E-Z-GO 2000 Annual Report Download - page 22

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Financial Report
20 BUSINESS SEGMENT DATA
21 MANAGEMENT’S DISCUSSION AND ANALYSIS
33 REPORT OF MANAGEMENT, REPORT OF INDEPENDENT AUDITORS
34 CONSOLIDATED FINANCIAL STATEMENTS
39 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
59 QUARTERLY DATA
60 SELECTED FINANCIAL INFORMATION
61 TEXTRON BUSINESS DIRECTORY
Business Segment Data
2000 Revenues 2000 Segment Profit
34% Aircraft $4,394
22% Automotive $2,924
16% Fastening Systems $2,137
23% Industrial Products $2,944
5% Finance $691
32% Aircraft $451
17% Automotive $244
13% Fastening Systems $182
24% Industrial Products $343
14% Finance $190
For a description of the businesses comprising each segment, see pages 61 through 63.
Segment
Revenues Segment Profit*Profit Margins
(In millions) 2000 1999 1998 2000 1999 1998 2000 1999 1998
Aircraft $ 4,394 $ 4,019 $3,380 $ 451 $ 362 $ 338 10.3% 9.0% 10.0%
Automotive 2,924 2,868 2,356 244 220 171 8.3 7. 7 7. 3
Fastening Systems 2,137 2,082 1,758 182 190 186 8.5 9.1 10.6
Industrial Products 2,944 2,422 2,013 343 301 232 11.7 12.4 11.5
Finance 691 463 367 190 128 113 27.5 27.6 30.8
$13,090 $11,854 $9,874 $1,410 $1,201 $1,040 10.8% 10.1% 10.5%
Special charges, net (483) 1 (87)
Gain on sale of division ––97
Segment operating income 927 1,202 1,050
Corporate expenses and other, net (164) (143) (141)
Interest income 627 –
Interest expense (158) (56) (146)
Income from continuing operations
before income taxes** $ 611 $1,030 $ 763
*Segment profit represents the measurement used by Textron to evaluate performance for decision making purposes. Segment profit for manufacturing
segments does not include interest, certain corporate expenses, special charges and gains and losses from the disposition of significant business units.
The measurement for the Finance segment includes interest income, interest expense and distributions on preferred securities of Finance subsidiary trust.
**Before distributions on preferred securities of manufacturing subsidiary trust.
TEXTRON 2000 ANNUAL REPORT 20