EXHIBIT 99.1
CABOT CORPORATION
CONSOLIDATED BALANCE SHEETS
September 30 2002 2001
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Dollars in millions, except per share amounts (unaudited)
Assets
Current assets:
Cash and cash equivalents $ 159 $ 364
Accounts and notes receivable, net of reserve
for doubtful accounts of $4 and $4 304 267
Inventories 435 285
Prepaid expenses and other current assets 41 33
Deferred income taxes 20 19
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Total current assets 959 968
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Investments:
Equity 48 76
Other 32 29
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Total investments 80 105
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Property, plant and equipment 2,019 1,856
Accumulated depreciation and amortization (1,134) (1,049)
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Net property, plant and equipment 885 807
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Other assets:
Goodwill 105 19
Intangible assets, net of accumulated
amortization of $5 and $4 8 2
Deferred income taxes 4 2
Other assets 26 16
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Total other assets 143 39
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Total assets $ 2,067 $ 1,919
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CABOT CORPORATION
CONSOLIDATED BALANCE SHEETS
September 30 2002 2001
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Dollars in millions, except per share amounts (unaudited)
Liabilities and Stockholders' Equity
Current liabilities:
Notes payable to banks $ 40 $ 13
Current portion of long-term debt 5 30
Accounts payable and accrued liabilities 238 243
Deferred income taxes 3 5
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Total current liabilities 286 291
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Long-term debt 495 419
Deferred income taxes 104 94
Other liabilities 170 138
Commitments and contingencies
Minority interest 35 27
Stockholders' equity:
Preferred stock:
Authorized: 2,000,000 shares of $1 par value
Series A Junior Participating Preferred Stock
Issued and outstanding: none
Series B ESOP Convertible Preferred Stock 7.75% Cumulative
Issued: 75,336 shares, outstanding: 56,274 and 59,148 shares
(aggregate redemption value of $56 and $59) 75 75
Less cost of shares of preferred treasury stock (40) (33)
Common stock:
Authorized: 200,000,000 shares of $1 par value
Issued and outstanding: 61,615,503 and 62,633,252 shares 62 63
Less Cost of shares of common treasury stock (6) --
Additional paid-in capital 5 9
Retained earnings 1,120 1,078
Unearned compensation (38) (40)
Deferred employee benefits (51) (54)
Notes receivable for restricted stock (23) (23)
Accumulated other comprehensive loss (127) (125)
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Total stockholders' equity 977 950
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Total liabilities and stockholders' equity $2,067 $1,919
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