| Address:
|
714 GREEN VALLEY ROAD
|
| City: |
GREENSBORO |
|
State: |
NC |
|
Zip Code: |
27408 |
| Telephone: |
336.335.7000 |
|
Description of Business
|
Primary SIC Code:
2111 |
| (As filed with the SEC)
|
|
|
Lorillard is the third largest manufacturer of cigarettes in the United States.
Founded in 1760, Lorillard is the oldest continuously operating tobacco company
in the United States. Newport, our flagship menthol flavored premium cigarette
brand, is the top selling menthol and second largest selling cigarette brand
overall in the United States based on gross units sold in 2010. The Newport
brand accounted for approximately 90.0% of our sales revenue for the fiscal year
ended December 31, 2010. In addition to the Newport brand, our product line has
four additional brand families marketed under the Kent, True, Maverick, and Old
Gold brand names. These five brands include 43 different product offerings which
vary in price, taste, flavor, length and packaging. In 2010, we shipped
38.1 billion cigarettes, all of which were sold in the United States and certain
U.S. possessions and territories. We sold our major trademarks outside of the
United States in 1977. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 7.43 | 1.300 | 14.90 | | 06/2011 | 7.31 | 1.300 | 14.89 | | 03/2011 | 6.99 | 1.300 | 13.59 | | 12/2010 | 6.78 | 1.125 | 12.10 | | 09/2010 | 6.56 | 1.125 | 12.24 | | 06/2010 | 6.18 | 1.000 | 11.65 | | 03/2010 | 6.17 | 1.000 | 12.19 | | 12/2009 | 5.76 | 1.000 | 13.93 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.58 | Total Liab/Total Assets | 1.07 | | Net Inc/Total Assets | 0.31 | Total Liab/Inv Cap | 1.88 | | Net Inc/Inv Cap | 0.55 | Total Liab/Comm Equity | -1.98 | | Pretax Inc/Net Sales | 0.28 | Interest Coverage Ratio | 18.39 | | Net Inc/Net Sales | 0.17 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.18 | LTD/Equity | -7.86 | | SG&A/NetSales | 0.07 | Total Debt/Equity | -7.86 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 10.82 | Quick Ratio | 1.86 | | Inventory Turnover | 13.65 | Current Ratio | 2.06 | | Inventory Day Sales | 0.04 | Net Rec/Curr Assets | 0.20 | | Net Sales/Work Cap | 3.93 | Inv/Curr Assets | 0.09 | | Net Sales/PP&E | 24.41 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
1,622.00
|
1,692.00
|
1,535.00
|
1,486.00
|
|
Cost of Goods Sold
|
1,059.00
|
1,093.00
|
992.00
|
948.00
|
|
Selling & Admin Exps
|
108.00
|
112.00
|
122.00
|
105.00
|
|
Operating Income
|
455.00
|
487.00
|
421.00
|
433.00
|
|
Interest Exp
|
34.00
|
28.00
|
28.00
|
28.00
|
|
Pretax Income
|
421.00
|
460.00
|
394.00
|
406.00
|
|
Other Income
|
0.00
|
1.00
|
1.00
|
1.00
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
267.00
|
291.00
|
248.00
|
259.00
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
1,705.00
|
1,154.00
|
2,338.00
|
2,063.00
|
|
Receivables - Total
|
547.00
|
538.00
|
580.00
|
580.00
|
|
Inventories - Total
|
319.00
|
319.00
|
308.00
|
277.00
|
|
Total Current Assets
|
2,704.00
|
2,117.00
|
3,239.00
|
2,935.00
|
|
Net Property, Plant & Equipment
|
248.00
|
250.00
|
240.00
|
243.00
|
|
Total Assets
|
3,152.00
|
2,498.00
|
3,590.00
|
3,296.00
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
348.00
|
479.00
|
568.00
|
366.00
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
1,405.00
|
1,213.00
|
1,949.00
|
1,426.00
|
|
Long-Term Debt
|
2,590.00
|
1,780.00
|
1,759.00
|
1,769.00
|
|
Total Liabilities
|
4,326.00
|
3,329.00
|
4,039.00
|
3,521.00
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
2.00
|
2.00
|
2.00
|
2.00
|
|
Retained Earnings
|
1,922.00
|
1,832.00
|
1,726.00
|
1,666.00
|
|
Treasury Stock
|
-3,247.00
|
-2,809.00
|
-2,315.00
|
-2,026.00
|
|
Total Stockholders' Equity
|
-1,174.00
|
-831.00
|
-449.00
|
-225.00
|
|
Total Liabilities and Stockholders' Equity
|
3,152.00
|
2,498.00
|
3,590.00
|
3,296.00
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
429.00
|
-496.00
|
759.00
|
413.00
|
|
Net Cash Provided by Investing Activities
|
-7.00
|
-19.00
|
-7.00
|
-12.00
|
|
Net Cash Provided by Financing Activities
|
129.00
|
-669.00
|
-477.00
|
-450.00
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2008 | 4,204.00 | 887.00 | 5.15 | | 12/2009 | 5,233.00 | 948.00 | 5.76 | | 12/2010 | 5,932.00 | 1,029.00 | 6.78 | | Growth Rates | 18.79 | 7.71 | 14.74 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 426 | 128,983 | 95.54 |
|
Report Date :
1/30/2012
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