Invacare 2013 Annual Report Download - page 45

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I-39
2013 * 2012 ** 2011 *** 2010 **** 2009 *****
(In thousands, except per share and ratio data)
Earnings
Net Sales from continuing operations . . . . . . . $ 1,352,359 $ 1,432,693 $ 1,482,429 $ 1,408,690 $ 1,398,196
Net Earnings (loss) from continuing
operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . (51,000) (11,075)(21,760) 8,133 26,465
Net Earnings from discontinued operations . . 84,051 12,902 17,647 17,208 14,714
Net Earnings (loss) . . . . . . . . . . . . . . . . . . . . . 33,051 1,827 (4,113) 25,341 41,179
Net Earnings (loss) per Share—Basic:
Net Earnings (loss) from Continuing
Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1.60) (0.35)(0.68) 0.25 0.83
Net Earnings from Discontinued Operations . 2.63 0.41 0.55 0.53 0.46
Net Earnings (loss) per Share—Basic. . . . . . . 1.04 0.06 (0.13) 0.78 1.29
Net Earnings (loss) per Share—Assuming
Dilution:
Net Earnings (loss) from Continuing
Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1.60) (0.35)(0.68) 0.25 0.83
Net Earnings from Discontinued Operations . 2.62 0.40 0.55 0.53 0.46
Net Earnings (loss) per Share—Assuming
Dilution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.03 0.06 (0.13) 0.78 1.29
Dividends per Common Share. . . . . . . . . . . . . 0.05 0.05 0.05 0.05 0.05
Dividends per Class B Common Share . . . . . . 0.04545 0.04545 0.04545 0.04545 0.04545
Balance Sheet
Current Assets . . . . . . . . . . . . . . . . . . . . . . . . . $ 419,539 $ 567,949 $ 528,770 $ 526,159 $ 528,464
Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,096,434 1,262,294 1,281,054 1,280,400 1,359,501
Current Liabilities . . . . . . . . . . . . . . . . . . . . . . 276,165 299,735 287,939 290,308 290,327
Working Capital. . . . . . . . . . . . . . . . . . . . . . . . 143,374 268,214 240,831 235,851 238,137
Long-Term Debt . . . . . . . . . . . . . . . . . . . . . . . 31,184 229,375 260,440 238,090 272,234
Other Long-Term Obligations. . . . . . . . . . . . . 118,276 112,195 106,150 99,591 95,703
Shareholders’ Equity . . . . . . . . . . . . . . . . . . . . 670,809 620,989 626,525 652,411 701,237
Other Data
Research and Development Expenditures. . . . $ 24,544 $ 24,459 $ 27,556 $ 25,954 $ 25,725
Capital Expenditures . . . . . . . . . . . . . . . . . . . . 14,158 20,091 22,160 17,353 17,999
Depreciation and Amortization . . . . . . . . . . . . 36,789 38,593 38,883 36,804 40,562
Key Ratios
Return on Sales % from continuing
operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3.8) (0.8)(1.5) 0.6 1.9
Return on Average Assets %. . . . . . . . . . . . . . 2.8 0.1 (0.3) 1.9 3.1
Return on Beginning Shareholders’ Equity %. 5.3 0.3 (0.6) 3.6 7.7
Current Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . 1.5:1 1.9:1 1.8:1 1.8:1 1.8:1
Debt-to-Equity Ratio . . . . . . . . . . . . . . . . . . . . 0.1:1 0.4:1 0.4:1 0.4:1 0.4:1