| Address:
|
1330 POST OAK BOULEVARD
SUITE 2000 |
| City: |
HOUSTON |
|
State: |
TX |
|
Zip Code: |
77056-3058 |
| Telephone: |
713-975-7600 |
|
Description of Business
|
Primary SIC Code:
0800 |
| (As filed with the SEC)
|
|
|
MAXXAM Inc. and its controlled subsidiaries are collectively referred to herein
as the "Company" or "MAXXAM" unless otherwise indicated or the context indicates
otherwise. Any reference herein to a company includes the subsidiaries of that
company unless otherwise noted or the context indicates otherwise. The term
"MAXXAM Parent" refers to the Company on a stand-alone basis without its
subsidiaries. The term "MGHI" refers to MAXXAM Group Holdings Inc., which is the
parent of MAXXAM Group Inc. (see below). Some terms used herein are defined in
the Glossary of Defined Terms found at the end of this document. The Company
conducts the substantial portion of its operations through its subsidiaries,
which operate in three principal industries:
. Real estate investment and development, through MAXXAM Property Company ("MPC")
and other wholly owned subsidiaries of the Company, as well as joint
ventures. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2008 | -22.70 | NA | N/E | | 06/2008 | -10.81 | NA | N/E | | 03/2008 | -9.18 | NA | N/E | | 12/2007 | -8.93 | NA | N/E | | 09/2007 | -8.00 | NA | N/E | | 06/2007 | 59.76 | NA | 0.47 | | 03/2007 | 59.08 | NA | 0.51 | | 12/2006 | 59.82 | NA | 0.49 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2007 |
Leverage |
2007 |
| Net Inc/Comm Equity | -0.57 | Total Liab/Total Assets | 1.50 | | Net Inc/Total Assets | -0.09 | Total Liab/Inv Cap | 1.62 | | Net Inc/Inv Cap | -0.10 | Total Liab/Comm Equity | 9.44 | | Pretax Inc/Net Sales | -0.48 | Interest Coverage Ratio | -1.30 | | Net Inc/Net Sales | -0.49 | Curr Debt/Equity | -0.02 | | Cash Flow/Net Sales | -0.25 | LTD/Equity | -0.81 | | SG&A/NetSales | 0.44 | Total Debt/Equity | -0.83 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 7.93 | Quick Ratio | 3.80 | | Inventory Turnover | 2.59 | Current Ratio | 3.92 | | Inventory Day Sales | 0.05 | Net Rec/Curr Assets | 0.04 | | Net Sales/Work Cap | 1.01 | Inv/Curr Assets | 0.03 | | Net Sales/PP&E | 0.35 | | |
Income Statement (Millions) |
| |
9/30/2008
|
6/30/2008
|
3/31/2008
|
12/31/2007
|
|
Total Revenues(Net Sales)
|
23.70
|
23.30
|
21.70
|
20.90
|
|
Cost of Goods Sold
|
17.40
|
19.80
|
15.20
|
15.00
|
|
Selling & Admin Exps
|
10.40
|
5.50
|
10.80
|
12.40
|
|
Operating Income
|
-8.20
|
-5.10
|
-7.10
|
-9.90
|
|
Interest Exp
|
4.20
|
4.30
|
4.10
|
4.30
|
|
Pretax Income
|
-13.00
|
-12.50
|
-13.90
|
-16.90
|
|
Other Income
|
-0.60
|
-3.10
|
-2.70
|
-2.70
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-65.40
|
-12.70
|
-13.90
|
-17.40
|
|
Assets
|
9/30/2008
|
6/30/2008
|
3/31/2008
|
12/31/2007
|
|
Cash & Short Term Investments
|
57.40
|
61.20
|
75.00
|
116.30
|
|
Receivables - Total
|
4.40
|
4.00
|
5.60
|
4.60
|
|
Inventories - Total
|
3.80
|
4.80
|
11.50
|
3.90
|
|
Total Current Assets
|
72.90
|
72.70
|
94.60
|
127.70
|
|
Net Property, Plant & Equipment
|
267.60
|
270.50
|
270.90
|
272.50
|
|
Total Assets
|
410.30
|
469.80
|
483.50
|
518.90
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
36.50
|
27.30
|
24.70
|
26.60
|
|
Debt in Current Liabilities
|
6.00
|
5.90
|
5.50
|
5.30
|
|
Total Current Liabilities
|
47.90
|
35.10
|
31.20
|
32.60
|
|
Long-Term Debt
|
206.70
|
208.10
|
209.90
|
211.20
|
|
Total Liabilities
|
783.20
|
776.10
|
779.60
|
780.10
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.30
|
0.30
|
0.30
|
0.30
|
|
Common Stock
|
5.00
|
5.00
|
5.00
|
5.00
|
|
Retained Earnings
|
-434.90
|
-369.50
|
-356.80
|
-342.90
|
|
Treasury Stock
|
-167.80
|
-167.80
|
-167.80
|
-147.70
|
|
Total Stockholders' Equity
|
-372.90
|
-306.30
|
-296.10
|
-261.20
|
|
Total Liabilities and Stockholders' Equity
|
410.30
|
469.80
|
483.50
|
518.90
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2008
|
6/30/2008
|
3/31/2008
|
12/31/2007
|
|
Net Cash Provided by Operating Activities
|
-6.80
|
-2.00
|
-15.10
|
-13.20
|
|
Net Cash Provided by Investing Activities
|
4.50
|
4.30
|
23.20
|
22.90
|
|
Net Cash Provided by Financing Activities
|
-1.30
|
-1.20
|
-21.00
|
-0.40
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2003 | 336.60 | -11.60 | -1.79 | | 12/2004 | 347.50 | -46.60 | -7.79 | | 12/2005 | 406.40 | -4.00 | -0.66 | | 12/2006 | 291.50 | 374.40 | 59.82 | | 12/2007 | 95.90 | -46.90 | -8.93 | | Growth Rates | -26.94 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/08 | 23 | 1,120 | 24.58 |
|
Report Date :
1/6/2009
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