| Address:
|
P O BOX 500
1100 MILWAUKEE AVENUE |
| City: |
SOUTH MILWAUKEE |
|
State: |
WI |
|
Zip Code: |
53172-0500 |
| Telephone: |
414-768-4000 |
|
Description of Business
|
Primary SIC Code:
3532 |
| (As filed with the SEC)
|
|
|
On February 19, 2010, we completed the acquisition of the mining equipment
business ("Terex Mining") of Terex Corporation for $1.0 billion in cash and
5,809,731 shares of our common stock, subject to certain post-closing net
assets, net debt and other adjustments. Terex Mining is a worldwide manufacturer
of hydraulic excavators, off-highway haul trucks and drills, which are
complementary to our existing product lines. As a result of this acquisition, we
have significantly expanded our product portfolio, which will allow us to
compete in a larger portion of the mining machinery market. We believe that this
expanded product portfolio will make us the premier supplier of mining
equipment.
Also on February 19, 2010, we entered into an amendment to our existing credit
agreement to provide for an additional new secured term loan of $1.0 billion and
$167. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2010 | 3.63 | 0.025 | 13.07 | | 03/2010 | 3.81 | 0.025 | 17.32 | | 12/2009 | 4.12 | NA | 13.68 | | 09/2009 | 3.92 | 0.025 | 9.08 | | 06/2009 | 3.57 | 0.025 | 8.00 | | 03/2009 | 3.31 | 0.025 | 4.59 | | 12/2008 | 3.10 | NA | 5.97 | | 09/2008 | 3.09 | 0.025 | 14.46 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | 0.45 | Total Liab/Total Assets | 0.50 | | Net Inc/Total Assets | 0.12 | Total Liab/Inv Cap | 0.63 | | Net Inc/Inv Cap | 0.15 | Total Liab/Comm Equity | 1.96 | | Pretax Inc/Net Sales | 0.17 | Interest Coverage Ratio | 17.56 | | Net Inc/Net Sales | 0.12 | Curr Debt/Equity | 0.01 | | Cash Flow/Net Sales | 0.05 | LTD/Equity | 0.37 | | SG&A/NetSales | 0.10 | Total Debt/Equity | 0.37 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 3.59 | Quick Ratio | 1.64 | | Inventory Turnover | 2.97 | Current Ratio | 2.75 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.51 | | Net Sales/Work Cap | 2.68 | Inv/Curr Assets | 0.40 | | Net Sales/PP&E | 5.15 | | |
Income Statement (Millions) |
| |
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Total Revenues(Net Sales)
|
868.67
|
607.53
|
645.82
|
675.77
|
|
Cost of Goods Sold
|
622.16
|
432.24
|
439.51
|
451.92
|
|
Selling & Admin Exps
|
88.11
|
87.13
|
74.07
|
71.41
|
|
Operating Income
|
128.49
|
65.92
|
115.49
|
136.57
|
|
Interest Exp
|
18.90
|
11.06
|
6.69
|
6.80
|
|
Pretax Income
|
108.15
|
54.37
|
109.99
|
130.82
|
|
Other Income
|
-1.44
|
-0.49
|
1.19
|
1.05
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
73.21
|
35.01
|
81.46
|
92.07
|
|
Assets
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Cash & Short Term Investments
|
279.48
|
241.93
|
101.08
|
143.50
|
|
Receivables - Total
|
816.51
|
750.58
|
786.84
|
686.00
|
|
Inventories - Total
|
1,106.59
|
1,142.33
|
627.29
|
667.15
|
|
Total Current Assets
|
2,251.99
|
2,192.97
|
1,556.07
|
1,524.28
|
|
Net Property, Plant & Equipment
|
576.41
|
584.54
|
514.42
|
505.56
|
|
Total Assets
|
4,331.99
|
4,349.28
|
2,704.11
|
2,669.62
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
594.28
|
793.29
|
557.63
|
606.89
|
|
Debt in Current Liabilities
|
17.14
|
17.48
|
7.57
|
12.80
|
|
Total Current Liabilities
|
878.25
|
810.77
|
565.20
|
619.69
|
|
Long-Term Debt
|
1,463.66
|
1,485.00
|
499.67
|
503.05
|
|
Total Liabilities
|
2,635.44
|
2,622.29
|
1,345.12
|
1,404.85
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.81
|
0.81
|
0.75
|
0.75
|
|
Retained Earnings
|
777.71
|
706.52
|
673.54
|
593.96
|
|
Treasury Stock
|
-0.85
|
-0.85
|
-0.85
|
-0.85
|
|
Total Stockholders' Equity
|
1,696.56
|
1,726.99
|
1,358.99
|
1,264.78
|
|
Total Liabilities and Stockholders' Equity
|
4,331.99
|
4,349.28
|
2,704.11
|
2,669.62
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Net Cash Provided by Operating Activities
|
75.11
|
190.49
|
4.61
|
127.73
|
|
Net Cash Provided by Investing Activities
|
-27.21
|
-1,010.38
|
-32.34
|
-7.87
|
|
Net Cash Provided by Financing Activities
|
-5.26
|
961.28
|
-15.88
|
-86.02
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2005 | 575.04 | 53.56 | 0.57 | | 12/2006 | 738.05 | 70.34 | 1.12 | | 12/2007 | 1,613.39 | 136.13 | 1.92 | | 12/2008 | 2,505.84 | 233.32 | 3.10 | | 12/2009 | 2,651.77 | 312.70 | 4.12 | | Growth Rates | 46.54 | 55.44 | 63.97 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 06/30/10 | 398 | 64,373 | 79.46 |
|
Report Date :
8/30/2010
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