Whirlpool 2014 Annual Report Download - page 26

Whirlpool 2014AR p 48 / 49
Whirlpool Corporation’s Annual Report on Form 10-K, and
other financial information, is available free of charge to
stockholders.
The Financial Summary contained in this Annual Report
should be read together with Whirlpool Corporation’s Finan-
cial Statements and related notes, and “Management’s
Discussion and Analysis.” This information appears in the
Company’s 2014 Annual Report on Form 10-K filed with the
Securities and Exchange Commission, which is available on the
Company’s website at investors.whirlpoolcorp.com/sec.cfm.
This Annual Report contains forward-looking statements.
These statements are based on current expectations and
assumptions that are subject to risks and uncertainties.
Actual results could differ materially because of the factors
discussed in the “Risk Factors” section of the Form 10-K.
The Annual Report on Form 10-K and Company earnings
releases for each quarter—typically issued in April, July,
October and February—can be obtained by contacting:
Chris Conley
Senior Director, Investor Relations
Whirlpool Corporation
2000 N. M-63, Mail Drop 2609
Benton Harbor, MI 49022-2692
Telephone: [phone]
Fax: [phone]
Email: [e-mail]
Stock Exchanges
Common stock of Whirlpool Corporation (exchange symbol:
WHR) is listed on the New York and Chicago stock exchanges.
Annual Meeting
Whirlpool Corporation’s next annual meeting is scheduled
for April 21, 2015, at 8 a.m. (Central time), at 120 East
Delaware Place, 8th Floor, Chicago.
Transfer Agent, Shareholder Records, Dividend
Disbursements and Corporate Secretary
For information about or assistance with individual stock
records, transactions, dividend checks or stock certificates,
contact:
Computershare Trust Company, N.A.
Shareholder Services
P.O. Box 30170
College Station, TX 77842-3170
Telephone: [phone]
Outside the United States: 781-575-2879
TDD/TTY for hearing impaired: 800-952-9245
www.computershare.com
For additional information, contact:
Bridget K. Quinn
Assistant Secretary
Whirlpool Corporation
2000 N. M-63, Mail Drop 3602
Benton Harbor, MI 49022-2692
Telephone: [phone]
Email: [e-mail]
Direct Stock Purchase Plan
As a participant in the DirectSERVICE Investment and
Stock Purchase Program, you can be the direct owner of
your shares of Whirlpool Corporation Common Stock.
New shareholders and current participants may make cash
contributions of up to $250,000 annually, invested daily, with
or without reinvesting their dividends, and can sell part of the
shares held in the program without exiting the plan. There
are modest transaction processing fees and brokerage com-
missions for purchases, sales and dividend reinvestment.
For details, contact Computershare or visit its website at
www-us.computershare.com/investor to enroll.
Stock-Split and Dividend History
March 1952: 2-for-1 stock exchange
December 1954: 100% stock dividend
May 1965: 2-for-1
May 1972: 3-for-1
December 1986: 2-for-1
Example: 100 shares of Whirlpool Corporation Common
Stock purchased in February 1952 equaled 4,800 shares in
January 2015.
For each quarter during 2012 and Q1 2013, Whirlpool
Corporation paid a dividend of $0.50 per share. For each
quarter of Q2 2013 through Q1 2014, the Company paid a
dividend of $0.625 per share. Beginning in Q2 2014, the
Company paid a quarterly dividend of $0.75 per share.
Market Price
High Low Close
4Q 2014 $ 196.71 $ 139.85 $ 193.74
3Q 2014 156.13 135.37 145.65
2Q 2014 156.71 136.64 139.22
1Q 2014 160.01 124.39 149.46
4Q 2013 $ 159.22 $ 129.22 $ 156.86
3Q 2013 151.84 111.70 146.44
2Q 2013 134.09 107.88 114.36
1Q 2013 120.00 101.74 118.46
Trademarks
360˚ Bloom Wash, 6th Sense, Ace 8.0 Supreme Plus, Amana,
Brastemp, Diqua, Duet, Every day, care, Every Moment
Matters, Gladiator, Hotpoint,* Hybridcare, Indesit, Jenn-Air,
KitchenAid, Maytag, PrimeTime, RoyalStar, Torrent, Whirlpool
and the design of the stand mixer are trademarks of Whirlpool
Corporation or its wholly or majority-owned affiliates.
* Whirlpool ownership of the Hotpoint brand in EMEA and Asia Pacific
regions is not affiliated with the Hotpoint brand sold in the Americas.
Boys & Girls Clubs of America, Cook for the Cure, ENERGY
STAR, Habitat for Humanity, Instituto Consulado da Mulher,
Nespresso, SodaStream, SWASH, Trees for the Future,
United Way and certain other trademarks are owned by
their respective companies.
© 2015 Whirlpool Corporation.
All rights reserved.
Shareholder and Other Information
WHIRLPOOL CORPORATION
Five-Year Selected Financial Data
(Millions of dollars, except share and employee data)
2014 2013 2012 2011 2010
Consolidated Operations
Net sales $ 19,872 $ 18,769 $ 18,143 $ 18,666 $ 18,366
Restructuring costs 136 196 237 136 74
Depreciation and amortization 560 540 551 558 555
Operating profit 1,188 1,249 869 792 1,008
Earnings (loss) before income taxes and other items 881 917 558 (28) 586
Net earnings 692 849 425 408 650
Net earnings available to Whirlpool 650 827 401 390 619
Capital expenditures 720 578 476 608 593
Dividends paid 224 187 155 148 132
Consolidated Financial Position
Current assets $ 8,098 $ 7,022 $ 6,827 $ 6,422 $ 7,315
Current liabilities 8,403 6,794 6,510 6,297 6,149
Accounts receivable, inventories and accounts
payable, net 778 548 694 947 1,410
Property, net 3,981 3,041 3,034 3,102 3,134
Total assets 20,002 15,544 15,396 15,181 15,584
Long-term debt 3,544 1,846 1,944 2,129 2,195
Total debt(1) 4,347 2,463 2,461 2,491 2,509
Whirlpool stockholders’ equity 4,885 4,924 4,260 4,181 4,226
Per Share Data
Basic net earnings available to Whirlpool $ 8.30 $ 10.42 $ 5.14 $ 5.07 $ 8.12
Diluted net earnings available to Whirlpool 8.17 10.24 5.06 4.99 7.97
Dividends 2.88 2.38 2.00 1.93 1.72
Book value(2) 61.39 60.97 53.70 53.50 54.48
Closing Stock Price—NYSE 193.74 156.86 101.75 47.45 88.83
2014 2013 2012 2011 2010
Key Ratios
Operating profit margin 6.0% 6.7% 4.8% 4.2% 5.5%
Pre-tax margin(3) 4.4% 4.9% 3.1% (0.2)% 3.2%
Net margin(4) 3.3% 4.4% 2.2% 2.1% 3.4%
Return on average Whirlpool stockholders’ equity(5) 13.3% 18.0% 9.5% 9.3% 15.7%
Return on average total assets(6) 3.7% 5.3% 2.6% 2.5% 4.0%
Current assets to current liabilities 1.0 1.0 1.0 1.0 1.2
Total debt as a percent of invested capital(7) 42.9% 33.0% 36.0% 36.8% 36.7%
Price earnings ratio(8) 23.7 15.3 20.1 9.5 11.2
Other Data
Common shares outstanding (in thousands):
Average number—on a diluted basis 79,578 80,761 79,337 78,143 77,628
Year-end common shares outstanding 77,956 77,417 78,407 76,451 76,030
Year-end number of stockholders 11,225 11,889 12,759 13,527 14,080
Year-end number of employees 100,000 69,000 68,000 68,000 71,000
Five-year annualized total return to stockholders(9) 22.0% 34.0% 7.6% (8.1)% 3.8%
(1) Total debt includes notes payable and current and long-term debt.
(2) Total Whirlpool stockholders’ equity divided by average number of shares on a diluted basis.
(3) Earnings (loss) before income taxes, as a percent of net sales.
(4) Net earnings available to Whirlpool, as a percent of net sales.
(5) Net earnings available to Whirlpool, divided by average Whirlpool stockholders’ equity.
(6) Net earnings available to Whirlpool, divided by average total assets.
(7) Total debt divided by total debt and total stockholders’ equity.
(8) Closing stock price divided by diluted net earnings available to Whirlpool.
(9) Stock appreciation plus reinvested dividends, divided by share price at the beginning of the period.