E-Z-GO 2014 Annual Report Download - page 15

Download and view the complete annual report

Please find page 15 of the 2014 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 94

  • 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

counsel of Siemens AG for the Americas since 2008. Prior to joining Siemens in 1992, Mr. Lupone was vice president and
general counsel of Price Communications Corporation.
Available Information
We make available free of charge on our Internet Web site (www.textron.com) our Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q, Current Reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a)
or 15(d) of the Securities Exchange Act of 1934 as soon as reasonably practicable after we electronically file such material with, or
furnish it to, the Securities and Exchange Commission.
Forward-Looking Information
Certain statements in this Annual Report on Form 10-K and other oral and written statements made by us from time to time are
“forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking
statements, which may describe strategies, goals, outlook or other non-historical matters, or project revenues, income, returns or
other financial measures, often include words such as “believe,” “expect,” “anticipate,” “intend,” plan,” “estimate,” “guidance,
“project,” “target,” “potential,” “will,” “should,” “could,” “likely” or “may” and similar expressions intended to identify forward-
looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors
that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given
these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak
only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. In
addition to those factors described herein under “RISK FACTORS,” among the factors that could cause actual results to differ
materially from past and projected future results are the following:
x Interruptions in the U.S. Government’s ability to fund its activities and/or pay its obligations;
x Changing priorities or reductions in the U.S. Government defense budget, including those related to military operations in
foreign countries;
x Our ability to perform as anticipated and to control costs under contracts with the U.S. Government;
x The U.S. Government’s ability to unilaterally modify or terminate its contracts with us for the U.S. Government’s
convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain
circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards;
x Changes in foreign military funding priorities or budget constraints and determinations, or changes in government
regulations or policies on the export and import of military and commercial products;
x Volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our
products;
x Volatility in interest rates or foreign exchange rates;
x Risks related to our international business, including establishing and maintaining facilities in locations around the world
and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in
connection with international business, including in emerging market countries;
x Our Finance segment’s ability to maintain portfolio credit quality or to realize full value of receivables;
x Performance issues with key suppliers or subcontractors;
x Legislative or regulatory actions, both domestic and foreign, impacting our operations or demand for our products;
x Our ability to control costs and successfully implement various cost-reduction activities;
x The efficacy of research and development investments to develop new products or unanticipated expenses in connection
with the launching of significant new products or programs;
x The timing of our new product launches or certifications of our new aircraft products;
x Our ability to keep pace with our competitors in the introduction of new products and upgrades with features and
technologies desired by our customers;
x Pension plan assumptions and future contributions;
x Continued demand softness or volatility in the markets in which we do business;
x Difficulty or unanticipated expenses in connection with integrating acquired businesses; and
x The risk that anticipated synergies and opportunities as a result of acquisitions will not be realized or the risk that
acquisitions do not perform as planned, including, for example, the risk that acquired businesses will not achieve revenue
and profit projections.
9 Textron Inc. Annual Report • 2014