EX-99.1 3 b44742ccexv99w1.txt UNAUDITED CONSOLIDATED BALANCE SHEETS EXHIBIT 99.1 CABOT CORPORATION CONSOLIDATED BALANCE SHEETS
September 30 2002 2001 ------- ------- Dollars in millions, except per share amounts (unaudited) Assets Current assets: Cash and cash equivalents $ 159 $ 364 Accounts and notes receivable, net of reserve for doubtful accounts of $4 and $4 304 267 Inventories 435 285 Prepaid expenses and other current assets 41 33 Deferred income taxes 20 19 ------- ------- Total current assets 959 968 ------- ------- Investments: Equity 48 76 Other 32 29 ------- ------- Total investments 80 105 ------- ------- Property, plant and equipment 2,019 1,856 Accumulated depreciation and amortization (1,134) (1,049) ------- ------- Net property, plant and equipment 885 807 ------- ------- Other assets: Goodwill 105 19 Intangible assets, net of accumulated amortization of $5 and $4 8 2 Deferred income taxes 4 2 Other assets 26 16 ------- ------- Total other assets 143 39 ------- ------- Total assets $ 2,067 $ 1,919 ======= =======
CABOT CORPORATION CONSOLIDATED BALANCE SHEETS
September 30 2002 2001 ------ ------ Dollars in millions, except per share amounts (unaudited) Liabilities and Stockholders' Equity Current liabilities: Notes payable to banks $ 40 $ 13 Current portion of long-term debt 5 30 Accounts payable and accrued liabilities 238 243 Deferred income taxes 3 5 ------ ------ Total current liabilities 286 291 ------ ------ Long-term debt 495 419 Deferred income taxes 104 94 Other liabilities 170 138 Commitments and contingencies Minority interest 35 27 Stockholders' equity: Preferred stock: Authorized: 2,000,000 shares of $1 par value Series A Junior Participating Preferred Stock Issued and outstanding: none Series B ESOP Convertible Preferred Stock 7.75% Cumulative Issued: 75,336 shares, outstanding: 56,274 and 59,148 shares (aggregate redemption value of $56 and $59) 75 75 Less cost of shares of preferred treasury stock (40) (33) Common stock: Authorized: 200,000,000 shares of $1 par value Issued and outstanding: 61,615,503 and 62,633,252 shares 62 63 Less Cost of shares of common treasury stock (6) -- Additional paid-in capital 5 9 Retained earnings 1,120 1,078 Unearned compensation (38) (40) Deferred employee benefits (51) (54) Notes receivable for restricted stock (23) (23) Accumulated other comprehensive loss (127) (125) ------ ------ Total stockholders' equity 977 950 ------ ------ Total liabilities and stockholders' equity $2,067 $1,919 ====== ======