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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One):
| x | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2004
OR
| ¨ | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
Commission file number 1-5517
| A. | Full title of the plan and the address of the plan, if different from that of the issuer named below: |
Scientific-Atlanta Inc. Voluntary Employee
Retirement and Investment Plan
| B. | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
Scientific-Atlanta, Inc.
5030 Sugarloaf Parkway
Lawrenceville, Georgia 30044
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REQUIRED INFORMATION
AUDITED FINANCIAL STATEMENTSAND SUPPLEMENTAL SCHEDULE
Scientific-Atlanta, Inc.
Voluntary Employee Retirement and Investment Plan
Years Ended December 31, 2004 and 2003
with Report of Independent Registered Public Accounting Firm
Table of Contents
Voluntary Employee Retirement and Investment Plan
Audited Financial Statements and Supplemental Schedule
Years Ended December 31, 2004 and 2003
Contents
| 1 | ||
Audited Financial Statements | ||
| 2 | ||
| 3 | ||
| 4 | ||
Supplemental Schedule | ||
| 10 | ||
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Report of Independent Registered Public Accounting Firm
The Plan Administrator
Scientific-Atlanta, Inc.
Voluntary Employee Retirement and Investment Plan
We have audited the accompanying statements of net assets available for benefits of Scientific-Atlanta, Inc. Voluntary Employee Retirement and Investment Plan as of December 31, 2004 and 2003, and the related statement of changes in net assets available for benefits for the year ended December 31, 2004. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2004 and 2003, and the changes in its net assets available for benefits for the year ended December 31, 2004, in conformity with U.S. generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2004, is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.
/s/ Ernst & Young LLP
Atlanta, Georgia
June 10, 2005
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Voluntary Employee Retirement and Investment Plan
Statements of Net Assets Available for Benefits
| December 31 | ||||||
| 2004 | 2003 | |||||
Assets | ||||||
Investments, at fair value | $ | 296,574,551 | $ | 256,980,694 | ||
Cash | — | 1,004,368 | ||||
Employer contributions receivable | 2,256,376 | 2,133,557 | ||||
Due from brokers for sale of securities | 1,004,542 | 4,177 | ||||
Total assets | 299,835,469 | 260,122,796 | ||||
Liabilities | ||||||
Due to brokers for purchases of securities | — | 38,712 | ||||
Net assets available for benefits | $ | 299,835,469 | $ | 260,084,084 | ||
See accompanying notes.
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Voluntary Employee Retirement and Investment Plan
Statement of Changes in Net Assets Available for Benefits
For the year ended December 31, 2004
Additions: | ||||
Dividends and interest | $ | 6,878,628 | ||
Contributions: | ||||
Participant deferrals | 13,307,668 | |||
Employer | 7,314,510 | |||
Participant rollovers | 1,725,171 | |||
Net appreciation in fair value of investments | 30,581,379 | |||
Total additions | 59,807,356 | |||
Deductions: | ||||
Benefits paid to participants or beneficiaries | (19,951,051 | ) | ||
Administrative expenses | (104,920 | ) | ||
Total deductions | (20,055,971 | ) | ||
Net increase | 39,751,385 | |||
Net assets available for benefits at beginning of year | 260,084,084 | |||
Net assets available for benefits at end of year | $ | 299,835,469 | ||
See accompanying notes.
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Voluntary Employee Retirement and Investment Plan
Notes to Financial Statements
December 31, 2004
1. Description of the Plan
The following description of the Scientific-Atlanta, Inc. Voluntary Employee Retirement and Investment Plan (the Plan) provides only general information. Participants should refer to the Plan document for complete information.
General
The Plan is a defined contribution plan established by Scientific-Atlanta, Inc. (the Company). The Plan’s assets are held and maintained by Fidelity Management Trust Company (the Trustee). The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended.
Eligibility
All employees of the Company are eligible to participate in the Plan if they are at least 18 years of age, except that the following individuals shall not be eligible to participate: (i) persons, including employees, whom the Company classifies as contingent, temporary, or co-op workers because the Company employs them through a third-party company, (ii) any person rendering services to the Company purportedly as an independent contractor or an employee of a company providing services to the Company (even if the individual is determined to be a common-law employee of the Company entitled to credit for vesting or any other purposes under this Plan) before the date the Company actually begins to withhold federal income taxes from his/her pay, (iii) persons to whom the Company did not extend the opportunity of participating in this Plan and who agreed orally or in writing to such nonparticipant status, (iv) employees whose terms and conditions of employment are governed by a collective bargaining agreement which does not provide for their participation in the Plan and with respect to whom retirement benefits were the subject of good faith bargaining, (v) persons deemed to be employees under Internal Revenue Code (IRC) Section 4.14(o), (vi) persons classified as leased employees, (vii) employees of Scientific-Atlanta Canada, Inc. who perform substantially all of their services for the Company outside the United States, and (viii) nonresident aliens within the meaning of IRC Section 7701(b)(1)(B), unless the Company, at its discretion, includes such nonresident aliens on its United States employee payroll. Eligibility for participation begins immediately upon employment, provided the individual meets the age requirement set forth above and does not fall into any of the categories of persons who are excluded from eligibility to participate by the terms of the Plan.
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Scientific-Atlanta, Inc.
Voluntary Employee Retirement and Investment Plan
Notes to Financial Statements (continued)
1. Description of the Plan (continued)
Contributions and Vesting
Participants may elect to contribute up to 99% of their eligible compensation, as defined by the Plan, subject to limitations imposed by the IRC.
The Company matches 100% of the participant’s contribution up to 3% of his or her annual compensation plus 50% of the participant’s contribution between 3% and 6% of the participant’s annual compensation. The Company’s matching contributions are in the form of Company common stock and are made at the end of each quarter. Participants may redirect such Company contributions to any investment option offered by the Plan as soon as the contribution is credited to their accounts. The Company also makes an additional matching contribution after the end of each Plan year for the amount of quarterly matching contributions that would have been made to the Plan if the participant’s contributions had not ceased due to the imposed IRC limits. The total Company matching contributions for a participant will not be greater than 4.5% of the IRC limit on annual compensation. All contributions are made in the form of the Company’s stock.
In addition, for each participant who is actively employed by the Company on January 1 of a Plan year and who took at least 80 hours of vacation time in the preceding Plan year, other than participants whose principal place of employment is in California, the Company will make a special profit-sharing contribution. The contribution will be equal to an amount (not less than zero) determined by taking the number of hours of vacation earned by the participant as of December 31 of the preceding Plan year in excess of 160 multiplied by the participant’s hourly rate of pay. The Company contributed $302,777 for such vacation hours for the year ended December 31, 2004.
Vesting is immediate for both the participant’s contribution and the Company’s contributions.
The Company may also elect to make discretionary profit-sharing contributions, which shall be determined annually by the Company. A participant is eligible for the discretionary contributions if he or she is an active employee of the Company on the last day of the Plan year and has completed a year of service for such Plan year. A participant’s allocable share of the discretionary contribution is based on the ratio of his or her annual compensation to the annual compensation for all eligible participants for the Plan year. Discretionary profit-sharing contributions vest 20% after the completion of three years of service and 20% each year thereafter. The Company did not elect to make a discretionary contribution for the year ended December 31, 2004.
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Scientific-Atlanta, Inc.
Voluntary Employee Retirement and Investment Plan
Notes to Financial Statements (continued)
1. Description of the Plan (continued)
Participant Accounts
Individual accounts are maintained for each of the Plan’s participants to reflect the participant’s share of the Plan’s income (loss), the Company’s contribution, and the participant’s contribution. Allocations of income (loss) are based on participant account balances, as defined by the Plan.
Investment Funds
All investment elections are participant-directed. Participants may change their investment elections daily with the exception of the Fidelity Scientific-Atlanta Common Stock Fund, in which participants may only change their investment elections once each month.
Distribution of Benefits
Upon discontinuation of service due to termination, death, or disability, a participant or his or her beneficiary may elect to receive an amount equal to the value of the participant’s vested interest in his or her account. The form of payment is a lump-sum cash distribution.
Participant Loans
A participant may borrow a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of his or her vested account balance. Loans are secured by the participant’s account balance and bear interest at a fixed rate over the life of the loan. Repayments of the loans are made in substantially equal payroll deductions amortized over the life of the loan. The loan must be repaid within five years or within ten years for the purchase of a primary residence.
Administrative Expenses
Certain administrative functions are performed by officers or employees of the Company or its subsidiaries, and they act as the Plan administrator. No such officer or employee receives compensation from the Plan. Administrative expenses, such as the asset management fees, are paid by the Plan.
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Scientific-Atlanta, Inc.
Voluntary Employee Retirement and Investment Plan
Notes to Financial Statements (continued)
1. Description of the Plan (continued)
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA and the Plan agreement. If the Plan is terminated, each participant will become 100% vested in their accounts.
2. Summary of Significant Accounting Policies
Basis of Presentation
The accompanying financial statements have been prepared on the accrual basis in accordance with U.S. generally accepted accounting principles.
Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles require the Plan’s management to make estimates that affect the amounts reported in financial statements and accompanying notes. Actual results could differ from these estimates.
Valuation of Investments
Investments in mutual funds and common stock are stated at fair value, based on quoted market prices. Participant loans are recorded at the principal amount outstanding plus accrued interest, which approximates fair value.
The following table summarizes the net appreciation from investments as determined by quoted market prices for the year ended December 31, 2004.
Scientific-Atlanta, Inc. common stock | $ | 18,619,073 | |
Mutual funds | 11,962,306 | ||
| $ | 30,581,379 | ||
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Scientific-Atlanta, Inc.
Voluntary Employee Retirement and Investment Plan
Notes to Financial Statements (continued)
3. Investments
The following table presents the fair values of investments that represent 5% or more of the Plan’s total net assets:
| December 31 | ||||||
| 2004 | 2003 | |||||
Fidelity Managed Income Portfolio II Fund | $ | 29,360,725 | $ | 33,013,271 | ||
Fidelity Equity Income Fund | 27,439,555 | 24,142,292 | ||||
Fidelity Spartan U.S. Equity Index Fund | 27,039,772 | 24,223,635 | ||||
Fidelity Magellan Fund | 35,469,984 | 35,619,087 | ||||
Scientific-Atlanta, Inc. Common Stock | 87,865,167 | 79,844,092 | ||||
Fidelity Intermediate Bond Fund | — | 14,726,567 | ||||
Fidelity Low Priced Stock Fund | 30,227,545 | 22,617,019 | ||||
4. Income Tax Status
The Plan has received a determination letter from the Internal Revenue Service dated May 9, 2001, stating that the Plan is qualified under Section 401(a) of the IRC and, therefore, the related trust is exempt from taxation. Subsequent to the determination by the Internal Revenue Service, the Plan was amended and restated. Once qualified, the Plan is required to operate in conformity with the IRC to maintain its qualification. The Plan administrator believes the Plan is being operated in compliance with the applicable requirements of the IRC and, therefore, believes that the Plan, as amended and restated, is qualified and the related trust is tax-exempt.
5. Party-in-Interest Transactions
The Plan held 2,661,774 and 2,924,692 shares of the Company’s common stock on December 31, 2004 and 2003, respectively. The fair value of this stock at December 31, 2004 and 2003, is $87,865,167 and $79,844,092, respectively.
The Plan offers investments in mutual funds of the Trustee, which qualify as party-in-interest transactions.
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Scientific-Atlanta, Inc.
Voluntary Employee Retirement and Investment Plan
Notes to Financial Statements (continued)
6. Risk and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.
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Supplemental Schedule
Table of Contents
Voluntary Employee Retirement and Investment Plan
EIN: 58-0612397 Plan No.: 002
Schedule H, Line 4i
Schedule of Assets (Held at End of Year)
December 31, 2004
(a) | (b) | (c) | (e) | ||||
Identity of Issue, Borrower Lessor or Similar Party | Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value | Current Value | |||||
* | FIDELITY INVESTMENTS | MANAGED INCOME PORTFOLIO II FUND, 29,360,725 SHARES | $ | 29,360,725 | |||
INTERMEDIATE BOND FUND, 1,242,502 SHARES | 13,071,116 | ||||||
EQUITY INCOME FUND, 519,885 SHARES | 27,439,555 | ||||||
SPARTAN U.S. EQUITY INDEX FUND, 630,886 SHARES | 27,039,772 | ||||||
MAGELLAN FUND, 341,748 SHARES | 35,469,984 | ||||||
PURITAN FUND, 481,024 SHARES | 9,115,412 | ||||||
LOW-PRICED STOCK FUND, 750,995 SHARES | 30,227,545 | ||||||
FIDELITY BLUE CHIP GROWTH, 184,169 SHARES | 7,681,672 | ||||||
FIDELITY SMALL CAP STOCK FUND, 96,944 SHARES | 1,760,503 | ||||||
FIDELITY FREEDOM INCOME, 16,903 SHARES | 190,492 | ||||||
FIDELITY FREEDOM 2000, 16,975 SHARES | 205,057 | ||||||
FIDELITY FREEDOM 2010, 145,875 SHARES | 1,986,818 | ||||||
FIDELITY FREEDOM 2020, 135,485 SHARES | 1,891,366 | ||||||
FIDELITY FREEDOM 2030, 130,913 SHARES | 1,843,259 | ||||||
FIDELITY US BOND INDEX, 95,778 SHARES | 1,066,965 | ||||||
FIDELITY FREEDOM 2040, 90,655 SHARES | 749,714 | ||||||
FIDELITY INT’L GROWTH & INCOME, 103 SHARES | 2,908 | ||||||
FIDELITY JAPAN SMALLER COMPANIES, 698 SHARES | 8,781 | ||||||
FIDELITY DIVERSIFIED INTERNATIONAL, 745 SHARES | 21,326 | ||||||
SPARTAN US EQUITY INDEX, 26 SHARES | 1,110 | ||||||
FIDELITY INTER BOND, 609 SHARES | 6,407 | ||||||
FIDELITY PURITAN, 113 SHARES | 2,145 | ||||||
FIDELITY STRATEGIC INCOME, 482 SHARES | 5,187 | ||||||
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Scientific-Atlanta, Inc.
Voluntary Employee Retirement and Investment Plan
EIN: 58-0612397 Plan No.: 002
Schedule H, Line 4i
Schedule of Assets (Held at End of Year)
December 31, 2004
(a) | (b) | (c) | (e) | |||
Identity of Issue, Borrower Lessor or Similar Party | Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value | Current Value | ||||
FIDELITY BLUE CHIP GROWTH, 26 SHARES | 1,100 | |||||
FIDELITY SELECT DEVELOP COMMUNICATIONS, 58 SHARES | 3,052 | |||||
FIDELITY SELECT MEDICAL DELIVERY, 67 SHARES | 3,005 | |||||
FIDELITY SELECT ENERGY SERVICE, 236 SHARES | 10,058 | |||||
FIDELITY VALUE, 40 SHARES | 2,819 | |||||
FIDELITY CASH RESERVES | 89,386 | |||||
SPARTAN INTL INDX, 46,040 SHARES | 1,474,203 | |||||
* | SCIENTIFIC-ATLANTA, INC. | COMMON STOCK, 2,661,774 SHARES | 87,865,167 | |||
MERRILL LYNCH | ML SMALL CAP INEX I, 41,996 SHARES | 592,137 | ||||
ARTISAN PARTNERS LIMITED PARTNERSHIP | ARTISAN MID CAP INV, 49,267 SHARES | 1,456,342 | ||||
LORD ABBETT &COMPANY | LD ABBETT MIDCOVAL, 184,185 SHARES | 4,168,101 | ||||
FRANKLIN TEMPLETON | TEMPLETON FOREIGN FUND, 628,258 SHARES | 7,727,573 | ||||
ALLIANCE CAPITAL | ALLIANCE BERNSTEIN INTERNAL VALUE ADV, 2,173 SHARES | 35,917 | ||||
ARIEL MUTUAL FUNDS | ARIEL FUND, 53 SHARES | 2,779 | ||||
BUFFALO FUNDS | BUFFALO BALANCED FUND, 269 SHARES | 2,707 | ||||
GABELLI WESTWOOD | GABELLI UTILITIES, 331 SHARES | 2,766 | ||||
OAKMARK FAMILY OF FUNDS | OAKMARK EQUITY & INCOME FD, 457 SHARES | 10,742 | ||||
HUSSMAN INVESTMENT TRUST | HUSSMAN STRATEGIC GROWTH, 164 SHARES | 2,522 | ||||
INTERNET HOLDERS TRUST | THE INTERNET NEW PARADIGM, 136 SHARES | 2,385 | ||||
PIMCO | PIMCO VALUE CLASS D, 154 SHARES | 2,728 | ||||
PIMCO | PIMCO FOREIGN BOND FUND CLD (UNHEDGED), 270 SHARES | 3,036 | ||||
PIMCO | PIMCO COMMODITY REAL RETURN CL D, 173 SHARES | 2,566 | ||||
RS INVESTMENT TRUST | RS GLOBAL NATURAL RESOURCES, 1,310 SHARES | 32,383 |
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Scientific-Atlanta, Inc.
Voluntary Employee Retirement and Investment Plan
EIN: 58-0612397 Plan No.: 002
Schedule H, Line 4i
Schedule of Assets (Held at End of Year)
December 31, 2004
(a) | (b) | (c) | (e) | |||
Identity of Issue, Borrower Lessor or Similar Party | Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value | Current Value | ||||
| STRONG | STRONG MID CAP DISCIPLINED, 124 SHARES | 2,762 | ||||
| TOCQUEVILLE TRUST | TOCQUEVILLE GOLD FUND, 445 SHARES | 14,710 | ||||
| AU OPTRONICS CORPORATION | AU OPTRONICS CORP, 800 SHARES | 11,456 | ||||
| AXM PHARMA INC | AXM PHARMA INC COM, 1,500 SHARES | 5,070 | ||||
| ABERDEEN AUSTRALIA INC | ABERDEEN AUSTRALIA EQUITY FD INC, 200 SHARES | 2,330 | ||||
| AIRNET COMMUNICATION CORP | AIRNET COMMUNICATIONS CORP, 100 SHARES | 299 | ||||
| AKAMAI TECHNOLOGIES INC | AKAMAI TECH NFS LLC IS A MARKET, 39 SHARES | 508 | ||||
| ANDREW CORP | ANDREW CORP, 300 SHARES | 4,089 | ||||
| ARADIGM CORP | ARADIGM CORP, 240 SHARES | 415 | ||||
| ART TECHNOLOGY GROUP INC | ART TECHNOLOGY GRP INC, 340 SHARES | 510 | ||||
| AUTOBYTEL.COM | AUTOBYTEL INC, 100 SHARES | 604 | ||||
| BRISTOL-MYERS SQUIBB | BRISTOL-MYERS SQUIBB NFS LLC IS A, 504 SHARES | 12,916 | ||||
| CENTRAL FUND OF CANADA LTD | CENTRAL FD CDA CL A, 2,000 SHARES | 10,940 | ||||
| CHARTER COMMUNICATIONS, INC | CHARTER COMM INC DEL CL A, 6,700 SHARES | 15,008 | ||||
| CISCO SYSTEMS, INC | CISCO SYS INC NFS LLC IS A MARKET, 100 SHARES | 1,932 | ||||
| BELLSOUTH | CORTS TR II BELLSOUTH DEBS CORP, 100 SHARES | 2,590 | ||||
| DOUBLECLICK, INC | DOUBLECLICK INC NFS LLC IS A MARKET, 700 SHARES | 5,446 | ||||
| DUKE ENERGY CORP | DUKE ENERGY CORP. FORMERLY DUKE POWER, 478 SHARES | 12,095 | ||||
| EBAY, INC | EBAY INC NFS LLC IS A MARKET, 50 SHARES | 5,817 | ||||
| EMAGIN CORP | EMAGIN CORP, 4,400 SHARES | 5,236 | ||||
| ERESEARCH TECHNOLOGY INC | ERESEARCH TECHNOLOGY INC, 90 SHARES | 1,427 | ||||
| ESCALON MEDICAL CORP | ESCALON MEDICAL CORP, 300 SHARES | 2,580 |
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Scientific-Atlanta, Inc.
Voluntary Employee Retirement and Investment Plan
EIN: 58-0612397 Plan No.: 002
Schedule H, Line 4i
Schedule of Assets (Held at End of Year)
December 31, 2004
(a) | (b) | (c) | (e) | |||
Identity of Issue, Borrower Lessor or Similar Party | Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value | Current Value | ||||
| FEI COMPANY | FEI COMPANY NFS LLC IS A MARKET, 100 SHARES | 2,100 | ||||
| FARA TECHNOLOGIES, INC. | FARO TECHNOLOGIES INC, 25 SHARES | 780 | ||||
| FLAHERTY & CRUMRINE | FLAHERTY & CRUMRINE /CLAYMORE PFD SECS, 308 SHARES | 8,005 | ||||
| FLAHERTY & CRUMRINE | FLAHERTY CRUMINE/ CLAYMORE TOTAL, 103 SHARES | 2,565 | ||||
| FLAMEL TECHNOLOGIES S.A. | FLAMEL TECH SA ADR ISIN #US3384881096, 96 SHARES | 1,871 | ||||
| FORDING CDN COAL | FORDING CDN COAL TR UNIT, 8 SHARES | 617 | ||||
| FOREST LAB CL A | FOREST LABORATORIES INC, 100 SHARES | 4,486 | ||||
| FORMFACTOR INC. | FORMFACTOR INC, 88 SHARES | 2,388 | ||||
| GENERAL ELECTRIC CO | GENERAL ELECTRIC CO NFS IS A SPECIALIST, 100 SHARES | 3,650 | ||||
| HARMONY GOLD MINING CO | HARMONY GOLD MINING CO LTD SPON ADR, 1,000 SHARES | 9,270 | ||||
| HASBRO INC. | HASBRO INC, 2,000 SHARES | 38,760 | ||||
| INTEL CORPORATION | INTEL CORP NFS LLC IS A MARKET, 101 SHARES | 2,351 | ||||
| INTERNATIONAL BUSINESS MACHINES (IBM) | INTL BUSINESS MACH NFS IS A SPECIALIST, 50 SHARES | 4,959 | ||||
| JP MORGAN CHASE & CO | J P MORGAN CHASE & CO, 255 SHARES | 9,931 | ||||
| JAMES RIVER COAL COMPANY NEW | JAMES RIV COAL CO COM NEW, 12 SHARES | 508 | ||||
| JOHNSON & JOHNSON | JOHNSON & JOHNSON NFS IS A SPECIALIST, 188 SHARES | 11,905 | ||||
| LANNETT INC | LANNETT INC, 200 SHARES | 1,970 | ||||
| LUCENT TECHNOLOGIES | LUCENT TECH INC NFS IS A SPECIALIST, 480 SHARES | 1,805 | ||||
| LUMINA CORP | LUMINA COPPER CORP ISIN #CA55025R1055., 1,000 SHARES | 4,800 | ||||
| MEDTRONIC INC | MEDTRONIC INC NFS IS A SPECIALIST, 100 SHARES | 4,991 | ||||
| MICROSOFT CORP | MICROSOFT CORP NFS LLC IS A MARKET, 229 SHARES | 6,107 | ||||
| MICRONETIC INC. | MICRONETICS WIRELESS INC, 270 SHARES | 2,214 |
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Scientific-Atlanta, Inc.
Voluntary Employee Retirement and Investment Plan
EIN: 58-0612397 Plan No.: 002
Schedule H, Line 4i
Schedule of Assets (Held at End of Year)
December 31, 2004
(a) | (b) | (c) | (e) | |||
Identity of Issue, Borrower Lessor or Similar Party | Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value | Current Value | ||||
| MORGAN STANLEY | MORGAN STANLEY INDIA INVT FD INC, 405 SHARES | 12,551 | ||||
| NANOMETRICS INC | NANOMETRICS INC, 113 SHARES | 1,821 | ||||
| NASDAQ 100 INDEX TIERS | NASDAQ 100 TR UNIT SER, 50 SHARES | 2,015 | ||||
| NEWMONT MNG CORP | NEWMONT MNG CORP NFS IS A SPECIALIST, 252 SHARES | 11,168 | ||||
| NORTEL NETWORKS CP HOLDING | NORTEL NETWORKS CORP NEW HOLDING CO, 5,575 SHARES | 19,345 | ||||
| NORTHERN ORION RES INC | NORTHERN ORION RES INC COM, 1000 SHARES | 2,910 | ||||
| NOVAGOOD RESOURCES, INC | NOVAGOLD RESOURCES, 1,200 SHARES | 9,300 | ||||
| NUVEEN PFD & CONV INCOME | NUVEEN PFD & CONV INCOME FD 2 COM SHS, 104 SHARES | 1,438 | ||||
| OMNIVISION TECHNOLOGIES | OMNIVISION TECHNOLOGIES INC, 1,000 SHARES | 18,350 | ||||
| PACIFIC SUNWEAR CALIF INC. | PACIFIC SUNWEAR CALIF INC, 2,000 SHARES | 44,520 | ||||
| PINE VALLEY MINING CORP | PINE VALLEY MINING CORP, 70 SHARES | 396 | ||||
| PIONEER NATURAL RESOURCES EXPLORATION | PIONEER NATURAL RESOURCES CO, 18 SHARES | 634 | ||||
| PIXAR INC. | PIXAR INC, 25 SHARES | 2,140 | ||||
| PRIDE INTL INC | PRIDE INTL INC DEL, 33 SHARES | 678 | ||||
| SONUS NETWORKS INC | SONUS NETWORKS INC NFS LLC IS A MARKET, 90 SHARES | 516 | ||||
| STRYKER CORP NFS LLS | STRYKER CORP NFS LLC IS A, 104 SHARES | 5,018 | ||||
| SUN MICROSYSTEMS | SUN MICROSYSTEMS INC NFS LLC IS A MARKET, 1,800 SHARES | 9,702 | ||||
| SUNGARD DATA SYSTEMS | SUNGARD DATA SYS INC, 1,700 SHARES | 48,161 | ||||
| TEXAS INSTRUMENTS INC. | TEXAS INSTRUMENTS INC, 100 SHARES | 2,469 | ||||
| VI GROUP PI ADR | II VI INC, 290 SHARES | 12,322 | ||||
| VEECO INSTRUMENTS INC | VEECO INSTRUMENTS INC, 70 SHARES | 1,475 | ||||
| WACHOVIA CORP | WACHOVIA CORP 2ND NEW, 345 SHARES | 18,157 |
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Scientific-Atlanta, Inc.
Voluntary Employee Retirement and Investment Plan
EIN: 58-0612397 Plan No.: 002
Schedule H, Line 4i
Schedule of Assets (Held at End of Year)
December 31, 2004
(a) | (b) | (c) | (e) | ||||
Identity of Issue, Borrower Lessor or Similar Party | Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value | Current Value | |||||
| WAL-MART STORES INC | WAL-MART STORES INC NFS IS A SPECIALIST, 169 SHARES | 8,927 | |||||
| WASHINGTON MUTUAL INC | WASHINGTON MUTUAL INC, 230 SHARES | 9,709 | |||||
| FORD | CORTS-FORD 7.40% PFD DUE 11/01/2046, 100 SHARES | 2,545 | |||||
| FIRST UNION | CORTS TR II FIRST UN CAP I CORP BKD TR, 100 SHARES | 2,690 | |||||
| GENERAL MOTORS | GENERAL MOTORS PFD 7.375%, 100 SHARES | 2,526 | |||||
| TOMMY HILFIGER USA INC | TOMMY HILFIGER USA INC PFD, 200 SHARES | 5,120 | |||||
| PHOENIX COS | PHOENIX COS INC NEW QUARTERLY INT BD, 100 SHARES | 2,556 | |||||
| DAIMLER-CHRYSLER | PPLUS TR SER VAL 1 TR CTF CL, 100 SHARES | 2,650 | |||||
| BELLSOUTH | SATURNS AON CAP TR SER A 2002 1 TR UNIT, 100 SHARES | 2,536 | |||||
| AGREE REALTY CORP | AGREE RLTY CORP, 290 SHARES | 9,189 | |||||
| ANNALY MORTGAGE MANAGEMENT INC. | ANNALY MORTGAGE MANAGEMENT INC, 673 SHARES | 13,194 | |||||
| EQUITY RESIDENTIAL PROPERTIES | EQUITY RESIDENTIAL PROPERTIES, 100 SHARES | 3,618 | |||||
* | PARTICIPANT LOANS | INTEREST RATES RANGE 5% TO 5.75% | 3,398,147 | ||||
| $ | 296,574,551 | ||||||
| * | Indicates a party-in-interest to the Plan |
Note: Column (d) has not been presented, as that information is not required.
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SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
Scientific-Atlanta, Inc. Voluntary Employee Retirement and Investment Plan and Trust | ||
| By: | Scientific-Atlanta, Inc. | |
| Employee Benefit Committee | ||
| By: | /s/ Brian C. Koenig | |
| Name: | Brian C. Koenig | |
| Title: | Senior Vice President, Human Resources | |
Date: June 27, 2005
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Exhibit Index
23.1 Consent of Ernst & Young LLP