GLOBAL REACH. LEADlNG TECHNOLOGY. - Zonebourse.com

inations Consolidated
Joy Global Inc.
Notes to Consolidated Financial Statements
October 31, 2008
Condensed Consolidated
Statement of Income
Fiscal Year Ended October 31, 2008
(In thousands)
Parent Subsidiary Non-Guarantor
Company Guarantors Subsidiaries Eliminations Consolidated
829,869) $ 3,418,934 Net sales $ - $ 2,152,573 $ 2,096,230 $ (829,869) $ 3,418,934
684,684) 2,428,929 Cost of sales - 1,537,081 1,576,532 (684,684) 2,428,929
-
Product development, selling
441,527 and administrative expenses 34,529 221,451 185,547 - 441,527
- Other (2,726) income - 45,436 (48,162) - (2,726)
145,185) 551,204 Operating income (loss) (34,529) 348,605 382,313 (145,185) 551,204
106,890 Intercompany - items 10,782 (62,811) (54,861) 106,890 -
- (21,698) Interest income (expense) - net (31,494) 778 9,018 - (21,698)
- Reorganization (2,419) items (364) - (2,055) - (2,419)
(38,295)
Income (loss) from continuing operations
527,087 before income taxes and equity (55,605) 286,572 334,415 (38,295) 527,087
- 153,950 Provision (benefit) for income taxes (47,781) 146,791 54,940 - 153,950
606,403) Equity - in income (loss) of subsidiaries 382,102 224,301 - (606,403) -
644,698) 373,137 Income (loss) from continuing operations 374,278 364,082 279,475 (644,698) 373,137
- Income 1,141 from discontinued operations - 1,141 - - 1,141
644,698) $ 374,278
Net Income $ 374,278 $ 365,223 $ 279,475 $ (644,698) $ 374,278
F-42
F-42