Anheuser-Busch Companies Form 8-K

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KK+QmUC+IWyX23TUYRTrQhs3KA+/p5WjpFSQTbLl7+QJH2R2hNJhj3RnKy8xzU/g d8W2wqFUTnpUNYJdTxFVPg== 0000950138-02-000128.txt : 20020625 0000950138-02-000128.hdr.sgml : 20020625 20020625172414 ACCESSION NUMBER: 0000950138-02-000128 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020625 ITEM INFORMATION: Change in fiscal year FILED AS OF DATE: 20020625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANHEUSER BUSCH COMPANIES INC CENTRAL INDEX KEY: 0000310569 STANDARD INDUSTRIAL CLASSIFICATION: MALT BEVERAGES [2082] IRS NUMBER: 431162835 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07823 FILM NUMBER: 02686880 BUSINESS ADDRESS: STREET 1: ONE BUSCH PL CITY: ST LOUIS STATE: MO ZIP: 63118-1852 BUSINESS PHONE: 3145777371 MAIL ADDRESS: STREET 1: ONE BUSCH PL CITY: ST LOUIS STATE: MO ZIP: 63118-1852 8-K 1 form8k_062502.htm FORM 8-K - JUNE 25, 2002 Anheuser-Busch Companies Form 8-K - June 25, 2002

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event

reported):

June 25, 2002

ANHEUSER-BUSCH COMPANIES, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware

1-7823

43-1162835

(State or Other
Jurisdiction of
Incorporation)

(Commission File
Number)

(I.R.S. Employer
Identification Number)

One Busch Place, St. Louis, Missouri

63118

(Address of Principal Executive Offices)

(Zip Code)

Registrant's telephone number, including area code:

314-577-2000

Item 5. Other Events.

Effects From The Adoption Of Goodwill Accounting Standard

Effective January 1, 2002, Anheuser-Busch adopted FAS 142, “Goodwill and Other Intangible Assets,” and ceased goodwill amortization as of January 1, 2002. The Company has completed the required transitional goodwill impairment analysis for FAS 142 adoption purposes and found no impaired goodwill.

FAS 142 does not permit restatement of previously issued financial statements. The following table sets forth reported operating results for Anheuser-Busch Companies for the preceding three years, and what net income and earnings per share would have been had FAS 142 been applied in all years shown (with goodwill amortization ceasing on January 1, 1999).

In Millions, Except Per Share		2001				2000				1999


Gross Sales	$	14,973.0			$	14,534.2			$	13,914.5
Excise Taxes	(2,061.5)				(2,034.8)				(2,019.6)

Net Sales		12,911.5				12,499.4				11,894.9
Cost of Products and Services	(7,950.4)				(7,829.9)				(7,445.6)

Gross Profit			4,961.1				4,669.5				4,449.3
Marketing, Dist. and Administrative Expenses	(2,255.9)				(2,174.8)				(2,147.0)
Gain on Sale of SeaWorld Cleveland				17.8				–				–

Operating Income			2,723.0				2,494.7				2,302.3
Interest Expense			(361.2)				(348.2)				(307.8)
Interest Capitalized				26.9				33.3				18.2
Interest Income				1.1				1.1				4.3
Other Expense, Net			(12.2)				(1.0)				(9.4)

Income Before Income Taxes			2,377.6				2,179.9				2,007.6
Provision For Income Taxes			(913.2)				(828.3)				(762.9)
Equity Income, Net of Tax			240.1				200.0				157.5

Net Income		$	1,704.5			$	1,551.6			$	1,402.2


Reported Net Income		$	1,704.5			$	1,551.6			$	1,402.2
Add Back: Goodwill Amortization				35.8				31.8				30.0

Net Income Excluding Goodwill Amortization		$	1,740.3			$	1,583.4			$	1,432.2

Reported Basic Earnings Per Share			$	1.91			$	1.71			$	1.49
Add Back: Goodwill Amortization				.05				.04				.04

Basic Earnings Per Share Excluding Goodwill
Amortization			$	1.96			$	1.75			$	1.53


Reported Diluted Earnings Per Share			$	1.89			$	1.69			$	1.47
Add Back: Goodwill Amortization				.04				.03				.03

Diluted Earnings Per Share Excluding Goodwill
Amortization			$	1.93			$	1.72			$	1.50


Weighted Average Shares Outstanding:
Basic			890.1				906.1				939.0
Diluted			901.6				919.7				953.7

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.