DOCSLIB.ORG

NASDAQ PCAR 2002.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
NASDAQ PCAR 2002.Pdf STATEMENT OF COMPANY BUSINESS As a multinational technology company, PACCAR manufactures heavy-duty, on- and off-road Class 8 trucks sold around the world under the Kenworth, Peterbilt, DAF and Foden nameplates. The company competes in the North American Class 6-7 market with its medium-duty models assembled in North America and sold under the Peterbilt and Kenworth nameplates. In addition, DAF manufactures Class 6-7 trucks in the Netherlands and Belgium for sale throughout Europe, the Middle East and Africa and distributes Class 4-7 trucks in Europe manufactured by Leyland Trucks (UK). • PACCAR manufactures and markets industrial winches under the Braden, Gearmatic and Carco nameplates and competes in the truck parts aftermarket through its dealer network. • Finance and Leasing subsidiaries facilitate the sale of PACCAR products in many countries worldwide. Significant company assets are employed in financial services activities. • PACCAR maintains exceptionally high standards of quality for all of its products: they are well-engineered, are highly customized for specific applications and sell in the premium segments of their markets, where they have a reputation for superior performance and pride of ownership. CONTENTS 1 Financial Highlights 2 Message to Shareholders 6 PACCAR Operations 22 Financial Charts 23 Management’s Discussion and Analysis 29 Consolidated Statements of Income 30 Consolidated Balance Sheets 32 Consolidated Statements of Cash Flows 33 Consolidated Statements of Stockholders’ Equity 34 Consolidated Statements of Comprehensive Income 34 Notes to Consolidated Financial Statements 48 Auditor’s Report 48 Selected Financial Data 49 Quarterly Results 49 Common Stock Market Prices and Dividends 50 Market Risks and Derivative Instruments 51 Officers and Directors 52 Divisions and Subsidiaries FINANCIAL HIGHLIGHTS 2002 2001 (millions except per share data) 1 Truck and Other Net Sales and Revenues $6,786.0 $5,641.7 Financial Services Revenues 432.6 458.8 Total Revenues 7,218.6 6,100.5 Net Income 372.0 173.6 Total Assets: Truck and Other 3,590.2 3,155.4 Financial Services 5,112.3 4,758.5 Truck and Other Long-Term Debt 33.9 40.7 Financial Services Debt 3,527.6 3,426.2 Stockholders’ Equity 2,600.7 2,252.6 Per Common Share: Net Income: Basic $ 3.22 $ 1.51 Diluted 3.20 1.50 Cash Dividends Declared 1.50 .97 All per share amounts have been restated to give effect to a 50% stock dividend in May 2002. REVENUES NET INCOME STOCKHOLDERS’ EQUITY billions of dollars millions of dollars billions of dollars 9.0 600 3.0 36% 7.5 500 2.5 30% 6.0 400 2.0 24% 4.5 300 1.5 18% 3.0 200 1.0 12% 1.5 100 0.5 6% 0.0 0 0.0 0% 93 94 95 96 97 98 99 00 01 02 93 94 95 96 97 98 99 00 01 02 93 94 95 96 97 98 99 00 01 02 I $17.5 million gain on sale of Return on Equity (percent) subsidiary – 1999 I $35 million gain on sale of subsidiary – 1997 PACCAR Inc and Subsidiaries TO OUR SHAREHOLDERS PACCAR had an excellent year in 2002 due to superior vehicle quality, geographic 2 diversification and innovative implementation of technology in all facets of the business. PACCAR increased its share in the North American and European markets to record levels, as customers recognized the benefits of the lower operating costs and higher residual values of PACCAR products. PACCAR delivered over 92,000 trucks and sold more than $1 billion of aftermarket parts and services during the year. Net income of $372 million was more than double 2001 earnings, and revenues of $7.2 billion were higher compared to the previous year. Dividends of $1.50 per share were declared during the year, including a special dividend of $.70. PACCAR has increased its regular quarterly dividend by 110 percent in the last five years. PACCAR declared a 3-for-2 stock dividend in May 2002. PACCAR achieved many milestones during 2002 by Several truck manufacturers in North America, adhering to its proven principles of producing the Europe and Japan are struggling due to their financial highest-quality products in the marketplace, investing losses and high cost structures. With the challenges in technology to benefit all aspects of the business these companies are facing, it is anticipated that there and ensuring rigorous cost controls throughout the will be additional consolidation within the commercial company. Ongoing investment in manufacturing vehicle market. facilities, parts distribution centers and technical PACCAR continued to set the pace for financial research and development enabled the company to performance for commercial vehicle manufacturers. be one of the low-cost manufacturers in the industry Return on beginning shareholder equity (ROE) was and to provide a broad array of innovative 16.5 percent in 2002, compared to 7.7 percent in 2001. customer services. The company’s 2002 after-tax return on sales (ROS) The North American truck market was buoyed was 5.5 percent, compared to 3.1 percent a year earlier. by the pull-forward demand caused by the PACCAR’s shareholder equity has increased 151 percent implementation of new engine-emission regulations in the last decade to $2.6 billion. PACCAR’s total in October 2002. The Class 8 truck market in North shareholder return in 2002 was 9 percent and has America, including Mexico, reached 180,000 vehicles, exceeded the Standard & Poor’s 500 Index for the a 4 percent increase from the previous year. The previous one-, five- and ten-year periods. European heavy-truck market was 11 percent lower INVESTING FOR THE FUTURE – PACCAR’s strong than in 2001, as the region experienced slower balance sheet, steady profit growth and quality focus economic growth. have enabled the company to maintain its investment in all aspects of the business. Capital expenditures resources, the successful launch of a new Human for the manufacturing facilities have resulted in Resource/Payroll system, the ongoing implementation productivity and assembly efficiency improvements. of the wireless infrastructure in all PACCAR facilities 3 PACCAR is recognized as one of the leading and the initiation of an electronic dealership-of-the- technology companies in North America. In future module. collaboration with leading software and hardware PACCAR’s information technology investment has companies, PACCAR has successfully integrated new benefited its dealers worldwide through the utilization technology to profitably support its own businesses as of interlocking technology in all aspects of the parts well as its dealers and customers. Fifty-four new and service business, which dramatically enhances the dealership locations were opened worldwide, including customer’s positive experience at the independent a DAF-owned facility in Berlin. dealerships. Standardized software and hardware Major capital projects during the year included the platforms using XML technology have enabled development of a new parts distribution center in the PACCAR to implement uniform applications for the U.K., expansion of the Atlanta parts distribution sales, service and parts business throughout the center, installation of new DAF engine assembly and Kenworth, Peterbilt and DAF distribution networks. machining lines, expansion of Peterbilt Division TRUCKS – U.S. and Canadian Class 8 retail sales in headquarters and the implementation of efficient, 2002 were 166,000 units and the Mexican market electronically controlled assembly tooling in the totaled 14,000. Western Europe heavy-truck manufacturing facilities. In addition, major truck registrations were 220,000 units. models were launched with updated features, including PACCAR’s Class 8 retail sales market share in the disc brakes and dashboard-installed telematic U.S. surged to a record 23.6 percent in 2002. DAF’s navigational systems. heavy-truck market share in Europe increased to a SIX SIGMA – Six Sigma is integrated into all business record 12.0 percent. activities at PACCAR and has been introduced into Industry Class 6 and 7 registrations in the U.S. and many of the company’s dealers and suppliers. Its Canada numbered 78,000, a 10 percent reduction from statistical methodology has been critical in the the previous year. In Europe, the 6- to 15-tonne development of new product design and manufacturing market was 77,000 units, a 12 percent decrease from processes, increased productivity and the establishment 2001. PACCAR increased its North American and of clearly defined quality standards in PACCAR’s European market share in the medium-duty truck manufacturing divisions. segment, as the company delivered nearly 18,000 Over 6,000 employees have been trained in Six medium-duty trucks and tractors in 2002. Sigma, and there are 600 active projects under way. Six The J.D. Power and Associates Customer Sigma, in conjunction with Supplier Quality, has been Satisfaction StudySM award in the United States for instrumental in delivering improved performance by medium-duty conventional trucks has been earned by our suppliers and has measurably enhanced the quality either Kenworth or Peterbilt for four consecutive years. and the fit and finish of trucks delivered worldwide. Kenworth and Peterbilt are the fastest-growing INFORMATION TECHNOLOGY – PACCAR has made medium-duty products in the marketplace, and this major steps in developing the competitive advantages growth has contributed to dealers’ profitability. of a strong Information Technology Division (ITD). Peterbilt’s factory in Denton, Texas, installed the PACCAR’s use of information technology is centered second phase of its robotic paint system for base-coat on developing software and hardware that will reduce application for the Model 387 and Model 379 manufacturing costs and generate increased sales and conventional trucks. The Peterbilt Nashville contract profitability. Major accomplishments during the year expired September 1, 2002, and negotiations continued include the integration of PACCAR’s European ITD through year-end.
Load more

Recommended publications
  • Toys for the Collector
    Hugo Marsh Neil Thomas Forrester Director Shuttleworth Director Director Toys for the Collector Tuesday 10th March 2020 at 10.00 PLEASE NOTE OUR NEW ADDRESS Viewing: Monday 9th March 2020 10:00 - 16:00 9:00 morning of auction Otherwise by Appointment Special Auction Services Plenty Close Off Hambridge Road NEWBURY RG14 5RL (Sat Nav tip - behind SPX Flow RG14 5TR) Dave Kemp Bob Leggett Telephone: 01635 580595 Fine Diecasts Toys, Trains & Figures Email: [email protected] www.specialauctionservices.com Dominic Foster Graham Bilbe Adrian Little Toys Trains Figures Due to the nature of the items in this auction, buyers must satisfy themselves concerning their authenticity prior to bidding and returns will not be accepted, subject to our Terms and Conditions. Additional images are available on request. Buyers Premium with SAS & SAS LIVE: 20% plus Value Added Tax making a total of 24% of the Hammer Price the-saleroom.com Premium: 25% plus Value Added Tax making a total of 30% of the Hammer Price Order of Auction 1-173 Various Die-cast Vehicles 174-300 Toys including Kits, Computer Games, Star Wars, Tinplate, Boxed Games, Subbuteo, Meccano & other Construction Toys, Robots, Books & Trade Cards 301-413 OO/ HO Model Trains 414-426 N Gauge Model Trains 427-441 More OO/ HO Model Trains 442-458 Railway Collectables 459-507 O Gauge & Larger Models 508-578 Diecast Aircraft, Large Aviation & Marine Model Kits & other Large Models Lot 221 2 www.specialauctionservices.com Various Diecast Vehicles 4. Corgi Aviation Archive, 7. Corgi Aviation Archive a boxed group of eight 1:72 scale Frontier Airliners, a boxed group of 1.
    [Show full text]
  • Michael Banfield Collection
    The Michael Banfield Collection Friday 13 and Saturday 14 June 2014 Iden Grange, Staplehurst, Kent THE MICHAEL BANFIELD COLLECTION Friday 13 and Saturday 14 June 2014 Iden Grange, Staplehurst, Kent, TN12 0ET Viewing Please note that bids should be ENquIries Customer SErvices submitted no later than 16:00 on Monday to Saturday 08:00 - 18:00 Thursday 12 June 09:00 - 17:30 Motor Cars Thursday 12 June. Thereafter bids +44 (0) 20 7447 7447 Friday 13 June from 09:00 +44 (0) 20 7468 5801 should be sent directly to the Saturday 14 June from 09:00 +44 (0) 20 7468 5802 fax Please call the Enquiries line Bonhams office at the sale venue. [email protected] when out of hours. +44 (0) 20 7468 5802 fax Sale times Automobilia Please see page 2 for bidder We regret that we are unable to Friday 13 June +44 (0) 8700 273 619 information including after-sale Automobilia Part 1 - 12 midday accept telephone bids for lots with collection and shipment a low estimate below £500. [email protected] Saturday 14 June Absentee bids will be accepted. Automobilia Part 2 - 10:30 Please see back of catalogue New bidders must also provide Motor Cars 15:00 (approx) for important notice to bidders proof of identity when submitting bids. Failure to do so may result Sale Number Illustrations in your bids not being processed. 22201 Front cover: Lot 1242 Back cover: Lot 1248 Live online bidding is CataloguE available for this sale £25.00 + p&p Please email [email protected] Entry by catalogue only admits with “Live bidding” in the subject two persons to the sale and view line 48 hours before the auction to register for this service Bids +44 (0) 20 7447 7448 +44 (0) 20 7447 7401 fax To bid via the internet please visit www.bonhams.com Bonhams 1793 Limited Bonhams 1793 Ltd Directors Bonhams UK Ltd Directors Registered No.
    [Show full text]
  • 2020 Annual Report Vision
    2020 Annual Report Vision To be the global technology leader in efficient power conveyance and energy- management solutions that enable our customers to achieve DANA their sustainability objectives. AT A Mission Our talented people power a customer-centric organization that is continuously improving the performance and efficiency GLANCE of vehicles and machines around the globe. We will consistently deliver superior products and services to our customers and will generate exceptional value for our shareholders. Established in 1904. Employing This mission is embodied in 38,000 people across 141 major our company theme: facilities in 33 countries. Shipping to 14,000 customers in 141 countries. Leveraging a global network Values of technology centers across Honesty and Integrity Good Corporate Citizenship 9 countries. Open Communication Continuous Improvement 2 Sales HIGHLIGHTS FINANCIAL $7.1 billion Adjusted EBITDA1 $593 million Diluted Adjusted EPS2 $0.39 Adjusted Free Cash Flow1 $60 million Future Sales Backlog $700 million All figures as of year-end December 31, 2020. 1 See pages 30-31 of Dana’s 2020 Form 10-K, included herein, for explanation and reconciliation of non-GAAP financial measures. 2 Diluted adjusted EPS is a non-GAAP financial measure, which we have defined as adjusted net income divided by adjusted diluted shares. See the “Quarterly Financial Information and Reconciliations of Non-GAAP Information” on Dana’s Investor Relations website at Dana.com/investors for explanation and calculation of diluted adjusted EPS. 3 SALES
    [Show full text]
  • PACCAR Inc (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2019 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____ to ____. Commission File Number 001-14817 PACCAR Inc (Exact name of Registrant as specified in its charter) Delaware 91-0351110 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 777 - 106th Ave. N.E., Bellevue, WA 98004 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (425) 468-7400 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, $1 par value PCAR The NASDAQ Global Select Market LLC Securities registered pursuant to Section 12(g) of the Act: NONE Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • The Stagflation Crisis and the European Automotive Industry, 1973-85
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Diposit Digital de la Universitat de Barcelona The stagflation crisis and the European automotive industry, 1973-85 Jordi Catalan (Universitat de Barcelona) The dissemination of Fordist techniques in Western Europe during the golden age of capitalism led to terrific rates of auto production growth and massive motorization. However, since the late 1960s this process showed signs of exhaustion because demand from the lowest segments began to stagnate. Moreover, during the seventies, the intensification of labour conflicts, the multiplication of oil prices and the strengthened competitiveness of Japanese rivals in the world market significantly squeezed profits of European car assemblers. Key companies from the main producer countries, such as British Leyland, FIAT, Renault and SEAT, recorded huge losses and were forced to restructure. The degree of success in coping with the stagflation crisis depended on two groups of factors. On the one hand, successful survival depended on strategies followed by the firms to promote economies of scale and scope, process and product innovation, related diversification, internationalization and, sometimes, changes of ownership. On the other hand, firms benefited from long-term path-dependent growth in their countries of origin’s industrial systems. Indeed, two of the main winners of the period, Toyota and Volkswagen, can rightly be seen as outstanding examples of Confucian and Rhine capitalism. Both types of coordinated capitalism contributed to the success of their main car assemblers during the stagflation slump. However, since then, global convergence with Anglo-Saxon capitalism may have eroded some of the institutional bases of their strength.
    [Show full text]
  • Daf Introduces Lf 2016 Edition Lower Costs, Increased Efficiency
    ISSUE 2 2015 IN ACTION DAF INTRODUCES LF 2016 EDITION LOWER COSTS, INCREASED EFFICIENCY DRIVEN BY QUALITY MAGAZINE OF DAF TRUCKS N.V. WWW.DAF.COM 2 SECTION GOOD BRAKING. BETTER DRIVING. INTARDER! Good braking means better driving. Better driving means driving more economically, safely, and more environmentally friendly. The ZF-Intarder hydrodynamic hydraulic brake allows for wear-free braking without fading, relieves the service brakes by up to 90 percent, and in doing so, reduces maintenance costs. Taking into account the vehicle’s entire service life, the Intarder offers a considerable savings potential ensuring quick amortization. In addition, the environment benefits from the reduced brake dust and noise emissions. Choose the ZF-Intarder for better performance on the road. www.zf.com/intarder IN ACTION 02 2015 IN THIS ISSUE: FOREWORD 3 4 DAF news A NEVER-ENDING RACE 6 Richard Zink: "Efficiency more Some two years after the Euro 6 emissions legislation came into important than ever" force, most people seem to have forgotten how much effort was expended by the truck industry to meet the requirements. 8 DAF LF 2016 Edition up to 5 percent It involved the development of new, state-of-the-art engine more fuel efficient technologies and of advanced exhaust after-treatment systems. These new technologies had a major impact on vehicle designs. DAF introduced a complete new generation of trucks: the Euro 6 LF, CF and XF. Never before was the degree of product innovation so large and never before production processes had to be changed so fundamentally. Understanding this, it is great to conclude that today we make the best trucks ever.
    [Show full text]
  • Unified List of United States Companies Doing Business in South Africa
    Unified List of United States Companies Doing Business in South Africa http://www.aluka.org/action/showMetadata?doi=10.5555/AL.SFF.DOCUMENT.af000264 Use of the Aluka digital library is subject to Aluka’s Terms and Conditions, available at http://www.aluka.org/page/about/termsConditions.jsp. By using Aluka, you agree that you have read and will abide by the Terms and Conditions. Among other things, the Terms and Conditions provide that the content in the Aluka digital library is only for personal, non-commercial use by authorized users of Aluka in connection with research, scholarship, and education. The content in the Aluka digital library is subject to copyright, with the exception of certain governmental works and very old materials that may be in the public domain under applicable law. Permission must be sought from Aluka and/or the applicable copyright holder in connection with any duplication or distribution of these materials where required by applicable law. Aluka is a not-for-profit initiative dedicated to creating and preserving a digital archive of materials about and from the developing world. For more information about Aluka, please see http://www.aluka.org Unified List of United States Companies Doing Business in South Africa Alternative title Unified List of United States Companies Doing Business in South Africa Author/Creator Knight, Richard; Africa Fund Publisher Africa Fund Date 1990 Resource type Pamphlets Language English Subject Coverage (spatial) South Africa, United States Coverage (temporal) 1970 - 1990 Source Africa Action Archive Rights By kind permission of Africa Action, incorporating the American Committee on Africa, The Africa Fund, and the Africa Policy Information Center.
    [Show full text]
  • Buyboard Contract 430 13
    12007 Research Boulevard · Austin, Texas 78759-2439 PH: 800-695-2919 · FAX: 800-211-5454 · www.vendor.buyboard.com PROPOSER’S AGREEMENT AND SIGNATURE Proposal Name: Vehicles and Heavy Duty Proposal Opening Date and Time: Trucks and Options October 8, 2013 at 3:00 PM Location of Proposal Opening: Texas Association of School Boards, Inc. BuyBoard Department Proposal Number: 430-13 12007 Research Blvd. Austin, TX 78759 Anticipated Cooperative Board Meeting Date: Contract Time Period: December 1, 2013 November 2013 through November 30, 2014 with two (2) possible one-year renewals. Name of Proposing Company Date _________________________________ Street Address Signature of Authorized Company Official City, State, Zip Printed Name of Authorized Company Official __________________________________ Telephone Number of Authorized Company Official Position or Title of Authorized Company Official _________________________________________ Fax Number of Authorized Company Official Federal ID Number The proposing company (“you” or “your”) hereby acknowledges and agrees as follows: 1. You have carefully examined and understand all Cooperative information and documentation associated with this Proposal Invitation, including the Instructions, General Terms and Conditions, Attachments/Forms, Item Specifications, and Line Items (collectively “Requirements”); 2. By your response (“Proposal”) to this Proposal Invitation, you propose to supply the products or services submitted at the prices quoted in your Proposal and in strict compliance with the Requirements, unless specific deviations or exceptions are noted in the Proposal; 3. Any and all deviations and exceptions to the Requirements have been noted in your Proposal and no others will be claimed; FORM A – PAGE 1 Form 8-6-13 PAPER 12007 Research Boulevard · Austin, Texas 78759-2439 PH: 800-695-2919 · FAX: 800-211-5454 · www.vendor.buyboard.com 4.
    [Show full text]
  • Changsha Istar Alternator Catalogue
    CHANGSHA ISTAR ALTERNATOR CATALOGUE Item OEM NO Reference NO Application CriteriaIllustration Remark (1974-1992)MB O303 KHD1179941 9.5L,15L,14.6L,15.9L,10.9L, 12.8L 0120689533 KASSBOHRER 7421348000 (1975-1987)MB O305 11.4L MB0091540802 (1976-1987)MB O307 11.4L DAF 655613 Superseded by MB 0051544502 0120689503 MB, Kassbohrer 0120689533 SCANIA 410674 DAF655613 T1(RL)28V JFZ2903B1 MB0051543502 Superseded by 0120689508 MB, Kassbohrer 65/120A KASSBOHRER 7421333000 0120689533 STEYR519510010010 Superseded by MB0061548602 0120689512 MB, Kassbohrer 0120689533 Superseded by MB0071542802 0120689520 Kassbohrer 0120689533 KASSBOHRER7421336000 Superseded by 0120689513 MB, Kassbohrer MB0061542102 0120689533 Superseded by 0120689514 0120689543 DAF420247/666754 Supersded by KHD1175597 0120689511 0120689543 SCANIA571519/666754 DAF1244090 IVECO 117982/42522949 (1990-1997)Scania 3-series T1(RL)28V JFZ2903B2 KHD 1179882 0120689543 11.2L,8.4L,11L 65/120A SCANIA160675/460675 VOLVO3032961 0120689528 CUMMINS 3 283 809 0120689561 DAF365270 Supersded by KHD1173846 0120689505 0120689511 VALMET835331551 (1984-1998)MB LK/LN2 5.9L,3.9L (1986-1987)MB O301 5.9L MB0091540902 0120689532 (1976-1987)MB O305 11.4L (1976-1987)MB O307 11.4L (1987-1996)MB SK 14.6L T1(RL)28V JFZ2903B3 55/110A Superseded by MB0051548402 0120689515 MB 0120689532 Item OEM NO Reference NO Application CriteriaIllustration Remark Superseded by MB0081547802 0120689530 MB 0120689535 T1(RL)28V JFZ2903B4 70/140A KASSBOHRER 7421354000 NEOPLAN/MAN MB0081547802 0120689535 MB, Kassbohrer,Van hool No: 11080818
    [Show full text]
  • We Know Agriculture Annual Report 2010 2 AGCO // Annual Report 2010
    We Know Agriculture ANNUAL REPORT 2010 2 AGCO // Annual Report 2010 AGCO AT A GLANCE As the world’s largest manufacturer focused purely on agricultural equipment, AGCO is uniquely positioned to increase farm productivity through high-tech solutions for professional farmers feeding the world. KEY BUSINESS FIGURES in million $ – except per share amounts 2010 2009 Change Net sales 6,896.6 6,516.4 5.8% Income from operations 324.2 218.7 48.2% Net income attributable to AGCO Corporation and subsidiaries 220.5 135.7 62.5% Total assets 5,436.9 4,998.9 8.8% Stockholders’ equity 2,659.2 2,394.4 11.1% Earnings per share(1) 2.29 1.44 59.0% Adjusted earnings per share(2) 2.32 1.55 49.7% (1) On a diluted basis. (2) For a reconciliation of adjusted earnings per share, see footnote 2 on page 37. SALES BY PRODUCT in % Tractors 15% Parts Combines 68% 6% Application equipment 4% 4% Implements and other 3% Hay and forage SALES BY GEOGRAPHIC REGION ADJUSTED EARNINGS PER SHARE in million $ in $ (1) NA 22% 2010 2.32 SA(2) 25% 2009 1.55 EAME(3) 49% ROW(4) 4% 2008 3.95 (1) North America (3) Europe, Africa, Middle East (2) South America (4) Rest of World: Asia, Australia/New Zealand, Eastern Europe ON THE COVER In 2010, AGCO made solid progress toward meeting its long-term growth objectives. Among other things, it was a year marked by numerous combine launches and the announcement of a strategic acquisition of a state-of-the-art combine facility, proof of our accelerated commitment towards improving harvesting productivity.
    [Show full text]
  • Truck Parts Catalogue Australian Transport Manufacturers Pty Ltd
    Australian TransportAT ManufacturersM Pty Ltd Truck Parts Catalogue Australian Transport Manufacturers Pty Ltd. Australian Truck & Trailer Parts. ABN: 87 140 887 501 ABN: 87 140 887 501 TELEPHONE: (07) 3277 5111 FAX: (07) 3875 1945 TELEPHONE: (07) 3277 5111 FAX: (07) 3875 1945 WEB: www.austranman.com.au WEB: www.aussietruckparts.com.au Shed 10/268 Evans Rd, Salisbury, Brisbane, QLD 4107 Shed 10/268 Evans Rd, Salisbury, Brisbane, QLD 4107 PO BOX 304, SALISBURY, QLD 4107 PO BOX 304, SALISBURY, QLD 4107 We Supply To … Albury Truck & Trailer Parts Australian Truck & Auto Parts Australia Advance Trailer Sales & Service Brown & Hurley BIS Industries Black Truck Sales BPW Transpec Pty Ltd BW Truck Parts Diesel Drive Pty Ltd Drake Trailers Elphinstone Trailers Fleet Gear Pty Ltd Fleet Parts & Equipment Pty Ltd Gibbs Truck & Trailer Parts Haulmark Trailers Hi Torque Truck Spares Hi Way 1 Truck & Tractor Holmwood Highgate Pty Ltd Howard Porter H.V. Equipment & Parts Pty Ltd Meritor H.V.S Aust Ltd Multispares Northern Truck Alignment Paccar – Kenworth Ratcliff Transport Spares Regional Transport Spares Pty Ltd Shepherd Transport Equipment Southern Cross Equipment Suncoast Truck Sales SX Trailers Swan Hill Truck Service Trailer Sales Truckline Toowoomba Truck Spares Transmile Pty Ltd Transparts Qld Pty Ltd Transpro Pty Ltd Volvo Commercial Vehicles Brisbane Truck Centre Westco Truck Sales Wrights Truck & Trailer Spares York Transport Equipment COPYRIGHT © Australian Transport Manufacturers Pty Ltd August 2017 COPYRIGHT © Australian Transport Manufacturers
    [Show full text]
  • PX Operator Manual PACCAR PX-9 Engine
    2017 Emissions 2017-2018 Model Years OperatorOperator’’ss ManualManual Warranty Contents Engine Operation ..................................... 1 Engine Maintenance ..................................... 2 Engine Warranty ..................................... 3 Contents © 2018 PACCAR Inc. - All Rights Reserved This manual illustrates and describes the operation of features or equipment which may be either standard or optional on this vehicle. This manual may also include a description of features and equipment which are no longer available or were not ordered on this vehicle. Please disregard any illustrations or descriptions relating to features or equipment which are not on this vehicle. PACCAR reserves the right to discontinue, change specifications, or change the design of its vehicles at any time without notice and without incurring any obligation. The information contained in this manual is proprietary to PACCAR. Reproduction, in whole or in part, by any means is strictly prohibited without prior written authorization from PACCAR Inc. ENGINE OPERATION 1 Chapter 1 | ENGINE OPERATION Safety - Introduction ............................................................................................................................ 6 Emergency - What To Do If ............................................................................................................... 11 Operating Instructions ....................................................................................................................... 14 Y53-1185-1E1 (04/16/18)
    [Show full text]