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orningstar: SEE 10-Yr Financials | Income Statement | Sealed Ai... http://quicktake.morningstar.com/Stock/income10.asp?Country=... Home | Premium | Portfolio | Stocks | Funds | ETFs | Markets | Tools | Personal Finance | Discuss Morningstar Report Enter Ticker or Name: Find out how banking online with Citibank can get you $100. Go! Sealed Air SEE 10-Yr Financials | Income Statement Add to Portfolio Email Alert Print Income Statement Revenue (from 1991 to 2001) $Mil As originally reported Fiscal year-end: December Revenue COGS Gross Profit 1991 435.1 271.0 164.1 1992 446.1 278.4 167.6 1993 451.7 282.2 169.5 1994 519.2 327.4 191.8 1995 723.1 467.0 256.2 1996 789.6 495.2 294.4 1997 842.8 523.5 319.3 1998 2,506.8 1,638.0 868.7 1999 2,839.6 1,810.9 1,028.7 2000 3,067.7 2,032.4 1,035.3 2001 3,067.5 2,077.2 990.3 Operating Expenses $Mil SG&A R&D Other Operating Income 1991 94.6 --0.0 69.5 1992 95.4 --0.0 72.2 1993 95.4 --0.0 74.1 1994 107.9 --0.0 83.9 1995 147.3 --0.0 108.9 1996 164.4 --0.0 130.1 1997 172.8 --8.4 138.1 1998 486.2 --123.3 259.3 1999 527.1 --49.4 452.2 2000 516.3 --50.5 468.5 2001 513.1 --89.8 387.4 Other Income and Expense $Mil Net Int Inc & Other Earnings Before Taxes Income Taxes Earnings After Taxes Acctg Changes Disc Operations Ext Items Net Income Diluted EPS, Cont Ops$ Diluted EPS$ Total Shares 1991 (38.0) 31.5 15.3 16.2 ------16.2 0.44 0.44 37.0 1992 (33.4) 38.8 18.1 20.8 ------20.8 0.54 0.54 38.4 1993 (28.7) 45.5 19.6 25.9 1.5 ----27.4 0.66 0.70 39.2 1994 (22.7) 61.2 24.0 37.2 ----(5.6) 31.6 0.94 0.80 39.9 1995 (21.7) 87.2 34.4 52.7 ------52.7 1.25 1.25 42.1 1996 (15.5) 114.6 45.3 69.3 ------69.3 1.63 1.63 42.5 1997 (4.6) 133.5 53.6 79.9 ------79.9 1.88 1.88 42.6 1998 (60.4) 199.0 125.9 73.0 ------2.9 0.02 0.02 73.0 1999 (56.5) 395.7 184.2 211.5 ------141.6 1.68 1.68 83.6 2000 (55.0) 413.4 188.1 225.3 ------206.3 1.93 1.93 83.7 2001 (89.9) 297.5 140.8 156.7 ------109.1 1.22 1.22 83.7 1 of 2 3/17/2003 4:35 PM Morningstar: SEE 10-Yr Financials | Balance Sheet | Sealed Air Report http://quicktake.morningstar.com/Stock/balance10.asp?Country=... Home | Premium | Portfolio | Stocks | Funds | ETFs | Markets | Tools | Personal Finance | Discuss Morningstar Report Enter Ticker or Name: Find out how banking online with Citibank can get you $100. Go! Sealed Air SEE 10-Yr Financials | Balance Sheet Add to Portfolio Email Alert Print Balance Sheet As originally reported Assets $Mil Cash and Equiv Short-Term Investments Accts Rec Inventory Other Current Assets Total Current Assets Net PP&E Intangibles Other Long-Term Assets Total Assets 1991 20.2 --63.7 28.3 73.8 186.0 116.5 18.3 21.7 342.5 1992 26.0 --64.6 28.3 3.9 122.8 112.2 17.3 16.0 268.3 1993 19.4 --67.0 32.0 9.8 128.2 120.8 16.5 14.4 279.8 1994 11.2 --91.3 38.3 11.1 151.8 136.2 29.4 13.8 331.1 1995 7.7 --116.5 54.5 17.5 196.2 169.9 54.0 23.5 443.6 1996 3.0 --124.2 57.2 22.5 207.0 174.6 59.8 25.7 467.1 1997 35.5 --132.3 58.9 24.1 250.8 171.1 52.6 23.9 498.4 1998 45.0 --513.0 275.3 11.3 844.6 1,116.6 1,907.7 171.0 4,039.9 1999 13.7 --533.6 245.9 10.0 803.2 1,023.4 1,860.0 168.6 3,855.2 2000 11.2 --548.6 309.1 8.1 877.1 1,032.1 1,959.9 179.0 4,048.1 2001 13.8 --463.8 288.6 10.2 776.4 1,050.4 1,913.0 168.1 3,907.9 Liabilities and Stockholders' Equity $Mil Accts Payable Short-Term Debt Income Taxes Payable Accrued Liabilities Other Short-Term Liabilities Total Current Liabilities Long-Term Debt Other Long-Term Liabilities Total Liabilities Total Stockholders' Equity Total Liabilities & Equity 1991 21.8 11.7 8.9 28.0 29.5 99.9 253.8 15.9 369.5 (94.6) 1992 21.4 15.2 10.4 25.3 21.1 93.4 225.3 15.9 334.6 (66.3) 1993 22.9 10.1 11.0 28.5 21.8 94.3 190.1 24.9 309.2 (29.4) 1994 43.0 22.6 16.6 22.1 31.8 136.1 155.3 28.8 320.1 11.0 1995 44.5 18.0 15.7 28.3 47.8 154.2 149.8 33.2 337.2 106.3 1996 46.9 2.9 15.7 33.8 48.8 148.1 99.9 32.5 280.5 186.7 1997 48.8 2.6 12.7 36.2 63.2 163.6 48.5 29.0 241.1 257.3 1998 176.6 85.1 ----273.3 535.0 996.5 2,071.4 3,602.9 437.1 1999 175.2 159.6 ----247.4 582.1 665.1 2,057.0 3,304.2 551.0 2000 154.9 291.9 ----227.8 674.6 944.5 1,675.9 3,295.0 753.1 2001 135.5 137.5 5.1 --348.9 627.0 788.1 1,642.7 3,057.8 850.2 274.9 268.3 279.8 331.1 443.5 467.1 498.4 4,039.9 3,855.2 4,048.1 3,907.9 Common Size 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 1 of 3 3/17/2003 4:38 PM Morningstar: SEE 10-Yr Financials | Cash Flows | Sealed Air Report http://quicktake.morningstar.com/Stock/cashflow10.asp?Country... Home | Premium | Portfolio | Stocks | Funds | ETFs | Markets | Tools | Personal Finance | Discuss Morningstar Report Enter Ticker or Name: Open the door to a world of investing opportunities. Click to visit our International Investing Center. Sealed Air SEE 10-Yr Financials | Cash Flows Add to Portfolio Email Alert Print Cash Flows As originally reported Cash Flows From Operating Activities $Mil Net Income Depr & Amort Deferred Taxes Other Cash from Operations 1991 16.2 22.9 (3.1) 8.9 44.9 1992 20.8 23.6 0.8 1.3 46.5 1993 27.4 24.5 2.9 (1.7) 53.1 1994 31.6 23.5 0.4 7.4 62.9 1995 52.7 35.3 (1.4) (11.4) 75.2 1996 69.3 39.9 (5.3) 12.1 116.1 1997 79.9 22.6 (2.9) (14.4) 85.1 1998 73.0 196.0 24.0 118.7 411.7 1999 211.5 223.6 19.4 (24.0) 430.4 2000 225.3 220.0 20.4 (136.2) 329.4 2001 156.7 221.2 (9.1) 209.9 578.7 Cash Flows From Investing Activities $Mil Cap Ex Purchase of Business Other Cash from Investing 1991 (16.0) (4.1) 4.3 (15.7) 1992 (11.2) --1.1 (10.2) 1993 (22.5) (1.2) 0.2 (23.4) 1994 (17.5) (15.3) 0.2 (32.5) 1995 (21.1) (27.7) 0.8 (48.0) 1996 (17.0) (30.0) 1.5 (45.5) 1997 (24.4) (10.1) 0.5 (34.0) 1998 (82.4) 43.0 1.1 (38.3) 1999 (75.1) (25.8) 3.6 (97.3) 2000 (114.2) (237.5) 2.7 (349.0) 2001 (146.3) (36.0) 4.4 (177.9) Cash Flows From Financing Activities $Mil 1991 Net Issuance of Stock Net Issuance of Debt Dividends Other Cash from Financing Currency Adj Change in Cash 0.0 (26.6) --0.8 (25.8) (0.4) 3.0 1992 0.0 (24.3) --(6.0) (30.3) (0.2) 5.9 1993 0.0 (38.3) --2.0 (36.2) (0.1) (6.7) 1994 0.0 (38.8) --(0.3) (39.1) 0.4 (8.2) 1995 0.0 (39.0) --8.1 (30.9) 0.2 (3.5) 1996 0.0 (68.9) --(6.2) (75.1) (0.1) (4.7) 1997 (8.8) (43.2) --10.7 (41.2) (0.6) 9.3 1998 (25.3) 993.6 (36.0) (1,257.5) (325.1) (3.3) 45.0 1999 (35.9) (334.5) (71.6) 74.8 (367.2) 2.8 (31.3) 2000 (345.3) 291.4 (67.9) 129.5 7.7 9.5 (2.4) 2001 (18.3) (151.4) (69.2) (163.8) (402.6) 4.4 2.6 Free Cash Flow $Mil 1991 Cash from Operations Cap Ex Free Cash Flow 44.9 (16.0) 29.0 1992 46.5 (11.2) 35.3 1993 53.1 (22.5) 30.6 1994 62.9 (17.5) 45.5 1995 75.2 (21.1) 54.2 1996 116.1 (17.0) 99.1 1997 85.1 (24.4) 60.8 1998 411.7 (82.4) 329.2 1999 430.4 (75.1) 355.3 2000 329.4 (114.2) 215.2 2001 578.7 (146.3) 432.4 Cash Flow Ratios 1991 Operating Cash Flow Growth-YOY --1992 3.6% 1993 14.1% 1994 18.5% 1995 19.5% 1996 54.3% 1997 (26.7%) 1998 383.6% 1999 4.5% 2000 (23.5%) 2001 75.7% 1 of 2 3/17/2003 4:39 PM How to Read Financial Statements http://www.moneychimp.com/articles/financials/fundamentals.htm How to Read an Annual Report If you're interested in the stock market, then sooner or later you'll want to know how to research a company's fundamentals: key numbers from the financial statements that help you gauge a company's financial health and future. But unless you're a professional accountant, you may find that a look at an annual report is like a visit to an alien planet; you'll encounter odd terminology, strange calculations, and of course big numbers. This guide should help make things more accessible. It explains the three important financial statements from the annual report of a fictitious company: Introduction / Diagram Income Statement Cash Flow Statement Balance Sheet Books & Links Income Statement Cash Flow Statement How good the company is at making money How they're paying for their operations and their future growth What the company owns and owes Balance Sheet But first, here's an interactive diagram of the big picture that the annual report is trying to convey. Arrows indicate the movement of cash. Click on any hot zone; information will appear below the diagram. 1 of 2 3/17/2003 4:49 PM ...
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This note was uploaded on 10/29/2009 for the course FNC 501 taught by Professor Gore during the Spring '09 term at Bahcesehir University.

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