- Danaher Corporation reported record results for the fourth quarter and full year 2002, with net earnings of $161.7 million and $290.4 million respectively.
- Fourth quarter sales increased 39% to $1.275 billion compared to $918.9 million in 2001. Full year sales grew 21% to $4.577 billion.
- The strong results were driven by acquisitions and 3.5% core volume growth, although the tools and components segment declined slightly.
Danaher Corporation reported record results for the fourth quarter and full year 2003. Net earnings for Q4 2003 were $169.9 million, or $1.06 per share, compared to $161.7 million, or $1.03 per share for Q4 2002. For the full year, net earnings were $536.8 million or $3.37 per share compared to $290.4 million or $1.88 per share for 2002. Sales increased 17% in Q4 2003 to $1.49 billion and grew 16% for the full year to $5.29 billion. The company experienced strong growth in both its process/environmental controls and tools/components segments.
Danaher Corporation announced its third quarter 2002 results, reporting a 32% increase in net earnings to $116.0 million compared to third quarter 2001. Diluted earnings per share increased 25% year-over-year to $0.74. Total sales for the quarter grew 28% to $1,151.7 million, driven primarily by acquisitions completed in the first quarter of 2002. For the first nine months of 2002, net earnings were $128.7 million which included a $173.8 million one-time non-cash charge related to goodwill impairment. Excluding this charge, nine month net earnings were up 14% to $302.4 million compared to the same period in 2001.
Danaher Corporation announced record third quarter results for 2003, with net earnings of $138.6 million, a 19% increase over the previous year. Diluted earnings per share were $0.87, an increase of 18% from 2002. Sales increased 14% to $1.309 billion. For the first nine months of 2003, net earnings were $366.9 million, a 21% increase over the previous year. The company's CEO stated that they achieved strong earnings growth despite a challenging economy, and that organic growth remains a priority along with cost reductions to fund growth opportunities.
This document is Form 10-Q filed by Illinois Tool Works Inc. with the Securities and Exchange Commission for the quarterly period ended June 30, 2002. The summary includes:
- Illinois Tool Works reported net income of $267.5 million for the quarter on revenues of $2.43 billion. For the six months ended June 30, 2002, net income was $244.1 million on revenues of $4.64 billion.
- Earnings per share from continuing operations for the quarter were $0.87, and $1.50 for the six months.
- The filing includes Illinois Tool Works' consolidated statement of income, balance sheet, and cash flows for the periods, as well as
Danaher Corporation announced its first quarter 2022 results. Net earnings were $82.7 million, comparable to the previous year's results. However, after adopting a new accounting standard that eliminated goodwill amortization, earnings per share fell 14% compared to the previous year. The company also recorded a $173.8 million charge related to goodwill impairment in some business units. Total sales were relatively flat at $1,004.2 million. The CEO commented that while core volumes declined 15% due to economic challenges, the company has seen signs of stability in revenues and gives a more positive outlook for the rest of the year.
This document is a Form 10-Q quarterly report filed with the SEC by Illinois Tool Works Inc. for the quarter ended March 31, 2002. It includes the company's unaudited financial statements and notes. The financial statements show that for Q1 2002, revenues decreased compared to Q1 2001 but net income turned to a loss due to a non-cash goodwill impairment charge, while income from continuing operations increased. Cash flow was positive with adjustments made to net income for non-cash expenses and changes in working capital.
This document is Illinois Tool Works Inc.'s quarterly report filed with the SEC for the quarter ended March 31, 2005. It includes the company's unaudited financial statements, including statements of income, financial position, and cash flows for the quarter. Key highlights include total revenues of $3.07 billion for the quarter, net income of $312.3 million, and adoption of new accounting standards for share-based compensation effective January 1, 2005 which increased reported compensation expense.
This document provides financial highlights and operating data for ConocoPhillips for the fourth quarter and full year 2006 compared to 2005. Some key details:
- Revenues for Q4 2006 were $42.5 billion compared to $52.2 billion for Q4 2005. Full year revenues were $188.5 billion in 2006 versus $183.4 billion in 2005.
- Net income for Q4 2006 was $3.2 billion compared to $3.7 billion for Q4 2005. Full year net income was $15.6 billion in 2006 versus $13.5 billion in 2005.
- Average daily oil and gas production for Q4 2006 was 859 thousand barrels of oil equivalent for consolidated
Danaher Corporation reported record results for the fourth quarter and full year 2003. Net earnings for Q4 2003 were $169.9 million, or $1.06 per share, compared to $161.7 million, or $1.03 per share for Q4 2002. For the full year, net earnings were $536.8 million or $3.37 per share compared to $290.4 million or $1.88 per share for 2002. Sales increased 17% in Q4 2003 to $1.49 billion and grew 16% for the full year to $5.29 billion. The company experienced strong growth in both its process/environmental controls and tools/components segments.
Danaher Corporation announced its third quarter 2002 results, reporting a 32% increase in net earnings to $116.0 million compared to third quarter 2001. Diluted earnings per share increased 25% year-over-year to $0.74. Total sales for the quarter grew 28% to $1,151.7 million, driven primarily by acquisitions completed in the first quarter of 2002. For the first nine months of 2002, net earnings were $128.7 million which included a $173.8 million one-time non-cash charge related to goodwill impairment. Excluding this charge, nine month net earnings were up 14% to $302.4 million compared to the same period in 2001.
Danaher Corporation announced record third quarter results for 2003, with net earnings of $138.6 million, a 19% increase over the previous year. Diluted earnings per share were $0.87, an increase of 18% from 2002. Sales increased 14% to $1.309 billion. For the first nine months of 2003, net earnings were $366.9 million, a 21% increase over the previous year. The company's CEO stated that they achieved strong earnings growth despite a challenging economy, and that organic growth remains a priority along with cost reductions to fund growth opportunities.
This document is Form 10-Q filed by Illinois Tool Works Inc. with the Securities and Exchange Commission for the quarterly period ended June 30, 2002. The summary includes:
- Illinois Tool Works reported net income of $267.5 million for the quarter on revenues of $2.43 billion. For the six months ended June 30, 2002, net income was $244.1 million on revenues of $4.64 billion.
- Earnings per share from continuing operations for the quarter were $0.87, and $1.50 for the six months.
- The filing includes Illinois Tool Works' consolidated statement of income, balance sheet, and cash flows for the periods, as well as
Danaher Corporation announced its first quarter 2022 results. Net earnings were $82.7 million, comparable to the previous year's results. However, after adopting a new accounting standard that eliminated goodwill amortization, earnings per share fell 14% compared to the previous year. The company also recorded a $173.8 million charge related to goodwill impairment in some business units. Total sales were relatively flat at $1,004.2 million. The CEO commented that while core volumes declined 15% due to economic challenges, the company has seen signs of stability in revenues and gives a more positive outlook for the rest of the year.
This document is a Form 10-Q quarterly report filed with the SEC by Illinois Tool Works Inc. for the quarter ended March 31, 2002. It includes the company's unaudited financial statements and notes. The financial statements show that for Q1 2002, revenues decreased compared to Q1 2001 but net income turned to a loss due to a non-cash goodwill impairment charge, while income from continuing operations increased. Cash flow was positive with adjustments made to net income for non-cash expenses and changes in working capital.
This document is Illinois Tool Works Inc.'s quarterly report filed with the SEC for the quarter ended March 31, 2005. It includes the company's unaudited financial statements, including statements of income, financial position, and cash flows for the quarter. Key highlights include total revenues of $3.07 billion for the quarter, net income of $312.3 million, and adoption of new accounting standards for share-based compensation effective January 1, 2005 which increased reported compensation expense.
This document provides financial highlights and operating data for ConocoPhillips for the fourth quarter and full year 2006 compared to 2005. Some key details:
- Revenues for Q4 2006 were $42.5 billion compared to $52.2 billion for Q4 2005. Full year revenues were $188.5 billion in 2006 versus $183.4 billion in 2005.
- Net income for Q4 2006 was $3.2 billion compared to $3.7 billion for Q4 2005. Full year net income was $15.6 billion in 2006 versus $13.5 billion in 2005.
- Average daily oil and gas production for Q4 2006 was 859 thousand barrels of oil equivalent for consolidated
This document summarizes the financial performance of a company for the third quarter and fiscal year ending June 30, 2005 compared to the prior year. It shows that net sales increased 6% for the quarter and 5% for the year. Earnings from continuing operations were $156 million for the quarter and $517 million for the year. The company also had significant earnings from discontinued operations of $579 million for the year from the sale of a business unit.
This document is the 2001 annual report of Big Lots, Inc. that includes selected financial data from 1998-2002, such as net sales, costs, expenses, earnings, balance sheet information, and store counts. It also includes a management discussion and analysis section and notes regarding forward-looking statements and risk factors that could affect the company's projections.
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2001. It includes key financial information such as earnings results for Q4 and full year 2001, operating revenues and expenses, balance sheet information, and cash flow information. Specifically, it notes that Q4 2001 earnings were $0.46 per share including workforce reduction costs, or $0.57 per share excluding those costs. For the full year, earnings were $1.87 per share including unusual items, or $2.08 per share excluding unusual items. It also highlights free cash flow of $443 million for the full year, up 3% from 2000.
Danaher Corporation announced record results for the second quarter of 2008, with net earnings from continuing operations of $363 million, an 18% increase over the second quarter of 2007. Sales increased 25% to $3.28 billion. The company also saw a 22% increase in adjusted net earnings from continuing operations, which excludes certain charges related to an acquisition. For the first six months of 2008, net earnings from continuing operations were $640 million, up 14.5% compared to the same period in 2007. The company's CEO stated that despite economic conditions, the company's businesses are well positioned for the rest of 2008.
StockerYale reported financial results for the first quarter of 2009, with revenue of $6.3 million, down 22% year-over-year due to a strong US dollar and weak global demand. The company achieved a gross profit margin of 38% compared to 31% in Q1 2008 through higher margin product sales and cost reductions. While the operating loss was $0.9 million, EBITDA was near break-even at -$27,000 compared to a loss of $400,000 in Q1 2008. StockerYale expects continued challenges in the near future but believes medical and defense sales will increase in 2009 to offset weakness in other markets.
Duke Energy reported financial results for the full year and fourth quarter of 2003. Key highlights include:
1) Regulated utilities and field services showed strong operational and financial performance, while merchant operations produced a loss.
2) Duke Energy exceeded its targets for non-strategic asset sales of over $2 billion and debt reduction of $2.2 billion.
3) Special pre-tax charges of $3.4 billion were taken in the fourth quarter to reduce exposure to merchant generation and international businesses.
4) Annual dividend was maintained at $1.10 per share and debt reduction between $3.5-4 billion is expected in 2004 to strengthen the company's financial position.
1. Burlington Northern Santa Fe reported first quarter 2002 earnings of $0.45 per share, up from $0.34 per share in first quarter 2001, which included non-recurring losses.
2. Freight revenues decreased 6% to $2.14 billion due to softer demand across all major product sectors and mild winter weather reducing coal shipments.
3. Operating expenses decreased 4% to $1.8 billion due to reductions in fuel costs, compensation, and equipment rents, partially offsetting the revenue decline.
The document summarizes Henkel's financial results for the second quarter and first half of 2004 compared to the same periods in 2003. Net sales increased 9% in the second quarter and 6% year-to-date. Earnings from continuing operations rose 26% in the second quarter and 9% year-to-date due to growth across all business segments. Discontinued operations generated a large gain of $550 million from the exchange of businesses and increased earnings from discontinued operations significantly for both periods. As a result, net earnings increased substantially.
This document is an SEC Form 10-Q quarterly report filed by Xcel Energy Inc. for the quarter ended June 30, 2002. It includes consolidated statements of income showing operating revenues and expenses for the quarter and year-to-date, resulting in operating income of $345.6 million and $673 million respectively. It also reports net income of $87.3 million for the quarter and $190.8 million year-to-date, as well as earnings available to common shareholders of $86.2 million and $188.7 million.
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.
Danaher Corporation announced record results for the second quarter and first half of 2005. Net earnings for the second quarter increased 25.5% compared to 2004, and sales increased 19%. For the first six months, net earnings increased 27.5% and sales increased 19%. The company's president stated that growth from existing businesses accounted for 5.5% sales growth in the quarter and that the company saw broad-based strength across its businesses.
Danaher Corporation announced record first quarter results for 2003, with net earnings of $103.1 million, a 25% increase over the prior year. Sales increased 19% to $1,196.2 million due to 15% growth from acquisitions, 1% core volume growth, and 3% from currency gains. The company was pleased with results despite economic challenges and remains confident in delivering positive results for the rest of the year.
Danaher Corporation announced record second quarter results for 2003, with net earnings of $125.1 million, a 21% increase over the previous year. Diluted earnings per share were $0.79, up 20% from 2002. Sales increased 13% to $1.299 billion due to recently completed acquisitions. For the first six months of 2003, net earnings were $228.3 million, a 22% rise, and diluted EPS grew 19% to $1.44, despite a sluggish economic environment. The company expects further growth from targeted opportunities and cost reductions.
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 document is Burlington Northern Santa Fe Corporation's third quarter 2001 investors' report. Key points:
- Earnings per share were $0.58 compared to $0.64 in third quarter 2000. Freight revenues were $2.31 billion, even with last year.
- Operating expenses were higher by $69 million due to increased compensation, benefits, and fuel costs. Operating income was $502 million versus $571 million in 2000.
- 4.1 million shares were repurchased in the quarter, bringing the total under the buyback program to 101.1 million shares.
- The report provides financial statements and statistics on revenues, expenses, operations, and capital expenditures for
This document summarizes the financial performance and position of a company for the three months and fiscal year ended June 30, 2004 compared to the same periods in 2003. For the quarter, net sales increased 8% to $1.24 billion while net earnings grew 25% to $185 million. For the fiscal year, net sales rose 4% to $4.32 billion and net earnings increased 11% to $549 million. The company's current assets as of June 30, 2004 were $1.04 billion and total stockholders' equity was $1.54 billion.
Genworth Financial provides insurance and financial services to over 15 million customers globally. In 2005, Genworth saw total revenues of $11.06 billion and total net earnings of $1.22 billion. The company focuses on innovation, simplification, efficiency, customer service, brand building, and financial stewardship to better serve consumer needs such as retirement planning, long term care, mortgage insurance, and more.
Danaher Corporation announced record third quarter results for 2008. Net earnings from continuing operations increased 11% to $372 million compared to $335 million in the third quarter of 2007. Sales increased 17.5% to $3.21 billion. For the first nine months of 2008, net earnings from continuing operations increased 13.2% to $1.01 billion compared to $894 million for the same period in 2007. Sales for the first nine months increased 20.5% to $9.51 billion. The company's president stated they delivered strong performance in the quarter and expect to continue outperforming during challenging economic times due to their portfolio of businesses and operational excellence initiatives.
Danaher Corporation reported financial results for Q4 and full year 2008. Q4 net earnings were $305.7 million compared to $320.2 million in Q4 2007. For the full year, net earnings were $1.3 billion compared to $1.37 billion in 2007. Sales increased 1% in Q4 to $3.18 billion and increased 15% for the full year to $12.7 billion. The CEO stated that while 2009 will be difficult, Danaher's portfolio of businesses and strong balance sheet will allow it to outperform in a challenging market.
Danaher Corporation reported record results for the fourth quarter and full year 2005. Net earnings for Q4 2005 increased 20% to $261.6 million compared to Q4 2004. For the full year, net earnings increased 21.5% to $907.7 million compared to 2004. Sales for Q4 2005 increased 14.5% and sales for 2005 increased 16% compared to the prior year. The company's president stated that the record performance throughout 2005 and strong fourth quarter give them confidence for continued excellent results in 2006.
This document is Danaher Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2006. It includes Danaher's consolidated condensed financial statements, including the balance sheet, income statement, statement of cash flows, and notes to the financial statements. Of note, Danaher reported net earnings of $314.5 million for the quarter and $530.2 million for the six months ended June 30, 2006. Total assets increased to $11.9 billion as of June 30, 2006 from $9.2 billion as of December 31, 2005, primarily due to acquisitions completed during the first six months of 2006.
This document summarizes the financial performance of a company for the third quarter and fiscal year ending June 30, 2005 compared to the prior year. It shows that net sales increased 6% for the quarter and 5% for the year. Earnings from continuing operations were $156 million for the quarter and $517 million for the year. The company also had significant earnings from discontinued operations of $579 million for the year from the sale of a business unit.
This document is the 2001 annual report of Big Lots, Inc. that includes selected financial data from 1998-2002, such as net sales, costs, expenses, earnings, balance sheet information, and store counts. It also includes a management discussion and analysis section and notes regarding forward-looking statements and risk factors that could affect the company's projections.
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2001. It includes key financial information such as earnings results for Q4 and full year 2001, operating revenues and expenses, balance sheet information, and cash flow information. Specifically, it notes that Q4 2001 earnings were $0.46 per share including workforce reduction costs, or $0.57 per share excluding those costs. For the full year, earnings were $1.87 per share including unusual items, or $2.08 per share excluding unusual items. It also highlights free cash flow of $443 million for the full year, up 3% from 2000.
Danaher Corporation announced record results for the second quarter of 2008, with net earnings from continuing operations of $363 million, an 18% increase over the second quarter of 2007. Sales increased 25% to $3.28 billion. The company also saw a 22% increase in adjusted net earnings from continuing operations, which excludes certain charges related to an acquisition. For the first six months of 2008, net earnings from continuing operations were $640 million, up 14.5% compared to the same period in 2007. The company's CEO stated that despite economic conditions, the company's businesses are well positioned for the rest of 2008.
StockerYale reported financial results for the first quarter of 2009, with revenue of $6.3 million, down 22% year-over-year due to a strong US dollar and weak global demand. The company achieved a gross profit margin of 38% compared to 31% in Q1 2008 through higher margin product sales and cost reductions. While the operating loss was $0.9 million, EBITDA was near break-even at -$27,000 compared to a loss of $400,000 in Q1 2008. StockerYale expects continued challenges in the near future but believes medical and defense sales will increase in 2009 to offset weakness in other markets.
Duke Energy reported financial results for the full year and fourth quarter of 2003. Key highlights include:
1) Regulated utilities and field services showed strong operational and financial performance, while merchant operations produced a loss.
2) Duke Energy exceeded its targets for non-strategic asset sales of over $2 billion and debt reduction of $2.2 billion.
3) Special pre-tax charges of $3.4 billion were taken in the fourth quarter to reduce exposure to merchant generation and international businesses.
4) Annual dividend was maintained at $1.10 per share and debt reduction between $3.5-4 billion is expected in 2004 to strengthen the company's financial position.
1. Burlington Northern Santa Fe reported first quarter 2002 earnings of $0.45 per share, up from $0.34 per share in first quarter 2001, which included non-recurring losses.
2. Freight revenues decreased 6% to $2.14 billion due to softer demand across all major product sectors and mild winter weather reducing coal shipments.
3. Operating expenses decreased 4% to $1.8 billion due to reductions in fuel costs, compensation, and equipment rents, partially offsetting the revenue decline.
The document summarizes Henkel's financial results for the second quarter and first half of 2004 compared to the same periods in 2003. Net sales increased 9% in the second quarter and 6% year-to-date. Earnings from continuing operations rose 26% in the second quarter and 9% year-to-date due to growth across all business segments. Discontinued operations generated a large gain of $550 million from the exchange of businesses and increased earnings from discontinued operations significantly for both periods. As a result, net earnings increased substantially.
This document is an SEC Form 10-Q quarterly report filed by Xcel Energy Inc. for the quarter ended June 30, 2002. It includes consolidated statements of income showing operating revenues and expenses for the quarter and year-to-date, resulting in operating income of $345.6 million and $673 million respectively. It also reports net income of $87.3 million for the quarter and $190.8 million year-to-date, as well as earnings available to common shareholders of $86.2 million and $188.7 million.
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.
Danaher Corporation announced record results for the second quarter and first half of 2005. Net earnings for the second quarter increased 25.5% compared to 2004, and sales increased 19%. For the first six months, net earnings increased 27.5% and sales increased 19%. The company's president stated that growth from existing businesses accounted for 5.5% sales growth in the quarter and that the company saw broad-based strength across its businesses.
Danaher Corporation announced record first quarter results for 2003, with net earnings of $103.1 million, a 25% increase over the prior year. Sales increased 19% to $1,196.2 million due to 15% growth from acquisitions, 1% core volume growth, and 3% from currency gains. The company was pleased with results despite economic challenges and remains confident in delivering positive results for the rest of the year.
Danaher Corporation announced record second quarter results for 2003, with net earnings of $125.1 million, a 21% increase over the previous year. Diluted earnings per share were $0.79, up 20% from 2002. Sales increased 13% to $1.299 billion due to recently completed acquisitions. For the first six months of 2003, net earnings were $228.3 million, a 22% rise, and diluted EPS grew 19% to $1.44, despite a sluggish economic environment. The company expects further growth from targeted opportunities and cost reductions.
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 document is Burlington Northern Santa Fe Corporation's third quarter 2001 investors' report. Key points:
- Earnings per share were $0.58 compared to $0.64 in third quarter 2000. Freight revenues were $2.31 billion, even with last year.
- Operating expenses were higher by $69 million due to increased compensation, benefits, and fuel costs. Operating income was $502 million versus $571 million in 2000.
- 4.1 million shares were repurchased in the quarter, bringing the total under the buyback program to 101.1 million shares.
- The report provides financial statements and statistics on revenues, expenses, operations, and capital expenditures for
This document summarizes the financial performance and position of a company for the three months and fiscal year ended June 30, 2004 compared to the same periods in 2003. For the quarter, net sales increased 8% to $1.24 billion while net earnings grew 25% to $185 million. For the fiscal year, net sales rose 4% to $4.32 billion and net earnings increased 11% to $549 million. The company's current assets as of June 30, 2004 were $1.04 billion and total stockholders' equity was $1.54 billion.
Genworth Financial provides insurance and financial services to over 15 million customers globally. In 2005, Genworth saw total revenues of $11.06 billion and total net earnings of $1.22 billion. The company focuses on innovation, simplification, efficiency, customer service, brand building, and financial stewardship to better serve consumer needs such as retirement planning, long term care, mortgage insurance, and more.
Danaher Corporation announced record third quarter results for 2008. Net earnings from continuing operations increased 11% to $372 million compared to $335 million in the third quarter of 2007. Sales increased 17.5% to $3.21 billion. For the first nine months of 2008, net earnings from continuing operations increased 13.2% to $1.01 billion compared to $894 million for the same period in 2007. Sales for the first nine months increased 20.5% to $9.51 billion. The company's president stated they delivered strong performance in the quarter and expect to continue outperforming during challenging economic times due to their portfolio of businesses and operational excellence initiatives.
Danaher Corporation reported financial results for Q4 and full year 2008. Q4 net earnings were $305.7 million compared to $320.2 million in Q4 2007. For the full year, net earnings were $1.3 billion compared to $1.37 billion in 2007. Sales increased 1% in Q4 to $3.18 billion and increased 15% for the full year to $12.7 billion. The CEO stated that while 2009 will be difficult, Danaher's portfolio of businesses and strong balance sheet will allow it to outperform in a challenging market.
Danaher Corporation reported record results for the fourth quarter and full year 2005. Net earnings for Q4 2005 increased 20% to $261.6 million compared to Q4 2004. For the full year, net earnings increased 21.5% to $907.7 million compared to 2004. Sales for Q4 2005 increased 14.5% and sales for 2005 increased 16% compared to the prior year. The company's president stated that the record performance throughout 2005 and strong fourth quarter give them confidence for continued excellent results in 2006.
This document is Danaher Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2006. It includes Danaher's consolidated condensed financial statements, including the balance sheet, income statement, statement of cash flows, and notes to the financial statements. Of note, Danaher reported net earnings of $314.5 million for the quarter and $530.2 million for the six months ended June 30, 2006. Total assets increased to $11.9 billion as of June 30, 2006 from $9.2 billion as of December 31, 2005, primarily due to acquisitions completed during the first six months of 2006.
This document is a financial supplement from Genworth Financial for the fourth quarter of 2006. It includes key financial highlights such as:
- Total stockholders' equity of $13.3 billion as of December 31, 2006.
- Book value per common share of $30.09 as of the end of the fourth quarter.
- Return on equity (ROE) of 11% for full year 2006 on a GAAP basis.
The supplement also provides detailed segment financial results, investment portfolio information, and other selected financial data for Genworth.
Danaher Corporation announced record first quarter results for 2008. Net earnings increased to $277 million compared to $252 million in the first quarter of 2007. Revenues increased 20% to $3.03 billion. The company saw strong growth in existing businesses but lower demand in some consumer areas. Danaher was encouraged by strong order levels and believes it is well positioned for the rest of 2008.
This document is Danaher Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended April 2, 2004. It provides financial statements and notes for the quarter, including the consolidated balance sheet, income statement, statement of cash flows, and statement of stockholders' equity. It also includes management's discussion and analysis of the financial results as well as certifications of the financial controls. The report indicates Danaher acquired four additional businesses during the quarter through purchases accounted for as additions to its Process/Environmental Controls segment.
Danaher reported record results for the fourth quarter and full year of 2006. Net earnings for Q4 2006 increased 28.5% to $323.7 million compared to Q4 2005. For the full year, net earnings increased 25% to $1.122 billion compared to 2005. Sales for Q4 2006 increased 17.5% to $2.66 billion and increased 20% for the full year to $9.596 billion. Danaher also expanded its segment reporting to include Medical Technologies as its own segment.
This document is Danaher Corporation's Form 10-Q filing for the quarter ended September 30, 2005. It provides financial statements and disclosures including the consolidated balance sheet, statement of earnings, statement of cash flows, and notes to the financial statements. The notes describe Danaher's acquisitions and divestitures during the nine months ended September 30, 2005, including 10 business acquisitions and the ongoing evaluation of assumptions for its largest acquisition, Leica Microsystems AG. The filing also indicates that Danaher's total comprehensive income for the periods presented represents net earnings plus the change in cumulative foreign translation adjustment.
This document is a financial supplement providing quarterly financial results for Genworth Financial, Inc. for 3Q 2008. It includes sections on net income, net operating income by business segment, balance sheets, investment portfolio details, and non-GAAP financial measures reconciliations. New metrics were added this quarter to provide more transparency into financial trends for the International and U.S. Mortgage Insurance segments.
This document is a Form 10-Q quarterly report filed by Danaher Corporation with the Securities and Exchange Commission for the quarter ended September 29, 2006. The summary provides key financial information including operating results, balance sheet details, and cash flow statements. Danaher reported quarterly net earnings of $268.1 million on sales of $2.44 billion. Total assets were $12 billion and stockholders' equity was $6.15 billion. For the nine months, net earnings were $798.3 million on sales of $6.94 billion. Cash provided by operating activities was $1.08 billion, while cash used for acquisitions was $2.17 billion for the period.
Genworth's 2007 annual report summarizes the company's performance for the year and outlines its vision and strategy going forward. In 2007, Genworth delivered net operating income of $1.37 billion and net operating earnings per share of $3.07, though results were below targets due to weakness in the US mortgage insurance segment. The report highlights several customer stories and outlines Genworth's strategic goals of becoming more consumer-focused, leveraging relationships with distribution partners, and using capital markets expertise to enhance its business model. Going forward, Genworth aims to help more people achieve financial security at various life stages through its array of insurance and investment products.
This document is Genworth Financial's 2004 annual report which summarizes their financial performance for the year. Some key highlights include:
- Total assets increased slightly to $103.9 billion in 2004 from $103.4 billion in 2003.
- Net earnings from continuing operations increased to $1,145 million in 2004 from $969 million in 2003.
- Pro forma net operating earnings were $1,044 million in 2004, with a pro forma net operating return on equity of 9.8% for the year.
- The CEO discusses Genworth's focus on helping individuals with protection, retirement income, investments, and homeownership in a world with shifting financial burdens from governments and corporations to individuals.
This document is Danaher Corporation's quarterly report filed with the SEC for the quarter ended October 1, 2004. It includes Danaher's consolidated condensed balance sheets, statements of earnings, statement of stockholders' equity, and statements of cash flows for the periods presented. Danaher reports that for the quarter ended October 1, 2004 it had net earnings of $200.8 million on sales of $1.7 billion, compared to net earnings of $138.6 million on sales of $1.3 billion for the same period in 2003. For the nine months ended October 1, 2004 Danaher had net earnings of $528.3 million on sales of $4.9 billion.
- Tribune Company reported its second quarter and first half 2002 results, with operating revenues increasing 1% in the second quarter compared to the previous year.
- Operating profit before restructuring charges was up 16% in the second quarter and 7% in the first half compared to the previous year. However, net income declined due to losses from derivatives and investments.
- Earnings per share were lower than the previous year in the second quarter and first half due to restructuring charges, losses from investments, and a cumulative effect of a change in accounting principle related to impairments of intangible assets.
- 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.
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.
Danaher Corporation announced its second quarter 2002 results, with net earnings of $103.7 million, a 10% increase over the second quarter of 2001. Earnings per share increased 5% to $0.66. Sales for the quarter increased 20% to $1.146 billion due primarily to recent acquisitions. For the first six months of 2002, net earnings were $12.7 million after a one-time $173.8 million goodwill impairment charge, but were up 5% excluding this charge at $186.4 million, with sales up 10% to $2.15 billion. The CEO stated they were pleased with the results and optimistic about continued improvement for the rest of the year.
This document summarizes Tribune Company's financial results for the first quarter of 2002 compared to the first quarter of 2001. Some key points:
- Operating revenues decreased 5% to $1.23 billion due to declines in publishing advertising and classified revenues. Operating profit before restructuring charges fell 3% to $251.7 million.
- Restructuring charges of $27.3 million were recorded in the first quarter of 2002 related to cost reduction initiatives.
- Net loss was $101.6 million compared to a net income of $70.6 million in 2001, driven by non-operating losses on investments and the cumulative effect of a change in accounting principle.
- Publishing revenues fell 6
This document provides an overview of Duke Energy's 2004 annual report. It discusses Duke Energy's objectives for 2004 including generating cash, reducing debt, preserving dividends, resizing assets, improving safety, and restoring credibility. The chairman highlights accomplishments like exceeding financial targets, reducing debt, and stabilizing credit ratings. However, safety failures and an operational incident are noted as disappointments. Unfinished business is also mentioned, like developing a sustainable business model for Duke Energy North America. The chairman expresses optimism for 2005 while pursuing growth and leadership in the industry.
The document summarizes Tribune Company's financial results for the first quarter of 2003 compared to 2002. Some key points:
- Operating revenues increased 5% to $1.29 billion driven by a 13% increase in television revenues. Operating profit before restructuring charges rose 10% to $276 million.
- Net income was $141 million compared to a net loss of $102 million in 2002. Earnings per share increased significantly.
- Publishing operating profit rose 21% to $198 million due to cost reductions. Broadcasting profit increased 25% to $90 million from higher television revenues and profits.
- Corporate losses narrowed to $11 million from restructuring charges in the prior year. The company had
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.
Danaher Corporation announced record second quarter results for 2004, with net earnings up 46% from the second quarter of 2003. Diluted earnings per share increased 44% compared to the prior year. Total sales were up 25%, including 13% from acquisitions and 2% from currency gains. The company's operating cash flow for the first half of 2004 increased 11% and was another record. The CEO stated they were pleased with the results and 10% core revenue growth from existing businesses, and were confident about the rest of 2004.
The document summarizes Tribune Company's financial results for the third quarter and first three quarters of 2006 compared to the same periods in 2005. Some key highlights:
- Operating revenues and operating profit declined in the third quarter of 2006 compared to 2005, while operating expenses increased slightly.
- Non-operating items contributed significantly to net income in the third quarter of 2006, driven largely by gains from partnerships restructurings and asset sales.
- Income from continuing operations increased substantially, while income from discontinued operations (tv station sales) declined.
- Earnings per share increased for the third quarter and first three quarters of 2006 compared to 2005 periods.
Tribune Company reported financial results for the fourth quarter of 2006 with increases in operating revenues and income from continuing operations compared to the same period in 2005. Operating revenues grew 5.4% to $1.47 billion driven by increases in publishing and broadcasting revenues. Income from continuing operations increased 76.9% to $232.1 million due to higher operating profit and non-operating gains, partially offset by higher interest expense. Net income attributable to common shares grew 80.6% to $239.1 million. Earnings per share increased significantly for both basic and diluted amounts.
Danaher Corporation announced record first quarter results for 2004 with net earnings of $145.2 million, a 41% increase over the first quarter of 2003. Diluted earnings per share were $0.90, up 38% from $0.65 in the prior year. Total sales increased 29% to $1.543 billion due to 12.5% core revenue growth, 12% growth from acquisitions, and 4.5% from currency gains. The company saw continued strength across most businesses and end markets.
Danaher Corporation reported its fourth quarter and full year 2001 results. For the fourth quarter, net earnings excluding restructuring charges were $76.6 million compared to $87.8 million in 2000. Full year 2001 net earnings excluding restructuring charges were $341.2 million, a 5% increase over 2000. However, Danaher recorded a $69.7 million restructuring charge in the fourth quarter related to manufacturing facility consolidations. For the full year, net earnings including restructuring charges were $297.7 million. Despite difficult economic conditions, Danaher was able to grow earnings in 2001 through aggressive cost reductions and restructuring actions.
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.
The document summarizes financial information for Qwest Communications International Inc. for the three months and full year ended December 31, 2006 and 2005. It provides key metrics such as operating revenue, costs, segment income, EBITDA, cash flows, debt levels, and operating margins. Non-GAAP financial measures are reconciled to GAAP measures and footnotes explain how the non-GAAP measures are useful for evaluating the capital-intensive business.
The document reports net income and diluted earnings per share (EPS) for a company for the three months and full year ended December 31, 2004 and 2003, both as reported under GAAP and excluding certain one-time charges. For the three months ended December 31, 2004, net income was $19.2 million ($0.57 diluted EPS) but was $22.4 million ($0.66 diluted EPS) excluding prior period adjustments related to a division. For the full year 2004, net income was $90 million ($2.65 diluted EPS) but was $94.1 million ($2.77 diluted EPS) excluding onetime items.
1) Genuine Parts Company reported an 11% decrease in sales and a 28% decrease in net income for the first quarter of 2009 compared to the same period in 2008. Earnings per share decreased 25% to 56 cents.
2) The company's Automotive, Industrial, Office Products, and Electrical segments all reported sales decreases for the quarter ranging from 7% to 25%.
3) While operating results were down, the company's balance sheet remains in excellent condition and it will continue working to strengthen its financial position through various initiatives.
This document is Form 10-Q filed by Illinois Tool Works Inc. with the Securities and Exchange Commission for the quarterly period ended June 30, 2002. The summary includes:
- Illinois Tool Works reported net income of $267.5 million for the quarter on revenues of $2.43 billion. For the six months ended June 30, 2002, net income was $244.1 million on revenues of $4.64 billion.
- Earnings per share from continuing operations for the quarter were $0.87, and $1.50 for the six months.
- The filing includes Illinois Tool Works' consolidated statement of income, balance sheet, and cash flows for the periods, as well as
allstate Quarterly Investor Information 2002 4th finance7
Allstate reported their fourth quarter and full year 2002 results. Some key highlights:
- Q4 2002 net income was $447 million, up 69% from Q4 2001. Full year 2002 net income was $1.13 billion, down slightly from 2001.
- Q4 2002 operating income was $618 million, up 100% from Q4 2001. Full year 2002 operating income was $2.08 billion, up from $1.49 billion in 2001.
- Results were driven by increased premiums earned, improved loss frequencies, and increased investment income, partly offset by higher claims severities and catastrophe losses.
- For 2003, Allstate expects operating income per share of $3.20-$3
This document is EchoStar Communications Corporation's annual report on Form 10-K for the fiscal year ending December 31, 1999. It provides information on EchoStar's business operations, legal proceedings, risks to its business, financial statements and other required disclosures. EchoStar operates a direct broadcast satellite subscription television service in the United States called DISH Network, which had approximately 3.4 million subscribers as of December 31, 1999. It also provides digital set-top boxes and other equipment to international direct-to-home service providers.
This document is EchoStar Communications Corporation's annual report on Form 10-K for the fiscal year ended December 31, 2000 filed with the Securities and Exchange Commission. It summarizes EchoStar's business operations, including its DISH Network direct broadcast satellite television service, technologies division, and satellite services business unit. It provides an overview of the components and technology behind EchoStar's DISH Network service, including its programming offerings, equipment requirements, and conditional access system for encryption/security. Financial data and other required disclosures are also included as required by the SEC.
This document is EchoStar Communications Corporation's annual report on Form 10-K for the fiscal year ending December 31, 2001 filed with the SEC. It provides an overview of EchoStar's businesses, including its DISH Network direct broadcast satellite television service and EchoStar Technologies equipment sales. It summarizes EchoStar's proposed merger with Hughes Electronics Corporation, which is subject to various regulatory approvals and conditions, including IRS and shareholder approval. If completed, the merger would create a new public company providing satellite TV services and technologies globally.
This document is EchoStar Communications Corporation's annual report on Form 10-K for the fiscal year ending December 31, 2002 filed with the SEC. It provides an overview of EchoStar's business including its DISH Network direct broadcast satellite television service and EchoStar Technologies equipment manufacturing business. It discusses EchoStar's programming packages, sales and marketing strategies, satellite fleet, technology, competition, regulation, legal proceedings, and financial results.
EchoStar Communications Corporation experienced significant growth in 2003, crossing the 9 million subscriber milestone for its DISH Network satellite television service. The company launched its ninth satellite and released several new receiver products, including those supporting high-definition television and digital video recording. Financially, EchoStar achieved $5.7 billion in revenue and $225 million in earnings, while reducing debt through bond issuances and retirements. Going forward, the company plans to continue expanding its offerings in areas like international programming and high-definition television.
- DISH Network added 1.48 million subscribers in 2004, surpassing 10 million subscribers in June 2004 and finishing the year with 10.9 million subscribers.
- DISH Network generated $7.15 billion in revenue in 2004, with earnings of $215 million and $21 million in free cash flow.
- DISH Network continues to focus on growing its subscriber base and developing additional services, and expects to launch its 10th satellite in early 2006 to increase channel offerings and capacity.
- DISH Network celebrated its 10th anniversary in 2005 and reported over $8.4 billion in revenue for the year, serving over 12 million customers.
- The company increased its net subscriber base by over 1.1 million customers in 2005 and remains the clear leader in international programming.
- Looking forward, the company plans to leverage its position as an HD leader by offering local HD channels in up to 30 markets by the end of the year using its new EchoStar X satellite.
dish network 2007 Notice and Proxy Statementfinance24
- The document is a letter from the Chairman and CEO of EchoStar Communications Corporation inviting shareholders to attend EchoStar's 2007 Annual Meeting of Shareholders on May 8, 2007.
- It provides details on the location, time, and agenda items to be voted on at the meeting, including the election of 10 directors and the ratification of the appointment of KPMG LLP as the independent auditor.
- Shareholders are encouraged to vote by proxy whether attending the meeting or not to ensure their votes are counted, and they are thanked for their support and interest in EchoStar.
Danaher Corporation reported quarterly and annual sales and operating margin data for its Tools and Controls segments for an unaudited period. The Tools segment saw annual sales of $1.16 billion while the Controls segment generated $2.62 billion in annual sales. On an annual basis before restructuring, operating margins were 13.49% for Tools and 16.54% for Controls. After restructuring, the annual operating margin fell to 11.31% for Tools and 14.85% for Controls.
Danaher Corporation announced its third quarter 2001 results, reporting a 5% increase in net income to $87.7 million compared to $83.6 million in third quarter 2000. Third quarter sales were down 8.6% to $901.6 million due to weakness in the industrial economy. For the first nine months of 2001, net earnings increased 12% to $264.6 million on 4% higher sales of $2.86 billion compared to the same period in 2000. The CEO stated that aggressive cost control allowed for earnings growth despite softness in the economy and that Danaher will maintain a strict cost focus while economic conditions remain uncertain.
Danaher Corporation announced its second quarter 2001 results, with record net earnings of $94.2 million, up 16% from the previous year. Revenue was also up 7% to $956.6 million. For the six month period, net earnings reached a record $176.8 million, up 16% and revenue was up 11.5% to $1.962 billion. While sales growth was strong, a slowing domestic economy negatively impacted some product lines, leading to a 4.5% decline in core sales volume. However, aggressive cost cutting measures helped boost earnings per share by 12.5% for the quarter.
Danaher Corporation announced record results for the first quarter of 2001 with net earnings of $82.6 million, a 15% increase over the same period in 2000. Diluted earnings per share were $0.56, up 14% from 2000. Sales increased 16% to $1,005.3 million due to acquisitions. While core volume declined in the tools and components segment due to a weak domestic economy, cost containment measures helped drive record operating profit. The company expects continued outperformance in 2001 despite economic uncertainty.
Danaher Corporation provided a document summarizing its selling, general and administrative costs, operating profit, and free cash flow for the quarter and year ended December 31, 2003. Some key highlights include:
- Total company revenue for the quarter increased 16.7% to $1.49 billion compared to the same quarter last year.
- Operating profit before special credits for the total company was $239.6 million for the quarter, up 20.1% from the prior year.
- Free cash flow for the year was $781.2 million, up 21.1% from 2002.
This document from Danaher Corporation provides supplemental financial information including free cash flow and debt ratios for quarters ending in March, June, and September 2003 as well as year-to-date figures. Free cash flow is defined as operating cash flow minus capital expenditures and is a measure of available cash. Debt ratios including debt-to-total capital and net debt-to-total capital are also provided to show Danaher's leverage over time. Management believes these metrics provide useful information to investors and help determine borrowing capacity.
This document from Danaher Corporation provides supplemental financial information including free cash flows, debt to total capital ratios, and net debt to total capital ratios for quarters ending in March and June of 2002 and 2003. Free cash flow increased from the prior year periods, while debt to total capital and net debt to total capital ratios decreased from the end of 2002 to the end of June 2003 due to an increase in cash and equity and a decrease in total debt. Management uses these metrics to evaluate the company's ability to generate cash, leverage over time, and access additional borrowing.
This document from Danaher Corporation provides supplemental financial information for 2004 including key debt and capital ratios as well as free cash flow calculations. It shows that Danaher's debt to total capital ratio decreased from 26.3% in 2003 to 22.6% in 2004 as debt levels declined and equity increased. The net debt to total capital ratio also decreased substantially from 1.4% to 12.4% as cash levels rose significantly. Free cash flow increased from $781 million in 2003 to $917 million in 2004 and the ratio of free cash flow to net earnings was 1.23 in 2004.
Danaher Corporation reported record results for the fourth quarter and full year 2004 with net earnings increasing 26% and 36% respectively over the previous year. Fourth quarter sales increased 33% to $1.98 billion while full year sales grew 30% to $6.89 billion. The company also expanded its segment reporting to three segments: Professional Instrumentation, Industrial Technologies, and Tools and Components. The CEO stated they were pleased with the strong gains across all three segments and record cash flow of $1.03 billion, a 20% increase over 2003.
This document summarizes Danaher Corporation's supplemental financial information for quarters ending April 2, 2004 through October 1, 2004 and the nine months ending October 1, 2004. It provides details on free cash flow, the ratio of free cash flow to net earnings, debt to total capital ratios, and net debt to total capital ratios. Free cash flow increased quarter-over-quarter and Danaher Corporation's debt to total capital and net debt to total capital ratios improved from December 31, 2003 to October 1, 2004.
The document provides supplemental financial information for Danaher Corporation for the second quarter of 2004 including free cash flow, the ratio of free cash flow to net earnings, debt to total capital ratios, and net debt to total capital ratios. It shows operating cash flows, capital expenditures, and the resulting free cash flow for the quarter and six months ended in July 2004 and the comparable periods from the prior year. Notes define key terms and ratios and explain how management uses the information.
This document is Danaher Corporation's Form 10-Q filing for the quarter ended July 2, 2004. It provides financial statements and disclosures including: consolidated condensed balance sheets as of July 2, 2004 and December 31, 2003; consolidated condensed statements of earnings for the three and six month periods ended July 2, 2004 and June 27, 2003; a consolidated condensed statement of stockholders' equity; and consolidated condensed statements of cash flows for the six month periods ended July 2, 2004 and June 27, 2003. Notes to the financial statements provide additional information on segments, common stock and earnings per share calculations.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
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OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
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/
Discover the Future of Dogecoin with Our Comprehensive Guidance
danaher 02-4qrel
1. DANAHER CORPORATION
2099 PENNSYLVANIA AVENUE, N.W.
12TH FLOOR
WASHINGTON, D.C. 20016
TELEPHONE (202)-828-0850 FAX (202)-828-0860
FOR IMMEDIATE RELEASE CONTACT: Patrick Allender
Chief Financial Officer
(202) 828-0850
DANAHER CORPORATION REPORTS RECORD
FOURTH QUARTER AND 2002 RESULTS
_________________________________________________________________
WASHINGTON, D.C., January 30, 2003 -- Danaher Corporation (NYSE:DHR) announced today results
for the fourth quarter and year ended December 31, 2002. Net earnings for the fourth quarter of 2002, excluding
the effect of unusual items, were $124.4 million, or $0.79 per diluted share, a 27% increase over 2001. Excluding
the effect of unusual items, net earnings for the 2001 fourth quarter were $92.3 million, or $0.62 per diluted share.
Net earnings for the fourth quarter of 2002 including the impact of all unusual items were $161.7 million, or $1.03
per diluted share, compared with $33.1 million, or $0.23 per diluted share for the fourth quarter of 2001. As
indicated in the reconciliation presented below, the unusual items affecting the fourth quarter of 2002 include
benefits resulting from unused reserves associated with the restructuring program announced in the fourth quarter
of 2001, a lower effective income tax rate and the reduction of income tax reserves related to a previously
discontinued operation. The unusual items affecting the fourth quarter 2001 net earnings included the costs
associated with the restructuring program announced in the quarter as well as the effect of goodwill amortization
which was required prior to the Company’s adoption of Statement of Financial Accounting Standard No. 142
(SFAS 142) as of January 1, 2002. Sales for the 2002 fourth quarter were $1,275.0 million compared to $918.9
million for the fourth quarter of 2001, an increase of 39%.
For the full year 2002, net earnings excluding the effect of unusual items were $426.1 million, or $2.74 per
diluted share. Excluding the effect of unusual items, earnings for the full year 2001 were $396.1 million, or $2.66
per diluted share. Net earnings for 2002 including the effect of all unusual items were $290.4 million, or $1.88 per
diluted share (which includes a charge of $1.10 per share related to a change in accounting), compared with $297.7
million, or $2.01 per diluted share for the fourth quarter of 2001. Consistent with the fourth quarter, the unusual
items impacting the full year 2002 included benefits resulting from unused reserves associated with the
restructuring program announced in the fourth quarter of 2001, the reduction of income tax reserves related to a
previously discontinued operation as well as gains on the sale of real estate. Net earnings for 2002 were negatively
impacted by a goodwill impairment charge totaling $173.8 million ($1.10 per diluted share) related to the adoption
of SFAS 142. The unusual items affecting the full year 2001 net earnings included the negative effects of accruing
the costs associated with the restructuring program announced in 2001 as well as the impact of goodwill
amortization that ceased upon the Company’s adoption of SFAS 142 as of January 1, 2002. Sales for 2002 were
$4.577 billion compared to $3.782 billion in 2001, an increase of 21%.
H. Lawrence Culp, Jr., President and Chief Executive Officer, stated, “We are pleased to report record fourth
quarter and full year results. Total sales for the quarter grew 39%, due primarily to new acquisitions, but also due to a
3.5% core volume increase. Strong gains in our process/environmental controls segment, particularly in the electronic
test and motion product lines, offset a slight decline in the tools and components segment. We have again achieved
record cash flow with 2002 operating cash flow totaling $710.3 million, a 17% increase over the 2001 level of $608.5
million. Although signs of a near term economic recovery are mixed, we remain optimistic regarding our ability to
outperform in 2003.”
Danaher Corporation is a leading manufacturer of Process/Environmental Controls and Tools and Components.
(www.danaher.com)
2. SUPPLEMENTAL INCOME STATEMENT DATA
(in thousands, except per share amounts)
Quarter Ended Year Ended
12/31/02 12/31/01 12/31/02 12/31/01
Net earnings before unusual items $ 124,443 $ 92,346 $ 426,061 $ 396,143
Gains on sale of real estate, net of tax 609 -- 3,940 --
Effect of lower tax rate on prior quarters (A) 2,520 -- -- --
After-tax impact of restructuring charge 4,140 (43,500) 4,140 (43,500)
Goodwill amortization, net of tax -- (15,734) -- (54,978)
Reduction of tax reserves related to previously
discontinued operation 30,000 -- 30,000 --
Effect of accounting change, net of tax, SFAS 142 -- -- (173,750) --
Net earnings $ 161,712 $ 33,112 $ 290,391 $ 297,665
Diluted net earnings per share before unusual items $0.79 $0.62 $2.74 $2.66
Gains on sale of real estate, net of tax -- -- 0.02 --
Effect of lower tax rate on prior quarters (A) 0.02 -- -- --
After-tax impact of restructuring charge 0.03 (0.29) 0.03 (0.29)
Goodwill amortization, net of tax -- (0.10) -- (0.36)
Reduction of tax reserves related to previously
discontinued operation 0.19 -- 0.19 --
Effect of accounting change, net of tax, SFAS 142 -- -- (1.10) --
Diluted net earnings per share $1.03 $0.23 $1.88 $2.01
(A) Represents the effect on the fourth quarter of lowering the full year effective income tax rate to 34% from
34.5% used during the first three quarters of 2002.
Statements in this release, including the attachments to this release, that are not strictly historical may be forward-looking
statements, which involve risks and uncertainties. These include economic and currency conditions, market demand, pricing, and
competitive and technological factors, among others, as set forth in the company’s SEC filings.
3. DANAHER CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
(in thousands, except per share amounts)
Quarter Ended Year
Ended
12/31/02 12/31/01 12/31/02 12/31/01
Net sales $ 1,274,978 $ 918,932 $ 4,577,232 $ 3,782,444
Cost of sales 769,435 580,699 2,791,175 2,338,027
Selling, general and administrative 305,872 209,167 1,097,365 872,680
Gains on sale of real estate (952) -- (6,157) --
Restructuring expenses (6,273) 69,726 (6,273) 69,726
Total operating expenses 1,068,082 859,592 3,876,110 3,280,433
Operating profit 206,896 59,340 701,122 502,011
Interest expense, net 11,151 6,362 43,654 25,747
Earnings before income taxes 195,745 52,978 657,468 476,264
Income taxes 64,033 19,866 223,327 178,599
Net earnings before effect of accounting change
and reduction of income tax reserves 131,712 33,112 434,141 297,665
Reduction of income tax reserves related to
previously discontinued operation 30,000 -- 30,000 --
Effect of accounting change, net of tax, adoption of
SFAS No. 142 -- -- (173,750) --
Net earnings $ 161,712 $ 33,112 $ 290,391 $ 297,665
Basic net earnings per share:
Net earnings before effect of accounting change
and reduction of income tax reserves $ 0.87 $ 0.23 $ 2.89 $ 2.07
Add: Reduction of income tax reserves 0.20 -- 0.20 --
Less: Effect of accounting change -- -- (1.16) --
Net earnings $ 1.07 $ 0.23 $ 1.93 $ 2.07
Diluted net earnings per share:
Net earnings before effect of accounting change
and reduction of income tax reserves $ 0.84 $ 0.23 $ 2.79 $ 2.01
Add: Reduction of income tax reserves 0.19 -- 0.19 --
Less: Effect of accounting change -- -- (1.10) --
Net earnings $ 1.03 $ 0.23 $ 1.88 $ 2.01
Average common stock and common equivalent
shares outstanding:
Basic 152,607 143,794 150,224 143,630
Diluted 160,328 152,088 158,482 151,848
These statements are presented for reference only. The final audited statements will include footnotes, which should be
referenced when available, to more fully understand the contents of these statements.
4. DANAHER CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands)
As of December 31,
ASSETS 2002 2001
Current assets:
Cash and equivalents $ 810,463 $ 706,559
Trade accounts receivable, less allowance for doubtful accounts of
$64,000 and $44,000 759,028 585,318
Inventories 485,587 408,236
Prepaid expenses and other 332,188 174,502
Total current assets 2,387,266 1,874,615
Property, plant and equipment, net 597,379 533,572
Other assets 36,796 119,639
Goodwill and other intangible assets 3,007,704 2,292,657
$6,029,145 $4,820,483
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Notes payable and current portion of long-term debt $ 112,542 $ 72,356
Trade accounts payable 366,587 235,501
Accrued expenses 786,183 709,437
Total current liabilities 1,265,312 1,017,294
Other liabilities 556,812 455,270
Long-term debt 1,197,422 1,119,333
Stockholders’ equity:
Common stock, one cent par value; 500,000 shares authorized;
166,545 and 157,327 issued; 152,532 and 143,314
outstanding 1,665 1,573
Additional paid-in capital 915,562 375,279
Accumulated other comprehensive income (105,973) (69,736)
Retained earnings 2,198,345 1,921,470
Total stockholders’ equity 3,009,599 2,228,586
$6,029,145 $4,820,483
These statements are presented for reference only. The final audited statements will include footnotes, which should
be referenced when available, to more fully understand the contents of these statements.
5. DANAHER CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Year Ended
12/31/02 12/31/01 12/31/00
Cash flows from operating activities:
Net earnings $ 290,391 $ 297,665 $ 324,213
Reduction of income tax reserves (30,000) -- --
Effect of change in accounting principle 173,750 -- --
434,141 297,665 324,213
Depreciation and amortization 129,565 178,390 149,721
Change in trade accounts receivable 59,030 142,308 (15,926)
Change in inventories 77,544 66,833 (38,451)
Change in accounts payable 54,008 (38,138) (81)
Change in prepaid expenses and other assets (71,536) (62,641) (78,599)
Change in accrued expenses and other liabilities 27,595 24,054 171,368
Total operating cash flows 710,347 608,471 512,245
Cash flows from investing activities:
Payments for additions to property, plant and equipment (65,430) (84,457) (103,718)
Proceeds from disposals of property, plant and equipment 26,466 3,872 15,215
Cash paid for acquisitions (1,158,129) (439,814) (708,594)
Proceeds from divestitures 52,562 32,826 1,800
Net cash used in investing activities (1,144,531) (487,573) (795,297)
Cash flows from financing activities:
Proceeds from issuance of common stock 512,105 28,169 26,580
Dividends paid (13,516) (11,676) (10,015)
Proceeds from debt borrowings 37,528 517,564 340,409
Debt repayments (19,820) (107,048) (74,319)
Purchase of treasury stock -- (17,299) (82,174)
Net cash provided by financing activities 516,297 409,710 200,481
Effect of exchange rate changes on cash 21,791 (973) (786)
Net change in cash and equivalents 103,904 529,635 (83,357)
Beginning balance of cash and equivalents 706,559 176,924 260,281
Ending balance of cash and equivalents $ 810,463 $706,559 $176,924
These statements are presented for reference only. The final audited statements will include footnotes, which should
be referenced when available, to more fully understand the contents of these statements.
6. DANAHER CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL SEGMENT INFORMATION
Year Ended December 31, 2002
(in thousands)
1Q 2Q 3Q 4Q Full Year
Sales:
Process/Environmental Controls $734,229 $843,527 $840,222 $967,176 $3,385,154
Tools and Components 269,978 302,799 311,499 307,802 1,192,078
Total $1,004,207 $1,146,326 $1,151,721 $1,274,978 $4,577,232
Operating Margins before Restructuring Impact:
Process/Environmental Controls $ 107,444 $ 130,228 $ 139,932 $ 158,148 $ 535,752
Tools and Components 34,780 45,453 51,723 47,835 179,791
Other (5,003) (6,106) (4,225) (5,360) (20,694)
Total $ 137,221 $ 169,575 $ 187,430 $ 200,623 $ 694,849
Process/Environmental Controls 14.6% 15.4% 16.7% 16.4% 15.8%
Tool and Components 12.9% 15.0% 16.6% 15.5% 15.1%
Total 13.7% 14.8% 16.3% 15.7% 15.2%
Operating Margins after Restructuring Impact:
Process/Environmental Controls $ 107,444 $ 130,228 $ 139,932 $ 162,853 $ 540,457
Tools and Components 34,780 45,453 51,723 49,403 181,359
Other (5,003) (6,106) (4,225) (5,360) (20,694)
Total $ 137,221 $ 169,575 $ 187,430 $ 206,896 $ 701,122
Process/Environmental Controls 14.6% 15.4% 16.7% 16.8% 16.0%
Tools and Components 12.9% 15.0% 16.6% 16.1% 15.2%
Total 13.7% 14.8% 16.3% 16.2% 15.3%
This information is presented for reference only. Final audited financial statements will include footnotes, which
should be referenced when available, to more fully understand the contents of this information.
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