GLOBAL REACH. LEADlNG TECHNOLOGY. - Zonebourse.com

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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
Joy Global Inc. Notes to Consolidated Financial Statements October 31, 2008 Condensed Consolidated Statement of Income Fiscal Year Ended October 26, 2007 (In thousands) Parent Subsidiary Non-Guarantor Company Guarantors Subsidiaries Eliminations Consolidated Net sales $ - $ 1,597,623 $ 1,565,100 $ (615,401) $ 2,547,322 Cost of sales - 1,102,069 1,118,816 (500,251) 1,720,634 Product development, selling and administrative expenses 29,234 173,974 155,330 - 358,538 Other income - 31,109 (36,234) - (5,125) Operating income (loss) (29,234) 290,471 327,188 (115,150) 473,275 Intercompany items (9,435) (29,891) (54,958) 94,284 - Interest income (expense) - net (29,045) 1,326 2,775 - (24,944) Reorganization items (537) - 1,265 - 728 Income (loss) from continuing operations before income taxes and equity (68,251) 261,906 276,270 (20,866) 449,059 Provision (benefit) for income taxes (7,361) 135,471 41,165 - 169,275 Equity in income (loss) of subsidiaries 340,674 193,490 35,749 (569,913) - Net Income $ 279,784 $ 319,925 $ 270,854 $ (590,779) $ 279,784 F-43
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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
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future revenues. The ultra-class dr
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UNITED STATES SECURITIES AND EXCHAN
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PART I This document contains forwa
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connected bridge structures that ut
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Fiscal 2008 Developments: • First
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Raw Materials Joy purchases electri
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• costs and difficulties in integ
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Demand for our products may be adve
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Item 2. Properties As of October 31
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(1) Under a month to month lease (2
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Executive Officers of the Registran
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The following graph sets forth the
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Item 7. Management’s Discussion a
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Operating Income The following tabl
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Operating Income The following tabl
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is adjusted appropriately for futur
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Liquidity and Capital Resources Wor
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At October 31, 2008, there were no
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Page 47 and 48: Exchange Rate Table As of October 2
Page 49 and 50: Item 9A. Controls and Procedures (a
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Page 53 and 54: Inc. 2007 Stock Incentive Plan (inc
Page 55 and 56: Joy Global Inc. Form 10-K Item 8 an
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