E-Z-GO 2010 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2010 E-Z-GO 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 106

  • 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
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106

3
Selected Year-Over-Year Financial Data
(Dollars in millions, except per share amounts) 2010 2009
Total Revenues $ 10,525 $10,500
Total Segment Profi t 553 475
Income (loss) from continuing operations 92 (73)
Per Share of Common Stock
Common stock price: High $25.30
$21.00
Low15.88 3.57
Year-end 23.64 18.81
Diluted EPS from continuing operations*0.30 (0.28)
Common Shares Outstanding (In thousands)
Diluted average* 302,555 262,923
Year-end 275,739 272,272
Financial Position
Total assets $15,282
$18,940
Manufacturing group debt 2,302 3,584
Finance group debt 3,660 5,667
Shareholders’ equity 2,972 2,826
Manufacturing group debt-to-capital (net of cash) 32% 39%
Manufacturing group debt-to-capital 44% 56%
Key Performance Metrics
Net cash provided by operating activities of continuing operations for Manufacturing group—GAAP $730
$738
Manufacturing free cash fl ow—Non-GAAP1692 424
Textron at a Glance
Cessna is the world’s
leading general aviation
company based on unit
sales with two principal
lines of business: aircraft
sales and aftermarket
services. Aircraft
sales include Citation
business jets, Caravan
single-engine utility
turboprops, single-
engine piston aircraft
and lift solutions by
CitationAir. Aftermarket
services include parts,
maintenance, inspection
and repair services.
The Industrial segment
offers three main
product lines: fuel
systems and functional
components produced
by Kautex; golf cars and
turf-care equipment
manufactured by E-Z-GO
and Jacobsen; and
powered tools, testing
and measurement
equipment made
by Greenlee.
Our Finance segment is
a commercial fi
nance
business that consists
of Textron Financial
Corporation and its
consolidated subsidiaries,
along with three fi nance
subsidiaries owned by
Textron Inc. The segment
provides fi nancing for
Cessna aircraft and Bell
helicopters and E-Z-GO
and Jacobsen golf cars
and turf-care equipment.
Textron Systems’ product
lines include unmanned
aircraft systems, land and
marine systems, weapons
and sensors, and a variety
of defense and aviation
mission support products.
Textron Systems includes:
AAI-Unmanned Aircraft
Systems, AAI-Logistics
& Technical Services, AAI-
Test & Training, Lycoming
Engines, Overwatch,
Textron Defense Systems
and Textron Marine &
Land Systems.
Bell Helicopter is one
of the leading suppliers
of helicopters and
related spare parts
and services in the
world and the pioneer
of the revolutionary
tiltrotor aircraft. Bell
manufactures for
both military and
commercial applications.
Bell Textron Systems Cessna Industrial Finance
* For 2009, diluted EPS from continuing operations is calculated using basic average shares outstanding, as utilizing diluted weighted-average shares
outstanding would have an anti-dilutive effect on the loss from continuing operations. Diluted average shares for 2009 represent basic average shares.
1 Free cash fl ow is a non-GAAP measure. See page 10 for reconciliation to GAAP.