Hamilton Beach 2015 Annual Report Download - page 4

2
Year Ended December 31
2015 2014(1) 2013 2012(2) 2011(2)(3)
(In thousands, except per share data)
Operating Statement Data :
Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Operating profit (loss) . . . . . . . . . . . . . . . . . . . . . . . .
Income (loss) from continuing operations. . . . . . .
Discontinued operations, net-of-tax(2). . . . . . . . . . .
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Basic Earnings (Loss) per Share:
Income (loss) from continuing operations . . . . . . .
Discontinued operations, net-of-tax(2) . . . . . . . . . . .
Basic earnings (loss) per share . . . . . . . . . . . . . . . . .
Diluted Earnings (Loss) per Share:
Income (loss) from continuing operations . . . . . . .
Discontinued operations, net-of-tax(2) . . . . . . . . . . .
Diluted earnings (loss) per share . . . . . . . . . . . . . . .
Per Share and Share Data:
Cash dividends(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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:
Cash(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total assets(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Long-term debt(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 896,782
$ (66,309)
$ (38,118)
–
$ (38,118)
$ (5.02)
–
$ (5.02)
$ (5.02)
–
$ (5.02)
$ 1.0225
$ 59.36
$ 29.23
7.236
7.590
7.590
$ 61,135
$ 770,520
$ 191,431
$ 211,474
(1) During the fourth quarter of 2014, NACoal determined that indicators of impairment existed at its Centennial mining operations and as a result reviewed the
Centennial long-lived assets for impairment. NACoal recorded a non-cash, asset impairment charge of $105.1 million pre-tax for Centennial’s long-lived asset
group.
(2) During 2012, NACCO spun off Hyster-Yale, a former subsidiary. The results of operations of Hyster-Yale for all periods shown have been reclassified to reflect
Hyster-Yale’s operating results as discontinued operations.
(3) In 2006, NACCO initiated litigation in the Delaware Chancery Court against Applica Incorporated (“Applica”) and individuals and entities affiliated with Applica’s
shareholder, Harbinger Capital Partners Master Fund, Ltd. The litigation alleged a number of contract and tort claims against the defendants related to the failed
transaction with Applica, which had been previously announced. On February 14, 2011, the parties to this litigation entered into a settlement agreement. The
settlement agreement provided for, among other things, the payment of $60 million to NACCO and dismissal of the lawsuit with prejudice. The payment was
received in February 2011. Litigation cost related to this matter was $2.8 million in 2011.
(4) Cash dividends in 2012 include a one-time special cash dividend of $3.50 per share. The $0.25 dividend paid in the fourth quarter of 2012 was the first regular
quarterly dividend following the spin-off of Hyster-Yale.
$915,860
$ 31,827
$ 21,984
–
$ 21,984
$ 3.14
–
$ 3.14
$ 3.13
–
$ 3.13
$ 1.0450
$ 42.20
$ 29.42
6.837
7.001
7.022
$ 52,499
$655,408
$160,113
$201,138
Selected Financial and Operating Data
NACCO Industries, Inc. and Subsidiaries
This Annual Report contains references to non-GAAP financial measures. Presentations of, and quantitative reconciliations to, the most directly comparable
financial measures calculated and presented in accordance with U.S. generally accepted accounting principles (“GAAP”) appear on page 3 and page 14. For
certain pre-tax disclosures included in the “Discussion of 2015 Results” on page 4, the resulting after-tax amount and the related income tax amount have
been included and reconciled on page 14. Certain after-tax amounts are considered non-GAAP measures in accordance with Regulation G. Management
believes that after-tax information is useful in analyzing the Company’s net income.
$932,666
$ 61,336
$ 44,450
–
$ 44,450
$ 5.48
–
$ 5.48
$ 5.47
–
$ 5.47
$ 1.0000
$ 62.19
$ 37.83
7.872
8.105
8.124
$ 95,390
$809,956
$152,431
$297,780
$873,364
$ 67,642
$ 42,163
66,535
$108,698
$ 5.04
7.93
$ 12.97
$ 5.02
7.90
$ 12.92
$ 5.3775
$ 60.69
$ 33.68
8.353
8.384
8.414
$139,855
$776,306
$135,448
$281,331
$ 790,455
$ 64,074
$ 79,470
82,601
$ 162,071
$ 9.49
9.85
$ 19.34
$ 9.46
9.82
$ 19.28
$ 2.1200
$ 89.22
$ 68.81
8.374
8.383
8.408
$ 153,784
$1,808,834
$ 74,471
$ 576,210