| Address:
|
150 N ORANGE GROVE BLVD
|
| City: |
PASADENA |
|
State: |
CA |
|
Zip Code: |
91103 |
| Telephone: |
626-304-2000 |
|
Description of Business
|
Primary SIC Code:
2670 |
| (As filed with the SEC)
|
|
|
Avery Dennison Corporation ("Avery Dennison," the "Company," "Registrant,"
"Issuer," which may be referred to as "we" or "us") was incorporated in 1977 in
the state of Delaware as Avery International Corporation, the successor
corporation to a California corporation of the same name, which was incorporated
in 1946. In 1990, the Company merged one of its subsidiaries into Dennison
Manufacturing Company ("Dennison"), as a result of which Dennison became a
wholly-owned subsidiary of the Company, and in connection with which Company's
name was changed to Avery Dennison Corporation. Our homepage on the internet is
www.averydennison.com and you can learn more about us by visiting our Web site.
Our Web site address provided in this annual report on Form 10-K is not intended
to function as a hyperlink and the information on our Web site is not and should
not be considered part of this report and is not incorporated by reference in
this document. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2009 | -7.21 | 0.200 | N/E | | 09/2009 | -7.29 | 0.200 | N/E | | 06/2009 | -7.33 | 0.410 | N/E | | 03/2009 | -6.98 | 0.410 | N/E | | 12/2008 | 2.70 | 0.410 | 12.12 | | 09/2008 | 3.06 | 0.410 | 14.54 | | 06/2008 | 3.02 | 0.410 | 14.55 | | 03/2008 | 2.96 | 0.410 | 16.64 |
Key Financial Ratios and Statistics |
FYE:
01/02 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -2.97 | Total Liab/Total Assets | 0.73 | | Net Inc/Total Assets | -0.15 | Total Liab/Inv Cap | 1.40 | | Net Inc/Inv Cap | -0.29 | Total Liab/Comm Equity | 14.49 | | Pretax Inc/Net Sales | -0.13 | Interest Coverage Ratio | -8.27 | | Net Inc/Net Sales | -0.13 | Curr Debt/Equity | 0.39 | | Cash Flow/Net Sales | 0.10 | LTD/Equity | 0.80 | | SG&A/NetSales | 0.21 | Total Debt/Equity | 1.19 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 5.60 | Quick Ratio | 0.67 | | Inventory Turnover | 8.23 | Current Ratio | 0.93 | | Inventory Day Sales | 0.03 | Net Rec/Curr Assets | 0.59 | | Net Sales/Work Cap | -44.26 | Inv/Curr Assets | 0.28 | | Net Sales/PP&E | 4.39 | | |
Income Statement (Millions) |
| |
1/2/2010
|
10/3/2009
|
7/4/2009
|
4/4/2009
|
|
Total Revenues(Net Sales)
|
1,521.80
|
1,549.30
|
1,455.40
|
1,426.20
|
|
Cost of Goods Sold
|
1,106.70
|
1,113.30
|
1,065.10
|
1,081.10
|
|
Selling & Admin Exps
|
341.40
|
323.10
|
202.80
|
401.50
|
|
Operating Income
|
73.70
|
239.80
|
60.60
|
-888.40
|
|
Interest Exp
|
18.30
|
19.10
|
20.40
|
27.50
|
|
Pretax Income
|
26.50
|
58.30
|
40.20
|
-915.90
|
|
Other Income
|
-28.90
|
-162.40
|
NA
|
NA
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
49.90
|
62.50
|
39.80
|
-898.90
|
|
Assets
|
1/2/2010
|
10/3/2009
|
7/4/2009
|
4/4/2009
|
|
Cash & Short Term Investments
|
138.10
|
91.90
|
91.90
|
83.00
|
|
Receivables - Total
|
1,022.10
|
1,116.60
|
1,079.10
|
962.70
|
|
Inventories - Total
|
477.30
|
511.80
|
518.40
|
533.40
|
|
Total Current Assets
|
1,733.20
|
1,824.30
|
1,794.10
|
1,689.20
|
|
Net Property, Plant & Equipment
|
1,354.70
|
1,393.30
|
1,404.00
|
1,399.40
|
|
Total Assets
|
5,002.80
|
5,094.60
|
5,043.20
|
4,864.90
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
1,332.10
|
704.70
|
642.90
|
584.40
|
|
Debt in Current Liabilities
|
535.60
|
669.40
|
791.60
|
812.40
|
|
Total Current Liabilities
|
1,867.70
|
1,988.30
|
2,016.10
|
1,946.40
|
|
Long-Term Debt
|
1,088.70
|
1,115.70
|
1,134.90
|
1,139.20
|
|
Total Liabilities
|
3,640.20
|
3,794.60
|
3,841.90
|
3,777.70
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
124.10
|
124.10
|
124.10
|
124.10
|
|
Retained Earnings
|
1,499.70
|
1,472.40
|
1,432.70
|
1,438.70
|
|
Treasury Stock
|
-595.80
|
-570.80
|
-570.80
|
-571.00
|
|
Total Stockholders' Equity
|
1,362.60
|
1,300.00
|
1,201.30
|
1,087.20
|
|
Total Liabilities and Stockholders' Equity
|
5,002.80
|
5,094.60
|
5,043.20
|
4,864.90
|
Cash Flow Summary (Millions) |
|
Categories
|
1/2/2010
|
10/3/2009
|
7/4/2009
|
4/4/2009
|
|
Net Cash Provided by Operating Activities
|
252.10
|
184.10
|
116.80
|
16.00
|
|
Net Cash Provided by Investing Activities
|
-35.00
|
-21.30
|
-26.90
|
-22.60
|
|
Net Cash Provided by Financing Activities
|
-171.10
|
-164.20
|
-82.70
|
-14.70
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 01/2005 | 5,473.50 | 226.40 | 2.78 | | 01/2006 | 5,575.90 | 367.20 | 2.90 | | 01/2007 | 6,307.80 | 303.50 | 3.51 | | 01/2008 | 6,710.40 | 266.10 | 3.07 | | 01/2010 | 5,952.70 | -746.70 | -7.21 | | Growth Rates | 2.12 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 395 | 95,537 | 85.26 |
|
Report Date :
3/15/2010
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