Exhibit 99.3
THE MANITOWOC COMPANY, INC.
AND SUBSIDIARIES
Schedule II: Valuation and Qualifying Accounts
For The Years Ended December 31, 2001, 2002, and 2003
(dollars in thousands)
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| Balance at |
| Acquisitions |
| Charged to |
| Deductions |
| Balance at |
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Year Ended December 31, 2001 |
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Allowance for doubtful accounts |
| $ | 3,037 |
| $ | 6,433 |
| $ | (816 | ) | $ | (359 | ) | $ | 8,295 |
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Inventory obsolesence reserve |
| $ | 9,315 |
| $ | 8,775 |
| $ | (1,064 | ) | $ | (2,065 | ) | $ | 14,961 |
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Deferred tax asset valuation allowance |
| $ | — |
| $ | 3,951 |
| $ | — |
| $ | — |
| $ | 3,951 |
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Year Ended December 31, 2002 |
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Allowance for doubtful accounts |
| $ | 8,295 |
| $ | 31,793 |
| $ | 5,147 |
| $ | (2,079 | ) | $ | 43,156 |
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Inventory obsolesence reserve |
| $ | 14,961 |
| $ | 30,668 |
| $ | 5,668 |
| $ | (7,563 | ) | $ | 43,734 |
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Deferred tax asset valuation allowance |
| $ | 3,951 |
| $ | — |
| $ | — |
| $ | (1,907 | ) | $ | 2,044 |
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Year Ended December 31, 2003 |
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Allowance for doubtful accounts |
| $ | 43,156 |
| $ | 2,089 |
| $ | 2,674 |
| $ | (23,500 | ) | $ | 24,419 |
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Inventory obsolesence reserve |
| $ | 43,734 |
| $ | 459 |
| $ | 4,824 |
| $ | (8,718 | ) | $ | 40,299 |
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Deferred tax asset valuation allowance |
| $ | 2,044 |
| $ | (1,021 | ) | $ | 1,271 |
| $ | (736 | ) | $ | 1,558 |
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(1) Deductions represent inventories and bad debts written - off, net of recoveries, and the effect of utilization of a portion of the foreign operating loss carryforwards.