Tyson Foods 1999 Annual Report Download - page 37

Download and view the complete annual report

Please find page 37 of the 1999 Tyson Foods annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 64

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64

dollars in millions
Fair
There- value
2000 2001 2002 2003 2004 after Total 10/2/99
As of Oct. 2, 1999
Liabilities
Long-term debt,
including current portion
Fixed rate $172.5 $125.7 $««30.5 $177.8 $29.2 $794.3 $1,330.0 $1,299.1
Average interest rate 6.82% 8.18% 7.83% 6.18% 7.08% 6.78% 6.87%
Variable rate $««50.2 $÷17.2 $290.5 — — $««50.0 $«««407.9 $«««407.9
Average interest rate 5.51% 7.67% 5.85% — — 3.90% 5.65%
Interest rate derivative financial
instruments related to debt
Interest rate swaps
Pay fixed $««17.2 $««18.4 $««19.6 $««21.6 $21.1 $««29.2 $«««127.1 $««««««(0.7)
Average pay rate 6.71% 6.69% 6.73% 6.73% 6.71% 6.50% 6.66%
Average receive rate –
USD 6 month LIBOR
dollars in millions
Fair
There- value
1999 2000 2001 2002 2003 after Total 10/3/98
As of Oct. 3, 1998
Liabilities
Long-term debt,
including current portion
Fixed rate $73.6 $226.7 $125.2 $««31.4 $178.5 $823.3 $1,458.7 $1,533.7
Average interest rate 9.37% 6.39% 8.25% 7.88% 6.20% 6.79% 6.93%
Variable rate $««4.0 $««24.6 — $506.9 — $««50.0 $«««585.5 $«««585.5
Average interest rate 4.15% 7.67% — 5.57% — 3.73% 5.49%
Interest rate derivative financial
instruments related to debt
Interest rate swaps
Pay fixed $16.1 $««17.2 $««18.4 $««19.6 $««20.2 $««50.2 $«««141.7 $««««««(8.1)
Average pay rate 6.71% 6.71% 6.69% 6.73% 6.74% 6.59% 6.67%
Average receive rate –
USD 6 month LIBOR
Management’s discussion and analysis
TYSON FOODS, INC. 1999 ANNUAL REPORT
35