of $474 million.
This document is a Form 10-Q quarterly report filed by Northern States Power Company (NSP-Wisconsin) with the Securities and Exchange Commission for the quarterly period ended March 31, 2008. It includes NSP-Wisconsin's consolidated financial statements and notes. The financial statements show that for the quarter ended March 31, 2008, NSP-Wisconsin had operating revenues of $244 million, operating income of $26 million, and net income of $13 million. As of March 31, 2008, NSP-Wisconsin had total assets of $1.3 billion and common stockholder's equity of $474 million.
This document is a quarterly report filed by The Black & Decker Corporation with the US Securities and Exchange Commission for the quarter ended September 28, 2008. It includes the company's consolidated financial statements and notes. The financial statements show that for the quarter, net earnings were $85.8 million on sales of $1.57 billion, compared to net earnings of $104.6 million on sales of $1.63 billion in the same quarter last year. For the nine months, net earnings were $249.9 million on sales of $4.71 billion, compared to net earnings of $330.7 million on sales of $4.91 billion in the same period last year. The notes provide accounting policies and
This document is a Form 10-Q quarterly report filed by The Black & Decker Corporation with the SEC for the quarter ended September 28, 2008. It includes the company's consolidated financial statements and notes. The financial statements show that for the quarter, net earnings were $85.8 million on sales of $1.57 billion, compared to net earnings of $104.6 million on sales of $1.63 billion in the same quarter of the previous year. For the nine months, net earnings were $249.9 million on sales of $4.71 billion, compared to net earnings of $330.7 million on sales of $4.91 billion in the previous year. The notes provide accounting policies and
This document is PACCAR Inc's quarterly report on Form 10-Q for the period ending September 30, 2002 filed with the SEC. It includes PACCAR's consolidated financial statements and notes. The financial statements show that net sales for PACCAR's Truck and Other segment increased 35% to $1.9 billion for the third quarter of 2002 compared to $1.4 billion for the same period of 2001. Net income increased to $128.9 million for the third quarter of 2002 from $39.4 million in the third quarter of 2001. For the first nine months of the year, net income increased to $249.8 million from $123.2 million in the same period of 2001.
This document is an SEC filing by Micron Technology, Inc. on Form 8-K dated May 1, 2003 providing a reconciliation of non-GAAP financial information from Micron's Annual Report on Form 10-K for fiscal year 2002 and Quarterly Report on Form 10-Q for fiscal quarter 2003. Specifically, it presents adjusted gross margins excluding the effects of inventory write-downs and estimated impacts of previous write-downs, which Micron believes provides useful information for assessing the effects of write-downs on gross margin and trends. The filing is signed by Micron's Vice President of Finance and CFO.
This document is the Form 10-Q quarterly report filed by Xcel Energy Inc. with the SEC for the quarter ended June 30, 2008. The summary includes:
- Xcel Energy Inc. reported operating revenues of $2.6 billion for the quarter and $5.6 billion for the six months ended June 30, 2008.
- Net income for the quarter was $105.6 million and $258.7 million for the six months ended June 30, 2008.
- As of June 30, 2008, Xcel Energy had total assets of $23.7 billion and total liabilities and equity of $23.7 billion.
This document is the quarterly report filed by Xcel Energy Inc. with the Securities and Exchange Commission for the quarter ended June 30, 2008. It includes Xcel Energy's consolidated financial statements and notes. The financial statements show that for the quarter, Xcel Energy had operating revenues of $2.6 billion, operating income of $260 million, net income of $106 million, and basic earnings per share of $0.24. For the six months ended June 30, 2008, Xcel Energy had operating revenues of $5.6 billion, operating income of $590 million, net income of $259 million, and basic earnings per share of $0.60.
This document is Micron Technology's Form 10-Q quarterly report filed with the SEC for the quarter ended June 1, 2006. It includes condensed financial statements and notes. The financial statements show that for the quarter, net sales were $1.3 billion and net income was $88.5 million. As of June 1, 2006, Micron had total assets of $10.3 billion including cash and equivalents of $1.5 billion, and total liabilities of $2.1 billion. The notes provide details on Micron's accounting policies, stock-based compensation, and the subsequent acquisition of Lexar Media.
This document is a quarterly report filed with the SEC by The Black & Decker Corporation for the quarter ended March 30, 2008. It includes the consolidated statement of earnings, balance sheet, statement of stockholders' equity, and statement of cash flows for the quarter, as well as notes to the financial statements. The financial statements show that net earnings for the quarter were $67.4 million on sales of $1.495 billion, with basic earnings per share of $1.11. Cash flow from operating activities was negative $86.9 million for the quarter. Total stockholders' equity as of March 30, 2008 was $1.389 billion.
This document is a quarterly report filed with the SEC by The Black & Decker Corporation for the quarter ended March 30, 2008. It includes the consolidated statement of earnings, balance sheet, statement of stockholders' equity, and statement of cash flows for the quarter, as well as notes to the financial statements. The financial statements show that for the quarter, net earnings were $67.4 million on sales of $1.495 billion, with basic earnings per share of $1.11. Total assets as of March 30, 2008 were $5.555 billion, with stockholders' equity of $1.389 billion.
- PACCAR Inc filed a quarterly report on Form 10-Q with the SEC for the quarter ended March 31, 2004.
- The report includes consolidated financial statements and notes for PACCAR and its subsidiaries for the quarter.
- Highlights include net income of $182.2 million for the quarter, up from $110.8 million in the same quarter of the previous year, with net income per share of $1.04.
Verizon Reports Sustained Revenue Growth and Continued Strong Cash Flows fo...finance2
This document summarizes Verizon Communications' consolidated statements of income for the fourth quarter and full year of 2008. Some key details:
- For Q4 2008, total operating revenues increased 3.4% to $24.6 billion and net income increased 15.2% to $1.24 billion compared to Q4 2007.
- For the full year 2008, total operating revenues increased 4.2% to $97.4 billion and net income increased 16.4% to $6.43 billion compared to 2007.
This document is an SEC Form 10-Q quarterly report filed by Xcel Energy Inc. for the quarter ended June 30, 2006. It includes Xcel Energy's consolidated financial statements and notes. The financial statements show operating revenues of $2.1 billion for the quarter and $5 billion for the six months. Net income was $98 million for the quarter and $250 million for the six months. Assets totaled $21.3 billion as of June 30, 2006, including $15.1 billion in net property, plant and equipment. Liabilities totaled $11.3 billion, including $2.3 billion in deferred income taxes.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, discussed the company's strong third quarter fiscal year 2006 results and provided an outlook for fiscal years 2006 and 2007. Some highlights included record sales and operating income for Q3 2006. The company also announced two acquisitions, AK Specialty Vehicles and Iowa Mold Tooling, expected to be accretive to earnings in fiscal 2007. For fiscal 2006, Oshkosh estimates sales growth of 14.9-16.6% and EPS growth of 24-26%. Fiscal 2007 estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15.
Oshkosh Truck Corporation presented an investor presentation on its proposed acquisition of JLG Industries, Inc. The presentation discussed Oshkosh's track record of successful acquisitions and shareholder value creation. It also outlined the objectives of acquiring JLG to support growth above 15%, diversify into the fast-growing aerial work platform market, and execute its long-term acquisition strategy. Finally, the presentation provided an overview of Oshkosh Truck Corporation and its proven strategy of new product leadership, operational excellence, and strategic acquisitions that have fueled strong sales and earnings growth.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
In this earnings call, Oshkosh Truck Corporation discusses its first quarter 2007 results. Sales increased 27.4% to $1.01 billion due to the acquisition of JLG Industries. Operating income decreased 3.9% to $83.6 million and EPS decreased 23.6% to $0.55. The company increased its full-year 2007 EPS estimate range to $3.15 to $3.25 per share. JLG is meeting expectations and integration is progressing well. Defense sales were lower compared to strong prior year results while fire and emergency and commercial saw strong performance.
This document summarizes an earnings conference call for Oshkosh Truck Corporation for the second quarter of fiscal year 2007. Sales increased 96.6% to $1.66 billion and operating income grew 69.1% to $134.8 million. For fiscal year 2007, the company estimates sales of $6.1-6.2 billion and operating income of $568-580 million. It also provides segment-level results and highlights for access equipment, defense, fire & emergency, and commercial.
1) Oshkosh reported strong third quarter 2007 results with sales increasing 108% to $1.85 billion and operating income up 133% to $192.7 million.
2) Access equipment and defense led the growth in sales and operating income. The acquisition of JLG was accretive to EPS by $0.35 per share.
3) For fiscal year 2007, Oshkosh estimates sales between $6.3-6.35 billion and EPS between $3.35-3.40, and for fiscal year 2008 estimates sales between $7-7.2 billion and EPS between $4.15-4.35.
The document summarizes Oshkosh Truck Corporation's fourth quarter fiscal 2007 earnings conference call. It discusses record sales and operating income for fiscal 2007. Projections are provided for fiscal 2008, estimating sales between $7.1-7.3 billion and operating income between $690-715 million. Segment performances are reviewed, with access equipment and defense highlighted as key growth drivers. Estimates are also given for interest expense, tax rates, capital expenditures and debt levels for fiscal 2008.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
The document summarizes Oshkosh Corporation's earnings conference call for the third quarter of fiscal year 2008. It discusses increases in sales revenue but decreases in operating income and earnings per share compared to the previous year. Several initiatives are mentioned to manage costs and cash flow in changing market conditions. Business segment results are provided, with strength in access equipment and defense but challenges in commercial and fire & emergency sectors.
This document is the transcript from Oshkosh Corporation's earnings conference call for the fourth quarter of fiscal year 2008. It discusses Oshkosh's financial results for Q4 and fiscal year 2008, including sales, operating income, earnings per share, and debt reduction. It also provides an outlook for fiscal year 2009, estimating revenues of $6.3-6.7 billion, operating income of $350-400 million, and EPS of $1.65-2.05. The transcript reviews performance and outlook for each of Oshkosh's business segments and discusses its financing plans.
Robert Bohn and David Sagehorn of Oshkosh Corporation gave a presentation at the Goldman Sachs Conference in November 2008. They discussed Oshkosh's strong financial position and actions taken to reduce costs and debt. While market conditions were volatile due to the economic downturn, Oshkosh was well positioned with backlogs in defense, fire, and refuse collection vehicles. The presentation outlined Oshkosh's segments and strategies to manage through the difficult economy.
1) The document is from a presentation given by Oshkosh executives Charles Szews and David Sagehorn at the R.W. Baird Industrial Conference on November 12, 2008.
2) Oshkosh reported sales increased 13.2% to $7.1 billion in fiscal 2008, with international sales reaching $2.1 billion. However, operating income decreased 1.5% and EPS decreased 5.9% due to non-cash impairment charges.
3) Oshkosh recently secured multiple defense contracts and sees opportunities in the domestic refuse collection vehicle market, but the current market volatility and credit crisis make fiscal 2009 projections difficult given exposure to construction and municipal spending.
Charles Szews, President and COO of Oshkosh Corporation, presented at the Cowen and Company Aerospace & Defense Conference on February 5, 2009. He discussed Oshkosh's business segments, products, competitive advantages, challenges, and actions taken in response to the economic downturn. Key points included reduced revenues and earnings in Q1 2009, cost reduction efforts, and focus on core businesses with strong backlogs like defense and fire apparatus that have gained market share.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
This document contains the transcript from Oshkosh Corporation's earnings conference call for the third quarter of fiscal year 2008. Key highlights include a 6.6% increase in quarterly sales to $1.97 billion but a 5.9% decrease in operating income to $181.2 million. EPS for the quarter decreased 1.7% to $1.19. Oshkosh revised its estimate for full year 2008 EPS to a range of $3.15 to $3.30.
This document summarizes an earnings conference call for Oshkosh Corporation for the fourth quarter of fiscal year 2008. It discusses the company's financial results including a 5.8% increase in sales to $1.9 billion but a 32% decrease in operating income to $122 million. The document also provides an overview of Oshkosh's fiscal year 2008 results and discusses challenges faced in various business segments due to economic conditions. It notes actions taken by the company to reduce costs and debt. An outlook is given for fiscal year 2009 noting market volatility and a plan to drive over $500 million in debt reduction. Business segment results and outlooks are also summarized.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
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Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
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How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
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A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
1. UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 16, 2008
THE BLACK & DECKER CORPORATION
(Exact name of registrant as specified in its charter)
Maryland 1-1553 52-0248090
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
701 East Joppa Road, Towson, Maryland 21286
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code 410-716-3900
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
2. -2-
ITEM 8.01 OTHER EVENTS.
As more fully described in Note 16 of Notes to Consolidated Financial Statements included in
Item 8 of the Corporation’s Annual Report on Form 10-K for the year ended
December 31, 2007 (Note 16), the Corporation assesses the performance of its reportable
business segments based upon a number of factors, including segment profit. For segment
reporting purposes, elements of segment profit and certain other segment data are translated
using budgeted rates of exchange. Budgeted rates of exchange are established annually and,
once established, all prior period segment data is updated to reflect the translation of elements of
segment profit and certain other segment data at the current year’s budgeted rates of exchange.
Amounts included in the first table of Note 16 under the captions “Reportable Business
Segments” and “Corporate, Adjustments, & Eliminations” are reflected at the Corporation’s
budgeted rates of exchange for 2007. The amounts included in that table under the caption
“Currency Translation Adjustments” represent the difference between consolidated amounts
determined using the budgeted rates of exchange for 2007 and those determined based upon the
rates of exchange applicable under accounting principles generally accepted in the United
States.
The Corporation has established budgeted rates of exchange for 2008 and, accordingly, segment
data for prior periods has been updated to reflect the translation of elements of segment profit
and certain other segment data at the budgeted rates of exchange for 2008.
For informational purposes, the Corporation has included as Exhibit 99 to this Current Report
on Form 8-K selected unaudited supplemental information about its business segments for 2007,
2006, and 2005 updated to reflect the translation of elements of segment profit and certain other
segment data at the budgeted rates of exchange for 2008.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 99 Selected unaudited supplemental information about the Corporation’s business
segments for each of the three years in the period ended December 31, 2007, and
for each of the quarters in the years ended December 31, 2007 and 2006.
3. -3-
THE BLACK & DECKER CORPORATION
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
THE BLACK & DECKER CORPORATION
By: /s/ CHRISTINA M. MCMULLEN
Christina M. McMullen
Vice President and Controller
Date: April 16, 2008
4. EXHIBIT 99
THE BLACK & DECKER CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION ABOUT BUSINESS SEGMENTS (Unaudited)
(Millions of Dollars)
Reportable Business Segments
Power Hardware Fastening Currency Corporate,
Tools & & Home & Assembly Translation Adjustments,
Year Ended December 31, 2007 Accessories Improvement Systems Total Adjustments & Eliminations Consolidated
Sales to unaffiliated customers $ 4,843.7 $ 1,006.7 $ 718.3 $ 6,568.7 $ (5.5) $ – $ 6,563.2
Segment profit (loss) (for Consolidated,
operating income before restructuring
and exit costs) 488.8 114.9 111.5 715.2 (2.5) (111.5) 601.2
Depreciation and amortization 97.4 22.8 20.6 140.8 (.3) 2.9 143.4
Capital expenditures 65.5 20.8 21.8 108.1 .4 7.9 116.4
Year Ended December 31, 2006
Sales to unaffiliated customers $ 4,907.3 $ 1,014.5 $ 692.4 $ 6,614.2 $ (166.9) $ – $ 6,447.3
Segment profit (loss) (for Consolidated,
operating income) 591.3 138.3 100.4 830.0 (21.5) (68.1) 740.4
Depreciation and amortization 114.3 22.9 19.5 156.7 (4.0) 2.2 154.9
Capital expenditures 74.5 14.0 17.3 105.8 (2.6) 1.4 104.6
Year Ended December 31, 2005
Sales to unaffiliated customers $ 4,992.1 $ 1,030.9 $ 688.1 $ 6,711.1 $ (187.4) $ – $ 6,523.7
Segment profit (loss) (for Consolidated,
operating income) 656.9 146.8 99.7 903.4 (24.4) (84.1) 794.9
Depreciation and amortization 106.9 25.6 19.4 151.9 (4.8) 3.5 150.6
Capital expenditures 84.0 12.9 16.2 113.1 (3.8) 1.8 111.1
5. The reconciliation of segment profit to consolidated earnings from continuing operations before
income taxes for each of the three years in the period ended December 31, 2007, in millions of dollars,
is as follows:
Year Ended December 31,
2007 2006 2005
Segment profit for total reportable business segments $ 715.2 $ 830.0 $ 903.4
Items excluded from segment profit:
Adjustment of budgeted foreign exchange rates to
actual rates (2.5) (21.5) (24.4)
Depreciation of Corporate property (1.4) (.9) (1.0)
Adjustment to businesses' postretirement benefit
expenses booked in consolidation (19.9) (25.2) (13.8)
Other adjustments booked in consolidation directly
related to reportable business segments 8.3 (.2) 3.3
Amounts allocated to businesses in arriving at segment
profit in excess of (less than) Corporate center operating
expenses, eliminations, and other amounts identified above (98.5) (41.8) (72.6)
Operating income before restructuring and exit costs 601.2 740.4 794.9
Restructuring and exit costs 19.0 – –
Operating income 582.2 740.4 794.9
Interest expense, net of interest income 82.3 73.8 45.4
Other expense (income) 2.3 2.2 (51.6)
Earnings from continuing operations before income taxes $ 497.6 $ 664.4 $ 801.1
7. The reconciliation of segment profit to the consolidated earnings before income taxes for each
of the quarters in the years ended December 31, 2007 and 2006, in millions of dollars, is as follows:
Quarter Ended
April 1, July 1, September 30, December 31,
2007 2007 2007 2007
Segment profit for total reportable business segments $ 203.1 $ 218.3 $ 183.4 $ 110.4
Items excluded from segment profit:
Adjustment of budgeted foreign exchange rates to
actual rates (4.0) (1.5) (.1) 3.1
Depreciation of Corporate property (.2) (.3) (.2) (.7)
Adjustment to businesses' postretirement benefit
expenses booked in consolidation (4.8) (5.0) (5.0) (5.1)
Other adjustments booked in consolidation directly
related to reportable business segments 1.3 (4.9) 4.6 7.3
Amounts allocated to businesses in arriving at segment
profit in excess of (less than) Corporate center operating
expenses, eliminations, and other amounts identified above (25.8) (20.0) (18.2) (34.5)
Operating income before restructuring and exit costs 169.6 186.6 164.5 80.5
Restructuring and exit costs – – – 19.0
Operating income 169.6 186.6 164.5 61.5
Interest expense, net of interest income 21.5 20.0 19.9 20.9
Other expense 1.1 .2 .9 .1
Earnings before income taxes $ 147.0 $ 166.4 $ 143.7 $ 40.5
Quarter Ended
April 2, July 2, October 1, December 31,
2006 2006 2006 2006
Segment profit for total reportable business segments $ 201.0 $ 250.7 $ 208.9 $ 169.4
Items excluded from segment profit:
Adjustment of budgeted foreign exchange rates to
actual rates (6.9) (5.9) (4.1) (4.6)
Depreciation of Corporate property (.2) (.3) (.2) (.2)
Adjustment to businesses' postretirement benefit
expenses booked in consolidation (6.2) (6.3) (6.4) (6.3)
Other adjustments booked in consolidation directly
related to reportable business segments (2.3) (2.0) 5.6 (1.5)
Amounts allocated to businesses in arriving at segment
profit in excess of (less than) Corporate center operating
expenses, eliminations, and other amounts identified above (17.2) (9.9) (11.3) (3.4)
Operating income 168.2 226.3 192.5 153.4
Interest expense, net of interest income 13.7 17.5 20.7 21.9
Other expense – .9 .9 .4
Earnings before income taxes $ 154.5 $ 207.9 $ 170.9 $ 131.1
8. BASIS OF PRESENTATION:
The Corporation operates in three reportable business segments: Power Tools and Accessories,
Hardware and Home Improvement, and Fastening and Assembly Systems. The Power Tools and
Accessories segment has worldwide responsibility for the manufacture and sale of consumer and
industrial power tools and accessories, lawn and garden products, and electric cleaning, automotive,
lighting, and household products, as well as for product service. In addition, the Power Tools and
Accessories segment has responsibility for the sale of security hardware to customers in Mexico,
Central America, the Caribbean, and South America; and for the sale of plumbing products to
customers outside the United States and Canada. On March 1, 2006, the Corporation acquired
Vector Products, Inc., which is included in the Power Tools and Accessories segment. The
Hardware and Home Improvement segment has worldwide responsibility for the manufacture and
sale of security hardware (except for the sale of security hardware in Mexico, Central America, the
Caribbean, and South America). The Hardware and Home Improvement segment also has
responsibility for the manufacture of plumbing products and for the sale of plumbing products to
customers in the United States and Canada. The Fastening and Assembly Systems segment has
worldwide responsibility for the manufacture and sale of fastening and assembly systems.
The profitability measure employed by the Corporation and its chief operating decision maker for
making decisions about allocating resources to segments and assessing segment performance is
segment profit (for the Corporation on a consolidated basis, operating income before restructuring
and exit costs). In general, segments follow the same accounting policies as those described in
Note 1 of Notes to Consolidated Financial Statements included in Item 8 of the Corporation’s
Annual Report on Form 10-K for the year ended December 31, 2007, except with respect to foreign
currency translation and except as further indicated below. The financial statements of a segment’s
operating units located outside of the United States, except those units operating in highly
inflationary economies, are generally measured using the local currency as the functional currency.
For these units located outside of the United States, segment assets and elements of segment profit
are translated using budgeted rates of exchange. Budgeted rates of exchange are established
annually and, once established, all prior period segment data is restated to reflect the current year's
budgeted rates of exchange. The amounts included in the preceding table under the captions
“Reportable Business Segments” and “Corporate, Adjustments, & Eliminations” are reflected at the
Corporation’s budgeted rates of exchange for 2008. The amounts included in the preceding table
under the caption “Currency Translation Adjustments” represent the difference between
consolidated amounts determined using those budgeted rates of exchange and those determined
based upon the rates of exchange applicable under accounting principles generally accepted in the
United States.
Segment profit excludes interest income and expense, non-operating income and expense,
adjustments to eliminate intercompany profit in inventory, and income tax expense. In addition,
segment profit excludes restructuring and exit costs. In determining segment profit, expenses
relating to pension and other postretirement benefits are based solely upon estimated service costs.
Corporate expenses, as well as certain centrally managed expenses, including expenses related to
share-based compensation, are allocated to each reportable segment based upon budgeted amounts.
While sales and transfers between segments are accounted for at cost plus a reasonable profit, the
9. effects of intersegment sales are excluded from the computation of segment profit. Intercompany
profit in inventory is excluded from segment assets and is recognized as a reduction of cost of
goods sold by the selling segment when the related inventory is sold to an unaffiliated customer.
Because the Corporation compensates the management of its various businesses on, among other
factors, segment profit, the Corporation may elect to record certain segment-related expense items
of an unusual or non-recurring nature in consolidation rather than reflect such items in segment
profit. In addition, certain segment-related items of income or expense may be recorded in
consolidation in one period and transferred to the various segments in a later period.