| Address:
|
29 AVENUE DE LA PORTE-NEUVE
3RD FLOOR |
| City: |
LUXEMBOURG |
|
State: |
|
|
Zip Code: |
L 2227 |
| Telephone: |
212-376-6500 |
|
Description of Business
|
Primary SIC Code:
3312 |
| (As filed with the SEC)
|
|
|
We are a leading global manufacturer and supplier of steel pipe products and
related services for the world's energy industry and for other industrial
applications. Our customers include most of the world's leading oil and gas
companies as well as engineering companies engaged in constructing oil and gas
gathering, transportation, processing and power generation facilities. Our
principal products include casing, tubing, line pipe, and mechanical and
structural pipes.
Over the last two decades, we have expanded our business globally through a
series of strategic investments. We now operate an integrated worldwide network
of steel pipe manufacturing, research, finishing and service facilities with
industrial operations in the Americas, Europe, Asia and Africa and a direct
presence in most major oil and gas markets.
Our mission is to deliver value to our customers through product development,
manufacturing excellence, and supply chain management. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2010 | 1.90 | 0.260 | 25.78 | | 09/2010 | 2.70 | NA | 14.23 | | 06/2010 | 1.65 | 0.420 | 20.98 | | 03/2010 | 1.72 | NA | 24.97 | | 12/2009 | 2.00 | 0.260 | 21.32 | | 09/2009 | 1.72 | NA | 20.71 | | 06/2009 | 1.63 | 0.600 | 16.59 | | 03/2009 | 2.72 | NA | 7.42 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.12 | Total Liab/Total Assets | 0.31 | | Net Inc/Total Assets | 0.08 | Total Liab/Inv Cap | 0.41 | | Net Inc/Inv Cap | 0.10 | Total Liab/Comm Equity | 0.45 | | Pretax Inc/Net Sales | 0.21 | Interest Coverage Ratio | 25.82 | | Net Inc/Net Sales | 0.15 | Curr Debt/Equity | 0.10 | | Cash Flow/Net Sales | 0.11 | LTD/Equity | 0.02 | | SG&A/NetSales | 0.19 | Total Debt/Equity | 0.13 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 4.12 | Quick Ratio | 1.47 | | Inventory Turnover | 2.27 | Current Ratio | 2.50 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.33 | | Net Sales/Work Cap | 2.16 | Inv/Curr Assets | 0.41 | | Net Sales/PP&E | 2.04 | | |
Income Statement (Millions) |
| |
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Total Revenues(Net Sales)
|
7,711.60
|
8,149.32
|
12,131.84
|
10,042.01
|
|
Cost of Goods Sold
|
4,700.81
|
4,864.92
|
6,799.19
|
5,515.77
|
|
Selling & Admin Exps
|
1,437.24
|
1,470.79
|
1,524.56
|
1,295.98
|
|
Operating Income
|
1,573.55
|
1,813.61
|
3,027.86
|
2,957.23
|
|
Interest Exp
|
64.10
|
118.30
|
185.84
|
275.65
|
|
Pretax Income
|
1,591.05
|
1,748.95
|
2,876.19
|
2,865.49
|
|
Other Income
|
11.55
|
-33.40
|
-55.40
|
70.64
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
1,141.05
|
1,207.60
|
2,275.62
|
2,076.06
|
|
Assets
|
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Cash & Short Term Investments
|
1,520.09
|
2,122.50
|
1,626.14
|
1,055.61
|
|
Receivables - Total
|
1,953.50
|
1,790.71
|
2,493.63
|
2,170.69
|
|
Inventories - Total
|
2,460.38
|
1,687.06
|
3,091.40
|
2,598.86
|
|
Total Current Assets
|
5,955.54
|
5,621.84
|
7,252.42
|
6,514.04
|
|
Net Property, Plant & Equipment
|
3,780.58
|
3,254.59
|
2,982.87
|
3,269.01
|
|
Total Assets
|
14,364.33
|
13,483.31
|
15,100.71
|
15,244.59
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
1,095.93
|
958.07
|
1,338.75
|
1,826.55
|
|
Debt in Current Liabilities
|
1,023.93
|
791.58
|
1,757.83
|
1,166.29
|
|
Total Current Liabilities
|
2,378.55
|
1,970.47
|
3,790.02
|
3,328.07
|
|
Long-Term Debt
|
223.85
|
657.99
|
1,310.83
|
2,878.24
|
|
Total Liabilities
|
4,461.97
|
4,391.14
|
6,398.83
|
8,238.31
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
648.22
|
628.67
|
NA
|
523.57
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
NA
|
NA
|
1,180.54
|
1,180.54
|
|
Retained Earnings
|
NA
|
NA
|
6,489.90
|
4,813.70
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
9,902.36
|
9,092.16
|
8,701.89
|
7,006.28
|
|
Total Liabilities and Stockholders' Equity
|
14,364.33
|
13,483.31
|
15,100.71
|
15,244.59
|
Cash Flow Summary (Millions) |
|
Categories
|
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Net Cash Provided by Operating Activities
|
870.82
|
3,063.95
|
1,465.01
|
2,020.62
|
|
Net Cash Provided by Investing Activities
|
-920.84
|
-1,031.04
|
722.41
|
-2,287.13
|
|
Net Cash Provided by Financing Activities
|
-651.60
|
-2,028.65
|
-1,570.42
|
-196.68
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 7,727.74 | 1,957.32 | 3.30 | | 12/2007 | 10,042.01 | 2,076.06 | 3.26 | | 12/2008 | 12,131.84 | 2,275.62 | 3.60 | | 12/2009 | 8,149.32 | 1,207.60 | 2.00 | | 12/2010 | 7,711.60 | 1,141.05 | 1.90 | | Growth Rates | -0.05 | -12.62 | -12.89 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 205 | 137,388 | 23.28 |
|
Report Date :
2/6/2012
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