Exhibit 99.4
CAPITALIZATION
The following table sets forth, as of September 30, 2004, our actual historical cash and capitalization and our cash and capitalization as adjusted to give pro forma effect to this offering and the entering into of the 2004 Credit Facility and the application of the net proceeds from the offering and the 2004 Credit Facility as described in “Use of Proceeds”.
You should read this table along with our audited and unaudited consolidated financial statements and related notes and the other financial information incorporated by reference in this offering memorandum. The following table assumes that the initial purchasers do not exercise their option to purchase additional Debentures.
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| | | As of September 30, 2004
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| | | Actual
| | | As Adjusted
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| | | (in thousands, except share
amounts) | |
Cash and cash equivalents | | $ | 149,040 | | | $ | 149,040 | |
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Short-term debt: | | | | | | | | |
Existing revolving credit facility | | | 100,000 | | | | — | |
2004 Credit Facility | | | — | | | | 14,000 | |
Yen-denominated line of credit | | | 9,075 | | | | 9,075 | |
Yen-denominated term loan (January 31, 2003) | | | 6,070 | | | | 6,070 | |
Yen-denominated term loan (June 30, 2003) | | | 3,035 | | | | 3,035 | |
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Total Short-term debt: | | | 118,180 | | | | 32,180 | |
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Long-term debt: | | | | | | | | |
Senior notes | | | 220,000 | | | | — | |
Yen-denominated term loan (January 31, 2003) | | | 2,995 | | | | 2,995 | |
Yen-denominated term loan (June 30, 2003) | | | 3,017 | | | | 3,017 | |
Convertible subordinated debentures offered hereby | | | — | | | | 350,000 | |
Other | | | 909 | | | | 909 | |
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Total Long-term debt: | | | 226,921 | | | | 356,921 | |
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Stockholders’ equity: | | | | | | | | |
Preferred Stock, $.01 par value; 10,000,000 shares authorized | | | — | | | | — | |
Common Stock, $.01 par value; 1,000,000,000 shares authorized, 202,979,214 shares issued and 199,166,964 shares outstanding on September 30, 2004 | | | 2,020 | | | | 2,020 | |
Additional paid-in capital | | | 1,140,678 | | | | 1,140,678 | |
Accumulated deficit | | | (129,057 | ) | | | (142,662 | ) |
Notes receivable from stockholders | | | (9,028 | ) | | | (9,028 | ) |
Accumulated other comprehensive income | | | 212,109 | | | | 212,109 | |
Treasury stock, at cost (3,812,250 shares) | | | (35,727 | ) | | | (35,727 | ) |
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Total stockholders’ equity | | | 1,180,995 | | | | 1,167,390 | |
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Total capitalization | | $ | 1,526,096 | | | $ | 1,556,491 | |
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As of November 30, 2004, borrowings under our existing revolving credit facility had increased to $135,000 and cash and cash equivalents had increased to $151,856. As a result, as of November 30, 2004, after giving effect to this offering and the application of the net proceeds from the offering and the 2004 Credit Facility as described in “Use of Proceeds”, there would be approximately $49,000 outstanding under the 2004 Credit Facility, $423,745 of total debt and $151,856 of cash and cash equivalents.
