-----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, N6V91f1Mipo4NjSA+d7phDTqUsKg+k0TNR5WB4edFLDg+DKUXgE7jdBG9GefIsOD LpL+eIkM675px33ewBdHIQ== 0000354964-97-000005.txt : 19970221 0000354964-97-000005.hdr.sgml : 19970221 ACCESSION NUMBER: 0000354964-97-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19970210 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970210 SROS: CSX SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOUSEHOLD INTERNATIONAL INC CENTRAL INDEX KEY: 0000354964 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 363121988 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08198 FILM NUMBER: 97521706 BUSINESS ADDRESS: STREET 1: 2700 SANDERS RD CITY: PROSPECT HEIGHTS STATE: IL ZIP: 60070 BUSINESS PHONE: 8475645000 MAIL ADDRESS: STREET 1: 2700 SANDERS ROAD CITY: PROSPECT HEIGHTS STATE: IL ZIP: 60070 8-K 1 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: February 10, 1997 ----------------- HOUSEHOLD INTERNATIONAL, INC. ----------------------------- (Exact name of registrant as specified in its charter) Delaware 1-8198 36-3121988 - ---------------------------------------------------------------- (State or other (Commission File (IRS Employer jurisdiction of Number) Identification incorporation) Number) 2700 Sanders Road, Prospect Heights, Illinois 60070 - ---------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 847/564-5000 ------------ 2 Item 5. Other Events Set forth in the Exhibit hereto is selected consolidated financial information which presents the financial position and results of operations for Household International, Inc. (the "Company") as of and for the years ended December 31, 1996 and 1995. Item 7. Financial Statements and Exhibits (a) Financial statements of business acquired. Not applicable. (b) Pro forma financial information. Not applicable. (c) Exhibits. No. Exhibit --- -------- 27 Financial Data Schedule. 99 Selected consolidated financial statements with respect to the operations of Household International, Inc. as of and for the years ended December 31, 1996 and 1995. 3 SIGNATURE Pursuant to the requirement 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. HOUSEHOLD INTERNATIONAL, INC. -------------------------------- (Registrant) By: /s/ David A. Schoenholz -------------------------------- David A. Schoenholz Executive Vice President - Chief Financial Officer, (a Principal Financial Officer), and on behalf of Household International, Inc. Dated: February 10, 1997 ----------------- 4 EXHIBIT INDEX Exhibit No. Exhibit - ----------- -------- 27 Financial Data Schedule. 99 Selected consolidated financial statements with respect to the operations of Household International, Inc. as of and for the years ended December 31, 1996 and 1995. EX-27 2
5 THE FOLLOWING SUMMARY FINANCIAL INFORMATION OF THE COMPANY AND ITS SUBSIDIARIES IS QUALIFIED IN ITS ENTIRETY BY THE DETAILED INFORMATION AND FINANCIAL STATEMENTS PREVIOUSLY FILED WITH THE SECURITIES & EXCHANGE COMMISSION. 1,000 12-MOS DEC-31-1996 DEC-31-1996 239,200 2,282,000 24,067,000 (1,596,200) 0 0 785,700 432,600 29,594,500 0 14,802,000 115,200 0 205,000 3,001,000 29,594,500 0 5,058,800 0 1,956,300 0 759,600 1,520,600 822,300 283,700 538,600 0 0 0 538,600 5.31 5.30 FINANCIAL STATEMENTS OF THE COMPANY WERE PREPARED IN ACCORDANCE WITH FINANCIAL INSTITUTION INDUSTRY STANDARDS. ACCORDINGLY, THE COMPANY'S BALANCE SHEETS WERE NON-CLASSIFIED.
EX-99 3 1 Consolidated Statements of Income Exhibit 99
Household International, Inc. and Subsidiaries In millions, except per share data. Year ended December 31 1996 1995 - ----------------------------------------------- -------- -------- Finance income $2,949.9 $2,878.8 Interest income from noninsurance investment securities 80.6 123.4 Interest expense 1,520.6 1,557.1 -------- -------- Net interest margin 1,509.9 1,445.1 Provision for credit losses on owned receivables 759.6 761.3 -------- -------- Net interest margin after provision for credit losses 750.3 683.8 -------- -------- Securitization income 1,149.0 873.6 Insurance revenues 253.4 322.1 Investment income 153.2 470.2 Fee income 240.3 196.4 Other income 232.4 279.9 -------- -------- Total other revenues 2,028.3 2,142.2 -------- -------- Salaries and fringe benefits 534.5 545.6 Occupancy and equipment expense 209.8 222.1 Other marketing expenses 498.1 359.5 Other servicing and administrative expenses 484.8 470.6 Policyholders' benefits 229.1 474.5 -------- -------- Total costs and expenses 1,956.3 2,072.3 -------- -------- Income before income taxes 822.3 753.7 Income taxes 283.7 300.5 -------- -------- Net income $ 538.6 $ 453.2 ======== ======== Earnings Per Common Share: Net income $ 538.6 $ 453.2 Preferred dividends (16.7) (26.4) -------- -------- Net income available to common shareholders $ 521.9 $ 426.8 ======== ======== Average common and common equivalent shares 98.5 99.3 -------- -------- Net income per common share $ 5.30 $ 4.30 -------- -------- /TABLE 2 Consolidated Balance Sheets
Household International, Inc. and Subsidiaries In millions. At December 31 1996 1995 - ---------------------------------------------- --------- --------- Assets Cash $ 239.2 $ 270.4 Investment securities 2,282.0 4,639.5 Receivables, net 24,244.8 21,844.1 Acquired intangibles, net 969.4 578.5 Properties and equipment, net 353.1 391.7 Real estate owned 136.6 136.5 Other assets 1,369.4 1,358.1 --------- --------- Total assets $29,594.5 $29,218.8 ========= ========= Liabilities and Shareholders' Equity Debt: Deposits $ 2,365.1 $ 4,708.8 Commercial paper, bank and other borrowings 6,428.1 6,659.4 Senior and senior subordinated debt (with original maturities over one year) 14,802.0 11,227.9 --------- --------- Total debt 23,595.2 22,596.1 Insurance policy and claim reserves 1,205.3 2,229.3 Other liabilities 1,472.8 1,422.5 --------- --------- Total liabilities 26,273.3 26,247.9 Company obligated mandatorily redeemable preferred securities of subsidiary trusts* 175.0 75.0 Preferred stock 205.0 205.0 Common shareholders' equity: Common stock, $1.00 par value, 150,000,000 shares authorized, 115,231,175 shares issued at December 31, 1996 and 1995 115.2 115.2 Additional paid-in capital 397.3 383.4 Retained earnings 3,076.8 2,696.6 Foreign currency translation adjustments (126.7) (127.1) Unrealized gain (loss) on investments, net (12.9) 94.3 Less common stock in treasury, 18,165,921 and 18,069,646 shares at December 31, 1996 and 1995, respectively, at cost (508.5) (471.5) --------- --------- Total common shareholders' equity 2,941.2 2,690.9 --------- --------- Total liabilities and shareholders' equity $29,594.5 $29,218.8 ========= ========= * The sole asset of the two trusts are Junior Subordinated Deferrable Interest Notes issued by Household International, Inc. in June 1996 and June 1995, bearing interest at 8.70 and 8.25 percent, respectively, and with principal balances of $103.1 and $77.3 million, respectively.
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