Chairman's - FMC Corporation

FMC CORPORATION
CONSOLIDATED BALANCE SHEETS
ASSETS
December 31,
2009 2008
(in Millions, Except Share
and Par Value Data)
Current assets
Cash and cash equivalents ...................................................... $ 76.6 $ 52.4
Trade receivables, net of allowance of $18.2 in 2009 and $16.3 in 2008 .................. 749.6 687.7
Inventories . ................................................................. 350.5 380.8
Prepaid and other current assets ................................................. 138.0 135.0
Deferred income taxes ......................................................... 173.0 176.9
Total current assets .......................................................... 1,487.7 1,432.8
Investments ................................................................. 22.4 20.6
Property, plant and equipment, net ............................................... 964.5 939.2
Goodwill ................................................................... 209.5 197.0
Other assets ................................................................. 211.4 160.7
Deferred income taxes ......................................................... 240.7 243.6
Total assets ................................................................. $3,136.2 $2,993.9
LIABILITIES AND EQUITY
Current liabilities
Short-term debt .............................................................. $ 33.4 $ 28.6
Current portion of long-term debt ................................................ 22.5 2.1
Accounts payable, trade and other ............................................... 290.5 372.3
Accrued and other liabilities .................................................... 180.8 188.8
Accrued payroll .............................................................. 52.2 58.6
Accrued customer rebates ...................................................... 67.3 53.6
Guarantees of vendor financing ................................................. 49.5 20.3
Accrued pension and other postretirement benefits, current ............................ 9.4 10.2
Income taxes ................................................................ 3.6 24.6
Total current liabilities ....................................................... 709.2 759.1
Long-term debt, less current portion .............................................. 588.0 592.9
Accrued pension and other postretirement benefits, long-term ......................... 364.8 366.1
Environmental liabilities, continuing and discontinued ............................... 167.0 158.8
Reserve for discontinued operations .............................................. 41.7 37.5
Other long-term liabilities ......................................................
Commitments and contingent liabilities (Note 18)
Equity
Preferred stock, no par value, authorized 5,000,000 shares; no shares issued or outstanding in
132.4 113.1
2009 and 2008 .............................................................
Common stock, $0.10 par value, authorized 130,000,000 shares in 2009 and 2008 92,991,896
— —
issued in 2009 and 2008 ..................................................... 9.3 9.3
Capital in excess of par value of common stock ..................................... 388.6 395.5
Retained earnings ............................................................ 1,716.9 1,524.7
Accumulated other comprehensive income (loss) ....................................
Treasury stock, common, at cost; 20,473,016 shares in 2009 and 20,481,937 shares in
(279.2) (276.1)
2008 . .................................................................... (759.2) (750.5)
Total FMC stockholders’ equity ................................................. 1,076.4 902.9
Noncontrolling interests ....................................................... 56.7 63.5
Total equity ................................................................. 1,133.1 966.4
Total liabilities and equity .................................................... $3,136.2 $2,993.9
The accompanying notes are an integral part of these consolidated financial statements.
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