FMC Corporation (Chemicals Operations) Exhibit 99a
Business Segment Data
Pro Forma Basis
(In millions, except per share data)
2000 2001
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Q1 Q2 Q3 Q4 Full Year Q1
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Revenue:
Agricultural Products $ 165.8 $ 184.6 $ 181.4 $ 132.9 $ 664.7 $ 134.6
Specialty Chemicals 124.9 126.4 114.9 122.6 488.8 116.3
Industrial Chemicals 273.8 207.1 211.9 212.8 905.6 198.6
Eliminations (2.8) (2.6) (2.2) (1.4) (9.0) (2.3)
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Total Revenue $ 561.7 $ 515.5 $ 506.0 $ 466.9 $ 2,050.1 $ 447.2
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Income from continuing operations:
Agricultural Products $ 13.9 $ 36.9 $ 28.8 $ 8.2 $ 87.8 $ 13.8
Specialty Chemicals 19.5 25.6 21.8 25.5 92.4 20.0
Industrial Chemicals 34.5 28.5 29.7 21.8 114.5 14.4
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Total segment operating profit 67.9 91.0 80.3 55.5 294.7 48.2
Corporate expenses (A) (9.1) (8.9) (9.0) (9.1) (36.1) (8.4)
Other expense, net (B) (5.3) 5.0 4.5 5.4 9.6 (2.5)
Net interest income (expense) (C) (16.1) (16.1) (16.1) (16.1) (64.2) (16.1)
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Total income from continuing operations
before income taxes 37.5 71.1 59.8 35.8 204.0 21.3
Income tax expense (D) (8.9) (16.8) (14.2) (8.5) (48.3) (5.0)
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Income from continuing operations
after income taxes $ 28.6 $ 54.2 $ 45.6 $ 27.3 $ 155.7 $ 16.2
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EPS (E) $ 0.88 $ 1.68 $ 1.41 $ 0.84 $ 4.82 $ 0.50
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(A) Corporate expenses primarily include staff expenses.
(B) Other expense, net consists of all other corporate items, including LIFO
inventory adjustments and pension income or expense.
(C) Pro forma interest expense includes $2.4 million from external financing of
the phosphorus joint venture in 2000 and is based on average net debt of
$790 million.
(D) Income tax rate constant at 23.7%.
(E) Diluted shares outstanding constant at 32.3 million.
Note: Analysis excludes the impact of special charges and the cumulative effect
of a change in accounting principle.