Tyson Foods 2001 Annual Report Download - page 51

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49
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
TYSON FOODS, INC. 2001 ANNUAL REPORT
The majority of the Company’s operations are domiciled in
the United States. Approximately 97% of sales to external cus-
tomers for the fiscal years ended 2001, 2000 and 1999 were sourced
from the United States. Approximately $6.6 billion, $3.0 billion
and $3.1 billion of long-lived assets were located in the United
States at fiscal years ended 2001, 2000 and 1999, respectively.
Approximately $204 million, $74 million and $74 million of long-
lived assets were located in foreign countries, primarily Mexico and
Canada, at fiscal years ended 2001, 2000 and 1999, respectively.
The Company sells certain of its products in foreign mar-
kets, primarily Canada, China, Japan, Mexico, Puerto Rico, Russia
and South Korea. The Company’s export sales for 2001, 2000 and
1999 totaled $1.2 billion, $550 million and $546 million, respec-
tively. Substantially all of the Company’s export sales are transacted
through unaffiliated brokers, marketing associations and foreign
sales staffs. Foreign sales were less than 10% of total consolidated
sales for 2001, 2000 and 1999, respectively.
Information on segments and a reconciliation to income before taxes on income and minority interest are as follows, with prior
periods restated to conform to the Company’s new segment reporting:
in millions
Prepared
Beef Chicken Pork Foods Other Consolidated
Fiscal year ended September 29, 2001
Sales
$2,027 $7,217 $619 $ 846 $ 42 $10,751
Operating income (loss)
32 249 27 15 (8) 315
Other expense
150
Income before income taxes and minority interest
165
Depreciation
15 214 5 22 38 294
Total assets
3,203 4,084 944 1,406 995 10,632
Additions to property, plant and equipment
19 176 4 26 36 261
Fiscal year ended September 30, 2000
Sales $ – $6,907 $157 $ 294 $ 52 $ 7,410
Operating income – 315 23 7 3 348
Other expense 114
Income before income taxes and minority interest 234
Depreciation – 209 3 14 31 257
Total assets – 4,016 101 180 544 4,841
Additions to property, plant and equipment – 139 – 8 49 196
Fiscal year ended October 2, 1999
Sales $ – $6,906 $109 $ 301 $305 $ 7,621
Operating income (loss) – 616 (98) (31) – 487
Other expense 116
Income before income taxes and minority interest 371
Depreciation – 199 4 7 45 255
Asset impairment and other charges* – – 35 23 19 77
Total assets – 4,286 70 191 536 5,083
Additions to property, plant and equipment – 297 5 16 45 363
*Asset impairment and other charges also included in operating income