Hamilton Beach 2009 Annual Report Download - page 4

1
NACCO Industries, Inc. and Subsidiaries
Year Ended December 31
2009 2008(1) 2007 2006 2005
(In millions, except per share data)
Operating Statement Data :
Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Operating profit (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income (loss) from continuing operations . . . . . . . . . .
Discontinued operations, net-of-tax(2) . . . . . . . . . . . . . . .
Extraordinary gain, net-of-tax(3) . . . . . . . . . . . . . . . . . . .
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net (income) loss attributable
to noncontrolling interest . . . . . . . . . . . . . . . . . . . . . .
Net income (loss) attributable to stockholders . . . . . . . .
Basic Earnings (Loss) per Share:
Income (loss) from continuing operations
attributable to stockholders . . . . . . . . . . . . . . . . . . . .
Discontinued operations, net-of-tax(2) . . . . . . . . . . . . . . .
Extraordinary gain, net-of-tax(3) . . . . . . . . . . . . . . . . . . . .
Basic earnings (loss) per share . . . . . . . . . . . . . . . . . . . .
Diluted Earnings (Loss) per Share:
Income (loss) from continuing operations
attributable to stockholders . . . . . . . . . . . . . . . . . . . .
Discontinued operations, net-of-tax(2) . . . . . . . . . . . . . . .
Extraordinary gain, net-of-tax(3) . . . . . . . . . . . . . . . . . . . .
Diluted earnings (loss) per share . . . . . . . . . . . . . . . . . . .
Per Share and Share Data:
Cash dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Market value at December 31 . . . . . . . . . . . . . . . . . . . .
Stockholders’ equity at December 31 . . . . . . . . . . . . . .
Actual shares outstanding at December 31 . . . . . . . .
Basic weighted average shares outstanding . . . . . . .
Diluted weighted average shares outstanding . . . . .
Balance Sheet Data at December 31:
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 3,665.1
$ (389.5)
$ (439.7)
2.3
–
$ (437.4)
(0.2)
$ (437.6)
$ (53.12)
0.28
–
$ (52.84)
$ (53.12)
0.28
–
$ (52.84)
$ 2.045
$ 37.41
$ 43.05
8.286
8.281
8.281
$ 1,687.9
$ 400.3
$ 356.7
$ 3,590.0
$ 139.2
$ 89.7
0.6
–
$ 90.3
0.1
$ 90.4
$ 10.87
0.07
–
$ 10.94
$ 10.86
0.07
–
$ 10.93
$ 1.980
$ 99.69
$ 107.80
8.269
8.263
8.272
$ 2,427.3
$ 439.3
$ 891.4
$ 3,327.6
$ 171.1
$ 90.5
2.8
12.8
$ 106.1
0.7
$ 106.8
$ 11.07
0.34
1.56
$ 12.97
$ 11.06
0.34
1.56
$ 12.96
$ 1.905
$ 136.60
$ 96.05
8.238
8.234
8.242
$ 2,154.5
$ 359.9
$ 791.3
$ 3,144.2
$ 107.9
$ 56.9
1.4
4.7
$ 63.0
0.1
$ 63.1
$ 6.93
0.17
0.57
$ 7.67
$ 6.93
0.17
0.57
$ 7.67
$ 1.848
$ 117.15
$ 85.21
8.226
8.223
8.226
$ 2,091.6
$ 406.2
$ 700.9
(1) During 2008, NACCO’s stock price significantly declined compared with previous periods and the Company’s market value of equity was below its book value of
tangible assets and book value of equity. The Company performed an impairment test, which indicated that goodwill and certain other intangibles were impaired at
December 31, 2008. Therefore, the Company recorded a non-cash impairment charge of $435.7 million in 2008.
(2) During 2009, the Company’s North American Coal subsidiary completed the sale of certain assets of the Red River Mining Company. The results of operations of
Red River for 2009 and all prior periods have been reclassified to reflect Red River’s operating results as discontinued operations.
(3) An extraordinary gain was recognized in 2006 and 2005 as a result of a reduction to Bellaire Corporation’s estimated closed mine obligations relating to amounts
owed to the United Mine Workers of America Combined Benefit Fund arising as a result of the Coal Industry Retiree Health Benefit Act of 1992.
$ 2,310.6
$ 59.1
$ 8.4
22.6
–
$ 31.0
0.1
$ 31.1
$ 1.03
2.72
–
$ 3.75
$ 1.03
2.72
–
$ 3.75
$ 2.068
$ 49.80
$ 47.82
8.294
8.290
8.296
$ 1,488.7
$ 377.6
$ 396.6
Selected Financial and Operating Data