EX-13 8 edgar-dividendpolicypage.txt DIVIDEND POLICY DIVIDEND POLICY The Company has never declared or paid a cash dividend on its common stock. It is the present policy of the Company's Board of Directors to retain all earnings to finance the Company's operations. PRICE RANGE OF COMMON STOCK Since April 1981, Intergraph common stock has traded on The Nasdaq Stock Market under the symbol INGR. As of January 31, 2003, there were 46,227,249 shares of common stock outstanding, held by 5,818 shareholders of record. The following table sets forth, for the periods indicated, the high and low sale prices of the Company's common stock as reported on The Nasdaq Stock Market. ------------------------------------------------------------------- 2002 2001 Period High Low High Low ------------------------------------------------------------------- First Quarter $17.95 $13.41 $11.38 $5.75 Second Quarter 19.73 12.98 15.97 8.34 Third Quarter 18.45 13.91 15.06 8.69 Fourth Quarter 20.00 16.21 13.88 8.25 =================================================================== TRANSFER AGENT AND REGISTRAR INDEPENDENT AUDITORS Computershare Investor Services, LLC Ernst & Young LLP 2 North LaSalle Street 1901 Sixth Avenue North Chicago, IL 60602 Suite 1900 AmSouth/Harbert (312) 588-4991 Plaza Birmingham, AL 35203 FORM 10-K A copy of the Company's Form 10-K filed with the Securities and Exchange Commission is available without charge upon written request to: Investor Relations, Intergraph Corporation IW2003, Huntsville, AL 35894-0001, Phone (256) 730-2184 ANNUAL MEETING The annual meeting of Intergraph Corporation will be held May 15, 2003, at the Corporate offices in Huntsville, Alabama. ------------------------------------------------------------------- REPORT OF INDEPENDENT AUDITORS To the Board of Directors and Shareholders Intergraph Corporation We have audited the accompanying consolidated balance sheets of Intergraph Corporation and subsidiaries as of December 31, 2002 and 2001, and the related consolidated statements of income, shareholders' equity, and cash flows for each of the three years in the period ended December 31, 2002. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Intergraph Corporation and subsidiaries, at December 31, 2002 and 2001, and the consolidated results of their operations and their cash flows for each of the three years in the period ended December 31, 2002 in conformity with accounting principles generally accepted in the United States. Birmingham, Alabama January 31, 2003 /s/ Ernst & Young, LLP