GLOBAL REACH. LEADlNG TECHNOLOGY. - Zonebourse.com

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Management’s Report on Internal Control Over Financial Reporting ontrol over financial Our management is responsible for establishing and maintaining adequate internal control over financial urance regarding reporting the (as defined in Rule 13a-15(f) under the Exchange Act), to provide reasonable assurance regarding the rposes in accordance reliability of our financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. t prevent or detect Due to its inherent limitations, internal control over financial reporting may not prevent or detect bject to the risk misstatements. that Also, projections of any evaluation of effectiveness to future periods are subject to the risk that e with the policies controls or may become inadequate due to changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. ief Executive Officer Under the supervision and with the participation of our management, including our Chief Executive Officer control over financial and Chief Financial Officer, we conducted an evaluation of the effectiveness of our internal control over financial dway Commission reporting in using the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in ded that our internal Internal Control—Integrated Framework. Based on its evaluation, our management concluded that our internal control over financial reporting was effective as of October 31, 2008. onsolidated Financial Ernst & Young LLP, an independent registered public accounting firm, has audited the Consolidated Financial an attestation report, Statements included in this Annual Report on Form 10-K and, as part of its audit, has issued an attestation report, included herein, on the effectiveness of our internal control over financial reporting. F-4 F-4
Joy Global Inc. Consolidated Statement of Income (In thousands, except for per share data) Fiscal Years Ended October 31, October 26, October 28, 2008 2007 2006 Net sales $ 3,418,934 $ 2,547,322 $ 2,401,710 Cost of sales 2,428,929 1,720,634 1,646,591 Product development, selling and administrative expenses 441,527 358,538 321,831 Other income (2,726) (5,125) (9,109) Operating income 551,204 473,275 442,397 Interest income 12,539 6,965 6,804 Interest expense (34,237) (31,909) (5,666) Reorganization items (2,419) 728 6,822 Income from continuing operations before income taxes 527,087 449,059 450,357 Provision for income taxes (153,950) (169,275) (35,501) Income from continuing operations 373,137 279,784 414,856 Income from discontinued operations, net of income taxes 1,141 - - Income before cumulative effect of changes in accounting principle 374,278 279,784 414,856 Cumulative effect of changes in accounting principle, net of income taxes - - 1,565 Net income $ 374,278 $ 279,784 $ 416,421 Basic earnings per share: Continuing operations $ 3.47 $ 2.54 $ 3.41 Discontinued operations .01 - - Cumulative effect - - .01 Net income $ 3.48 $ 2.54 $ 3.42 Diluted earnings per share: Continuing operations $ 3.44 $ 2.51 $ 3.37 Discontinued operations .01 - - Cumulative effect - - .01 Net income $ 3.45 $ 2.51 $ 3.38 Dividends per common share $ 0.625 $ 0.60 $ 0.45 Weighted average common shares Basic 107,472 110,354 121,682 Diluted 108,425 111,630 123,276 F-5
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global reach. leading technology. j
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f i n a n c i a l h i g h l i g h t
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than doubled from 2007, while after
Page 7 and 8: future revenues. The ultra-class dr
Page 9 and 10: UNITED STATES SECURITIES AND EXCHAN
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Page 13 and 14: PART I This document contains forwa
Page 15 and 16: connected bridge structures that ut
Page 17 and 18: Fiscal 2008 Developments: • First
Page 19 and 20: Raw Materials Joy purchases electri
Page 21 and 22: • costs and difficulties in integ
Page 23 and 24: Demand for our products may be adve
Page 25 and 26: Item 2. Properties As of October 31
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Page 33 and 34: Item 7. Management’s Discussion a
Page 35 and 36: Operating Income The following tabl
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Page 39 and 40: is adjusted appropriately for futur
Page 41 and 42: Liquidity and Capital Resources Wor
Page 43 and 44: At October 31, 2008, there were no
Page 45 and 46: We have a risk-averse Foreign Excha
Page 47 and 48: Exchange Rate Table As of October 2
Page 49 and 50: Item 9A. Controls and Procedures (a
Page 51 and 52: Item 15. Exhibits and Financial Sta
Page 53 and 54: Inc. 2007 Stock Incentive Plan (inc
Page 55 and 56: Joy Global Inc. Form 10-K Item 8 an
Page 57: Report of Independent Registered Pu
Page 61 and 62: LIABILITIES AND SHAREHOLDERS' EQUIT
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Page 65 and 66: Joy Global Inc. Notes to Consolidat
Page 69 and 70: 3. Goodwill and Intangible Assets J
Page 75 and 76: 6. Accounts Receivable Joy Global I
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Page 95 and 96: 22. Subsidiary Guarantors Joy Globa
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c o r p o r a t e i n f o r m a t i
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