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"As discussed above, the carrying amounts of certain of the Company’s financial instruments approximate their fair value. The carrying",
"amounts and fair values of the Company’s remaining financial instruments are set forth in the following table: ",
"At December 31,",
"(In thousands)",
"2001",
"2002",
"Carrying",
"Estimated",
"Carrying",
"Estimated",
"Amount",
"Fair Value",
"Amount",
"Fair Value",
"Financial instrument assets:",
"Loans held for sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"$",
"451,609",
"$",
"454,536",
"$",
"476,475",
"$",
"480,409",
"Forward mortgage loan sales commitments",
" . . . . . . . . . . . . . . . . .",
"(1)",
"7,352",
"7,352",
"(7,454)",
"(7,454)",
"Loans:",
"Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"2,509,333",
"2,548,617",
"3,005,882",
"3,068,900",
"Commercial real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"1,622,461",
"1,644,263",
"1,835,788",
"1,883,183",
"Commercial business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"422,381",
"417,896",
"440,074",
"438,106",
"Equipment finance loans",
" . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"271,398",
"275,148",
"289,558",
"299,035",
"Residential real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"2,733,290",
"2,795,894",
"1,800,344",
"1,868,132",
"Allowance for loan losses",
" . . . . . . . . . . . . . . . . . . . . . . . . . .",
"(2)",
"(66,876)",
"– ",
"(68,143)",
"–",
"$7",
",950,948",
"$ 8,143,706",
"$ 7,772,524",
"$ 8,030,311",
"Financial instrument liabilities:",
"Checking, savings and money market deposits . . . . . . . . . . . . . . .",
"$4",
",778,714",
"$ 4,778,714",
"$ 5,791,233",
"$ 5,791,233",
"Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"2,320,244",
"2,357,872",
"1,918,755",
"1,948,947",
"Short-term borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"719,859",
"719,859",
"842,051",
"842,051",
"Long-term borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"2,303,166",
"2,410,329",
"2,268,244",
"2,443,653",
"$10,121,983",
"$10,266,774",
"$10,820,283",
"$11,025,884",
"Financial instruments with off-balance-sheet risk:",
"(3)",
"Commitments to extend credit",
" . . . . . . . . . . . . . . . . . . . . . . . . .",
"(4)",
"$",
"13,767",
"$",
"13,767",
"$",
"24,569",
"$",
"24,569",
"Standby letters of credit",
" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"(",
"(1)",
"2,409)",
"(2,409)",
"(5,382)",
"(5,382)",
"Loans serviced with recourse",
" . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"(1)",
"(100)",
"(100)",
"(100)",
"(100)",
"$",
"11,258",
"$",
"11,258",
"$",
"19,087",
"$",
"19,087",
"(1)",
"Carrying amounts are included in accrued expenses and other liabilities.",
"(2)",
"Excludes the allowance for lease losses.",
"(3)",
"Positive amounts represent assets, negative amounts represent liabilities.",
"(4)",
"Carrying amounts are included in other assets.",
"page",
"70"
] | train |
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108,
776,
492,
787
],
[
549,
784,
921,
795
],
[
108,
793,
339,
804
],
[
339,
793,
349,
804
],
[
350,
793,
492,
804
],
[
525,
801,
921,
812
],
[
108,
810,
492,
821
],
[
525,
818,
921,
829
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[
108,
827,
191,
838
],
[
191,
827,
201,
838
],
[
201,
827,
358,
838
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[
525,
835,
921,
846
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[
96,
850,
108,
862
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[
108,
852,
308,
863
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[
308,
852,
318,
863
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[
319,
852,
440,
863
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[
525,
852,
921,
863
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[
525,
869,
921,
880
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[
525,
886,
758,
897
],
[
96,
928,
100,
932
],
[
103,
928,
422,
936
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[
422,
928,
430,
936
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[
430,
928,
887,
936
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[
103,
940,
498,
947
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[
96,
951,
100,
955
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[
103,
951,
259,
959
],
[
96,
963,
100,
967
],
[
103,
963,
142,
971
],
[
142,
963,
149,
971
],
[
149,
963,
307,
971
]
] | [
6,
6,
8,
10,
10,
9,
9,
9,
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9,
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9,
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9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
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9,
9,
9,
9,
9,
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9,
9,
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9,
9,
9,
9,
9,
9,
9,
9,
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9,
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9,
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9,
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9,
9,
9,
9,
10,
9,
9,
9,
10,
9,
9,
9,
10,
9,
9,
9,
10,
10,
8,
10,
10,
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4,
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4,
4,
10,
4,
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2,
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2,
2,
2,
2,
2,
2,
2,
2
] | [
"159",
"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS",
"Structure of residual terms for banking business",
"The following presents loans and advances and liabilities in the bank-",
"ing business according to their final maturity or call date.",
"12/31/2003",
"Total",
"Up to 3 months",
"> 3 months",
"> 1 year",
"More than",
"to 1 year",
"to 5 years",
"5",
"years",
"¤ ",
"mn",
"¤ ",
"mn",
"¤ ",
"mn",
"¤ ",
"mn",
"¤ ",
"mn",
"ASSETS",
"Term loans and advances to banks",
"107,094",
"68,919",
"35,899",
"1,765",
"511",
"1)",
"Loans and advances to customers",
"187 ,315",
"99,519",
"19,410",
"27,501",
"40,885",
"Term loans and advances",
"294,409",
"168,438",
"55,309",
"29,266",
"41,396",
"LIABILITIES",
"Participation certificates and subordinated liabilities",
"8,255",
"97",
"139",
"3,975",
"4,044",
"2)",
"Term liabilities to banks",
"154,793",
"125,042",
"17,434",
"6,736",
"5,581",
"2)",
"Liabilities to customers",
"Savings deposits and home-loan savings deposits",
"5,474",
"1,421",
"184",
"2,567",
"1,302",
"Other term liabilities to customers",
"91,762",
"73,921",
"6,762",
"3,740",
"7,339",
"Certificated liabilities",
"51,299",
"17,858",
"10,024",
"19,421",
"3,996",
"Term liabilities",
"311,583",
"218,339",
"34,543",
"36,439",
"22,262",
"Trustee business in banking business",
"_ ",
"At the balance-sheet date there were commitments to repurchase",
"The table below presents a breakdown of trustee business in bank-",
"assets sold under repurchase agreements with a net book value of",
"ing business not reported in the balance sheet:",
"¤",
"103,860 (2002: 61,068) mn.",
"_ ",
"12/31/2003",
"12/31/2002",
"An amount of ",
"¤",
"134 (2002: 287) mn eligible for refinancing with the",
"¤",
"mn",
"¤",
"mn",
"central bank is held in cash funds.",
"Loans and advances to banks",
"3,426",
"5,217",
"Loans and advances to customers",
"2,319",
"4,247",
"40",
"Use, treatment and reporting of derivative",
"Investments",
"828",
"7",
"financial instruments",
"Other",
"–",
"–",
"3)",
"Assets held in trust",
"6,573",
"9,471",
"Derivatives derive their market values from one or more underlying",
"Liabilities to banks",
"997",
"955",
"assets or specified reference values.",
"Liabilities to customers",
"5,576",
"8,516",
"Examples of derivatives include contracts for future delivery in",
"Liabilities incurred as a trustee",
"6,573",
"9,471",
"the form of futures or forwards, options on shares or indices, inter-",
"est rate options such as caps and floors, and swaps relating to both",
"Other banking information",
"interest rates and non-interest rate markets. The latter include agree-",
"ments to exchange previously defined assets or payment series.",
"_ ",
"Loans and advances (after loan loss allowance) to banks and cus-",
"The use of derivatives by individual enterprises in the Allianz",
"tomers include reverse repos totaling ",
"¤",
"154,441 (2002: 98,063)",
"Group is in compliance with the relevant supervisory regulations and",
"mn. Liabilities to banks and customers include repo transactions",
"the Group’s own internal guidelines. In addition to local management",
"amounting to ",
"¤",
"92,876 (2002: 63,573) mn.",
"supervision, comprehensive financial and risk management systems",
"_ ",
"Subordinated assets amounted to ",
"¤",
"282 (2002: 473) mn.",
"are in force across the Group. Further information on the risks hedged",
"and the Group’s risk management systems is included in the Manage-",
"ment Report under “Risk Management”.",
"1)",
"Loans and advances to customers with residual terms of up to 3 months include ",
"¤",
"7,706 (2002: 8,510) mn of undated claims. These claims include credit lines available until further notice, overdraft ",
"facilities, loans called or overdue, unauthorized overdrafts, call money and internal account balances",
"2)",
"Excluding balances payable on demand",
"3)",
"Including ",
"¤",
"5,101 (2002: 8,847) mn of trustee loans"
] | train |
|
[
[
118,
43,
301,
51
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[
55,
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95,
50
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[
55,
169,
191,
181
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[
347,
169,
625,
180
],
[
638,
169,
922,
180
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[
55,
185,
203,
197
],
[
347,
185,
624,
196
],
[
638,
185,
916,
196
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[
347,
201,
624,
212
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[
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[
55,
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[
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[
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[
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[
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233,
624,
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[
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[
55,
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333,
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[
347,
249,
625,
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[
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249,
916,
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[
55,
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333,
260
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[
638,
265,
917,
276
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[
55,
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[
347,
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624,
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[
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281,
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[
55,
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333,
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[
347,
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[
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296,
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[
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[
347,
296,
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[
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921,
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[
55,
312,
234,
323
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[
347,
312,
624,
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[
638,
328,
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[
69,
328,
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[
347,
328,
624,
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[
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344,
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355
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[
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[
347,
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451,
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[
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333,
371
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[
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[
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160,
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[
347,
376,
625,
387
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[
638,
392,
916,
403
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[
69,
392,
333,
403
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[
347,
392,
624,
403
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[
638,
408,
917,
418
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[
55,
408,
333,
418
],
[
347,
408,
624,
418
],
[
638,
423,
916,
434
],
[
55,
423,
333,
434
],
[
347,
423,
624,
434
],
[
638,
439,
916,
450
],
[
55,
439,
333,
450
],
[
347,
439,
630,
450
],
[
638,
455,
916,
466
],
[
55,
455,
333,
466
],
[
347,
455,
625,
466
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[
638,
471,
917,
482
],
[
55,
471,
333,
482
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[
347,
487,
554,
498
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[
638,
487,
843,
498
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[
55,
487,
333,
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[
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503,
271,
514
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503,
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[
69,
519,
333,
530
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[
347,
519,
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[
55,
535,
333,
545
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[
347,
535,
625,
545
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[
638,
547,
663,
554
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[
656,
547,
872,
554
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[
55,
550,
333,
561
],
[
347,
550,
625,
561
],
[
638,
558,
911,
566
],
[
55,
566,
333,
577
],
[
347,
566,
625,
577
],
[
638,
570,
784,
577
]
] | [
6,
6,
8,
10,
10,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
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10,
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10,
10,
10,
10,
2,
2,
10,
10,
2,
10,
10,
2
] | [
"Bombardier Inc. Annual Report 2003-04",
"page 54",
"Aircraft maintenance ",
"Aerospace Parts Logistics organization.",
"three-and-a-half-year collective agreement ",
"and spare parts services",
"Expected benefits include increased customer",
"with the International Association of Machinists",
"satisfaction due to a shorter response time and",
"and Aerospace Workers in Wichita, Kansas,",
"Bombardier Aerospace offers maintenance",
"increased operational efficiencies that will allow",
"and a three-year collective agreement with the",
"services to its business aircraft customers at its",
"for reduced spare parts inventory levels. Spare",
"Canadian Auto Workers in Toronto, Canada.",
"six centres located in Fort Lauderdale, Florida;",
"parts operations will move to a single SAP$^{**}$-",
"These unions cover 1,200 and 1,800 employees",
"Indianapolis, Indiana; Hartford, Connecticut;",
"respectively, and represent approximately",
"Wichita, Kansas; Tucson, Arizona; and Dallas,",
"based operating system and will establish new",
"20% of the employees covered by collective",
"Texas in the United States; as well as a service",
"distribution warehouses in Chicago, Illinois,",
"labour agreements. Since April 2003, Bombar-",
"centre located in Berlin, Germany, which is a",
"and Frankfurt, Germany. These centrally-located",
"dier Aerospace has been in negotiation with ",
"joint venture with Lufthansa. ",
"warehouses will be run by the world-renowned",
"its Belfast unions for an early labour contract",
"Bombardier Aerospace offers maintenance",
"logistics provider, Caterpillar Logistics Services.",
"renewal. In late January 2004, labour agree-",
"and modification services in Bridgeport, West",
"Other activities ",
"ments for the Amicus; the Amalgamated",
"Virginia in the United States to Bombardier CRJ",
"Transport and General Workers Union; the",
"Series operators.",
"Other activities carried out by Bombardier",
"General Machinists & Boilermakers; and the",
"Bombardier Aerospace is also associated",
"Aerospace include component manufacturing",
"Union of Construction, Allied Trades and",
"with 28 authorized service centres worldwide,",
"for third parties at facilities in Montréal, Canada",
"Technicians in Belfast, Northern Ireland, covering",
"with 26 centres for business aircraft and two",
"and in Belfast, Northern Ireland, where most of",
"4,835 employees, expired. Discussions with",
"for regional aircraft, which provide complete",
"the design, development and manufacture ",
"these unions are ongoing. No other collective",
"services to operators. Bombardier Aerospace",
"of major airframe structures is undertaken.",
"agreements are up for renewal before the",
"expects to open an additional maintenance",
"Labour relations and workforce",
"fourth quarter of fiscal year 2006.",
"centre for regional aircraft in Tucson, Arizona in",
"the first quarter of fiscal year 2005.",
"The total number of employees at the end of",
"On January 14, 2004, Bombardier Aerospace",
"fiscal year 2004 was approximately 26,300,",
"announced the consolidation and integration of",
"approximately 57% of whom are covered by",
"*T",
"rademark(s) of Bombardier Inc. or its subsidiaries.",
"its regional aircraft and business aircraft spare",
"collective labour agreements. In fiscal year",
"**Delta AirElite is a trademark of Delta Corporate Identity, Inc.",
"parts organizations into the new Bombardier",
"2004, Bombardier Aerospace negotiated a",
"** SAP is a trademark of SAP AG."
] | train |
|
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[
923,
37,
930,
45
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[
769,
38,
907,
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434
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840,
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850
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714,
840,
723,
850
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141,
852,
518,
861
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[
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871,
135,
880
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[
139,
871,
186,
880
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699,
871,
750,
880
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[
141,
883,
191,
892
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[
535,
883,
591,
892
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] | [
6,
6,
10,
10,
10,
4,
4,
10,
4,
10,
4,
4,
4,
4,
4,
4,
4,
10,
4,
4,
10,
4,
10,
4,
10,
4,
4,
4,
10,
4,
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"5",
"VORNADO REALTY TRUST",
"Vornado",
"has",
"multiple assets that have substantial value, but",
"Our FFO in 2003 from the Palisades apartment complex",
"■",
"are currently earning either no return or very low returns in",
"represented a 1.5% return on the $95 million of proceeds",
"relation to their value. Some examples of these are:",
"we will receive when the sale of this asset closes.",
"$25 million of Prime Group Inc. common stock for which",
"■",
"Cash balances, which at year-end were $320 million,",
"■",
"we record no income.",
"yielding 1%.",
"The totals are $690 million of capital that earned $9 million",
"Hotel Pennsylvania, which has been on a roller coaster,",
"■",
"in 2003. As we harvest these values and reinvest proceeds",
"earning EBITDA of $13 million in 1997 when we first",
"at normalized returns, our FFO will increase. Our FFO",
"acquired 40% of it, peaking at $27 million in 2000, and",
"would also increase if we refinance the $880 million por-",
"dropping to $4.6 million last year.",
"Mike and I believe ",
"(6)",
"tion of our preferred shares which are approaching their",
"this asset could be sold for in excess of $250 million.",
"call date and are above market. On the flipside, a ",
"Our to-do list for 2004 includes finalizing a plan for ",
"100 basis point increase in LIBOR would reduce FFO by ",
"the Hotel Pennsylvania which may involve a sale, ",
"$.08 per share.",
"(7)",
"conversion to apartments or even razing the building ",
"for new construction. Any plan will involve realizing the",
"site’s great retail potential.",
"(6)",
"It’",
"a sign of the earning power of our business that we could suffer a diminution of $22 million of",
"income from this one asset, and, so to speak, not miss a beat.",
"(7)",
"Reflects",
"the increased interest expense on our variable rate debt based on our current balance sheet,",
"partially",
"offset by the increased income from our variable rate investments. "
] | train |
|
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798,
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363,
222
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[
538,
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563,
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604,
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629,
222
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[
672,
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696,
222
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738,
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222
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[
804,
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872,
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222
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343,
234
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443,
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] | [
"ALLIANZ GROUP 148",
"SUPPLEMENTARY INFORMATION TO THE",
"1)",
"CONSOLIDATED INCOME STATEMENT",
"24",
"Premiums earned (net)",
"2)",
"2)",
"Property/Casualty",
"Life/Health",
"Total",
"2003",
"2002",
"2001",
"2003",
"2002",
"2001",
"2003",
"2002",
"2001",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"Gross premiums written:",
"from direct insurance ",
"40,675",
"40,447",
"38,942",
"20,002",
"19,961",
"19,389",
"60,677",
"60,408",
"58,331",
"from reinsurance assumed",
"2,034",
"2,095",
"2,517",
"676",
"650",
"740",
"2,710",
"2,745",
"3,257",
"Total",
"42,709",
"42,542",
"41,459",
"20,678",
"20,611",
"20,129",
"63,387",
"63,153",
"61,588",
"Reinsurance ceded",
"– 5,404",
"– 6,150",
"– 6,669",
"– 1,240",
"– 1,207",
"– 1,169",
"– 6,644",
"– 7,357",
"– 7,838",
"Premiums written (net)",
"37,305",
"36,392",
"34,790",
"19,438",
"19,404",
"18,960",
"56,743",
"55,796",
"53,750",
"Premiums earned",
"from direct insurance",
"40,111",
"39,823",
"37,797",
"19,968",
"19,961",
"19,396",
"60,079",
"59,784",
"57,193",
"from reinsurance assumed",
"1,993",
"2,119",
"2,564",
"676",
"650",
"751",
"2,669",
"2,769",
"3,315",
"Total",
"42,104",
"41,942",
"40,361",
"20,644",
"20,611",
"20,147",
"62,748",
"62,553",
"60,508",
"Reinsurance ceded",
"– 5,528",
"– 6,219",
"– 6,595",
"– 1,242",
"– 1,201",
"– 1,168",
"– 6,770",
"– 7,420",
"– 7,763",
"Premiums earned (net)",
"36,576",
"35,723",
"33,766",
"19,402",
"19,410",
"18,979",
"55,978",
"55,133",
"52,745",
"In the case of life insurance products where the policyholder carries",
"Interest and similar income includes dividend income of ",
"¤",
"1,512",
"the investment risk (e. g. variable annuities), only those parts of the",
"(2002: 1,806; 2001: 2,147) mn.",
"premiums used to cover the risks insured and costs involved are",
"2)",
"Net interest margin from banking business",
"treated as premium income.",
"2003",
"2002",
"2001",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"25",
"Interest and similar income",
"Interest and current income",
"8,042",
"13,299",
"9,073",
"Interest expenses",
"– 5,225",
"– 9,292",
"– 6,668",
"2003",
"2002",
"2001",
"Net interest margin",
"2,817",
"4,007",
"2,405",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"Less loan loss allowance",
"1,014",
"2,222",
"588",
"Income from",
"Net interest margin after loan ",
"securities held-to-maturity",
"329",
"384",
"467",
"loss allowance",
"1,803",
"1,785",
"1,817",
"securities available-for-sale",
"12,355",
"13,747",
"13,055",
"real estate used by third parties",
"986",
"1,141",
"1,108",
"lending, money market ",
"transactions and loans",
"8,079",
"11,058",
"8,566",
"leasing agreements",
"80",
"141",
"68",
"other interest-bearing instru-",
"ments",
"733",
"1,739",
"960",
"Total",
"22,562",
"28,210",
"24,224",
"$^{1)}$The figures for 2001 include the Dresdner Bank Group only from the time of its initial consolidation (July 23, 2001 to December 31, 2001)",
"$^{2)}$After eliminating intra-Group transactions between segments"
] | train |
|
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[
510,
461,
906,
472
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[
81,
469,
477,
480
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[
510,
478,
589,
489
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[
81,
486,
477,
497
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[
534,
495,
906,
506
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[
81,
503,
482,
514
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[
510,
512,
906,
523
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[
81,
520,
89,
531
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92,
520,
477,
531
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[
510,
529,
906,
540
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[
81,
537,
477,
548
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[
510,
546,
821,
557
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[
81,
554,
477,
565
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[
534,
563,
906,
574
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[
81,
571,
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510,
580,
742,
591
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81,
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510,
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81,
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510,
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658,
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[
658,
614,
668,
625
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614,
906,
625
],
[
105,
622,
317,
633
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[
317,
622,
327,
633
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[
328,
622,
477,
633
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510,
631,
906,
642
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81,
639,
477,
650
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510,
648,
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81,
656,
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744
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423,
752
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750,
906,
761
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510,
767,
906,
778
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510,
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510,
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712,
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510,
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829
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428,
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467,
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"140",
"ALLIANZ GROUP",
"holdings of Allianz AG, were subsequently recalled. Since then, the",
"Breakdown of subordinated liabilities ",
"participation capital amounts to ",
"¤",
"31,225,164.80, subdivided into",
"12/31/2003",
"12/31/2002",
"6,098,665 participation certificates.",
"¤",
"mn",
"¤",
"mn",
"The terms of the profit participation certificates provide for an",
"Non-voting interests",
"annual cash distribution of 240.0 % of the dividend paid by the com-",
"CreditRas Vita S.p.A.",
"45",
"–",
"pany per one Allianz ordinary share. If certain conditions are met, the",
"Dresdner Bank Group",
"1,561",
"1,732",
"holders of profit participation certificates may also subscribe to new",
"Total",
"1,606",
"1,732",
"profit participation certificates; to this extent, the preemptive sub-",
"Other subordinated liabilities",
"scription rights of Allianz AG shareholders are excluded. Holders of",
"AGF Group",
"797",
"864",
"profit participation certificates do not have voting rights, or any",
"Allianz Finance II B. V.",
"3,377",
"3,445",
"rights to convert the said certificates into Allianz AG shares, or rights",
"Dresdner Bank Group",
"4,854",
"6,178",
"to liquidation proceeds. Profit participation certificates are unsecured",
"Total",
"9,028",
"10,487",
"and rank pari passu with the claims of other unsecured creditors.",
"Profit participation certificates can be redeemed by holders upon",
"Subordinated liabilities",
"10,634",
"12,219",
"12",
"months’ prior notice, beginning December 31, 2001, and every 5th",
"year thereafter. Upon redemption by holders, the terms of the profit",
"Subordinated liabilities",
"include ",
"¤",
"3,377 mn from subordinated lia-",
"participation certificates provide for a redemption price equal to the",
"bilities, which Allianz Finance II B. V. issued in 2002 and which have",
"weighted average of the issue prices of all profit participation certifi-",
"been guaranteed by Allianz AG on a subordinated basis. The guaran-",
"cates. Since the last issue of April 2003, the price has been uniformly",
"tee provided by Allianz for the redemption of these subordinated debt",
"¤",
"72.39",
"per participation certificate.",
"issue is also subordinated, which means that in case of the insolven-",
"The company may call the profit participation certificates for re-",
"cy or liquidation of Allianz AG, subordinated creditors will be paid",
"demption, upon 6 months’ prior notice, beginning December 31,",
"back only after all claims by holders of non-subordinated debt have",
"2006, and each year thereafter. Upon redemption by the company,",
"been settled. ",
"the cash redemption price per certificate would be equal to 122.9 %",
"In the event of bankruptcy proceedings or liquidation, the sub-",
"of the then current price of 1 Allianz ordinary share during the last ",
"ordinated liabilities of Dresdner Bank Group may not be redeemed",
"3",
"months preceding the recall of the participation certicate. In lieu of",
"until all non-subordinated creditors have been satisfied. There is no",
"redemption for cash, the company may offer 10 Allianz ordinary",
"obligation to redeem such liabilities prior to maturity.",
"shares per 8 profit participation certificates. Allianz AG has consis-",
"The non-voting interests were issued for the first time in May",
"tently stated at its Annual General Meeting that the company is not",
"1999, in the amount of approximately ",
"¤",
"1.5",
"bn by Dresdner Bank.",
"legally required to call the profit participation certificates for re-",
"These non-voting interests include 2 issues of Dresdner Bank AG in",
"demption on December 31, 2006 or at another date. ",
"the nominal amount of ",
"¤",
"500 mn (interest rate 5.79 %, maturity",
"Participation certificates also include ",
"¤",
"1,511 (2002: 1,505) mn is-",
"2011) and USD 1,000 mn (interest rate 8.15 %, maturity 2031). Ad-",
"sued by the Dresdner Bank Group which entitle holders to annual in-",
"ditionally Dresdner Bank AG issued 2 non-voting interests in the",
"terest payments, which take priority over Dresdner shareholders’ div-",
"nominal amount of ",
"¤",
"159 mn (interest rate 7.00 %, maturity 2013)",
"idend entitlements. They are subordinated to obligations for all other",
"and JPY 15,000 mn (interest rate 3.50 %, maturity 2033) in 2001.",
"creditors of the issuer, except those similarly subordinated, and share",
"Interest paid on non-voting interests amounted to ",
"¤",
"119 (2002: 118;",
"in losses of the respective issuers in accordance with the conditions",
"2001: 128) mn for the year.",
"attached to the certificates. The profit participation certificates will be",
"Fixed-rate subordinated liabilities of Dresdner Bank Group have",
"redeemed subject to the provisions regarding loss sharing.",
"coupons between 4.0 % and 8.4 %; in addition, there are variable-",
"rate issues linked to a reference interest rate and zero-coupon bonds.",
"Details of the 2 largest participation certificate issues are provided",
"The average interest rate comes to 4.1 %. Interest paid on these sub-",
"below:",
"ordinated liabilities amounted to ",
"¤",
"222 (2002: 463; 2001: 473) mn in",
"the reporting year.",
"Year of",
"Nominal",
"Issuer",
"Inerest ",
"Maturity",
"*)",
"issue",
"amount",
"rate",
"1996",
"¤",
"511 mn",
"Dresdner Bank AG",
"8.0",
"%",
"2007",
"1997",
"¤",
"767",
"mn",
"Dresdner Bank AG",
"7.0",
"%",
"2008",
"*)",
"Nominal amount minus amounts held by Dresdner Bank."
] | train |
|
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680
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857
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694,
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"177",
"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS",
"Operating subsidiaries",
"*)",
"Equity in ",
"¤ ",
"mn",
"% owned",
"Allianz Subalpina Società di Assicurazioni e Riassicurazioni S. p. A., Turin",
"189",
"97.9",
"Allianz Suisse Lebensversicherungs-Gesellschaft, Zurich",
"266",
"99.9",
"Allianz Suisse Versicherungs-Gesellschaft, Zurich",
"574",
"100.0",
"Allianz Tiriac Insurance S. A. , Bukarest",
"8",
"51.6",
"Allianz Underwriters Insurance Company, Los Angeles",
"45",
"100.0",
"Allianz (UK) Ltd., London",
"658",
"100.0",
"Allianz Worldwide Care Ltd., Dublin",
"12",
"100.0",
"Allianz Zagreb d.d., Zagreb",
"10",
"52.1",
"Arab International Insurance Company S. A. E., Cairo",
"7",
"80.0",
"Arab International Life Assurance Company S. A. E., Cairo",
"6",
"100.0",
"Assurances Générales de France, Paris",
"6,080",
"63.5",
"Assurances Générales de France IART, Paris",
"2,231",
"99.9",
"Assurances Générales de France Vie, Paris",
"2,971",
"100.0",
"Banque AGF, Paris",
"449",
"100.0",
"Cadence Capital Management LLC, Boston",
"5",
"75.9",
"Colseguros Generales S. A., Bogota",
"12",
"99.9",
"Commercial Bank Allianz Bulgaria Ltd., Sofia",
"12",
"99.4",
"Compagnie d’Assurance de Protection Juridique S. A., Zug",
"6",
"100.0",
"Companhia de Seguros Allianz Portugal S. A., Lissabon",
"63",
"64.8",
"Dresdner Bank Luxembourg S. A., Luxembourg",
"572",
"100.0",
"Dresdner Bank (Schweiz) AG, Zurich",
"37",
"99.8",
"Dresdner International Management Services Ltd., Dublin",
"3",
"100.0",
"Dresdner Kleinwort Wasserstein (Japan) Ltd., Hongkong",
"3",
"100.0",
"Dresdner Kleinwort Wasserstein Securities SIM S. p. A., Milan",
"23",
"100.0",
"Dresdner Kleinwort Wasserstein (South East Asia) Ltd., Singapore",
"135",
"100.0",
"ELVIA Reiseversicherungs-Gesellschaft AG, Zurich",
"18",
"100.0",
"Euler Credito y Caution, Madrid",
"8",
"100.0",
"Euler Hermes S.F.A.C. S. A., Paris",
"318",
"100.0",
"Eurovida, S. A. Compañia de Seguros y Reaseguros, Madrid",
"36",
"51.0",
"Fireman’s Fund Insurance Company, Novato",
"3,578",
"100.0",
"GENIALLOYD S. p. A., Milan",
"32",
"99.9",
"International Reinsurance Company S. A., Luxembourg",
"32",
"100.0",
"Lloyd Adriatico S. p. A., Trieste",
"702",
"99.7",
"Mondial Assistance S. A., Paris Cedex",
"46",
"100.0",
"NFJ Investment Group LP, Dallas",
"2",
"100.0",
"Nicholas Applegate, San Diego",
"43",
"100.0",
"Oppenheimer Capital LLC, Delaware",
"16",
"100.0",
"Orbis Group Ltd., St. Peter Port/Guernsey",
"20",
"100.0",
"Ost-West Allianz Insurance Company, Moscow",
"2",
"100.0",
"Pacific Investment Management Company LLC, Delaware",
"131",
"91.0",
"PEA Capital LLC, New York City",
"3",
"100.0",
"PIMCO Advisors Distributors LLC, Delaware",
"35",
"100.0",
"Privatinvest Bank AG, Salzburg",
"14",
"74.0",
"P.",
"T. Asuransi Allianz Utama Indonesia p.l.c., Jakarta",
"13",
"75.4",
"*)",
"Percentage includes equity participations held by dependent enterprises in full, even if the Group’s share in this dependent enterprise is under 100%"
] | train |
|
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"Bombardier Inc. Annual Report 2003-04",
"page 27",
"customers significant advantages over anything",
"which received full type approval from Transport",
"Bombardier’s family of 50-, 70- and 86-seat",
"available from the competition in terms of opera-",
"Canada on March 12, 2004 and is scheduled to",
"Bombardier CRJ aircraft offers unparalleled ",
"tional efficiencies. There would have to be a clear",
"enter service during the fourth quarter of this year;",
"commonality and flexibility in terms of training,",
"market for such an aircraft and a strong business",
"delivery of the 600th Bombardier Challenger ",
"maintenance and crew scheduling that trans-",
"case for such a project from Bombardier’s per-",
"business jet in October 2003; delivery of the first",
"late into significantly lower operating costs ",
"spective before any decision to proceed is made.",
"Bombardier Challenger 300 aircraft on December",
"and increased profit opportunities for carriers.",
"While having achieved increased deliveries of",
"23, 2003; and on January 21, 2004, delivery of the",
"Moreover, with the market moving towards larger",
"both business and regional aircraft despite the",
"first Bombardier Learjet 40 business jet. Another",
"regional aircraft, the fact that Bombardier was ",
"challenging market conditions of fiscal year 2004,",
"positive development was the government of Italy’s",
"the first to have 70- and 86-seat models in serv-",
"*",
"*",
"there are still significant challenges ahead. One",
"purchase of three more Bombardier",
"ice represents a clear advantage. Seven out of",
"415",
"amphi-",
"of the issues Bombardier Aerospace will continue",
"the world’s 10 largest commercial airlines operate",
"bious aircraft.",
"*",
"*",
"to address is the necessity to ensure the avail-",
"Bombardier CRJ200 and Bombardier",
"Moreover, the group will be adding 17 new",
"CRJ700",
"ability of financing for regional aircraft. This remains",
"Challenger 300 aircraft to the Bombardier ",
"regional airliners.",
"a crucial consideration given the financial con-",
"Flexjet fleet over the next few months. As of late",
"As of January 31, 2004, 143 of the larger",
"straints carriers face. In addition, the group will",
"March 2004, the four Bombardier Challenger 300",
"Bombardier CRJ700 and Bombardier CRJ900",
"continue to build a more responsive, customer-",
"in the Bombardier Flexjet fleet had flown more",
"aircraft were already flying. Two of the recent deliv-",
"focused organization, providing exceptional",
"than 900 hours, while the Learjet 40 in the fleet",
"eries were to Shandong Airlines—making",
"the",
"service to support its innovative products—the",
"had flown more than 200 hours. Bombardier",
"Bombardier CRJ700 the first 70-seat regional jet",
"**",
"new spare parts initiative reflects this commit-",
"recently partnered with the Delta AirElite",
"to become operational in China or, indeed, any-",
"private",
"ment—while concurrently reducing costs to",
"where in the Asia-Pacific region. The Corporation",
"jet membership program to make its Flexjet frac-",
"increase its competitiveness.",
"is confident that demand for its market-leading",
"tional ownership program even more accessible.",
"family of regional jets will continue for years ",
"As well, the Bombardier Skyjet charter program",
"to come.",
"has been extended to Europe, enabling customers",
"There also is significant market interest in the",
"to enjoy the many benefits of private air travel at",
"*",
"*",
"new-generation Bombardier",
"an affordable price.",
"Q400",
"turboprop.",
"Over the next 12 months, Bombardier will also",
"The 70-seater offers all the comfort characteristics",
"be studying the feasibility of proceeding with the",
"of a jet, combined with the lowest seat-mile costs",
"development of a new-generation commercial ",
"of any regional aircraft operating today. U.K.-",
"aircraft. Gary R. Scott, a long-time senior executive",
"based FlyBE. ordered 17 additional Bombardier",
"at The Boeing Company, has been appointed",
"Q400 aircraft during the last fiscal year and Japan-",
"President, New Commercial Aircraft Program, ",
"based All Nippon Airways added two more to its",
"with the responsibility for leading a multidiscipli-",
"fleet. Meanwhile, Australia’s Qantas signed for six",
"*",
"*",
"nary task force that will thoroughly evaluate the",
"50-passenger Bombardier",
"Q300",
"turboprops",
"potential of such a program.",
"and, subsequent to year end, converted an option",
"As you might expect from the Corporation ",
"into a seventh firm order.",
"that revolutionized regional air travel with the ",
"Other noteworthy achievements at Aerospace",
"Trademark(s) of Bombardier Inc. or its subsidiaries.",
"*",
"Bombardier CRJ, the aim is to develop a truly ad-",
"during the year under review included: the suc-",
"SAP is a trademark of SAP AG.",
"**",
"vanced new commercial aircraft that would offer",
"cessful first flight of the Bombardier Global 5000,",
"Delta AirElite is a trademark of Delta Corporate Identity, Inc.",
"**"
] | train |
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"Environment",
"In",
"May 2002, Fuji Heavy Industries Ltd. formulated its new voluntary environmental plan, the",
"“FHI Environmental Conservation Program”",
"(fiscal 2003 to fiscal 2007), to promote activities",
"aimed at reducing the burden on the environment",
"at every stage of business—from product",
"development to procurement, production,",
"use, and disposal. In addition, the Group as",
"a whole has also begun to address this issue.",
"Environmental Management",
"are conducting ongoing cleanup activities at all manufacturing",
"1.",
"Environmental Audit",
"divisions, interacting and initiating dialogues with the people of",
"Following the Gunma, Saitama and Utsunomiya Manufacturing",
"each region in which the Company operates, and making efforts,",
"divisions, which have all been evaluated and maintain ISO 14001",
"contributions, and support to coexist in harmony. We are also",
"environmental certification, both the corporate headquarters and",
"actively taking part in various eco-friendly events, including the",
"Tokyo office commenced activities to obtain ISO 14001 certifica-",
"Low Emission Vehicle Fair. ",
"tion in April 2003. Furthermore, aside from this kind of external",
"environmental audit, the Company has introduced its own internal",
"Health and Safety",
"environmental risk assessment and environmental performance",
"FHI is working to ensure the safety of all employees and to create",
"evaluation system to minimize environmental risks, and to take",
"a working environment that is both safe and comfortable. To",
"pollution prevention and activities to conserve the environment",
"completely eliminate occupational hazards, the Company con-",
"advancing to the next level.",
"ducts ongoing measures to improve the working environment,",
"2.",
"Environmental Accounting",
"activities to prevent traffic accidents, programs to optimally assure",
"In the fiscal year ending March 31, 2003, the environmental costs",
"employees’ physical and mental health, and other initiatives.",
"were ¥26,017 million (¥25,378 million in the previous fiscal year)",
"and the economic effects were ¥1,226 million (¥976 million in the",
"Group Activities",
"previous fiscal year).",
"1.",
"Domestic",
"3.",
"Corporate Environment Management Survey",
"In Group affiliated companies, FHI has been holding an",
"During the fiscal year under review, FHI improved its rank in the",
"Environmental Problem Meeting periodically with seven affiliated",
"Nihon Keizai Shimbun Inc.’s Eco-Oriented Business survey. In",
"companies whose manufacturing or transporting business greatly",
"the corporate environmental ranking announced in the ",
"Nihon",
"impact the environment since 1999. Furthermore, in fiscal 2003,",
"Keizai Shimbun",
"newspaper on December 10, 2002, FHI ranked",
"the Domestic Affiliated Companies Subcommittee under the",
"64th out of 703 manufacturers and 4th out of 11 automakers,",
"Production Environment Committee, one of the expert committees",
"a noteworthy improvement from the prior fiscal year, when FHI",
"of the Corporate Environment Committee, started offering guid-",
"ranked 103rd out of 820 manufacturers and 8th out of 11",
"ance and support in reducing the environmental burden of all",
"automakers. In fiscal 2004, the Company will continue to strive",
"Group companies. In addition, Chiba Subaru Inc., an authorized",
"to further improve its ranking.",
"Subaru dealership, obtained ISO 14001 certification in March 2003. ",
"4.",
"Environmental Report",
"2.",
"Overseas",
"FHI has published an environmental report every year since fiscal",
"In fiscal 2003, to enhance cooperation in environmental protec-",
"2000, including the fiscal 2003 edition. ",
"tion, the Company established the North American Environment",
"Committee—composed of FHI’s North American affiliates (SIA,",
"Social Action Programs ",
"SOA, SCI, SRD, and RMI)—as a part of the Corporate",
"As a good corporate citizen, FHI wishes to be a part of and",
"Environment Committee.* ",
"prosper together with the communities and surrounding regions",
"* At FHI, the Corporate Environment Committee is the highest committee related to environ-",
"where our plants carry out their daily manufacturing operations.",
"mental protection.",
"For this reason, to contribute to the improvement of society, we",
"18",
"FUJI HEAVY INDUSTRIES LTD."
] | train |
|
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] | [
"MANAGEMENT’S",
"DISCUSSION & ANALYSIS",
"DISCUSSION AND ANALYSIS",
"Selected",
"financial information for the Newspaper Segment for the fourth quarter (in $000’s):",
"TORONTO STAR",
"METROL",
"AND",
"CITYMEDIA",
"OTHER",
"TOTAL",
"2004",
"8",
"Revenue",
"$125,672",
"$111,747",
"$44,720",
"$2,993",
"$285,132",
"Operating profit",
"20,569",
"21,481",
"9,797",
"(2,397)",
"49,450",
"Depreciation",
"8,459",
"1,910",
"882",
"652",
"11,903",
"Segment EBITDA",
"$29,028",
"$23,391",
"$10,679",
"($1,745)",
"$61,353",
"Margins:",
"Operating profit",
"16.4%",
"19.2%",
"21.9%",
"n/a",
"17.3%",
"EBITDA",
"23.1%",
"20.9%",
"23.9%",
"n/a",
"21.5%",
"2003",
"Revenue",
"$117,231",
"$89,948",
"$41,043",
"$2,610",
"$250,832",
"Operating profit",
"16,518",
"19,785",
"7,767",
"(1,902)",
"42,168",
"Depreciation",
"8,713",
"1,538",
"1,491",
"381",
"12,123",
"Segment EBITDA",
"$25,231",
"$21,323",
"$9,258",
"($1,521)",
"$54,291",
"Margins:",
"Operating profit",
"14.1%",
"22.0%",
"18.9%",
"n/a",
"16.8%",
"EBITDA",
"21.5%",
"23.7%",
"22.6%",
"n/a",
"21.6%",
"Restated 2003 Margins$^{8}$:",
"Operating profit",
"13.2%",
"n/a",
"18.3%",
"n/a",
"16.2%",
"EBITDA",
"20.1%",
"n/a",
"21.8%",
"n/a",
"20.8%",
"Advertising revenues at the Toronto",
"Star",
"were up slightly",
"Metroland’s revenues were up $21.8 million in the",
"in",
"the fourth quarter as a 10.2% increase in the effective",
"fourth quarter including $2.5 million from acquisitions.",
"line",
"rate",
"offset a 9.2% decrease in linage. National ",
"Advertising linage at the community newspapers was up",
"advertising",
"rose",
"3.6% but declines were experienced ",
"13.2% in the quarter, slightly offset by a 1.3% decrease in",
"in",
"each of retail, travel and classified, down 9.9%, 7.4%",
"the effective line rate. Distribution revenue was up ",
"and 13.5% respectively",
"Automotive advertising was down",
"$4.8 million or 22.3% in the fourth quarter as over ",
"12.8% (mostly classified) and employment ",
"advertising",
"700 million pieces were delivered. A portion of the",
"declined 6.4%. On-line advertising revenues at thestar",
".com",
"increase is timing resulting from an extra Friday (which is",
"and workopolis.com were up $0.6 million in the",
"fourth",
"the largest distribution day) in December 2004. This",
"quarter",
"Circulation revenues were up slightly in the",
"impact will reverse in the first quarter of 2005. Sing Tao",
"quarter",
"excluding the $8.1 million impact from the",
"and Metro had strong fourth quarters and contributed a",
"change in accounting.",
"combined $1.5 million of additional advertising revenue.",
"Lower",
"newsprint",
"consumption offset partially by higher",
"Metroland’s costs were up in the quarter, reflecting the",
"pricing reduced the Toronto Star’s paper costs by $1",
".2",
"increased costs related to the revenue growth from product",
"million in the fourth quarter",
"Labour costs were down",
"and geographic expansion. Depreciation expense was",
"$1.0 million as lower pension and long-term ",
"disability",
"$0.4 million higher in the fourth quarter of 2004 due to",
"costs",
"more",
"than offset general wage increases. Other",
"the new press that came on-line during the second quarter",
"costs were down $1.6 million",
"due",
"primarily to reduced",
"of 2004.",
"promotional activities in the fourth quarter.",
"8",
"Effective 2004, Torstar",
"has begun to report home delivery circulation revenues for the Toronto Star and CityMedia on a gross basis rather than net of certain distribution costs. ",
"The fourth quarter 2004 adjustment to revenue was $8.1 million for the Toronto",
"Star and $1.5 million for CityMedia. The 2003 results have not been restated for this change. The restated",
"2003",
"margins illustrate what the impact would have been on margins had the revenue been restated. For more details on the change, see the discussion in “Changes in Accounting Policies”.",
"33",
"TORSTAR 2004"
] | train |
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"– The redeemable preferred",
"Redeemable Preferred Stock",
"herein are not necessarily indicative of the amount the Company",
"13.",
"INVESTMENT IN AFFILIATES",
"stock is valued at the redemption value at the mandatory",
"could realize in a current market exchange. The use of different",
"As a result of the acquisition of Financial Guaranty, the Company",
"redemption date.",
"market assumptions or estimation methodologies could have ",
"owns a 46.0% interest in Credit-Based Asset Servicing and",
"a material effect on the estimated fair value amounts.",
"December 31",
"Securitization LLC (“C-BASS”) and a 45.5% interest in Sherman",
"– The fair values of fixed maturity",
"Fixed Maturity Securities",
"2000",
"2001",
"Financial Group LLC (“Sherman”). C-BASS is engaged in the",
"Carrying ",
"Estimated",
"Carrying",
"Estimated",
"securities and equity securities, are based on quoted market",
"purchasing, servicing and/or securitization of special assets,",
"Amount",
"Fair Value",
"Amount",
"Fair Value",
"prices or dealer quotes. For investments that are not publicly",
"including sub-performing/non-performing and seller-financed",
"Assets:",
"traded, management has made estimates of fair value that",
"residential mortgages, real estate and subordinated residential",
"Fixed ",
"consider investees’ financial results, conditions and prospects,",
"mortgage-based securities. Sherman conducts a business that",
"maturity",
"securities",
"$1,654,633 $1,675,834",
"$3,129,718 $3,149,482",
"and the values of comparable public companies.",
"focuses on purchasing and servicing delinquent unsecured",
"Trading ",
"– The fair values of trading securities",
"Trading Securities",
"consumer assets. At December 31, 2001, C-BASS had total assets",
"Securities",
"—",
"—",
"21,659",
"21,659",
"are based on quoted market prices, dealer quotes or estimates",
"of $1,290,425,000 and total liabilities of $1,005,907,000. C-BASS",
"Short-term ",
"using quoted market prices for similar securities.",
"investments",
"95,824",
"95,824",
"210,788",
"210,788",
"had net income for 2001 of $86,481,000. At December 31, 2001,",
"Other invested ",
"– Fair values of short-term",
"Short-Term Investments",
"Sherman had total assets of $287,826,297 and total liabilities",
"assets",
"—",
"—",
"7,310",
"7,310",
"investments are assumed to equal cost.",
"of $203,051,815. Sherman had net income for 2001 of $10,624,267.",
"Liabilities:",
"– The fair value of other invested",
"Other Invested Assets",
"The Company owns a 36.5% interest in EIC Corporation Ltd.",
"Unearned ",
"assets, residential mortgage-backed securities, is based on the",
"(“Exporters”), an insurance holding company which, through its",
"premiums",
"77,241",
"77,241",
"513,932",
"456,018",
"present value of the estimated net future cash flows, including",
"wholly-owned insurance subsidiary licensed in Bermuda, insures",
"Reserve for",
"annual distributions and net cash proceeds from the exercise",
"losses",
"390,021",
"390,021",
"588,643",
"588,643",
"foreign trade receivables. At December 31, 2001, Exporters had",
"Long-term ",
"of call rights, using relevant market information.",
"total assets of $168,924,333 and total liabilities of $114,239,333.",
"debt",
"—",
"—",
"324,076",
"346,333",
"– In the mortgage insurance",
"Unearned Premiums",
"Exporters had a loss for 2001 of $2,240,000.",
"Redeemable ",
"business, as the majority of the premiums received are cash",
"The Company accounts for its investment in these affiliates",
"preferred ",
"basis, the fair value is assumed to equal the book value. The",
"in accordance with the equity method of accounting as the control",
"stock",
"40,000",
"40,000",
"40,000",
"40,000",
"fair value of unearned premiums in the financial guaranty",
"of these affiliates does not rest with the Company and since ",
"insurance business, net of prepaid reinsurance premiums, ",
"the other shareholders have substantial participating rights.",
"is based on the estimated cost of entering into a cession of the",
"14.",
"FAIR VALUE OF FINANCIAL INSTRUMENTS",
"entire portfolio with third-party reinsurers under current market",
"conditions, adjusted for ceding commissions based on current",
"The fair value of a financial instrument is the current amount",
"market rates.",
"that would be exchanged between two willing parties, other",
"– The carrying amount is a reasonable",
"Reserve for Losses",
"than in a forced liquidation. Fair value is best determined",
"(1)",
"Diluted net income per share and average shares outstanding per SFAS",
"estimate of the fair value.",
"based upon quoted market prices. However, in many instances,",
"No. 128, “Earnings Per Share.” See note 1.",
"– The fair value is estimated based ",
"Long-Term Debt",
"there are no quoted market prices available. In those cases, ",
"(2)",
"Net income per share is computed independently for each period",
"on the quoted market prices for the same or similar issue or on",
"presented. Consequently, the sum of the quarters may not equal the total net",
"fair values are based on estimates using present value or other",
"income per share for the year.",
"the current rates offered to the Company for debt of the same",
"valuation methodologies. Accordingly, the estimates presented ",
"(3)",
"All share and per share amounts have been restated to reflect a 2-for-1",
"remaining maturities.",
"stock split in 2001. See note 1.",
"> 37"
] | train |
|
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"2",
"VORNADO REALTY TRUST",
"To Our Shareholders",
"Vornado’s ",
"Funds From Operations",
"for the year ended",
"Net",
"Income",
"applicable to common shares for the year ended",
"December",
"31, 2003 was $439.9 million, $3.80 per diluted",
"December 31, 2003 was $518.2 million, $4.44 per diluted",
"shar",
"e, versus $209.7 million, $1.91 per diluted share, for the",
"share, compared to $439.8 million, $3.91 per diluted share,",
"pr",
"evious",
"year. Here are the financial results by segment:",
"for the year ended December 31, 2002.",
"% of 2003",
"Adjusted",
"EBITDA",
"2003",
"2002",
"Same Store",
"($ IN MILLIONS, EXCEPT PER SHARE DATA)",
"EBITDA:",
"New York Office",
"31%",
"331.2",
"320.9",
"3.3%",
"CESCR",
"28%",
"292.3",
"289.7",
"(1.7%)",
"Total Office",
"59%",
"623.5",
"610.6",
"1.0%",
"Retail",
"13%",
"138.9",
"113.9",
"4.5%",
"Merchandise Mart",
"11%",
"117.9",
"108.1",
"4.1%",
"Temperature Controlled Logistics",
"7%",
"78.0",
"69.8",
"4.8%",
"Newkirk Joint Venture",
"7%",
"76.9",
"69.6",
"3.9%",
"Alexander's",
"3%",
"23.0",
"39.4",
"4.0%",
"Hotel Pennsylvania",
"1%",
"4.6",
"7.6",
"(39.5%)",
"Other",
"(1%)",
"(9.1)",
"(57.2)",
"EBITDA before minority interest and gains on sale of real estate",
"100%",
"1,053.7",
"961.8",
"Funds from Operations",
"518.2",
"439.8",
"Funds from Operations per share",
"$4.44",
"$3.91",
"Internally, at budget meetings and such, Joe Macnow",
"bad,",
"but I admit we sometimes have a few too many of",
"uses as an earnings metric Funds from Operations",
"them.",
"The following chart reconciles Funds from",
"Adjusted for Comparability",
". This metric allows us to focus",
"Operations",
"as Reported to Funds from Operations",
"on the core business by eliminating certain one-time",
"Adjusted",
"for Comparability:",
"items. One-timers are inevitable, can be either good or",
"This",
"letter and this Annual Report contain forward-looking statements as such term is defined in Section",
"27A of the",
"Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,",
"as amended. Forward-looking",
"statements are not guarantees of performance. The Company’s future",
"results, financial condition and",
"business may differ materially from those expressed in these forward look-",
"ing",
"statements. These forward looking statements are subject to numerous assumptions, risks and uncer-",
"tainties.",
"Many of the factors that will determine these items are beyond our ability to control or predict. For",
"further discussion of these factors, see “Forward Looking Statements”",
"and “Item 1. Business-Risk",
"Factors” in the Company’s annual report on Form 10-K for the year ended ",
"December 31, 2003."
] | train |
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] | [
"ZIMMER HOLDINGS, INC. AND SUBSIDIARIES",
"2003 FORM 10-K",
"The following table presents the components of the year-",
"margin porous implants and the ongoing efforts to reduce",
"over-year percentage changes in net sales by product",
"manufacturing costs through automation, in-sourcing and",
"category:",
"category:",
"process improvements had positive impacts on gross profit.",
"Zimmer Standalone",
"Zimmer Standalone",
"Impact of",
"The Company’s operating plans annually call for reductions in",
"Volume/",
"Foreign",
"Sub-",
"Centerpulse",
"Net",
"unit manufacturing cost of its products as a direct result of",
"Mix",
"Price",
"Exchange",
"Total",
"Acquisition",
"Change",
"a number of factors, including but not limited to, increased",
"Reconstructive",
"volume, improvements in material technology, replacement of",
"implants",
"16%",
"3%",
"4%",
"23%",
"20%",
"43%",
"used machinery and equipment with higher speed equipment,",
"Trauma",
"4",
"3",
"3",
"10",
"3",
"13",
"(1)",
"Spine",
"–",
"–",
"–",
"–",
"N/A",
"N/A",
"changes in the configuration of manufacturing cells designed",
"Orthopaedic",
"to increase throughput, labor automation as well as in-",
"surgical",
"sourcing. Focus on inventory cost reduction is a strategic",
"products",
"5",
"2",
"3",
"10",
"–",
"10",
"imperative. The Company will continue to direct efforts",
"Consolidated",
"13",
"3",
"4",
"20",
"19",
"39",
"on driving down costs of products sold, general and",
"Overall, worldwide reconstructive implant sales increased",
"administrative expenses and holding costs associated with",
"43",
"percent to $1,521.0 million. The 43 percent increase was",
"working capital.",
"comprised of a 23 percent increase in Zimmer standalone",
"Research and development as a percentage of net sales",
"sales and a 20 percent increase due to the Centerpulse",
"was 5.6 percent in 2003 compared to 5.9 percent in 2002,",
"acquisition. Knee sales increased 37 percent to",
"as research and development expenses increased 31 percent",
"$800.5 million, 24 percent due to increased Zimmer",
"from the prior year compared to a 39 percent increase in",
"standalone sales (increased 20 percent constant currency)",
"sales. Research and development expense increased to",
"and 13 percent due to the Centerpulse acquisition. Knee",
"$105.8 million from $80.7 million reflecting research and",
"sales were led by the ",
"Knee Posterior",
"NexGen Legacy ",
"development expenses from Centerpulse and increased",
"Stabilized product line including the LPS-Flex Knee, ",
"NexGen",
"spending on active projects focused on areas of strategic",
"tibial components and the ",
"CR",
"Trabecular Metal",
"NexGen ",
"significance, including ",
"Technologies, innovative materials",
"MIS ",
"Knee with ",
"Crosslinked Polyethylene. Hip sales",
"Prolong ",
"such as ",
"and Highly Crosslinked",
"Trabecular Metal ",
"increased 46 percent to $645.6 million, 24 percent due to",
"Polyethylene, lifestyle designs, revision implants and",
"the Centerpulse acquisition and 22 percent due to increased",
"biological solutions. The Company has strategically targeted",
"Zimmer standalone sales (increased 17 percent constant",
"R&D spending to be at the high end of what management",
"currency). Hip sales were driven by continued conversion",
"believes to be an average of 4-6 percent for the industry.",
"to porous stems, ",
"acetabular cups, and",
"Trabecular Metal ",
"Maintaining a robust product development pipeline has",
"increased sales of ",
"Acetabular System cups",
"Trilogy ",
"enabled Zimmer to achieve significant contributions in",
"incorporating ",
"Highly Crosslinked Polyethylene",
"Longevity ",
"revenue from new products, which management defines as",
"Liners. Dental sales were $29.8 million, reflecting solid",
"products introduced within the prior 36 month period. For",
"growth in both standard and tapered Swiss Plus design",
"example, in the fourth quarter, new product revenue,",
"implants. Trauma sales increased 13 percent to",
"excluding Centerpulse, represented 18.9 percent of sales, at",
"$151.6 million, 10 percent due to increased Zimmer",
"the high end of the Company’s stated quarterly and annual",
"standalone sales (increased 7 percent constant currency)",
"goal of 15-20 percent, in place since 1999. Management",
"and 3 percent due to the Centerpulse acquisition. Trauma",
"expects over the next year or two to continue to invest in",
"sales were led by sales of the ",
"Periarticular Plating",
"Zimmer",
"R&D at almost 6 percent of sales on a higher revenue base as",
"System. Spine sales were $33.6 million due to sales from",
"investments in spine, biologics and new technology increase.",
"Centerpulse. Orthopaedic surgical product sales increased",
"Selling, general and administrative expenses (‘‘SG&A’’)",
"10",
"percent (7 percent constant currency) to $194.8 million,",
"as a percentage of net sales were 38.8 percent in 2003",
"primarily driven by the continued growth of the ",
"OrthoPAT",
"compared to 39.8 percent (39.4 percent assuming the change",
"Orthopedic Perioperative Autotransfusion System.",
"in accounting principle for instruments is applied",
"Gross profit as a percentage of net sales was",
"retroactively) in 2002. Low cost inflation accompanied with",
"72.8",
"percent in 2003 compared to 74.9 percent in 2002.",
"double digit revenue growth has driven the overall expense",
"Gross profit for 2003 was reduced $42.7 million, or",
"ratio lower for the year. Detailed planning, monitoring and",
"2.2",
"percent of net sales, as a result of an inventory step-up",
"control over these expenses have also contributed to the",
"charge recognized in connection with the Centerpulse",
"improvement. While well managed, the Company has",
"acquisition. Sales and gross profit from Centerpulse also",
"introduced programs and activities in 2003 that involve",
"reduced reported gross margins as Centerpulse has a greater",
"significant investments, which, in part, are reflected in SG&A.",
"percentage of sales based in Europe, where gross margins are",
"As an example, the Zimmer Institute has seen very active use",
"historically lower than the U.S. and Japan. Increased Zimmer",
"in 2003. The Zimmer Institute, which is used for surgeon",
"standalone average selling prices in all geographic segments,",
"training, product development activities such as prototype",
"the continued conversion from cemented implants to higher",
"evaluations and product and instrument training for",
"independent field sales representatives, provided training",
"$^{(1)}$Spine is a new product category as a result of the Centerpulse",
"for over 500 surgeons, physician assistants and nurses on",
"acquisition.",
"the ",
"2",
"Hip Replacement Procedure and the",
"MIS ",
"-Incision ",
"23"
] | train |
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"11",
"VORNADO REALTY TRUST",
"Alexander’s was a New York area department store chain",
"David and Mike made a great 700,000 square foot anchor",
"■",
"which was rich in real estate, but long suffering as a retail",
"lease with Bloomberg.",
"(13)",
"operation. Alexander’s is now a real estate business with a",
"We were able to internally finance the cost of this project",
"■",
"small, static collection of wonderful assets: ",
"(about $650 million of hard and soft costs without land)",
"Bloomberg Tower/ One Beacon Court mixed-use ",
"■",
"without diluting shareholders by selling stock or taking in",
"development at 59th Street and Lexington Avenue, NY",
"partners. We generated the needed capital by leasing and",
"Kings Plaza Regional Shopping Center, Brooklyn, NY ",
"■",
"financing Paramus, refinancing Kings Plaza, and the debt",
"Rego Park Shopping Center, Queens, NY ",
"from a Hypo Bank construction loan arranged by Wendy",
"■",
"Silverstein, our capital markets queen.",
"Ikea Property, Paramus, NJ",
"■",
"Please see page 22 for the full property table. ",
"Alexander’s hired Vornado as a for-fee developer, again",
"■",
"without suffering any dilution.",
"(14)",
"The development of the 59th Street property—a full",
"square block on the Upper East Side of Manhattan—has",
"We engaged Cesar Pelli as design architect.",
"Creating a",
"(15)",
"■",
"been a long, wonderful adventure. It is situated where",
"“great building” rather than a “developer’s building” has",
"Manhattan’",
"Plaza District meets the Silk Stocking District,",
"paid off in spades.",
"blocks from the best hotels in the world and, of course,",
"The building’s grand gesture is an 11,000 square foot,",
"■",
"directly across the street from Bloomingdale’s. This 814-",
"open-to-the-sky, mid-block courtyard—an off street",
"foot tower is now topped out, curtain wall is nearly com-",
"refuge available for both vehicles and pedestrians that",
"plete and tenants Bloomberg, Home Depot and H&M are",
"serves as the entrance for residential tenants and",
"doing fit-out.",
"Bloomberg. This six-story high, oval-shaped space is",
"On behalf of Alexander’s, we did some things right here. ",
"unique and quite wonderful from a design perspective,",
"and quite wonderfully profitable too.",
"(16)",
"We had the patience to hold this great site for years ",
"■",
"until the New York market recovered. I think we got the",
"With a full block in Bloomingdale’s country, the retail value",
"■",
"timing right.",
"was obvious. We discarded the idea of building a multi-",
"story interior mall and chose instead to have all stores",
"(13)",
"Luck",
"is important. In the middle of negotiations for what was then a 400,000 square foot lease, Bloomberg, whose",
"business",
"is growing like wildfire, insisted we eliminate the planned hotel component so we could expand their space",
"to",
"700,000 square feet. What a great trade—300,000 square feet more Bloomberg credit versus a hotel that we",
"would",
"have",
"built into a deteriorating market. Luck is important.",
"(14)",
"With",
"the accomplished Mel Blum as President of our development division, Vornado has a world-class development",
"capability",
"Ditto for Eli Zamek in charge of our high-rise construction.",
"(15)",
"With a huge contribution from the very talented Rafael Pelli.",
"(16)",
"In",
"essence, we transferred 66,000 square feet of space worth, say, $600 per square foot from low mid-block up to",
"the ver",
"top of the building where it has a value of over $2,000 per square foot – a fair trade indeed."
] | train |
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] | [
"2.",
"Segmented Information",
"(millions of dollars)",
"36",
"Year ended December 31, 2000",
"Energy",
"Energy",
"Energy",
"Corporate",
"AL REPORT",
"2",
"Transportation",
"Distribution",
"Services",
"International",
"and Other",
"Consolidated",
"Revenues",
"729.6",
"1,799.7",
"390.2",
"22.2",
"3.3",
"2,945.0",
"Gas costs",
"—",
"958.8",
"7.7",
"—",
"—",
"966.5",
"Operating and administrative",
"262.4",
"337.9",
"229.4",
"17.8",
"22.8",
"870.3",
"ENBRIDGE 2000 ANNU",
"Depreciation",
"163.8",
"207.6",
"72.7",
"0.7",
"8.7",
"453.5",
"Operating income/(loss)",
"303.4",
"295.4",
"80.4",
"3.7",
"(28.2)",
"654.7",
"Investment and other income",
"71.1",
"73.4",
"7.9",
"22.6",
"10.6",
"185.6",
"Interest and preferred equity charges",
"(108.3)",
"(164.6)",
"(29.4)",
"—",
"(147.6)",
"(449.9)",
"Income taxes",
"(62.4)",
"(13.3)",
"5.0",
"0.1",
"72.5",
"1.9",
"Earnings/(loss) applicable to",
"common shareholders",
"203.8",
"190.9",
"63.9",
"26.4",
"(92.7)",
"392.3",
"(millions of dollars)",
"Year ended December 31, 1999",
"Energy",
"Energy",
"Energy",
"Corporate",
"1",
"1",
"2",
"Transportation",
"Distribution",
"Services",
"International",
"and Other",
"Consolidated",
"Revenues",
"599.5",
"1,913.3",
"138.9",
"30.3",
"12.0",
"2,694.0",
"Gas costs",
"—",
"897.5",
"5.6",
"—",
"—",
"903.1",
"Operating and administrative",
"236.4",
"433.8",
"110.3",
"15.7",
"25.4",
"821.6",
"Depreciation",
"115.7",
"241.3",
"21.4",
"0.3",
"5.1",
"383.8",
"Operating income/(loss)",
"247.4",
"340.7",
"1.6",
"14.3",
"(18.5)",
"585.5",
"Investment and other income",
"94.7",
"37.2",
"—",
"17.3",
"33.2",
"182.4",
"Interest and preferred equity charges",
"(88.4)",
"(184.5)",
"(7.9)",
"(0.1)",
"(111.6)",
"(392.5)",
"Income taxes",
"(42.1)",
"(93.9)",
"2.0",
"(2.8)",
"49.3",
"(87.5)",
"Earnings/(loss) applicable to",
"common shareholders",
"211.6",
"99.5",
"(4.3)",
"28.7",
"(47.6)",
"287.9",
"(millions of dollars)",
"(millions of dollars)",
"Year ended December 31, 1998",
"Energy",
"Energy",
"Energy",
"Corporate",
"1",
"1",
"2",
"Transportation",
"Distribution",
"Services",
"International",
"and Other",
"Consolidated",
"Revenues",
"495.4",
"1,802.7",
"18.2",
"20.7",
"9.4",
"2,346.4",
"Gas costs",
"—",
"860.4",
"4.6",
"—",
"—",
"865.0",
"Operating and administrative",
"236.0",
"380.8",
"22.8",
"17.7",
"17.7",
"675.0",
"Depreciation",
"87.0",
"216.4",
"1.1",
"0.2",
"4.3",
"309.0",
"Operating income/(loss)",
"172.4",
"345.1",
"(10.3)",
"2.8",
"(12.6)",
"497.4",
"Investment and other income",
"81.9",
"25.4",
"—",
"21.6",
"22.8",
"151.7",
"Interest",
"(61.4)",
"(176.5)",
"(1.4)",
"—",
"(73.6)",
"(312.9)",
"Income taxes",
"(39.6)",
"(93.7)",
"4.9",
"(0.1)",
"33.2",
"(95.3)",
"Earnings/(loss) applicable to",
"common shareholders",
"153.3",
"100.3",
"(6.8)",
"24.3",
"(30.2)",
"240.9",
"1",
"On October 1, 1999, the Company separated and removed (“unbundled”) the ancillary business activities from the regulated operations of Enbridge Consumers Gas to",
"the unregulated Energy Services. This intersegment transaction comprised the transfer of the water heater and furnace rental program, merchandise retailing and",
"financing operations and other related services. Energy Services reflects the results of operations of the unbundled activities commencing October 1, 1999. The 1999",
"and 1998 results of operations of Energy Distribution reflects a full year contribution from the ancillary business activities for the year ended September 30, 1999 and",
"1998 under the quarter lag basis of consolidation.",
"2",
"Corporate and Other includes new business development activities and non-operating investing and financing activities, including general corporate investments and",
"costs associated with financing non-regulated activities.",
"3",
"The measurement basis for preparation of segmented information is consistent with the significant accounting policies outlined in Note 1.",
"4",
"Segmented information has been restated to reflect the changes in the internal organization of the Company, effective in the fourth quarter of 2000."
] | train |
|
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"49",
"1997",
"1996 ",
"1995 ",
"1994 ",
"1993 ",
"1992 ",
"1991",
"$ 2,479,828",
"$ 2,281,071",
"$ 2,078,190",
"$ 1,982,260",
"$ 1,846,791",
"$ 1,773,460",
"$ 1,747,118",
"903,309",
"872,969",
"816,474",
"789,375",
"781,205",
"762,729",
"733,943",
"703,558",
"686,936",
"466,187",
"406,608",
"397,204",
"370,613",
"357,383",
"221,470",
"177,237",
"144,636",
"218,000",
"202,040",
"184,035",
"149,489",
"4,308,165",
"4,018,213",
"3,505,487",
"3,396,243",
"3,227,240",
"3,090,837",
"2,987,933",
"2,812,218",
"2,776,171",
"2,499,696",
"2,410,404",
"2,336,668",
"2,303,468",
"2,265,948",
"152,964",
"147,721",
"141,151",
"146,054",
"147,248",
"139,080",
"139,268",
"80,741",
"75,043",
"47,509",
"44,110",
"43,771",
"39,197",
"39,621",
"3,045,923",
"2,998,935",
"2,688,356",
"2,600,568",
"2,527,687",
"2,481,745",
"2,444,837",
"1,262,242",
"1,019,278",
"817,131",
"795,675",
"699,553",
"609,092",
"543,096",
"(98,242)",
"(135,563)",
"(52,175)",
"(45,624)",
"(51,250)",
"(50,817)",
"(71,057)",
"(9,047)",
"155,825 (7)",
"3,754",
"14,945",
"5,350",
"7,814",
"14,859",
"1,154,953",
"1,039,540",
"768,710",
"764,996",
"653,653",
"566,089",
"486,898",
"473,600",
"442,900",
"312,084",
"309,600",
"264,400",
"224,900",
"194,400",
"681,353",
"596,640 (7)",
"456,626",
"455,396",
"389,253",
"341,189",
"292,498",
"31,326",
"51,867",
"20,636",
"10,003",
"8,499",
"4,491",
"9,151",
"294,580",
"31,326",
"346,447",
"20,636",
"10,003",
"8,499",
"4,491",
"9,151",
"712,679",
"943,087",
"477,262",
"465,399",
"397,752",
"345,680",
"301,649",
"34,000",
"(180,000)",
"$",
"712,679",
"$",
"943,087",
"$",
"477,262",
"$",
"465,399",
"$",
"397,752",
"$",
"199,680",
"$",
"301,649",
"$ 1,495,947",
"$ 1,242,042",
"$ 1,005,791",
"$",
"985,839",
"$",
"890,572",
"$",
"787,369",
"$",
"721,985",
"$2.41/$2.39",
"$2.12/$2.11(7)",
"$1.63/$1.62",
"$1.58/$1.57",
"$1.33/$1.32",
"$1.18/$1.18",
"$.97/$.96",
"$2.52/$2.50",
"$3.35/$3.33",
"$1.70/$1.69",
"$1.61/$1.60",
"$1.36/$1.35",
"$.69/$.69",
"$1.00/$.99",
".74",
".71",
".69",
".67",
".65",
".63",
".62",
"283,360/285,610",
"281,782/283,426",
"280,312/282,323",
"288,552/290,148",
"292,948/294,659",
"288,296/290,174",
"301,566/303,267",
"$",
"146,057",
"$",
"47,609",
"$",
"41,312",
"$",
"123,783",
"$",
"302,818",
"$",
"199,896",
"$",
"192,266",
"1,740,534",
"1,880,293",
"2,767,880",
"767,270",
"850,686",
"1,080,756",
"1,335,394",
"3,479,736",
"2,930,818",
"2,145,648",
"1,822,238",
"1,907,920",
"1,580,101",
"1,539,487",
"6,890,351",
"6,349,597",
"6,503,800",
"3,707,052",
"3,823,798",
"3,609,009",
"3,684,080",
"35.4%",
"10.2% (6)",
"0.3%",
"17.0%",
"14.1%",
"16.6%",
"(17.5%)",
"36.9%/34.3%",
"8.0%/9.9% (6)",
"3.2%/3.2%",
"18.8%/18.9%",
"12.3%/11.9%",
"22.0%/22.9%",
"(12.4%)/(12.7%)",
"4.2%",
"2.9%",
"3.0%",
"3.1%",
"3.2%",
"1.6%",
"2.5%",
"21.3%",
"19.8%",
"23.0%",
"24.4%",
"22.3%",
"21.9%",
"16.2%",
"50.0%",
"64.2%",
"129.0%",
"42.1%",
"44.6%",
"68.4%",
"86.7%",
"12.8X",
"8.7X",
"15.7X",
"17.8X",
"13.8X",
"12.1X",
"7.9X",
"(8)",
"Excludes 1998 $184 million after-tax net non-operating gain principally from ",
"(11)",
"Includes pre-tax net non-operating gain principally from the exchange of ",
"the disposition of the radio and alarm security businesses ($.65 per share-basic ",
"KVUE-TV for KXTV-TV of $55 million (after-tax gain of $33 million or $.11 ",
"and $.64 per share-diluted).",
"per share).",
"(9)",
"Includes pre-tax net non-operating gain principally from the disposition of the ",
"(12)",
"Includes results from businesses sold and accounted for as discontinued ",
"radio and alarm security businesses of $307 million (after-tax gain of $184 ",
"operations (cable - 1995 to 2000; security - 1995 to 1998; entertainment - ",
"million or $.65 per share-basic and $.64 per share-diluted).",
"1995 to 1996; outdoor - 1991 to 1996).",
"(10)",
"Excludes 1999 $33 million after-tax net non-operating gain principally from the",
"(13)",
"Includes gain from businesses sold and accounted for as discontinued operations ",
"exchange of KVUE-TV for KXTV-TV ($.11 per share).",
"(cable - 2000; outdoor - 1996). "
] | train |
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"Notes To Consolidated Financial Statements",
"Mining and ",
"Smelting and ",
"Eliminations",
"Exploration ",
"Refining ",
"and Other ",
"FCX Total",
"(In Thousands) ",
"2004",
"Revenues",
"$1,746,573$^{a}$ ",
"$873,700 ",
"$(248,407) ",
"$2,371,866",
"Production and delivery ",
"760,131 ",
" 914,452 ",
" (224,292)$^{b}$ ",
" 1,450,291",
"Depreciation and amortization ",
"168,195 ",
"28,632 ",
"9,581 ",
"206,408",
"Exploration expenses ",
"8,471 ",
"— ",
"193 ",
"8,664",
"General and administrative expenses ",
"151,944$^{c}$ ",
"14,196 ",
"(76,213)$^{c}$ ",
"89,927",
"Gain on insurance settlement ",
"(87,000) ",
"— ",
"— ",
"(87,000)",
"Operating income (loss) ",
"$ ",
"744,832 ",
"$ (83,580) ",
"$ ",
"42,324 ",
"$ ",
"703,576",
"Equity in PT Smelting earnings ",
"$ ",
"— ",
"$ ",
"2,045 ",
"$ ",
"— ",
"$ ",
"2,045",
"Interest expense, net ",
"$ ",
"22,209 ",
"$ 13,783 ",
"$ 112,111 ",
"$ ",
"148,103",
"Provision for income taxes ",
"$ ",
"266,372 ",
"$ ",
"— ",
"$ ",
"64,308 ",
"$ ",
"330,680",
"Capital expenditures ",
"$ ",
"119,426 ",
"$ 21,792 ",
"$ ",
"(219) ",
"$ ",
"140,999",
"Total assets ",
"$4,070,767$^{d}$ ",
"$753,883$^{e}$ ",
"$ 262,345 ",
"$5,086,995",
"2003",
"Revenues ",
"$1,744,580$^{a}$ ",
"$910,417 ",
"$(442,832) ",
"$2,212,165",
"Production and delivery ",
"631,951 ",
" 892,681 ",
" (453,306)$^{b}$ ",
" 1,071,326",
"Depreciation and amortization ",
"190,450 ",
"28,464 ",
"11,889 ",
"230,803",
"Exploration expenses ",
"6,284 ",
"— ",
"165 ",
"6,449",
"General and administrative expenses ",
"123,408$^{c}$ ",
"11,023 ",
"(54,152)$^{c}$ ",
"80,279",
"Operating income (loss) ",
"$ ",
"792,487 ",
"$ (21,751) ",
"$ ",
"52,572 ",
"$ ",
"823,308",
"Equity in PT Smelting earnings ",
"$ ",
"— ",
"$ ",
"5,609 ",
"$ ",
"— ",
"$ ",
"5,609",
"Interest expense, net ",
"$ ",
"44,861 ",
"$ 16,675 ",
"$ 135,481 ",
"$ ",
"197,017",
"Provision for income taxes ",
"$ ",
"273,378 ",
"$ ",
"— ",
"$ ",
"64,675 ",
"$ ",
"338,053",
"Capital expenditures ",
"$ ",
"129,029 ",
"$ ",
"9,941 ",
"$ ",
"216 ",
"$ ",
"139,186",
"Total assets ",
"$3,656,714$^{d}$ ",
"$689,213$^{e}$ ",
"$ 372,439 ",
"$4,718,366",
"2002",
"Revenues ",
"$1,519,010$^{a}$ ",
"$768,680 ",
"$(377,228) ",
"$1,910,462",
"Production and delivery ",
"554,870 ",
" 729,789 ",
" (346,197)$^{b}$ ",
"938,462",
"Depreciation and amortization ",
"218,716 ",
"27,652 ",
"14,078 ",
"260,446",
"Exploration expenses ",
"2,965 ",
"— ",
"147 ",
"3,112",
"General and administrative expenses ",
"55,302$^{c}$ ",
"8,675 ",
"4,328$^{c}$ ",
"68,305",
"Operating income (loss) ",
"$ ",
"687,157 ",
"$",
"2,564 ",
"$ (49,584) ",
"$ ",
"640,137",
"Equity in PT Smelting losses ",
"$ ",
"— ",
"$ ",
"4,181 ",
"$ ",
"— ",
"$ ",
"4,181",
"Interest expense, net ",
"$ ",
"71,424 ",
"$ 18,436 ",
"$ ",
"81,349 ",
"$ ",
"171,209",
"Provision for income taxes ",
"$ ",
"221,527 ",
"$ ",
"— ",
"$ ",
"23,991 ",
"$ ",
"245,518",
"Capital expenditures ",
"$ ",
"181,092 ",
"$ ",
"5,108 ",
"$ ",
"1,804 ",
"$ ",
"188,004",
"Total assets ",
"$3,339,449$^{d}$ ",
"$650,640$^{e}$ ",
"$ 202,104 ",
"$4,192,193",
"a.",
"Includes PT Freeport Indonesia’s sales to PT Smelting totaling $696.0 million in 2004, $",
"510.2 million in 2003 and $391.1 million in 2002.",
"b.",
"Includes deferrals (recognition) of intercompany profits on 25 percent of PT Freeport In",
"donesia’s sales to PT Smelting, for which the final sale has not occurred, totaling ",
"$13.8 million in 2004, $(7.0) million in 2003 and $8.4 million in 2002.",
"c.",
"Includes charges to the mining and exploration segment for FCX stock option exercises ",
"which are eliminated in consolidation totaling $87.3 million in 2004, $57.8 million in ",
"2003 and $5.5 million in 2002.",
"d.",
"Includes PT Freeport Indonesia’s trade receivables with PT Smelting totaling $87.5 milli",
"on at December 31, 2004, $33.5 million at December 31, 2003, and $51.2 million at ",
"December 31, 2002.",
"e.",
"Includes PT Freeport Indonesia’s equity investment in PT Smelting totaling $47.8 millio",
"n at December 31, 2004, $58.2 million at December 31, 2003, and $44.6 million at ",
"December 31, 2002.",
"2004 ANNUAL REPORT ",
"| 77"
] | train |
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"Bombardier Inc. Annual Report 2003-04",
"page 35",
"boost the efficiency of European rail traffic sys-",
"project. As a partner in the Metronet consortia",
"spending by public agencies and continued",
"tems by easing cross-border traffic, leading to",
"and a turnkey supplier to the project, Bombardier",
"growth of the services sector.",
"increased capacities, higher speeds and lower",
"Transportation’s portion of the work is worth some",
"Meanwhile, Bombardier Transportation has",
"operating costs.",
"£3.4 billion or $7.9 billion over 15 years. The sheer",
"maintained its commitment to the development",
"Bombardier Transportation booked new orders",
"magnitude of the London project—and its vital",
"of new technologies that will provide customers",
"worth a total of $15.7 billion in fiscal year 2004.",
"importance to the future of urban transport in one",
"with added value in terms of lower operating costs",
"Significant new contracts reflected both the",
"of the world’s great cities—further underscores",
"and improved asset utilization. For instance, at the",
"breadth of the group’s portfolio and its worldwide",
"the group’s leadership role and the confidence it",
"55th International Association of Public Transport",
"geographic reach. Included were a $729-million",
"has earned in the global marketplace.",
"(UITP) World Congress in Madrid in May 2003,",
"contract for a fully automated rapid transit sys-",
"the group unveiled its new Fully Integrated",
"*",
"tem in Taipei; an order from Deutsche Bahn for",
"Composite Assembly System (Bombardier",
"Outlook",
"233 double-deck cars valued at $495 million; an",
"FICAS",
"$^{*}$) technology. The FICAS technology uti-",
"Forecasters expect the worldwide accessible rail",
"order from Austrian Railways (ÖBB) for 240 elec-",
"lizes thin, modularized “sandwich” materials and",
"market to continue growing by 3-5% annually over",
"trical multiple unit cars valued at $248 million; a",
"composite assembly techniques that enable",
"the next five years. Moreover, the services and",
"$191-million order from the Brussels Transport",
"design engineers to reduce the thickness of a",
"total transit systems markets—which are among",
"Authority (STIB) for 46 trams plus overhaul serv-",
"vehicle sidewall by some 75%. The benefits",
"Bombardier Transportation’s strengths—are",
"ices; a $170-million order from Italian State",
"include more inner space, which translates into",
"expected to outstrip that pace. With the major",
"Railways (Trenitalia) for 48 electric passenger loco-",
"higher capacity—up to 10% more passengers for",
"restructuring now being implemented, the group",
"motives; an order from Swiss Federal Railways",
"a given exterior vehicle dimension—and lower",
"will be even better positioned to capitalize on",
"(SBB) for 18 multi-system freight locomotives ",
"vehicle weight, hence less energy consumption.",
"attractive long-term growth prospects.",
"valued at $103 million; and a $40-million order",
"An advanced version of Bombardier’s proven ",
"A relentless focus on costs, productivity and",
"from the Ministry of Railways of the People’s",
"C20",
"Stockholm Metro vehicle, incorporating",
"improved project management should translate",
"Republic of China for 38 high-grade intercity ",
"FICAS technology, entered commercial service",
"into enhanced earnings power, as Bombardier",
"passenger cars. ",
"later in 2003. ",
"Transportation forges ahead with delivery of its",
"*",
"*",
"Noteworthy contract wins on the services side",
"Then there’s the Bombardier",
"$31.4-billion year-end backlog while pursuing ",
"Mitrac",
"energy-",
"included long-term vehicle maintenance agree-",
"profitable new business.",
"saving solution, based on high-performance dou-",
"ments with the Massachusetts Bay Transportation",
"ble-layer capacitors, which can reduce the energy",
"Authority and the Southern California Regional",
"consumption of a light rail system by up to 30%.",
"Railway Authority in the United States. In February",
"With the Mitrac energy saver solution, Bombardier",
"2004, subsequent to fiscal year end, a consortium",
"Transportation engineers overcame the chal-",
"comprised of Bombardier Transportation and",
"lenge of incorporating an energy recycling system",
"Patentes Talgo was selected by Spanish National",
"into a low-floor light rail system. ",
"Railways (RENFE) to maintain its fleet of 16 ",
"The group also has pioneered the first com-",
"**",
"AVE",
"mercial applications of the state-of-the-art Level 2",
"S 102 very high-speed trains for a period of ",
"European Rail Traffic Management System ",
"14",
"years. Bombardier’s share of that contract ",
"(ERTMS), which established a punctuality record",
"is valued at approximately $208 million. Work ",
"of close to 100% during a pilot project in Switzer-",
"also got underway during fiscal year 2004 on the ",
"Trademarks(s) of Bombardier Inc. or its subsidiaries.",
"*",
"land. The new ERTMS standard will considerably",
"early stages of the massive London Underground",
"AVE is a trademark of RENFE.",
"**"
] | train |
|
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"12",
"VORNADO REALTY TRUST",
"Corporate",
"Governance",
"It",
"is our foremost priority to conduct our business with ",
"front on the wide avenues. We expanded the site by",
"the",
"highest level of ethics and corporate responsibility—",
"building two, twenty foot high below-grade floors (nine",
"and",
"we do. Our trustees’ refined sense of right and wrong,",
"foot basements would not have worked), one of which",
"knowledge",
"of our business, questioning nature, devotion to",
"Sandeep leased to The Home Depot and the other was",
"and",
"ownership stake in Vornado are the foundation of our",
"leased to Bloomberg.",
"gover",
"nance.",
"The office component makes money, and also serves as a",
"■",
"W",
"e have now completed codification of our Corporate",
"pedestal 475 feet in the air on which sits the 23 story apart-",
"Gover",
"nance Program, putting us in compliance with the",
"ment component, creating towering views and terrific value.",
"applicable",
"securities laws and stock exchange requirements.",
"This",
"program included the adoption/amendment of charters,",
"In February 2004, Alexander’s completed a $400 million",
"guidelines",
"and codes which are all available on our ",
"ten-year financing of the office portion of the 59th Street",
"website.",
"In addition, our Board has determined that five",
"project, at a 5.33% interest rate. Thanks again Wendy.",
"existing",
"trustees, constituting a majority, are independent.",
"Last year’s annual letter had a section entitled “The Anti-",
"Our",
"Corporate Governance Committee and the Board",
"Reality Show Called Accounting.” Here’s another interesting",
"have",
"the following observations:",
"accounting quirk. Alexander’s has outstanding 100,000",
"Six of our nine Trustees have a nine-figure investment in",
"■",
"stock options and 850,000 stock appreciation rights (SARs)",
"Vornado and a seventh has an eight-figure investment—",
"at an average strike price of about $72. Accounting requires",
"extraordinary. And, believe me, these Trustees really care",
"that these SARs be marked-to-market ",
"each quarter",
". Let’s",
"about their investment.",
"look at the effect. Alexander’s trading price has been",
"bouncing around, but let’s assume a price of $150 per",
"Six of our nine Trustees are life-long real estate profes-",
"■",
"share, a price that exceeds the strike price by about $78.",
"sionals, which is very helpful. But, it should be noted that",
"Therefore, Alexander’s earnings has or will be charged",
"the Board believes that it would benefit from the addition ",
"about $66 million and Vornado’s share of this ",
"charge",
"is",
"of one or more generalist members.",
"about $22 million—all this at the same time Vornado is",
"Our Board believes it would benefit from a dose of youth.",
"■",
"enjoying a $129 million mark-to-market ",
"increase",
"in the value",
"Our Board thinks that it would be better to increase the",
"of its Alexander’s investment, which under today’s account-",
"■",
"current five to four ratio of independent to non-inde-",
"ing is ",
"not",
"reflected in earnings—strange.",
"pendent Trustees by adding one or two independent",
"T",
"rustees, and we will.",
"For the moment, our Board has determined to maintain ",
"■",
"its classified structure and that it is okay for me to serve",
"as Chairman and CEO.",
"(17)",
"(17)",
"On another governance matter, in 1998 Vornado",
"made a $50 million investment in Capital Trust (now reduced to $30 mil-",
"lion through repayment), a publicly-traded mezzanine lender",
"In connection therewith I was elected to the Capital Trust",
"Board representing Vornado. Because Vornado and Capital Trust",
"from time to time compete, I have decided not to stand",
"for re-election to the Capital Trust Board.",
"Further, it is our general policy that Vornado’",
"senior officers will not serve as directors of for-profit entities unless it",
"benefits Vornado."
] | train |
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] | [
"At or For the Years Ended December 31,",
"2002",
"2001",
"2000",
"1999",
"1998",
"(3)",
"Key Ratios ",
"Return on average assets",
"1.26%",
"1.02%",
"0.94%",
"0.70%",
"0.93%",
"Return on average equity",
"13.12 ",
"10.83 ",
"10.75 ",
"7.84 ",
"8.47 ",
"Equity to assets at end of period",
"8.89",
"9.42 ",
"9.10 ",
"8.59 ",
"8.84 ",
"Earning assets to interest-bearing liabilities",
"117.24",
"116.99 ",
"114.66 ",
"112.83 ",
"114.55 ",
"(4)",
"4.13",
"3.52 ",
"3.36 ",
"3.50 ",
"3.48 ",
"Interest rate spread ",
"(4)",
"(5)",
"Net interest margin (TE) ",
"4.49 ",
"4.11 ",
"3.95 ",
"3.96 ",
"4.03 ",
"Noninterest expense to average assets",
"3.01",
"2.94 ",
"2.87 ",
"3.31 ",
"3.11 ",
"(6)",
"Efficiency ratio ",
"56.85 ",
"60.02 ",
"61.99 ",
"70.81 ",
"66.22 ",
"(2)",
"(5)",
"Tangible efficiency ratio (TE) ",
"55.03 ",
"55.03 ",
"56.72 ",
"65.29 ",
"62.12 ",
"Dividend payout ratio",
"23.68",
"28.71 ",
"31.42 ",
"41.88 ",
"36.56 ",
"Asset Quality Data",
"Nonperforming assets to total assets",
"(7)",
"0.42%",
"0.91%",
"0.57%",
"0.24%",
"0.44%",
"at end of period ",
"Allowance for loan losses to nonperforming",
"(7)",
"loans at end of period ",
"301.64",
"159.86 ",
"135.78 ",
"279.25 ",
"124.37 ",
"Allowance for loan losses to total loans",
"at end of period",
"1.25",
"1.16 ",
"1.09 ",
"1.04 ",
"0.93 ",
"Consolidated Capital Ratios",
"Tier 1 leverage capital ratio",
"7.62%",
"6.95%",
"6.67%",
"6.26%",
"5.81%",
"Tier 1 risk-based capital ratio",
"10.66",
"9.96 ",
"10.05 ",
"9.42 ",
"9.89 ",
"Total risk-based capital ratio",
"11.89 ",
"11.09 ",
"11.19 ",
"10.43 ",
"10.80 ",
"(1)",
"Shares used for book value purposes exclude shares held in treasury and unreleased shares allocated to the Employee Stock Ownership Plan at the end of",
"the period.",
"(2)",
"Tangible calculations eliminate the effect of goodwill and acquisition related intangible assets and the corresponding amortization expense on a",
"tax-effected basis where applicable.",
"(3)",
"With the exception of end-of-period ratios, all ratios are based on average daily balances during the respective periods.",
"(4)",
"Interest rate spread represents the difference between the weighted average yield on earning assets and the weighted average cost of interest-bearing",
"liabilities. Net interest margin represents net interest income as a percentage of average earning assets.",
"(5)",
"Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a marginal tax rate of 35%.",
"(6)",
"The efficiency ratio represents noninterest expense as a percentage of total revenues. Total revenues is the sum of net interest income and noninterest",
"income.",
"(7)",
"Nonperforming loans consist of nonaccruing loans and loans 90 days or more past due. Nonperforming assets consist of nonperforming loans and",
"repossessed assets.",
"17"
] | train |
|
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737,
492,
782,
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212,
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479,
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525,
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577,
493,
600,
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630,
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654,
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886,
502,
909,
511
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816,
503,
856,
512
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503,
782,
513
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115,
504,
229,
516
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467,
504,
525,
516
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559,
504,
600,
516
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504,
654,
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514,
911,
523
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816,
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856,
525
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783,
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248,
528
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726,
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783,
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216,
590
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468,
578,
525,
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737,
587,
782,
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116,
589,
206,
599
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479,
589,
525,
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735,
598,
782,
607
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116,
600,
236,
613
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478,
600,
525,
613
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709,
611,
781,
620
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130,
612,
366,
626
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452,
612,
525,
626
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887,
636,
924,
645
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816,
637,
856,
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100,
639,
330,
652
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559,
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[
111,
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882,
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111,
831,
882,
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93,
847,
97,
860
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93,
847,
97,
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111,
847,
236,
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111,
847,
236,
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111,
853,
887,
867
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[
112,
866,
635,
877
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[
93,
964,
109,
973
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] | [
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] | [
"BOK FINANCIAL CORPORATION",
"Quarterly Financial Summary — Unaudited",
"Consolidated Daily Average Balances,",
"Average Yields and Rates",
"(Dollars in Thousands Except Per Share Data)",
"Three Months Ended",
"December 31, 2001",
"September 30, 2001",
"Average",
"Revenue/",
" Yield/",
"Average",
"Revenue/ ~ Yield/",
"Balance",
"Expense!",
"Rate",
"Balance",
"Expen se!",
"Rate",
"Assets",
"6.18%",
"$44,705",
"$2,869,680",
"Taxable securities",
"$3,177,731",
"$45,777",
"5.72%",
"6.80",
"4,554",
"265,608",
"Tax-exempt securities",
"238,634",
"4,274",
"7.11",
"6.23",
"49,259",
"3,135,288",
"Total securities",
"3,416,365",
"50,051",
"5.81",
"5.36",
"223",
"16,498",
"Trading securities",
"22,508",
"245",
"4.32",
"3.62",
"130",
"14,229",
"Funds sold",
"14,362",
"85",
"2.35",
"7.41",
"114,165",
"6,065,512",
"Loans“",
"6,203,512",
"99,643",
"6.37",
"93,884",
"Less reserve for loan losses",
"99,541",
"-",
"7:58",
"114,165",
"5,971,628",
"99,643",
"6.48",
"Loans, net of reserve",
"6,103,971",
"A",
"7:4",
"9,137,643",
"163,777",
"Total earning assets",
"9,557,206",
"150,024",
"6.23",
"1,007,684",
"Cash and other assets",
"1,008,111",
"$10,145,327",
"Total assets",
"$10,565,317",
"Liabilities and Shareholders’ Equity",
"2.08%",
"11,917",
"$ 2,278,393",
"Transaction deposits",
"$ 2,429,978",
"9,933",
"1.62%",
"1.46",
"575",
"155,908",
"Savings deposits",
"158,040",
"489",
"1.23",
"5.01",
"38,287",
"3,030,759",
"Other time deposits",
"2,839,770",
"30,744",
"4.30",
"3.69",
"50,779",
"5,465,060",
"Total interest-bearing",
"deposits",
"5,427,788",
"41,166",
"3.01",
"3.57",
"12,976",
"1,440,556",
"Federal funds purchased and repurchase agreements",
"1,701,655",
"8,813",
"2.05",
"4.17",
"10,711",
"1,019,123",
"Other borrowed funds",
"1,088,792",
"8,460",
"3.08",
"6.10",
"2,871",
"186,631",
"Subordinated debenture",
"186,409",
"2,764",
"5.88",
"3.78",
"77,337",
"8,111,370",
"Total interest-bearing liabilities",
"8,404,644",
"61,203",
"2.89",
"1,093,442",
"Demand deposits",
"1,150,498",
"143,298",
"Other liabilities",
"174,891",
"797,217",
"Shareholders” equity",
"835,284",
"$10,145,327",
"Total liabilities and shareholders equity",
"$10,565,317",
"3.33%",
"86,440",
"Tax-equivalent Net Interest Revenue",
"88,821",
"3.34%",
"3.75",
"Tax-equivalent Net Interest Revenue to Earning Assets",
"3.69",
"1,914",
"Less tax-equivalent adjustment",
"1,802",
"84,526",
"Net Interest Revenue",
"87,019",
"11,023",
"Provision for loan losses",
"10,517",
"76,091",
"Other operating reventie",
"55,260",
"103,591",
"Other operating expense",
"84,801",
"46,003",
"Income before taxes",
"46,961",
"16,216",
"Federal-and state income tax",
"16,829",
"$ 29,787",
"Net Income",
"$ 30,132",
"Earnings Per Average Common Share Equivalent:",
"Net:income:",
"Basic",
"$0.58",
"$0.58",
"Diluted",
"$0.52",
"$0.51",
"een een EEE irn TnnErEe naar",
"’",
"’",
"Tax equivalent at the statutory federal and state rates of 38.9% for the periods presented. The taxable equivalent adjustments ‘shown are for",
"Tax equivalent at the statutory federal and state rates of 38.9% for the periods presented. The taxable equivalent adjustments ‘shown are for",
"5",
"5",
"comparative purposes.",
"comparative purposes.",
"The loan averages included loans on which the accrual of interest has been discounted and are stated net of unearned income. See Note 1 of",
"Notes to the Consolidated Financial Statements for a description of income recognition policy.",
"62"
] | train |
|
[
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45
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257,
165
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[
480,
152,
583,
165
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582,
152,
599,
165
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[
60,
192,
424,
202
],
[
480,
192,
502,
202
],
[
590,
192,
862,
202
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"10",
"VORNADO REALTY TRUST",
"Real Estate Lending",
"Alexander’",
"s ",
"We like the real estate lending business. From time to",
"This",
"year Alexander’s deserves its own section. And this",
"time, we provide real estate financing on assets that we",
"year",
"we intend, in conjunction with Alexander’s Board of",
"understand as well as the assets we own.",
"Dir",
"ectors, to determine the end game for this investment",
"which",
"may include selling it, or simply leaving it to seek its",
"Mike and I twice declined to buy New York’s General",
"natural",
"value as a free standing, separately traded REIT, as",
"Motors Building for about $800 million, in 1998 and again",
"it",
"now is, or other options. ",
"in 2000. In September 2003, the General Motors Building",
"sold for $1.4 billion to a private New York investor. We bid",
"Vo",
"rnado owns 1,654,000 shares of Alexander’s, Inc., a",
"$1.2 billion. This time around, we participated in the",
"33%",
"stake in this NYSE-listed REIT. The shares, which",
"financing of this deal by lending $225 million of mezzanine",
"had",
"a value of $65 on January 1, 2003 are trading now at",
"at an average rate of LIBOR plus 8.833% subordi-",
"debt",
"about",
"$150, making Vornado’s equity investment worth",
"(11)",
"which, when taken together with",
"nate to $900 million of senior debt. (See Note 3 to the",
"$248",
"million at market",
"(12)",
"Vo",
"rnado’s $124 million loan to Alexander’s, represents a",
"Financial Statements for the full details of this investment.)",
"total",
"investment of $372 million. ",
"Recently, the borrower began discussions with us about",
"prepaying/recasting a portion of the loan.",
"Alexander’",
"s has no corporate level employees. Vornado",
"serves",
"as its for-fee external manager, leasing agent,",
"developer",
", etc.",
"(11)",
"In",
"real estate, mezzanine debt is that tranche(s) of below investment grade debt which is junior to the",
"secured",
"debt. It is not secured by the real estate, per se, but by pledge of the partnership interests ",
"of the owning entity.",
"(12)",
"Our original cost for these shares is $70 million."
] | train |
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"en plus d’être 21 % moins élevés que ceux de l’exercice précédent. Par contre, le prix",
"de détail des produits laitiers n’a pas reflété cette chute et la consommation américaine",
"est restée plutôt stable. En dépit de ces conditions défavorables, la division Fromage",
"(États-Unis) a connu une croissance de ses volumes de ventes de 9,5 %. Environ 4 % de",
"cette hausse est attribuable à l’usine de Whitehall, acquise en mars 2002. Le reste de la",
"croissance est imputable aux efforts internes déployés. La plupart des catégories de produits",
"que nous fabriquons ont progressé au cours de l’exercice 2003.",
"Avec des marques réputées telles que ",
"Frigo, Stella, Dragone ",
"et",
"Frigo Cheese Heads",
",",
"la marque de fromage à effilocher la plus populaire des États-Unis avec sa part de marché",
"de 23,8 %",
", le segment du ",
"détail",
"compte pour 28 % de notre volume de ventes américain.",
"1",
"Ce segment montre une hausse de 9,4 % en comparaison de l’exercice 2002. Le segment",
"du détail est dominé par des marques reconnues par les consommateurs. La progression",
"des ventes est souvent le résultat des promotions au point de vente et du soutien",
"de la marque. Afin d’accroître la pénétration et les ventes de fromage à effilocher ",
"Frigo",
"Cheese Heads",
", en juillet, nous avons commencé la production des quelques 8 millions",
"d’emballages de la promotion «",
"Frigo Cheese Heads Spongebob Squarepants",
"». Cette",
"promotion nous a permis de connaître, en septembre, la meilleure saison de rentrée",
"scolaire de notre histoire. En janvier dernier, nous avons lancé notre nouvel assortiment",
"de fromages à effilocher et avons entrepris la production des emballages pour notre",
"promotion avec les super héros Marvel. Plus de 100 millions d’unités individuelles ont",
"été produites au cours de la promotion. Nous avons de plus lancé plusieurs",
"nouveaux produits au cours de l’exercice 2003, dont la garniture de fromage italien",
"râpé ",
"Frigo Parmazest!",
".",
"Le segment de la ",
"restauration",
"représente 39 % de notre volume de ventes aux États-Unis.",
"Le volume de ce segment a augmenté de 13,1 % par rapport au volume de l’exercice",
"précédent. Les principales occasions de croissance sont dans la catégorie des fromages",
"de spécialité et nous observons une augmentation de la consommation de pizzas.",
"De plus en plus de pizzerias utilisent ou ajoutent des mélanges de fromages à leur mets.",
"Quant aux fromages de spécialité tels que le bleu, le gorgonzola, l’asiago et la feta,",
"ils sont employés comme garniture dans les salades, les burgers et les sandwichs ainsi",
"qu’avec les steaks. De plus, plusieurs restaurants offrent maintenant des plateaux",
"de fromages.",
"À la fin de l’exercice 2002, nous avons lancé le nouveau produit ",
"Saputo Premium",
", conçu",
"pour le marché des pizzerias indépendantes et les établissements familiaux. Notre",
"initiative fut couronnée de succès et nous a permis de connaître une croissance importante",
"avec les distributeurs indépendants. Nous avons également augmenté notre chiffre",
"d’affaires avec les distributeurs de gammes complètes de produits. Nous avons réalisé",
"cette croissance en développant nos affaires auprès de nos clients, actuels et nouveaux,",
"tout en répondant aux besoins spécifiques de nos clients nationaux. Les mouvements",
"de consolidation chez les clients et dans l’industrie nous sont profitables et, à notre avis,",
"continueront de l’être étant donné qu’ils ouvrent de plus en plus grande la porte aux",
"fournisseurs de produits de qualité et d’envergure nationale, deux situations dont nous",
"pouvons bénéficier.",
"Le segment ",
"industriel",
", qui représente 33 % de nos ventes aux États-Unis, a connu une",
"hausse de 5,4 % par rapport à l’exercice 2002. Dans ce segment, nous avons renforcé",
"nos relations d’affaires existantes, en plus d’en développer de nouvelles. Tout au long",
"de l’exercice 2003, nous avons réalisé des gains importants dans plusieurs catégories",
"de produits, notamment dans celles de la ricotta pour les mets préparés et du provolone",
"en tranches pour les sandwicheries.",
"Notre gamme de produits comprend des produits qui découlent de la production",
"du fromage, qui sont pour la plupart des dérivés du lactosérum, ainsi qu’une foule",
"d’autres produits tels que du lait condensé sucré et du lait de poule. Dans cette catégorie,",
"les volumes de ventes et les prix varient selon les types de produits. L’instabilité du marché",
"mondial a durement affecté le prix des sous-produits, au point de leur faire connaître",
"des bas historiques. Nous continuons de gérer cette sphère de nos activités en nous",
"concentrant pleinement sur les produits à valeur ajoutée. Nous devons également nous",
"maintenir au premier plan de tous les nouveaux développements de ce segment, sans pour",
"autant négliger notre efficacité. Dans cette optique, l’investissement d’environ 3 millions",
"de dollars que nous avons fait dans Gallo Protein 2003, LLC, après la fin de l’exercice,",
"devrait nous permettre de maximiser encore davantage le rendement des sous-produits",
"que nous tirons de notre production de fromage.",
"Information Resources Inc. – 30 mars 2003 (52 semaines)",
"1",
"Analyse par la direction",
"21"
] | train |
|
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616
],
[
822,
606,
853,
616
],
[
894,
606,
925,
616
],
[
116,
614,
489,
627
],
[
541,
614,
679,
627
],
[
740,
625,
778,
635
],
[
815,
625,
853,
635
],
[
887,
625,
925,
635
],
[
104,
633,
477,
646
],
[
552,
633,
927,
646
],
[
270,
650,
413,
661
],
[
104,
652,
476,
664
],
[
541,
652,
927,
664
],
[
290,
670,
559,
681
],
[
757,
670,
778,
681
],
[
833,
670,
853,
681
],
[
904,
670,
925,
681
],
[
104,
670,
433,
683
],
[
541,
670,
930,
683
],
[
290,
689,
451,
700
],
[
116,
689,
496,
702
],
[
541,
689,
926,
702
],
[
757,
690,
778,
700
],
[
833,
690,
853,
700
],
[
904,
690,
925,
700
],
[
104,
708,
491,
721
],
[
541,
708,
938,
721
],
[
290,
709,
323,
720
],
[
757,
709,
778,
719
],
[
839,
709,
853,
719
],
[
904,
709,
925,
719
],
[
104,
727,
491,
739
],
[
541,
727,
887,
739
],
[
270,
837,
285,
847
],
[
289,
837,
879,
847
],
[
104,
839,
485,
852
],
[
290,
851,
912,
861
],
[
104,
858,
478,
871
],
[
290,
865,
436,
875
],
[
104,
877,
274,
889
],
[
270,
885,
285,
895
],
[
288,
885,
918,
895
],
[
116,
895,
507,
908
],
[
290,
899,
910,
909
],
[
290,
913,
755,
923
],
[
104,
914,
490,
927
]
] | [
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2
] | [
"Financial and Operational Highlights",
"Financial Highlights",
"2004",
"2003 ",
"2002",
"Revenue (in millions)$^{(1)}$ ",
"19,193",
"18,737",
"18,900",
"$^{(2)}$ ",
"EBITDA (in millions)",
"7,564",
"7,410",
"7,384",
"Operating income (in millions)",
"2,976",
"4,121",
"3,625",
"Net earnings applicable to common shares (in millions)",
"2,342",
"1,523",
"1,744",
"Net earnings per common share ",
"1.65",
"1.90",
"2.66",
"Net debt (in millions)",
"12,705",
"13,315",
"15,158",
"Net debt to capitalization ratio ",
"42.8%",
"44.0%",
"48.4%",
"Free cash flow (in millions)$^{(2)}$",
"898",
"1,589",
"(783)",
"Cash from operating activities (in millions)",
"5,519",
"5,968",
"4,424",
"Capital expenditures (in millions)",
"3,364",
"3,167",
"3,709",
"Capital intensity ",
"17.5%",
"16.9%",
"19.6%",
"Operational Highlights",
"2004",
"2003 ",
"2002",
"of the most important activities a family does together. So ",
"common characteristic – to go unnoticed and compromise ",
"what we want to do is provide products and services that ",
"your privacy and security. They’re called viruses, spyware, ",
"Customer connections (thousands)",
"will improve their TV experience. ",
"and adware and, as one study concludes, 91% of computers ",
"Local telephone",
"12,905",
"13,051",
"13,154",
"By partnering with Microsoft, we are able to blend our key ",
"have at least one of them.",
"Cellular and personal communications (PCS)",
"4,925",
"4,412",
"3,898",
"strengths to deliver a powerful television viewing experience ",
"In June 2004, Sympatico rapidly became Canada’s most ",
"Paging",
"427",
"524",
"639",
"called IPTV. Television is no longer an asymmetrical medium ",
"popular website - reaching nearly 90% of Canadians with ",
"High-speed Internet access ",
"1,808",
"1,458",
"1,100",
"subject only to what is playing at that time. It is on demand ",
"online access. It is also serves as the most popular Internet ",
"Dial-up Internet access ",
"743",
"869",
"957",
"television – an integration between the navigation qualities of ",
"Service Provider with nearly X% more than its nearest ",
"Video",
"1,503",
"1,387",
"1,304",
"the Internet and what we watch on TV.",
"competitor. By being at the forefront of Canadian Internet, ",
"Digital equivalent access lines ",
"4,335",
"3,867",
"3,683",
"In order to deliver the power of IPTV into the home, we ",
"comes responsibility. ",
"26,646",
"25,568",
"24,735",
"utilized other new innovations such as Fibre-to-the-node ",
"Undaunted, we’ve responded by introducing the industry’s ",
"Net activations (thousands)",
"(FTTN) that enables us to deliver massive bandwidth to ",
"leading security solutions to our Sympatico subscribers. Top-",
"Cellular and personal communications (PCS)",
"513",
"514",
"452",
"homes through an ordinary copper telephone wire.",
"of-the-line security features such as e-mail anti-spam, e-mail ",
"High-speed Internet access ",
"What does this mean to the consumer? These capabilities ",
"anti-virus, anti-spyware and parental control features. We’ve ",
"350",
"358",
"343",
"together give consumers a level of choice they’ve never had ",
"also led an extensive information campaign helping web users ",
"Video",
"116",
"83",
"235",
"before. But it’s relevant choice. Choice over content. Choice ",
"understand how to develop safe and secure web habits.",
"(1)",
"Our financial results in 2004 and 2003 exclude the financial results of the directories business, which we sold in November 2002. ",
"you told him in the past. You can also use IPTV to freely ",
"Our financial results before that date include those of that business. In 2002, the directories business contributed $501 million of revenues ",
"exchange content from one medium to another – such as ",
"and $311 million of EBITDA. ",
"photos stored on your PC.",
"(2)",
"The terms EBITDA (Earnings before interest, taxes, depreciation and amortization) and free cash flow do not have a standardized meaning ",
"All told, IPTV serves as one piece of the greater broadband ",
"prescribed by Canadian generally accepted accounting principles (GAAP) and may not be comparable to similar measures presented by other",
"publicly traded companies. Refer to pages 32 to 34 of this Annual Report for a description of these terms.",
"home picture and is indicative of what potential lies ahead."
] | train |
|
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[
261,
48,
265,
55
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[
69,
49,
261,
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[
69,
104,
164,
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[
502,
104,
866,
114
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[
69,
118,
473,
128
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[
502,
119,
883,
129
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[
69,
133,
481,
143
],
[
502,
134,
878,
144
],
[
69,
148,
445,
158
],
[
502,
149,
899,
159
],
[
69,
163,
481,
173
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[
502,
164,
837,
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],
[
69,
179,
424,
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],
[
525,
180,
900,
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],
[
69,
194,
425,
204
],
[
502,
195,
873,
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[
69,
209,
446,
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[
502,
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889,
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[
69,
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476,
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[
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[
69,
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473,
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[
502,
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914,
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[
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479,
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502,
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[
69,
269,
458,
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[
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[
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[
69,
337,
196,
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[
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337,
408,
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],
[
436,
337,
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[
507,
337,
572,
345
],
[
600,
337,
647,
345
],
[
684,
337,
730,
345
],
[
776,
337,
809,
345
],
[
856,
337,
893,
345
],
[
69,
353,
163,
363
],
[
69,
371,
168,
381
],
[
69,
389,
269,
399
],
[
69,
420,
252,
429
],
[
69,
437,
282,
447
],
[
69,
454,
187,
464
],
[
69,
472,
152,
482
],
[
69,
520,
122,
530
],
[
69,
538,
267,
547
],
[
69,
555,
187,
565
],
[
69,
575,
333,
582
],
[
69,
642,
236,
650
],
[
441,
642,
475,
650
],
[
510,
642,
545,
650
],
[
580,
642,
614,
650
],
[
69,
661,
191,
669
],
[
69,
673,
158,
683
],
[
435,
674,
475,
683
],
[
505,
674,
544,
683
],
[
575,
674,
614,
683
],
[
69,
687,
162,
697
],
[
448,
688,
475,
697
],
[
518,
688,
544,
697
],
[
587,
688,
614,
697
],
[
69,
701,
251,
711
],
[
448,
702,
475,
711
],
[
518,
702,
544,
711
],
[
587,
702,
614,
711
],
[
436,
721,
474,
729
],
[
506,
721,
544,
729
],
[
576,
721,
614,
729
],
[
69,
740,
257,
748
],
[
69,
753,
269,
762
],
[
448,
753,
475,
762
],
[
518,
753,
544,
762
],
[
587,
753,
614,
762
],
[
69,
767,
180,
776
],
[
457,
767,
475,
776
],
[
512,
767,
544,
776
],
[
587,
767,
614,
776
],
[
69,
781,
147,
790
],
[
466,
781,
474,
790
],
[
535,
781,
544,
790
],
[
596,
781,
614,
790
],
[
448,
800,
474,
809
],
[
521,
800,
544,
809
],
[
588,
800,
614,
809
],
[
69,
819,
185,
828
],
[
69,
832,
256,
842
],
[
448,
833,
475,
842
],
[
518,
833,
544,
842
],
[
587,
833,
614,
842
],
[
69,
846,
180,
856
],
[
457,
847,
475,
856
],
[
527,
847,
544,
856
],
[
596,
847,
614,
856
],
[
69,
860,
118,
869
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[
457,
861,
475,
869
],
[
535,
861,
544,
869
],
[
596,
861,
614,
869
],
[
69,
874,
184,
883
],
[
469,
875,
474,
883
],
[
538,
875,
544,
883
],
[
587,
875,
614,
883
],
[
448,
893,
474,
902
],
[
518,
893,
544,
902
],
[
588,
893,
614,
902
],
[
436,
912,
474,
921
],
[
506,
912,
544,
921
],
[
576,
912,
614,
921
],
[
69,
913,
243,
921
],
[
502,
959,
686,
966
],
[
704,
959,
716,
966
],
[
69,
960,
473,
967
],
[
73,
969,
332,
975
]
] | [
6,
6,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
5,
5,
2,
2
] | [
"1",
"PRODUCT LINE OVERVIEW",
"SUPERVISION",
"affiliations between the insurance companies and other",
"Individual companies in the AEGON Group are each subject to",
"entities in the group. In this respect, AEGON is required to",
"solvency supervision in their respective home countries. Based",
"submit reports to the PVK twice a year setting out all the",
"on European Commission legislation (Directive 98/79/EC)",
"significant transactions and positions between the insurance",
"adopted in 1998, the supervisory authorities in the Netherlands",
"and non-insurance companies in the AEGON Group.",
"(Pensioen- en Verzekeringskamer, or PVK) are, as lead",
"Both the insurance and banking companies in the AEGON",
"supervisors, also required to carry out ‘supplementary",
"Group are also required to maintain a minimum solvency",
"supervision’. The supplementary supervision of insurance",
"margin based on local requirements. The required solvency",
"companies in an insurance group enables the lead supervisors",
"margin is the sum of the margins of each of AEGON’s",
"to make a detailed assessment of the financial position of the",
"insurance and banking subsidiaries, based on the requirements",
"insurance companies that are part of that group. The Directive",
"of European directives. Available liability capital includes",
"requires the PVK to take into account the relevant financial",
"shareholders’ equity, capital securities and subordinated loans.",
"United",
"GENERAL ACCOUNT",
"United States",
"Canada",
"Netherlands",
"Kingdom",
"Hungary",
"Spain ",
"Taiwan",
"Traditional life",
"Fixed annuities",
"GICs and funding agreements*",
"ACCOUNT OF POLICYHOLDERS",
"Life for account of policyholders",
"Variable annuities",
"Fee business",
"Banking",
"Accident and health insurance",
"General insurance",
"*Also distributed internationally from the United States",
"EARNINGS CONTRIBUTION ",
"2003",
"2002",
"2001",
"GENERAL ACCOUNT",
"Traditional life",
"1,218",
"1,457",
"1,557",
"Fixed annuities",
"334",
"174",
"358",
"GICs and funding agreements",
"213",
"272",
"215",
"1,765",
"1,903",
"2,130",
"ACCOUNT OF POLICYHOLDERS",
"Life for account of policyholders",
"378",
"371",
"632",
"Variable annuities",
"63",
"–462",
"120",
"Fee business",
"6",
"2",
"94",
"447",
"–89",
"846",
"OTHER ACTIVITIES",
"Accident and health insurance",
"283",
"278",
"209",
"General insurance",
"61",
"62",
"67",
"Banking",
"20",
"8",
"45",
"Book profit Mexico",
"–",
"–",
"343",
"364",
"348",
"664",
"2,576",
"2,162",
"3,640",
"TOTAL INCOME BEFORE TAX",
"AEGON GROUP ANNUAL REPORT 2003",
"46",
"$^{1}$Income before tax in this section refers to income before tax excluding interest charges and",
"other and the income of Transamerica Finance Corporation."
] | train |
|
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[
151,
74,
415,
96
],
[
684,
74,
828,
96
],
[
146,
138,
335,
151
],
[
146,
154,
502,
166
],
[
146,
183,
269,
196
],
[
487,
183,
518,
196
],
[
505,
183,
543,
196
],
[
616,
183,
661,
196
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[
731,
183,
778,
196
],
[
855,
183,
896,
196
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[
204,
204,
216,
213
],
[
146,
206,
204,
218
],
[
478,
206,
543,
218
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[
596,
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661,
218
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[
714,
206,
778,
218
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[
831,
206,
896,
218
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[
146,
221,
224,
233
],
[
487,
221,
543,
233
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[
605,
221,
661,
233
],
[
722,
221,
778,
233
],
[
840,
221,
896,
233
],
[
146,
252,
352,
263
],
[
156,
267,
347,
278
],
[
162,
282,
196,
293
],
[
504,
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543,
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[
622,
282,
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],
[
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282,
778,
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[
866,
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[
162,
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],
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[
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[
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[
146,
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269,
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[
487,
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518,
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543,
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],
[
616,
331,
661,
344
],
[
731,
331,
778,
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[
855,
331,
896,
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[
146,
354,
203,
365
],
[
478,
354,
543,
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[
596,
354,
661,
365
],
[
714,
354,
778,
365
],
[
831,
354,
896,
365
],
[
146,
369,
224,
380
],
[
487,
369,
543,
380
],
[
605,
369,
661,
380
],
[
722,
369,
778,
380
],
[
840,
369,
896,
380
],
[
146,
399,
382,
411
],
[
156,
414,
318,
426
],
[
162,
430,
196,
441
],
[
504,
430,
543,
441
],
[
622,
430,
661,
441
],
[
740,
430,
778,
441
],
[
857,
430,
896,
441
],
[
162,
445,
211,
456
],
[
504,
445,
543,
456
],
[
622,
445,
661,
456
],
[
740,
445,
778,
456
],
[
857,
445,
896,
456
],
[
534,
480,
569,
493
],
[
143,
480,
514,
492
],
[
143,
495,
514,
507
],
[
534,
496,
905,
507
],
[
143,
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[
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6,
8,
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9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
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9,
9,
9,
8,
10,
10,
10,
10,
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"MANAGEMENT’S",
"DISCUSSION AND ANALYSIS",
"SUMMARY OF QUARTERLY RESULTS",
"(In thousands of dollars except for per share amounts)",
"2004 QUARTER ENDED",
"MARCH",
"31",
"JUNE 30",
"SEPT. 30",
"DEC. 31",
"12",
"Revenue",
"$361,748",
"$399,038",
"$366,540",
"$414,523",
"Net income",
"$23,038",
"$35,764",
"$11,309",
"$42,592",
"Net income per Class A voting ",
"and Class B non-voting share",
"Basic",
"$0.29",
"$0.45",
"$0.14",
"$.54",
"Diluted",
"$0.29",
"$0.44",
"$0.14",
"$.54",
"2003 QUARTER ENDED",
"MARCH",
"31",
"JUNE 30",
"SEPT. 30",
"DEC. 31",
"Revenue",
"$353,173",
"$379,256",
"$368,040",
"$387,840",
"Net income",
"$25,115",
"$38,330",
"$29,715",
"$30,355",
"Net income per Class A voting and ",
"Class B non-voting share",
"Basic",
"$0.33",
"$0.50",
"$0.38",
"$0.39",
"Diluted",
"$0.32",
"$0.49",
"$0.38",
"$0.38",
"OTHER",
"The summary of quarterly results illustrates the cyclical",
"nature of revenues and operating profit in the Newspaper",
"At January 31, 2005, Torstar had 9,918,475 Class A voting",
"Segment.",
"The",
"shares and 68,255,928 Class B non-voting shares ",
"for the daily newspapers. The weekly and community",
"outstanding. More information on Torstar share capital is",
"newspapers tend",
"to",
"provided in Note 8 of the consolidated financial statements.",
"during the year.",
"At January 31, 2005, Torstar had 5,580,493 options ",
"Unusual income and losses have impacted the level of",
"to purchase Class B non-voting shares outstanding to",
"net income in several quarters. In 2003, the first and",
"executives and non-executive directors. More information",
"second quarters had unusual income of $2.1 million and",
"on Torstar’s stock option plan is provided in Note 9 of",
"$5.0 million respectively and the fourth quarter had an",
"the consolidated financial statements.",
"unusual loss of $7.8 million. In 2004, the third quarter",
"Additional information relating to Torstar including the",
"had an unusual loss of $12.3 million.",
"Annual Information Form is available on SEDAR at",
"www.sedar.com.",
"SUBSEQUENT EVENTS",
"On January 14, 2005, Torstar",
"completed",
"the sale of ",
"Dated: February 23, 2005. ",
"the land and building that had been previously been",
"occupied",
"by",
"The Record in Kitchener for proceeds ",
"of $5.8 million. Torstar",
"will",
"report an unusual gain ",
"of $1.3 million in the first quarter of 2005.",
"$^{12}$Quarterly",
"revenue has been restated from that previously presented to reflect the change in accounting for circulation revenue. ",
"42",
"TORSTAR 2004"
] | train |
|
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"partnering for the future",
"Millions of metric tons",
"Millions of metric tons",
"Millions of metric tons",
"125",
"150",
"25",
"20",
"100",
"125",
"15",
"75",
"100",
"10",
"50",
"5",
"75",
"00/01",
"01/02",
"02/03 03/04 04/05",
"00/01",
"01/02",
"02/03 03/04 04/05",
"2000",
"2001",
"2002",
"2003",
"2004",
"global soybean meal ",
"global vegetable oil ",
"brazilian npk ",
"1",
"1",
"2",
"consumption",
"consumption",
"fertilizer sales",
"Their geographic proximity make them ideal export destinations ",
"for Eastern Europe.",
"Effi cient logistics are essential to unlocking Eastern Europe’s ",
"potential. Since the beginning of 2004, we have improved Bunge’s ",
"position in the region’s ports. We built a grain terminal in Liepaja, ",
"Latvia; purchased one in Rostov, Russia; and signed throughput ",
"agreements with facilities in Iliychevsk, Ukraine, and Constanza, ",
"Romania. Together with our existing terminal in Derince, Turkey, ",
"these assets and agreements form a network that improves ",
"Bunge’s ability to handle trade to and from Eastern Europe.",
"We have also expanded our origination operations by",
"acquiring grain elevators in Ukraine and Romania.",
"Eastern Europe also benefi ts from growth in demand. Per ",
"capita vegetable oil consumption is increasing in the region. ",
"Bunge established a market-leading position with our 2002 ",
"acquisition of Cereol, and we built upon this foundation in 2004.",
"Through a joint venture, we purchased Kama Foods and ",
"strengthened our crushing and refi ning operations in Poland. ",
"We broadened our product portfolio by acquiring exclusive rights ",
"to Ideal™, a premium ",
"sunflower oil brand, ",
"Liepaja",
"in Russia and the CIS ",
"states; and in early ",
"2005, we started ",
"work on a multi-seed ",
"Rostov",
"Iliychevsk",
"Constanza",
"crushing plant in ",
"could rise to a level between 30 and 40 million metric tons ",
"Iliychevsk, Ukraine ",
"per annum by 2013–up from an average of around seven ",
"Derince",
"that will help to ",
"million tons between 1996 and 2000.",
"supply our bottled ",
"The Middle East and North Africa will help fuel this growth. ",
"oil business in ",
"These regions already are large grain importers, and their ",
"the region.",
"eastern european trade fl ows",
"population and GDP growth rates are above world averages. ",
"$^{1 }$USDA (represents Oct. to Sept. marketing years; 2004/05 estimated); $^{2}$ ANDA",
"9"
] | train |
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"DIRECTORS",
"RICHARD SANDS",
"Chairman of the Board and Chief Executive Officer, Constellation Brands, Inc.",
"ROBERT SANDS",
"President and Chief Operating Officer, Constellation Brands, Inc.",
"GEORGE BRESLER (3)",
"Senior Counsel of the law firm of Kurzman Eisenberg Corbin Lever & Goodman, LLP",
"JEANANNE K. HAUSWALD (1,2,3)",
"retired from The Seagram Company Ltd.",
"JAMES A. LOCKE III (3)",
"Partner of the law firm of Nixon Peabody LLP",
"THOMAS C. MCDERMOTT (1,2,3)",
"Chairman of GPM Associates, LLP",
"PAUL L. SMITH (1,2,3)",
"retired from Eastman Kodak Company",
"EXECUTIVE OFFICERS",
"RICHARD SANDS",
"Chairman of the Board and Chief Executive Officer, Constellation Brands, Inc.",
"ROBERT SANDS",
"President and Chief Operating Officer, Constellation Brands, Inc.",
"F.",
"PAUL HETTERICH",
"Executive Vice President, Business Development and Corporate Strategy, Constellation Brands, Inc.",
"THOMAS J. MULLIN",
"Executive Vice President and General Counsel, Constellation Brands, Inc.",
"THOMAS S. SUMMER",
"Executive Vice President and Chief Financial Officer, Constellation Brands, Inc.",
"W.",
"KEITH WILSON",
"Executive Vice President and Chief Human Resources Officer, Constellation Brands, Inc.",
"ALEXANDER L. BERK*",
"Chief Executive Officer, Constellation Beers and Spirits",
"STEPHEN B. MILLAR*",
"Chief Executive Officer, Constellation Wines",
"(1)",
"Member of Audit Committee",
"(2)",
"Member of Human Resources Committee",
"(3)",
"Member of Corporate Governance Committee",
"* Mr. Berk is employed by Barton Incorporated and Mr. Millar is employed by Hardy Wine Company Limited",
"81"
] | train |
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"de ces ingrédients à l’ensemble de l’industrie alimentaire. Le prix des sous-produits",
"est déterminé par le marché international. La baisse des prix du concentré de protéines",
"de lactosérum et de l’ensemble des sous-produits, causée par la surabondance de lait",
"dans le système laitier mondial par rapport aux niveaux de l’exercice 2002, a eu un impact",
"négatif sur nos revenus en comparaison de ceux de l’exercice précédent.",
"Les revenus de la ",
"division Lait",
"se sont élevés à 878,0 millions de dollars, une hausse",
"de 3,8 % par rapport aux 845,5 millions de dollars de l’exercice 2002. ",
"Nos revenus ont connu une légère hausse, causée en partie par l’augmentation annuelle",
"Division Lait",
"Division Lait",
"du prix du lait qui s’est traduite en une augmentation des prix de vente. Bien que le marché",
"Revenus par segment de marché (%)",
"Revenus par segment de marché (%)",
"canadien du lait soit plutôt stable, nous avons réussi à accroître nos parts de marché",
"dans des catégories clés telles que le yogourt, la crème, la crème sûre et les crèmes",
"à café aromatisées, en portant une attention spéciale à notre marketing et à nos services",
"79",
"79",
"%",
"%",
"de distribution. Pour ce qui est du lait nature, nous avons maintenu nos parts de marché",
"Détail",
"Détail",
"dans l’Ouest canadien, en Ontario et dans les Maritimes, en plus d’augmenter notre part",
"de marché au Québec.",
"Nous avons lancé des produits à plus forte marge dans la catégorie des yogourts et dans",
"celle du lait haut de gamme. En tout, nous avons introduit huit nouveaux produits sur",
"21",
"21",
"%",
"%",
"le marché afin que notre offre de produits soit plus complète. Notre service marketing",
"s’est consacré à bâtir la valeur de nos marques et à stimuler la croissance des ventes",
"Restauration ",
"Restauration ",
"en investissant dans des produits de marque à plus forte marge, comme cela fut fait,",
"par exemple, pour le lancement d’une gamme de yogourts ",
"Vanille Classique,",
"avec une",
"hausse des volumes et des parts de marché. Nous avons également investi davantage dans",
"1",
"la gamme de crèmes à café aromatisées",
"International Delight",
"qui affiche année après",
"année une croissance de plus de 20 % et qui demeure un leader de cette catégorie en",
"pleine croissance. Le développement de la gamme de produits en format individuel",
"Milk 2 Go",
"a résulté en une croissance notable des volumes de ventes et des marges. De plus,",
"nous avons apporté des améliorations à nos contenants de lait (bec verseur, bouteille",
"de plastique) pour le centre du Canada et les Maritimes. Notre groupe de recherche",
"et développement se rapporte maintenant à notre service de marketing. Ses ressources",
"spécialisées ont pour mission de développer de nouveaux produits innovateurs et",
"de réduire le coût de nos produits. Enfin, nous avons créé un système de commande",
"en ligne pour nos clients qui se branchent avec nous via Internet.",
"Au Québec et en Ontario, nous avons structuré des équipes de ventes et de l’exploitation",
"améliorées et capables de nous permettre d’atteindre nos objectifs de croissance dans",
"le centre du Canada, tout en aidant nos grands clients nationaux à rencontrer leurs",
"propres exigences de croissance.",
"Durant l’année financière 2003, nos équipes de ventes et de distribution se sont adaptées",
"aux changements importants qui ont eu cours dans le segment national de la restauration.",
"Nous avons été en mesure de conclure des ententes à long terme avec de nouveaux",
"clients. Nous avons aussi lancé des produits à plus longue durée de conservation, avec des",
"emballages à utilisation unique, conçus spécifiquement pour les distributeurs du segment",
"de la restauration. Dans les Maritimes, nous avons étendu notre couverture de distribution",
"en plus d’introduire une gamme de produits plus diversifiée.",
"BAIIA ",
"(Secteur Produits laitiers canadien)",
"Au 31 mars 2003, notre bénéfice avant intérêts, impôts sur les bénéfices, amortissement",
"et rémunération à base d’actions (BAIIA) s’élevait à 200,6 millions de dollars en",
"comparaison de 183,1 millions de dollars un an plus tôt, soit une hausse de 17,5 millions",
"de dollars ou de 9,6 %. La marge de BAIIA de ce secteur est passée de 9,2 % au terme",
"de l’exercice précédent à 9,9 % pour l’exercice 2003. Cette augmentation peut être",
"attribuée à l’optimisation de nos opérations durant le processus d’intégration de Dairyworld,",
"acquise en 2001, et ce, malgré l’augmentation du coût des assurances et de l’énergie. ",
"Dans le but d’accroître son rendement, la ",
"division Fromage (Canada)",
"a décidé",
"de fermer trois usines – Souris, Manitoba; Yorkton, Saskatchewan et Oakville, Ontario –",
"et de transférer leurs activités vers d’autres usines. Les deux premières ont cessé leurs",
"activités respectivement dans les troisième et quatrième trimestres de l’exercice.",
"L’ usine d’Oakville, qui a débuté le transfert de ses activités vers notre usine de Tavistock,",
"en Ontario, fermera définitivement ses portes durant le troisième trimestre de l’exercice",
"2004. Nous avons entrepris un projet d’expansion majeur à l’usine de Tavistock qui",
"devrait se terminer au cours de l’exercice 2004 et qui nous permettra d’améliorer notre",
"1",
"Marque de commerce utilisée sous licence",
"Analyse par la direction",
"18"
] | train |
|
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"Cognizant has proven to be an effective part-",
">",
"The New Technology Industry",
"T",
"ner to major retailers seeking to reduce IT",
"Accelerating “Speed to Market”",
"costs and generate higher returns on their",
"The New Technology vertical provides a",
"investments in IT-enabled business outcomes.",
"unique range of services to technology com-",
"Our practice has in-depth experience with",
"panies – mainly software product and online",
"core retailing business processes and",
"services companies. We work with these cus-",
"enabling technologies, including software",
"tomers in the areas of product development,",
"packages, specialized tools, highly cus-",
"testing, maintenance and product support.",
"11",
"tomized legacy programs and emerging tech-",
"nologies such as Open Source and RFID. As",
"Our work in this vertical is characterized by",
"a result, we have helped our retail clients to",
"use of the latest technologies to deliver",
"solve core business problems by implement-",
"results at high velocity. Our clients in this",
"ing point-of-sales systems, streamlining",
"industry typically operate in “hyper-competi-",
"supply chain management processes and",
"tive” markets and therefore demand an ever",
"systems and delivering advanced customer",
"reducing time-to-market. In order to meet",
"tracking systems.",
"these requirements, the New Technology",
"vertical has evolved several unique solutions",
"Cognizant’s 4th Generation model delivers",
"and methodologies under the Real Time",
"strategic transformational benefits for retail-",
"Delivery model.",
"ers. In an in-depth case study of a Cognizant",
"retailing customer, a leading industry analyst",
"Moving ahead, we see much potential in this",
"concludes, “Cost savings is not the only",
"vertical, as companies increasingly seek a",
"thing that can be achieved by offshore out-",
"highly responsive partner to extend their",
"sourcing, and Cognizant is a step ahead in",
"global product organizations. The industry",
"impacting their clients’ core retail systems",
"itself is undergoing rapid structural changes",
"and processes.”",
"through consolidation in key segments, which",
"presents a large opportunity to help migrate",
"and integrate products between merged",
"companies.",
"This vertical also provides Cognizant with an",
"opportunity to gain early insight into new",
"technologies and products entering the",
"marketplace, providing knowledge we can",
"leverage in servicing clients across other",
"COGNIZANT ANNUAL REPORT 2004",
"(1)",
"Gartner Research, Magic Quadrant for North America CRM Service Providers, 2005, Frances",
"vertical industry segments, as these products",
"Karamouzis, Matthew Goldman, Ed Thompson, March 14, 2005",
"filter through those segments.",
"Magic Quadrant Disclaimer",
"The Magic Quadrant is copyrighted 2005 by Gartner, Inc. and is reused with permission. The Magic",
"Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts",
"Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by",
"Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant,",
"and does not advise technology users to select only those vendors placed in the “Leaders” quadrant.",
"The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to",
"action. Gartner disclaims all warranties, express or implied, with respect to this research, including any",
"warranties of merchantability or fitness for a particular purpose.",
"(2)",
"AMR Research, India Inc.’s Future: More High Value Services in India by Lance Travis, Wednesday,",
"February 09, 2005."
] | train |
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] | [
"RISK MANAGEMENT AND RISK FACTORS",
"and shareholders’ equity. Volatile or poor market conditions",
"The sensitivity of shareholders’ equity and net income to",
"may also significantly reduce the popularity of some of",
"changes in equity and real estate markets reflects changes in",
"AEGON’s savings and investment products, which could lead to",
"the market value of AEGON’s portfolio, changes in DPAC",
"lower sales and net income.",
"amortization, contributions to pension plans for AEGON",
"AEGON’s general account equity holdings are shown in",
"employees, no effect from realized gains or losses and the",
"table 8 on the previous page.",
"strengthening of the guaranteed minimum benefits, when",
"The general account equity and real estate portfolios of",
"applicable. The main reason for the non-linearity of results is",
"AEGON USA and AEGON The Netherlands accounted for 97%",
"that more severe scenarios can cause accelerated DPAC",
"of the general account equity and real estate portfolio of the",
"amortization and guaranteed minimum benefits provisioning,",
"AEGON Group of EUR 8,784 million at December 31, 2003. Of",
"while moderate scenarios may not.",
"AEGON’s country units, AEGON The Netherlands holds the",
"largest amount of investments classified as equities, both in",
"DERIVATIVES RISK",
"AEGON is exposed to currency fluctuations, changes in the fair",
"absolute terms and expressed as a percentage of total general",
"value of its investments, the impact of interest rate and credit",
"account investments. The largest part of the equity portfolio of",
"spread changes and changes in mortality and longevity.",
"AEGON The Netherlands consists of a diversified portfolio of",
"AEGON uses common financial derivative instruments such as",
"global equities and 5% equity holdings in Dutch companies,",
"which include non-redeemable preferred shares.",
"interest rate swaps, options, futures and forward contracts to",
"The table below sets forth the year-end closing levels of",
"hedge some of the exposures related to both investments",
"certain major equity market indices.",
"backing insurance products and company borrowings. AEGON",
"may not be able to manage the risks associated with this",
"Table 9",
"activity successfully through the use of derivatives. In addition,",
"Year-end",
"1999",
"2000",
"2001",
"2002",
"2003",
"a counterparty may fail to honor the terms of its derivatives",
"contracts. Both scenarios could have a material adverse effect",
"S&P 500",
"1,469",
"1,320",
"1,148",
"880",
"1,112",
"Nasdaq",
"4,069",
"2,471",
"1,950",
"1,336",
"2,003",
"on AEGON’s business, results of operations and financial",
"FTSE 100",
"6,930",
"6,222",
"5,217",
"3,940",
"4,477",
"condition. The notional amount of AEGON’s derivative use can",
"AEX",
"671",
"638",
"507",
"323",
"338",
"be found on page 104 and following.",
"Generally, derivatives are used for hedging purposes,",
"however, credit default swaps are used for purposes of",
"AEGON’s shareholders’ equity is directly exposed to",
"selectively increasing credit exposures. Credit default swaps",
"movements in the equity markets. Beginning in 2004, AEGON",
"are used in combination with high quality low risk assets to",
"will discontinue the indirect income method and instead",
"synthetically replicate corporate credit exposures in",
"recognize in income realized gains and losses on equities and",
"constructing investment portfolios. Credit default swaps are",
"real estate, which may lead to increased sensitivity of net",
"also sold on a limited basis to generate fee income. ",
"income to movements in equity markets. In addition, net",
"Derivative use is managed by requiring a written hedge or",
"income is sensitive to the fees earned on equity investments",
"derivative program policy. All traded derivatives must be under",
"held for account of policyholders as well as the amortization of",
"one of these policies. The financial implications of derivatives",
"deferred policy acquisition costs and provisioning for minimum",
"are modeled along with all other financial instruments –",
"product guarantees.",
"whether interest rate, credit or equity risk modeling.",
"Sensitivity analysis of net income and shareholders’ ",
"equity to equity and real estate markets is presented in ",
"table 10.",
"Table 10",
"1,2",
"SENSITIVITY ANALYSIS OF NET INCOME AND SHAREHOLDERS’ EQUITY TO EQUITY AND REAL ESTATE MARKETS",
"Approximate effects on",
"Movement of markets ",
"Approximate effects on net income",
"shareholders’ equity",
"Increase of equity and real estate markets of 10%",
"EUR 70 million",
"EUR 455 million",
"Decrease of equity and real estate markets of 10%",
"EUR (55) million",
"EUR (470) million",
"Decrease of equity and real estate markets of 20%",
"EUR (270) million",
"EUR (965) million",
"Shift down 100 basis points of long-term equity DPAC assumptions",
"EUR (65) million",
"$^{1}$Basic assumptions: no correlation between markets and risks; unchanged conditions for all other assets and liabilities; limited management actions taken. All changes are",
"relative to net income and shareholders’ equity. Effects do not tend to be linear and therefore cannot be extrapolated for larger increases or decreases. ",
"The approximate effects on shareholders’ equity excludes the effects on net income, which is presented above separately.",
"$^{2}$The effect of movements in equity and real estate markets is reflected as a one-time increase or decrease of worldwide equity and real estate markets on January 1, 2004.",
"AEGON GROUP ANNUAL REPORT 2003",
"38"
] | train |
|
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499
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533,
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] | [
8,
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
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9,
9,
9,
9,
9,
9,
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9,
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9,
9,
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9,
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9,
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9,
9,
9,
9,
9,
9,
9,
9,
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9,
9,
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9,
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9,
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9,
9,
9,
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9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
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9,
9,
9,
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] | [
"SELECTED CONSOLIDATED FINANCIAL DATA",
"(in thousands, except as noted*)",
"2002 ",
"2001",
"2000",
"1999",
"1998",
"Consolidated Income Statement Data",
"Net sales",
"$ 480,590",
"$ 455,839",
"$ 520,688",
"$ 449,627",
"$ 363,945",
"Selling, general and",
"administrative expenses",
"72,407",
"71,691",
"69,011",
"56,280",
"46,796",
"Relocation and start-up expenses",
"3,277",
"Research and development",
"7,631",
"7,448",
"6,726",
"5,356",
"4,681",
"Income from operations",
"616",
"11,784",
"47,138",
"52,521",
"40,427",
"Interest expense",
"10,474",
"9,367",
"8,652",
"4,253",
"2,709",
"Net income (loss)",
"(4,706)",
"1,992",
"26,281",
"31,712",
"24,436",
"Earnings (loss) per common share*",
"(",
")",
"1",
"Basic",
"(.24)",
".10",
"1.37",
"1.66",
"1.30",
"Diluted",
"(.24)",
".10",
"1.33",
"1.59",
"1.26",
"Consolidated Balance Sheet Data",
"Working capital",
"$ 173,224",
"$ 161,867",
"$ 153,389",
"$ 127,569",
"$",
"81,865",
"Total assets",
"416,503",
"400,691",
"398,795",
"355,437",
"248,320",
"Total short-term debt",
"3,220",
"2,368",
"1,986",
"596",
"646",
"Long-term debt, less current maturities",
"130,645",
"127,285",
"118,511",
"102,685",
"47,220",
"Shareholders’ equity",
"193,432",
"197,347",
"194,623",
"167,258",
"132,658",
"Book value per common",
"share at year-end*",
"9.83",
"10.07",
"10.07",
"8.75",
"7.44",
"(",
")",
"1",
"Fourth",
"Third",
"First ",
"Second ",
"Quarterly Financial Highlights ",
"Quarter",
"Quarter",
"Quarter",
"Quarter",
"(Unaudited)",
"2002",
"Net sales",
"$ 122,442",
"$126,669",
"$ 126,100",
"$ 105,379",
"Gross profit",
"27,876",
"26,625",
"20,762",
"8,668",
"Net income (loss)",
"4,635",
"2,407",
"(1,438)",
"(10,310) ",
"Earnings (loss) per common share* ",
"Basic",
".24",
".12",
"(.07)",
"(.52)",
"Diluted",
".23",
".12",
"(.07)",
"(.52)",
"2001",
"Net sales",
"$ 143,310",
"$ 126,287",
"$ 103,124",
"$",
"83,118",
"Gross profit",
"31,323",
"29,422",
"17,192",
"12,986",
"Net income (loss)",
"5,303",
"4,953",
"(1,346)",
"(6,918)",
"Earnings (loss) per common share*",
"Basic",
".27",
".26",
"(.07)",
"(.35) ",
"Diluted",
".27",
".25",
"(.07)",
"(.35)",
"Common Stock Price*",
"2002 High",
"$18.10",
"$19.80",
"$16.48",
"$11.00",
"2002 Low",
"9.30",
"14.73",
"8.30",
"8.45",
"2001 High",
"$ 14.81",
"$ 19.17",
"$ 19.27",
"$ 15.86",
"2001 Low",
"12.00",
"12.00",
"11.25",
"11.91",
"The Company’s common stock is traded on the National Association of Securities Dealers Automated Quotation (NASDAQ) National",
"Market under the symbol ASTE. Prices shown are the high and low bid prices as announced by NASDAQ. The Company has never paid",
"any dividends on its common stock.",
"As determined by the proxy search on the record date by the Company’s transfer agent, the number of common shareholders is appr",
"oxi-",
"mately 5,500.",
"(",
")",
"1",
"Restated for 1998 and prior to retroactively reflect the two-for-one stock split effected in the form of a dividend on January 18, 1999."
] | train |
|
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"Corporate Data",
"Investor Relations ",
"World and North American ",
"and Media Information",
"Headquarters",
"Securities analysts, shareowners, news media",
"1600 Technology Way",
"and others seeking financial information",
"P.O. Box 231",
"should call Ms. Beth Riley, Director of",
"Latrobe, PA 15650-0231",
"Investor Relations at 724-539-6141. News",
"724-539-5000 Tel",
"media and others seeking general information",
"724-539-4710 Fax",
"should contact Mr. Steve Halvonik, Manager ",
"www.kennametal.com",
"of Public Relations and Communications ",
"European Headquarters",
"at 724-539-4618.",
"Postfach 1751",
"Dividend Reinvestment ",
"90707 Fürth",
"and Stock Purchase Plan",
"Germany",
"This plan provides shareowners with ",
"(49)",
"911-9735-0 Tel",
"a convenient way to acquire additional ",
"(49)",
"911-9735-388 Fax",
"shares of Kennametal capital stock without ",
"Asia Pacific Headquarters",
"paying brokerage fees or service charges.",
"No. 11 Gul Link",
"Participants may reinvest their dividends, ",
"Jurong",
"plus optional cash if desired, to acquire ",
"Singapore 629381",
"these additional shares. Mellon Bank N.A.",
"(65)",
"265-9222 Tel",
"administers the plan and acts as the ",
"(65)",
"861-0922 Fax",
"agent for the participants. For more",
"information, contact our corporate ",
"Transfer Agent, Registrar of Stock ",
"secretary at 724-539-5204.",
"and Dividend Disbursing Agent",
"Mellon Investor Services LLC",
"Equal Opportunity Employer",
"Overpeck Centre",
"Kennametal is an equal opportunity employer.",
"85",
"Challenger Road",
"All matters regarding recruiting, hiring, training,",
"Ridgefield Park, NJ 07660",
"compensation, benefits, promotions, transfers",
"800-756-3353 Tel",
"and all other personnel policies will continue",
"www.melloninvestor.com",
"to be free from all discriminatory practices.",
"Stock Listing",
"Annual Meeting",
"The New York Stock Exchange",
"The annual meeting of shareowners is ",
"Ticker Symbol: KMT",
"scheduled for Tuesday, October 22, 2002, ",
"CUSIP No.: 48917010",
"at our Corporate Technology Center ",
"in Latrobe, Pa. Notice of the meeting ",
"Independent Accountants",
"will be mailed on or about Friday, ",
"PricewaterhouseCoopers LLP",
"September 20, 2002 to shareowners of",
"Annual Report on Form 10-K",
"record on Tuesday, September 3, 2002. ",
"Form 10-K, as filed with the Securities ",
"All shareowners are cordially invited to ",
"and Exchange Commission, will be available ",
"attend. Proxies will be solicited by the ",
"by September 30, 2002. A copy may ",
"Board of Directors.",
"be obtained without charge by contacting ",
"the investor relations department ",
"at 724-539-6141.",
"The following are trademarks of Kennametal Inc. or its",
"subsidiaries and are used as such herein: block style K,",
"Kennametal, JLK, J&L, Kennametal Hertel, Hertel, ",
"Greenfield, KM Micro, KC, KC9110, KC9125, A4 KSSM, ",
"Widia and Fix-Perfect. ",
"Copyright 2002, Kennametal Inc., all rights reserved.",
"CF02-14(27)J02 Printed in U.S.A.",
"design ",
"Mizrahi Design Associates, Inc.",
"printing",
"Hoechstetter Printing, a WALLACE Company"
] | train |
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"Corporate Officers",
"Board of Directors",
"ROBERT P. BOZZONE",
"ROBERT P. BOZZONE",
"Chairman ",
"Chairman of Allegheny Technologies Incorporated 6",
"L.",
"PATRICK HASSEY",
"PAUL S. BRENTLINGER*",
"President and Chief Executive Officer ",
"Partner in Morgenthaler, a venture capital group headquartered in",
"Cleveland, Ohio 1, 2, 7",
"RICHARD J. HARSHMAN",
"Executive Vice President, Finance and Chief Financial Officer ",
"FRANK V. CAHOUET",
"Retired Chairman, President and Chief Executive Officer of Mellon Financial",
"DOUGLAS A. KITTENBRINK",
"Corporation, a bank holding company, and Mellon Bank, N.A. 1, 2, 3, 7",
"Executive Vice President, ATI Business Systems and ",
"Group President, Engineered Products Segment ",
"DIANE C. CREEL",
"Chairman, Chief Executive Officer and President of Ecovation, a waste",
"JACK W. SHILLING",
"stream technology company using patented technologies 1, 2, 3, 4, 5",
"Executive Vice President, Corporate Development and ",
"Chief Technical Officer",
"JAMES C. DIGGS",
"Senior Vice President and General Counsel of PPG Industries, Inc. 1, 2, 3, 7",
"JON D. WALTON",
"Executive Vice President, Human Resources, Chief Legal and",
"C.",
"FRED FETTEROLF*",
"Compliance Officer, General Counsel, and Corporate Secretary ",
"Retired President and Chief Operating Officer of Alcoa, Inc. 4, 5, 7",
"DALE G. REID",
"L.",
"PATRICK HASSEY",
"Vice President, Controller, Chief Accounting Officer ",
"President and Chief Executive Officer of Allegheny Technologies",
"and Treasurer ",
"Incorporated 6",
"W.",
"CRAIG MCCLELLAND",
"Retired Chairman and Chief Executive Officer of Union Camp",
"Corporation, a fine paper, packaging, chemicals manufacturer and land",
"Operating Company Presidents",
"resources company 3, 4, 5, 7",
"WILLIAM G. OUCHI*",
"TERRY L. DUNLAP",
"Sanford and Betty Sigoloff Professor in Corporate Renewal, Anderson",
"Allegheny Ludlum",
"Graduate School of Management at the University of California at ",
"Los Angeles 1, 2, 4, 5",
"THOMAS E. WILLIAMS",
"Allvac",
"CHARLES J. QUEENAN, JR.",
"Senior Counsel to Kirkpatrick & Lockhart LLP, attorneys-at-law 4, 6",
"LYNN D. DAVIS",
"Wah Chang",
"JAMES E. ROHR",
"Chairman and Chief Executive Officer of The PNC Financial Services",
"DAVID M. HOGAN",
"Group, Inc., a bank holding company 2, 6",
"Metalworking Products",
"PATRICK W. BENNETT",
"Standing Committees of the Board:",
"Portland Forge",
"DAVID R. NEIL",
"1",
"Audit ",
"Committee",
"Casting Service",
"2F",
"inance Committee",
"3N",
"ominating and Governance Committee",
"4P",
"ersonnel and Compensation Committee",
"5S",
"tock Incentive Award Subcommittee",
"6E",
"xecutive Committee",
"7T",
"echnology Committee",
"*Retiring as a Board member in May 2004.We thank each of the retiring directors, as well as Brian Simmons and George Kourpias who served on",
"the Board of Directors in 2003, for their contributions to the Board.",
"69",
"ATI",
"Annual Report 2003"
] | train |
|
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"ZIMMER HOLDINGS, INC. AND SUBSIDIARIES",
"2003 FORM 10-K",
"The Company is committed to providing high quality",
"In the spinal implant area, the Company competes",
"products to its customers. To meet this commitment, the",
"globally primarily with Medtronic/Sofamor Danek, Inc. (a",
"Company has implemented modern quality systems and",
"subsidiary of Medtronic, Inc.), Synthes-Stratec, Inc., DePuy",
"concepts throughout the organization. The quality assurance",
"Spine (a subsidiary of Johnson & Johnson), Stryker Corp.,",
"department supervises the Company’s quality systems. Senior",
"and EBI, L.P. (a subsidiary of Biomet, Inc.).",
"management is actively involved in setting quality policies",
"In the dental reconstructive implant area, the Company",
"and managing internal and external quality performance. The",
"competes primarily with Nobel Biocare AB, Straumann AG,",
"Company’s regulatory affairs and compliance department is",
"and Implant Innovations, Inc. (a subsidiary of Biomet, Inc.).",
"responsible for assuring compliance with all applicable",
"Competition within the industry is primarily based on",
"regulations, standards and internal policies.",
"technology, innovation, quality, reputation, customer",
"Since 1998, the Company has initiated numerous quality",
"relationships and service. A key factor in the Company’s",
"improvement programs and maintains an excellent",
"continuing success in the future will continue to be its ability",
"compliance record. All of the Company’s manufacturing",
"to develop new products and improve upon existing products",
"operations are ISO 9000 and/or ISO 13485/13488 series",
"and technologies. Where possible, the Company will continue",
"certified.",
"to seek patent, trademark and other intellectual property",
"The Company’s facilities and operations are also subject",
"protection concerning the surgical techniques, materials,",
"to various government environmental and occupational health",
"technologies and products it designs and develops.",
"and safety requirements of the United States and foreign",
"MANUFACTURING AND RAW MATERIALS",
"countries, including those relating to discharges of substances",
"in the air, water and land, the handling, storage and disposal",
"The Company manufactures substantially all of its",
"of wastes and the cleanup of properties by pollutants. The",
"products at nine facilities located in the United States, Puerto",
"Company believes it is currently in material compliance with",
"Rico, Switzerland and France. Specifically, the Company",
"such requirements.",
"presently conducts manufacturing operations for various",
"product areas in Warsaw, Indiana; Winterthur, Switzerland;",
"COMPETITION",
"Ponce, Puerto Rico; Dover, Ohio; Austin, Texas$^{10}$; Statesville,",
"The orthopaedics industry is highly competitive. In",
"North Carolina; Calabassas, California; Carlsbad, California;",
"the global markets for reconstructive implants, trauma and",
"and Etupes, France. The Company believes that its",
"orthopaedic surgical products, major competitors include:",
"manufacturing facilities set industry standards in terms of",
"DePuy Orthopaedics, Inc. (a subsidiary of Johnson &",
"automation and have the flexibility to accommodate future",
"Johnson), Stryker Corp., Biomet, Inc., Synthes-Stratec, Inc.",
"growth. The manufacturing operations at these facilities are",
"and Smith & Nephew, plc.",
"designed to incorporate the cellular concept for production",
"In the Americas geographic segment, DePuy",
"and to implement tenets of a manufacturing philosophy",
"Orthopaedics, Inc., Stryker Corp. and Biomet, Inc., along",
"focused on continuous operational improvement. In addition,",
"with the Company, account for a large majority of the total",
"at certain of the Company’s manufacturing facilities, many of",
"reconstructive implant sales.",
"the employees are cross-trained.",
"In the Asia Pacific market for reconstructive implant",
"The Company generally operates its manufacturing",
"and trauma products, the Company competes primarily with",
"facilities at its targeted goal of approximately 90 percent",
"DePuy Orthopaedics, Inc. and Stryker Corp., as well as",
"of total capacity. The Company continually evaluates the",
"regional companies, including Kyocera and MDM. Factors,",
"potential to in-source products currently purchased from",
"such as the dealer system, complex regulatory environments",
"outside vendors to on-site production. The Company is",
"and the accompanying inability to compete on price, make it",
"currently in the process of expanding certain of its facilities.",
"difficult for smaller companies, particularly those that are",
"Improving manufacturing productivity has been a major",
"non-regional, to compete effectively with the market leaders",
"contributor to the Company’s profitability improvements in",
"in the Asia Pacific region.",
"recent years. Major areas of improvement have included",
"In Europe, the reconstructive implant and trauma",
"utilization of computer-assisted robots to precision polish",
"product markets are more fragmented than the Americas or",
"medical devices, automation of certain manufacturing",
"the Asia Pacific segments. The variety of philosophies held by",
"processes, in-sourcing of core products, high-speed",
"European surgeons regarding hip reconstruction, for example,",
"machining, and negotiated reductions in raw materials costs.",
"has fostered the existence of many small, niche European",
"The Company uses a diverse and broad range of raw",
"companies. Today most hip implants sold in Europe are",
"materials in the design, development and manufacturing of its",
"products developed specifically for Europe, although global",
"products. The Company purchases all of its raw materials and",
"products are gaining acceptance. Therefore, the Company, in",
"select components used in manufacturing its products from",
"addition to its global products, will continue to develop and",
"external suppliers. In addition, the Company purchases some",
"produce specially tailored products to meet specific European",
"supplies from single sources for reasons of quality assurance,",
"needs. Particularly with the acquisition of Centerpulse, the",
"$^{10}$The Company has announced plans to phase-out this facility by the end",
"Company believes it is well positioned in this region in",
"of 2005.",
"the reconstructive implant market.",
"13"
] | train |
|
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"To",
"Our Shareholders",
"2001 was a challenging year for our country, the national economy ",
"and the real estate markets in which Boston Properties concentrates.",
"Given this, we are pleased to be able to report that your Company ",
"continued to grow and record significant accomplishments and is in ",
"very strong financial and operational condition. As difficult conditions ",
"persist in many of our markets and the national economic outlook remains",
"uncertain, the Company has taken the steps necessary to best position",
"itself going forward both to deal with these immediate issues and to",
"actively pursue its objective of continued growth in shareholder value. ",
"OPERATING IN A RECESSION YEAR",
"Mortimer B. Zuckerman, Chairman of the Board (right) and ",
"This year Boston Properties faced the exigencies of operating during a",
"Edward H. Linde, President and Chief Executive Officer",
"recession that, accentuated by the ",
"FFO Per Share",
"and Dividends ",
"1",
"economic impacts of the horrendous events of September 11, was reflected in a steep",
"Per Share",
"decline in demand for office space. Tenants who as recently as the start of 2001 had",
"$3.57",
"$3.31",
"$2.89",
"strong appetites for further growth began offering for sublease space to which they were",
"$2.50",
"$1.96",
"already committed. Robust leasing activity was replaced by limited new deal flow. ",
"$2.24",
"$2.04",
"$1.75",
"$1.64",
"Not surprisingly, the impact on market rental rates and on direct and sublease vacancy",
"$1.62",
"rates was negative.",
"1997",
"1998",
"1999",
"2000",
"2001",
"2",
"This is the context in which we must assess our performance last year. ",
"FFO",
"Dividends",
"■",
"■",
"We achieved an average increase in net rent during 2001 of 49.2% on lease extensions",
"Diluted",
"Diluted",
"1",
"For 1997, Pro Forma Funds From Operations",
"For 1997, Pro Forma Funds From Operations",
"2",
"are presented as if the Company’s initial ",
"and new tenancies totaling 2.7 million SF in our existing portfolio. We re-leased 48% of",
"offering of common stock and related ",
"formation transactions (which were completed",
"the space scheduled for lease expirations in 2002, with 931,000 SF committed through",
"on June 23, 1997) had occurred on January 1,",
"1997, and the dividend is annualized",
"renewals and new tenancies. And in the face of a national rise in office vacancy to",
"13.4%, our vacancy rate at year’s end was 4.6%. While this vacancy is higher, and achieved rents on new leases and",
"renewals lower, than we had hoped at the start of the year, overall we grew Funds From Operations (FFO) by 7.9% and",
"Earnings Per Share by 18.8%.",
"CONTINUES",
"2"
] | train |
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435,
657
],
[
481,
647,
865,
657
],
[
60,
667,
458,
677
],
[
481,
667,
516,
677
],
[
772,
667,
814,
677
],
[
60,
686,
441,
696
],
[
481,
686,
856,
696
],
[
60,
706,
453,
716
],
[
481,
706,
516,
716
],
[
568,
706,
835,
716
],
[
60,
725,
153,
735
],
[
481,
725,
525,
735
],
[
518,
725,
828,
735
],
[
481,
745,
873,
755
],
[
60,
754,
450,
765
],
[
481,
764,
491,
774
],
[
490,
764,
847,
774
],
[
60,
774,
431,
784
],
[
481,
783,
868,
794
],
[
60,
793,
449,
803
],
[
481,
803,
505,
813
],
[
758,
803,
792,
813
],
[
795,
803,
806,
810
],
[
60,
840,
74,
850
],
[
78,
840,
101,
850
],
[
682,
840,
709,
850
],
[
80,
852,
517,
861
],
[
60,
871,
75,
880
],
[
79,
871,
336,
880
],
[
708,
871,
717,
880
],
[
80,
883,
459,
892
],
[
635,
883,
689,
892
],
[
80,
895,
436,
904
],
[
718,
895,
721,
904
],
[
80,
906,
94,
916
],
[
658,
906,
678,
916
],
[
60,
926,
73,
935
],
[
77,
926,
121,
935
],
[
684,
926,
723,
935
],
[
80,
937,
291,
947
]
] | [
6,
6,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
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10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
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2,
2,
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2,
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"4",
"VORNADO REALTY TRUST",
"In 2003, Vornado’s Funds From Operations per share",
"It",
"is a testament to Vornado’s scale and balance sheet",
"increased by 13.6% and FFO Adjusted for Comparability",
"strength that, since January 2003, we generated over ",
"per share increased by 6.5%. EBITDA for each of our ",
"$1",
"billion internally from the capital side of our business",
"business units increased for the year and each business",
"(not",
"including cash flow from operations). This was accom-",
"unit (with the exception of Washington Office",
") had ",
"plished",
"while maintaining our credit rating (which we are",
"(3)",
"handsome same store increases—all this performance in ",
"committed to) and maintaining virtually the same credit",
"a challenging market.",
"ratios.",
"Here is a list of cash proceeds by transaction:",
"Financings",
"$170 million",
"06/03",
"Financing of 770 Broadway",
"for 5 years at LIBOR plus 1.05%.",
"200 million",
"11/03",
"Unsecured borrowing",
"for 7 years at 4.75%",
"75",
"million",
"11/03",
"Distribution from",
"Newkirk MLP funded from a $525 million refinancing ",
"of a $225 million credit facility",
"150 million",
"02/04",
"Refinancing Two Penn Plaza’",
"old loan of $150 million at 7.08% with ",
"$300 million for 7 years at 4.97%",
"135 million",
"02/04",
"Our 60% share of the net proceeds",
"of AmeriCold’s $254 million financing ",
"for 5 years at LIBOR plus 2.95%",
"Dispositions ",
"$292 million",
"10/03",
"Sale of Two Park Avenue,",
"965,000 square foot office building, resulting in a gain of $156 million",
"of which $44 million ($.32 per shar",
"e)",
"was distributed to shareholders as a capital gains dividend",
"8",
"million",
"01/03",
"Sale of Baltimor",
"and Hagerstown Shopping Centers resulting in a gain of $4.5 million",
"11/03",
"(4)",
"95",
"million",
"07/04",
"Pending",
"sale of the Palisades Residential Apartment Complex ",
"And we could have generated more. Vornado has substan-",
"$135",
"million of its investment in AmeriCold. But this",
"tial unused financial capacity that could be realized either",
"financing did much more—it went a long way to demon-",
"from borrowings or from recycling existing assets. We have",
"strate",
"the value of this business. Think about it—",
"$10s of millions, and in some instances as much as $100",
"AmeriCold now carries $800 million of debt (recourse ",
"million or more, of unrealized profits in dozens and dozens",
"solely",
"to various groups of its assets) at a weighted ",
"of our assets.",
"average",
"interest rate of 6.1%, or about $49 million ",
"of annual interest expense, still leaving FFO of $64 million",
"As promised at our September 2003 investor conference,",
"fr",
"om actual cash rents. Mike and I believe that these ",
"in February 2004, AmeriCold completed a $254 million",
"facts support a value for this investment that is greater",
"financing, which was the source of Vornado’s repatriating",
"than",
"most of our investors and analysts carry.",
"(5)",
"(3)",
"This",
"decrease was caused by our exiting the third-party tenant representation business, and the effect of",
"lower purchase price lease adjustment income and straight-lining of rent.",
"(4)",
"Together with a 25% development partner",
"we built a 538 unit rental apartment tower on a wonderful site",
"on the New Jersey Palisades adjacent to the George Washington",
"Bridge. The total cost of this project,",
"which is in the final stages of rent-up, was $144 million. We",
"have contracted to sell this property for a clos-",
"ing",
"not later than third quarter 2004 for $222.5 million which will result in a gain to us of $70 million.",
"(5)",
"Vornado",
"owns 60% of AmeriCold. All of the data in this paragraph is for 100% of AmeriCold, other than $135",
"million of its investment repatriated."
] | train |
|
[
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208
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[
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486,
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[
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[
119,
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[
190,
528,
201,
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[
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[
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[
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],
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],
[
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],
[
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],
[
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621
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[
143,
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249,
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],
[
967,
975,
984,
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]
] | [
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
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9,
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10,
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] | [
"Distribution of Shareholdings",
"Number Held",
"Number of Shareholders",
"Number of Shares",
"1",
"- 1,000",
"3,604",
"2,169,586",
"1,001 - 5,000",
"3,675",
"9,389,845",
"5,001 - 10,000",
"1,198",
"9,908,560",
" 10,001 - 100,000",
"2,168",
"80,932,287",
" 100,001 - and over",
"433",
"612,870,879",
"11,078",
"715,271,157",
"The number of shareholders holding less than a marketable parcel was 8,558.",
"Directors’ Interests",
"As at the date of the Directors’ Report, the director or indirect interest of each Director of the Company in the issued ",
"securities (excluding options previously disclosed in this Report) of the Company, or in a related corporation, was as follows:",
"Shares Held",
"SJC Wise",
"Nil",
"E Eshuys",
"Nil",
"Nil",
"H G Tuten ",
"(1) ",
"M K Wheatley",
"Nil",
"Connected Persons:",
"156,333,470",
"RCF ",
"(1)",
"Mr Tuten is the Chairman of RCF Management L.L.C., the management ",
"(1)",
"company of RCF",
"71"
] | train |
|
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"MANAGEMENT’S",
"DISCUSSION AND ANALYSIS",
"CityMedia revenues were up $0.9 million in the fourth",
"2004",
"2003",
"quarter excluding the $1.5",
"million impact of the ",
"Reported:",
"accounting change for circulation revenues and $1.3 million",
"11",
"Operating margin",
"19.2%",
"21.0%",
"from acquisitions. Advertising revenue was flat in the",
"EBITDA margin",
"20.9%",
"22.5%",
"fourth quarter at The Hamilton Spectator as a 4.5% linage",
"decline was offset by a higher effective line rate.",
"Impact of foreign exchange ",
"However, the fourth quarter linage decrease was the",
"contracts on margins:",
"smallest year-over-year decline during 2004. The Record",
"Reported operating profit",
"$24,865",
"$28,819",
"had a small increase in advertising revenue as a strong",
"Hedge gains",
"6,966",
"5,372",
"effective line rate slightly offset a 7.8% decline in linage.",
"Adjusted operating profit",
"$17,899",
"$23,447",
"CityMedia costs were relatively flat year over year in the",
"fourth quarter.",
"Operating profit margin",
"14.7%",
"17.1%",
"EBITDA margin",
"16.5%",
"18.6%",
"TTN’s revenues were flat in the fourth quarter year over",
"year. Operating losses were $2.7 million in the fourth",
"quarter of 2004, up $1.2 million from $1.5 million in the",
"Book Publishing revenues were down $9.5 million in the",
"fourth quarter of 2003. Depreciation expense was $0.3",
"fourth quarter of 2004 excluding the impact of foreign",
"million higher in the quarter as more systems were",
"exchange. North America Retail was down $3.3 million,",
"installed and operating.",
"North America Direct-To-Consumer was down $2.2 million",
"and Overseas was down $2.4 million. In the fourth quarter",
"BOOK PUBLISHING",
"of 2003, the former Creativity division had revenues of",
"The details of the changes in reported revenues and",
"$1.6 million.",
"operating",
"profits",
"for the fourth quarter of 2004 are as ",
"Book Publishing operating profits were down $4.1 million",
"follows (in $000’s):",
"in the fourth quarter of 2004 excluding the impact of ",
"foreign exchange. North America Retail was down ",
"Reported revenue, 2003",
"$137,008",
"$3.6 million, North America Direct-To-Consumer was up",
"Impact of currency movements",
"(5,636)",
"9",
"$0.9 million and Overseas was down $1.8 million. In the",
"Impact of U.S. dollar hedges",
"7,545",
"fourth quarter of 2003, the former Creativity division",
"Change in operating revenue",
"(9,526)",
"had operating losses of $0.4 million.",
"Reported revenue, 2004",
"$129,391",
"North America Retail continued to face challenges in the",
"U.S. mass-market paperback segment. In the North",
"Reported operating profit, 2003",
"$28,819",
"America Direct-To-Consumer division, favourable payment",
"Impact of currency movements",
"(1,422)",
"rates and a June 2004 price increase offset the impact of",
"10",
"2,495",
"Impact of U.S. dollar hedges",
"lower volumes and provided an increase in operating",
"Impact of other currency hedges",
"(900)",
"profits. In Overseas, Japan and Germany reported lower",
"Change in operating profit",
"(4,127)",
"net sales in the core retail series programs in the fourth",
"Reported operating profit, 2004",
"$24,865",
"quarter. The U.K. had lower net sales for both its series",
"and single title programs.",
"Depreciation and amortization",
"2,235",
"Segment EBITDA",
"$27,100",
"$^{9 }$The impact of the U.S.",
"dollar hedges is reported in revenue effective January 1, 2004. The 2003 U.S. dollar hedges were reported directly in operating profit. Torstar has hedged ",
"$75 million of its U.S.",
"dollar revenue at $1.58 in 2004 and $76 million at $1.59 in 2005. There are no hedges in place for 2006. For more details see Note 13 in Torstar’s December 31, 2004",
"annual financial statements.",
"$^{10}$Gains on the U.S.",
"dollar hedges were recorded in operating profit in 2003. Therefore the impact on operating profit in 2004 is the year over year change. ",
"$^{11}$If the 2003 U.S.",
"dollar hedge gain had been reported in revenue, the fourth quarter 2003 operating profit margin would have been 20.3%.",
"34",
"TORSTAR 2004"
] | train |
|
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9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2,
5
] | [
"Fiscal",
"2001 End-of-Year Store Count",
"hood Markets",
"hood Markets",
"es",
"es",
"Discount Stor",
"Discount Stor",
"SAM’S CLUBS",
"SAM’S CLUBS",
"centers",
"centers",
"Neighbor",
"Neighbor",
"Super",
"Super",
"State",
"State",
"Alabama",
"41",
"41",
"8",
"0",
"Montana",
"6",
"4",
"1",
"0",
"Alaska",
"5",
"0",
"3",
"0",
"Nebraska",
"12",
"8",
"3",
"0",
"Arizona",
"26",
"13",
"9",
"0",
"Nevada",
"12",
"4",
"4",
"0",
"Arkansas",
"41",
"36",
"4",
"5",
"New Hampshire 18",
"4",
"4",
"0",
"California",
"117",
"0",
"26",
"0",
"New Jersey",
"23",
"0",
"6",
"0",
"Colorado",
"23",
"18",
"12",
"0",
"New Mexico",
"9",
"13",
"4",
"0",
"Connecticut",
"19",
"1",
"3",
"0",
"New York",
"52",
"13",
"18",
"0",
"Delaware",
"3",
"2",
"1",
"0",
"North Carolina",
"59",
"35",
"16",
"0",
"Florida",
"86",
"57",
"34",
"0",
"North Dakota",
"8",
"0",
"2",
"0",
"Georgia",
"51",
"45",
"16",
"0",
"Ohio",
"76",
"12",
"25",
"0",
"Hawaii",
"5",
"0",
"1",
"0",
"Oklahoma",
"48",
"32",
"6",
"8",
"Idaho",
"7",
"6",
"1",
"0",
"Oregon",
"25",
"0",
"0",
"0",
"Illinois",
"86",
"25",
"27",
"0",
"Pennsylvania",
"49",
"29",
"19",
"0",
"Indiana",
"50",
"33",
"14",
"0",
"Rhode Island",
"7",
"0",
"1",
"0",
"Iowa",
"33",
"18",
"7",
"0",
"South Carolina",
"27",
"32",
"9",
"0",
"Kansas",
"34",
"16",
"5",
"0",
"South Dakota",
"8",
"0",
"2",
"0",
"Kentucky",
"36",
"38",
"5",
"0",
"Tennessee",
"47",
"41",
"15",
"0",
"Louisiana",
"43",
"37",
"11",
"0",
"Texas",
"142",
"112",
"56",
"6",
"Maine",
"17",
"3",
"3",
"0",
"Utah",
"12",
"3",
"5",
"0",
"Maryland",
"27",
"3",
"11",
"0",
"Vermont",
"4",
"0",
"0",
"0",
"Massachusetts",
"36",
"1",
"3",
"0",
"Virginia",
"26",
"41",
"10",
"0",
"Michigan",
"55",
"2",
"21",
"0",
"Washington",
"26",
"0",
"2",
"0",
"Minnesota",
"37",
"2",
"9",
"0",
"West Virginia",
"8",
"20",
"3",
"0",
"Mississippi",
"30",
"31",
"4",
"0",
"Wisconsin",
"53",
"7",
"11",
"0",
"Missouri",
"66",
"46",
"13",
"0",
"Wyoming",
"5",
"4",
"2",
"0",
"U.S. Totals",
"1736",
"888",
"475 19",
"International/Worldwide",
"*",
"Mexico",
"429",
"32",
"38",
"0",
"Argentina",
"0",
"11",
"0",
"0",
"Puerto Rico ",
"9",
"0",
"6",
"0",
"Brazil",
"0",
"12",
"8",
"0",
"**",
"United Kingdom 0",
"241",
"0",
"0",
"Canada",
"174",
"0",
"0",
"0",
"China",
"0",
"10",
"1",
"0",
"INT’l Total:",
"612",
"406",
"53",
"0",
"South Korea ",
"0",
"6",
"0",
"0",
"World Wide",
"Grand Total:",
"2348",
"1294",
"528 19",
"Germany",
"0",
"94",
"0",
"0",
"* Includes: 37 Aurreras, 80 Bodegas, 54 Suburbias, 40 Superamas, and 218 Vips.",
"**Includes: 238 ASDA Stores and 3 ASDA/Wal-Mart Supercentres.",
"6"
] | train |
|
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153,
678
],
[
302,
667,
339,
678
],
[
369,
667,
411,
678
],
[
444,
667,
482,
678
],
[
510,
667,
554,
678
],
[
595,
667,
625,
678
],
[
655,
667,
697,
678
],
[
733,
667,
768,
678
],
[
809,
667,
840,
678
],
[
870,
667,
911,
678
],
[
120,
680,
162,
690
],
[
303,
680,
339,
690
],
[
373,
680,
411,
690
],
[
451,
680,
482,
690
],
[
512,
680,
554,
690
],
[
596,
680,
625,
690
],
[
655,
680,
697,
690
],
[
732,
680,
768,
690
],
[
819,
680,
840,
690
],
[
874,
680,
911,
690
],
[
120,
692,
150,
702
],
[
333,
692,
339,
702
],
[
404,
692,
410,
702
],
[
476,
692,
482,
702
],
[
547,
692,
553,
702
],
[
619,
692,
625,
702
],
[
690,
692,
696,
702
],
[
762,
692,
768,
702
],
[
833,
692,
839,
702
],
[
904,
692,
911,
702
],
[
106,
708,
194,
718
],
[
120,
720,
159,
730
],
[
312,
720,
339,
730
],
[
398,
720,
411,
730
],
[
476,
720,
482,
730
],
[
526,
720,
554,
730
],
[
612,
720,
625,
730
],
[
679,
720,
697,
730
],
[
737,
720,
768,
730
],
[
825,
720,
840,
730
],
[
887,
720,
911,
730
],
[
120,
732,
162,
743
],
[
333,
732,
339,
743
],
[
404,
732,
410,
743
],
[
476,
732,
482,
743
],
[
547,
732,
553,
743
],
[
619,
732,
625,
743
],
[
690,
732,
696,
743
],
[
762,
732,
768,
743
],
[
833,
732,
839,
743
],
[
904,
732,
911,
743
],
[
120,
745,
168,
755
],
[
333,
745,
339,
755
],
[
404,
745,
410,
755
],
[
476,
745,
482,
755
],
[
547,
745,
553,
755
],
[
618,
745,
625,
755
],
[
690,
745,
696,
755
],
[
762,
745,
768,
755
],
[
833,
745,
839,
755
],
[
904,
745,
911,
755
],
[
106,
760,
196,
771
],
[
304,
761,
339,
771
],
[
373,
761,
411,
771
],
[
453,
761,
482,
771
],
[
515,
761,
554,
771
],
[
595,
761,
625,
771
],
[
656,
761,
697,
771
],
[
730,
761,
768,
771
],
[
810,
761,
840,
771
],
[
870,
761,
911,
771
],
[
106,
776,
132,
787
],
[
106,
789,
214,
799
],
[
308,
789,
339,
799
],
[
372,
789,
411,
799
],
[
451,
789,
482,
799
],
[
515,
789,
554,
799
],
[
605,
789,
625,
799
],
[
666,
789,
697,
799
],
[
730,
789,
768,
799
],
[
819,
789,
840,
799
],
[
880,
789,
911,
799
],
[
106,
801,
203,
811
],
[
309,
801,
339,
811
],
[
389,
801,
411,
811
],
[
463,
801,
482,
811
],
[
523,
801,
554,
811
],
[
604,
801,
625,
811
],
[
667,
801,
697,
811
],
[
740,
801,
768,
811
],
[
821,
801,
840,
811
],
[
880,
801,
911,
811
],
[
106,
817,
194,
827
],
[
312,
817,
339,
827
],
[
380,
817,
411,
827
],
[
453,
817,
482,
827
],
[
523,
817,
554,
827
],
[
604,
817,
625,
827
],
[
666,
817,
697,
827
],
[
739,
817,
768,
827
],
[
821,
817,
840,
827
],
[
880,
817,
911,
827
],
[
106,
833,
132,
843
],
[
120,
845,
203,
855
],
[
310,
845,
339,
855
],
[
380,
845,
411,
855
],
[
453,
845,
482,
855
],
[
523,
845,
554,
855
],
[
607,
845,
625,
855
],
[
665,
845,
697,
855
],
[
738,
845,
768,
855
],
[
821,
845,
840,
855
],
[
880,
845,
911,
855
],
[
120,
857,
150,
868
],
[
319,
857,
339,
868
],
[
392,
857,
411,
868
],
[
461,
857,
482,
868
],
[
526,
857,
554,
868
],
[
606,
857,
625,
868
],
[
666,
857,
697,
868
],
[
748,
857,
768,
868
],
[
833,
857,
840,
868
],
[
894,
857,
911,
868
],
[
106,
873,
194,
883
],
[
120,
886,
159,
896
],
[
332,
886,
339,
896
],
[
404,
886,
411,
896
],
[
476,
886,
482,
896
],
[
547,
886,
553,
896
],
[
619,
886,
625,
896
],
[
690,
886,
696,
896
],
[
761,
886,
768,
896
],
[
833,
886,
839,
896
],
[
904,
886,
911,
896
],
[
120,
898,
162,
908
],
[
325,
898,
339,
908
],
[
404,
898,
411,
908
],
[
476,
898,
482,
908
],
[
540,
898,
554,
908
],
[
619,
898,
625,
908
],
[
679,
898,
697,
908
],
[
754,
898,
768,
908
],
[
833,
898,
840,
908
],
[
904,
898,
911,
908
],
[
106,
921,
132,
931
],
[
286,
921,
339,
931
],
[
358,
921,
411,
931
],
[
439,
921,
482,
931
],
[
501,
921,
554,
931
],
[
587,
921,
625,
931
],
[
648,
921,
697,
931
],
[
713,
921,
768,
931
],
[
803,
921,
840,
931
],
[
863,
921,
911,
931
],
[
96,
947,
100,
951
],
[
103,
947,
520,
955
]
] | [
6,
6,
10,
10,
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10,
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10,
10,
10,
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9,
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9,
9,
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9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
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9,
9,
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2,
2
] | [
"161",
"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS",
"The major exposures in equity trading are in the form of options used",
"In addition, exchange rate fluctuations are hedged by syntheti-",
"for hedging the portfolio against market fluctuations. In managing in-",
"cally transforming financial assets and liabilities in foreign currencies",
"terest rate risk long-term interest income is primarily controlled by",
"into ",
"euro",
"-denominated financial instruments through foreign ex-",
"the use of interest rate caps. ",
"change deals and currency swaps.",
"Notional principal amounts and market values of open derivative",
"*)",
"positions as of December 31",
"Banking and Asset Management Segments",
"Maturity as of 12/31/2003",
"2003",
"2002",
"Up to",
"1",
"– 5",
"Over",
"Notional",
"Positive",
"Negative",
"Notional",
"Positive",
"Negative",
"1",
"year",
"years",
"5",
"years",
"principal ",
"market",
"market",
"principal",
"market",
"market",
"amounts",
"values",
"values",
"amounts",
"values",
"values",
"¤ ",
"mn",
"¤ ",
"mn",
"¤ ",
"mn",
"¤ ",
"mn",
"¤ ",
"mn",
"¤ ",
"mn",
"¤ ",
"mn",
"¤ ",
"mn",
"¤ ",
"mn",
"Interest rate contracts",
"1,515,201",
"901,471",
"571,487",
"2,988,159",
"38,826",
"– 37,563",
"2,509,613",
"46,500",
"– 44,794",
"OTC",
"Forwards",
"90,570",
"9,224",
"–",
"99,794",
"35",
"– 30",
"107,487",
"90",
"– 101",
"Swaps",
"1,277,414",
"795,547",
"509,556",
"2,582,517",
"37,403",
"– 35,519",
"2,105,324",
"44,994",
"– 42,585",
"Swaptions",
"202",
"18,291",
"45,091",
"63,584",
"597",
"– 1,472",
"59,987",
"562",
"– 1,571",
"Caps",
"13,896",
"34,173",
"8,626",
"56,695",
"267",
"– 120",
"56,073",
"296",
"– 105",
"Floors",
"10,708",
"16,899",
"6,441",
"34,048",
"479",
"– 376",
"36,427",
"518",
"– 413",
"Options",
"56",
"313",
"1,396",
"1,765",
"17",
"– 2",
"249",
"17",
"– ",
"Other",
"20",
"69",
"377",
"466",
"6",
"– 28",
"–",
"–",
"–",
"Exchange traded",
"Futures",
"86,958",
"22,599",
"–",
"109,557",
"8",
"– 7",
"133,509",
"14",
"– 12",
"Options",
"35,377",
"4,346",
"–",
"39,723",
"14",
"– 9",
"10,557",
"9",
"– 7",
"Swaps",
"–",
"10",
"–",
"10",
"–",
"–",
"–",
"–",
"–",
"Equity/Index contracts",
"86,963",
"101,705",
"10,059",
"198,727",
"5,873",
"– 6,711",
"128,598",
"7,113",
"– 6,770",
"OTC ",
"Swaps",
"3,341",
"6,069",
"762",
"10,172",
"617",
"– 564",
"3,980",
"520",
"– 426",
"Options",
"36,219",
"83,435",
"8,379",
"128,033",
"3,731",
"– 4,421",
"74,169",
"4,586",
"– 4,399",
"Warrants",
"–",
"–",
"20",
"20",
"2",
"–",
"–",
"–",
"–",
"Other",
"88",
"19",
"–",
"107",
"5",
"– 11",
"32",
"–",
"–8",
"Exchange traded",
"Futures",
"9,504",
"2",
"20",
"9,526",
"1",
"– 38",
"7,363",
"3",
"– 9",
"Options",
"37,811",
"12,180",
"878",
"50,869",
"1,517",
"– 1,677",
"43,054",
"2,004",
"– 1,928",
"Forwards",
"–",
"–",
"–",
"–",
"–",
"–",
"–",
"–",
"–",
"Foreign exchange",
"341,885",
"258,302",
"50,690",
"650,877",
"13,185",
"– 14,459",
"517,099",
"11,911",
"– 13,439",
"OTC ",
"Forwards",
"232,927",
"57,447",
"1,144",
"291,518",
"6,237",
"– 8,393",
"351,204",
"7,570",
"– 9,031",
"Swaps",
"47,083",
"167,241",
"43,654",
"257,978",
"5,578",
"– 4,025",
"78,710",
"3,306",
"– 3,091",
"Options",
"60,741",
"33,533",
"5,892",
"100,166",
"1,351",
"– 2,032",
"84,123",
"979",
"–1,284",
"Other",
"–",
"–",
"–",
"–",
"–",
"–",
"–",
"–",
"–",
"Exchange traded",
"Futures",
"1,134",
"81",
"–",
"1,215",
"13",
"– 9",
"3,062",
"56",
"– 33",
"Options",
"–",
"–",
"–",
"–",
"–",
"–",
"–",
"–",
"–",
"Forwards",
"–",
"–",
"–",
"–",
"6",
"–",
"–",
"–",
"–",
"Credit contracts",
"11,735",
"65,550",
"7,213",
"84,498",
"1,322",
"– 1,794",
"65,923",
"1,320",
"– 1,354",
"OTC ",
"Credit default swaps",
"9,204",
"64,560",
"6,642",
"80,406",
"979",
"– 981",
"56,760",
"807",
"– 657",
"Total return swaps",
"2,531",
"990",
"571",
"4,092",
"343",
"– 813",
"9,163",
"513",
"– 697",
"Other contracts",
"2,161",
"3,403",
"1,991",
"7,555",
"548",
"– 470",
"8,126",
"417",
"– 264",
"OTC ",
"Precious metals",
"1,921",
"2,685",
"1,746",
"6,352",
"417",
"– 344",
"7,841",
"416",
"– 263",
"Other",
"169",
"718",
"245",
"1,132",
"131",
"– 122",
"241",
"1",
"– 1",
"Exchange traded",
"Futures",
"6",
"–",
"–",
"6",
"–",
"–",
"–",
"–",
"–",
"Options",
"65",
"–",
"–",
"65",
"–",
"– 4",
"44",
"–",
"–",
"Total",
"1,957,945",
"1,330,431",
"641,440",
"3,929,816",
"59,754",
"– 60,997",
"3,229,359",
"67,261",
"– 66,621",
"*)",
"Positive and negative market values are shown on a gross basis, i.e. not taking into account netting effects"
] | train |
|
[
[
183,
36,
203,
46
],
[
81,
38,
171,
45
],
[
80,
93,
727,
106
],
[
301,
130,
398,
139
],
[
642,
130,
727,
139
],
[
81,
131,
298,
139
],
[
510,
131,
638,
139
],
[
81,
156,
404,
165
],
[
510,
156,
834,
165
],
[
81,
173,
283,
182
],
[
510,
173,
667,
182
],
[
652,
198,
657,
202
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6,
8,
8,
8,
8,
8,
10,
10,
10,
10,
10,
10,
10,
8,
10,
10,
10,
8,
8,
10,
8,
8,
10,
10,
10,
8,
10,
10,
10,
10,
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10,
10,
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10,
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10,
8,
8,
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10,
10,
10,
10,
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10,
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10,
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10,
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8,
10,
10,
10,
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10,
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2,
2,
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] | [
"184",
"ALLIANZ GROUP",
"Membership of Supervisory Board members in other corporate management bodies",
"since April 29, 2003",
"until May 5, 2004",
"DR. HENNING SCHULTE-NOELLE",
"JÜRGEN DORMANN",
"Membership in other statutory supervisory boards in Germany",
"Membership in other statutory supervisory boards in Germany",
"E.ON AG, Siemens AG, ThyssenKrupp AG",
"LION bioscience AG (Chairman)",
"*)",
"supervisory bodies",
"Membership in comparable",
"NORBERT BLIX",
"ABB Ltd. (Chairman), Aventis S. A. (Chairman)",
"Membership in other statutory supervisory boards in Germany",
"Allianz Versorgungskasse VVaG (Deputy Chairman)",
"since April 29, 2003",
"CLAUDIA EGGERT-LEHMANN",
"Membership in other statutory supervisory boards in Germany",
"since April 29, 2003",
"DR. WULF H. BERNOTAT",
"Dresdner Bank AG",
"Membership in other statutory supervisory boards in Germany",
"METRO AG, RAG AG (Chairman)",
"HINRICH FEDDERSEN",
"Membership in Group bodies",
"E.ON Energie AG (Chairman), Ruhrgas AG",
"Membership in other statutory supervisory boards in Germany",
"(Chairman)",
"Basler Versicherung Beteiligungsgesellschaft mbH, Deutscher Ring Lebens-",
"*)",
"versicherungs-AG",
"supervisory bodies",
"Membership in comparable",
"Membership in Group bodies",
"Powergen Limited (Chairman)",
"PETER HAIMERL",
"DR. DIETHART BREIPOHL",
"Membership in other statutory supervisory boards in Germany",
"Dresdner Bank AG (Deputy Chairman)",
"Membership in other statutory supervisory boards in Germany",
"Beiersdorf AG, Continental AG, KarstadtQuelle AG, KM Europa Metal AG ",
"(Chairman)",
"PROF. DR. RUDOLF HICKEL",
"*)",
"Membership in comparable",
"supervisory bodies",
"Membership in other statutory supervisory boards in Germany",
"GEWOBA AG Wohnen und Bauen in Bremen, Howaldtswerke Deutsche ",
"Assurances Générales de France, Banco Popular Español, BPI Banco Português ",
"Werft AG, Salzgitter AG Stahl und Technologie",
"de Investimento, Crédit Lyonnais, EULER HERMES",
"since April 29, 2003",
"BERTRAND COLLOMB",
"PROF. DR. RENATE KÖCHER",
"*)",
"Membership in comparable",
"supervisory bodies",
"Membership in other statutory supervisory boards in Germany",
"ATCO, Total, Vivendi Universal",
"BASF AG, MAN AG",
"Membership in Group bodies",
"Lafarge (Chairman)",
"FRANK LEY",
"DR. GERHARD CROMME",
"since April 29, 2003",
"KARL NEUMEIER",
"Membership in other statutory supervisory boards in Germany",
"Axel Springer Verlag AG, Deutsche Lufthansa AG, E.ON AG, Ruhrgas AG, ",
"Siemens AG, ThyssenKrupp AG (Chairman), Volkswagen AG",
"*)",
"Membership in comparable",
"supervisory bodies",
"BNP PARIBAS S. A., Suez S. A.",
"As of December 31, 2003 or (with members who resigned) day of resignation",
"*)",
"We regard foreign memberships as ”comparable“, if the foreign company is listed on a stock exchange or has more than 500 employees."
] | train |
|
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"Rocky Shoes & Boots, Inc. designs, develops, manufactures and markets ",
"premium quality rugged outdoor, occupational, and casual footwear, as well as ",
"branded clothing and accessories. The Company's footwear, clothing and ",
"accessories are marketed through several distribution channels, primarily under ",
"the registered trademark, ROCKY. ",
"FINANCIAL HIGHLIGHTS",
"(In Thousands, except for per share data)",
"2002",
"2001",
"2000",
"1999",
"1998",
"Income Statement Data",
"Net sales",
"$",
"88,959",
"$",
"103,320",
"$",
"103,229",
"$",
"98,781",
"$",
"89,316",
"Gross margin",
"23,431",
"23,252",
"24,612",
"15,524",
"21,131",
"S,G&A expense",
"18,662",
"18,176",
"21,427",
"20,702",
"17,825",
"Operating income",
"4,769",
"3,576",
"3,185",
"(5,178)",
"3,306",
"Net income (loss)",
"$",
"2,843",
"$",
"1,531",
"$",
"97",
"$",
"(5,130)",
"$",
"2,262",
"Net income (loss) per diluted share",
"$",
"0.62",
"$",
"0.34",
"$",
"0.02",
"$",
"(1.09)",
"$",
"0.41",
"Balance Sheet Data",
"Inventories",
"$",
"23,182",
"$",
"27,714",
"$",
"32,035",
"$",
"32,573",
"$",
"47,110",
"Total assets",
"68,417",
"74,660",
"86,051",
"89,333",
"96,598",
"Long-term debt ",
"10,488",
"16,976",
"26,445",
"25,177",
"26,878",
"(1)",
"Shareholders’ equity",
"52,393",
"51,043",
"50,326",
"50,229",
"59,635",
"Gross Margin ",
"Net income per diluted share",
"% of net sales",
"$0.62",
"26.3%",
"$0.41",
"23.6%",
"$0.34",
"23.8%",
"22.5%",
"$0.02",
"15.7%",
"($1.09)",
"1998",
"1999",
"2000",
"2001",
"2002",
"1998",
"1999",
"2000",
"2001",
"2002",
"(1)",
"Debt ",
"Inventory",
"$ 26",
",",
"878",
"$ 47",
",",
"110",
"$ 26",
",",
"445",
"$ 25",
",",
"177",
"$ 32",
",",
"573",
"$ 32",
",",
"035",
"$ 16",
",",
"976",
"$ 27",
",",
"714",
"$ 23",
",",
"182",
"$ 10",
",",
"488",
"1998",
"1999",
"2000",
"2001",
"2002",
"1998",
"1999",
"2000",
"2001",
"2002",
"less current maturities",
"(1)"
] | train |
|
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] | [
"Notes To Consolidated Financial Statements",
"2004 ",
"2003 ",
"2002",
"Fair value per stock option",
"$15.15 ",
"$10.30 ",
"$7.89",
"Risk-free interest rate ",
"3.7% ",
"3.8% ",
"5.0%",
"Expected volatility rate ",
"49% ",
"47% ",
"47%",
"Expected life of options (in years) ",
"6 ",
"7 ",
"7",
"Assumed annual dividend ",
"$ 0.80 ",
"$ 0.36$^{a}$ ",
"—",
"a.",
"Assumed annual dividend for 2003 only applied to grants made after February 5, 2003.",
"Earnings Per Share.",
" FCX’s basic net income per share of ",
"a reconciliation of net income and weighted-average common ",
"common stock was calculated by dividing net income appli-",
"shares outstanding for purposes of calculating diluted net ",
"cable to common stock by the weighted-average number of ",
"income per share (in thousands, except per share amounts):",
"common shares outstanding during the year. The following is ",
"2004 ",
"2003 ",
"2002",
"Net income before preferred dividends and cumulative effect of changes i",
"n accounting principles ",
"$202,267 ",
"$197,253 ",
"$167,703",
"Preferred dividends ",
" (45,491) ",
" (27,441) ",
" (37,604)",
"Net income before cumulative effect ",
" 156,776 ",
" 169,812 ",
" 130,099",
"Cumulative effect of changes in accounting principles ",
"— ",
" (15,593) ",
"(3,049)",
"Net income applicable to common stock ",
"$156,776 ",
"$154,219 ",
"$127,050",
"Weighted average common shares outstanding ",
" 182,272 ",
" 155,805 ",
" 144,649",
"Add: Dilutive stock options (see Note 7) ",
"2,197 ",
"3,094 ",
"1,498",
"Restricted stock (see Note 7) ",
"454 ",
"203 ",
"271",
"Weighted average common shares outstanding for purposes of calculating ",
"diluted ",
" net income per share ",
" 184,923 ",
" 159,102 ",
" 146,418",
"Diluted net income per share of common stock:",
"Before cumulative effect ",
"$ ",
"0.85 ",
"$ ",
"1.07 ",
"$ ",
"0.89",
"Cumulative effect ",
"— ",
"(0.10) ",
"(0.02)",
"Net income per share of common stock ",
"$ ",
"0.85 ",
"$ ",
"0.97 ",
"$ ",
"0.87",
"Outstanding stock options with exercise prices greater than ",
"because including the conversion of these instruments would ",
"the average market price of FCX’s common stock during ",
"have increased reported diluted net income per share. A ",
"the year are excluded from the computation of diluted net ",
"recap of the excluded amounts follows (in thousands, except ",
"income per share of common stock. In addition, certain ",
"exercise prices):",
"convertible instruments (see Notes 5 and 7) are excluded ",
"2004 ",
"2003 ",
"2002",
"Weighted average outstanding options ",
"— ",
"1,718 ",
"7,878",
"Weighted average exercise price ",
"— ",
"$ ",
"30.37 ",
"$ ",
"22.73",
"Interest on 7% Convertible Senior Notes, net of taxes$^{a}$ ",
"$ 41,430 ",
"$ 36,873 ",
"N/A",
"Weighted average shares issuable upon conversion$^{a}$ ",
"18,625 ",
"16,463 ",
"N/A",
"Dividends on 5 ",
"/2% Convertible Perpetual Preferred Stock$^{b}$ ",
"$ 45,491 ",
"N/A ",
"N/A",
"1",
"Weighted average shares issuable upon conversion$^{b}$ ",
"15,632 ",
"N/A ",
"N/A",
"Interest on 8 ",
"/4% Convertible Senior Notes, net of taxes$^{c}$ ",
"$ ",
"3,829 ",
"$ 39,902 ",
"$ 50,488",
"1",
"Weighted average shares issuable upon conversion$^{c}$ ",
"3,073 ",
"33,992 ",
"42,220",
"Dividends on Step-Up Convertible Preferred Stock$^{d}$ ",
"N/A ",
"$ 20,532 ",
"$ 24,499",
"Weighted average shares issuable upon conversion$^{d}$ ",
"N/A ",
"11,424 ",
"11,690",
"a.",
"FCX’s 7% Convertible Senior Notes were issued on February 11, 2003, and are convertibl",
"e into 18.6 million shares of common stock (see Note 5).",
"b.",
"On March 30, 2004, FCX sold 1.1 million shares of 5 ",
"/2% Convertible Perpetual Prefer",
"re",
"d Stock for $1.1 billion, with net proceeds totaling $1.067 billion (see Note 7).",
"1",
"c.",
"51.5 percent of FCX’s 8 ",
"/4% Convertible Senior Notes converted to FCX common stock ",
"i",
"n August 2003. In January 2004, approximately 37 percent converted to FCX common ",
"1",
"stock and the remaining notes converted to FCX common stock in July 2004 (see Note ",
"5",
").",
"d.",
"FCX’s Step-Up Convertible Preferred Stock was redeemed in December 2003 (see Note 7).",
" FREEPORT-McMoRan COPPER & GOLD INC.",
"60",
"|"
] | train |
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"MANAGEMENT’S",
"DISCUSSION AND ANALYSIS",
"The",
"following chart identifies the impact of foreign currency movements, foreign currency hedges and underlying",
"operations",
"on reported revenue and operating profits (in $000’s):",
"2004",
"2003",
"Reported revenue, prior year",
"$584,924",
"$618,093",
"Impact of currency movements",
"(19,277)",
"(38,043)",
"5",
"Impact of U.S. dollar hedges",
"21,396",
"Change in operating revenue",
"(48,667)",
"4,874",
"Reported revenue, current year",
"$538,376",
"$584,924",
"Reported operating profit, prior year",
"$124,121",
"$119,168",
"Impact of currency movements",
"(6,920)",
"(13,193)",
"6",
"Impact of U.S. dollar hedges",
"7,648",
"14,924",
"Impact of other currency hedges",
"(436)",
"513",
"Change in operating profit",
"(27,231)",
"2,709",
"Reported operating profit, current year",
"$97,182",
"$124,121",
"Depreciation and amortization ",
"8,502",
"7,780",
"Segment EBITDA",
"$105,684",
"$131,901",
"Reported margins:",
"7",
"Operating profit ",
"18.1%",
"21.2%",
"7",
"EBITDA ",
"19.6%",
"22.6%",
"Impact of foreign exchange contracts on margins:",
"Reported operating profit, current year",
"$97,182",
"$124,121",
"Hedge gains",
"22,025",
"14,813",
"Operating profit before hedge gains",
"$75,157",
"$109,308",
"Operating profit margin",
"14.5%",
"18.7%",
"EBITDA margin",
"16.2%",
"20.0%",
"North America Retail results reflected the weakness in the",
"Book Publishing",
"revenues",
"were down $48.6 million in",
"U.S. mass-market paperback segment of the consumer",
"2004",
"excluding",
"the impact of foreign exchange. North",
"book publishing industry in 2004. Statistics published by",
"America Retail was down $18.5",
"million,",
"North America",
"the Association of American Publishers indicate that net",
"Direct-To-Consumer was down $12.6",
"million",
"and",
"billings of mass-market paperbacks were down 8.9% in",
"Overseas was down $11.3",
"million.",
"In 2003, the former",
"2004. This segment, which represents the majority of",
"Creativity division had revenues of $6.2 million.",
"Harlequin’s sales, was negatively affected by mega best",
"Book Publishing",
"operating",
"profits were down $27.2 million",
"sellers, including fiction, diet and lifestyle books that",
"in 2004 excluding the impact of foreign exchange.",
"North",
"drew away consumer dollars and reading time.Harlequin",
"America Retail was down $19.4 million, North",
"America",
"also faced heavy discounting of some products by ",
"Direct-To-Consumer",
"was",
"down $4.7 million and",
"competitors. North America Retail sold fewer books in",
"Overseas",
"was",
"down $5.1 million. In 2003, the former",
"2004 as both series and single title programs were affected",
"Creativity division had operating losses of $2.0 million.",
"by this trend.",
"5",
"The impact of the U.S.",
"dollar hedges is reported in revenue effective January 1, 2004. The 2003 U.S. dollar hedges were reported directly in operating profit. Torstar has hedged ",
"$75 million of its U.S.",
"dollar revenue at $1.58 in 2004 and $76 million at $1.59 in 2005. There are no hedges in place for 2006. For more details see Note 13 in Torstar’s ",
"December 31, 2004 annual financial statements.",
"$^{6}$Gains on the U.S.",
"dollar hedges were recorded in operating profit in 2003. Therefore the impact on operating profit in 2004 is the year over year change. ",
"$^{7}$If the 2003 U.S.",
"dollar hedge gain had been reported in revenue, the 2003 operating and EBITDA margins would have been 20.7% and 22.0% respectively.",
"30",
"TORSTAR 2004"
] | train |
|
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"the nature of united technologies / ",
"pratt & whitney",
"Mothers of Invention",
"Pratt Power",
"The",
"Bombardier",
"Atlas V",
"The newest",
"Pratt Canada",
"The Pratt",
"Kathy Spink, Debra",
"JetTrain* locomotive is the",
"member of the Atlas",
"& Whitney Canada-",
"Desrocher and Archie",
"first application of Pratt &",
"family, a Lockheed Martin",
"powered Cessna Citation",
"Deskus took the initiative",
"Whitney’s ST40 gas turbine in",
"Atlas V successfully ",
"Sovereign business jet ",
"to develop the Supplier",
"a high-speed passenger train.",
"placed a European",
"successfully completed ",
"Direct Ship information",
"The ST40 is a lightweight",
"television satellite into",
"its first flight in February.",
"system, which tracks",
"alternative for high-speed ",
"orbit. The first stage was",
"The new jet will enter ",
"inventory and parts at",
"rail, at one-tenth the size ",
"powered by the RD-180",
"service in 2004. ",
"both Pratt & Whitney and",
"and 38,000 pounds lighter",
"engine produced by RD",
"Hamilton Sundstrand,",
"than standard diesel train",
"AMROSS, LLC, a joint",
"saving time, and – best of",
"engines of equivalent power.",
"venture of Pratt & Whitney",
"all – millions of dollars.",
"and NPO Energomash of",
"Russia. The upper stage",
"was powered by a Pratt",
"*Trademark of Bombardier Inc.",
"RL10A-4-2 engine.",
"10",
"united technologies corporation"
] | train |
|
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"9",
"VORNADO REALTY TRUST",
"We forecast FFO to decline as PTO vacates and then",
"Our current financial model of the effect on Vornado’s FFO",
"■",
"rebound as we lease-up as follows.",
"of PTO’s move-outs and our forecasted",
"subsequent",
"lease-",
"up is based upon (i) an increase in average straight-lined",
"escalated rent from the current $26.61 per square foot to",
"2004 Q4",
"($ 1,500,000)",
"2005",
"($14,300,000)*",
"replacement straight-lined rent of $33.50 per square foot,",
"2006",
"($ 5,200,000)",
"(ii) one year of downtime with a corresponding reduction ",
"2007",
"$ 8,900,000",
"in variable expenses, and (iii) taking 901,000 square feet",
"2008",
"$13,500,000",
"out of service for 9–18 months including capitalizing appli-",
"*",
"2005 by quarter—Q1 ($3,100,000), Q2 ($3,900,000), ",
"Q3",
"($4,400,000), Q4 ($2,900,000).",
"cable costs.",
"We believe our business is certainly large enough and",
"To summarize:",
"strong enough to absorb the PTO blip in 2004–2006 with-",
"PTO is moving out of 1,939,000 square feet over the next",
"■",
"out missing a beat.",
"couple of years. (Recently, the PTO advised us they",
"intend to retain approximately 200,000 square feet",
"through at least 2007.)",
"At the end of the day, we forecast an increase in FFO of",
"$13.5 million from the PTO space—the result of replacing",
"We will take 901,000 square feet in the four oldest build-",
"■",
"$26.61 per square foot rents with $33.50 per square foot",
"ings out of service for modernization that will take 9-18",
"rents. Looking at it another way, we expect about a 9%",
"months. Our capital budget for this is $122 million ($135",
"return on the incremental capital invested.",
"per square foot). Our capital budget for the remaining",
"space is approximately $30 million. ",
"(10)",
"(10)",
"Reconciling",
"the $75 million capital budget we underwrote at the time of this acquisition to the current",
"budget",
"of $152 million is a result of changed assumptions. In the original underwriting we projected",
"leasing",
"over one third of the PTO space at about $26 per square foot with minimal capital expenditures.",
"The",
"current plan is to totally modernize 901,000 square feet to new building standards with a ",
"corresponding $7.00 per square foot increase in rent. ",
"And please remember, all this is still a forecast."
] | train |
|
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"Consolidated Statements of Stockholders’ Equity and Comprehensive Income",
"Accumulated",
"other ",
"Total",
"compre-",
"Compre-",
"Stockholders’",
"Common",
"Capital",
"hensive",
"Retained",
"Treasury",
"hensive",
"equity",
"stock",
"Warrants",
"surplus",
"loss (1)",
"earnings",
"stock",
"income",
"(In thousands)",
"Balance, December 31, 1997",
"$",
"95,323",
"$",
"96",
"$",
"2,154",
"$",
"87,107",
"$",
"(195)",
"$",
"6,161",
"$",
"–",
"Net income",
"12,315",
"–",
"–",
"–",
"–",
"12,315",
"–",
"$",
"12,315",
"Foreign currency translation",
"adjustments",
"(1,627)",
"–",
"–",
"–",
"(1,627)",
"–",
"–",
"(1,627)",
"Comprehensive income",
"–",
"–",
"–",
"–",
"–",
"–",
"–",
"$",
"10,688",
"Provision in lieu of income taxes,",
"net of benefit of extraordinary",
"item of $3,381",
"4,770",
"–",
"–",
"4,770",
"–",
"–",
"–",
"Issuance of common stock",
"22,485",
"11",
"–",
"22,474",
"–",
"–",
"–",
"Common stock issued under",
"stock option plans",
"518",
"2",
"–",
"516",
"–",
"–",
"–",
"Treasury stock, at cost",
"(13,968)",
"–",
"–",
"–",
"–",
"–",
"(13,968)",
"Balance, December 31, 1998",
"119,816",
"109",
"2,154",
"114,867",
"(1,822)",
"18,476",
"(13,968)",
"Net income",
"27,821",
"–",
"–",
"–",
"–",
"27,821",
"–",
"$",
"27,821",
"Foreign currency translation",
"adjustments",
"(401)",
"–",
"–",
"–",
"(401)",
"–",
"–",
"(401)",
"Comprehensive income",
"–",
"–",
"–",
"–",
"–",
"–",
"–",
"$",
"27,420",
"Provision in lieu of income taxes",
"15,645",
"–",
"–",
"15,645",
"–",
"–",
"–",
"Common stock issued pursuant",
"to warrants exercised",
"10,015",
"7",
"(1,190)",
"11,198",
"–",
"–",
"–",
"Value of expired warrants",
"–",
"–",
"(964)",
"964",
"–",
"–",
"–",
"Common stock issued under",
"stock option plans",
"221",
"1",
"–",
"220",
"–",
"–",
"–",
"Treasury stock, at cost",
"(2,868)",
"–",
"–",
"–",
"–",
"–",
"(2,868)",
"Balance, December 31, 1999",
"170,249",
"117",
"–",
"142,894",
"(2,223)",
"46,297",
"(16,836)",
"Net income",
"40,089",
"–",
"–",
"–",
"–",
"40,089",
"–",
"$",
"40,089",
"Foreign currency translation",
"adjustments",
"(1,683)",
"–",
"–",
"–",
"(1,683)",
"–",
"–",
"(1,683)",
"Comprehensive income",
"–",
"–",
"–",
"–",
"–",
"–",
"–",
"$",
"38,406",
"Provision in lieu of income taxes",
"24,422",
"–",
"–",
"24,422",
"–",
"–",
"–",
"Common stock issued under",
"stock option plans",
"426",
"–",
"–",
"426",
"–",
"–",
"–",
"Treasury stock, at cost",
"–",
"–",
"–",
"–",
"–",
"–",
"–",
"Balance, December 31, 2000",
"$",
"233,503",
"$",
"117",
"–",
"$",
"167,742",
"$",
"(3,906)",
"$",
"86,386",
"$",
"(16,836)",
"(1)",
"Represents cumulative foreign currency translation adjustments.",
"The accompanying notes to consolidated financial statements are an integral part of these statements.",
"26",
"EMCOR, 2000 Annual Report"
] | train |
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"ZIMMER HOLDINGS, INC. AND SUBSIDIARIES",
"2003 FORM 10-K",
"Company to offer surgeons cost-effective quality products,",
" System. The ",
"system is a complete line",
"Sirus",
"Sirus ",
"˛",
"including, among others:",
"of intramedullary nails, screws, and instruments used in the",
"treatment of long bone fractures. All implants in this system",
"$^{TM}$ External Fixation System. In June 2003,",
"TransFx",
"are made of titanium and are anatomically designed to more",
"the Company announced its purchase of the ",
"TransFx",
"effectively mimic the appropriate anatomy. The femoral",
"External Fixation System product line from Immedica, Inc.,",
"implant is uniquely designed to allow surgeons to use a less",
"a line that the Company has sold under a distribution",
"invasive surgical approach.",
"arrangement since 2001. The innovative design of the",
"Orthopaedic Surgical Products",
"line provides excellent fracture reduction while",
"TransFx ",
"contributing to efficient inventory management within the",
"The Company manufactures and markets other surgical",
"hospitals. The ",
"line is a comprehensive system with",
"TransFx ",
"products, which surgeons use for both orthopaedic and non-",
"a broad range of sizes capable of treating most any fracture",
"orthopaedic procedures, including tourniquets, blood",
"where external fixation is utilized.",
"management systems, wound debridement products, traction",
" Intramedullary Fixation. The ",
"devices and orthopaedic softgoods. The Company has",
"M/DN",
"M/DN",
"˛",
"intramedullary nailing system for the internal fixation of long",
"developed and intends to continue developing technologically",
"bone fractures incorporates implants and instruments to align",
"advanced surgical products to support its reconstructive",
"and fix fractures of the tibia, femur and humerus. The system",
"implant and trauma product systems in the operating room",
"has multiple screw options to provide increased surgical",
"environment with a focus on blood and pain management",
"flexibility. An innovative screw hole configuration has",
"products.",
"expanded applications for the product. In addition, a",
"$^{9}$ Orthopedic Perioperative",
"OrthoPAT",
"˛",
"minimally invasive approach has been developed and",
"Autotransfusion System. This innovative autotransfusion",
"introduced to further expand the brand in the marketplace.",
"system, which includes patented disposable components, has",
"$^{TM}$ Intertrochanteric/Subtrochanteric Fixation",
"been specifically designed to collect and prepare a patient’s",
"ITST",
"System. The ",
" line of nails and screws is part of the",
"own blood for re-infusion during and following an open",
"ITST",
"family of intramedullary solutions for proximal femoral",
"surgical procedure. Depending on the nature of the surgery",
"M/DN ",
"fractures and was fully launched in 2003. The implants",
"performed, multiple ",
" autotransfusion units may be",
"OrthoPAT",
"expand the indications for use of an intramedullary device",
"required for a single procedure. The Company markets",
"for fixing these types of fractures. The system also allows",
"Autotransfusion Systems through an exclusive",
"OrthoPAT ",
"for a simpler lateral surgical approach.",
"distribution arrangement in the United States and Canada.",
" Periarticular Plating System. The",
"$^{TM}$ Wound Debridement System.",
"Zimmer",
"Pulsavac",
"Plus",
"˛",
"˛",
"periarticular plating system, used to stabilize fractures near",
"The Company introduced the ",
"Lavage System,",
"Pulsavac Plus ",
"joints, permits fracture fixation plates to be more accurately",
"a variable-powered, fully disposable debridement system with",
"fitted to the anatomy of the periarticular, or joint, region of",
"the versatility to meet the needs of today’s operating room.",
"the bone. The system has been expanded to include virtually",
"The ",
"$^{TM}$ system is a low pressure, disposable",
"Pulsavac LP",
"all regions of the anatomy including femur, tibia, humerus,",
"debridement system. Based on the successful design of the",
"radius, ulna and fibula.",
"product, it is intended for applications",
"Pulsavac Plus ",
"requiring low-pressure lavage to help remove necrotic tissue",
" Plates and Screws ",
"$^{TM}$’’). The ",
"Zimmer",
"(‘‘ZPS",
"ZPS",
"˛",
"and facilitate healing.",
"internal fracture fixation system is a comprehensive system",
"of stainless steel plates, screws and instruments for internal",
" Tourniquet Systems. The ",
" product line",
"A.T.S.",
"A.T.S.",
"˛",
"fracture compression. Because this system is compatible with",
"represents a complete family of tourniquet machines and",
"major competitive systems made by other market",
"cuffs. The family of three machines is designed to meet the",
"participants, it affords surgeons added flexibility and value.",
"demands of a wide variety of health care facilities and clinical",
"applications. The range of cuffs which complement the",
" Cable Grip System. The patented",
"Cable-Ready",
"˛",
"machines provides the flexibility to occlude blood flow safely",
"Cable Grip System encircles bone fragments",
"Cable-Ready ",
"with convenience and accuracy for adult limbs of every size",
"with wire to hold them together. The system has an",
"and shape.",
"innovative mechanism that minimizes cable tension loss",
"Sports Medicine",
"typical of similar cable system devices.",
" Cannulated Screws. A full range of",
"The Company markets a limited product line in the area",
"Zimmer",
"˛",
"$^{8}$ 108 stainless steel is",
"of sports medicine which is focused on products for the",
"cannulated screws utilizing ",
"Biodur",
"˛",
"believed by the Company to be the first product line on the",
"fixation and repair of soft tissues and cartilage as an early",
"market utilizing the new high strength stainless steel. The",
"stage treatment, including:",
"strength allows larger cannulation which permits larger guide",
"Collagen Meniscus Implant (‘‘CMI’’). Studies have",
"wires making surgery easier to perform.",
"shown that partial loss of menisci may increase the potential",
"$^{8}$Trademark of CRS Holdings, Inc.",
"$^{9}$Trademark of Haemonetics Corporation",
"10"
] | train |
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"BOK FINANCIAL CORPORATION",
"Annual Financial Summary — Unaudited",
"Consolidated Daily Average Balances,",
"Average Yields and Rates",
"(Dollars in Thousands Except Per Share Data)",
"2001",
"Average",
"Revenue/",
"Yield/",
"Balance",
"Expense!",
"Rate",
"Assets",
"Taxable securities",
"$2,989,967",
"$184,464",
"6.17%",
"Tax-exempt securities",
"277,309",
"19,935",
"719",
"Total securities",
"3,267,276",
"204,399",
"6.26",
"Trading securities",
"18,504",
"1,200",
"6.49",
"Funds sold and resell agreements",
"18,419",
"829",
"4.50",
"Loans?",
"5,989,224",
"456,250",
"7.62",
"Less reserve for loan losses",
"92,392",
"-",
"Loans, net'of reserve",
"5,896,832",
"456,250",
"7.74",
"Total earning assets",
"9,201,031",
"662,678",
"7.20",
"Cash.and other assets",
"1,016,003",
"Total assets",
"$10,217,034",
"Liabilities and Shareholders’ Equity",
"Transaction deposits",
"$ 2,267,032",
"49,893",
"2.20%",
"Savings deposits",
"154,934",
"2,281",
"1.47",
"Time deposits",
"2,960,170",
"156,213",
"5.28",
"Total interest-bearing",
"deposits",
"5,382,136",
"208,387",
"3.87",
"Federal funds purchased and repurchase agreements",
"1,652,467",
"64,358",
"3.89",
"Other borrowed funds",
"974,907",
"44,191",
"4.53",
"Subordinated debenture",
"180,211",
"10,923",
"6.06",
"Total interest-bearing habilities",
"8,189,721",
"327,859",
"4.00",
"Demand deposits",
"1,102,958",
"Other liabilities",
"145,511",
"Shareholders’ equit",
"778,844",
"Total liabilities and shareholders’ equity",
"$10,217,034",
"Tax-equivalent Net Interest Revenue",
"334,819",
"220%",
"Tax-equivalent Net Interest Revenue to Earning Assets",
"Less tax-equivalent adjustment",
"8,045",
"Net Interest Revenue",
"326,774",
"Provision for loan losses",
"37,610",
"Other operating revenue",
"259,640",
"Other. operating expense",
"368,762",
"Income before taxes",
"180,042",
"Federal-and state income tax",
"63,740",
"Net Income",
"$116,302",
" \"Tax equivalent at thé statutory federal and state rates of 38.9% for the periods presented. The taxable equivalent adjustments shown are for",
",",
",",
"comparative purposes.",
"comparative purposes.",
"? The loan ‘averages included loans on which the accrual of interest has been discontinued and are stated net of unearned income. See Note 1",
"? The loan ‘averages included loans on which the accrual of interest has been discontinued and are stated net of unearned income. See Note 1",
"of Notes to the Consolidated Financial Statements for:a description of income recognition policy.",
"60"
] | train |
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"ZIMMER HOLDINGS, INC. AND SUBSIDIARIES",
"2003 FORM 10-K",
"are the two primary restorative dental products of the",
"level of confidence in fusion assessment. Implantation of the",
"Company:",
"Vista system is consistent in surgical technique and",
"BAK ",
"instrumentation to the ",
"$^{TM}$ Interbody Fusion System.",
"BAK",
"$^{TM}$ Custom Abutment. The ",
"Custom",
"Atlantis ",
"Atlantis",
"Abutment system is marketed by the Company through an",
"$^{TM}$ Select Anterior Cervical Plate System.",
"Trinica",
"agreement with Atlantis Components, Inc. This product",
"The ",
"Select Anterior Cervical Plate System features",
"Trinica ",
"allows for a custom made restoration improving aesthetic",
"a slim, low-profile design and multiple screw options that",
"results in dental implant procedures.",
"enable the surgeon to customize the construct to each",
"patient’s unique anatomy. The innovative locking mechanism",
"$^{TM}$ System. Utilizing patented designs,",
"PureForm",
"and instrumentation set makes implantation and securing of",
"the ",
"System is a ceramic system which allows",
"PureForm ",
"the screws fast and simple.",
"clinicians to provide to their patients a more natural looking",
"restoration. This easy to use concept provides the clinician",
" Cervical Specialty Allograft. The ",
"Puros",
"Puros",
"˛",
"a product to custom fabricate and color the crown to each",
"Cervical Specialty Allograft, manufactured by Tutogen",
"patient’s individual needs.",
"Medical, GmbH, is a precision-machined radius allograft",
"designed to offer consistent strength and sizing. The features",
"Dental Regenerative Products",
"of the graft are its four degree angle to maintain lordosis and",
"The Company markets the following two product lines",
"surface texturing to minimize migration. Using the ",
"Puros",
"for use in regenerative techniques in oral surgery:",
"Cervical Specialty graft in conjunction with the ",
"Trinica",
"Select Anterior Cervical Plate System, surgeons can look",
" Material. The ",
"Material is an allograft",
"Puros",
"Puros ",
"˛",
"to one source for their cervical fusions. ",
"Specialty",
"Puros ",
"$^{3}$ tissue",
"bone grafting material which utilizes the ",
"Tutoplast",
"˛",
"Allografts are also available for use in ALIF and PLIF",
"processing technique that provides exceptional bone grafting",
"procedures.",
"material for use in oral surgery. The ",
"material is",
"Puros ",
"Õ",
"Õ",
"$^{TM}$ Spinal Fixation System. The ",
" Spinal",
"recognized as an excellent bone grafting material by clinicians",
"ST360",
"ST360",
"throughout the world. Additional products are planned to",
"Fixation System combines the benefits of an offset connector",
"Õ",
"come to market in the near future for additional procedures",
"with a patented polyaxial screw technology. The ",
"ST360",
"in oral surgery.",
"system also provides the surgeon with the freedom to choose",
"implant sizes tailored to the individual patient anatomies",
"$^{4}$ and ",
"$^{TM}$ Products.",
"Biomend",
"Biomend Extend",
"˛",
"while utilizing controlled reduction of spondylolisthesis.",
"Periodontal and oral surgery often require the use of a",
"$^{7}$ Dynamic Stabilization System. The",
"membrane to cover the surgical site. The ",
"family",
"Biomend ",
"Dynesys",
"˛",
"of collagen based membranes offer the surgeon excellent",
"Dynamic Stabilization System is a new concept in",
"Dynesys ",
"handling characteristics while typically reducing the patient’s",
"the treatment of lower back and leg pain. The ",
"Dynesys",
"surgery to one visit.",
"System combines the surgical approach of traditional fusion",
"with the philosophy of Dynamic Stabilization, using flexible",
"Spine Implants",
"materials to stabilize the spine while preserving anatomical",
"With the acquisition of Centerpulse, the Company",
"function. The use of this ",
"System continues to grow",
"Dynesys ",
"established a presence in the spinal market. Centerpulse was",
"in Europe and the Company currently plans to introduce the",
"one of the first spinal implant companies to introduce the",
"system in other regions. The ",
"product is undergoing",
"Dynesys ",
"‘‘cage’’ for lumbar spine Intervertebral Body Fusion (IBF).",
"an FDA approval clinical trial in the United States.",
"The Company plans to continue research and development",
"Trauma",
"efforts in the United States and Switzerland in attempt to",
"reinforce and expand the Company’s spinal product line",
"Trauma products include devices used primarily to",
"categories and franchises. The Company has over ten active",
"reattach or stabilize damaged bone and tissue to support the",
"spinal research and development projects, including projects",
"body’s natural healing process. The most common surgical",
"in the areas of fusion, non-fusion, and biologic fusion",
"stabilization of bone fracture involves the internal fixation",
"alternatives. As of the acquisition, Centerpulse offered spine",
"of bone fragments. This stabilization can involve the use of",
"products in the following five significant categories or",
"a wide assortment of plates, screws, rods, wires and pins.",
"franchises.",
"In addition, tissue attachment devices are used to treat soft",
"tissue trauma. The Company offers a comprehensive line of",
"$^{TM}$ Vista",
" Interbody Fusion System. The ",
"BAK",
"BAK",
"˛",
"products designed for use in the fixation of fractures,",
"Vista Interbody Fusion System is constructed of radiolucent,",
"including hip fixation products, plates, screws, pins, wires",
"carbon-fiber reinforced PEEK polymer. The implant allows",
"and nails. The expanded trauma product line enables the",
"for unobstructed radiologic visualization, providing a new",
"$^{7}$The ",
"Spinal System is currently considered an investigational",
"Dynesys ",
"$^{3}$Registered Trademark of Tutogen Medical, Inc.",
"device and is limited by U.S. federal law to investigational use only.",
"$^{4}$Registered Trademark of Integra Lifesciences Corporation.",
"9"
] | train |
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"Corporate Information",
"STOCK TRANSFER, DIVIDEND DISBURSING",
"ANNUAL MEETING",
"AND REINVESTMENT AGENT",
"The Annual Meeting of Stockholders will be held on",
"Wednesday, April 23, 2003, at 10 a.m. at the Company’s",
"Fleet National Bank",
"Executive Office, located at 1720 North First Street in San",
"c/o EquiServe L.P.",
"Jose, California. Details of the business to be transacted during",
"P.O. Box 43010",
"the meeting will be contained in the proxy material, which",
"Providence, RI 02940-3010",
"will be mailed to stockholders on or about March 26, 2003.",
"(800) 736-3001",
"DIVIDEND DATES FOR 2003",
"TO TRANSFER STOCK",
"Quarter",
"Declaration",
"Record Date",
"Payment Date",
"A change of ownership of shares (such as when stock is ",
"sold or gifted or when owners are deleted from or added ",
"First",
"January 29",
"February 7",
"February 21",
"to stock certificates) requires a transfer of stock.To transfer",
"Second",
"April 23",
"May 2",
"May 16",
"stock, the owner must complete the assignment on the back",
"Third",
"July 23",
"August 1",
"August 15",
"of the certificate and sign it exactly as his or her name",
"Fourth",
"October 22",
"October 31",
"November 14",
"appears on the front.This signature must be guaranteed ",
"by an eligible guarantor institution (banks, stock brokers,",
"savings and loan associations and credit unions with mem-",
"ANNUAL REPORT FOR 2002 ON FORM 10-K",
"bership in approved signature medallion programs) pursuant ",
"to SEC Rule 17Ad-15. A notary’s acknowledgement is not",
"A copy of the Company’s report for 2002 filed with the",
"acceptable.This certificate should then be sent to EquiServe,",
"Securities and Exchange Commission (SEC) on Form 10-K",
"L.",
"P. Stockholder Services, by registered or certified mail",
"will be available in April 2003 and can be obtained by any",
"with complete transfer instructions.",
"stockholder at no charge upon written request to the",
"address below. The Company’s filings with the SEC can",
"BOND REGISTRAR",
"viewed via the link to the SEC’s EDGAR system on the",
"Company’s web site.",
"US Bank Trust, N.A.",
"One California Street",
"STOCKHOLDER INFORMATION",
"San Francisco, CA 94111-5402",
"(415) 273-4580",
"California Water Service Group",
"Attn: Stockholder Relations",
"56",
"EXECUTIVE OFFICE",
"1720 North First Street",
"San Jose, CA 95112-4598",
"California Water Service Group",
"(408) 367-8200 or (800) 750-8200",
"1720 North First Street",
"http://www.calwater.com",
"San Jose, CA 95112-4598",
"(408) 367-8200",
"Officers",
"CALIFORNIA WATER SERVICE COMPANY",
"1,2,3",
"Christine L. McFarlane",
"Vice President, Human Resources",
"Robert W. Foy ",
"Chairman of the Board",
"1,2,3",
"Raymond H.Taylor",
"Vice President, Operations",
"President and Chief Executive Officer",
"Peter C. Nelson ",
"4",
"Vice President, Customer Service, and ",
"Dan L. Stockton",
"Vice President, Chief Information Officer",
"Paul G. Ekstrom ",
"Corporate Secretary",
"1",
"Controller,Assistant Secretary and ",
"Calvin L. Breed ",
"1,2,3",
"Assistant Treasurer",
"Richard D. Nye ",
"Vice President, Chief Financial Officer ",
"and Treasurer",
"WASHINGTON WATER SERVICE COMPANY",
"2,5",
"Francis S. Ferraro ",
"Vice President, Regulatory Matters and",
"Michael P. Ireland",
"President",
"Corporate Development",
"NEW MEXICO WATER SERVICE COMPANY",
"2",
"Robert R. Guzzetta ",
"Vice President, Engineering and ",
"Water Quality",
"Robert J. Davey",
"President",
"1",
"Holds the same position with California Water Service Group",
"4",
"Also Corporate Secretary of California Water Service Group,",
"CWS Utility Services,Washington Water Service Company and ",
"2",
"Also an officer of CWS Utility Services",
"New Mexico Water Service Company",
"3",
"Also an officer of Washington Water Service Company and ",
"5",
"Holds the same position with New Mexico Water Service Company",
"New Mexico Water Service Company"
] | train |
|
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"à leurs besoins spécifiques. Saputo tire également de ses activités fromagères canadiennes",
"Revenus",
"Revenus",
"(en millions de dollars)",
"(en millions de dollars)",
"et américaines des sous-produits tels que du lactose, de la poudre de lactosérum",
"et des protéines de lactosérum. Notre segment industriel canadien approvisionne",
"en fromage, en lactose, en poudre de lactosérum, en mélanges à crème glacée et en protéines",
"de lactosérum un grand nombre de clients au Canada, en Europe, en Amérique du Sud,",
"3",
"457,4",
"3",
"398,1",
"en Asie et en Afrique.",
"Actif partout au Canada, notre ",
"secteur Produits d’épicerie",
"fabrique et commercialise",
"des petits gâteaux, des tartelettes et des barres collation par l’entremise de sa division",
"2",
"161,7",
"Boulangerie. Ses produits sont vendus presque exclusivement à des chaînes de super-",
"marchés, des marchands indépendants et des clubs-entrepôts du segment du détail",
"du Canada. Depuis peu, la division a également amorcé une percée à petite échelle dans",
"le nord-est des États-Unis.",
"Les ",
"revenus consolidés",
"de la Société pour l’exercice terminé le 31 mars 2003 se chiffrent",
"à 3,398 milliards de dollars en comparaison de 3,457 milliards de dollars un an plus tôt.",
"Le prix de vente moyen par livre de fromage de l’exercice 2003 sur le marché américain",
"a été inférieur de 21 % par rapport à celui de l’année précédente, ce qui a engendré un",
"2001",
"2002",
"2003",
"manque à gagner d’environ 158 millions de dollars au chapitre des revenus. De plus,",
"notre division Boulangerie a exclusivement exercé ses activités dans la catégorie des petits",
"gâteaux, contrairement à l’exercice 2002 au cours duquel ses activités incluaient aussi",
"les catégories biscuits, biscottes et soupes durant une période de quinze semaines.",
"Ces activités ont été transférées à Dare Foods en juillet 2001.",
"Globalement, sur une base comparable, les revenus de la Société pour l’exercice 2003",
"seraient 3,5 % plus élevés que ceux de l’exercice précédent, reflétant ainsi la croissance",
"BAIIA",
"BAIIA",
"des quatre divisions de la Société. ",
"(en millions de dollars)",
"(en millions de dollars)",
"Le",
"bénéfice avant intérêts, impôts sur les bénéfices, amortissement et rémunération à base",
"d’actions (BAIIA)",
"de l’exercice 2003 s’établit à 354,3 millions de dollars, en hausse",
"1",
"de 0,5 % sur les 352,4 millions de dollars de l’exercice précédent.",
"354,3",
"352,4",
"L’exercice 2003 a été marqué par un marché mondial des produits laitiers volatil et difficile.",
"Les prix de vente mondiaux du concentré de protéines de lactosérum ont connu une baisse",
"271,0",
"de près de 34 % en comparaison de ceux de l’exercice précédent tandis que le marché",
"du lactose a chuté de 19 %. Ces conditions de marché ont entraîné des manques à gagner",
"d’environ 2,5 millions de dollars sur le BAIIA du secteur Produits laitiers canadien",
"et d’environ 4 millions de dollars sur le BAIIA du secteur Produits laitiers américain.",
"Parallèlement, l’économie mondiale était perturbée, ce qui a affecté nos dépenses dans",
"des domaines tels que les coûts d’énergie reliés à la fabrication, à la distribution et à la",
"livraison ainsi que les coûts d’assurance.",
"Poursuivant le processus d’intégration de Dairyworld et malgré le manque à gagner",
"occasionné par la faiblesse des prix de vente des sous-produits laitiers, le secteur",
"2001",
"2002",
"2003",
"Produits laitiers canadien a connu une hausse de 9,6 % de son BAIIA. Quant au secteur",
"Produits laitiers américain, son BAIIA a subi une baisse de 13,5 millions de dollars",
"malgré une hausse de près de 9,5 % du volume de nos ventes par rapport à l’an passé.",
"Le prix de vente moyen par livre de fromage sur le marché américain a été inférieur",
"de 21 % en comparaison de celui de l’exercice 2002, ce qui a engendré un impact négatif",
"sur la capacité d’absorbtion des frais fixes et sur la valeur des stocks entre le 31 mars",
"2002 et le 31 mars 2003. Combinée à la faiblesse des prix de vente des sous-produits",
"laitiers, cette situation a engendré un manque à gagner potentiel de presque 19 millions",
"de dollars pour le BAIIA de l’exercice par rapport à celui de 2002. La catégorie des petits",
"gâteaux du secteur Produits d’épicerie a généré un BAIIA relativement stable.",
"Globalement, les initiatives prises tout au long de l’exercice 2003, que ce soit en matières",
"d’intégration, de rationalisation ou d’innovation, ont été au cœur de notre véritable",
"croissance et nous ont permis d’amoindrir l’effet négatif des autres facteurs du marché.",
"Mesure de calcul des résultats non conforme aux principes comptables généralement reconnus",
"1",
"La Société évalue son rendement financier sur la base de son BAIIA qui est défini comme étant le bénéfice avant intérêts, impôts sur les bénéfices,",
"amortissement et rémunération à base d’actions. Le BAIIA n’est pas une mesure de rendement définie par les principes comptables",
"généralement reconnus au Canada et, conséquemment, peut ne pas être comparable aux mesures similaires présentées par d’autres sociétés.",
"Analyse par la direction",
"15"
] | train |
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"AUTOMOTIVE CORE AND AFFILIATE BRANDS",
"PREMIER AUTOMOTIVE GROUP",
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"28",
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"144 markets ",
"32",
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"162,422 ",
"Sales Mix: ",
"Sales Mix: ",
"Sales Mix: ",
"Sales Mix: ",
"Sales Mix: ",
"Sales Mix: ",
"Sales Mix: ",
"Sales Mix:",
"AIL VEHICLE",
"SALES AND ",
"57%",
"N.",
"America ",
"99%",
"N.",
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"97%",
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"1.800.392.3673 ",
"1.800.521.4140 ",
"1.800.521.4140 ",
"1.800.222.5500 ",
"+44.1908 610620 ",
"1.800.452.4827 ",
"1.800.458.1552 ",
"1.800.637.6837",
"ASSISTANCE",
"CUSTOMER",
"www. ",
"www. ",
"www. ",
"www.mazdausa.com www.astonmartin.com www.jaguar.com ",
"www.volvocars.com www.landrover.com ",
"fordvehicles.com ",
"lincolnvehicles.com ",
"mercuryvehicles.com",
"customerassistance@",
"enquiry@ ",
"jaguarowner@ ",
"customercare@ ",
"[email protected]",
"mazdausa.com ",
"astonmartin.com ",
"jaguar.com ",
"volvocars.com",
"FINANCIAL SERVICES",
"CUSTOMER SERVICES",
"«",
"•",
"Operations in ",
"•",
"Hertz and its affiliates, associates ",
"•",
"A total service experience for ",
" Motorcraft Parts",
"Ford Extended Service Plan and ",
"36",
"countries",
"and independent licensees ",
"Ford, Lincoln and Mercury owners ",
"•",
"Designed, engineered ",
"Automobile Protection Corporation",
"•",
"Provides automotive ",
"represent what the company ",
"available only at Ford, Lincoln and ",
"and recommended by ",
"•",
"Providing comprehensive ",
"financing for Ford, ",
"believes is the largest worldwide ",
"Mercury dealerships — designed ",
"Ford Motor Company ",
"vehicle service contract and ",
"Lincoln, Mercury, ",
"general use car rental brand and ",
"to deliver customer satisfaction ",
"and available in Ford, ",
"maintenance programs",
"Aston Martin, Jaguar, ",
"one of the largest industrial and ",
"and repeat purchase intent",
"Lincoln and Mercury ",
"Ford Extended Service Plan (ESP)",
"OPERATIONS",
"Land Rover, Mazda ",
"construction equipment rental ",
"•",
"Parts engineered to Ford Motor ",
"franchised dealerships,",
"•",
"Major customers include Ford, ",
"and Volvo dealers ",
"businesses in North America",
"Company specifications",
"Ford authorized ",
"Lincoln and Mercury vehicle dealers, ",
"and customers",
"•",
"Operations in more than 150 ",
"•",
"Technicians trained and certified ",
"distributors and select ",
"commercial customers and fleets ",
"countries and jurisdictions",
"specifically on Ford, Lincoln ",
"major retail accounts ",
"of Ford Motor Company vehicles",
"•",
"More than 7,200 ",
"and Mercury vehicles",
"Genuine Ford Accessories",
"Automobile Protection ",
"locations worldwide",
"•",
"Wide range of customer ",
"Corporation (APCO)",
"accessories designed ",
"•",
"Major customers include Mazda, ",
"to accent Ford, Lincoln ",
"Volvo, Jaguar, Land Rover and ",
"and Mercury vehicles",
"competitive make vehicle dealers",
"•",
"More than $168 ",
"•",
"Expanded U.S. suburban ",
"•",
"Lincoln was the “#1 Nameplate ",
"Motorcraft Parts",
"Ford ESP & APCO",
"billion in managed ",
"locations to more than 1,250",
"in Customer Satisfaction with ",
"•",
"New product lines ",
"•",
"Industry-leading sales of over",
"receivables",
"•",
"Expanded the Hertz Prestige Collection ",
"Dealer Service” according to the ",
"including electric fuel ",
"2",
"million vehicle service contracts",
"•",
"Approximately ",
"to more than 100 locations worldwide",
"J.D. Power and Associates 2004 ",
"pumps, chassis parts, ",
"Ford ESP",
"2004 HIGHLIGHTS",
"3.1",
"million vehicle ",
"•",
"Expanded",
"NeverLost to more ",
"Customer Service Index Study",
"shocks, struts and ",
"•",
"Managing more than",
"financing contracts",
"than 42,000 units",
"•",
"Record overall service satisfaction ",
"starter assemblies ",
"5.4",
"million active contracts",
"•",
"Introduced brand and model ",
"performance as measured by ",
"Genuine Ford Accessories",
"APCO",
"reservability to its #1 Club and ",
"Ford Motor Company’s Customer ",
"•",
"Growing lineup of ",
"•",
"Managing more than",
"#1 Club Gold rental programs",
"Viewpoint service experience survey",
"exciting new products: ",
"1.4",
"million active contracts",
"•",
"Expanded Sirius Satellite Radios ",
"•",
"Daily Parts Advantage launch ",
"20” wheels, Sport Liner™ ",
"to more than 29,000 units",
"completed. Record parts availability ",
"(carpeted bedliner) and ",
"•",
"Introduced wireless, high-speed ",
"and on-time delivery for Ford, ",
"chrome bug shields",
"Internet connections at five ",
"Lincoln and Mercury dealers",
"major U.S. airport locations",
"1.800.727.7000",
"1.800.654.3131",
"Ford/Mercury ",
"Motorcraft Parts",
"Ford ESP",
"CUSTOMER ",
"ASSISTANCE",
"www.fordcredit.com",
"www.hertz.com",
"1.800.392.3673",
"www.motorcraft.com",
"www.genuineflmservice.com",
"Genuine Ford Accessories",
"Lincoln",
"www.fordaccessoriesstore.com",
"APCO",
"1.800.521.4140",
"www.lincolnaccessories.com",
"www.easycare.com",
"www.mercuryaccessories.com",
"www.genuineflmservice.com ",
"www.customersaskford.com",
"*",
"As an unconsolidated subsidiary, Mazda sales are not consolidated into Ford Motor Company vehicle unit sales. ",
"Only vehicles built by Ford for Mazda are included in total Ford unit sales summaries.",
"9",
"7"
] | train |
|
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"Corporate Office",
"Common Stock",
"1680 Capital One Drive",
"Listed on New York Stock Exchange",
"McLean, VA 22102",
"Stock Symbol COF",
"(703) 720-1000",
"Member of S&P 500",
"www.capitalone.com",
"Corporate Registrar/Transfer Agent",
"Annual Meeting",
"EquiServe Trust Company, N.A.",
"Thursday, April 29, 2004",
"c/o EquiServe Shareholder Services",
"10:00 a.m. Eastern Time",
"P.O. Box 43010",
"The Ritz-Carlton, Tysons Corner",
"Providence, RI 02940-3010",
"1700 Tysons Boulevard",
"Facsimile: (201) 222-4917",
"McLean, VA 22102",
"Tel: (800) 446-2617",
"Hearing impaired: (781) 575-2692",
"Principal Investor Contact",
"Email: equiserve.com",
"Paul Paquin",
"Internet: www.equiserve.com",
"Vice President, Investor Relations",
"Capital One Financial Corporation",
"By Overnight Courier to:",
"1680 Capital One Drive",
"150 Royall Street",
"McLean, VA 22102",
"Canton, MA 02021",
"(703) 720-1000",
"Independent Auditors",
"Ernst & Young LLP",
"Copies of Form 10-K filed with the Securities",
"and Exchange Commission are available without",
"charge, upon written request to Paul Paquin ",
"at the above address.",
"Capital One",
"is a leader in the direct marketing of MasterCard",
"and Visa",
"credit cards, auto loans",
"®",
"®",
"®",
"and other consumer financial services. With more than 47 million accounts, it has one of the world’s",
"largest financial services franchises. Through a proprietary Information-Based Strategy (IBS), the",
"Company scientifically tests its ideas before taking them to market and customizes the terms of each",
"account, delivering superior value to consumers and profitable growth for Capital One.",
"Headquartered in McLean, Virginia, Capital One Financial Corporation is a holding company operating",
"through three principal subsidiaries: Capital One Bank; Capital One, F.S.B.; and Capital One Auto",
"under the symbol COF.",
"Finance, Inc. Its common stock trades on the New York Stock Exchange",
"® ",
"The company cautions that its current expectations for future earnings, future charge-off rates and other future performance",
"measures are forward looking statements and actual results could differ materially from current expectations due to a number of",
"factors, including: competition in the credit card industry; the actual account and balance growth achieved by the company; the",
"company’s ability to access the capital markets at attractive rates and terms to fund its operations and future growth; changes in",
"regulation; and general economic conditions affecting consumer income and spending domestically and internationally, which",
"may affect consumer bankruptcies, defaults and charge-offs. A discussion of these and other factors can be found in Capital One’s",
"annual and other reports filed with the Securities and Exchange Commission, including, but not limited to, Capital One’s report",
"on Form 10-K for the year ended December 31, 2003.",
"All Capital One service marks are owned by Capital One. All rights reserved.",
"All Capital One service marks are owned by Capital One. All rights reserved.",
"All third party trademarks used herein are owned by the respective entity. All rights reserved.",
"All third party trademarks used herein are owned by the respective entity. All rights reserved.",
"© Copyright 2004 Capital One Services, Inc."
] | train |
|
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"SHAREHOLDER INFORMATION",
"Shareholder Services ",
"Shareholder Services ",
"Ford Shareholder Services Group ",
"Ford Shareholder Services Group ",
"Telephone: ",
"EquiServe Trust Company N.A. ",
"Within the U.S. and Canada: (800) 279-1237 ",
"P.O. Box 43087 ",
"Outside the U.S. and Canada: (781) 575-2692 ",
"[email protected]",
"Providence, Rhode Island 02940-3087 ",
"E-mail: ",
"EquiServe Trust Company N.A. offers the DirectSERVICE™ Investment and Stock Purchase Program. This shareholder-paid program ",
"provides a low-cost alternative to traditional retail brokerage methods of purchasing, holding and selling Ford Common Stock.",
"Company Information",
"Company Information",
"The URL to our online Investor Center is www.shareholder.ford.com. Alternatively, individual investors may contact:",
"The URL to our online Investor Center is www.shareholder.ford.com. Alternatively, individual investors may contact:",
"Ford Motor Company ",
"Telephone: ",
"Shareholder Relations ",
"Within the U.S. and Canada: (800) 555-5259 ",
"One American Road ",
"Outside the U.S. and Canada: (313) 845-8540 ",
"Dearborn, Michigan 48126-2798 ",
"Fax: (313) 845-6073 ",
"[email protected]",
"E-mail: ",
"Security analysts and institutional investors may contact:",
"Ford Motor Company ",
"Telephone: (313) 323-8221 or (313) 390-4563 ",
"Investor Relations ",
"Fax: (313) 845-6073 ",
"One American Road ",
"[email protected]",
"Dearborn, Michigan 48126-2798 ",
"E-mail: ",
"To view this report, the Ford Motor Company Fund Annual Report and the Ford Motor Company Sustainability Report, go to www.ford.com.",
"Stock Exchanges",
"Stock Exchanges",
"Ford Common Stock is listed and traded on the New York and Pacific Coast stock exchanges in the United States and on stock ",
"Ford Common Stock is listed and traded on the New York and Pacific Coast stock exchanges in the United States and on stock ",
"exchanges in Belgium, France, Switzerland and the United Kingdom. Depository shares representing the Convertible Trust Preferred ",
"Securities of Ford Motor Company Capital Trust II are listed and traded on the New York Stock Exchange (NYSE) only.",
"The NYSE trading symbols are as follows:",
"Fr",
"F",
"F",
"Common Stock ",
"Common Stock ",
"F.PrS",
"F.PrS",
"6.5",
"6.5",
"% Convertible Trust Preferred Securities of Ford Motor Company Capital Trust II",
"% Convertible Trust Preferred Securities of Ford Motor Company Capital Trust II",
"S",
"Annual Meeting",
"The 2005 Annual Meeting of Shareholders will be held in Wilmington, Delaware, on May 12, 2005. Notice of the Annual Meeting, ",
"a Proxy Statement and voting card will be mailed to shareholders in advance of the meeting.",
"Annual Report Credits",
"The Ford Motor Company Annual Report is designed, written and produced each year by a cross-functional Ford team. The 2004 ",
"team members are:",
"Editor: Frank Sopata, Manager, Shareholder Relations",
"Editorial Services:",
"Tom Morrisey, Chuck Snearly, Kim Boscan, Frank Frohling,",
"Terry Herron, Margaret Mellott, and Rob Maleszyk ",
" Photo Coordinator & Editorial Services: Ana Holland Krawec",
"Art Direction and Design: Pat Barney",
"Graphic Artists: David McWilliams and Nariman Tahir",
"Principal Photography: Tom Wojnowski",
"Cover Photo Base Art: Rosebud Pictures",
"Additional Photography: Ford Motor Company and Morphoto Inc.",
"Digital imaging technology has been used for retouching and to produce some composite photos in this report. The report was printed by St Ives Inc. The report was ",
"designed by Ford Communication Services.",
"This report is printed on recycled and recyclable paper using soy ink.",
"9",
"6"
] | train |
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[
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679,
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679,
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"FIVE YEAR CONSOLIDATED HIGHLIGHTS",
"Shareholder and Investor Information",
"(per share amounts in dollars)",
"55",
"2000",
"1999",
"1998",
"1997",
"1996",
"AL REPORT",
"Average common shares outstanding weighted",
"monthly during the year ",
"154,469",
"150,995",
"145,448",
"137,808",
"124,330",
"(thousands)",
"Number of registered common shareholders",
"at year end",
"8,265",
"8,877",
"9,207",
"10,036",
"10,060",
"ENBRIDGE 2000 ANNU",
"1",
"Common Share Trading (TSE)",
"High",
"44.00",
"36.33",
"35.70",
"32.85",
"21.00",
"Low",
"23.00",
"28.60",
"28.95",
"19.53",
"15.88",
"Close",
"43.70",
"28.65",
"35.25",
"32.70",
"19.98",
"Volume",
"68.2",
"51.8",
"61.5",
"55.3",
"52.2",
"(millions)",
"Per Common Share Data",
"Earnings applicable to common shareholders",
"2.54",
"1.91",
"1.66",
"1.58",
"1.45",
"Cash provided from operating activities",
"1.71",
"3.28",
"2.15",
"3.18",
"3.86",
"Dividends paid on common shares",
"1.270",
"1.195",
"1.120",
"1.060",
"1.015",
"Financial Ratios",
"2",
"Return on average shareholders’ equity",
"18.6%",
"14.3%",
"13.8%",
"14.2%",
"15.0%",
"3",
"Return on average capital employed",
"7.2%",
"6.6%",
"6.6%",
"7.0%",
"7.6%",
"4",
"Debt to debt plus shareholders’ equity",
"67.6%",
"67.4%",
"69.7%",
"67.7%",
"68.4%",
"Debt to total capital employed",
"61.6%",
"63.7%",
"64.8%",
"62.5%",
"62.5%",
"5",
"Earnings coverage of interest",
"2.0x",
"2.0x",
"2.0x",
"2.4x",
"2.3x",
"6",
"Dividend payout ratio",
"50.0%",
"62.6%",
"67.5%",
"67.1%",
"70.0%",
"1",
"Data for 2000 are for Toronto Stock Exchange only. Prior year data include the Toronto and Montreal stock exchanges.",
"2",
"Earnings applicable to common shareholders divided by average common equity (weighted monthly during the year).",
"3",
"Sum of earnings, minority interest and after tax interest expense divided by average capital employed (weighted monthly during the year). Capital employed is equal to the sum ",
"of shareholders’ equity, non-controlling (minority) interest, future income taxes, deferred credits, and total debt (excluding short term borrowings which finance gas in storage).",
"4",
"Total long-term debt (including current portion) divided by the sum of total long-term debt, shareholders’ equity and non-controlling (minority) interest.",
"5",
"Sum of earnings before income taxes, minority interest and interest expense, divided by interest expense.",
"6",
"Dividends per common share divided by earnings per share applicable to common shareholders."
] | train |
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715
],
[
342,
706,
349,
715
],
[
360,
706,
414,
715
],
[
434,
706,
467,
715
],
[
76,
706,
222,
715
],
[
496,
706,
555,
715
],
[
566,
706,
573,
715
],
[
587,
706,
636,
715
],
[
665,
706,
691,
715
],
[
726,
706,
785,
715
],
[
802,
706,
809,
715
],
[
825,
706,
862,
715
],
[
888,
706,
921,
715
],
[
270,
722,
323,
732
],
[
76,
722,
103,
732
],
[
503,
722,
538,
732
],
[
733,
722,
771,
732
],
[
264,
739,
323,
748
],
[
76,
739,
144,
748
],
[
496,
739,
540,
748
],
[
726,
739,
773,
748
],
[
270,
755,
323,
765
],
[
76,
755,
106,
764
],
[
503,
755,
539,
764
],
[
733,
755,
775,
764
],
[
249,
772,
325,
781
],
[
76,
772,
198,
781
],
[
480,
772,
487,
781
],
[
496,
772,
542,
781
],
[
713,
772,
775,
781
],
[
434,
788,
467,
797
],
[
76,
788,
167,
797
],
[
658,
788,
691,
797
],
[
882,
788,
921,
797
],
[
428,
804,
467,
814
],
[
76,
804,
275,
814
],
[
651,
804,
691,
814
],
[
882,
804,
921,
814
],
[
434,
821,
467,
830
],
[
76,
821,
280,
830
],
[
658,
821,
691,
830
],
[
888,
821,
921,
830
],
[
434,
837,
467,
847
],
[
76,
837,
167,
847
],
[
658,
837,
691,
847
],
[
882,
837,
921,
847
],
[
77,
867,
847,
874
],
[
84,
878,
772,
885
],
[
948,
960,
964,
972
]
] | [
10,
10,
1,
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9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
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9,
9,
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9,
9,
9,
9,
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2,
2,
5
] | [
"Table 1 provides average balance sheet data, and an analysis of net interest income, net interest spread (the difference between the yield on earning assets and",
"the cost of interest-bearing liabilities) and net interest margin for each of the years ended December 31, 2002, 2001 and 2000.",
"Table 1: Statements of Average Balances, Income and Expense, Yields and Rates",
"2002",
"Year Ended December 31",
"2001",
"2000",
"Average",
"Income/",
"Yield/",
"Average",
"Income/",
"Yield/",
"Average",
"Income/",
"Yield/",
"(In",
"Thousands)Balance",
"Expense",
"Rate",
"Balance",
"Expense",
"Rate",
"Balance",
"Expense",
"Rate",
"Assets:",
"Earning assets",
"(1)",
"Consumer loans",
"$ 22,711,141",
"$",
"3,506,732",
"15.44%",
"Domestic",
"$",
"14,648,298",
"$",
"2,342,726",
"15.99%",
"$",
"9,320,165 ",
"$ 2,060,349",
"22.11%",
"2,828,855 ",
"361,932",
"12.79%",
"Foreign",
"2,636,008",
"386,793",
"14.67%",
"2,167,611",
"290,422 ",
"13.40%",
"25,539,996",
"3,868,664 ",
"15.15%",
"Total",
"17,284,306",
"2,729,519 ",
"15.79%",
"11,487,776 ",
"2,350,771",
"20.46%",
"3,873,186 ",
"184,407 ",
"4.76%",
"Securities available for sale",
"2,526,529",
"138,188 ",
"5.47%",
"1,611,582 ",
"96,554 ",
"5.99%",
"Other",
"1,488,861",
"116,890",
"7.85%",
"Domestic",
"593,050 ",
"45,877 ",
"7.74%",
"107,416",
"5,993 ",
"5.58%",
"245,556 ",
"10,805",
"4.40%",
"Foreign",
"302,287 ",
"7,565 ",
"2.50%",
"45,259 ",
"581",
"1.28%",
"1,734,417",
"127,695 ",
"7.36%",
"Total",
"895,337 ",
"53,442",
"5.97%",
"152,675",
"6,574",
"4.31%",
"31,147,599",
"$",
"4,180,766 ",
"13.42%",
"Total earning assets",
"20,706,172",
"$",
"2,921,149 ",
"14.11%",
"13,252,033",
"$ 2,453,899 ",
"18.52%",
"507,355",
"Cash and due from banks",
"171,392",
"103,390",
"(1,178,243)",
"Allowance for loan losses",
"(637,789)",
"(402,208)",
"802,544",
"Premises and equipment, net",
"735,282",
"549,133 ",
"2,922,469 ",
"Other",
"2,371,252",
"1,707,237",
"$ 34,201,724",
"Total assets",
"$",
"23,346,309",
"$ 15,209,585",
"Liabilities and Equity:",
"Interest-bearing liabilities",
"Deposits",
"$ 14,650,582",
"$",
"748,809 ",
"5.11%",
"Domestic",
"$",
"9,700,132",
"$",
"594,183 ",
"6.13%",
"$",
"5,313,178 ",
"$",
"322,497 ",
"6.07%",
"956,360",
"63,080",
"6.60%",
"Foreign",
"673,379 ",
"46,287",
"6.87%",
"26,296 ",
"1,511",
"5.75%",
"15,606,942",
"811,889 ",
"5.20%",
"Total",
"10,373,511",
"640,470 ",
"6.17%",
"5,339,474",
"324,008",
"6.07%",
"5,668,343",
"422,529",
"7.45%",
"Senior notes",
"5,064,356",
"357,495 ",
"7.06%",
"3,976,623 ",
"274,975",
"6.91%",
"Other borrowings",
"5,689,369",
"226,206",
"3.98%",
"Domestic",
"2,551,996 ",
"145,316 ",
"5.69%",
"2,011,295",
"142,355",
"7.08%",
"23,350",
"1,030 ",
"4.41%",
"Foreign",
"440,313 ",
"27,726 ",
"6.30%",
"882,120 ",
"59,679",
"6.77%",
"5,712,719",
"227,236",
"3.98%",
"Total",
"2,992,309",
"173,042 ",
"5.78%",
"2,893,415 ",
"202,034",
"6.98%",
"26,988,004 ",
"$",
"1,461,654 ",
"5.42%",
"Total interest-bearing liabilities",
"18,430,176",
"$",
"1,171,007",
"6.35%",
"12,209,512",
"$",
"801,017",
"6.56%",
"3,065,570",
"Other",
"2,134,951",
"1,299,100",
"30,053,574",
"Total liabilities",
"20,565,127",
"13,508,612",
"4,148,150",
"Equity",
"2,781,182",
"1,700,973",
"$ 34,201,724 ",
"Total liabilities and equity",
"$",
"23,346,309",
"$ 15,209,585",
"8.00%",
"Net interest spread",
"7.76%",
"11.96%",
"13.42%",
"Interest income to average earning assets",
"14.11%",
"18.52%",
"4.69%",
"Interest expense to average earning assets",
"5.66%",
"6.05%",
"8.73%",
"Net interest margin",
"8.45%",
"12.47%",
"$^{(1)}$Interest income includes past-due fees on loans of approximately $955.8 million, $769.5 million and $824.9 million for the years ended December 31, 2002, 2001 and 2000, respectively. Interest income includes",
"$38.4 million related to the one-time impact of the change in recoveries assumption for the year ended December 31, 2002. This resulted in a 12 basis point increase in the net interest margin.",
"23"
] | train |
|
[
[
66,
37,
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[
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45
],
[
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[
299,
123,
491,
132
],
[
347,
166,
388,
173
],
[
428,
166,
474,
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],
[
60,
174,
110,
181
],
[
364,
174,
388,
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],
[
436,
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474,
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],
[
505,
174,
604,
181
],
[
60,
196,
206,
206
],
[
60,
218,
132,
227
],
[
72,
235,
278,
244
],
[
80,
248,
194,
258
],
[
337,
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388,
258
],
[
444,
248,
474,
258
],
[
505,
248,
550,
258
],
[
560,
248,
609,
258
],
[
550,
248,
560,
254
],
[
72,
266,
211,
275
],
[
337,
266,
388,
275
],
[
436,
266,
474,
275
],
[
505,
266,
825,
275
],
[
72,
283,
189,
292
],
[
337,
283,
388,
292
],
[
460,
283,
474,
292
],
[
60,
305,
143,
313
],
[
72,
321,
128,
331
],
[
364,
321,
388,
331
],
[
436,
321,
474,
331
],
[
505,
321,
536,
331
],
[
60,
339,
230,
349
],
[
60,
361,
132,
370
],
[
72,
378,
298,
387
],
[
325,
378,
388,
387
],
[
460,
378,
474,
387
],
[
505,
378,
787,
387
],
[
72,
395,
215,
405
],
[
374,
395,
388,
405
],
[
460,
395,
474,
405
],
[
60,
510,
460,
521
],
[
460,
511,
471,
520
],
[
634,
511,
652,
520
],
[
60,
539,
438,
549
],
[
545,
539,
871,
549
],
[
60,
553,
361,
562
],
[
523,
553,
649,
562
],
[
60,
653,
410,
664
],
[
410,
654,
421,
664
],
[
572,
654,
590,
664
],
[
60,
682,
497,
692
],
[
452,
682,
526,
692
],
[
525,
682,
869,
692
],
[
60,
696,
486,
706
],
[
60,
900,
72,
909
],
[
75,
900,
102,
909
],
[
628,
900,
656,
909
],
[
80,
911,
341,
921
],
[
60,
931,
75,
940
],
[
79,
931,
248,
940
],
[
60,
950,
75,
959
],
[
79,
950,
267,
959
]
] | [
6,
6,
8,
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
8,
8,
8,
10,
10,
10,
10,
8,
8,
8,
10,
10,
10,
10,
2,
2,
2,
2,
2,
2,
2,
2
] | [
"22",
"VORNADO REALTY TRUST",
"ALEXANDER’S PROPERTIES ",
"(A 33.1% Owned Investment)",
"SQUARE",
"PERCENT",
"LOCATION",
"FEET",
"LEASED",
"PRINCIPAL TENANTS",
"Operating Properties",
"NEW YORK:",
"Kings Plaza Regional Shopping ",
"Center—Brooklyn",
"759,000",
"98%",
"Macy’s",
", Sears",
"(3)",
"Rego Park I—Queens",
"351,000",
"100%",
"Bed Bath & Beyond, Circuit City, Marshalls, Sears",
"Flushing—Queens",
"177,000",
"—",
"NEW JERSEY:",
"Paramus",
"N/A",
"100%",
"IKEA",
"Development Properties",
"NEW YORK:",
"731 Lexington Avenue—Manhattan",
"1,304,000",
"—",
"Bloomberg, Hennes & Mauritz, Home Depot",
"Rego Park II—Queens",
"—",
"—",
"THE NEWKIRK MASTER LIMITED PARTNERSHIP ",
"(A",
"22.6% Owned Investment)",
"The Newkirk Master Limited Partnership owns an aggregate",
"of 19.6 million square feet of office, retail and industrial properties",
"located throughout the United States, which ar",
"net leased primarily to credit rated tenants.",
"TEMPERATURE CONTROLLED LOGISTICS ",
"(A",
"60% Owned Investment)",
"The Temperature Controlled Logistics business owns 87 refrigerated",
"war",
"ehouses with an aggregate capacity of approximately",
"440.7 million cubic feet. The warehouses are located in 32 states.",
"(1)",
"100%",
"Ground and/or building interest, other than 150 East 58th Street and Green Acres, where",
"approximately 10% of the ground is leased.",
"(2)",
"Lease has not commenced.",
"(3)",
"Tenant owns land and building."
] | train |
|
[
[
96,
150,
118,
160
],
[
122,
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365,
160
],
[
528,
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528,
166,
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[
96,
166,
475,
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[
528,
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905,
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[
96,
183,
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[
528,
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[
528,
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[
338,
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[
397,
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[
456,
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[
96,
219,
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[
96,
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[
829,
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[
888,
252,
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116,
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[
334,
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393,
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[
422,
253,
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[
456,
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493,
263
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[
481,
253,
501,
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[
528,
253,
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116,
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173,
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[
355,
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[
402,
268,
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[
472,
268,
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[
528,
272,
669,
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[
96,
283,
131,
293
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[
350,
283,
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[
422,
283,
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[
472,
283,
489,
294
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[
548,
287,
741,
297
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[
817,
287,
862,
297
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[
876,
287,
884,
297
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[
896,
287,
921,
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[
548,
302,
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[
837,
302,
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312
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[
896,
302,
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[
342,
305,
375,
315
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[
402,
305,
434,
316
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[
464,
305,
489,
316
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[
548,
317,
584,
327
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[
837,
317,
862,
327
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[
896,
317,
921,
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[
96,
327,
146,
337
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[
587,
339,
761,
349
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[
825,
339,
862,
349
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[
884,
339,
921,
350
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[
116,
342,
165,
352
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[
346,
342,
371,
353
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[
405,
342,
430,
353
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[
464,
342,
489,
353
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[
116,
357,
173,
368
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[
359,
358,
375,
368
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[
402,
358,
434,
368
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[
472,
358,
489,
368
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[
528,
361,
655,
371
],
[
548,
376,
663,
386
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[
837,
376,
862,
387
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[
896,
376,
921,
387
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[
346,
380,
371,
390
],
[
405,
380,
430,
390
],
[
464,
380,
489,
390
],
[
548,
391,
695,
402
],
[
837,
391,
862,
402
],
[
906,
391,
921,
402
],
[
96,
402,
274,
412
],
[
548,
407,
763,
417
],
[
837,
407,
862,
417
],
[
896,
407,
921,
417
],
[
116,
417,
235,
427
],
[
548,
422,
706,
432
],
[
837,
422,
862,
432
],
[
904,
422,
921,
432
],
[
116,
432,
269,
442
],
[
359,
432,
371,
442
],
[
414,
432,
430,
442
],
[
477,
432,
489,
442
],
[
548,
437,
584,
447
],
[
845,
437,
862,
447
],
[
904,
437,
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"14.",
"PROVISION FOR INCOME TAXES",
"Deferred income taxes arise from temporary differences",
"between the tax bases of assets and liabilities and their",
"The provision for income taxes on income from continuing",
"recorded amounts in the financial statements. A summary",
"operations consisted of:",
"of the components of deferred tax liabilities and assets at",
"December 31 follows:",
"2003",
"2002",
"2001",
"Millions of dollars",
"United States Federal",
"2003",
"2002",
"Current",
"$(180)",
"$3",
"0",
"$5",
"7",
"Millions of dollars",
"Deferred",
"78",
"(158)",
"50",
"Deferred tax liabilities",
"State",
"(13)",
"5",
"27",
"Fixed assets and investments",
"$1,391",
"$",
"943",
"Foreign petroleum taxes",
"281",
"256",
"(115)",
"(123)",
"134",
"Other",
"226",
"138",
"Foreign",
"Total deferred tax liabilities",
"1,898",
"1,337",
"Current",
"431",
"401",
"355",
"Deferred",
"(2)",
"(141)",
"13",
"Deferred tax assets",
"Accrued liabilities",
"209",
"124",
"429",
"260",
"368",
"Dismantlement liability",
"169",
"GLYPH<209>",
"Adjustment of deferred tax ",
"Net operating loss carryforwards",
"551",
"543",
"liability for foreign ",
"Tax credit carryforwards",
"155",
"61",
"income tax rate change",
"GLYPH<209>",
"43",
"GLYPH<209>",
"Other",
"64",
"33",
"Total provision for income ",
"Total deferred tax assets",
"1,148",
"761",
"taxes on continuing ",
"Valuation allowance",
"(93)",
"(95)",
"operations",
"(a)",
"(b)",
"$ 314",
"$ 180",
"$502",
"Net deferred tax assets",
"1,055",
"666",
"Includes beneGLYPH<222>t of $30 million relating to certain prior year foreign",
"(a) ",
"Net deferred tax liabilities",
"$",
"843",
"$",
"671",
"exploration expenses.",
"Includes beneGLYPH<222>t of $48 million relating to prior year refunds of United",
"(b) ",
"Kingdom Advance Corporation Taxes and deductions for exploratory",
"drilling.",
"The difference between the Corporation’s effective income",
"tax rate and the United States statutory rate is reconciled",
"Income (loss) from continuing operations before income",
"below:",
"taxes consisted of the following:",
"2003",
"2002",
"2001",
"2003",
"2002",
"2001",
"Millions of dollars",
"United States statutory rate",
"35.0%",
"(35.0)%",
"35.0%",
"United States ",
"(a)",
"$(378) $",
"330",
"$ (245)",
"Effect of foreign operations, ",
"Foreign",
"(b)",
"1,026",
"313",
"988",
"including foreign tax credits",
"4.6",
"321.5*",
"2.8",
"Total income from ",
"Loss on repurchase of bonds",
"(.6)",
"(15.4)",
"GLYPH<209>",
"continuing operations",
"$",
"781",
"$ (65) $1,318",
"State income taxes, net of ",
"Federal income tax benefit",
"(1.1)",
"8.1",
"1.3",
"Includes substantially all of the CorporationGLYPH<213>s interest expense and",
"(a) ",
"Prior year adjustments",
"2.8",
"(1.5)",
"(1.5)",
"the results of hedging activities.",
"Other",
"(.4)",
"(.1)",
".5",
"Foreign income includes the CorporationGLYPH<213>s Virgin Islands, shipping",
"(b) ",
"and other operations located outside of the United States.",
"Total",
"40.3%",
"277.6%",
"38.1%",
"*ReGLYPH<223>ects high effective tax rates in certain foreign jurisdictions, including",
"special taxes in the United Kingdom and Norway, and losses in other",
"jurisdictions which were beneGLYPH<222>ted at lower rates.",
"51"
] | train |
|
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"MANAGEMENT’S",
"DISCUSSION & ANALYSIS",
"DISCUSSION AND ANALYSIS",
"The",
"rate",
"a newspaper can charge for advertising depends",
"U.S. economy strengthens significantly thereby increasing",
"on",
"the market position of the newspaper and its ",
"the demand for newsprint. Changes in the Canadian/U.S.",
"readership base$^{1}$. Total",
"number",
"of readers as well as",
"dollar exchange rate could also impact pricing in 2005.",
"exclusive",
"readers",
"and readers in key demographics are",
"Labour is the other significant cost for the newspaper",
"important",
"factors",
"in establishing market positioning for",
"segment. Salary and wage cost increases are subject to",
"newspapers. Should long-term",
"readership",
"of newspapers",
"several collective agreements and have been generally",
"continue",
"to",
"decline, market share will become more",
"tied to cost of living increases.",
"important to the individual newspaper",
"Details on the",
"The Toronto Star’s collective agreements covering",
"average weekday readership for Torstar’s",
"daily",
"newspapers",
"approximately 1,300 employees all expired at the end of",
"can be found in Torstar’s 2005 Annual Information F",
"orm.",
"2004. Negotiations for a new agreement began in the",
"Circulation",
"revenue",
"is a combination of the number ",
"fourth quarter of 2004 and are continuing.",
"of copies sold and the net selling price per copy",
".",
"During 2004, CityMedia reached three-year collective",
"Circulation",
"statistics",
"are important as they support ",
"agreements with staff at The Record and the Brabant",
"readership levels and market positioning",
"Newspapers",
"newspapers and five-year agreements at the Fairway",
"are sold via home delivery,",
"single copy (in stores and",
"newspapers. These agreements, covering approximately",
"street",
"boxes)",
"and in bulk (primarily for promotional ",
"270 employees, provide for a first-year wage increase",
"and sampling purposes). Circulation results for Torstar",
"’s",
"between 1.1% and 2.5% and a CPI formula with a minimum",
"daily newspapers can be found in Torstar’s",
"2005",
"Annual",
"of 1.5% and a maximum of 3.0% for the later years.",
"Information Form.",
"Contract negotiations are ongoing with The Hamilton",
"The",
"Internet",
"competes with printed newspapers for",
"Spectator’s editorial and part-time mailroom employees",
"advertising",
"particularly in the employment and other",
"(approximately 210 employees) whose collective agreement",
"classified",
"categories.",
"Recognizing that there has been a",
"expired on December 31, 2003. Production and mailroom",
"structural shift in advertising, Torstar’s",
"newspapers",
"have",
"staff at the Hamilton Web printing facility have been on",
"all",
"established",
"Internet operations to complement their",
"strike since December 5, 2004. Hamilton Web has ",
"printed",
"products.",
"In addition, partial ownership of",
"continued operations throughout the duration of the strike.",
"workopolis.com – Canada’s",
"largest",
"employment website",
"CityMedia has two collective agreements covering ",
"– ensures that Torstar",
"maintains",
"its share of the employment",
"24",
"employees at the Guelph Mercury and one covering",
"advertising market. In 2005, Torstar has established T",
"orstar",
"95",
"advertising employees at The Hamilton Spectator that",
"Digital",
"as",
"a reporting unit within the Newspaper Segment.",
"will expire during 2005.",
"Torstar",
"Digital",
"Metroland reached three new collective agreements during",
"newspapers",
"to",
"develop integrated online solutions in the",
"2004, covering 142 employees that provided for an increase",
"areas of local advertising",
"classifieds, news, information",
"of 2.5% in the first year and an increase between 2% and",
"and",
"business",
"processes that will meet the needs of online",
"3% in the later years, based on Ontario cost of living. A",
"advertisers, consumers and readers.",
"collective agreement covering 45 employees at one",
"Newsprint",
"pricing",
"has a significant impact on the results",
"printing plant expired at the end of 2004 and negotiations",
"of the Newspaper Segment. Torstar’s",
"newspapers ",
"began in February 2005. Sing Tao reached a three-year",
"consume",
"approximately",
"150,000 tonnes of newsprint",
"collective agreement with their employees during 2004.",
"each year",
"A $10 change in the price per tonne affects",
"The agreement provided for an increase of 2.5% in the",
"operating profits by $1.5 million. In 2004, Torstar’s",
"newsprint",
"first year and an increase between 2% and 3% in ",
"prices",
"were",
"on average 1% higher than in 2003. Current",
"the later years, based on Toronto CPI. Metroland has no",
"market",
"expectations",
"are that the average newsprint price",
"collective agreements that will expire during 2005.",
"will",
"increase",
"by 4% in 2005. This could be higher if the",
"$^{1}$Readership",
"statistics for Canadian daily newspapers are independently reported by the Newspaper Audience Databank (“NADbank”) twice a year.",
"25",
"TORSTAR 2004"
] | train |
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"Environmental Involvement",
"Fujitsu considers protection of the environment to be an important business issue.",
"Utilizing our technological",
"and creative capabilities as an IT leader, we strive to contribute to sustainable economic development.",
"Noteworthy initiatives and accomplishments in fiscal 2003 included the following.",
"Top Ranking on Sustainability Index for Five Years Running",
"In recognition of our many initiatives promoting environmental protection, for the fifth year in",
"a row Fujitsu has received a top ranking in the environment dimension of the Dow Jones",
"Sustainability Index, which tracks 2,500 companies in 34 countries.",
"＊",
"Launched in 1999 and updated annually, the Dow Jones Sustainability Indexes track the financial performance of the",
"leading sustainability-driven companies worldwide.",
"Inclusion in the FTSE4Good Global Index",
"Fujitsu has also been included in the “FTSE4Good Global Index” of the FTSE indices",
"compiled by FTSE International Ltd. of the UK. In addition to environmental efforts, we were",
"also recognized for our corporate responsibility in the economic and social spheres.",
"Among the Largest Recipients of Company-Wide ISO 14001 Certification ",
"In March 2004 we became one of the largest companies in Japan to receive ISO 14001 certification covering all our",
"domestic operations.",
"We are now in the process of creating a unified environmental management system that will",
"encompass the entire group.",
"Full Implementation of GLYPH<210>Green ProductsGLYPH<211> Policy",
"As of the end of fiscal 2003, we were able to achieve our aggressive objective of applying stringent “green products”",
"standards to all newly developed products.",
"These standards ensure environmental soundness throughout the entire",
"product lifecycle.",
"●",
"ETERNUS Storage System",
"Employing our innovative VPS/Eco Design computer-aided design tool in",
"the development of our new ETERNUS storage system model, we were able",
"to significantly reduce the number of parts, including a 50% reduction in the",
"number of screws needed. This enabled us to greatly reduce the time",
"required for disassembly, use less metal, and improve ease of recycling.",
"Moreover, because it is easier to assemble, less energy is used in the",
"VPS",
"manufacturing process, thereby contributing to overall resource",
"conservation.",
"ETERNUS Storage System ",
"●",
"First Paper LCD for Contactless Smartcards (Fujitsu Frontech)",
"This superthin display panel incorporates a cholesteric liquid crystal capable of continuous",
"display without an electric source. We were able to achieve semipermanent memory",
"μＷ",
"color display with low electric power consumption of 6",
"or less (excluding the drive",
"circuits). In addition, the display’s accelerated write speed makes it suitable for use in",
"Paper LCD",
"contactless smartcards for mass transit and other applications.",
"22"
] | train |
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"3",
"VORNADO REALTY TRUST",
"2003",
"2002",
"($ IN MILLIONS, EXCEPT PER SHARE DATA)",
"Funds from Operations, as Reported",
"518.2",
"439.8",
"Adjustments for certain items that effect comparability:",
"Alexander's stock appreciation",
"rights",
"compensation expense",
"14.9",
"—",
"Write-off of Series D-1 preferred unit offering costs",
"2.2",
"—",
"Gain",
"on early extinguishment of debt of a partially-owned entity (Newkirk MLP)",
"(1.6)",
"—",
"Primestone",
"loss",
"on settlement of guarantees in 2003 and ",
"foreclosure and impairment losses in 2002",
"1.4",
"35.8",
"Gain on sale of condominiums",
"(0.3)",
"(2.2)",
"Amortization of officer's employment arrangement",
"—",
"27.5",
"Write-off of 20 Times Square pre-development costs",
"—",
"6.9",
"Gain",
"on sale of marketable securities, air rights, and transfer of mortgages",
"—",
"(16.1)",
"Minority interest's share of above adjustments",
"(3.1)",
"(10.7)",
"Funds from Operations, Adjusted for Comparability ",
"531.7",
"481.0",
"Funds from Operations, Adjusted for Comparability per share",
"$",
"4.56",
"$ 4.28",
"Mike",
"and I are more than satisfied with Vornado’",
"finan-",
". We also benefited from the fact that",
"happen by chance)",
"(1)",
"(2)",
"cial performance in 2003. In a soft office market (our",
"our office rents are still below market (see page 5 of ",
"Company is about 60% office), we benefited greatly from",
"the financial section of this Annual Report for full leasing",
"the fact that our office investments are concentrated",
"details) and, as a stool gains strength from its multiple",
"legs, we also benefited from 2003’s strong financial per-",
"almost entirely in New York and Washington, DC, the two",
"formance of our retail business and Mart business.",
"strongest office markets in the country (and this did not",
"(1)",
"Michael Fascitelli, Vornado’",
"President and my partner in running Vornado.",
"(2)",
"As long-term Vornado watchers know",
"we chose our markets very carefully, investing only in high-",
"demand, tight-supply, densely urban markets that have a histor",
"y of spiking rents and values. Further, we",
"greatly prefer to invest",
"at a discount to replacement cost and in properties with embedded rents that are",
"well below market rents."
] | train |
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],
[
323,
627,
347,
638
],
[
383,
627,
405,
638
],
[
440,
627,
462,
638
],
[
107,
627,
263,
638
],
[
489,
642,
876,
653
],
[
302,
642,
342,
653
],
[
359,
642,
403,
653
],
[
415,
642,
459,
653
],
[
78,
643,
186,
654
],
[
489,
657,
877,
668
],
[
489,
672,
877,
683
],
[
337,
678,
423,
686
],
[
489,
687,
876,
698
],
[
381,
690,
406,
700
],
[
433,
690,
458,
700
],
[
319,
691,
346,
700
],
[
79,
691,
162,
701
],
[
489,
702,
872,
713
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[
78,
706,
257,
717
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[
489,
717,
865,
728
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[
93,
720,
198,
731
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[
300,
721,
346,
732
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[
361,
721,
405,
732
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[
415,
721,
457,
732
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[
259,
735,
268,
741
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[
93,
735,
259,
746
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[
318,
736,
345,
747
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[
380,
736,
405,
747
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434,
736,
459,
747
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[
491,
743,
570,
753
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744,
835,
753
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[
93,
749,
227,
760
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227,
749,
235,
755
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[
318,
750,
345,
761
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380,
750,
405,
761
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[
434,
750,
459,
761
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[
790,
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815,
767
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847,
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730,
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757,
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814,
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833,
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346,
790
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361,
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404,
790
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415,
779,
457,
790
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490,
787,
565,
798
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718,
787,
757,
798
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775,
787,
814,
798
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833,
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861,
434,
870
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[
85,
871,
268,
880
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[
78,
922,
261,
930
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"Notes to Consolidated Financial Statements",
"38",
"The Procter & Gamble Company and Subsidiaries",
"Stock-Based Compensation",
"anticipated inventory purchases, the Company uses futures and options ",
"The Company has stock-based compensation plans under which stock ",
"with maturities generally less than one year and swap contracts",
"options are granted annually to key managers and directors at the",
"with maturities up to five years. These market instruments are",
"market price on the date of grant. Grants were made under stock-based ",
"designated as cash flow hedges under SFAS No. 133. Accordingly, the ",
"compensation plans approved by shareholders in 1992 and 2001. ",
"mark-to-market gain or loss on qualifying hedges is reported in OCI and ",
"Grants issued since 1998 are fully exercisable after three years and ",
"reclassified into cost of products sold in the same period or periods ",
"have a fifteen-year life, while prior years’ grants are fully exercisable",
"during which the hedged transaction affects earnings. Qualifying cash ",
"after one year and have a ten-year life.",
"flow hedges currently recorded in OCI are not considered material. The ",
"mark-to-market gain or loss on non-qualifying, excluded and ineffective ",
"Pursuant to SFAS No. 123, “Accounting for Stock-Based Compensa-",
"portions of hedges is immediately recognized in cost of products sold. ",
"tion,” the Company has elected to account for its employee stock",
"Commodity hedging activity was not material to the Company’s",
"option plans under APB Opinion No. 25, “Accounting for Stock Issued to ",
"financial statements for the years ended June 30, 2002 and 2001.",
"Employees,” which recognizes expense based on intrinsic value at date ",
"of grant. As stock options have been issued with exercise prices equal ",
"Note 8 Earnings Per Share and Stock Options",
"to grant date fair value, no compensation cost has resulted. Had",
"compensation cost for the plans been determined based on the fair",
"Net Earnings Per Common Share",
"value at grant date consistent with SFAS No. 123, the Company’s net ",
"Net earnings less preferred dividends (net of related tax benefits) are ",
"earnings and earnings per common share would have been as follows:",
"divided by the weighted average number of common shares outstand-",
"ing during the year to calculate basic net earnings per common share. ",
"Years Ended June 30",
"Diluted net earnings per common share is calculated to give effect to ",
"2002",
"2001",
"2000",
"stock options and convertible preferred stock. The dilutive effect of",
"Net Earnings",
"outstanding employee stock options is reflected by application of the ",
"As reported",
" $4,352",
" $2,922",
" $3,542",
"treasury stock method under SFAS No. 128, “Earnings per Share.” ",
"Pro forma",
" 3,910",
" 2,612",
" 3,363",
"Basic and diluted net earnings per common share are as follows:",
"Net Earnings Per Common Share",
"Basic",
"Years Ended June 30",
"2001",
"2000",
"2002",
"As reported",
" $3.26",
" $2.15",
" $2.61",
"Net earnings available to ",
"Pro forma",
" 2.92",
"1.92",
"2.47",
"$4,228",
" $2,801",
" $3,427",
"common shareholders",
"Diluted",
"Preferred dividends, net ",
"As reported",
" 3.09",
"2.07",
"2.47",
"124",
"121",
"115",
"of tax benefit",
"Pro forma",
" 2.77",
"1.85",
"2.34",
"Preferred dividend impact on ",
"(12)",
"(15)",
"(18)",
"funding of ESOP (see Note 9)",
"The fair value of grants issued in 2001 and 2000 was estimated using ",
" 4,340",
" 2,907",
" 3,524",
"Diluted net earnings",
"the binomial options-pricing model. For options granted in 2002, the ",
"Company has estimated the fair value of each grant using the more ",
"Years Ended June 30",
"widely recognized Black-Scholes option-pricing model. Assumptions are ",
"2001",
"2000",
"2002",
"Shares in millions",
"evaluated annually and revised, as necessary, to reflect market condi-",
"Basic weighted average common ",
"tions and additional experience. The following assumptions were used:",
" shares outstanding",
"1,297.4",
" 1,300.3",
"1,313.2",
"(1)",
"Conversion of preferred shares ",
"88.8",
"91.9",
"94.3",
"Options Granted",
"Years Ended June 30",
"Exercise of stock options ",
"(2)",
"18.7",
"13.4",
"19.7",
"2001",
"2000",
"2002",
"Diluted weighted average common ",
"Interest rate",
" 5.4%",
" 5.8%",
" 6.0%",
" shares outstanding",
"1,404.9",
"1,405.6",
"1,427.2",
"Dividend yield",
" 2.2%",
" 2.0%",
" 1.5%",
"$^{(1) }$Despite being included currently in diluted net earnings per common share, the actual ",
"Expected volatility",
" 20%",
" 26%",
" 28%",
"conversion to common stock occurs pursuant to the repayment of the ESOP debt over ",
"Expected life in years",
" 12",
"9",
"9",
"a period exceeding 20 years.",
"$^{(2)}$ Approximately 36 million in 2002, 38 million in 2001 and 17 million in 2000 of the ",
" Company’s outstanding stock options were not included in the diluted net earnings ",
"per common share calculation because to do so would have been antidilutive (i.e., ",
"the exercise price exceeded market value.) ",
"Millions of dollars except per share amounts"
] | train |
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535,
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547,
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594,
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897,
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338,
511,
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636,
361
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494,
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487,
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608
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"NOTES TO CONSOLIDATED ",
"FINANCIAL STATEMENTS",
"Net Assets ",
"Net",
"Note 3.",
"(in millions)",
"Acquired",
"Other",
"Impact",
"ACQUISITION OF JOINT VENTURE IN JAPAN",
"Current assets",
"Accounts and other ",
"On October 1, 2002, the Company acquired from Baxter for",
"receivables, net",
"$",
"18.8",
"$",
"(14.8)",
"$",
"4.0",
"(b)",
"$19.0 million, net, the cardiovascular business in Japan.",
"Inventories, net",
"36.0",
"—",
"36.0",
"The purchase price excluded approximately $30 million of",
"Prepaid expenses ",
"securitized accounts receivable. In the three months ended",
"and other current ",
"September 30, 2002, the Company recorded a $3.3 million",
"assets",
"1.6",
"—",
"1.6",
"charge for legal, administrative and regulatory expenses",
"Total current ",
"related to the acquisition. Commencing October 1, 2002 the",
"assets",
"56.4",
"(14.8)",
"41.6",
"Company began reporting the results of the Japan business",
"Property, plant and ",
"Property, plant and ",
"on a fully consolidated basis. The acquisition did not",
"equipment, net",
"15.3",
"—",
"15.3",
"materially impact the Company’s net income as the ",
"materially impact the Company’s net income as the ",
"Deferred income ",
"Deferred income ",
"terms of the joint venture agreement enabled Edwards ",
"taxes",
"42.7",
"—",
"42.7",
"(a)",
"Lifesciences to record substantially all of the net profit",
"Other assets",
"Other assets",
"3.1",
"—",
"3.1",
"generated by the Japan business (see Note 1).",
"$1",
"17.5",
"$",
"(14.8)",
"$ 102.7",
"The acquisition of the cardiovascular business in Japan",
"was accounted for using the predecessor basis of accounting,",
"Accounts payable and ",
"whereby acquired assets and liabilities are recorded at their",
"accrued liabilities",
"$",
"29.6",
"$",
"(14.8)",
"$",
"14.8",
"(b)",
"historical balances. The impact to the Company’s balance",
"Long-term debt",
"—",
"19.0",
"19.0",
"(c)",
"sheet on October 1, 2002 from the acquisition was as follows:",
"Other liabilities",
"5.9",
"—",
"5.9",
"Stockholders’ equity",
"Additional ",
"contributed capital",
"129.8",
"(19.0)",
"110.8",
"Accumulated other ",
"comprehensive ",
"income",
"(47.8)",
"—",
"(47.8)",
"Total stockholders’",
"equity",
"82.0",
"(19.0)",
"63.0",
"$1",
"17.5",
"$",
"(14.8)",
"$ 102.7",
"(a)",
"Deferred tax asset relates to a tax basis step up in connection with the acquisition.",
"(b)",
"To reflect the elimination of receivables and payables between Edwards Lifesciences",
"and the joint venture in Japan which are considered intercompany balances after",
"the acquisition.",
"(c)",
"To reflect the incurrence of $19.0 million of long-term debt to effect the transaction.",
"S60",
"Edwards Lifesciences Corporation"
] | train |
|
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[
119,
71,
364,
120
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718,
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940,
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[
124,
142,
339,
156
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[
97,
144,
105,
156
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"Contents",
"2003 KeyCorp Annual Report",
"LETTER TO SHAREHOLDERS",
"2",
"Key Chairman and CEO Henry Meyer describes why the",
"45",
"Report of Management",
"company is well positioned to deliver stronger results",
"45",
"Report of Independent Auditors",
"46",
"Consolidated Balance Sheets",
"KEY IN PERSPECTIVE",
"6",
"An easy-to-read guide that describes KeyGLYPH<213>s ",
"47",
"Consolidated Statements of Income",
"lines of business",
"48",
"Consolidated Statements of Changes in ",
"ShareholdersGLYPH<213> Equity",
"FINANCIAL REVIEW",
"8",
"49",
"Consolidated Statements of Cash Flow",
"ManagementGLYPH<213>s Discussion & Analysis of Financial",
"Condition & Results of Operations",
"50",
"Notes to Consolidated Financial Statements",
"Introduction",
"Summary of Significant Accounting Policies",
"8",
"50",
"Terminology",
"8",
"Earnings Per Common Share",
"57",
"Description of business",
"8",
"Acquisitions and Divestiture",
"57",
"Long-term goals and related factors",
"8",
"Line of Business Results",
"58",
"Corporate strategy",
"9",
"Restrictions on Cash, Dividends ",
"Significant accounting policies and estimates",
"61",
"9",
"and Lending Activities",
"Revenue recognition",
"11",
"Securities",
"Highlights of Key’s 2003 Performance",
"61",
"11",
"Loans",
"Line of Business Results",
"63",
"13",
"Consumer Banking",
"14",
"Loan Securitizations and Variable ",
"63",
"Corporate and Investment Banking",
"16",
"Interest Entities",
"Investment Management Services",
"16",
"Impaired Loans and Other Nonperforming",
"66",
"Other Segments",
"17",
"Assets",
"Results of Operations",
"17",
"Goodwill and Other Intangible Assets",
"66",
"Net interest income",
"17",
"Short-Term Borrowings",
"68",
"Noninterest income",
"21",
"Long-Term Debt",
"69",
"Noninterest expense",
"23",
"Income taxes",
"24",
"Capital Securities Issued By ",
"69",
"Unconsolidated Subsidiaries",
"Financial Condition",
"25",
"Loans",
"25",
"Shareholders’ Equity",
"70",
"Securities",
"28",
"Stock Options",
"72",
"Deposits and other sources of funds",
"29",
"Employee Benefits",
"73",
"Capital",
"30",
"Income Taxes",
"76",
"Off-Balance Sheet Arrangements and ",
"31",
"Commitments, Contingent Liabilities ",
"77",
"Aggregate Contractual Obligations",
"and Guarantees",
"Off-balance sheet arrangements",
"31",
"Contractual obligations",
"32",
"Derivatives and Hedging Activities",
"80",
"Guarantees",
"32",
"Fair Value Disclosures of Financial ",
"82",
"Risk Management",
"33",
"Instruments",
"Overview",
"33",
"Condensed Financial Information ",
"83",
"Market risk management",
"33",
"of the Parent Company",
"Credit risk management",
"37",
"Liquidity risk management",
"40",
"Operational risk management",
"43",
"Click",
"to go to that page. ",
"Fourth Quarter Results",
"43",
"Key 2003 ",
"1",
"GLYPH<c5412>",
"SEARCH",
"NEXT PAGE"
] | train |
|
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"176",
"ALLIANZ GROUP",
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"¤ ",
"mn",
"% owned",
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"21",
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"14",
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"459",
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"6",
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"7",
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"118",
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"35",
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"8",
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"24",
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"107",
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"51",
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"276",
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"184",
"100.0",
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"100.0",
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"169",
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"24",
"100.0",
"3)",
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"34",
"50.0",
"3)",
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"35",
"50.0",
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"13",
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"387",
"100.0",
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"165",
"84.6",
"1)",
"Percentage includes equity participations held by dependent enterprises in full, even if the Group’s share in this dependent enterprise is under 100%",
"2)",
"99.78% of the voting share capital",
"3)",
"Controlled by Allianz"
] | train |
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"FINANCIAL HIGHLIGHTS",
"2003 ",
"2002",
"YEAR ENDED DECEMBER 31,",
"Revenues",
"$ 1,503,055,000",
"$ 1,392,239,000",
"Net income",
"$",
"439,888,000",
"$",
"209,736,000",
"Net income per share—basic",
"$",
"3.92",
"$",
"1.98",
"Net income per share—diluted",
"$",
"3.80",
"$",
"1.91",
"Total assets",
"$ 9,518,928,000",
"$ 9,018,179,000",
"Shareholders’ equity",
"$ 3,077,573,000",
"$ 2,627,356,000",
"Funds from Operations*",
"$",
"518,242,000",
"$",
"439,775,000",
"*",
"EBITDA",
"Funds From Operations Per Share",
"(before Minority Interest and Gains ",
"$_{on Sale of Real Estate)}$*",
"(in dollars)",
"(in millions of dollars) ",
"1,054",
"4.44",
"962",
"3.96",
"3.91",
"818",
"751",
"3.65",
"627",
"3.37",
"428",
"2.81",
"155",
"1.27",
"97",
"98",
"99",
"00",
"01",
"02",
"03",
"97",
"98",
"99",
"00",
"01",
"02",
"03",
"$_{EBITDA by Region}$*",
"$_{EBITDA by Segment}$*",
"for the year ended December 31, 2003",
"for the year ended December 31, 2003",
"NYC",
"OFFICE ",
"31%",
"NYC",
"METRO AREA",
"41%",
"W",
"ASH. DC OFFICE ",
"28%",
"W",
"ASH. DC METRO AREA ",
"28%",
"RET",
"AIL ",
"13%",
"CHICAGO",
"12%",
"MERCHANDISE",
"MART ",
"11%",
"SOUTHERN",
"PA METRO AREA ",
"2%",
"TEMP. CONTROLLED LOGISTICS ",
"7%",
"PUER",
"TO RICO ",
"1%",
"OTHER",
"10%",
"OTHER",
"16%",
"*",
"In",
"these financial highlights and in the letter to our shareholders which follows, we present certain non-GAAP",
"measures",
"including Funds from Operations (“FFO”), Funds from Operations as Adjusted for Comparability ",
"and",
"EBITDA before minority interest and gains on sale of real estate. We have provided reconciliations of these",
"non-GAAP",
"measures to the applicable GAAP measure in the appendix to the Chairman’s Letter on page 15",
"and in Management’",
"Discussion and Analysis of Financial Condition and Results of Operations."
] | train |
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[
62,
757,
319,
773
],
[
84,
772,
274,
788
],
[
417,
772,
469,
788
],
[
526,
772,
578,
788
],
[
635,
772,
687,
788
],
[
745,
772,
797,
788
],
[
854,
772,
906,
788
],
[
75,
806,
855,
819
],
[
62,
807,
66,
814
],
[
62,
820,
868,
833
],
[
62,
834,
894,
847
],
[
62,
847,
893,
861
],
[
62,
861,
904,
875
],
[
62,
875,
848,
889
],
[
62,
889,
901,
903
],
[
62,
903,
909,
917
],
[
62,
917,
901,
931
],
[
62,
931,
845,
944
],
[
62,
945,
226,
958
],
[
475,
961,
500,
984
]
] | [
8,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
10,
10,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
5
] | [
"MANAGEMENT’S DISCUSSION AND ANALYSIS",
"OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS",
"enable the Company to access capital for future",
"The December 31, 2002 and 2001, depreciation",
"purchases of operating properties as opportunities",
"adjusted cost of properties collateralizing the",
"arise. As of December 31, 2002, $46,750,000 was",
"mortgage notes payable totaled $280,051,000 and",
"outstanding under the line, with interest calculated",
"$264,831,000, respectively. Certain loans are subject",
"using LIBOR plus 1.625%. Loan availability is",
"to financial covenant tests, the most significant of",
"determined by operating income from the",
"which are debt service coverage and loan to asset",
"Company’s unencumbered properties, which, as of",
"value requirements under the variable rate loans.",
"December 31, 2002 allowed the Company to",
"The Company believes it is in compliance with all",
"borrow an additional $30,250,000 for general",
"such covenants. Notes payable at December 31,",
"corporate use. An additional $48 million is available",
"2002 and 2001, totaling $266,392,000 and",
"for funding working capital and operating property",
"$242,168,000, respectively, are guaranteed by",
"acquisitions supported by the unencumbered",
"members of The Saul Organization. The Company’s",
"properties’ internal cash flow growth and operating",
"interest expense coverage ratio (calculated as",
"income of future acquisitions. Also during 2002, the",
"operating income before interest expense,",
"Company committed to replace its $42,000,000",
"amortization of deferred debt expense and",
"construction loan used to finance the building of",
"depreciation and amortization, divided by interest",
"Washington Square at Old Town with a $42,500,000",
"expense), increased to 2.78 during the past year,",
"permanent mortgage. The new permanent",
"from 2.63 in 2001.",
"financing, closed in January 2003, matures in 15",
"During 2002 the Company closed a new $125 million",
"years and requires monthly principal and interest",
"unsecured revolving credit facility to provide working",
"payments based upon a 27.5 year amortization",
"capital and funds for acquisitions. The line has a",
"period and 6.01% interest rate. In September 2002,",
"three-year term and provides for an additional one-",
"the Company assumed a $7,806,000 mortgage in",
"year extension at the Company’s option. The new",
"conjunction with its acquisition of Kentlands Square",
"line is a $55 million expansion of a prior revolver. The",
"shopping center.",
"additional availability under the new facility will",
"Funds From Operations",
"In 2002, the Company reported Funds From Operations (FFO) of $44,031,000 on a fully converted basis,",
"representing a 9.7% increase over 2001 FFO of $40,141,000. The following table presents a reconciliation from",
"income before minority interests to FFO: ",
"For the Years Ended December 31,",
"(In thousands)",
"2002",
"2001",
"2000",
"1999",
"1998",
"Income before minority interests",
"$",
"27,636",
"$ ",
"25,383",
"$ ",
"22,114",
"$",
"21,220",
"$",
"16,369",
"Subtract: Gain on sale of property",
"(1,426)",
"- ",
"- ",
"(553)",
"--",
"Add: ",
"Cumulative effect of change ",
"in accounting method",
"--",
"--",
"--",
"--",
"771",
"Depreciation and amortization ",
"of real property",
"17,821",
"14,758",
"13,534",
"12,163",
"12,578",
"1",
"FFO ",
"$",
"44,031",
"$",
"40,141",
"$",
"35,648",
"$",
"32,830",
"$",
"29,718",
"Average Shares and Units Used to ",
"Compute FFO per Share ",
"20,059",
"19,383",
"18,796",
"18,148",
"17,233",
"FFO is a widely accepted non-GAAP financial measure of operating performance for REITs. FFO is presented on a fully",
"1",
"converted basis, and is defined by the National Association of Real Estate Investment Trusts as net income before gains or",
"losses from property sales, extraordinary items, and before real estate depreciation and amortization. FFO does not represent",
"cash generated from operating activities in accordance with GAAP and is not necessarily indicative of cash available to fund",
"cash needs, which is disclosed in the Consolidated Statements of Cash Flows for the applicable periods. There are no material",
"legal or functional restrictions on the use of FFO. FFO should not be considered as an alternative to net income, as an",
"indicator of the Company’s operating performance, or as an alternative to cash flows as a measure of liquidity. Management",
"considers FFO a supplemental measure of operating performance and along with cash flow from operating activities, financing",
"activities and investing activities, it provides investors with an indication of the ability of the Company to incur and service debt,",
"to make capital expenditures and to fund other cash needs. FFO may not be comparable to similarly titled measures",
"employed by other REITs.",
"34"
] | train |
|
[
[
384,
213,
745,
229
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[
391,
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608,
295
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[
621,
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[
185,
344,
337,
352
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[
545,
344,
576,
352
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[
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[
769,
344,
798,
352
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[
184,
360,
411,
367
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[
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[
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247,
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663,
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398,
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[
184,
399,
317,
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[
544,
399,
585,
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[
661,
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[
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[
184,
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309,
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[
551,
408,
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[
680,
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[
772,
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426
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[
184,
418,
324,
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[
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418,
585,
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[
661,
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[
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428,
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[
184,
428,
325,
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[
573,
428,
584,
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[
689,
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700,
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],
[
789,
438,
810,
445
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[
184,
438,
368,
445
],
[
563,
438,
585,
445
],
[
679,
438,
700,
445
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[
184,
448,
346,
455
],
[
772,
457,
811,
465
],
[
199,
457,
326,
465
],
[
551,
457,
585,
465
],
[
670,
458,
701,
465
],
[
326,
458,
336,
463
],
[
184,
467,
431,
475
],
[
796,
477,
810,
484
],
[
199,
477,
349,
484
],
[
577,
477,
584,
484
],
[
687,
477,
701,
485
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[
754,
494,
761,
502
],
[
772,
494,
810,
502
],
[
184,
494,
308,
502
],
[
528,
494,
584,
502
],
[
645,
494,
652,
502
],
[
663,
494,
701,
502
],
[
184,
534,
413,
541
],
[
184,
547,
341,
555
],
[
528,
548,
584,
555
],
[
754,
548,
761,
555
],
[
779,
548,
810,
555
],
[
645,
548,
652,
555
],
[
663,
548,
701,
555
],
[
199,
563,
347,
570
],
[
573,
563,
584,
571
],
[
779,
563,
810,
571
],
[
689,
563,
700,
571
],
[
199,
573,
360,
580
],
[
551,
573,
584,
581
],
[
779,
573,
810,
581
],
[
670,
573,
701,
581
],
[
199,
582,
434,
590
],
[
562,
583,
584,
590
],
[
789,
583,
810,
590
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[
680,
583,
701,
590
],
[
199,
592,
297,
600
],
[
554,
593,
585,
600
],
[
782,
593,
810,
600
],
[
671,
593,
700,
600
],
[
184,
610,
308,
617
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[
528,
610,
584,
617
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[
754,
610,
761,
618
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[
772,
610,
810,
618
],
[
645,
610,
652,
618
],
[
663,
610,
701,
618
],
[
184,
627,
300,
634
],
[
558,
627,
595,
635
],
[
785,
627,
819,
635
],
[
677,
627,
711,
635
],
[
184,
652,
339,
660
],
[
184,
667,
220,
675
],
[
528,
677,
536,
685
],
[
551,
677,
584,
685
],
[
199,
677,
266,
685
],
[
754,
677,
761,
685
],
[
779,
677,
810,
685
],
[
645,
677,
652,
685
],
[
680,
677,
701,
685
],
[
562,
687,
584,
694
],
[
199,
687,
426,
695
],
[
789,
687,
810,
695
],
[
670,
687,
701,
695
],
[
528,
704,
536,
712
],
[
551,
704,
584,
712
],
[
184,
704,
333,
712
],
[
754,
704,
761,
712
],
[
779,
704,
810,
712
],
[
645,
704,
652,
712
],
[
670,
704,
701,
712
],
[
559,
722,
595,
729
],
[
184,
722,
300,
729
],
[
786,
722,
820,
729
],
[
677,
722,
711,
729
],
[
184,
761,
526,
767
],
[
164,
778,
184,
789
]
] | [
7,
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
5
] | [
"SUPPLEMENTAL INFORMATION",
"First Busey Corporation",
"(dollars in thousands)",
"Years Ended December 31",
"2001",
"2000",
"1999",
"CHANGES IN STOCKHOLDERS’ EQUITY",
"$",
"87,103",
"Balance at beginning of year",
"$ 92,325",
"$",
"82,284",
"12,548",
"Net income",
"15,653",
"14,053",
"(6,004)",
"Cash dividends declared",
"(7,007)",
"(6,410)",
"1,411",
"Common stock issued ",
"5,595",
"581",
"(5,850)",
"Treasury stock purchased",
"(3,237)",
"(2,385)",
"(2,370)",
"Proceeds from ESOP debt",
"—",
"—",
"150",
"Principal payments on ESOP debt",
"244",
"337",
"Change in accumulated other",
"(4,725)",
"comprehensive income",
"2,211",
"3,843",
"(1)",
"Amortization of restricted stock issued under",
"21",
"restricted stock award plan",
"6",
"22",
"$",
"82,284",
"Balance at end of year",
"$105,790",
"$",
"92,325",
"RESERVE FOR POSSIBLE LOAN LOSSES",
"Balance at beginning of year",
"$ 12,268",
"$",
"7,101",
"$",
"10,403",
"Addition due to acquisition",
"—",
"1,101",
"—",
"Provision charged to expense",
"2,020",
"2,570",
"2,515",
"Recoveries on loans previously charged off",
"176",
"182",
"124",
"Loans charged off",
"(776)",
"(551)",
"(774)",
"Balance at end of year",
"$ 13,688",
"$",
"10,403",
"$",
"12,268",
"As a percent of loans",
"1.40%",
"1.17%",
"1.25%",
"NON-PERFORMING LOANS",
"Loans:",
"$",
"1,265",
"Non-accrual",
"$",
"1,220",
"$",
"767",
"959",
"Loans 90 days past due and still accruing",
"897",
"4,667",
"$",
"2,224",
"Total non-performing loans",
"$",
"2,117",
"$",
"5,434",
"0.23%",
"As a percent of loans",
"0.24%",
"0.55%",
"$^{(1)}$Change in unrealized gain on investment securities available for sale, net",
"10"
] | train |
|
[
[
75,
181,
386,
197
],
[
73,
275,
344,
286
],
[
363,
275,
621,
286
],
[
73,
289,
339,
301
],
[
363,
289,
614,
301
],
[
73,
304,
345,
315
],
[
363,
304,
613,
315
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[
73,
318,
345,
330
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[
363,
318,
609,
330
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[
73,
333,
333,
344
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[
363,
333,
634,
344
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[
73,
347,
330,
359
],
[
363,
347,
628,
359
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[
73,
362,
340,
373
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[
363,
362,
606,
373
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[
73,
376,
317,
388
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[
363,
376,
622,
388
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[
73,
391,
336,
402
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[
363,
391,
632,
402
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[
73,
405,
343,
417
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[
363,
405,
603,
417
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[
73,
420,
311,
431
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[
363,
420,
601,
431
],
[
73,
434,
172,
446
],
[
363,
434,
617,
446
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[
172,
435,
176,
442
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[
363,
449,
611,
460
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[
73,
456,
332,
468
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[
363,
463,
610,
475
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[
73,
471,
332,
483
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[
363,
478,
614,
490
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[
73,
485,
322,
497
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[
363,
492,
594,
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[
73,
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512
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[
363,
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518,
519
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[
73,
514,
344,
526
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[
73,
529,
334,
541
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[
73,
544,
337,
555
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[
73,
558,
338,
570
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[
73,
573,
309,
584
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[
73,
587,
334,
599
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[
73,
602,
303,
613
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[
73,
616,
335,
628
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[
73,
631,
328,
642
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[
73,
645,
339,
657
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[
73,
660,
343,
671
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[
73,
674,
342,
686
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[
73,
689,
337,
700
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[
73,
703,
344,
715
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[
73,
718,
337,
729
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[
73,
732,
294,
744
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[
73,
831,
609,
842
],
[
65,
831,
70,
838
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[
73,
845,
579,
857
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[
73,
860,
630,
871
],
[
73,
874,
579,
886
],
[
73,
889,
209,
900
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[
909,
927,
916,
938
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[
784,
927,
847,
935
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[
874,
927,
887,
935
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[
888,
927,
899,
935
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] | [
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
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10,
10,
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2,
2,
2,
2,
2,
2,
5,
5,
5,
5
] | [
"2003 Financials and Operating Review",
"In fiscal 2003, nearly all our business divisions",
"As always, we ran our business prudently. We",
"and geographies were adversely affected by",
"reacted quickly to the tough fiscal situation",
"the economy as customers tightened budgets",
"with cost-reduction efforts, including work-",
"and delayed purchases. Our year-end revenues",
"force and facilities reductions, no incentive",
"totaled $825 million, down 13 percent from",
"bonus payouts, and mandatory time off for our",
"fiscal 2002. Because our operating margins",
"employees.These measures helped us control",
"are sensitive to reductions in sales revenues,",
"our operating expenses and allowed us to",
"this year’s revenue decline resulted in an",
"remain profitable at recent levels of revenue.",
"operating margin of 3 percent of fiscal 2003",
"At the same time, we invested in growth initia-",
"net revenue, compared to 10 percent in fiscal",
"tives for the future and also recruited and",
"2002. Pro forma diluted net income per ",
"hired key senior management personnel.",
"share was $0.41.",
"These talented executives will be integral to",
"1",
"the growth of the company going forward.",
"As fiscal 2003 was a year focused on product",
"And once again Autodesk was named one ",
"development, revenues were clearly affected",
"of Fortune magazine’s 100 Best Companies ",
"by fewer product releases. Many significant",
"to Work For—a strong statement about ",
"products either were released in late fiscal 2003",
"our culture and our values.",
"or will be released in the first half of fiscal 2004.",
"As a result of our product cycle and the weak",
"business environment, upgrade revenue from",
"AutoCAD products in fiscal 2003 decreased to",
"$69 million from $230 million a year ago.",
"Despite the decrease in upgrade revenue, we",
"saw strong growth in the success of our",
"Subscription Program. A new way for existing",
"customers to stay current with our software,",
"the Subscription Program represented 21 per-",
"cent of the total Americas Design Solutions Q4",
"revenue. Deferred revenue related to subscrip-",
"tions grew to $57 million, an increase of more",
"than 60 percent over fiscal 2002.The Subscription",
"Program is one of our keys to creating a more",
"predictable, recurring revenue stream.",
"Actual net income was $31.9 million, or $0.28 per diluted share. Adding to actual net income",
"1",
"restructuring charges of $25.9 million and amortization of intangibles in the amount of ",
"$0.3 million, and subtracting a nonrecurring tax benefit of $3.8 million and tax effects associated",
"with the above items of $7.1 million, results in pro forma net income of $47.2 million or ",
"$0.41 per diluted share.",
"3",
"Autodesk, Inc.",
"FY ",
"03"
] | train |
|
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"ZIMMER HOLDINGS, INC. AND SUBSIDIARIES",
"2003 FORM 10-K",
"Index to Exhibits",
"(Continued)",
"Exhibit No.",
"Description",
"10.13*",
"Change in Control Severance Agreement with J. Raymond Elliott (incorporated herein by reference to Exhibit 10.2",
"to Quarterly Report on Form 10-Q filed May 8, 2002)",
"10.14*",
"Change in Control Severance Agreement with Sam R. Leno, Bruno A. Melzi, Bruce E. Peterson and David C. Dvorak",
"(incorporated herein by reference to Exhibit 10.3 to Quarterly Report on Form 10-Q filed May 8, 2002)",
"10.15*",
"Change in Control Severance Agreement with James T. Crines (incorporated herein by reference to Exhibit 10.4 to",
"Quarterly Report on Form 10-Q filed May 8, 2002)",
"10.16*",
"Change in Control Severance Agreement with Sheryl L. Conley (incorporated herein by reference to Exhibit 10.2 to",
"Quarterly Report on Form 10-Q dated August 8, 2003)",
"10.17",
"$26,000,000 Uncommitted Standard Instrument Line of Credit between Zimmer, Inc. and subsidiaries and Bank of",
"America, N.A. and its affiliates and subsidiaries dated July 17, 2001 (incorporated herein by reference to",
"Exhibit 10.23 to Annual Report on Form 10-K filed March 13, 2002)",
"10.18",
"Amendment No. 1 to Letter Agreement dated July 17, 2001 between Zimmer, Inc. and Bank of America, N.A. dated",
"July 26, 2001 (incorporated herein by reference to Exhibit 10.24 to Annual Report on Form 10-K filed March 13,",
"2002)",
"10.19",
"Amendment No. 2 to Letter Agreement dated July 17, 2002 between Zimmer, Inc. and Bank of America, N.A. dated",
"February 5, 2002 (incorporated herein by reference to Exhibit 10.1 to Quarterly Report on Form 10-Q filed May 8,",
"2002)",
"10.20",
"Amendment No. 3 to Letter Agreement dated as of July 31, 2003 between Zimmer Holdings, Inc. and Bank of",
"America, N.A. (incorporated herein by reference to Exhibit 10.2 to Quarterly Report on Form 10-Q dated",
"November 14, 2003)",
"10.21",
"Uncommitted Credit Agreement between Zimmer, Inc. and Sumitomo Mitsui Banking Corporation dated October 29,",
"2001 (incorporated herein by reference to Exhibit 10.25 to Annual Report on Form 10-K filed March 13, 2002)",
"10.22",
"First Amendment dated July 15, 2002 to the Uncommitted Credit Agreement dated October 29, 2001 between",
"Zimmer, Inc. and Sumitomo Mitsui Banking Corporation (incorporated herein by reference to Exhibit 10.1 to",
"Quarterly Report on Form 10-Q filed November 12, 2002)",
"10.23",
"$20,000,000 Uncommitted Line of Credit between Zimmer Holdings, Inc. and Fleet National Bank dated October 16,",
"2002 (incorporated herein by reference to Exhibit 10.2 to Quarterly Report on Form 10-Q filed November 12, 2002)",
"10.24",
"Tender Agreement, dated as of August 31, 2003, between Ren´e Braginsky, Hans Kaiser, Z ¨urich Versicherungs-",
"Gesellschaft, III Institutional Investors International Corp. and Zimmer Holdings, Inc. (incorporated by reference to",
"Exhibit 99.1 to the Registrant’s Form 8-K, filed September 2, 2003)",
"10.25",
"$1,350,000,000 Revolving Credit and Term Loan Agreement among Zimmer Holdings, Inc., Zimmer, Inc., Zimmer K.K.,",
"Zimmer Ltd., the borrowing subsidiaries and the lenders named therein, dated as of June 12, 2003 (incorporated by",
"reference to Exhibit 10.27 to the Registrant’s Registration Statement on Form S-4, Registration No. 333-105561, filed",
"June 13, 2003)",
"10.26",
"$400,000,000 364-Day Credit Agreement among Zimmer Holdings, Inc., the borrowing subsidiaries and the lenders",
"named therein, dated as of June 12, 2003 (incorporated by reference to Exhibit 10.28 to the Registrant’s Registration",
"Statement on Form S-4 Registration No. 333-105561, filed June 13, 2003)",
"21",
"List of Subsidiaries of Zimmer Holdings, Inc.",
"23",
"Consent of PricewaterhouseCoopers LLP",
"31.1",
"Certification pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934 of the Chief Executive",
"Officer, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.",
"31.2",
"Certification pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934 of the Chief Financial",
"Officer, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.",
"32",
"Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of",
"2002.",
"* indicates management contracts or compensatory plans or arrangements",
"61"
] | train |
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"Management’s Discussion ",
"Con Edison’s net income for common stock in 2003 was $528",
"million or $2.39 a share. Net income for common stock in",
"and Analysis of Financial",
"2002 and 2001 was $646 million or $3.03 a share and $682",
"Condition and Results ",
"million or $3.22 a share, respectively. Included in 2003 net",
"of Operations",
"income for common stock were impairment charges for certain",
"unregulated telecommunications and generating assets ($94",
"million after-tax or $0.43 per share) and the impact of a regula-",
"This discussion and analysis relates to the consolidated finan-",
"tory settlement ($5 million after-tax charge or $0.03 per share),",
"cial statements of Consolidated Edison, Inc. (Con Edison) and",
"partially offset by the cumulative effect of changes in account-",
"should be read in conjunction with the financial statements and",
"ing principles ($3 million after-tax gain or $0.02 per share).",
"the notes thereto. Consolidated Edison Company of New York,",
"Included",
"in the 2002 results was the cumulative effect of",
"Inc. (Con Edison of New York) and Orange and Rockland",
"changes in accounting principles ($22 million after-tax charges",
"Utilities, Inc. (O&R), which are regulated utilities, are sub-",
"or",
"$0.11 per share). ",
"sidiaries of Con Edison and are referred to in this manage-",
"ment’s discussion and analysis of financial condition and",
"For additional segment financial information, see Note O to the",
"results of operations (MD&A) as the “Utilities.” The Utilities,",
"financial statements and “Results of Operations,” below.",
"together with Con Edison, are referred to in this MD&A as ",
"the “Companies.”",
"The Companies are each subject to certain material contingen-",
"cies, including certain Utility environmental matters and Con",
"Neither Con Edison of New York nor O&R makes any ",
"Edison’s legal proceedings relating to its October 1999 agree-",
"representation as to information in this report relating to ",
"ment",
"to acquire Northeast Utilities. See “Application of Critical",
"Con Edison or the subsidiaries of Con Edison other than itself.",
"Accounting Policies - Accounting for Contingencies,” below.",
"Information in the notes to the consolidated financial state-",
"ments referred to in this discussion and analysis is hereby",
"Regulated Utility Subsidiaries",
"incorporated by reference herein. The use of terms such as",
"Con",
"Edison of New York provides electric service to over 3.1",
"“see” or “refer to” shall be deemed to incorporate by reference",
"million customers and gas service to 1.1 million customers in",
"into this discussion and analysis the information to which ",
"New",
"York City and Westchester County. The company also",
"reference is made. ",
"provides steam service in parts of Manhattan. O&R, along with",
"its regulated utility subsidiaries, provides electric service to over",
"Corporate Overview",
"285,000 customers in southeastern New York and adjacent",
"Con Edison’s principal business operations are those of ",
"sections of New Jersey and northeastern Pennsylvania and",
"the Utilities. Con Edison also has unregulated subsidiaries that",
"gas service to over 120,000 customers in southeastern New",
"compete in energy-related and telecommunications industries. ",
"York and northeastern Pennsylvania. ",
"Certain financial data of Con Edison’s subsidiaries is ",
"The Utilities are primarily “wires and pipes” energy delivery",
"presented below:",
"companies that are subject to extensive federal and state regu-",
"At December ",
"lation.",
"Pursuant to restructuring agreements, the Utilities have",
"Twelve months ended December 31, 2003",
"31, 2003",
"(Millions of Dollars)",
"Operating Revenues",
"Net Income",
"Assets",
"sold most of their electric generating capacity and provide their",
"Con Edison ",
"customers the opportunity to buy electricity and gas directly",
"of New York",
"$8,166",
"83%",
"$591",
"112% $17,764",
"85%",
"from other suppliers through the Utilities’ retail access pro-",
"O&R",
"727",
"7%",
"45",
"9%",
"1,269",
"6%",
"grams. The Utilities supply more than half of the energy deliv-",
"Total Utilities",
"8,893",
"90%",
"636",
"121%",
"19,033",
"91%",
"ered by them in their service areas and provide delivery service",
"Con Edison ",
"to their customers that buy energy from other suppliers. The",
"Communications",
"19",
"-%",
"(108)(b)",
"(20)%",
"35(b)",
"-%",
"Utilities purchase substantially all of the energy they supply to",
"Con Edison Development 303",
"3%",
"(9)(b)",
"(2)%",
"1,275(b)",
"6%",
"customers pursuant to firm contracts or through wholesale",
"Con Edison Energy",
"54",
"1%",
"1",
"- % ",
"117",
"-%",
"energy markets. In general, the Utilities recover on a current",
"Con Edison Solutions",
"578",
"6%",
"19",
"3%",
"127",
"1%",
"basis the fuel and purchased power costs they incur in supply-",
"Other(a)",
"(20)",
"-%",
"(11)",
"(2)%",
"379",
"2%",
"ing energy to their full-service customers, pursuant to",
"Total Con Edison",
"$9,827",
"100%",
"$528",
"100% $20,966",
"100%",
"appr",
"oved rate plans.",
"(a)",
"Represents inter-company and parent company accounting.",
"(b)",
"Reflects impairment charges discussed below.",
"Con Edison anticipates that the Utilities will provide substantial-",
"ly all of its earnings over the next few years. The Utilities’ earn-",
"Con Edison Annual Report 2003",
"21"
] | train |
|
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"www.bmo.com/annualreport2002",
"Corporate Information",
"Shareholder Inquiries",
"This BMO Financial Group 2002 Annual Report is available for",
"For dividend information, change in share registration or address,",
"viewing/printing on our web site at www.bmo.com. For a printed",
"lost certificates, estate transfers, or to advise of duplicate mailings,",
"please call Bank of Montreal’s Transfer Agent and Registrar at ",
"copy, please contact:",
"1-800-332-0095 (Canada and the United States), or at (514) 982-7800",
"Corporate Communications Department",
"(international), or write to:",
"302 Bay Street, 10th Floor",
"Computershare Trust Company of Canada",
"Toronto, Ontario M5X 1A1",
"100 University Avenue, 9th Floor",
"(On peut obtenir sur demande un exemplaire en français.)",
"Toronto, Ontario M5J 2Y1",
"General Information",
"Annual Meeting",
"For general inquiries about company news and initiatives please",
"contact our Corporate Communications Department. BMO",
"The Annual Meeting of Shareholders will be held on Tuesday,",
"Financial Group’s news releases are available on our web site ",
"February 25, 2003 at 9:30 a.m. (Eastern Standard Time) at the",
"at www.bmo.com.",
"Fairmont Château Laurier, Ottawa, Ontario, Canada.",
"¤",
"¤",
"3",
"TM/",
"Registered trade mark of Standard & PoorGLYPH<213>s Corporation",
"Trade marks/registered trade marks of Bank of Montreal",
"¤",
"4",
"Registered trade mark of MasterCard International Incorporated",
"$^{¤}$*",
"GLYPH<210>Nesbitt BurnsGLYPH<211> is a registered trade mark of BMO Nesbitt Burns Corporation Limited",
"¤",
"¤",
"5",
"TM1/",
"1",
"Registered trade mark of Dow Jones & Company, Inc.",
"Trade marks/registered trade marks of Harris Trust and Savings Bank",
"TM4",
"TM2",
"Trade mark of dealerAccess Inc.",
"Trade mark of Credit Suisse Group",
"¤",
"6",
"TM3",
"Registered trade mark of Morgan Stanley Dean Witter & Co.",
"Trade mark of myCFO, Inc.",
"¤",
"TM5",
"2",
"Trade mark of Moneris Solutions Corporation",
"Registered trade mark of MoodyGLYPH<213>s Investors Service, Inc."
] | train |
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"ZIMMER HOLDINGS, INC. AND SUBSIDIARIES",
"2003 FORM 10-K",
"product. Most knee articulating surfaces only receive the",
"cover the full spectrum of patient bone types and sizes with",
"more general ‘‘resistance to wear’’ claim that does not",
"a single set of easy-to-use instruments. The comprehensive",
"specifically address the primary mode of failure in knees,",
" Prosthesis Solution product line offers a variety",
"Natural-Hip",
"which is sub-surface fatigue.",
"of stem options to address high, medium, and low demand",
"patients, as well as revision and other special patient needs.",
"Hip Implants",
" (",
"$^{TM}$) Hip Prosthesis. The",
"Alloclassic",
"Zweymueller",
"˛",
"Total hip replacement surgeries replace both the head",
"Hip Prosthesis has become the",
"Alloclassic (Zweymueller) ",
"of the femur and the socket portion of the pelvis",
"most used, primary, cementless hip in the world. This is one",
"(acetabulum) of the natural hip and include first time joint",
"of the few stems available today that is practically unchanged",
"replacement procedures and revision procedures for the",
"since its introduction in 1979. There have been only a few",
"replacement, repair or enhancement of an implant product",
"modifications over the years to address demands of patients",
"or component from a previous procedure. The femur is the",
"and surgeons. The Company believes that this product’s",
"long bone between the pelvis and the knee. The acetabulum",
"technically simple application, outstanding short and long-",
"is the cup-shaped portion of the pelvis. Historically, most hip",
"term stability, and excellent clinical results will continue to",
"implant procedures have involved the use of bone cement to",
"make it desirable to surgeons.",
"attach the prosthetic components to the surrounding bone.",
"Today, many femoral and acetabulum cup replacement",
" and ",
" Revision Hip Systems. The",
"ZMR",
"Revitan",
"˛",
"˛",
"components are porous, which means they do not require",
" Revision Hip System, introduced in 2000 to address the",
"ZMR",
"bone cement because bone can actually grow into, and onto,",
"porous modular revision market, and the ",
"Revision",
"Revitan ",
"the implant surface.",
"Hip System, provide the versatility to accommodate varying",
"$^{TM}$ Hip Replacement",
"fixation and sizing needs. The line extension to the ",
"The Company’s ",
"S ",
"ZMR",
"MI",
"2-Incision",
"Procedure uses two small incisions, each approximately one",
"brand of over 90 additional implant options creating over",
"and one-half to two inches in length. Standard implants are",
"10,800 possible combinations will enable surgeons to further",
"used in the procedure. The incision for a traditional open hip",
"address the difficult and varying needs of their revision",
"replacement is as much as 12 inches long. Other less invasive",
"patients. Building on the ",
"and ",
"Revision Hip",
"ZMR ",
"Revitan ",
"approaches, such as a ‘‘mini’’ incision for hips, have been in",
"Systems, the launch of revision acetabular components",
"existence for approximately five years. In January 2004, the",
"positions the Company to provide a comprehensive approach",
"first computer image-guided ",
"live surgery was",
"to revision hip surgery that matches its approach to revision",
"MIS 2-Incision ",
"performed utilizing new technology and instrumentation co-",
"knee surgery.",
"developed by the Company and its ",
"computer navigation",
"MIS ",
" To complement the broad",
"Specialty Hips.",
"partner, Medtronic. In February 2004, the United States",
"capabilities of the above hip brands, the Company offers",
"Patent and Trademark Office granted the Company a patent",
"a number of specialty hip products tailored to the needs",
"specific to the Company’s ",
" Hip Replacement",
"MIS 2-Incision",
"of specific patient populations and geographic regions.",
"Procedure, and such patent includes 17 approved claims",
"The ",
"$^{2}$, a novel, short-",
"Mayo Conservative Hip Prosthesis",
"˛",
"related to the procedure. The Company’s hip replacement",
"stemmed, porous femoral implant, was developed for minimal",
"products include, among others:",
"bone removal. The ",
" Hip System, the cemented hip",
"CPT",
"˛",
" Hip System. The ",
"Hip System, a",
"brand designed for both primary and revision procedures,",
"VerSys",
"VerSys ",
"˛",
"Zimmer flagship brand, is supported by a common",
"was tailored for countries with a historical preference",
"instrumentation set and is an innovative, integrated family of",
"towards collarless, polished, tapered products and a",
"hip products that offers surgeons design-specific options to",
"subsidence surgical philosophy. A key line extension to the",
"meet varying surgical philosophies and patient needs. The",
"brand was launched in late 2002 and was instrumental",
"CPT ",
"Hip System includes the following features: a variety",
"to the growth of this cemented stem line in 2003. This",
"VerSys ",
"of stem designs and fixation options for both primary and",
"implant system has a long and successful clinical record and",
"revision situations, a modular design that allows for a variety",
"is important to growth in key markets such as Europe. In",
"of femoral heads, optimal sizing selections, and a common",
"addition to Community European (‘‘CE’’) Mark approval in",
"instrumentation set for use with virtually all ",
"stems.",
"2000, the Company received regulatory approval in the",
"VerSys ",
"In addition, the flexibility of the ",
"stem platform allows",
"United States in 2002 for the ",
" Hip Prosthesis product",
"VerSys ",
"Epoch",
"˛",
"for the incorporation of technological developments, with the",
"line, which is comprised, in part, of a unique composite",
"planned introduction of approximately 340 new stems, 139 of",
"design that allows the normal amount of anatomical stress to",
"which were launched in 2003.",
"be placed on patients’ bones while still potentially providing",
"extensive fixation and reduced thigh pain. The Company also",
"The ",
"$^{TM}$ Prosthesis Solution. The",
"Natural-Hip",
"launched the ",
"M/L Taper Hip Stem System in 2003",
"Zimmer ",
"Prosthesis Solution combines the surgical",
"Natural-Hip ",
"that expands Zimmer’s portfolio of cementless tapered stems,",
"simplicity of a straight stem with many of the best features",
"which is a rapidly growing segment in the primary stem",
"of an anatomic stem. The ",
"system’s innovative",
"Natural-Hip ",
"market.",
"design approach provides optimal cortical loading and bone",
"remodeling without sacrificing ease of implantation. A",
"$^{2}$Trademark of Mayo Foundation For Medical Education and Research",
"complete system of porous-coated and nonporous stems",
"7"
] | train |
|
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8,
10,
9,
9,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
9,
9,
9,
10,
9,
10,
9,
9,
10,
9,
9,
9,
10,
9,
10,
9,
9,
9,
10,
9,
10,
9,
9,
10,
9,
9,
9,
8,
10,
10,
10,
10,
10,
9,
9,
9,
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9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
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9,
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9,
9,
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2,
2,
5,
5
] | [
"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)",
"At January 31, 2004 amounts included in the balance",
"Year Ended",
"December 31,",
"sheet related to the variable-interest entity are as follows:",
"2002 ",
"Reconciliation of net income:",
"January 31, 2004",
"Net income",
"$154,647 ",
"Property and equipment, net",
"$114,426",
"Less: Depreciation, amortization",
"Long-term debt, excluding current portion",
"142,568",
"and deferred rent effect (net of tax)",
"4,121 ",
"Other assets, net",
"639",
"Adjusted net income",
"$150,526 ",
"Basic net income per share:",
"The Company repaid the variable-interest entity ",
"Net income available to common shareholders",
"$",
"1.36 ",
"debt in March 2004 with borrowings from the Facility",
"Depreciation, amortization and",
"(see Note 5). As a result of the repayment of the variable-",
"deferred rent effect (net of tax)",
"(0.04)",
"interest entity debt, the assets of the variable-interest",
"Adjusted net income",
"$",
"1.32 ",
"entity were transferred to the Company.",
"Diluted net income per share:",
"The following table reconciles reported net income",
"Net income available to common shareholders",
"$",
"1.35 ",
"and net income per share to net income and net income",
"Depreciation, amortization and",
"per share that would have been recorded if FIN 46 were",
"deferred rent effect (net of tax)",
"(0.04)",
"effective for the year ended December 31, 2002:",
"Adjusted net income",
"$",
"1.31 ",
"NOTE 13 – QUARTERLY FINANCIAL INFORMATION (Unaudited)",
"The following table sets forth certain items from the Company’s unaudited consolidated statements of operations for",
"each quarter of fiscal year 2004 and 2003. The unaudited information has been prepared on the same basis as the audited",
"consolidated financial statements appearing elsewhere in this report and includes all adjustments, consisting only of",
"normal recurring adjustments, which management considers necessary for a fair presentation of the financial data shown.",
"The operating results for any quarter are not necessarily indicative of results for a full year or for any future period.",
"First",
"Second",
"Third",
"Fourth",
"Quarter",
"Quarter",
"Quarter",
"Quarter",
"Fiscal 2004:",
"Net sales",
"$ 710,330",
"$ 704,234",
"$ 723,967",
"$ 987,478",
"Gross profit",
"253,036",
"250,373",
"258,399",
"350,731",
"Operating income",
"58,659",
"49,084",
"53,589",
"132,219",
"Net income",
"35,150",
"29,592",
"31,854",
"83,654",
"Diluted net income per share",
"0.31",
"0.26",
"0.28",
"0.74",
"Stores open at end of quarter",
"2,579",
"2,612",
"2,674",
"2,735",
"Comparable store net sales change",
"(0.4%)",
"(0.2%)",
"0.7%",
"0.5%",
"Fiscal 2003:",
"Net sales",
"$ 615,568 ",
"$ 626,028 ",
"$ 665,211 ",
"$ 893,065 ",
"Gross profit",
"219,186 ",
"222,505 ",
"244,997 ",
"331,725 ",
"Operating income",
"54,491 ",
"47,600 ",
"60,365 ",
"131,141 ",
"Net income",
"32,795 ",
"28,799 ",
"36,161 ",
"79,828 ",
"Diluted net income per share",
"0.29 ",
"0.25 ",
"0.31 ",
"0.69 ",
"Stores open at end of quarter",
"2,319 ",
"2,468 ",
"2,511 ",
"2,513 ",
"Comparable store net sales change",
"2.2%",
"5.1%",
"1.7%",
"1.6%",
"(1)",
"Easter was observed on April 11, 2004 and April 20, 2003.",
"48",
"DOLLAR TREE STORES, INC. • 2004 ANNUAL REPORT"
] | train |
|
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328,
679,
341
],
[
60,
328,
185,
341
],
[
884,
332,
973,
345
],
[
758,
343,
788,
356
],
[
332,
343,
354,
356
],
[
439,
343,
460,
356
],
[
546,
343,
568,
356
],
[
652,
343,
685,
356
],
[
60,
343,
141,
356
],
[
933,
350,
972,
364
],
[
872,
368,
974,
382
],
[
60,
373,
195,
386
],
[
60,
389,
146,
401
],
[
739,
403,
745,
412
],
[
308,
403,
318,
412
],
[
413,
403,
419,
412
],
[
521,
403,
528,
412
],
[
757,
404,
787,
416
],
[
323,
404,
354,
416
],
[
430,
404,
460,
416
],
[
538,
404,
568,
416
],
[
633,
404,
684,
416
],
[
65,
404,
103,
416
],
[
757,
419,
787,
431
],
[
323,
419,
354,
431
],
[
430,
419,
460,
431
],
[
538,
419,
568,
431
],
[
642,
419,
684,
431
],
[
65,
419,
117,
431
],
[
757,
434,
787,
447
],
[
323,
434,
354,
447
],
[
430,
434,
460,
447
],
[
538,
434,
568,
447
],
[
648,
434,
679,
447
],
[
60,
434,
131,
447
],
[
694,
449,
796,
462
],
[
261,
449,
363,
462
],
[
367,
449,
469,
462
],
[
476,
449,
578,
462
],
[
585,
449,
688,
462
],
[
60,
449,
253,
462
],
[
72,
504,
789,
514
],
[
60,
504,
68,
509
],
[
72,
527,
204,
537
],
[
60,
527,
68,
532
],
[
575,
962,
762,
975
],
[
825,
971,
868,
980
]
] | [
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
7,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
9,
9,
9,
9,
9,
9,
10,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
10,
10,
10,
2,
2
] | [
"Full",
"First",
"Fourth",
"Third",
"Second",
"Year",
"Quarter",
"Quarter",
"Quarter",
"Quarter",
"(1)",
"(Dollars in millions, except per share data)",
"2002",
"$^{$ }$784.0",
"$^{$}$194.2",
"$^{$}$209.4",
"$^{$}$196.8",
"$^{$}$183.6",
"Net sales",
"254.0",
"63.9",
"67.2",
"62.3",
"60.6",
"Gross profit",
"(2)",
"BARNES GROUP INC.",
"44.8",
"11.6",
"13.7",
"10.0",
"9.5",
"Operating income",
"27.2",
"6.8",
"8.7",
"6.9",
"4.8",
"Net income",
"Per common share:",
"Net income:",
"$",
"$",
"$",
"$",
"$ ",
"1.45",
"0.37",
"0.46",
"0.37",
"0.25",
"Basic",
"1.42",
"0.36",
"0.45",
"0.36",
"0.25",
"Diluted",
"0.80",
"0.20",
"0.20",
"0.20",
"0.20",
"Dividends",
"$^{$}$26.35—17.50",
"$^{$}$26.35—21.60",
"$^{$}$25.80—21.00",
"$^{$}$23.38—18.45",
"$^{$}$22.90—17.50",
"Market prices (high—low)",
"2001",
"$",
"768.8",
"$^{$}$199.3",
"$^{$}$199.5",
"$^{$}$186.5",
"$^{$}$183.5",
"Net sales",
"249.3",
"66.7",
"65.6",
"61.3",
"55.7",
"Gross profit",
"(2)",
"40.3",
"13.8",
"13.4",
"11.6",
"1.5",
"Operating income",
"QUARTERLY",
"19.1",
"7.3",
"6.9",
"5.7",
"(0.8)",
"Net income",
"DATA",
"(UNAUDITED)",
"Per common share:",
"Net income:",
"$",
"$ ",
"$",
"$",
"1.03",
"0.39",
"0.37",
"0.31",
"$^{$}$(0.04)",
"Basic",
"1.01",
"0.39",
"0.36",
"0.30",
"(0.04)",
"Diluted",
"0.80",
"0.20",
"0.20",
"0.20",
"0.20",
"Dividends",
"$^{$}$24.94—18.00",
"$^{$}$21.00—18.00",
"$^{$}$24.70—18.25",
"$^{$}$24.80—19.48",
"$^{$}$24.94—19.20",
"Market prices (high—low)",
"The fourth quarter of 2001 includes a pre-tax charge of $4.8 million primarily related to a plant closure and severance costs.",
"(1)",
"Sales less cost of sales.",
"(2)",
"Back to Table of Contents",
"PAGE 41"
] | train |
|
[
[
72,
38,
419,
50
],
[
71,
57,
271,
68
],
[
611,
120,
703,
129
],
[
602,
134,
631,
143
],
[
709,
134,
735,
143
],
[
70,
155,
111,
165
],
[
70,
172,
159,
183
],
[
70,
190,
231,
200
],
[
562,
190,
631,
200
],
[
665,
190,
672,
200
],
[
686,
190,
735,
200
],
[
70,
207,
313,
217
],
[
586,
207,
631,
217
],
[
729,
207,
736,
217
],
[
70,
224,
341,
235
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[
70,
224,
78,
235
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[
85,
242,
284,
252
],
[
586,
242,
631,
252
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[
694,
242,
735,
252
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[
70,
259,
244,
270
],
[
586,
259,
631,
270
],
[
701,
259,
735,
270
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[
13,
269,
33,
284
],
[
70,
276,
235,
287
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[
586,
276,
631,
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[
694,
276,
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287
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[
70,
294,
192,
304
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[
586,
294,
631,
304
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[
701,
294,
735,
304
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[
85,
311,
201,
322
],
[
578,
311,
631,
322
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[
686,
311,
735,
322
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[
70,
328,
424,
339
],
[
85,
346,
310,
356
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[
586,
346,
631,
356
],
[
694,
346,
735,
356
],
[
70,
363,
124,
374
],
[
594,
363,
631,
374
],
[
701,
363,
735,
374
],
[
70,
381,
238,
391
],
[
586,
381,
631,
391
],
[
694,
381,
735,
391
],
[
70,
398,
146,
408
],
[
594,
398,
631,
408
],
[
701,
398,
735,
408
],
[
85,
415,
155,
426
],
[
562,
415,
631,
426
],
[
665,
415,
672,
426
],
[
686,
415,
735,
426
],
[
70,
450,
292,
460
],
[
70,
467,
175,
478
],
[
70,
485,
178,
495
],
[
562,
485,
570,
495
],
[
586,
485,
631,
495
],
[
665,
485,
672,
495
],
[
701,
485,
735,
495
],
[
70,
502,
301,
513
],
[
578,
502,
631,
513
],
[
694,
502,
735,
513
],
[
85,
519,
217,
530
],
[
578,
519,
631,
530
],
[
694,
519,
735,
530
],
[
70,
537,
251,
547
],
[
594,
537,
631,
547
],
[
694,
537,
735,
547
],
[
85,
554,
171,
565
],
[
578,
554,
631,
565
],
[
694,
554,
735,
565
],
[
70,
589,
410,
599
],
[
70,
624,
277,
634
],
[
70,
641,
495,
651
],
[
624,
641,
631,
651
],
[
729,
641,
736,
651
],
[
70,
658,
469,
669
],
[
85,
676,
494,
686
],
[
85,
693,
409,
704
],
[
326,
710,
334,
716
],
[
85,
710,
326,
721
],
[
594,
710,
631,
721
],
[
701,
710,
735,
721
],
[
70,
728,
435,
738
],
[
85,
745,
382,
756
],
[
338,
762,
345,
768
],
[
85,
762,
337,
773
],
[
624,
762,
631,
773
],
[
729,
762,
736,
773
],
[
223,
780,
230,
785
],
[
578,
780,
631,
790
],
[
686,
780,
735,
790
],
[
70,
780,
222,
790
],
[
23,
794,
33,
962
],
[
70,
797,
179,
808
],
[
578,
797,
631,
808
],
[
686,
797,
735,
808
],
[
70,
815,
335,
825
],
[
594,
815,
631,
825
],
[
701,
815,
735,
825
],
[
70,
832,
224,
842
],
[
578,
832,
631,
842
],
[
686,
832,
735,
842
],
[
70,
849,
308,
860
],
[
562,
849,
631,
860
],
[
665,
849,
672,
860
],
[
686,
849,
735,
860
],
[
70,
885,
547,
894
],
[
70,
916,
592,
926
]
] | [
8,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
6,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
6,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
10
] | [
"Consolidated Statements of Financial Position",
"(in thousands, except par values)",
"At December 31,",
"2004",
"2003",
"Assets",
"Current assets:",
"Cash and cash equivalents",
"$ 293,446",
"$",
"194,221",
"Investments in short-term bank deposits",
"21,315",
"–",
"Trade accounts receivable, net of allowances",
"T",
"of $1,560 and $989, respectively",
"96,363",
"52,253",
"Unbilled accounts receivable",
"14,154",
"9,543",
"28",
"Deferred income tax assets",
"16,815",
"18,777",
"Other current assets",
"11,904",
"8,414",
"Total current assets",
"453,997",
"283,208",
"Property and equipment, net of accumulated depreciation",
"of $47,436 and $34,168, respectively",
"90,705",
"58,438",
"Goodwill",
"9,701",
"4,477",
"Other intangible assets, net",
"12,126",
"16,436",
"Other assets",
"6,216",
"2,741",
"Total assets",
"$ 572,745",
"$",
"365,300",
"Liabilities and Stockholders’ Equity",
"Current liabilities:",
"Accounts payable",
"$",
"11,190",
"$",
"9,423",
"Accrued expenses and other liabilities",
"103,870",
"53,213",
"Total current liabilities",
"115,060",
"62,636",
"Deferred income tax liabilities",
"4,156",
"28,594",
"Total liabilities",
"119,216",
"91,230",
"Commitments and contingencies (See Notes 10 and 11)",
"Stockholders’ equity: (See Note 1)",
"Preferred stock, $.10 par value, 15,000 shares authorized, none issued",
"–",
"–",
"Class A common stock, $.01 par value, 325,000 shares authorized",
"and 134,177 shares issued and outstanding at December 31, 2004,",
"200,000 shares authorized and 128,674 shares issued",
"(1)",
"and outstanding at December 31, 2003",
"1,342",
"1,286",
"Class B common stock, $.01 par value, no shares authorized",
"at December 31, 2004, 25,000 shares authorized",
"(1)",
"at December 31, 2003, none outstanding",
"–",
"–",
"(1)",
"191,322",
"117,811",
"Additional paid in capital",
"COGNIZANT ANNUAL REPORT 2004",
"Retained earnings",
"251,216",
"150,973",
"Accumulated other comprehensive income ",
"9,649",
"4,000",
"Total stockholders’ equity",
"453,529",
"274,070",
"Total liabilities and stockholders’ equity",
"$ 572,745",
"$",
"365,300",
"$^{(1)}$Restated to reflect 2-for-1 stock split effected by a 100% stock dividend paid on June 17, 2004.",
"The accompanying notes are an integral part of the consolidated financial statements."
] | train |
|
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[
520,
44,
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61
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90,
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[
794,
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] | [
"Recently Issued Accounting Standards",
"Management uses its best judgment in the determination of",
"these amounts. However, the liabilities ultimately realized and",
"SFAS No. 123 (revised 2004) ‘‘Share-Based Payment’’ was issued",
"paid are dependent on various matters, including the resolution",
"in December 2004. This standard requires companies to",
"of the tax audits in the various affected tax jurisdictions, and",
"measure and recognize the cost of employee services received",
"may differ from the amounts recorded. An adjustment to the",
"in exchange for an award of equity instruments based on",
"estimated liability would be recorded through income in the",
"the grant-date fair value. The effective date is the first interim",
"period in which it becomes probable that the amount of the",
"reporting period beginning after June 15, 2005. Alcoa is",
"actual liability differs from the amount recorded. Alcoa has",
"currently evaluating pricing models and the transition provisions",
"unamortized tax deductible goodwill of $573 resulting from",
"of this standard and will begin expensing stock options in the",
"intercompany stock sales and reorganizations (generally at",
"third quarter of 2005.",
"a 34% rate). Alcoa recognizes the tax benefits associated with",
"In November 2004, the Financial Accounting Standards",
"this tax deductible goodwill as it is being amortized for local",
"Board",
"(FASB) issued SFAS No. 151, ‘‘Inventory Costs – an",
"income tax purposes from 2004 through 2009, rather than in",
"Amendment of ARB No. 43, Chapter 4.’’ This standard provides",
"the period in which the transaction was consummated.",
"clarification that abnormal amounts of idle facility expense,",
"freight, handling costs, and spoilage should be recognized as",
"Related Party Transactions",
"current-period charges. Additionally, this standard requires",
"Alcoa buys products from and sells products to various related",
"that allocation of fixed production overheads to the costs of",
"companies, consisting of entities in which Alcoa retains a",
"conversion be based on the normal capacity of the production",
"50% or less equity interest, at negotiated arms-length prices",
"facilities. The provisions of this standard are effective for",
"between the two parties. These transactions were not material",
"inventory costs incurred during fiscal years beginning after",
"to the financial position or results of operations of Alcoa at",
"June 15, 2005. This standard does not have a material impact",
"December 31, 2004.",
"to Alcoa’s financial statements.",
"Contractual Obligations and Off-Balance Shee",
"t",
"Arrangements",
"The company is obligated to make future payments under various c",
"ontracts such as long-term purchase obligations, debt agree-",
"ments, lease agreements, and unconditional purchase obligations and has certain contingent commitments such as debt guarantees.",
"The company has grouped these contractual obligations and off-balance sheet arrangements into operating activities, financing",
"activities, and investing activities in the same manner as they are classified in the Statement of Consolidated Cash Flows in order",
"to provide a better understanding of the nature of the obligations and arrangements and to provide a basis for comparison to",
"historical information. The table below provides a summary of contractual obligations and off-balance sheet arrangements as of",
"December 31, 2004:",
"Contractual obligations",
"Total",
"2005",
"2006–2007",
"2008–2009",
"Thereafter",
"Operating activities:",
"Energy-related purchase obligations",
"$8,849",
"$1,151",
"$1,325",
"$",
"959",
"$5,414",
"Raw material and other purchase",
"obligations",
"2,311",
"1,483",
"603",
"90",
"135",
"1,147",
"225",
"350",
"216",
"356",
"Operating leases",
"(1)",
"57",
"600",
"400",
"Estimated pension funding",
"(2)",
"(2)",
"Postretirement benefit payments",
"358",
"700",
"700",
"(2)",
"(2)",
"Layoff and impairment payments",
"64",
"64",
"—",
"—",
"—",
"(3)",
"Deferred revenue arrangements",
"563",
"132",
"163",
"129",
"139",
"Financing activities:",
"6,300",
"954",
"932",
"237",
"4,177",
"Total debt",
"(4)",
"Dividends to shareholders",
"(5)",
"Investing activities:",
"2,746",
"1,396",
"1,302",
"48",
"—",
"Capital projects",
"(6)",
"Acquisitions",
"257",
"257",
"—",
"—",
"—",
"Other:",
"293",
"249",
"2",
"3",
"39",
"Standby letters of credit",
"(7)",
"128",
"—",
"10",
"13",
"105",
"Guarantees",
"(7)",
"Total contractual obligations",
"$6,326",
"$5,987",
"$2,795",
"See Note U to the Consolidated Financial Statements for further details on operating leases.",
"(1)",
"Annual payments and funding are expected to continue into the foreseeable future at the amounts or ranges noted in the discussion below.",
"(2)",
"See Note D to the Consolidated Financial Statements for further details on layoff and impairment payments.",
"(3)",
"See Note K to the Consolidated Financial Statements for further details on debt and associated interest.",
"(4)",
"See discussion below under Obligations for Financing Activities.",
"(5)",
"See discussion below under Obligations for Investing Activities.",
"(6)",
"See Note N to the Consolidated Financial Statements for further details on standby letters of credit and guarantees.",
"(7)",
"37"
] | train |
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711,
817,
722
],
[
884,
711,
909,
722
],
[
89,
726,
122,
737
],
[
182,
726,
234,
737
],
[
592,
726,
649,
737
],
[
789,
726,
817,
737
],
[
884,
726,
909,
737
],
[
89,
742,
122,
752
],
[
182,
742,
234,
752
],
[
592,
742,
634,
752
],
[
797,
742,
817,
752
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[
893,
742,
909,
752
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[
89,
757,
244,
767
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[
777,
757,
813,
767
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[
813,
757,
817,
767
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[
872,
757,
909,
767
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[
89,
772,
373,
782
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[
89,
787,
122,
797
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[
177,
787,
243,
797
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[
592,
787,
634,
797
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[
808,
787,
817,
797
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[
884,
787,
909,
797
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[
89,
802,
224,
813
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[
789,
802,
817,
813
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[
884,
802,
909,
813
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[
89,
817,
262,
828
],
[
794,
817,
817,
828
],
[
890,
817,
914,
828
],
[
89,
833,
120,
843
],
[
777,
833,
813,
843
],
[
813,
833,
817,
843
],
[
872,
833,
909,
843
],
[
89,
848,
351,
858
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[
789,
848,
817,
858
],
[
884,
848,
909,
858
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[
89,
863,
236,
873
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[
777,
863,
813,
873
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[
813,
863,
817,
873
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[
872,
863,
909,
873
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[
89,
878,
219,
888
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[
760,
878,
813,
888
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[
813,
878,
817,
888
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[
856,
878,
909,
888
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[
89,
897,
279,
904
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[
89,
907,
467,
914
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[
89,
917,
152,
924
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[
89,
927,
408,
934
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[
729,
963,
890,
971
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[
897,
963,
909,
971
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8,
8,
9,
9,
9,
9,
9,
9,
9,
9,
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"Consolidated Statement of Capitalization ",
"Consolidated Edison,",
"Inc.",
"Long-term debt (Note C)(Millions of Dollars)",
"At December 31,",
"Maturity",
"Interest Rate",
"Series",
"2003",
"2002",
"Debentures:",
"2003",
"6-3/8%",
"1993D",
"$",
"-",
"$",
"150 ",
"2003",
"6.56%",
"1993D",
"-",
"35 ",
"2004",
"7-5/8%",
"1992B",
"150",
"150 ",
"2005",
"6-5/8%",
"1995A",
"100",
"100 ",
"2005",
"6-5/8%",
"2000C",
"350",
"350 ",
"2007",
"6.45%",
"1997B",
"330",
"330 ",
"2007",
"7-1/8%",
"1997J",
"20",
"20 ",
"2008",
"6-1/4%",
"1998A",
"180",
"180 ",
"2008",
"6.15%",
"1998C",
"100",
"100 ",
"2008",
"3-5/8%",
"2003A",
"200",
"-",
"2009",
"7.15%",
"1999B",
"200",
"200 ",
"2010",
"8-1/8%",
"2000A",
"325",
"325 ",
"2010",
"7-1/2%",
"2000A",
"55",
"55 ",
"2010",
"7-1/2%",
"2000B",
"300",
"300 ",
"2012",
"5-5/8%",
"2002A",
"300",
"300 ",
"2013",
"4-7/8%",
"2002B",
"500",
"500 ",
"2013",
"3.85%",
"2003B",
"200",
"-",
"2023",
"7-1/2%",
"1993G",
"-",
"380 ",
"2026",
"7-3/4",
"1996A",
"100)",
"100",
"2027",
"6-1/2%",
"1997F",
"80)",
"80",
"2028",
"7.10%",
"1998B",
"105)",
"105",
"2028",
"6.90%",
"1998D",
"75)",
"75",
"2029",
"7-1/8%",
"1994A",
"150)",
"150",
"2029",
"7.00%",
"1999G",
"45)",
"45",
"2033",
"5-7/8%",
"2003A",
"175)",
"-",
"2033",
"5.10%",
"2003C",
"200)",
"-",
"2039",
"7.35%",
"1999A",
"275)",
"275",
"2041",
"7-1/2%",
"2001A",
"400)",
"400",
"2042",
"7-1/4%",
"2002A",
"325)",
"325",
"Total Debentures",
"5,240",
")",
"5,030",
"Tax-exempt debt - notes issued to New York State Energy Resear",
"ch and Development Authority for Facilities Revenue Bonds:",
"2014",
"1.04%**",
"1994*",
"55***)",
"55***",
"2015",
"1.04%**",
"1995*",
"44)",
"44",
"2020",
"5-1/4%**",
"1993B",
"128)",
"128",
"2020",
"6.10%**",
"1995A",
"128)",
"128",
"2022",
"5-3/8%**",
"1993C",
"20)",
"20",
"2028",
"6.00%**",
"1993A",
"101)",
"101",
"2029",
"7-1/8%**",
"1994A",
"100)",
"100",
"2034",
"1.09%**",
"1999A",
"292)",
"292",
"2036",
"4.70%**",
"2001A***",
"226)",
"231",
"2036",
"1.10%**",
"2001B",
"98)",
"98",
"Total Tax-Exempt Debt",
"1,192",
")",
"1,197",
"Subordinated deferrable interest debentures:",
"2031",
"7-3/4%%*",
"1996A",
"-)",
"275",
"Other long-term debt",
"491)",
"164",
"Unamortized debt discount",
"(24)",
"(27)",
"Total",
"6,899",
")",
"6,639",
"Less: long-term debt due within one year",
"166)",
"473",
"Total Long-Term Debt",
"6,733",
")",
"6,166",
"Total Capitalization",
"$13,369",
")",
"$12,300",
"* Issued for O&R pollution control financing.",
"** Rates reset weekly or by auction held every 35 days; December 31, 2003 rate shown.",
"*** See Note P.",
"The accompanying notes are an integral part of these financial statements. ",
"Con Edison Annual Report 2003",
"55"
] | train |
|
[
[
379,
22,
415,
29
],
[
506,
22,
619,
29
],
[
447,
92,
459,
123
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[
622,
108,
634,
131
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[
427,
129,
439,
160
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[
602,
134,
614,
157
],
[
561,
138,
573,
161
],
[
582,
140,
594,
163
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[
406,
145,
418,
165
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[
540,
149,
552,
172
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[
406,
165,
418,
176
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[
386,
165,
398,
170
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[
386,
170,
398,
176
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[
386,
176,
398,
195
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[
365,
180,
377,
203
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[
367,
306,
375,
313
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[
388,
306,
396,
313
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[
409,
306,
417,
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[
430,
306,
438,
313
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[
451,
306,
459,
313
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[
542,
306,
550,
313
],
[
563,
306,
571,
313
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[
584,
306,
592,
313
],
[
605,
306,
613,
313
],
[
626,
306,
634,
313
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[
547,
322,
641,
332
],
[
383,
322,
449,
332
],
[
371,
335,
455,
346
],
[
553,
335,
630,
346
],
[
385,
350,
441,
358
],
[
564,
350,
619,
358
],
[
178,
405,
415,
448
],
[
710,
405,
832,
448
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[
89,
461,
333,
472
],
[
475,
461,
485,
472
],
[
509,
461,
822,
472
],
[
89,
481,
484,
492
],
[
535,
481,
861,
492
],
[
525,
498,
862,
513
],
[
89,
501,
519,
512
],
[
89,
518,
515,
534
],
[
515,
522,
904,
532
],
[
89,
542,
477,
553
],
[
495,
542,
904,
553
],
[
89,
562,
273,
573
],
[
577,
562,
875,
573
],
[
499,
579,
904,
594
],
[
89,
582,
499,
593
],
[
89,
602,
462,
613
],
[
473,
602,
543,
613
],
[
543,
602,
903,
613
],
[
89,
623,
481,
633
],
[
394,
623,
520,
633
],
[
519,
623,
904,
633
],
[
89,
643,
487,
654
],
[
564,
643,
907,
654
],
[
397,
714,
485,
731
],
[
437,
714,
541,
731
],
[
540,
714,
603,
731
],
[
89,
741,
392,
756
],
[
511,
741,
880,
751
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[
511,
756,
902,
766
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[
89,
763,
483,
773
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[
511,
772,
904,
781
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[
89,
778,
472,
788
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[
511,
787,
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[
89,
794,
455,
803
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[
511,
802,
906,
812
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[
89,
809,
463,
818
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[
511,
817,
894,
827
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[
89,
824,
450,
834
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[
511,
832,
883,
842
],
[
89,
839,
476,
849
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[
511,
847,
907,
857
],
[
89,
854,
485,
864
],
[
511,
862,
635,
872
],
[
89,
869,
482,
879
],
[
89,
884,
417,
894
],
[
87,
933,
104,
938
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[
503,
933,
523,
938
],
[
495,
962,
501,
970
],
[
89,
964,
264,
970
]
] | [
6,
6,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
1,
1,
1,
1,
1,
1,
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10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
5,
5
] | [
"NORTH",
"AMERICA OPERATIONAL REVIEW",
"$1,802",
"$215",
"$1,412",
"$181",
"$176",
"$173",
",238",
"$162",
"$1",
"1",
"5",
"$1,0",
"$957",
"99",
"00",
"01",
"02",
"03",
"99",
"00",
"01",
"02",
"03",
"CANADA NET ",
"U.S. NET ",
"PREMIUMS*",
"PREMIUMS",
"(in millions)",
"(in millions)",
"NORTH",
"AMERICA",
"RGA PROVIDES CLIENTS WITH",
"LIFE",
"REINSURANCE, RISK MANAGEMENT, FACULTATIVE ",
"UNDERWRITING, PRODUCT DEVELOPMENT AND",
"DISTRIBUTION, AND CAPITAL-MOTIVATED",
"FACULTATIVE REINSURER IN",
"REINSURANCE SERVICES. RGA IS THE PREMIER",
"NORTH AMERICA AND HAS THE EXPERTISE ",
"AND CAPACITY TO HELP CLIENTS WORLDWIDE",
"SOLVE PROBLEMS ASSOCIATED WITH IMPAIRED",
"RISK AND LARGE CASES. THE COMPANY’S NORTH",
"AMERICA OPERATIONS",
"CONSIST OF OFFICES IN THE UNITED STATES, CANADA AND MEXICO,",
"PERCENT OF RGA’S NET PREMIUMS. NORTH",
"WHICH TOGETHER ACCOUNT FOR MORE THAN 75",
"AMERICA IS ALSO HOME TO RGA FINANCIAL",
"MARKET",
"S, RGA TECHNOLOGY PARTNERS, AND THE",
"DISTRIBUTION SOLUTIONS AND E’REINSURANCE",
"SOL",
"UTIONS UNITS. RGA PROFESSIONALS IN NORTH",
"AMERICA HAVE A LONG HISTORY OF PROVIDING",
"RELIABILITY TO THE LIFE INSURANCE MARKET.",
"UNITED",
"ST",
"ATES",
"U.S. Traditional Mortality Reinsurance",
"Mortality-risk reinsurance—removing some of the major risks",
"associated with life insurance from the client company—is RGA’s",
"Two thousand three was one of the largest new business production",
"core business. A significant aspect of this business is facultative",
"years on record for RGA’s U.S. traditional mortality reinsurance",
"underwriting, the process of underwriting applications individually,",
"operation, with approximately $136 billion in new business ",
"and is one of the things RGA does best. In 2003 the U.S. Division",
"generated. Perhaps even more impressive is the fact that this",
"successfully defended its position as the largest facultative life",
"milestone was met exclusive of business generated through",
"reinsurer in light of an influx of new automated underwriting ",
"RGA’s assumption of the traditional life reinsurance business of",
"programs aimed at mildly impaired insureds—RGA’s most profitable",
"Allianz Life Insurance Company of North America. That transaction,",
"facultative business.",
"which RGA completed in December, added more than $275 billion",
"of in force life reinsurance to RGA’s book of business.",
"*U.S.",
"net premiums include Latin American countries, which were reorganized into the North American division in 2003.",
"8",
"THIS IS RGA. 2003 ANNUAL REPORT"
] | train |
|
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[
99,
43,
382,
65
],
[
823,
161,
907,
173
],
[
545,
174,
574,
185
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[
709,
174,
740,
185
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[
827,
174,
907,
185
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[
99,
213,
239,
226
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[
242,
214,
309,
226
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[
521,
232,
535,
247
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[
557,
232,
598,
247
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[
99,
233,
293,
247
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681,
233,
694,
247
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714,
233,
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557,
253,
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267
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99,
253,
315,
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731,
253,
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848,
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99,
294,
231,
307
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327
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566,
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99,
313,
251,
327
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681,
313,
694,
327
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727,
313,
762,
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839,
313,
893,
327
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566,
333,
598,
348
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99,
334,
204,
348
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727,
334,
762,
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856,
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566,
354,
598,
368
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99,
354,
211,
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415,
269,
428
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269,
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336,
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535,
449
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434,
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449
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99,
435,
182,
449
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681,
435,
694,
449
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710,
435,
757,
449
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548,
455,
598,
469
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99,
455,
208,
469
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710,
455,
757,
469
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99,
496,
361,
509
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99,
512,
203,
525
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222,
512,
326,
525
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[
539,
532,
598,
546
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99,
532,
357,
546
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[
701,
532,
757,
546
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[
548,
552,
598,
566
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[
99,
552,
376,
566
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[
710,
552,
757,
566
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[
99,
572,
352,
586
],
[
521,
587,
535,
601
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[
548,
587,
598,
601
],
[
114,
587,
374,
601
],
[
681,
587,
694,
601
],
[
718,
587,
757,
601
],
[
99,
628,
202,
642
],
[
571,
648,
598,
662
],
[
99,
648,
404,
662
],
[
731,
648,
757,
662
],
[
539,
668,
598,
682
],
[
99,
668,
433,
682
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99,
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757,
702
],
[
557,
708,
598,
723
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[
99,
709,
387,
723
],
[
718,
709,
757,
723
],
[
521,
729,
535,
743
],
[
548,
729,
598,
743
],
[
99,
729,
360,
743
],
[
681,
729,
694,
743
],
[
710,
729,
762,
743
],
[
557,
749,
598,
763
],
[
99,
749,
251,
763
],
[
718,
749,
757,
763
],
[
99,
812,
876,
823
],
[
112,
824,
854,
836
],
[
111,
837,
186,
848
],
[
745,
968,
916,
985
],
[
510,
969,
520,
985
]
] | [
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
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9,
9,
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9,
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2,
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5
] | [
"Financial Highlights",
"Percent Change",
"2003",
"2002 ",
"2003 vs. 2002 ",
"OPERATING DATA",
"(in millions)",
"$ ",
"2,314",
"Total Consolidated Revenue ",
"$ ",
"2, 124 ",
"8.9%",
"1,041",
"Funds from Operations (FFO)* ",
"936 ",
"11.2%",
"PER SHARE DATA",
"$ ",
"1.65",
"Net Income (Diluted) ",
"$ ",
"1.99 ",
"–17.1%",
"4.04",
"FFO (Diluted) ",
"3.76 ",
"7.4%",
"2.40",
"Cash Dividends ",
"2.18 ",
"10.1%",
"46.34",
"Common Stock Price at December 31 ",
"34.07 ",
"36.0%",
"FINANCIAL POSITION ",
"(in millions)",
"$ ",
"15,685",
"Total Assets ",
"$ ",
"14,905",
"11,229",
"Total Liabilities ",
"10,413",
"STOCK AND PARTNERSHIP UNITS ",
"OUTSTANDING",
"AT YEAR END",
"201,982",
"Shares of Common Stock (in thousands) ",
"185,544",
"60,592",
"Operating Partnership Units (in thousands) ",
"63,746",
"Market Value of Common Stock and ",
"$ ",
"12,168",
"Operating Partnership Units (in millions) ",
"$ ",
"8,493",
"OTHER DATA",
"246",
"Total Number of North American Properties ",
"247",
"190,261",
"North American Gross Leasable Area (in thousands) ",
"184,789 ",
"47",
"Total Number of European Properties ",
"7",
"8,897",
"European Gross Leasable Area (in thousands) ",
"2,033",
"$ ",
"25,840",
"Total Market Capitalization (in millions) ",
"$ ",
"21,309 ",
"4,040",
"Number of employees ",
"4,020",
"* FFO is a non-GAAP financial measure commonly used in the real estate industry that we believe provides useful information to investors. Please",
"refer to Management’s Discussion and Analysis of Financial Condition and Results of Operation for a definition of FFO and to page 23 for a",
"reconciliation.",
"2003 annual report",
"1"
] | train |
|
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441,
187,
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[
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550,
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536,
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263,
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554
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569,
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557,
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562
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[
561,
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[
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[
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[
569,
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[
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589,
920,
595
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[
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596,
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602
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[
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846,
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[
934,
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[
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[
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[
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656,
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[
690,
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[
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[
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830,
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830,
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839,
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844
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791,
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806,
852
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263,
851,
335,
862
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649,
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715,
862
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263,
872,
334,
883
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550,
872,
609,
883
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658,
872,
715,
883
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263,
894,
321,
905
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561,
894,
609,
905
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669,
894,
715,
905
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263,
916,
351,
927
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550,
916,
609,
927
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658,
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715,
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263,
945,
265,
950
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265,
945,
270,
950
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274,
945,
408,
953
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955,
459,
964
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263,
967,
265,
972
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265,
967,
507,
975
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274,
977,
454,
986
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795,
984,
807,
990
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[
832,
984,
844,
990
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[
869,
984,
882,
990
],
[
903,
984,
916,
990
],
[
941,
984,
953,
990
]
] | [
8,
10,
1,
9,
9,
9,
7,
9,
9,
9,
7,
9,
9,
9,
7,
9,
9,
9,
9,
9,
9,
7,
7,
9,
9,
9,
7,
9,
9,
9,
9,
9,
7,
7,
7,
7,
7,
9,
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1,
1,
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9,
9,
9,
9,
2,
2,
2,
2,
2,
2,
2,
7,
7,
7,
7,
7
] | [
"FINANCIAL HIGHLIGHTS",
"(table dollar amounts in thousands, except per share data)",
"average assets",
"at year end",
"2003",
"2002",
"(in millions of dollars)",
"Total Assets",
"$3,076,812",
"$2,678,687",
"2,960.2",
"Stockholders’ Equity",
"303,965",
"261,129",
"2,406.3",
"Total Loans",
"2,356,546",
"2,025,922",
"Securities",
"356,797",
"342,062",
"1,689.7",
"1,532.7",
"Total Deposits",
"2,362,101",
"2,036,688",
"1,397.2",
"Trust Accounts at Market Value",
"1,518,269",
"1,332,723",
"(not included in banking assets)",
"for the year",
"99",
"00",
"01",
"02",
"03",
"Interest Income",
"$1,155,530",
"$1,146,682",
"(1)",
"diluted net income per share",
"Interest Expense",
"52,388",
"53,759",
"(in dollars)",
"Net Interest Income",
"103,142",
"92,923",
"Total Other Income",
"35,902",
"27,077",
"1.69",
"1.61",
"1.50",
"1.50",
"Total Other Expenses",
"91,279",
"71,009",
"1.36",
"Net Income",
"27,571",
"27,836",
"(1)",
"per share",
"Basic Net Income",
"$",
"1.51",
"$",
"1.70",
"Diluted Net Income",
"1.50",
"1.69",
"Cash Dividends",
".90",
".86",
"(",
"2)",
"99",
"00",
"01",
"02",
"03",
"Book Value",
"16.42",
"15.24",
"(2)",
"dividends per share",
"25.51",
"21.67",
"Market Value (Dec. 31 Bid Price)",
".90",
".86",
"averages during the year",
".84",
".78",
".72",
"Total Assets",
"$2,960,195",
"$2,406,251",
"Total Loans",
"2,281,614",
"1,842,429",
"Securities",
"338,835",
"314,409",
"Total Deposits",
"2,257,075",
"1,857,053",
"(",
"1)",
"Restated for a five percent (5%)",
"stock dividend distributed September 2003.",
"(",
"$^{2)}$ Dividends per share is for First Merchants Corporation",
"only, not restated for pooling transactions.",
"99",
"00",
"01",
"02",
"03"
] | train |
|
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[
96,
46,
241,
59
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58,
268,
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578
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574,
232,
585
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630,
579,
895,
591
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344,
582,
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630,
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606
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58,
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217,
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344,
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609
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630,
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832,
621
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58,
612,
273,
622
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344,
613,
559,
624
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685
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639
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663,
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672
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665,
226,
676
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344,
674,
609,
685
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[
630,
677,
657,
685
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[
666,
677,
681,
685
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[
690,
677,
778,
685
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[
681,
678,
690,
687
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[
170,
686,
175,
693
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[
58,
687,
168,
699
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"Shareholder Meeting",
"Tax Information",
"Shareholder Services",
"2005",
"The shareholder meeting will take place at",
"Dividends and Capital Gains on ",
"Dividend Reinvestment and ",
"Your BCE Shares",
"Stock Purchase Plan",
"9:30 a.m. (Eastern time), Wednesday, May 25,",
"2005, at the Metro Toronto Convention Centre,",
"This plan provides a convenient method for",
"BCE common shareholders are required to pay",
"222 Bremner Blvd., Toronto, Ontario.",
"tax on dividends as well as any capital gains",
"eligible holders of BCE common shares to rein-",
"The meeting will also be webcast live on",
"vest their dividends and make optional cash",
"they realize when they sell their shares or are",
"www.bce.ca",
".",
"our website, ",
"contributions to purchase additional common",
"deemed to have sold them. If you received",
"We offer various ways to vote your shares.",
"Nortel Networks common shares in May 2000,",
"shares without brokerage costs.",
"For more details, consult your proxy circular",
"you should contact the Investor Relations",
"or visit our website.",
"group to learn more on the tax implications",
"Dividend Direct Deposit Service",
"of the BCE/Nortel Plan of Arrangement or",
"Avoid postal delays and trips to the bank by",
"Quarterly Earnings Release Dates",
"www.bce.ca",
".",
"visit ",
"2005",
"joining the dividend direct deposit service.",
"First quarter . . . . . . . . . . . . . . May 4, 2005",
"Foreign Investors",
"Second quarter . . . . . . . . . . August 3, 2005",
"E-delivery Service",
"Moveable Inc.",
"Dividends on BCE shares paid or credited to",
"Third quarter . . . . . . . . November 2, 2005",
"Enrol in our e-delivery service to receive the",
"nonresidents of Canada are subject to a 25%",
"Fourth quarter . . . . . . . . . . February 1, 2006",
"proxy material, the annual report and/or quar-",
"withholding tax unless reduced by treaty.",
"Financial typesetting:",
"terly documents by e-mail.",
"Under current tax treaties, U.S. and U.K. resi-",
"Quarterly and annual reports as well as other",
"dents are subject to a 15% withholding tax.",
"corporate documents can be found on our web-",
"Duplicate Mailings",
"site. If you wish to be notified electronically",
"when documents are posted, register online",
"U.S. Investors",
"Help us control costs and eliminate duplicate",
"www.bce.ca",
"for our service “News Alerts.”",
"at ",
"Blanchette Press",
"mailings by consolidating your accounts. ",
"BCE is required to solicit taxpayer identi-",
"Corporate documents can also be requested",
"For more details on any of these services, regis-",
"fication numbers (TIN) and Internal Revenue",
"from the Investor Relations group.",
"tered shareholders (holders of share certificates)",
"Service (IRS) Form W-9 certifications of resi-",
"must contact the transfer agent. Non-registered",
"dency from certain U.S. investors. Where these",
"Printing:",
"shareholders must contact their brokers.",
"Share Facts",
"have not been received, BCE may be required",
"to deduct the IRS’ specified backup with-",
"François Robert",
"Symbol",
"holding tax. The backup withholding rate on",
"Contact Information",
"BCE",
"dividends is currently 28%. Shareholders who",
"did not provide their TIN and W-9 certifi-",
"Transfer Agent and Registrar ",
"Listings",
"Principal photography:",
"cation of residency and had the backup with-",
"Toronto (TSX), New York (NYSE) and ",
"For information on shareholder services or",
"holding tax applied on their dividends can",
"Zurich (SWX) stock exchanges",
"any other inquiries regarding your account",
"obtain a refund or credit against their U.S.",
"(including stock transfer, address change, lost",
"Common Shares Outstanding",
"federal income tax through the filing of their",
"certificates and tax forms), contact:",
"925,935,682 as at December 31, 2004",
"income tax return the following year.",
"VSA Partners, Inc.",
"Jobs and Growth Tax Recon-",
"Under the ",
"Stock Splits",
"Computershare Trust Company of Canada",
"ciliation Act",
"of 2003, dividends paid to U.S.",
"Three-for-one on April 26, 1979 and ",
"9th Floor, 100 University Avenue ",
"individuals by most U.S. public companies",
"Toronto, Ontario M5J 2Y1",
"two-for-one on May 15, 1997",
"and qualifying foreign corporations, includ-",
"e-mail",
"bce",
"computershare.com ",
"@",
"*",
"Quarterly Dividend",
"Design:",
"ing public Canadian companies such as BCE",
"tel",
"(514) 982-7555 or 1 800 561-0934 ",
"(toll free in Canada and the U.S.)",
"$0.33 per common share",
"whose shares are readily tradable on a U.S.",
"fax",
"(416) 263-9394 or 1 888 453-0330 ",
"stock exchange (e.g., the New York Stock",
"*",
"2005 Dividend Schedule",
"(toll free in Canada and the U.S.) ",
"Exchange), will be subject to U.S. federal",
"Record Date",
"Payment Date",
"or visit their website at www.computershare.com",
"income tax at a maximum rate of 15% (or 5%",
"March 15, 2005",
"April 15, 2005",
"BCE Inc. ",
"for those in the lowest tax brackets), so long",
"June 15, 2005",
"July 15, 2005",
"Investor Relations",
"as certain conditions are met.",
"September 15, 2005",
"October 15, 2005",
"1000, rue de La Gauchetière Ouest, Bureau 3700",
"Montréal (Québec) H3B 4Y7",
"December 15, 2005",
"January 15, 2006",
"For additional information, please contact your",
"e-mail",
"investor.relations",
"bce.ca ",
"@",
"tax advisor.",
"tel",
"1",
"800 339-6353",
"fax",
"(514) 786-3970",
"*",
"Subject to approval by the Board of Directors",
"or visit the Investors section on our website at www.bce.ca",
"Trademarks: The following is a list of all our trademarks referred to and used as such in this annual report. BCE is a trademark of BCE Inc. The rings and head design, Bell Canada Enterprises corporate logo, Bell, Sympatico, Sympatico.ca, Bell",
"Mobility, ProConnect are trademarks of Bell Canada. ",
"The Globe and Mail",
"is a trademark of Bell Globemedia Publishing Inc. Mobile Browser is a trademark of Bell Mobility. CTV is a trademark of CTV Inc. Nimiq, Anik and Telesat are",
"trademarks of Telesat Canada. ExpressVu is a trademark of Bell ExpressVu L.P. Any other trademarks, or corporate, trade or domain names used in this report are the property of their owners. We believe that our trademarks and domain names are",
"very important to our success. Our exclusive trademark rights are perpetual provided that their registrations are timely renewed and that the trademarks are used in commerce by us or our licensees. We take appropriate measures to protect, renew and",
"defend our trademarks. We also spend considerable time and resources overseeing, registering, renewing, licensing and protecting our trademarks and prosecuting those who infringe on them. We take great care not to infringe on the intellectual property",
"and trademarks of others.",
"Printed in Canada",
"Cette publication est disponible en français. BCE’s Annual Report is printed with vegetable-based ink and is recyclable."
] | train |
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"ZIMMER HOLDINGS, INC. AND SUBSIDIARIES",
"2003 FORM 10-K",
"Part I",
"Business ",
"ITEM 1.",
"GENERAL",
"CUSTOMERS, SALES AND MARKETING",
"Zimmer Holdings, Inc., a Delaware corporation, is a",
"The Company’s primary customers include",
"global leader in the design, development, manufacture and",
"musculoskeletal surgeons, neuro-surgeons, oral surgeons,",
"marketing of reconstructive orthopaedic implants, including",
"dentists, hospitals, distributors, healthcare dealers and, in",
"joint and dental, spinal implants, and trauma products and",
"their capacity as agents, healthcare purchasing organizations",
"related orthopaedic surgical products. The Company is",
"or buying groups. These customers range from large",
"headquartered in Warsaw, Indiana. Unless the context",
"multinational enterprises to independent surgeons. A majority",
"requires otherwise, the term ‘‘Zimmer’’ and ‘‘Company’’ refer",
"of hospitals in the United States belong to at least one group",
"to Zimmer Holdings, Inc. and all of its subsidiaries.",
"purchasing organization. In 2003, individual hospital orders",
"On October 2, 2003, the Company announced the closing",
"purchased through contractual arrangements with such",
"of its exchange offer for Centerpulse AG (‘‘Centerpulse’’), a",
"purchasing organizations or buying groups accounted for",
"leading global orthopaedic medical device company",
"approximately 45 percent of the Company’s net sales,",
"headquartered in Switzerland that services the reconstructive",
"excluding Centerpulse, in the United States. Contractual sales",
"joint, spine and dental implant markets. The Centerpulse",
"were highest through Novation, LLC (‘‘Novation’’), Premier",
"acquisition provided the Company with a leading position in",
"Purchasing Partners, L.P. (‘‘Premier’’), and Health Trust",
"the European orthopaedic reconstructive implant market and",
"Purchasing Group, representing 15 percent, 13 percent and",
"a platform in the fast growing spinal market.",
"7",
"percent, respectively, of net sales, excluding Centerpulse,",
"The aggregate consideration paid by the Company for",
"in the United States. No individual end-user, however,",
"Centerpulse and InCentive Capital AG, a company that",
"accounted for over 1 percent of the Company’s net sales and",
"beneficially owned 18.3 percent of the issued Centerpulse",
"the top ten end-users accounted for approximately 5 percent",
"shares (‘‘InCentive’’), excluding direct acquisition costs, was",
"of the Company’s aggregate net sales in the United States.",
"approximately $3.4 billion, consisting of approximately",
"Historically, annual variations in contractual purchases by",
"44.5",
"million shares of Company common stock (valued at",
"individual end-users affiliated with buying groups have",
"approximately $2.2 billion) and approximately $1.2 billion in",
"equaled in the aggregate, and the Company expects will",
"cash. The Company used its $1.75 billion senior credit facility",
"continue to equal in the aggregate, no more than 15 to",
"to finance the cash component.",
"20",
"percent per buying group. Please see the ",
"‘‘Americas’’",
"On March 2, 2004, the Company entered into an",
"below for more detail regarding the Company’s contractual",
"Amended and Restated Agreement and Plan of Merger (the",
"arrangements with buying groups.",
"‘‘Merger Agreement’’) relating to the acquisition of Implex",
"After the acquisition of Centerpulse, the Company now",
"Corp. (‘‘Implex’’). Pursuant to the terms of the Merger",
"has operations in more than 24 countries and markets",
"Agreement, the shareholders of Implex will receive an initial",
"products in more than 80 countries, with corporate",
"cash payment and deferred, contingent earn-out payments,",
"headquarters in Warsaw, Indiana, and manufacturing,",
"also payable in cash. In 2000, the Company entered into an",
"distribution and warehousing and/or office facilities in more",
"exclusive, worldwide strategic alliance for commercialization",
"than 60 locations worldwide. The Company manages its",
"of Implex’s innovative ",
"$^{1}$ biomaterial, which the",
"operations through three major geographic segments – the",
"Hedrocel",
"˛",
"Company has marketed as ",
"$^{TM}$ Technology.",
"Americas, which is comprised principally of the United States",
"Trabecular Metal",
"The proposed merger is an anticipated outcome of the",
"and includes other North, Central and South American",
"Company’s alliance relationship with Implex. The acquisition",
"markets; Europe, which is comprised principally of Europe",
"is expected to close in April of 2004.",
"and includes the Middle East and Africa; and Asia Pacific,",
"Zimmer was incorporated on January 12, 2001 as a",
"which is comprised primarily of Japan and includes other",
"wholly-owned subsidiary of Bristol-Myers Squibb Company",
"Asian and Pacific markets. Information about geographic",
"(‘‘Bristol-Myers’’). Zimmer, Inc., a predecessor founded in",
"segments can be found in Note 17 to the Consolidated",
"1927, was acquired by Bristol-Myers in 1972 and along with",
"Financial Statements, which are included herein under",
"its wholly-owned subsidiaries and certain other of Bristol-",
"Item 8.",
"Myers’ operations comprised the orthopaedics business of",
"The Company sells product through two principal",
"Bristol-Myers. On August 6, 2001, the Company was spun off",
"channels: 1) direct to health care institutions, such as",
"from Bristol-Myers and became an independent public",
"hospitals, which is referred to as a direct channel account,",
"company.",
"and 2) through stocking distributors and, in the Asia Pacific",
"region, healthcare dealers. Through the direct channel",
"1",
"Trademark of Implex Corp.",
"accounts, inventory is generally consigned to sales agents or",
"customers so that products are available when needed for",
"surgical procedures. With the sales to stocking distributors",
"and healthcare dealers, title to product passes generally upon",
"3"
] | train |
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"2012 Annual Report",
"Nisha Gupta,M.D.",
"After a Long Struggle…Forever Grateful",
"Too many times, it looked like Nisha Gupta’s battle ",
"compassionate use program, where physicians can apply ",
"against hepatitis C would end badly. The Detroit-area ",
"for early access to experimental compounds for individual ",
"rheumatologist first contracted the chronic infection in ",
"patients who have no effective therapeutic alternative. ",
"May 1990 when, as a medical resident, she drew blood ",
"Concerned about drug interactions with their compounds, ",
"from an infected patient. Although she wore gloves, the ",
"the companies rejected the applications.",
"needle pricked her skin. Soon she experienced her first ",
"Then the FDA suggested a third experimental therapy ",
"symptoms and eventually was diagnosed with hepatitis C. ",
"from Bristol-Myers Squibb. Its investigational compound ",
"Dr. Gupta received treatments on and off ever since, ",
"was daclatasvir, currently in Phase III trials and not yet ",
"first to slow the infection’s advance and then mostly to ",
"9",
"approved. Bristol-Myers Squibb said yes, and daclatasvir ",
"control symptoms like severe itching, fatigue and mental ",
"Bristol-Myers Squibb ",
"was given alongside two standard therapies.",
"confusion. “I worked until September 2009, when I found ",
"Eric Hughes, M.D., Ph.D., had just arrived at Bristol-",
"out I had liver cancer,” Gupta recalls. “By then I was ",
"Myers Squibb back in 2010. Among his responsibilities ",
"prepared to die.”",
"was coordinating virology compassionate use inquiries.",
"By her first liver transplant, she was suffering from hepatic ",
"“Given Dr. Gupta’s dire straits, we believed the risk/ben",
"-",
"encephalopathy, a worsening of brain function when the ",
"efit profile of providing early access to daclatasvir was ",
"liver is no longer able to remove toxic substances in the ",
"acceptable,” he says.",
"blood. Her remissions after two liver transplants were ",
"Today, Dr. Gupta is virus free and offers “a very special ",
"short-lived, but her family and physician never lost hope. ",
"thanks to Bristol-Myers Squibb and its compassionate ",
"Her hepatologist tried to obtain compounds then in clini",
"-",
"employees. They gave hope back to me and my family.”",
"cal development from two manufacturers under the FDA’s ",
"multiple myeloma cells, but minimally ",
"Pipeline sustainability ultimately ",
"that better characterizes both benefit ",
"and risk and is willing – and able – to ",
"expressed on normal tissue. It is ",
"depends on other parts of our ",
"challenge the current standards of ",
"believed that this mechanism allows ",
"approach to R&D, including a strategy ",
"r",
"care for the benefit of patients.",
"the immune system to selectively kill ",
"of creating backups for compounds in ",
"myeloma cells with minimal effects on ",
"development, expertise in key biologic ",
"For more information on other pipeline possibili-",
"ties, see sections in this report on how our current ",
"other cell types. It has shown promise ",
"targets and a “follow the science” ",
"products are fueling growth and on groundbreaking ",
"efforts in cardiovascular disease, immuno-oncology ",
"in mid-stage trials.",
"philosophy in clinical development",
"and diabetes."
] | train |
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"Canadian Operations",
"Seafood is a growing category in the food industry. The global ",
"supply of seafood is expanding, and consumer demand is ",
"RETAIL",
"increasing due to the recognized health benefits and taste of ",
"From our sales and marketing headquarters in Toronto,",
". ",
"seafood. Our growth will be based on these trends",
"1",
"the flagship brand of our business, ",
" is sold to",
"High Liner,",
"every major Canadian grocery retailer and club store. It is ",
"Canada’s leading retail seafood name. The brand includes ",
"Global fisheries production",
"more than 100 individual products, from our traditional ",
"battered and breaded fish portions to innovative and highly ",
"share of capture and aquaculture",
"popular premium products that offer a variety of seafood ",
"(Million MT)",
"species responding to modern tastes. Retail also includes the ",
"160",
" and ",
", offering unparalleled variety to ",
"Mirabel",
"Royal Sea brands",
"140",
"Canada’s retailers and clubs. Retail also sells private label ",
"brands to customers. ",
"120",
"100",
"FOOD SERVICE",
"80",
"Our Canadian food service business, also headquartered in ",
"60",
"Toronto, is growing due to our ability, through worldwide ",
"procurement, to provide food service customers with ",
"40",
"new innovative products and new species. Food Service ",
"20",
"specializes in delivering seafood and menu expertise ",
"0",
"to restaurant chains and Canada’s leading food service ",
"’93",
"’95",
"’97",
"’99",
"’01",
"’03",
"’05",
"’07",
"’09",
"distributors. Food Service products are sold under the",
"Capture",
"Source : FAO Fishery Statistics",
"Aquaculture",
" and ",
" brands. High Liner is the largest ",
"High Liner, FPI",
"Mirabel",
"frozen seafood supplier in the food service channel. Private ",
"labels are also produced for some of our larger customers.",
"Growth in the global supply of seafood is due to increased ",
"aquaculture production and the stabilization of wild-caught ",
"1.3",
"STRATEgy",
"species in most areas of the world. However, demand has ",
"increased faster than supply, resulting in increases in raw ",
"Overview",
"material costs. This increased demand came about as a result ",
"Our overall business is a simple one: we satisfy the",
"of increasing interest from North American consumers in ",
"seafood preferences of North American consumers. We do ",
"seafood as a healthy food choice. In addition, increasing ",
"not need to be a vertically integrated seafood harvester to ",
"disposable incomes in countries like Russia and China also ",
"achieve this goal. We need to be, and are, seafood experts.",
"increased demand. The trend of increasing demand was ",
"We focus exclusively on creating and marketing top-quality ",
"reversed, at least temporarily, during 2009 and to a lesser ",
"frozen seafood. ",
"extent in 2010, as a result of the global financial crisis and the ",
"changed relationship between currencies of producing and ",
"Our mission statement describes our business:",
"consuming countries. In 2011, demand increased as the ",
"Our team brings value to our retail, club store and food ",
"•",
"economy showed signs of recovery. We expect",
" longer-term ",
"1",
"service customers through our commitment to the ",
"demand to continue to increase and we have seen increased ",
"development and delivery of high-quality and innovative ",
"costs in 2011 and expect",
" raw material costs in 2012 to ",
"1",
"value-added seafood, and by providing them with a ",
"increase again for most species that we procure. ",
"superior customer service level.",
"•",
"We increase earnings, and thus shareholder value, by:",
"– Partnering with our customers and suppliers ",
"– Developing our brands ",
"– Achieving operational excellence",
"– Providing leadership, development opportunities,",
"and a safe and pleasant working environment to",
"our employees.",
"1",
"Certain information in this sentence and paragraph contains forward-looking information See disclosure in Section 9 of this document ",
"16",
"HIGH LINER FOODS INCORPORATED"
] | train |
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6,
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4,
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5
] | [
"PART",
"I",
"• ",
"directors and supervisors who serve in military, public office or hold teaching or administrative post ",
"may receive a monthly compensation of NT$8,000, and those directors and supervisors who do not ",
"serve in military and public office or hold teaching or administrative post may receive a monthly ",
"compensation of NT$30,000; ",
"Any compensation above the stipulated amounts in the compensation plan for our directors and supervisors, ",
"including but not limited to profit-based bonuses, received by our directors and supervisors who are serving as ",
"representatives of the Ministry of Transportation and Communications or other legal persons will be collected ",
"by the Ministry of Transportation and Communications or the legal persons they represent, respectively. Our ",
"chairman, president, and labor representative to our board of directors—Shyue-Ching Lu, Shaio-Tung Chang, ",
"and Shih-Peng Tsai, respectively—do not receive monthly compensation for acting as our directors because they ",
"receive salaries as employees. ",
"The compensation plan was put into practice on January 1, 2006. The aggregate amount of compensation ",
"that we paid to our directors, supervisors and executive officers in 2009 and 2010 was NT$134,570,422 and ",
"NT$139,477,758, respectively. The aggregate amount of compensation in 2010 includes a NT$87,896,533 salary ",
"payment for directors, supervisors and executive officers, a NT$45,043,580 bonus for directors and supervisors ",
"and a NT$6,537,645 bonus for executive officers and a labor union director. The 2010 bonus for our directors ",
"and supervisors may not exceed 0.2% of our distributable earnings and must be approved at our 2011 annual ",
"general stockholders’ meeting. ",
"Pursuant to R.O.C. disclosure rules, we have disclosed the compensation of our directors and supervisors ",
"and the compensation ranges of our senior management for the fiscal year ended December 31, 2010 as follows: ",
"Directors",
"Total Compensation",
"Fixed Income",
"Dividends ",
"Business Expenses ",
"(in NT$)",
"(5)",
"Chung-Yu Wang",
"329,667 ",
"321,667 ",
"—",
"8,000 ",
"(5)",
"42,000 ",
"Zse-Hong Tsai",
"642,000 ",
"600,000 ",
"(5)",
"12,000 ",
"Chung-Fern Wu",
"333,667 ",
"321,667 ",
"—",
"(1)",
"(6)",
"—",
"—",
"Shyue-Ching Lu",
"8,131,000",
"(2)",
"(6)",
"—",
"Shaio-Tung Chang",
"7,439,400",
"(3)",
"(6)",
"—",
"—",
"Shih-Peng Tsai",
"1,917,398",
"(6)",
"Mu-Shun Lin",
"96,000 ",
"96,000 ",
"—",
"(6)",
"—",
"Yu-Fen Hong",
"20,387 ",
"20,387 ",
"(6)",
"18,000 ",
"Jennifer Yuh-Jen Wu",
"114,000 ",
"96,000 ",
"—",
"(6)",
"—",
"Shih-Wei Pan",
"96,000 ",
"(6)",
"14,000 ",
"Gordon S. Chen",
"374,000 ",
"360,000 ",
"—",
"(6)",
"20,000 ",
"Yi-Bing Lin",
"116,000 ",
"96,000 ",
"(6)",
"8,000 ",
"Shen-Ching Chen",
"201,000 ",
"193,000 ",
"—",
" (6)",
"—",
"Tay-Shing Lee",
"6,194 ",
"6,194 ",
"(6)",
"Guo-Shin Lee",
"69,677 ",
"69,677 ",
"—",
"(5)",
"2,000 ",
"Shu Yeh",
"52,000 ",
"50,000 ",
"(5)",
"10,000 ",
"Jing-Twen Chen",
"288,333 ",
"278,333 ",
"—",
"Ministry of Transportation and ",
"(4)",
"(6)",
"34,264,262 ",
"—",
"34,264,262 ",
"—",
"Communications",
"(1)",
"(1)",
"Includes NT$8,131,000 received as salary for serving as our chief executive officer. ",
"Includes NT$8,131,000 received as salary for serving as our chief executive officer. ",
"(2)",
"(2)",
"(2)",
"Includes NT$7,439,400 received as salary for serving as our president. ",
"Includes NT$7,439,400 received as salary for serving as our president. ",
"Includes NT$7,439,400 received as salary for serving as our president. ",
"(3)",
"(3)",
"(3)",
"Includes NT$1,839,753 received as salary and NT$77,645 received as business expenses as our employee ",
"Includes NT$1,839,753 received as salary and NT$77,645 received as business expenses as our employee ",
"Includes NT$1,839,753 received as salary and NT$77,645 received as business expenses as our employee ",
"(4)",
"(4)",
"(4)",
"Our juridical director. ",
"Our juridical director. ",
"Our juridical director. ",
"(5)",
"(5)",
"The independent directors will not receive any dividend distributions. ",
"The independent directors will not receive any dividend distributions. ",
"94"
] | train |
|
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10,
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8,
8,
10,
10,
10,
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10,
10,
10,
10,
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10,
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2,
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"FRANCHISEES ",
"AND AFFILIATES",
"Some of our franchisees and af",
"filiates ",
"might breach prescribed clauses of franchise or af",
"filiation ",
"contracts, such as ",
"purchasing ",
"policies and marketing plans. Non-compliance with such clauses may have an impact on us. A",
"team of retail ",
"operations advisers ",
"ensures our operating ",
"standards' ",
"consistent ",
"application in ",
"all ",
"of ",
"these stores.",
"FINANCIAL ",
"INSTRUMENTS",
"W",
"e ",
"make some foreign-denominated purchases of goods and services, exposing ourselves to exchange rate risks. ",
"According ",
"to our risk management policy, we may use derivative financial instruments, such as foreign exchange forward ",
"contracts. The policy's guidelines prohibit us from using derivative financial instruments for speculative purposes, but ",
"they ",
"do not guarantee ",
"that ",
"we ",
"will not ",
"sustain losses ",
"as ",
"a result of our derivative ",
"financial instruments.",
"W",
"e hold receivables generated mainly from sales to affiliate customers. To guard against credit losses, we have adopted ",
"a credit policy that defines mandatory credit requirements to be maintained and guarantees to be provided. Af",
"filiate ",
"customer ",
"assets guarantee ",
"the ",
"majority ",
"of ",
"our receivables. ",
"W",
"e are also exposed to liquidity risk mainly through our non-current debt and creditors. We evaluate our cash position ",
"$^{(3)}$ that cash flows generated by our operating activities are suf",
"ficient ",
"to provide for all outflows ",
"regularly and estimate",
"required by ",
"our financing activities.",
"Montréal, Canada, ",
"December 12, 2014",
"$^{(1)}$ See table on \"Operating income before depreciation and amortization and associate's earnings adjustments\" ",
"$^{(1)}$ See table on \"Operating income before depreciation and amortization and associate's earnings adjustments\" ",
"$^{(2)}$ See table on \"Net earnings from continuing operations adjustments\"",
"$^{(2)}$ See table on \"Net earnings from continuing operations adjustments\"",
"$^{(2)}$ See table on \"Net earnings from continuing operations adjustments\"",
"$^{(3)}$ See section on \"Forward-looking information\"",
"$^{(3)}$ See section on \"Forward-looking information\"",
"$^{(3)}$ See section on \"Forward-looking information\"",
"$^{(4)}$ See section on \"IFRS and non-IFRS measurements\" ",
"$^{(4)}$ See section on \"IFRS and non-IFRS measurements\" ",
"$^{(4)}$ See section on \"IFRS and non-IFRS measurements\" ",
"$^{(5)}$ See table on \"Net earnings adjustments\"",
"$^{(5)}$ See table on \"Net earnings adjustments\"",
"35",
"-",
"- "
] | train |
|
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"Remuneration policy and report",
"Governance ",
"104",
"In addition, to monitor alignment with the general industry ",
"selected in accordance with the long-term goals of the company. ",
"in the Netherlands, a reference group has been established, ",
"The level of the indicators should be challenging but achievable. ",
"comprising the twelve leading companies listed on NYSE ",
"The targets and levels are agreed by the Supervisory Board. ",
"Euronext Amsterdam, excluding financial services providers. The ",
"Performance is assessed by Aegon´s Compensation Committee ",
"Supervisory Board will regularly review the composition of these ",
"and validated by the full Supervisory Board.",
"two groups to ensure that they continue to provide a reliable ",
"basis for comparison.",
"For 2013, the performance period for variable compensation was ",
"one year. By implementing deferral and additional holding ",
"Total compensation",
"periods, Aegon believes that the long-term interests of Executive ",
"For each member of the Executive Board, Aegon’s Supervisory ",
"Board members are aligned with the interests of Aegon and its ",
"Board determines a maximum total compensation, reflecting the ",
"stakeholders",
"specific roles and responsibilities of the individual. Each year, ",
"the Supervisory Board will review total compensation levels to ",
"Variable compensation, comprising both cash and shares, is ",
"ensure they remain competitive and provide proper, risk-based ",
"conditionally granted at the beginning of each performance ",
"incentives to members of Aegon’s Executive Board. At present, ",
"period. The number of conditionally granted shares is calculated ",
"the Executive Board Target Direct Compensation (defined as base ",
"using the fair value of one Aegon share at the beginning of that ",
"salary plus variable compensation) is below the median of the ",
"period. This fair value is equal to the average price on the NYSE ",
"international market. To ensure Executive Board members are ",
"Euronext Amsterdam stock exchange for the period December ",
"compensated in accordance with the desired market positioning, ",
"15",
"through January 15. After the performance year, the company ",
"the alignment to the desired market position needs to be ",
"will assess the realized performance against the performance ",
"addressed over time, in accordance with applicable rules and ",
"indicators and compare the minimum, target and maximum levels ",
"regulations and codes.",
"of the performance indicators with the realized performance. ",
"The amount of conditional variable compensation that can be ",
"Consistent with the Executive Board Remuneration Policy, the ",
"allocated will then be established. Variable compensation will be ",
"total compensation for Executive Board members will consist of ",
"allocated once accounts for the financial year in question have ",
"fixed compensation and variable compensation.",
"been adopted by the company’s shareholders and after an ",
"ex-ante assessment.",
"The Supervisory Board conducts regular scenario analyses ",
"to determine the long-term effect of level and structure of ",
"The allocated variable compensation consists of equal parts of ",
"compensation granted to members of the Executive Board. The ",
"cash and shares, of which 40% will be paid out (or vest) ",
"Supervisory Board (Compensation Committee) has discussed and ",
"following the performance year, and 60% will be deferred. ",
"endorsed the 2013 total compensation for the Executive Board.",
"This deferred portion will remain conditional until it vests.",
"Fixed compensation",
"The deferred part will vest in equal parts (that is, cash and ",
"It is the responsibility of the Supervisory Board to determine ",
"shares) over a three year period. After an ex-post assessment, ",
"fixed compensation for members of the Executive Board based ",
"which may lower the vesting parts, the parts will be paid 50% in ",
"on their qualifications, experience and expertise.",
"cash and 50% in shares vesting. Vested shares are restricted for ",
"a further period of three years (with the exception of shares sold ",
"Variable compensation",
"to meet income tax obligations).",
"Aegon believes that variable compensation strengthens ",
"Executive Board members´ commitment to the company´s ",
"The payout of the variable compensation can be illustrated with ",
"objectives and strengthens the Executive Board members´ ",
"an example as follows. For every 1,000 variable compensation, ",
"commitment to the company´s business strategy, risk tolerance ",
"400 will be paid out/vest following the performance year. This ",
"and long-term performance. Variable compensation is based on a ",
"part will be paid 50% in cash (=200) and 50% in shares vesting ",
"number of individual and company performance indicators, ",
"immediately (=200 / ",
" = 40 shares). The remaining 600 will be ",
"1",
"regularly evaluated by experts in the company´s Finance, Risk, ",
"deferred. The deferred part will vest in three equal parts, after ",
"Audit, Human Resources and Compliance departments",
"the end of each of the following performance periods. The three ",
"deferred parts will each be paid 50% in cash (=100) and 50% in ",
"This performance is determined using a mix of financial and ",
"shares vesting (=100 / 4.917 = 20 shares). For all vested shares ",
"non-financial indicators. Aegon believes these indicators provide ",
"there is an additional holding period of three years after vesting. ",
"an accurate and reliable reflection of both company and ",
"The compensation schedule can be illustrated by the ",
"individual performance. The type of performance indicators are ",
"following overview.",
"1",
"Based on VWAP December 15, 2012 - January 15, 2013.",
"Annual Report 2013"
] | train |
|
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"37",
"agreement, Aegon divested its global life reinsurance activities ",
"In the defined contribution market, Aegon USA’s main ",
"with the exception of select blocks of business. The retained ",
"competitors are Fidelity, Mass Mutual, New York Life, Principal ",
"businesses comprise mainly variable annuity guarantee business.",
"Financial, Schwab, T. Rowe Price, and Vanguard. Aegon USA’s ",
"main competitors in the defined benefit segment are Mass ",
"Competition",
"Mutual, New York Life, Principal Financial, and Prudential. In ",
"Competitors of Aegon Americas’ companies include other large ",
"the emerging market segment and the multiple employer plan ",
"and highly-rated insurance carriers, as well as certain banks, ",
"segment, Aegon USA’s main competitors are American Funds, ",
"securities brokerage firms, investment advisors, and other ",
"Fidelity, ING, John Hancock, and Principal Financial. In the single ",
"financial intermediaries marketing insurance products, annuities ",
"premium group annuity market, Aegon USA’s main competitors ",
"and mutual funds. Aegon USA leverages long-term relationships ",
"are John Hancock, Mass Mutual, MetLife, Mutual of Omaha, and ",
"with many institutions to offer them product lines such as ",
"Prudential.",
"variable annuities, life insurance, mutual funds, and 401(k) ",
"products.",
"Aegon USA has been a leading issuer of synthetic GICs",
". ",
"1",
"Regulation and supervision",
"In the United States, the Life & Protection division faces ",
"Aegon USA",
"competition from a variety of carriers. Leading competitors ",
"include AIG, Genworth, John Hancock, Lincoln National, MetLife, ",
"The Aegon USA insurance companies are subject to regulation ",
"and USAA. In Canada, the primary competitors are Industrial-",
"and supervision in the states and jurisdictions in which they ",
"Alliance, Manulife Financial, Power Corporation (comprising ",
"transact business, maintain offices or otherwise have a business ",
"Canada Life, Great West Life, London Life,), and Sun Life ",
"presence. Regulators in each of those states and jurisdictions ",
"Financial. The result is a highly competitive marketplace and ",
"have broad powers to grant or revoke licenses to transact ",
"increasing commoditization in many product categories.",
"business, regulate trade and marketing practices, license agents, ",
"approve policy forms and certain premium rates, set reserve ",
"Aegon USA markets variable universal life, mutual funds, ",
"and capital requirements, determine the form and content of ",
"and variable annuities to middle-income clients with equity ",
"required financial reports, examine the insurance companies, ",
"investment objectives. Variable annuity sales are often driven ",
"prescribe the type and amount of investments permitted, levy ",
"by the competitiveness of the living benefits offered by ",
"fines and seek restitution, fines, sanctions or other monetary ",
"competitors, with most product development focusing on ",
"penalties for failure to comply with applicable regulations. The ",
"guaranteed lifetime withdrawal benefits, which guarantee ",
"international businesses of Aegon USA are governed by the laws ",
"lifetime withdrawals of a certain amount under certain ",
"and regulations of the countries in which they transact business, ",
"conditions. There is continued interest, and strong competition ",
"maintain offices or otherwise have a business presence.",
"among providers, in guaranteed lifetime withdrawal products. ",
"Aegon USA competes in the variable annuity marketplace. ",
"Insurance companies are subject to a mandatory audit ",
"It maintains an effective wholesaling force, and focuses on ",
"every three to five years by their domestic state insurance ",
"strategic business relationships and products with competitive ",
"departments, and every year by their independent auditors. ",
"features, benefits and pricing. Aegon USA’s primary competitors ",
"In addition, examinations by non-domestic state insurance ",
"in the variable annuity market are Jackson National, Lincoln ",
"departments are conducted, on a targeted, random or cyclical ",
"National, MetLife, Nationwide, and Prudential.",
"basis. Some state Attorneys General have also commenced ",
"investigations into certain insurers’ business practices. Within ",
"The top five competitors in the mutual fund market are American ",
"the insurance industry, substantial liability has been incurred by ",
"Funds, Fidelity, Franklin Templeton, PIMCO, and T. Rowe Price.",
"insurance companies based on their past sales, marketing and ",
"operational practices. Aegon USA continues to focus on these ",
"The retirement plan market continues to evolve rapidly and is ",
"compliance issues, and costs may increase as a result of these ",
"facing growing regulatory compliance pressures, continuing ",
"regulatory activities.",
"demand for technological innovation, pricing pressures, and ",
"provider consolidation. Aegon USA’s ability to achieve greater ",
"State insurance regulators have risk-based capital (RBC) ",
"economies of scale in operations will be assisted by continued ",
"standards for life insurance companies, established by the ",
"growth in key market segments, technology improvements, and ",
"National Association of Insurance Commissioners (NAIC). The ",
"process management efficiency.",
"RBC Model Act (Model Act) provides for various actions should ",
"an insurer’s adjusted capital, based on statutory accounting ",
"principles, fall below certain prescribed levels, which are defined ",
"1",
"Source: Reports from LIMRA International and the Stable Value Investment Association’s Stable Value and Funding Agreement Products as of the first three ",
"quarters of 2013."
] | train |
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"69",
"In February 2013, Aegon acquired Fidem Life, a life insurance ",
"In terms of assets under management, Aegon’s private pension ",
"player in Ukraine selling traditional life insurance products. ",
"funds in Poland, Slovakia and Romania, and voluntary pension ",
"fund in Hungary, are among the largest",
" in their countries. In ",
"1",
"In the CEE region, Aegon has substantial traditional life insurance ",
"terms of member numbers, Aegon has a significant market ",
"portfolios, mainly in Hungary, Turkey and Ukraine. The other ",
"presence",
" in Poland, Romania, and Hungary. As of December ",
"2",
"Aegon subsidiaries, including Hungary, focus on unit-linked ",
"2013, Aegon had a total of 1.6 million pension fund members in ",
"products, in addition to various accident and health riders.",
"Central & Eastern Europe.",
"In 2013, Aegon Hungary Composite Insurance Company ",
"Since 2009, a series of legislative changes implemented in ",
"incorporated a new subsidiary, Aegon Hungary Home Savings ",
"Aegon’s regional country units has impacted this line of business ",
"and Loan Association. The new entity provides a savings product ",
"significantly. The most significant impact was in Hungary and ",
"combined with a preferential loan option which is subsidized by ",
"another significant impact is expected in Poland. ",
"the state during the savings period. ",
"The Hungarian pension legislation changes enacted at the ",
"Mortgage loans",
"end of 2010 had a significant impact on the private (formerly ",
"Aegon Hungary has offered mortgage loans to retail customers ",
"mandatory) pension system. One of the most important ",
"since 2006. Home mortgage loans provided in the past were ",
"measures was that private pension members were required ",
"mainly Swiss franc denominated and provided by Aegon Hungary ",
"to choose whether to remain enrolled in the private pension ",
"Mortgage Finance Co., a subsidiary of Aegon Hungary Composite ",
"fund (on condition of termination of entitlement to the state ",
"Insurance Company. In the last four years, the mortgage lending ",
"pension for employment years after 2011) or opt out of private ",
"shifted toward lending in the Hungarian forint.",
"pension funds, transferring accumulated savings to the state ",
"held pension system. As a result, approximately 3% of members ",
"Since 2010, the mortgage loans business has been affected by ",
"decided to remain enrolled in the private pension system and ",
"several legislative changes enacted by the Hungarian Parliament, ",
"97% moved to the state pension system.",
"each having the aim of reducing the financial burden on debtors ",
"with foreign currency denominated loans, and arising as a result ",
"Further legislative changes, enacted in Hungary at the end of ",
"of the economic downturn. One of the most significant one-time ",
"2011, required that all contributions deducted from the monthly ",
"measures was enacted in September 2011 to permit debtors to ",
"wages of members were transferred to the state driven pension ",
"redeem the outstanding loan amount at a fixed, below market ",
"system (Pillar I). Members were able to transfer contributions ",
"exchange rate that resulted in a substantial loss for the financial ",
"to the private (formerly mandatory) pension funds only on ",
"industry. Under the currently effective rules debtors may fix the ",
"a voluntary basis. ",
"exchange rate applied to their monthly instalments at a below-",
"market exchange rate for a maximum period of five years. The ",
"Following the above mentioned changes, on May 31, 2012, ",
"financial losses resulting from this program are borne partially by ",
"the delegate general meeting agreed to terminate the Aegon ",
"the Hungarian State and partially by financial institutions. ",
"private pension fund without any legal successor in Hungary. ",
"The liquidation process began on July 1, 2012, and was ",
"Pensions",
"completed in 2013.",
"Aegon’s pension business in Central & Eastern Europe ",
"experienced considerable growth before the financial crisis of ",
"In Poland, in accordance with legislative changes enacted in ",
"2008, due mainly to the region’s strong economic growth, and ",
"2011, the contribution level payable into the private pension ",
"pension system reform in many of the countries in the region.",
"fund was reduced significantly. As of 2012, new members may ",
"no longer be actively recruited into private pension funds by ",
"In the formerly mandatory private pension market, Aegon was ",
"pension management companies. Also, in accordance with the ",
"active in Slovakia, Poland, and Romania in 2013, having exited ",
"legislative changes coming into force on January 31, 2014, the ",
"Hungary. In the voluntary pension market, Aegon was active ",
"Polish treasury bonds, treasury bills and other state backed ",
"in Hungary and Turkey, having exited Slovakia and the Czech ",
"debt instruments, representing around 50% of the value of ",
"Republic in 2013.",
"the managed pension fund, are to be transferred back to the ",
"1",
"Sources: Polish Financial Supervision Authority, www.knf.gov.pl; the Association of Pension Fund Management Companies, Slovakia, www.adss.sk; Authority for ",
"Financial Supervision, http://asfro.ro/; The Central Bank of Hungary, https://felugyelet.mnb.hu.",
"2",
"Sources: Polish Financial Supervision Authority, www.knf.gov.pl; Authority for Financial Supervision, http://asfro.ro/; The Central Bank of Hungary, https://",
"felugyelet.mnb.hu."
] | train |
|
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"QUARTERL",
"Y HIGHLIGHTS",
"2014 ",
"2013 Change ",
"(%)",
"(Millions of dollars, unless otherwise indicated)",
"Sales",
"(6)",
"2,701.3 ",
"2,704.7",
"(0.1)",
"Q1",
"(6)",
"2,554.8 ",
"2,512.0",
"1.7",
"Q2",
"(7)",
"3,622.1 ",
"3,572.2",
"1.4",
"Q3",
"(6)",
"2,712.2 ",
"2,611.0",
"3.9",
"Q4",
"Fiscal",
"11,590.4 ",
"11,399.9",
"1.7",
"Net earnings",
"(6)",
"99.2 ",
"117.3",
"(15.4)",
"Q1",
"(6)",
"96.9 ",
"362.7",
"(73.3)",
"Q2",
"(7)",
"144.5 ",
"144.4",
"0.1",
"Q3",
"(6)",
"115.6 ",
"79.5",
"45.4",
"Q4",
"Fiscal",
"456.2 ",
"703.9",
"(35.2)",
"(4) ",
"Adjusted net earnings from continuing operations",
"(6)",
"Q1",
"103.9 ",
"110.9",
"(6.3)",
"(6)",
"Q2",
"96.9 ",
"96.4",
"0.5",
"(7)",
"144.5 ",
"144.5",
"—",
"Q3",
"(6)",
"115.6 ",
"108.9",
"6.2",
"Q4",
"Fiscal",
"460.9 ",
"460.7",
"—",
"Fully diluted net earnings per share ",
"(Dollars)",
"(6)",
"Q1",
"1.06 ",
"1.19",
"(10.9)",
"(6)",
"1.07 ",
"3.73",
"(71.3)",
"Q2",
"(7)",
"1.63 ",
"1.49",
"9.4",
"Q3",
"(6)",
"1.32 ",
"0.83",
"59.0",
"Q4",
"Fiscal",
"5.07 ",
"7.28",
"(30.4)",
"Adjusted fully diluted net earnings per share ",
"from continuing operations",
"$^{(4)}$ ",
"(Dollars)",
"(6)",
"Q1",
"1.11 ",
"1.12",
"(0.9)",
"(6)",
"1.07 ",
"0.98",
"9.2",
"Q2",
"(7)",
"1.63 ",
"1.49",
"9.4",
"Q3",
"(6)",
"1.32 ",
"1.15",
"14.8",
"Q4",
"Fiscal",
"5.13 ",
"4.73",
"8.5",
"(6)",
"12 ",
"12 ",
"weeks ",
"weeks ",
"(7)",
"(7)",
"16 ",
"16 ",
"weeks",
"weeks",
"As ",
"the discontinued operation and non-controlling interests are not material, the information is not presented in the table ",
"above, ",
"but in ",
"the ",
"consolidated ",
"statements ",
"of income.",
"Sales ",
"in the first quarter of 2014 reached $2,701.3 million essentially flat versus $2,704.7 million for the corresponding ",
"quarter last ",
"year. Same-store ",
"sales ",
"were down ",
"0.5%, ",
"an improvement ",
"over ",
"the last two quarters ",
"of ",
"2013.",
"Sales in the second quarter of 2014 reached $2,554.8 million versus $2,512.0 million last year",
", ",
"an increase of 1.7%. ",
"Same-store ",
"sales were up 1.0%. Our aggregate food basket experienced slight inflation. Our merchandising strategies ",
"and investments, as well as our reorganization of our Ontario store network enabled us to increase sales in a market ",
"that ",
"remains intensely competitive.",
"$^{(1)}$ See table on \"Operating income before depreciation and amortization and associate's earnings adjustments\" ",
"$^{(1)}$ See table on \"Operating income before depreciation and amortization and associate's earnings adjustments\" ",
"$^{(2)}$ See table on \"Net earnings from continuing operations adjustments\"",
"$^{(2)}$ See table on \"Net earnings from continuing operations adjustments\"",
"$^{(2)}$ See table on \"Net earnings from continuing operations adjustments\"",
"$^{(3)}$ See section on \"Forward-looking information\"",
"$^{(3)}$ See section on \"Forward-looking information\"",
"$^{(3)}$ See section on \"Forward-looking information\"",
"$^{(4)}$ See section on \"IFRS and non-IFRS measurements\" ",
"$^{(4)}$ See section on \"IFRS and non-IFRS measurements\" ",
"$^{(4)}$ See section on \"IFRS and non-IFRS measurements\" ",
"$^{(5)}$ See table on \"Net earnings adjustments\"",
"$^{(5)}$ See table on \"Net earnings adjustments\"",
"20",
"-",
"- "
] | train |
|
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8,
10,
10,
10,
10,
10,
10,
8,
10,
10,
10,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
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8,
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"LABOUR RELATIONS",
"The majority of our store and distribution centre employees are unionized. Collective bargaining may give rise to work ",
"stoppages or slowdowns that could hurt us. We negotiate agreements with different maturity dates, conditions that ensure ",
"our competitiveness and terms that promote a positive work environment in all our business segments. We have ",
"$^{(3)}$ to maintain good labour relations in the ",
"experienced some minor labour conflicts over the last few years but expect",
"future.",
"OCCUPATIONAL HEALTH AND SAFETY",
"Workplace accidents may occur at one of our sites. To minimize this risk, we developed an accident prevention policy. ",
"Furthermore at all of our sites, we established workplace health and safety committees responsible for accident ",
"prevention.",
"CORPORATE RESPONSIBILITY",
"If our actions do not respect our environmental, social and economic responsibilities, we are exposed to criticism, claims, ",
"boycotts and even lawsuits, should we fail to adhere to our legal obligations.",
"We are aware that our business operations affect society and have increased our efforts regarding corporate responsibility. ",
"In 2012, we published our first Corporate Responsibility Report which was developed based on a prioritization process ",
"that considered both internal and external issues and trends impacting our sector and business. In 2013, we published ",
"an update to the report and in 2014, we published our second report detailing our latest corporate responsibility ",
"developments. The Fédération des chambres de commerce du Québec awarded the Corporation first prize in Sustainable ",
"www.metro.ca",
".",
"Development-Large Company. Our Corporate Responsibility Report is available on our website ",
"REGULATIONS",
"Changes are regularly brought about to accounting policies, laws, regulations, rules or policies impacting our operations. ",
"We monitor these changes closely.",
"MARKET AND COMPETITION",
"Intensifying competition, the possible arrival of new competitors and changing consumer needs are constant concerns ",
"for us.",
"To cope with competition and maintain our leadership position in the Québec and Ontario markets, we are on the alert ",
"for new ways of doing things and new sites. We have an ongoing investment program for all our stores to ensure that ",
"our retail network remains one of the most modern in Canada.",
"We have also developed a successful market segmentation strategy. Our grocery banners: the conventional Metro ",
"supermarkets, Super C and Food Basics discount banners, and Adonis ethnic food stores, target three different market ",
"segments. In fiscal 2014, we acquired Première Moisson, a company specializing in artisan breads and pastries to ",
"enhance our product offering. In the pharmacy market, we have large, medium, and small pharmacies under the Brunet ",
"Plus, Brunet, Brunet Clinique, Brunet Target, Clini Plus, Pharmacy, and Drug Basics banners.",
"With the ",
"metro&moi",
" and ",
"Air Miles$^{®}$ loyalty programs in our Metro and Metro Plus supermarkets and our partner ",
"Dunnhumby Canada Limited, we are able to know the buying habits of loyal customers, offer them personalized ",
"promotions and increase their purchases at our stores.",
"PRICE OF FUEL, ENERGY AND UTILITIES",
"We are a big consumer of utilities, electricity, natural gas and fuel. Increases in the price of these items may affect us.",
"SUPPLIERS",
"Negative events could affect a supplier and lead to service breakdowns and store delivery delays. As a remedy for this ",
"situation, we deal with several suppliers. In the event of a supplier's service breakdown, we can turn to another supplier ",
"reasonably quickly.",
"$^{(1)}$ See table on \"Operating income before depreciation and amortization and associate's earnings adjustments\"",
"$^{(1)}$ See table on \"Operating income before depreciation and amortization and associate's earnings adjustments\"",
"$^{(2)}$ See table on \"Net earnings from continuing operations adjustments\"",
"$^{(2)}$ See table on \"Net earnings from continuing operations adjustments\"",
"$^{(2)}$ See table on \"Net earnings from continuing operations adjustments\"",
"$^{(3)}$ See section on \"Forward-looking information\"",
"$^{(3)}$ See section on \"Forward-looking information\"",
"$^{(3)}$ See section on \"Forward-looking information\"",
"$^{(4)}$ See section on \"IFRS and non-IFRS measurements\"",
"$^{(4)}$ See section on \"IFRS and non-IFRS measurements\"",
"$^{(4)}$ See section on \"IFRS and non-IFRS measurements\"",
"$^{(5)}$ See table on \"Net earnings adjustments\"",
"$^{(5)}$ See table on \"Net earnings adjustments\"",
"34",
"-",
"- "
] | train |
|
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8,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
10,
10,
10,
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10,
10,
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"dIGITAL PLATFORmS",
"PHARmACy NeTwORk",
"The digital ecosystem developed by MeTRo and launched ",
"we also carried out a complete overhaul of our ",
" site, ",
"brunet.ca",
"in september of 2013 continues to enjoy great success. only ",
"developed an app for a smart digital device and launched ",
"one month after the mobile app ",
" was launched, ",
"a new digital circular. our goal is to communicate more ",
"My Metro",
"which allows users to manage their purchases before, ",
"easily with customers in order to make their life simpler. we ",
"during and after their trip to the grocery store, the number ",
"will also implement the ",
" program, which is ",
"Customer First",
"of downloads exceeded the goal that had been set for the ",
"a commitment to customers to go even further in meeting ",
"first three months. It was also the most downloaded app in ",
"their needs.",
"the App store",
" Food and Beverage category in the weeks ",
"(1)",
"AdONIS",
"following its launch and today it is the app that receives",
"the best user-satisfaction results.",
"we opened a new Adonis store in scarborough, ontario. It is ",
"the 8",
" store in the chain and the second one in the province ",
"th",
"we therefore continued developing our web and mobile ",
"of ontario. we are very pleased with this partnership and we ",
"platforms. smiles identifying good and great health choices ",
"intend to continue improving the ethnic product offering in ",
"for each product category can now be found on the ",
"our stores by leveraging the expertise of the Adonis team. ",
"metro.ca",
"site and on the mobile app when users create their grocery ",
"other openings are planned in the coming year. ",
"list. Also, the ",
" mobile app, now also available on ",
"My Metro",
"Android™",
", allows customers to read the bar codes of the ",
" (2)",
"products they will soon be running out of and automatically ",
"add them to their grocery list. ",
" iPhone, App store and Apple are trademarks of Apple Inc.",
"(1)",
" Android is a trademark of Google Inc.",
"(2)",
"9",
"RevIew OF OPeRATIONS 2014 ANNUAL RePORT meTRO"
] | train |
|
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"30",
"June 2014",
"Directors’ Report",
"The table below shows details of the KMP Remuneration for the financial year. LTI Remuneration is based on ",
"vested grants and probabilistic estimates for those grants that have not yet vested. ",
"Directors’ Report",
"KMP REMUNERATION:",
"2013/14",
"For personal use only",
"Long Term Benefits",
"Long ",
"Other ",
"Short Term Benefits",
"Post Em-",
"term ",
"Statutory ",
"ployment ",
"benefits",
"Entitle-",
"Benefits",
"ments",
"Salary ",
"Bonus ",
"Total",
"Vested ",
"Granted ",
"Bonus ",
"Other ",
"Non ",
"Super-",
"Long ",
"and Fees",
"2012/13 ",
"subject ",
"2013/14 ",
"fees for ",
"Monetary",
"annuation",
"service ",
"paid ",
"to future ",
"(accrued)",
"services ",
"leave",
"2",
"2013/14",
"vesting ",
"rendered",
"1",
"3",
"conditions",
"$",
"$",
"$",
"$",
"$",
"$",
"$",
"$",
"$",
"$",
"Non-executive Directors",
"P Wade",
" 200,000 ",
" - ",
" - ",
" 262,500 ",
" - ",
" 25,000 ",
" - ",
" - ",
" - ",
" - ",
" 487,500 ",
"J Ricciardo",
" 90,000 ",
" - ",
" - ",
" - ",
" - ",
" 8,100 ",
" - ",
" - ",
" - ",
" - ",
" 98,100 ",
"M Dutton",
" 90,000 ",
" - ",
" - ",
" - ",
" - ",
" 8,100 ",
" - ",
" - ",
" - ",
" - ",
" 98,100 ",
"K Flynn",
" 98,100 ",
" - ",
" - ",
" 76,865 ",
" - ",
" - ",
" - ",
" - ",
" - ",
" - ",
" 174,965 ",
"Executive Directors",
"C",
"Ellison",
" 950,000 ",
" 332,500 ",
" 266,000 ",
" - ",
" 83,377 ",
" 25,000 ",
" - ",
" - ",
" 130,625 ",
" 130,625",
"1,918,127 ",
"Other KMP",
"B Gavranich",
" 846,590 ",
" 247,500 ",
" 205,128 ",
" - ",
" 33,363 ",
" 25,000 ",
" - ",
" - ",
" 96,154 ",
" 96,154",
"1,549,888 ",
"D Geraghty",
" 591,378 ",
" 136,000 ",
" 149,184 ",
" - ",
" 19,663 ",
" 24,039 ",
" - ",
" 69,930 ",
" 69,930",
"1,060,124 ",
"B Goulds",
" 625,000 ",
" 187,500 ",
" 150,000 ",
" - ",
" 25,000 ",
" - ",
" - ",
" 70,313 ",
" 70,312",
"1,128,125 ",
" 529,989 ",
" 74,320 ",
" - ",
" - ",
" 17,337 ",
" 22,596 ",
" 94,966 ",
" - ",
" - ",
" - ",
" 739,208 ",
"A Haslam",
"4",
"J Seymour ",
" 647,585 ",
" 190,059 ",
" 157,521 ",
" - ",
" 23,036 ",
" 19,802 ",
" - ",
" 73,838 ",
" 73,838",
"1,185,678 ",
"S Wyatt",
" 846,835 ",
" 247,500 ",
" 205,128 ",
" - ",
" 83,377 ",
" 25,000 ",
" - ",
" - ",
" 96,154 ",
" 96,154",
"1,600,148 ",
" 5,515,477",
"1,415,379",
"1,132,961 ",
" 339,365 ",
" 260,153 ",
" 207,637 ",
" 94,966 ",
" - ",
" 537,013 ",
" 537,012",
"10,039,963 ",
" Bonus relates to performance for the 2012/13 financial year which was measured and approved on 13 December 2013. ",
" Bonus relates to performance for the 2012/13 financial year which was measured and approved on 13 December 2013. ",
"1",
" Payable August 2014.",
" Payable August 2014.",
" Payable August 2014.",
"2",
"2",
"Other fees for services were as follows; rendered by Peter Wade for general management advice (current trade payable balance at 30 June 2014 ",
"Other fees for services were as follows; rendered by Peter Wade for general management advice (current trade payable balance at 30 June 2014 ",
"3",
"3",
"$114,657), and to Sirona Capital Pty Ltd, a director related entity of Kelvin Flynn, for financial options relating to the Carina mine site (no trade payable ",
"balance owing at 30 June 2014).",
"balance owing at 30 June 2014).",
" Resigned on 16 May 2014. Represents remuneration from 1 July 2013 to 16 May 2014.",
" Resigned on 16 May 2014. Represents remuneration from 1 July 2013 to 16 May 2014.",
"4",
"4",
"31",
"Annual Report 2014 ",
"Mineral Resources Limited"
] | train |
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[
492,
954,
507,
965
],
[
510,
954,
515,
965
],
[
484,
954,
492,
965
]
] | [
8,
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
8,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
8,
8,
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
5,
5,
5
] | [
"FOURTH ",
"QUARTER",
"2014 ",
"2013",
"Change",
"(Millions of dollars, except for net earnings per share)",
"%",
"Sales",
"2,712.2 ",
"2,611.0",
"3.9",
"Operating income before depreciation ",
"(4) ",
"188.4 ",
"143.7",
"31.1",
"and amortization and associate's earnings",
"Adjusted operating income before depreciation and ",
"(1)(4) ",
"188.4 ",
"183.7",
"2.6",
"amortization and associate's earnings",
"Net earnings ",
"115.6 ",
"79.5",
"45.4",
"(4)(5) ",
"Adjusted net earnings",
"115.6 ",
"108.9",
"6.2",
"Fully diluted net earnings per share ",
"1.32 ",
"0.83",
"59.0",
"(4)(5) ",
"1.32 ",
"1.15",
"14.8",
"Adjusted fully diluted net earnings per share",
"Cash flows from:",
"Operating activities ",
"128.5 ",
"159.6",
"—",
"Investing activities ",
"(162.1) ",
"(44.1)",
"—",
"Financing activities ",
"35.3 ",
"(123.1)",
"—",
"SALES",
"Sales ",
"in the fourthquarter of 2014totalled $2,712.2 million, up 3.9% compared to $2,611.0 million for the same quarter ",
"last year",
". ",
"Same-store sales were up 3.1",
"%. ",
"Our aggregate food basket experienced inflation of 2.5",
"%. ",
"In a market that ",
"remains ",
"intensely competitive, our merchandising strategies and investments as well as the reorganization of our Ontario ",
"store network enabled us to increase sales. ",
"The ",
"fourth quarter acquisition of Première Moisson accounted for 0.5% of ",
"our ",
"sales increase.",
"(4)",
"OPERA",
"TING INCOME BEFORE DEPRECIATION AND AMORTIZATION AND ASSOCIATE'S EARNINGS",
"Operating ",
"income before depreciation and amortization and associate's earnings",
"$^{(4)}$ for the fourthquarter of 2014totalled ",
"$",
"188.4 million or 6.9% of sales versus $143.7 million or 5.5% of sales for the same quarter last year. Excluding Ontario ",
"store ",
"network restructuring costs of $40.0 million, adjusted operating income before depreciation and amortization and ",
"associate’",
"s earnings$^{(1)(4)}$ for the fourthquarter ",
"of ",
"2013 were $183.7 million ",
"or ",
"7.0",
"% ",
"of sales",
".",
"In ",
"the fourthquarter of 2014, gross margin on sales was 19.3% versus 19.2% for the same quarter of 2013. The operating ",
"expenses as a percentage of sales ratio was 12.3% for the fourth quarter of 2014 versus 12.1% for the corresponding ",
"quarter of ",
"2013. The acquisition ",
"of ",
"Première Moisson ",
"led ",
"to this difference in ",
"ratios.",
"(4)",
"Operating ",
"income before depreciation and amortization and associate's earnings adjustments ",
"(OI)",
"12",
"weeks",
"2014 ",
"2013",
"(Millions of dollars, ",
"OI ",
"Sales",
"(%)",
"OI",
"Sales",
"(%)",
"unless otherwise indicated)",
"Operating income before depreciation",
"and amortization and associate's ",
"188.4 ",
"2,712.2",
"6.9",
"143.7 2,611.0 ",
"5.5",
"earnings",
"Restructuring charges ",
"— ",
"40.0",
"Adjusted operating income before ",
"depreciation and amortization and ",
"188.4",
"2,712.2",
"6.9",
"183.7",
"2,611.0",
"7.0",
"(4)",
"associate's earnings",
"$^{(1)}$ See table on \"Operating income before depreciation and amortization and associate's earnings adjustments\" ",
"$^{(1)}$ See table on \"Operating income before depreciation and amortization and associate's earnings adjustments\" ",
"$^{(2)}$ See table on \"Net earnings from continuing operations adjustments\"",
"$^{(2)}$ See table on \"Net earnings from continuing operations adjustments\"",
"$^{(2)}$ See table on \"Net earnings from continuing operations adjustments\"",
"$^{(3)}$ See section on \"Forward-looking information\"",
"$^{(3)}$ See section on \"Forward-looking information\"",
"$^{(3)}$ See section on \"Forward-looking information\"",
"$^{(4)}$ See section on \"IFRS and non-IFRS measurements\" ",
"$^{(4)}$ See section on \"IFRS and non-IFRS measurements\" ",
"$^{(4)}$ See section on \"IFRS and non-IFRS measurements\" ",
"$^{(5)}$ See table on \"Net earnings adjustments\"",
"$^{(5)}$ See table on \"Net earnings adjustments\"",
"27",
"-",
"- "
] | train |
|
[
[
425,
89,
574,
101
],
[
210,
112,
789,
123
],
[
280,
127,
719,
138
],
[
160,
157,
872,
169
],
[
127,
172,
356,
184
],
[
127,
200,
447,
211
],
[
160,
221,
615,
233
],
[
160,
249,
745,
260
],
[
766,
249,
839,
260
],
[
160,
266,
745,
278
],
[
803,
266,
839,
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],
[
160,
289,
745,
301
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[
774,
289,
839,
301
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[
160,
307,
745,
318
],
[
794,
307,
839,
318
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[
160,
324,
745,
336
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[
797,
324,
845,
336
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[
160,
347,
745,
359
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[
766,
347,
839,
359
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[
127,
380,
146,
392
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[
160,
380,
872,
392
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[
160,
395,
872,
407
],
[
160,
410,
872,
422
],
[
160,
426,
842,
437
],
[
160,
447,
872,
458
],
[
127,
462,
170,
473
],
[
567,
484,
624,
493
],
[
565,
494,
626,
503
],
[
720,
494,
794,
503
],
[
569,
504,
621,
513
],
[
656,
504,
689,
513
],
[
720,
504,
795,
513
],
[
832,
504,
851,
513
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[
127,
523,
264,
535
],
[
127,
541,
552,
552
],
[
588,
541,
614,
552
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[
642,
541,
703,
552
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[
724,
541,
796,
552
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[
811,
541,
872,
552
],
[
127,
558,
552,
569
],
[
580,
558,
610,
569
],
[
650,
558,
703,
569
],
[
732,
558,
796,
569
],
[
827,
558,
872,
569
],
[
127,
575,
548,
587
],
[
594,
575,
610,
587
],
[
658,
575,
703,
587
],
[
740,
575,
796,
587
],
[
856,
575,
872,
587
],
[
127,
592,
552,
604
],
[
580,
592,
610,
604
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[
658,
592,
703,
604
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[
740,
592,
796,
604
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[
827,
592,
872,
604
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[
127,
615,
552,
626
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[
642,
615,
703,
626
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[
724,
615,
796,
626
],
[
811,
615,
872,
626
],
[
127,
639,
264,
651
],
[
127,
657,
552,
668
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[
588,
657,
614,
668
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[
642,
657,
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668
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[
724,
657,
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[
811,
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[
127,
674,
552,
685
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[
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674,
610,
685
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650,
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685
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[
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674,
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[
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[
856,
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872,
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[
127,
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552,
720
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[
580,
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720
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740,
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[
827,
708,
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720
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[
127,
731,
552,
742
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[
642,
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703,
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[
724,
731,
796,
742
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[
811,
731,
872,
742
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[
160,
759,
872,
771
],
[
127,
774,
795,
786
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[
660,
796,
810,
806
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[
645,
810,
671,
819
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[
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810,
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819
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[
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810,
826,
819
],
[
160,
830,
611,
841
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[
631,
830,
684,
841
],
[
709,
830,
762,
841
],
[
786,
830,
839,
841
],
[
160,
847,
611,
858
],
[
639,
847,
684,
858
],
[
717,
847,
762,
858
],
[
794,
847,
839,
858
],
[
160,
869,
611,
881
],
[
631,
869,
684,
881
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[
709,
869,
762,
881
],
[
786,
869,
839,
881
],
[
484,
907,
515,
919
]
] | [
8,
8,
8,
10,
10,
8,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2,
2,
2,
2,
10,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
5
] | [
"AMDOCS LIMITED",
"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)",
"(dollar and share amounts in thousands, except per share data)",
"As of September 30, 2013 and 2012, the unamortized software assets developed for internal use were",
"$68,255 and $57,960, respectively.",
"Note 9 — Goodwill and Intangible Assets, Net",
"The following table presents details of the Company’s total goodwill:",
"As of October 1, 2011 .....................................................",
"$1,739,732",
"Other ..................................................................",
"2,054",
"As of September 30, 2012 ..................................................",
"1,741,786",
"Goodwill resulting from an immaterial acquisition(1) ............................",
"80,193",
"Other ..................................................................",
"(3,645)",
"As of September 30, 2013 ..................................................",
"$1,818,334",
"(1)",
"In allocating the total preliminary purchase price of Actix, based on estimated fair values, the Company",
"recorded $80,193 of goodwill, $2,700 of in-process research and development (indefinite life), $27,200 of",
"core technology amortized over approximately four years, $19,500 of customer relationships amortized over",
"approximately four years and $2,200 of other intangible assets amortized over approximately five years.",
"The following table presents details regarding the Company’s total definite-lived purchased intangible",
"assets:",
"Estimated",
"Useful Life",
"Accumulated",
"(in years)",
"Gross",
"Amortization",
"Net",
"September 30, 2013",
"Core technology ......................................",
"4-8",
"$408,256",
"$(344,251)",
"$ 64,005",
"Customer relationships .................................",
"4-15",
"346,707",
"(267,252)",
"79,455",
"Intellectual property rights and purchased computer software . .",
"—",
"51,996",
"(51,996)",
"—",
"Other ...............................................",
"5-10",
"25,282",
"(14,716)",
"10,566",
"Total ...............................................",
"$832,241",
"$(678,215)",
"$154,026",
"September 30, 2012",
"Core technology ......................................",
"4-8",
"$381,056",
"$(332,322)",
"$ 48,734",
"Customer relationships .................................",
"6-15",
"327,207",
"(245,119)",
"82,088",
"Intellectual property rights and purchased computer software . .",
"—",
"51,996",
"(51,996)",
"—",
"Other ...............................................",
"2-10",
"23,082",
"(12,626)",
"10,456",
"Total ...............................................",
"$783,341",
"$(642,063)",
"$141,278",
"The following table presents the amortization expense of the Company’s definite-lived purchased intangible",
"assets, included in each financial statement caption reported in the consolidated statements of income:",
"Year Ended September 30,",
"2013",
"2012",
"2011",
"Cost of service ..........................................",
"$ 1,609",
"$ 1,609",
"$ 1,609",
"Amortization of definite-lived purchased intangible assets ........",
"34,543",
"50,535",
"65,958",
"Total ..................................................",
"$36,152",
"$52,144",
"$67,567",
"F-24"
] | train |
|
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[
68,
42,
403,
65
],
[
98,
121,
945,
137
],
[
68,
139,
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155
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[
68,
156,
711,
172
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[
68,
209,
305,
222
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[
424,
209,
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222
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[
535,
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[
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[
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587,
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702,
358,
716,
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816,
358,
829,
374
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906,
358,
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473,
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76,
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68,
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76,
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491,
483,
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76,
508,
213,
525
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506,
508,
515,
525
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566,
508,
602,
525
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[
620,
508,
630,
525
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681,
508,
718,
525
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[
735,
508,
744,
525
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795,
508,
831,
525
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[
849,
508,
858,
525
],
[
909,
508,
941,
525
],
[
393,
508,
402,
524
],
[
452,
508,
483,
524
],
[
213,
509,
223,
519
],
[
68,
535,
224,
551
],
[
76,
553,
258,
569
],
[
506,
553,
520,
569
],
[
540,
553,
600,
569
],
[
620,
553,
715,
569
],
[
735,
553,
749,
569
],
[
768,
553,
828,
569
],
[
849,
553,
863,
569
],
[
883,
553,
941,
569
],
[
393,
553,
402,
569
],
[
425,
553,
483,
569
],
[
76,
570,
159,
587
],
[
514,
570,
599,
587
],
[
629,
570,
715,
587
],
[
743,
570,
828,
587
],
[
857,
570,
941,
587
],
[
393,
570,
483,
586
],
[
76,
588,
311,
604
],
[
514,
588,
599,
604
],
[
629,
588,
715,
604
],
[
743,
588,
828,
604
],
[
857,
588,
941,
604
],
[
393,
588,
483,
604
],
[
76,
606,
156,
622
],
[
506,
606,
599,
622
],
[
620,
606,
715,
622
],
[
735,
606,
828,
622
],
[
849,
606,
941,
622
],
[
393,
606,
483,
622
],
[
68,
632,
160,
648
],
[
76,
650,
287,
666
],
[
77,
668,
223,
684
],
[
506,
668,
599,
684
],
[
620,
668,
715,
684
],
[
735,
668,
828,
684
],
[
849,
668,
941,
684
],
[
393,
668,
483,
683
],
[
77,
685,
218,
701
],
[
522,
685,
603,
701
],
[
651,
685,
719,
701
],
[
751,
685,
832,
701
],
[
866,
685,
946,
701
],
[
420,
685,
488,
701
],
[
83,
703,
217,
719
],
[
523,
703,
602,
719
],
[
640,
703,
718,
719
],
[
763,
703,
831,
719
],
[
892,
703,
941,
719
],
[
407,
703,
488,
719
],
[
83,
721,
344,
737
],
[
92,
736,
269,
752
],
[
560,
736,
599,
752
],
[
674,
736,
715,
752
],
[
789,
736,
828,
752
],
[
903,
736,
941,
752
],
[
445,
736,
483,
752
],
[
75,
753,
269,
770
],
[
506,
753,
599,
770
],
[
620,
753,
715,
770
],
[
735,
753,
828,
770
],
[
849,
753,
941,
770
],
[
393,
753,
483,
769
],
[
269,
754,
280,
764
],
[
75,
771,
290,
787
],
[
506,
771,
599,
787
],
[
620,
771,
715,
787
],
[
735,
771,
828,
787
],
[
849,
771,
941,
787
],
[
393,
771,
483,
787
],
[
75,
789,
222,
805
],
[
506,
789,
515,
805
],
[
566,
789,
602,
805
],
[
620,
789,
630,
805
],
[
681,
789,
718,
805
],
[
735,
789,
744,
805
],
[
795,
789,
831,
805
],
[
849,
789,
858,
805
],
[
909,
789,
941,
805
],
[
393,
789,
402,
805
],
[
452,
789,
483,
805
],
[
68,
822,
106,
838
],
[
68,
840,
84,
854
],
[
87,
840,
328,
854
],
[
68,
856,
83,
870
],
[
87,
856,
944,
870
],
[
93,
870,
944,
884
],
[
93,
884,
127,
898
],
[
816,
967,
918,
979
],
[
933,
967,
940,
979
]
] | [
8,
10,
10,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
2,
2,
2,
2,
2,
2,
5,
5
] | [
"SELECTED FINANCIAL DATA ",
"The following tables set forth selected financial data. The selected financial data should be read in conjunction with the financial ",
"statements and notes thereto and with Management’s Discussion and Analysis of Financial Condition and Results of Operations. Other ",
"data we believe is important in understanding trends in our business is also included in the tables.",
"As of or for the Year Ended December 31, ",
"2011 ",
"2010 ",
"2009 ",
"2008 ",
"2007",
"(In thousands, except per share data) ",
"OPERATING DATA:",
"Total consolidated revenue ",
"$ 3,957,630",
"$ 3,775,216",
"$ 3,783,155",
"$ 3,650,799",
"$ 4,306,432",
"Consolidated income from continuing operations ",
"753,514",
"387,262",
"599,560",
"674,605",
"1,245,900",
"Net income available to common stockholders ",
"$ ",
"610,424",
"$ ",
"283,098",
"$ ",
"422,517",
"$ ",
"436,164",
"$ 1,021,462",
"BASIC EARNINGS PER SHARE:",
"Income from continuing operations ",
"$ ",
"2.10",
"$ ",
"1.06",
"$ ",
"1.88",
"$ ",
"2.09",
"$",
"3.48",
"Discontinued operations ",
"—",
"—",
"—",
"(0.13)",
"—",
"Net income attributable to common stockholders ",
"$ ",
"2.10",
"$ ",
"1.06",
"$ ",
"1.88",
"$ ",
"1.96",
"$",
"3.48",
"Weighted average shares outstanding ",
"291,076",
"267,055",
"225,333",
"222,998",
"293,504",
"DILUTED EARNINGS PER SHARE: ",
"Income from continuing operations ",
"$",
"2.10 ",
"$",
"1.05 ",
"$",
"1.87 ",
"$",
"2.08",
"$",
"3.48",
"Discontinued operations ",
"—",
"—",
"—",
"(0.13)",
"—",
"Net income attributable to common stockholders ",
"$ ",
"2.10",
"$ ",
"1.05",
"$ ",
"1.87",
"$ ",
"1.95",
"$",
"3.48",
"Diluted weighted average shares outstanding ",
"291,350",
"268,472",
"225,884",
"223,777",
"293,573",
"Dividends per share ",
"$",
"2.60 ",
"$",
"2.70 ",
"$",
"3.60 ",
"$",
"3.36",
"$",
"3.50",
"(1)",
"BALANCE SHEET DATA: ",
"Cash and cash equivalents ",
"$ ",
"796,718",
"$ 3,957,718",
"$ ",
"773,544",
"$ ",
"501,982",
"$",
"798,650",
"Total assets ",
"24,857,429",
"25,948,266",
"23,422,749",
"23,442,466",
" 26,216,925",
"Mortgages and other indebtedness ",
"17,473,760",
"18,630,302",
"18,042,532",
"17,218,674",
" 18,446,440",
"Total equity ",
"$ 5,633,752",
"$ 5,182,962",
"$ 3,101,967",
"$ 3,414,612",
"$ 5,544,288",
"OTHER DATA: ",
"Cash flow provided by (used in): ",
"Operating activities ",
"$ 1,755,210",
"$ 1,720,520",
"$ 1,635,887",
"$ 1,559,432",
"$ 2,005,887",
"Investing activities ",
"(1,246,695) ",
"(418,991 ) ",
"(1,022,275) ",
"(2,049,576)",
"(994,042)",
"Financing activities ",
"(3,669,515)",
"1,882,645 ",
"(342,050)",
"62,766",
"(1,009,913)",
"Ratio of Earnings to Fixed Charges and ",
"Preferred Stock Dividends ",
"1.44x",
"1.26x",
"1.40x",
"1.44x",
"1.96x",
"Funds from Operations (FFO) ",
"$ 1,770,491",
"$ 1,812,227",
"$ 1,862,851",
"$ 1,691,887",
"$ 2,438,765",
"(2)",
"FFO allocable to Simon Property ",
"$ 1,472,522",
"$ 1,493,245",
"$ 1,485,837",
"$ 1,342,496",
"$ 2,021,850",
"FFO per diluted share ",
"$",
"5.03 ",
"$",
"5.50 ",
"$",
"6.45 ",
"$",
"5.90",
"$",
"6.89",
"Notes",
"(1)",
"Represents dividends declared per period.",
"(2)",
"FFO is a non-GAAP financial measure that we believe provides useful information to investors. Please refer to Management’s Discussion and Analysis of ",
"Financial Condition and Results of Operations for a definition and reconciliation of FFO to consolidated net income and FFO per share to net income per ",
"share.",
"2011 Annual Report ",
"9"
] | train |
|
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[
311,
50,
736,
64
],
[
131,
93,
921,
111
],
[
131,
129,
920,
146
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[
967,
129,
976,
137
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[
131,
164,
313,
182
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[
153,
221,
919,
234
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[
131,
241,
875,
255
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[
131,
261,
763,
275
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[
777,
261,
781,
275
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[
763,
262,
777,
270
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[
153,
282,
884,
295
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[
131,
302,
716,
315
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[
131,
322,
659,
335
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[
131,
342,
298,
356
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[
153,
362,
687,
376
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[
131,
383,
717,
396
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[
131,
403,
679,
416
],
[
131,
423,
610,
436
],
[
153,
443,
714,
457
],
[
131,
463,
638,
477
],
[
131,
484,
700,
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[
131,
504,
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517
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564,
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585,
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625,
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[
131,
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[
153,
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[
131,
686,
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[
131,
706,
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719
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[
153,
726,
906,
739
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[
131,
746,
920,
760
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[
131,
766,
897,
780
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[
131,
787,
432,
800
],
[
153,
807,
775,
820
],
[
131,
862,
631,
873
],
[
131,
877,
672,
888
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[
131,
892,
677,
903
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[
131,
907,
330,
918
],
[
131,
942,
883,
950
],
[
141,
951,
919,
960
],
[
141,
960,
587,
969
]
] | [
8,
10,
10,
6,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
2
] | [
"KENWORTH TRUCK COMPAN Y",
"Kenworth achieved a record 14.1% North American market share in 2011. The Kenworth ",
"T700 Model earned the American Truck Dealers Association’s 2011 “Commercial Truck ",
"",
"of the Year” award. ",
"Kenworth, “The World’s Best,” has won the industry leading J.D. Power customer satisfaction awards 22 times. ",
"In 2011, Kenworth’s dealer service achieved the highest customer satisfaction ranking among truck owners, ",
"according to the J.D. Power and Associates* Heavy Duty Truck Customer Satisfaction Study",
".",
"SM",
"The versatile Kenworth T800 celebrated its 25th anniversary in 2011. Kenworth has produced more than ",
"245,000 T800s since it was introduced in 1986. The T800 delivers excellent durability ",
"and performance — the proven choice as a robust workhorse in heavy-duty ",
"vocational applications. ",
"Kenworth launched a new, fuel-efficient short haul distribution and regional ",
"delivery application for the popular aerodynamic T660, lowering customers’ average ",
"annual fuel costs. A new chassis design improves maneuverability by 10% and ",
"delivers weight savings of 250 pounds to increase customer payloads.",
"Kenworth is the only truck manufacturer to receive the prestigious Environmental ",
"Protection Agency (EPA) Clean Air Excellence award in recognition of its ",
"environmentally leading products. Kenworth continued its industry leadership in ",
"alternative fuel vehicles, diesel-electric hybrids and low-emission diesel engines.",
"Today, more than 1,000 Kenworth diesel-electric hybrids and natural gas vehicles are ",
"operating nationwide and are reducing greenhouse gas emissions by up to 20%.",
"Kenworth unveiled new medium duty Models K270 and K370 to serve an expanded",
"range of customers in the Class 6 – 7 urban delivery market. The spacious and comfortable cabs enhance driver ",
"comfort and provide a 50% visibility improvement. Modern and easy to drive, these new models provide a ",
"55-degree wheel cut for excellent maneuverability. All Kenworth medium duty vehicles are equipped exclusively ",
"with the fuel-efficient PACCAR PX engine.",
"Kenworth’s proprietary “NavPlus” enhances the driving experience for Class 5 – 8 commercial vehicles.",
"NavPlus is the truck industry’s first in-dash computer system designed for truck navigation, real time vehicle data, ",
"hands-free phone, audio and camera controls, roadside assistance and optional Internet access.",
"Kenworth’s “Right Choice” events enabled thousands of visitors to tour Kenworth’s technologically advanced ",
"production facilities in Chillicothe, Ohio, and Renton, Washington, and the PACCAR plant in Ste. Thérèse, Quebec. ",
"Visitors experienced interactive product displays featuring the entire line of new Kenworth models, innovative ",
"technology and the PACCAR engine range. ",
"The Kenworth dealer network expanded to a record 318 locations in the U.S. and Canada.",
"Kenworth leads the industry with innovative, technology-driven products that meet the ",
"challenges of today’s operating environments. Fuel-optimizing aerodynamic design, premium ",
"cab interiors and enhanced engineering details that lead to greater productivity are recognized ",
"characteristics of The World’s Best.",
"* Kenworth received the highest numerical score for heavy-duty truck dealer service in the proprietary J.D. Power and Associates 2011 Heavy Duty Truck Customer Satisfaction",
"Study$^{SM}$. Heavy-Duty study based on 1,651 primary maintainers of 2010 model-year Class 8 heavy-duty trucks and measuring 4 manufacturers. Proprietary study results are based ",
"on experiences and perceptions of primary maintainers surveyed in April-May 2011. www. jdpower.com"
] | train |