Exhibit 99.1 | |||||||||
INGERSOLL-RAND COMPANY LIMITED | |||||||||
Consolidated Income Statement | |||||||||
Fourth Quarter and Twelve Months | |||||||||
(In millions except per share amounts) | |||||||||
UNAUDITED | |||||||||
Three Months | Twelve Months | ||||||||
Ended December 31, | Ended December 31, | ||||||||
2003 | 2002 | 2003 | 2002 | ||||||
Revenues | $ 2,665.9 | $ 2,428.6 | $ 9,876.2 | $ 8,891.0 | |||||
Cost of goods sold | 1,973.3 | 1,854.4 | 7,471.0 | 6,786.6 | |||||
Selling & administrative expenses | 428.7 | 394.0 | 1,538.3 | 1,423.9 | |||||
Restructuring charges | (1.3) | 15.3 | (3.2) | 41.9 | |||||
Operating income | 265.2 | 164.9 | 870.1 | 638.6 | |||||
Interest expense | (40.1) | (53.3) | (176.5) | (230.3) | |||||
Other income/(expense) | 2.0 | (4.3) | (5.9) | (25.2) | |||||
Earnings before taxes | 227.1 | 107.3 | 687.7 | 383.1 | |||||
Provision for taxes | 31.1 | (18.7) | 94.2 | 17.5 | |||||
Earnings from continuing operations | 196.0 | 126.0 | 593.5 | 365.6 | |||||
Discontinued operations, net of tax | 1.4 | 57.4 | 51.0 | 95.4 | |||||
Earnings before cumulative effect | |||||||||
of change in accounting principle | 197.4 | 183.4 | 644.5 | 461.0 | |||||
Cumulative effect of change in | |||||||||
accounting principle, net of tax | - | - | - | (634.5) | |||||
Net earnings/(loss) | $ 197.4 | $ 183.4 | $ 644.5 | $ (173.5) | |||||
Basic earnings per share | |||||||||
- Continuing operations | $ 1.13 | $ 0.74 | $ 3.47 | $ 2.16 | |||||
- Discontinued operations | $ 0.01 | 0.34 | $ 0.30 | 0.57 | |||||
- Change in accounting principle | $ - | - | $ - | (3.76) | |||||
$ 1.14 | $ 1.08 | $ 3.77 | $ (1.03) | ||||||
Diluted earnings per share | |||||||||
- Continuing operations | $ 1.11 | $ 0.74 | $ 3.44 | $ 2.15 | |||||
- Discontinued operations | $ 0.01 | 0.34 | $ 0.30 | 0.56 | |||||
- Change in accounting principle | $ - | - | $ - | (3.73) | |||||
$ 1.12 | $ 1.08 | $ 3.74 | $ (1.02) | ||||||
Average number of common | |||||||||
shares outstanding: | |||||||||
Basic | 173.7 | 169.2 | 171.1 | 168.9 | |||||
Diluted | 175.8 | 170.0 | 172.4 | 170.2 | |||||
SEE ATTACHED RELEASE FOR ADDITIONAL INFORMATION |
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8-K Filing
Ingersoll-Rand Inactive 8-KFinancial statements and exhibits
Filed: 27 Jan 04, 12:00am