 |
 |
 |
|
| |
| At
October 31, |
|
2000 |
|
1999 |
|
| (in
thousands, except per share amounts) |
|
|
|
|
| |
|
|
|
|
| Assets |
|
|
|
|
| Current
Assets |
|
|
|
|
| Cash
and cash equivalents |
$ |
69,426 |
$ |
209,614 |
| Accounts
and notes receivable |
|
665,117 |
|
850,557 |
| Contract
work in progress |
|
439,208 |
|
416,285 |
| Inventories
|
|
106,711 |
|
248,118 |
| Deferred
taxes |
|
112,156 |
|
105,502 |
| Other
current assets |
|
55,175 |
|
80,095 |
|
| Total
current assets |
|
1,447,793 |
|
1,910,171 |
|
| Net
assets of discontinued operations |
|
866,199 |
|
— |
| Property,
Plant and Equipment |
|
|
|
|
| Land |
|
61,035 |
|
71,664 |
| Buildings
and improvements |
|
319,114 |
|
352,883 |
| Machinery
and equipment |
|
718,011 |
|
2,103,663 |
| Mining
properties and mineral rights |
|
— |
|
858,965 |
| Construction
in progress |
|
100,023 |
|
81,422 |
|
| |
|
1,198,183 |
|
3,468,597 |
| Less
accumulated depreciation, depletion and amortization |
|
441,418 |
|
1,245,644 |
|
| Net
property, plant and equipment |
|
756,765 |
|
2,222,953 |
|
| Other
assets |
|
|
|
|
| Goodwill,
net of accumulated amortization of $42,591 and $32,458,
respectively |
|
97,531 |
|
116,045 |
| Investments |
|
92,872 |
|
167,891 |
| Deferred
taxes |
|
86,056 |
|
— |
| Other |
|
305,518 |
|
469,057 |
|
| Total
other assets |
|
581,977 |
|
752,993 |
|
| |
$ |
3,652,734 |
$ |
4,886,117 |
| |
|
| |
|
|
|
|
| Liabilites
and Shareholders’ Equity |
|
|
|
|
| Current
Liabilities |
|
|
|
|
| Trade
accounts payable |
$ |
530,332 |
$ |
793,465 |
| Short-term
debt |
|
253,512 |
|
247,911 |
| Advance
billings on contracts |
|
395,872 |
|
565,373 |
| Accrued
salaries, wages and benefit plan liabilities |
|
242,311 |
|
321,148 |
| Other
accrued liabilities |
|
198,348 |
|
276,413 |
|
| Total
current liabilities |
|
1,620,375 |
|
2,204,310 |
|
| Long-Term
Debt Due After One Year |
|
17,573 |
|
317,555 |
| Noncurrent
Liabilities |
|
|
|
|
| Deferred
taxes |
|
— |
|
162,210 |
| Other |
|
405,529 |
|
620,670 |
|
| Total
noncurrent liabilities |
|
405,529 |
|
782,880 |
|
| Contingencies
and Commitments |
|
|
|
|
| Shareholders’
Equity |
|
|
|
|
| Capital
stock |
|
|
|
|
| --Preferred
– authorized 20,000,000 shares without par value,
none issued |
|
|
|
|
--Common
– authorized 150,000,000 shares of $0.625 par value;
issued and outstanding in 2000 – 75,743,345 shares
and in 1999 – 76,034,296 shares
|
|
47,339 |
|
47,521 |
| Additional
capital |
|
212,107 |
|
217,844 |
| Unamortized
executive stock plan expense |
|
(27,093) |
|
(21,579) |
| Accumulated
other comprehensive income |
|
(46,400) |
|
(37,752) |
| Retained
earnings |
|
1,423,304 |
|
1,375,338 |
|
| Total
shareholders' equity |
|
1,609,257 |
|
1,581,372 |
|
| |
$ |
3,652,734 |
$ |
4,886,117 |
| |
|
| |
| See
Notes to Consolidated Financial Statements. |
| |
|
|
|
|
