E-Z-GO 1998 Annual Report Download - page 26

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22 1998 TEXTRON ANNUAL REPORT
Business Segment Data
For a description of the businesses comprising each segment, see pages 60 through 62.
Operating
Revenues Operating Income Income Margins
(In millions) 1998 1997 1996 1998 1997 1996 1998 1997 1996
Aircraft $3,189 $3,025 $2,593 $ 338 $ 313 $ 261 10.6% 10.3% 10.1%
Automotive 2,405 2,127 1,627 179 150 146 7.4 7.1 9.0
Industrial 3,722 3,181 2,959 410 346 300 11.0 10.9 10.1
Finance 367 350 327 113 108 96 30.8 30.9 29.4
$9,683 $8,683 $7,506 1,040 917 803 10.7% 10.6% 10.7%
Gain on sale of division 97 ––
Special charges (87) ––
Corporate expenses and other – net (127) (140) (115)
Interest expense – net (160) (129) (148)
Income from continuing operations
before income taxes* $ 763 $ 648 $ 540
* Before distributions on preferred securities of subsidiary trust.
Prior year amounts have been reclassified to conform to the current year’s segment presentation.
1998 Revenues – $9.7 billion 1998 Operating Income – $1.040 billion
Identifiable Assets Capital Expenditures Depreciation
(In millions) 1998
19971996 1998
19971996 1998
19971996
Aircraft $0
$0$0 $0
$ 0$ 0 0%
0%0%
Automotive 0
00 0
00 0
00
Industrial 0
00 0
00 0
00
Finance 000 000 000
Corporate, including investment
in discontinued operation
in 1996 and 1995 000 000 000
Eliminations (0) (0) (0) ––– –––
$0 $0 $0 $0 $ 0 $ 0 $0 $0 $0
Prior year amounts have been reclassified to conform to the current year’s segment presentation.
AUTOMOTIVE
$2,405 (25%)
INDUSTRIAL
$3,722 (38%)
FINANCE
$367 (4%)
AIRCRAFT
$3,189 (33%)
AUTOMOTIVE
$179 (17%)
INDUSTRIAL
$410 (39%)
FINANCE
$113 (11%)
AIRCRAFT
$338 (33%)