E-Z-GO 2011 Annual Report Download - page 2

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(Dollars in millions, except per share amounts) 2011 2010
Total Revenues $11,275 $10,525
Total Segment Profit 591 553
Income from continuing operations 242 92
PER SHARE OF COMMON STOCK
Common stock price: $
High $28.87 $25.30
Low 14.66 15.88
Year-end 18.49 23.64
Diluted EPS from continuing operations 0.79 0.30
COMMON SHARES OUTSTANDING (In thousands)
Diluted average 307, 255 302,555
Year-end 278,873 275,739
FINANCIAL POSITION
Total assets $13,615 $15,282
Manufacturing group debt 2,459 2,302
Finance group debt 1,974 3,660
Shareholders’ equity 2,745 2,972
Manufacturing group debt-to-capital (net of cash) 37% 32%
Manufacturing group debt-to-capital 47% 44%
KEY PERFORMANCE METRICS
Net cash provided by operating activities of continuing operations for Manufacturing group—GAAP $761 $730
Manufacturing cash flow before pension contributions—Non-GAAP 1 1,000 759
SELECTED YEAR-OVER-YEAR FINANCIAL DATA
1
TEXTRON’S GLOBAL NETWORK OF BUSINESSES
BELL
Bell Helicopter is one of the
leading suppliers of helicopters
and related spare parts and
services in the world and is
the pioneer of the revolutionary
tiltrotor aircraft. Bell
manufactures for both military
and commercial applications.
TEXTRON SYSTEMS
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,
Textron Marine & Land Systems,
Textron Defense Systems and
Textron Systems Advanced Systems.
CESSNA
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 and
inspection/repair services.
INDUSTRIAL
The Industrial segment offers
three main product lines:
fuel systems and functional
components produced by Kautex;
golf and turf-care equipment
manufactured by E-Z-GO and
Jacobsen; and powered tools,
testing and measurement
equipment made by Greenlee.
FINANCE
Our Finance segment, operated
by Textron Financial Corporation,
is a commercial finance business
which provides financing for
purchasers of Cessna aircraft,
Bell helicopters, E-Z-GO golf
cars/utility vehicles and
Jacobsen turf-care equipment.
1 Manufacturing cash flow before pension contributions is a non-GAAP measure. See page 10 for reconciliation to GAAP.