E-Z-GO 2015 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2015 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 88

  • 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


5HFODVVLILFDWLRQDGMXVWPHQWVLQFOXGHGLQWKH&RQVROLGDWHG6WDWHPHQWRI&DVK)ORZVDUHVXPPDUL]HGEHORZ
(
In millions
)
2015 2014 2013
5HFODVVLILFDWLRQVDGMXVWPHQWVIURPLQYHVWLQJDFWLYLWLHV
)LQDQFHUHFHLYDEOHRULJLQDWLRQVIRU0DQXIDFWXULQJJURXSLQYHQWRU\VDOHV      
&DVKUHFHLYHGIURPFXVWRPHUV  
2WKHU   
7RWDOUHFODVVLILFDWLRQVDGMXVWPHQWVIURPLQYHVWLQJDFWLYLWLHV   
5HFODVVLILFDWLRQVDGMXVWPHQWVIURPILQDQFLQJDFWLYLWLHV
'LYLGHQGVUHFHLYHGE\0DQXIDFWXULQJJURXSIURP)LQDQFHJURXS  ²
7RWDOUHFODVVLILFDWLRQVDGMXVWPHQWVWRFDVKIORZIURPRSHUDWLQJDFWLYLWLHV      
8QGHU D 6XSSRUW $JUHHPHQW EHWZHHQ 7H[WURQ DQG 7)& 7H[WURQ LV UHTXLUHG WR PDLQWDLQ D FRQWUROOLQJ LQWHUHVW LQ 7)&  7KH
DJUHHPHQWZKLFKZDVDPHQGHGLQ'HFHPEHUDOVRUHTXLUHV7H[WURQWRHQVXUHWKDW7)&PDLQWDLQVIL[HGFKDUJHFRYHUDJHRI
QROHVVWKDQDQGFRQVROLGDWHGVKDUHKROGHU¶VHTXLW\RIQROHVVWKDQPLOOLRQ7KHUHZHUHQRFDVKFRQWULEXWLRQVUHTXLUHG
WREHSDLGWR7)&LQDQGWRPDLQWDLQFRPSOLDQFHZLWKWKHVXSSRUWDJUHHPHQW
Contractual Obligations
Manufacturing Group
7KH IROORZLQJ WDEOH VXPPDUL]HV WKH NQRZQ FRQWUDFWXDO REOLJDWLRQV DV GHILQHG E\ UHSRUWLQJ UHJXODWLRQV RI RXU 0DQXIDFWXULQJ
JURXSDVRI-DQXDU\
Pa
y
ments Due b
y
Period
(In millions) Total Year 1 Years 2-3 Years 4-5
More Than 5
Years
/LDELOLWLHVUHIOHFWHGLQEDODQFHVKHHW
/RQJWHUPGHEW          
,QWHUHVWRQERUURZLQJV     
3HQVLRQEHQHILWVIRUXQIXQGHGSODQV     
3RVWUHWLUHPHQWEHQHILWVRWKHUWKDQSHQVLRQV     
2WKHUORQJWHUPOLDELOLWLHV     
/LDELOLWLHVQRWUHIOHFWHGLQEDODQFHVKHHW
3XUFKDVHREOLJDWLRQV     
2SHUDWLQJOHDVHV     
7RWDO0DQXIDFWXULQJJURXS          
Pension and Postretirement Benefits
:H PDLQWDLQ GHILQHGEHQHILW SHQVLRQ SODQVDQG SRVWUHWLUHPHQW EHQHILWSODQV RWKHU WKDQSHQVLRQV DV GHVFULEHGLQ1RWH WRWKH
&RQVROLGDWHG )LQDQFLDO 6WDWHPHQWV ,QFOXGHG LQ WKH DERYH WDEOH DUH GLVFRXQWHG HVWLPDWHG EHQHILW SD\PHQWV ZH H[SHFW WR PDNH
UHODWHGWRXQIXQGHGSHQVLRQDQGRWKHUSRVWUHWLUHPHQWEHQHILWSODQV$FWXDOEHQHILWSD\PHQWVDUHGHSHQGHQWRQDQXPEHURIIDFWRUV
LQFOXGLQJ PRUWDOLW\ DVVXPSWLRQV H[SHFWHG UHWLUHPHQW DJH UDWH RI FRPSHQVDWLRQ LQFUHDVHV DQG PHGLFDO WUHQG UDWHV ZKLFK DUH
VXEMHFW WR FKDQJH LQ IXWXUH \HDUV 2XU SROLF\ IRU IXQGLQJ SHQVLRQ SODQV LV WR PDNH FRQWULEXWLRQV DQQXDOO\ FRQVLVWHQW ZLWK
DSSOLFDEOHODZVDQGUHJXODWLRQVKRZHYHUIXWXUHFRQWULEXWLRQVWRRXUSHQVLRQSODQVDUHQRWLQFOXGHGLQWKHDERYHWDEOH,Q
ZH H[SHFW WR PDNH DSSUR[LPDWHO\  PLOOLRQ RI FRQWULEXWLRQV WR RXU IXQGHG SHQVLRQ SODQV DQG WKH 5HWLUHPHQW $FFRXQW 3ODQ
%DVHGRQRXUFXUUHQWDVVXPSWLRQVZKLFKPD\FKDQJHZLWKFKDQJHVLQPDUNHWFRQGLWLRQVRXUFXUUHQWFRQWULEXWLRQIRUHDFKRIWKH
\HDUV IURP  WKURXJK  DUH HVWLPDWHG WR EH LQ WKH UDQJH RI DSSUR[LPDWHO\  PLOOLRQ WR  PLOOLRQ XQGHU WKH SODQ
SURYLVLRQVLQSODFHDWWKLVWLPH
Other Long-Term Liabilities
2WKHUORQJWHUPOLDELOLWLHVFRQVLVWRIXQGLVFRXQWHGDPRXQWVLQWKH&RQVROLGDWHG%DODQFH6KHHWVWKDWSULPDULO\LQFOXGHREOLJDWLRQV
XQGHU GHIHUUHG FRPSHQVDWLRQ DUUDQJHPHQWV DQG HVWLPDWHG HQYLURQPHQWDO UHPHGLDWLRQ FRVWV 3D\PHQWV XQGHU GHIHUUHG
FRPSHQVDWLRQDUUDQJHPHQWVKDYHEHHQHVWLPDWHGEDVHGRQPDQDJHPHQW¶VDVVXPSWLRQVRIH[SHFWHGUHWLUHPHQWDJHPRUWDOLW\VWRFN
SULFHDQG UDWHV RIUHWXUQRQ SDUWLFLSDQW GHIHUUDOV 7KH WLPLQJRI FDVK IORZVDVVRFLDWHGZLWK HQYLURQPHQWDOUHPHGLDWLRQ FRVWV LV
ODUJHO\EDVHGRQ KLVWRULFDO H[SHULHQFH&HUWDLQRWKHUORQJWHUP OLDELOLWLHVVXFKDVGHIHUUHG WD[HVXQUHFRJQL]HGWD[EHQHILWVDQG
SURGXFW OLDELOLW\ ZDUUDQW\ DQG OLWLJDWLRQ UHVHUYHV KDYH EHHQ H[FOXGHG IURP WKH WDEOH GXH WR WKH XQFHUWDLQW\ RI WKH WLPLQJ RI
SD\PHQWVFRPELQHGZLWKWKHDEVHQFHRIKLVWRULFDOWUHQGVWREHXVHGDVDSUHGLFWRUIRUVXFKSD\PHQWV
7(;7521$118$/5(3257