| NAME: | AVX CORP | |||||||||
| TICKER SYMBOL: | AVX | |||||||||
| PRIMARY SIC CODE: | 3670 | |||||||||
| STOCK EXCHANGE: | 11 | New York Stock Exchange | ||||||||
| CUSIP: | 002444 | |||||||||
| STATEMENT OF FINANCIAL POSITION | ||||||||||
| Fiscal Year: | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |
| (FYR Ending): | (31MAR2005 ) | (31MAR2006 ) | (31MAR2007 ) | (31MAR2008 ) | (31MAR2009 ) | (31MAR2010 ) | (31MAR2011 ) | (31MAR2012 ) | ( N/A ) | |
| ASSETS | ||||||||||
| Cash & Equivalents | 526.470 | 664.321 | 829.382 | 663.654 | 546.723 | 688.450 | 781.011 | 813.417 | ||
| Receivables - Total (Net) | 156.065 | 177.448 | 196.165 | 203.762 | 143.715 | 195.983 | 233.783 | 223.041 | ||
| Inventories - Total | 379.630 | 307.653 | 330.141 | 421.216 | 365.003 | 357.105 | 496.495 | 566.117 | ||
| Prepaid Expenses | ||||||||||
| Current Assets - Other | 55.971 | 54.350 | 65.707 | 88.573 | 77.063 | 74.820 | 90.826 | 124.570 | ||
| Current Assets - Total | 1,118.136 | 1,203.772 | 1,421.395 | 1,377.205 | 1,132.504 | 1,316.358 | 1,602.115 | 1,727.145 | ||
| Plant, Property & Equip (Gross) | 1,505.383 | 1,468.386 | 1,593.282 | 1,707.265 | 1,467.522 | 1,449.672 | 1,462.702 | 1,449.981 | ||
| Accumulated Depreciation | 1,239.491 | 1,235.436 | 1,349.409 | 1,390.693 | 1,204.135 | 1,202.643 | 1,227.043 | 1,213.493 | ||
| Plant, Property & Equip (Net) | 265.892 | 232.950 | 243.873 | 316.572 | 263.387 | 247.029 | 235.659 | 236.488 | ||
| Investments at Equity | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Investments and Advances - Other | 193.997 | 135.004 | 139.000 | 151.665 | 215.757 | 225.332 | 225.325 | 238.112 | ||
| Intangibles | 70.186 | 69.483 | 71.166 | 254.059 | 252.849 | 249.412 | 245.144 | 240.928 | ||
| Deferred Charges | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Assets - Other | 41.538 | 33.999 | 24.102 | 9.577 | 8.032 | 13.361 | 11.239 | 25.339 | ||
| TOTAL ASSETS | 1,689.749 | 1,675.208 | 1,899.536 | 2,109.078 | 1,872.529 | 2,051.492 | 2,319.482 | 2,468.012 | ||
| LIABILITIES | ||||||||||
| Accounts Payable | 116.452 | 105.011 | 126.689 | 137.152 | 63.975 | 104.421 | 132.633 | 103.797 | ||
| Notes Payable | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Accrued Expenses | 71.688 | 56.840 | 66.003 | 72.748 | 82.499 | 85.320 | 92.580 | 178.914 | ||
| Taxes Payable | 8.432 | 9.179 | 14.668 | 10.616 | 2.928 | 3.532 | 10.452 | 13.815 | ||
| Debt (Long-Term) Due In One Year | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Other Current Liabilities | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .547 | ||
| Total Current Liabilities | 196.572 | 171.030 | 207.360 | 220.516 | 149.402 | 193.273 | 235.665 | 297.073 | ||
| Long Term Debt | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Deferred Taxes (Balance Sheet) | .000 | .000 | 2.270 | |||||||
| Investment Tax Credit | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Liabilities - Other | 53.926 | 56.069 | 56.897 | 59.211 | 53.374 | 57.212 | 44.400 | 47.916 | ||
| Noncontrolling Interest - Redeemable | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| TOTAL LIABILITIES | 250.498 | 227.099 | 264.257 | 279.727 | 202.776 | 250.485 | 280.065 | 347.259 | ||
| SHAREHOLDERS' EQUITY | ||||||||||
| Preferred Stock | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Common Stock | 1.764 | 1.764 | 1.764 | 1.764 | 1.764 | 1.764 | 1.764 | 1.764 | ||
| Capital Surplus | 339.358 | 338.784 | 340.911 | 342.843 | 343.275 | 345.305 | 347.664 | 349.474 | ||
| Retained Earnings (Net Other) | 1,141.931 | 1,160.826 | 1,355.095 | 1,556.699 | 1,402.266 | 1,535.075 | 1,770.681 | 1,857.503 | ||
| Less: Treasury Stock | 43.802 | 53.265 | 62.491 | 71.955 | 77.552 | 81.137 | 80.692 | 87.988 | ||
| Shareholders Equity - Parent | 1,439.251 | 1,448.109 | 1,635.279 | 1,829.351 | 1,669.753 | 1,801.007 | 2,039.417 | 2,120.753 | ||
| Noncontrolling Interest - Nonredeemable | .000 | .000 | .000 | |||||||
| TOTAL SHAREHOLDERS EQUITY | 1,439.251 | 1,448.109 | 1,635.279 | 1,829.351 | 1,669.753 | 1,801.007 | 2,039.417 | 2,120.753 | ||
| TOTAL LIABILITIES AND EQUITY | 1,689.749 | 1,675.208 | 1,899.536 | 2,109.078 | 1,872.529 | 2,051.492 | 2,319.482 | 2,468.012 | ||
| INCOME STATEMENT | ||||||||||
| Fiscal Year: | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |
| (FYR Ending): | (31MAR2005 ) | (31MAR2006 ) | (31MAR2007 ) | (31MAR2008 ) | (31MAR2009 ) | (31MAR2010 ) | (31MAR2011 ) | (31MAR2012 ) | ( N/A ) | |
| Sales (Net) | 1,283.202 | 1,333.208 | 1,498.495 | 1,619.275 | 1,389.613 | 1,304.966 | 1,653.176 | 1,545.254 | ||
| Cost of Goods Sold | 1,024.430 | 1,060.951 | 1,146.441 | 1,272.945 | 1,091.998 | 969.195 | 1,148.171 | 1,106.405 | ||
| Gross Profit | 258.772 | 272.257 | 352.054 | 346.330 | 297.615 | 335.771 | 505.005 | 438.849 | ||
| Selling, General, & Admin Expenses | 107.429 | 111.110 | 115.982 | 126.848 | 121.897 | 108.527 | 123.887 | 116.408 | ||
| Operating Income Before Depreciation | 151.343 | 161.147 | 236.072 | 219.482 | 175.718 | 227.244 | 381.118 | 322.441 | ||
| Depreciation, Depletion, & Amortiz | 80.734 | 64.966 | 53.859 | 55.546 | 66.198 | 58.173 | 47.619 | 46.890 | ||
| Operating Income After Depreciation | 70.609 | 96.181 | 182.213 | 163.936 | 109.520 | 169.071 | 333.499 | 275.551 | ||
| Interest Expense | .376 | 1.454 | .000 | .456 | .139 | .111 | .000 | .707 | ||
| Non-Operating Income/Expense | 15.011 | 24.893 | 36.890 | 42.696 | 20.534 | 5.784 | 9.335 | 5.061 | ||
| Special Items | 2.800 | .000 | -1.537 | -2.811 | -32.776 | 1.613 | -8.575 | -100.000 | ||
| Pretax Income | 88.044 | 119.620 | 217.566 | 203.365 | 97.139 | 176.357 | 334.259 | 179.905 | ||
| Income Taxes - Total | 32.312 | 37.868 | 63.701 | 53.892 | 16.293 | 33.499 | 90.256 | 27.100 | ||
| Minority Interest | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Income Before EI&DO | 55.732 | 81.752 | 153.865 | 149.473 | 80.846 | 142.858 | 244.003 | 152.805 | ||
| Extraordinary Items | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Discontinued Operations | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Net Income (Loss) | 55.732 | 81.752 | 153.865 | 149.473 | 80.846 | 142.858 | 244.003 | 152.805 | ||
| Income Before EI&DO | 55.732 | 81.752 | 153.865 | 149.473 | 80.846 | 142.858 | 244.003 | 152.805 | ||
| Preferred Dividends | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Available for Common Before EI&DO | 55.732 | 81.752 | 153.865 | 149.473 | 80.846 | 142.858 | 244.003 | 152.805 | ||
| Common Stock Equivalents - Savings | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Adjusted Available for Common | 55.732 | 81.752 | 153.865 | 149.473 | 80.846 | 142.858 | 244.003 | 152.805 | ||
| EARNINGS PER SHARE | ||||||||||
| EPS - Primary, Excluding EI&DO | .320 | .470 | .890 | .870 | .470 | .840 | 1.440 | .900 | ||
| EPS - Primary, Including EI&DO | .320 | .470 | .890 | .870 | .470 | .840 | 1.440 | .900 | ||
| EPS - Fully Diluted, Excluding EI&DO | .320 | .470 | .890 | .870 | .470 | .840 | 1.430 | .900 | ||
| EPS - Fully Diluted, Including EI&DO | .320 | .470 | .890 | .870 | .470 | .840 | 1.430 | .900 | ||
| COMMON SHARES | ||||||||||
| Common Shares for Primary EPS Calculation | 173.450 | 172.532 | 172.047 | 171.487 | 170.616 | 170.247 | 170.025 | 169.886 | ||
| Common Shares for Fully Diluted EPS Calc. | 173.906 | 173.053 | 172.751 | 172.065 | 170.689 | 170.274 | 170.390 | 170.134 | ||
| Common Shares Outstanding at Fiscal Yr End | 172.955 | 172.216 | 171.674 | 171.066 | 170.384 | 170.074 | 170.142 | 169.601 | ||
| STATEMENT OF RETAINED EARNINGS | ||||||||||
| Fiscal Year: | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |
| (FYR Ending): | (31MAR2005 ) | (31MAR2006 ) | (31MAR2007 ) | (31MAR2008 ) | (31MAR2009 ) | (31MAR2010 ) | (31MAR2011 ) | (31MAR2012 ) | ( N/A ) | |
| Retained Rearnings - Beginning Balance | 1,077.254 | 1,141.931 | 1,160.826 | 1,355.095 | 1,556.699 | 1,402.266 | 1,535.075 | 1,770.681 | ||
| Net Income | 55.732 | 81.752 | 153.865 | 149.473 | 80.846 | 142.858 | 244.003 | 152.805 | ||
| Cash Dividends | 26.022 | 25.862 | 25.819 | 27.466 | 27.316 | 27.242 | 32.314 | 44.172 | ||
| Retained Earnings After Dividends | 1,106.964 | 1,197.821 | 1,288.872 | 1,477.102 | 1,610.229 | 1,517.882 | 1,746.764 | 1,879.314 | ||
| Change - Foreign Currency Translation | 1.700 | 1.700 | ||||||||
| Adj. to Long-Term Marketable Securities | .000 | .000 | .000 | -1.089 | -2.853 | -.323 | .086 | .000 | ||
| Other CMP Adj,(Stock Splits/Retirement) | -22.253 | -24.742 | -28.117 | -19.399 | -28.235 | -30.136 | -28.621 | -36.964 | ||
| Non-Compustat Adjustments (Plug Calculation) | 57.220 | -12.253 | 94.340 | 98.996 | -179.728 | 47.329 | 50.838 | 13.453 | ||
| Retained Earnings - Ending Balance | 1,141.931 | 1,160.826 | 1,355.095 | 1,556.699 | 1,402.266 | 1,535.075 | 1,770.681 | 1,857.503 | ||
| Retroactive Adjustments (Acct'g Chgs) | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Retained Earnings - After Adjustments | 1,141.931 | 1,160.826 | 1,355.095 | 1,556.699 | 1,402.266 | 1,535.075 | 1,770.681 | 1,857.503 | ||
| STATEMENT OF CASH FLOWS | ||||||||||
| Fiscal Year: | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |
| (FYR Ending): | (31MAR2005 ) | (31MAR2006 ) | (31MAR2007 ) | (31MAR2008 ) | (31MAR2009 ) | (31MAR2010 ) | (31MAR2011 ) | (31MAR2012 ) | ( N/A ) | |
| INDIRECT OPERATING ACTIVITIES | ||||||||||
| Income Before Extraordinary Items | 55.732 | 81.752 | 153.865 | 149.473 | 80.846 | 142.858 | 244.003 | 152.805 | ||
| Depreciation and Amortizations | 80.734 | 64.966 | 53.859 | 55.546 | 66.198 | 58.173 | 47.619 | 46.890 | ||
| Extraordinary Items and Disc. Operations | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Deferred Taxes | 12.933 | 6.572 | 11.245 | 5.894 | -9.483 | -8.419 | 8.492 | -56.456 | ||
| Equity in Net Loss (Earnings) | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Sale of PPEq and Investments - Loss (Gain) | -3.566 | -.910 | -.088 | -.957 | -2.847 | |||||
| Funds from Operations - Other | .000 | .000 | 2.629 | 3.139 | 6.704 | -.144 | 3.124 | 3.036 | ||
| Receivables - Decrease (Increase) | 20.203 | -25.855 | -12.402 | 6.320 | 44.648 | -47.462 | -37.792 | 25.730 | ||
| Inventory - Decrease (Increase) | -72.044 | 61.948 | -6.721 | -23.363 | 7.668 | 14.788 | -135.223 | -74.007 | ||
| Accounts/P and Accrued Liabs - Inc(Dec) | -43.006 | -30.263 | 42.998 | 5.968 | -125.109 | 25.868 | 41.640 | 55.232 | ||
| Income Taxes - Accrued - Increase(Decrease) | -5.988 | -.740 | 6.139 | -9.614 | -20.124 | |||||
| Other Assets and Liabilities - Net Change | 12.102 | 2.885 | -6.495 | -10.543 | 16.490 | 14.792 | -19.768 | -4.808 | ||
| Operating Actiities - Net Cash Flow | 57.100 | 160.355 | 245.029 | 181.863 | 64.991 | 200.454 | 152.095 | 148.422 | ||
| INVESTING ACTIVITIES | ||||||||||
| Investments - Increase | 106.000 | 100.000 | 228.000 | 273.705 | 309.193 | 943.231 | 923.482 | 1,162.317 | ||
| Sale of Investments | 79.989 | 36.000 | 238.181 | 310.461 | 311.447 | 688.529 | 793.711 | 1,131.302 | ||
| Short term Investments - Change | ||||||||||
| Capital Expenditures | 48.324 | 41.328 | 51.881 | 70.886 | 44.205 | 28.888 | 27.470 | 49.201 | ||
| Sale of Property Plant and Equipment | 5.790 | .437 | .088 | 2.261 | 6.106 | 6.050 | .007 | .000 | ||
| Acquisitions | -3.247 | .000 | .000 | 226.107 | 6.677 | .063 | .000 | .000 | ||
| Investing Activities - Other | -.061 | .528 | .000 | .000 | .202 | -.870 | -.120 | -.127 | ||
| Investing Activites - Net Cash Flow | -65.359 | -104.363 | -41.612 | -257.976 | -42.320 | -278.473 | -157.354 | -80.343 | ||
| FINANCING ACTIVITIES | ||||||||||
| Sale of Common and Preferred Stock | .291 | 5.715 | 4.412 | 5.866 | 3.529 | .133 | 6.006 | .997 | ||
| Purchase of Common and Preferred Stock | 8.926 | 15.788 | 14.807 | 17.141 | 11.422 | 3.736 | 6.193 | 8.394 | ||
| Cash Dividends | 26.022 | 25.862 | 25.819 | 27.466 | 27.316 | 27.242 | 32.314 | 44.172 | ||
| Long Term Debt - Issuance | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Long Term Debt - Reduction | .000 | .000 | .000 | 5.367 | .000 | .000 | .000 | .000 | ||
| Current Debt - Changes | -.026 | .000 | .000 | .000 | .000 | .000 | .000 | |||
| Financing Activities - Other | .000 | .000 | .000 | .000 | .000 | 1.732 | .000 | .000 | ||
| Financing Activities - Net Cash Flow | -34.683 | -35.935 | -35.547 | -43.114 | -34.969 | -29.105 | -31.985 | -51.474 | ||
| Exchange Rate Effect | 3.682 | -5.201 | 11.186 | 3.709 | -33.857 | .389 | .620 | -.671 | ||
| Cash and Cash Equivalents - Change | -39.260 | 14.856 | 179.056 | -115.518 | -46.155 | -106.735 | -36.624 | 15.934 | ||
| OTHER INFORMATION | ||||||||||
| Interest Paid - Net< | .037 | |||||||||
| Income Taxes Paid | 25.755 | 31.774 | 47.346 | 58.167 | 51.169 | 31.181 | 81.505 | 91.709 | ||
| ADDITIONAL SCHEDULES | ||||||||||
| Fiscal Year: | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |
| (FYR Ending): | (31MAR2005 ) | (31MAR2006 ) | (31MAR2007 ) | (31MAR2008 ) | (31MAR2009 ) | (31MAR2010 ) | (31MAR2011 ) | (31MAR2012 ) | ( N/A ) | |
| Receivables - Trade | 152.011 | 174.530 | 191.106 | 198.641 | 141.525 | 187.958 | 227.642 | 206.170 | ||
| Income Tax Refund | .000 | .000 | .000 | .000 | .000 | .000 | .000 | 14.988 | ||
| Receivables - Other - Current | 4.054 | 2.918 | 5.059 | 5.121 | 2.190 | 8.025 | 6.141 | 1.883 | ||
| Receivables - Total (Net) | 156.065 | 177.448 | 196.165 | 203.762 | 143.715 | 195.983 | 233.783 | 223.041 | ||
| Inventories - Raw Materials | 147.387 | 128.635 | 131.728 | 190.035 | 179.817 | 179.185 | 283.092 | 345.278 | ||
| Inventories - Work In Process | 92.567 | 81.055 | 98.147 | 111.748 | 78.498 | 85.740 | 92.680 | 101.923 | ||
| Inventories - Finished Goods | 139.676 | 97.963 | 100.266 | 119.433 | 106.688 | 92.180 | 120.723 | 118.916 | ||
| Inventories - Other | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Inventories - Total | 379.630 | 307.653 | 330.141 | 421.216 | 365.003 | 357.105 | 496.495 | 566.117 | ||
| LESS: Debt (Long Term) Due In One Year | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt - Convertible Subordinated | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt - Senior Convertible | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt - Subordinated | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt - Notes | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt - Debentures | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt - Long Term - Other | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt - Capitalized Lease Obligations | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Long Term Debt Total | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Property, Plant and Equipment (Cost) | ||||||||||
| Beginning Balance | ||||||||||
| Capital Expenditures | 48.324 | 41.328 | 51.881 | 70.886 | 44.205 | 28.888 | 27.470 | 49.201 | ||
| Retirements | ||||||||||
| Other Changes | ||||||||||
| Ending Balance | 1,505.383 | 1,468.386 | 1,593.282 | 1,707.265 | 1,467.522 | 1,449.672 | 1,462.702 | 1,449.981 | ||
| Accumulated Depreciation on PPE | ||||||||||
| Beginning Balance | ||||||||||
| Depreciation Expense | ||||||||||
| Depletion Expense | ||||||||||
| Retirements | ||||||||||
| Other Changes | ||||||||||
| Ending Balance | 1,239.491 | 1,235.436 | 1,349.409 | 1,390.693 | 1,204.135 | 1,202.643 | 1,227.043 | 1,213.493 | ||
| Deferred Taxes - Federal | ||||||||||
| Deferred Taxes - Foreign | 1.548 | 7.651 | 8.636 | 9.226 | -2.646 | 12.792 | 8.540 | 2.556 | ||
| Deferred Taxes - State | ||||||||||
| Income Taxes - Federal | ||||||||||
| Income Taxes - Foreign | 7.982 | 6.337 | 20.936 | 20.678 | 7.522 | 11.271 | 40.819 | 43.471 | ||
| Income Taxes - State | ||||||||||
| Income Taxes - Other | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Income Taxes - Total | 32.312 | 37.868 | 63.701 | 53.892 | 16.293 | 33.499 | 90.256 | 27.100 | ||
| Common Shares Reserved For Conversion | ||||||||||
| Convertible Debt | ||||||||||
| Preferred Stock | ||||||||||
| Stock Options | ||||||||||
| Warrants and Other | ||||||||||
| Total | ||||||||||
| ADDITIONAL DATA | ||||||||||
| Fiscal Year: | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |
| (FYR Ending): | (31MAR2005 ) | (31MAR2006 ) | (31MAR2007 ) | (31MAR2008 ) | (31MAR2009 ) | (31MAR2010 ) | (31MAR2011 ) | (31MAR2012 ) | ( N/A ) | |
| Acquisitions - Income Contribution | .000 | .000 | .000 | .000 | .000 | |||||
| Acquisitions - Sales Contribution | .000 | .000 | .000 | .000 | .000 | |||||
| Adjustmnet Factor-Cum, Ex-Date | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | ||
| Advertising Expense | ||||||||||
| Average Short Term Borrowing Rate | .000 | .000 | ||||||||
| Average Short term Borrowing | .000 | .000 | ||||||||
| Common Shareholders (# of) | .520 | .522 | .465 | .431 | .423 | .258 | .382 | .376 | ||
| Common Shares Traded (Calendar Yr) | 76,392,000.000 | 74,501,700.000 | 121,595,700.000 | 102,139,182.000 | 90,997,725.000 | 67,702,550.000 | 81,904,368.000 | 62,079,987.000 | ||
| Compensating Balance | ||||||||||
| Convertible Debt and Preferred Stock | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt (Long Term) Maturing Due in 2 Years | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt (Long Term) Maturing Due in 3 Years | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt (Long Term) Maturing Due in 4 Years Years | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt (Long Term) Maturing Due in 5 Years | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt - Long-Term Debt - Tied to Prime | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt - Martgages and Other Securities | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Debt - Unamortized Debt Discount and Other | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Dividends (Cash)per Share Ex-Date | .150 | .150 | .150 | .160 | .160 | .160 | .190 | .260 | ||
| Dividends (Cash) - Common | 26.022 | 25.862 | 25.819 | 27.466 | 27.316 | 27.242 | 32.314 | 44.172 | ||
| Dividends (Cash) - Preferred | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Employees (# of) | 12.000 | 12.100 | 13.000 | 14.000 | 9.900 | 10.600 | 11.200 | 10.800 | ||
| Equity in Earnings - Unconsolidated Subs | 1,689.749 | 1,675.208 | 1,899.536 | 2,109.078 | 1,872.529 | 2,051.492 | 2,319.482 | 2,468.012 | ||
| Foreign Currency Translation Adj - Bal. Sheet | 121.837 | 87.331 | 156.929 | 227.838 | 31.152 | 47.716 | 69.709 | 56.327 | ||
| Foreign Currency Translation Adj - Inc. Stmnt. | 1.700 | |||||||||
| Interest Capitalized (in fiscal yr) | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Interest Capitalized - Net Income Effect | ||||||||||
| Interest Expense on Long Term Debt | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Investment Tax Credit | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Labor Related Expenses | ||||||||||
| LIFO Reserve | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Order Backlog | 155.000 | 194.000 | 238.000 | 252.000 | 159.000 | 292.000 | 350.000 | 292.000 | ||
| Preferred Stock - Dividends In Arrears | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Preferred Stock - Liquidation Value | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Preferred Stock - Redemption Value | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Present Value - Noncapitalized Leases | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Price - Calendar Year Close | 12.600 | 14.480 | 14.790 | 13.420 | 7.940 | 12.670 | 15.430 | 12.760 | ||
| Price - Calendar Year High | 19.120 | 14.800 | 19.900 | 18.400 | 14.000 | 12.950 | 15.830 | 16.600 | ||
| Price - Calendar Year Low | 11.110 | 10.550 | 13.090 | 13.000 | 7.100 | 7.320 | 11.660 | 10.900 | ||
| Price - Fiscal Year Close | 12.250 | 17.700 | 15.200 | 12.810 | 9.080 | 14.200 | 14.910 | 13.260 | ||
| Receivables - Estimated Doubtful | 3.426 | 1.772 | 1.705 | 1.303 | .947 | .563 | .686 | .720 | ||
| Rental Commitments - Minimum Year+1 | 6.560 | 6.526 | 6.617 | 6.382 | 6.092 | 6.555 | 5.674 | 6.041 | ||
| Rental Commitments - Minimum Year+2 | 3.595 | 4.775 | 4.815 | 4.556 | 5.200 | 4.744 | 4.385 | 5.005 | ||
| Rental Commitments - Minimum Year+3 | 2.900 | 3.990 | 3.273 | 2.276 | 4.405 | 3.236 | 3.149 | 4.231 | ||
| Rental Commitments - Minimum Year+4 | 1.599 | 3.112 | 3.252 | 1.230 | 3.438 | 2.763 | 2.772 | 3.979 | ||
| Rental Commitments - Minimum Year+5 | 1.534 | 1.913 | 1.323 | 1.029 | 1.051 | .811 | 1.352 | 3.990 | ||
| Rental Expense | 8.740 | 8.379 | 8.739 | 9.055 | 9.341 | 7.412 | 6.922 | 7.663 | ||
| Rental Income | ||||||||||
| Research and Development Expense | 11.049 | 10.892 | 11.285 | 12.840 | 11.703 | 6.831 | 7.392 | 7.716 | ||
| Tax Loss Carry Forward | 321.279 | 327.241 | 333.341 | 320.261 | 309.883 | 249.629 | 246.497 | 224.403 | ||
| Treasury Stock ($) - Common | 43.802 | 53.265 | 62.491 | 71.955 | 77.552 | 81.137 | 80.692 | 87.988 | ||
| Treasury Stock ($) - Preferred | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Treasury Stock - # Shares | 3.413 | 4.152 | 4.694 | 5.303 | 5.984 | 6.294 | 6.226 | 6.767 | ||
| INPUTS INTO FINANCIAL STATEMENTS AND MARKET RELATIONS | ||||||||||
| Fiscal Year: | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |
| (FYR Ending): | (31MAR2005 ) | (31MAR2006 ) | (31MAR2007 ) | (31MAR2008 ) | (31MAR2009 ) | (31MAR2010 ) | (31MAR2011 ) | (31MAR2012 ) | ( N/A ) | |
| Cash & Equivalents | 526.470 | 664.321 | 829.382 | 663.654 | 546.723 | 688.450 | 781.011 | 813.417 | ||
| Receivables - Total (Net) | 156.065 | 177.448 | 196.165 | 203.762 | 143.715 | 195.983 | 233.783 | 223.041 | ||
| Inventories - Total | 379.630 | 307.653 | 330.141 | 421.216 | 365.003 | 357.105 | 496.495 | 566.117 | ||
| Prepaid Expenses | ||||||||||
| Current Assets - Other | 55.971 | 54.350 | 65.707 | 88.573 | 77.063 | 74.820 | 90.826 | 124.570 | ||
| Current Assets - Total | 1,118.136 | 1,203.772 | 1,421.395 | 1,377.205 | 1,132.504 | 1,316.358 | 1,602.115 | 1,727.145 | ||
| Plant, Property & Equip (Gross) | 1,505.383 | 1,468.386 | 1,593.282 | 1,707.265 | 1,467.522 | 1,449.672 | 1,462.702 | 1,449.981 | ||
| Accumulated Depreciation | 1,239.491 | 1,235.436 | 1,349.409 | 1,390.693 | 1,204.135 | 1,202.643 | 1,227.043 | 1,213.493 | ||
| Plant, Property & Equip (Net) | 265.892 | 232.950 | 243.873 | 316.572 | 263.387 | 247.029 | 235.659 | 236.488 | ||
| Investments at Equity | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Investments and Advances - Other | 193.997 | 135.004 | 139.000 | 151.665 | 215.757 | 225.332 | 225.325 | 238.112 | ||
| Intangibles | 70.186 | 69.483 | 71.166 | 254.059 | 252.849 | 249.412 | 245.144 | 240.928 | ||
| Deferred Charges | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Assets - Other | 41.538 | 33.999 | 24.102 | 9.577 | 8.032 | 13.361 | 11.239 | 25.339 | ||
| TOTAL ASSETS | 1,689.749 | 1,675.208 | 1,899.536 | 2,109.078 | 1,872.529 | 2,051.492 | 2,319.482 | 2,468.012 | ||
| Accounts Payable | 116.452 | 105.011 | 126.689 | 137.152 | 63.975 | 104.421 | 132.633 | 103.797 | ||
| Notes Payable | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Accrued Expenses | 71.688 | 56.840 | 66.003 | 72.748 | 82.499 | 85.320 | 92.580 | 178.914 | ||
| Taxes Payable | 8.432 | 9.179 | 14.668 | 10.616 | 2.928 | 3.532 | 10.452 | 13.815 | ||
| Debt (Long-Term) Due In One Year | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Other Current Liabilities | 71.688 | 56.840 | 66.003 | 72.748 | 82.499 | 85.320 | 92.580 | 179.461 | ||
| Total Current Liabilities | 196.572 | 171.030 | 207.360 | 220.516 | 149.402 | 193.273 | 235.665 | 297.073 | ||
| Long Term Debt | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Deferred Taxes (Balance Sheet) | .000 | .000 | 2.270 | |||||||
| Investment Tax Credit | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Liabilities - Other | 53.926 | 56.069 | 56.897 | 59.211 | 53.374 | 57.212 | 44.400 | 47.916 | ||
| TOTAL LIABILITIES | 250.498 | 227.099 | 264.257 | 279.727 | 202.776 | 250.485 | 280.065 | 347.259 | ||
| Noncontrolling Interest - Redeemable | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Preferred Stock | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Common Stock | 1.764 | 1.764 | 1.764 | 1.764 | 1.764 | 1.764 | 1.764 | 1.764 | ||
| Capital Surplus | 339.358 | 338.784 | 340.911 | 342.843 | 343.275 | 345.305 | 347.664 | 349.474 | ||
| Retained Earnings (Net Other) | 1,141.931 | 1,160.826 | 1,355.095 | 1,556.699 | 1,402.266 | 1,535.075 | 1,770.681 | 1,857.503 | ||
| Less: Treasury Stock | 43.802 | 53.265 | 62.491 | 71.955 | 77.552 | 81.137 | 80.692 | 87.988 | ||
| Shareholders Equity - Parent | 1,439.251 | 1,448.109 | 1,635.279 | 1,829.351 | 1,669.753 | 1,801.007 | 2,039.417 | 2,120.753 | ||
| Noncontrolling Interest - Nonredeemable | .000 | .000 | .000 | |||||||
| TOTAL SHAREHOLDERS EQUITY | 1,439.251 | 1,448.109 | 1,635.279 | 1,829.351 | 1,669.753 | 1,801.007 | 2,039.417 | 2,120.753 | ||
| Sales (Net) | 1,283.202 | 1,333.208 | 1,498.495 | 1,619.275 | 1,389.613 | 1,304.966 | 1,653.176 | 1,545.254 | ||
| Cost of Goods Sold | 1,024.430 | 1,060.951 | 1,146.441 | 1,272.945 | 1,091.998 | 969.195 | 1,148.171 | 1,106.405 | ||
| Gross Profit | 258.772 | 272.257 | 352.054 | 346.330 | 297.615 | 335.771 | 505.005 | 438.849 | ||
| Selling, General, & Admin Expenses | 107.429 | 111.110 | 115.982 | 126.848 | 121.897 | 108.527 | 123.887 | 116.408 | ||
| Operating Income Before Depreciation | 151.343 | 161.147 | 236.072 | 219.482 | 175.718 | 227.244 | 381.118 | 322.441 | ||
| Depreciation, Depletion, & Amortization | 80.734 | 64.966 | 53.859 | 55.546 | 66.198 | 58.173 | 47.619 | 46.890 | ||
| Operating Income After Depreciation | 70.609 | 96.181 | 182.213 | 163.936 | 109.520 | 169.071 | 333.499 | 275.551 | ||
| Interest Expense | .376 | 1.454 | .000 | .456 | .139 | .111 | .000 | .707 | ||
| Non-Operating Income/Expense | 15.011 | 24.893 | 36.890 | 42.696 | 20.534 | 5.784 | 9.335 | 5.061 | ||
| Special Items | 2.800 | .000 | -1.537 | -2.811 | -32.776 | 1.613 | -8.575 | -100.000 | ||
| Pretax Income | 88.044 | 119.620 | 217.566 | 203.365 | 97.139 | 176.357 | 334.259 | 179.905 | ||
| Income Taxes - Total | 32.312 | 37.868 | 63.701 | 53.892 | 16.293 | 33.499 | 90.256 | 27.100 | ||
| Minority Interest | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| INCOME BEFORE EI&DO | 55.732 | 81.752 | 153.865 | 149.473 | 80.846 | 142.858 | 244.003 | 152.805 | ||
| Extraordinary Items | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Discontinued Operations | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Net Income (Loss) | 55.732 | 81.752 | 153.865 | 149.473 | 80.846 | 142.858 | 244.003 | 152.805 | ||
| Preferred Dividends | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| EPS - Primary - Excluding EI&DO | .320 | .470 | .890 | .870 | .470 | .840 | 1.440 | .900 | ||
| EPS - Primary - Including EI&DO | .320 | .470 | .890 | .870 | .470 | .840 | 1.440 | .900 | ||
| EPS - Fully Diluted - Excluding EI&DO | .320 | .470 | .890 | .870 | .470 | .840 | 1.430 | .900 | ||
| EPS - Fully Diluted - Including EI&DO | .320 | .470 | .890 | .870 | .470 | .840 | 1.430 | .900 | ||
| SHARES - for Primary EPS Calculation | 173.450 | 172.532 | 172.047 | 171.487 | 170.616 | 170.247 | 170.025 | 169.886 | ||
| STATEMENT OF CASH FLOWS | ||||||||||
| SHARES - for Fully Diluted EPS Calculation | 173.906 | 173.053 | 172.751 | 172.065 | 170.689 | 170.274 | 170.390 | 170.134 | ||
| SHARES - Outstanding at Fiscal Year End | 172.955 | 172.216 | 171.674 | 171.066 | 170.384 | 170.074 | 170.142 | 169.601 | ||
| Operating Activities - Net Cash Flow | 57.100 | 160.355 | 245.029 | 181.863 | 64.991 | 200.454 | 152.095 | 148.422 | ||
| Capital Expenditures | 48.324 | 41.328 | 51.881 | 70.886 | 44.205 | 28.888 | 27.470 | 49.201 | ||
| Sale of Property Plant and Equipment | 5.790 | .437 | .088 | 2.261 | 6.106 | 6.050 | .007 | .000 | ||
| Acquisitions | -3.247 | .000 | .000 | 226.107 | 6.677 | .063 | .000 | .000 | ||
| Investing Activites - Net Cash Flow | -65.359 | -104.363 | -41.612 | -257.976 | -42.320 | -278.473 | -157.354 | -80.343 | ||
| Cash Dividends | 26.022 | 25.862 | 25.819 | 27.466 | 27.316 | 27.242 | 32.314 | 44.172 | ||
| CASH STATEMENT - SOURCE & USE | ||||||||||
| Interest Paid - Net | .037 | |||||||||
| Income Taxes Paid | 25.755 | 31.774 | 47.346 | 58.167 | 51.169 | 31.181 | 81.505 | 91.709 | ||
| Funds From Operations - Total | ||||||||||
| Current Debt - Changes | -.026 | .000 | .000 | .000 | .000 | .000 | .000 | |||
| Working Capital Changes - Other - Inc(Dec) | ||||||||||
| Adjustmnet Factor-Cum, Ex-Date | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | ||
| Advertising Expense | ||||||||||
| Dividends (Cash)per Share Ex-Date | .150 | .150 | .150 | .160 | .160 | .160 | .190 | .260 | ||
| Dividends (Cash) - Common | 26.022 | 25.862 | 25.819 | 27.466 | 27.316 | 27.242 | 32.314 | 44.172 | ||
| Dividends (Cash) - Preferred | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Preferred Stock - Liquidation Value | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Preferred Stock - Redemption Value | .000 | .000 | .000 | .000 | .000 | .000 | .000 | .000 | ||
| Price - Calendar Year Close | 12.600 | 14.480 | 14.790 | 13.420 | 7.940 | 12.670 | 15.430 | 12.760 | ||
| Price - Fiscal Year Close | 12.250 | 17.700 | 15.200 | 12.810 | 9.080 | 14.200 | 14.910 | 13.260 | ||
| Receivables - Estimated Doubtful | 3.426 | 1.772 | 1.705 | 1.303 | .947 | .563 | .686 | .720 | ||
| Rental Expense | 8.740 | 8.379 | 8.739 | 9.055 | 9.341 | 7.412 | 6.922 | 7.663 | ||
| Research and Development Expense | 11.049 | 10.892 | 11.285 | 12.840 | 11.703 | 6.831 | 7.392 | 7.716 | ||