EX-99.1 12 l86762aex99-1.txt EXHIBIT 99.1 1 EXHIBIT 99.1 THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES RESTATED CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS UNAUDITED
THREE SIX NINE TWELVE MONTHS MONTHS MONTHS MONTHS (In millions, except per share) ENDED ENDED ENDED ENDED MAR 31, JUNE 30, SEP 30, DEC 31, 1999 1999 1999 1999 --------- --------- -------- -------- NET SALES $3,099.1 $6,261.9 $9,678.3 $13,355.4 Cost of Goods Sold 2,443.7 4,967.4 7,878.1 10,832.3 Selling, Administrative and General Expense 444.8 920.0 1,435.4 2,016.7 Rationalizations 167.4 157.8 163.9 171.6 Interest Expense 37.7 77.3 123.5 179.4 Other (Income) Expense 5.3 11.0 (148.2) (147.1) Foreign Currency Exchange (34.6) (33.5) (34.8) (27.6) Equity in Earnings of Affiliates (1.8) (4.3) (6.8) (10.3) Minority Interest in Net Income of Subsidiaries 4.5 11.0 23.1 40.3 -------- -------- -------- --------- Income before Income Taxes 32.1 155.2 244.1 300.1 United States and Foreign Taxes on Income 8.2 48.2 37.9 56.9 -------- -------- -------- --------- NET INCOME $ 23.9 $ 107.0 $ 206.2 $ 243.2 Retained Earnings at Beginning of Period 3,651.2 3,651.2 3,651.2 3,651.2 CASH DIVIDENDS (47.1) (93.6) (140.8) (187.5) -------- -------- -------- --------- Retained Earnings at End of Period $3,628.0 $3,664.6 $3,716.6 $ 3,706.9 -------- -------- -------- --------- NET INCOME PER SHARE OF COMMON STOCK -- BASIC: $ 0.15 $ 0.69 $ 1.32 $ 1.55 -------- -------- -------- --------- Average Shares Outstanding 156.0 156.1 156.3 156.2 NET INCOME PER SHARE OF COMMON STOCK -- DILUTED: $ 0.15 $ 0.67 $ 1.30 $ 1.53 -------- -------- -------- --------- Average Shares Outstanding 157.8 159.6 159.5 158.9 CASH DIVIDENDS PER SHARE $ 0.30 $ 0.60 $ 0.90 $ 1.20 -------- -------- -------- ---------
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