-----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, U9o8kVIYbs2V4M2soHdQhTOExuI6Xl3c7lQk1yNxerHDS7rEzqmddz7RjWI8UScd 4k7ditmd2En53c3cGYilng== 0000051396-95-000035.txt : 19951124 0000051396-95-000035.hdr.sgml : 19951124 ACCESSION NUMBER: 0000051396-95-000035 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19951122 ITEM INFORMATION: Other events FILED AS OF DATE: 19951122 SROS: CSX SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MALLINCKRODT GROUP INC CENTRAL INDEX KEY: 0000051396 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 361263901 STATE OF INCORPORATION: NY FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00483 FILM NUMBER: 95596035 BUSINESS ADDRESS: STREET 1: 7733 FORSYTH BLVD CITY: ST LOUIS STATE: MO ZIP: 63105 BUSINESS PHONE: 3148545299 MAIL ADDRESS: STREET 1: 7733 FORSYTH BLVD CITY: ST LOUIS STATE: MO ZIP: 63105 FORMER COMPANY: FORMER CONFORMED NAME: IMCERA GROUP INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL MINERALS & CHEMICAL CORP DATE OF NAME CHANGE: 19900614 8-K 1 UNITED STATES 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 November 22, 1995 Mallinckrodt Group Inc. (Exact name of registrant as specified in its charter) New York 1-483 36-1263901 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 7733 Forsyth Boulevard, St. Louis, MO 63105-1820 (Address of principal executive offices) (ZIP Code) Registrant's telephone number, (314) 854-5200 including area code Item 5. Other Events Following are the Mallinckrodt Group Inc. fiscal 1995 and 1994 income statements as restated for the sale of the Feed Ingredients business.
MALLINCKRODT GROUP INC. RESTATED INCOME STATEMENT ($ IN MILLIONS) Fiscal 1995 ------------------------------------- Fiscal Qtr 1 Qtr 2 Qtr 3 Qtr 4 1995 ------- ------- ------- ------- -------- NET SALES Mallinckrodt Chemical $110.7 $121.8 $159.2 $185.1 $ 576.8 Mallinckrodt Medical 229.8 240.4 255.5 286.1 1,011.8 Mallinckrodt Veterinary 108.3 109.3 114.6 122.7 454.9 Intersegment Sales (.2) (.1) (.3) ------- ------- ------- ------- --------- $448.6 $471.5 $529.2 $593.9 $2,043.2 ======= ======= ======= ======= ========= OPERATING EARNINGS Mallinckrodt Chemical $ 6.6 $ 15.2 $ 20.3 $ 26.4 $ 68.5 Mallinckrodt Medical 50.9 51.4 57.6 68.3 228.2 Mallinckrodt Veterinary 4.2 5.8 8.4 10.3 28.7 Corporate (6.2) (7.4) (6.6) (8.5) (28.7) ------- ------- ------- ------- --------- $ 55.5 $ 65.0 $ 79.7 $ 96.5 $ 296.7 ======= ======= ======= ======= ========= Net Sales $448.6 $471.5 $529.2 $593.9 $2,043.2 Operating costs and expenses: Cost of goods sold 248.3 250.0 286.9 317.6 1,102.8 Selling, administrative and general expense 123.7 133.8 138.3 157.0 552.8 Research and development expense 23.2 24.5 23.6 26.5 97.8 Other operating (income) expense, net (2.1) (1.8) .7 (3.7) (6.9) ------- ------- ------- ------- --------- 393.1 406.5 449.5 497.4 1,746.5 ------- ------- ------- ------- --------- Operating earnings 55.5 65.0 79.7 96.5 296.7 Equity in pre-tax earnings of joint venture 6.1 4.1 6.3 8.8 25.3 Interest and other non- operating expense, net (.3) (.5) (.2) (3.3) (4.3) Interest expense (12.0) (11.8) (17.7) (14.0) (55.5) ------- ------- ------- ------- --------- Earnings from continuing operations before income taxes 49.3 56.8 68.1 88.0 262.2 Income tax provision 18.8 21.5 25.0 33.0 98.3 ------- ------- ------- ------- --------- Earnings from continuing operations 30.5 35.3 43.1 55.0 163.9 Discontinued operations 3.4 4.5 3.9 4.6 16.4 ------- ------- ------- ------- --------- Net earnings 33.9 39.8 47.0 59.6 180.3 Preferred stock dividends (.1) (.1) (.1) (.1) (.4) ------- ------- ------- ------- --------- Available for common shareholders $ 33.8 $ 39.7 $ 46.9 $ 59.5 $ 179.9 ======= ======= ======= ======= ========= Earnings Per Common Share Continuing operations $.40 $.45 $.56 $.70 $2.11 Discontinued operations .04 .06 .05 .06 .21 ------- ------- ------- ------- --------- Net earnings $.44 $.51 $.61 $.76 $2.32 ======= ======= ======= ======= =========
MALLINCKRODT GROUP INC. RESTATED INCOME STATEMENT ($ IN MILLIONS) Fiscal 1994 ------------------------------------- Fiscal Qtr 1 Qtr 2 Qtr 3 Qtr 4 1994 ------- ------- ------- ------- -------- NET SALES Mallinckrodt Chemical $102.5 $101.6 $111.3 $121.5 $ 436.9 Mallinckrodt Medical 200.9 225.5 222.7 263.2 912.3 Mallinckrodt Veterinary 103.5 95.9 111.4 118.7 429.5 Intersegment Sales (.7) (.1) (.8) ------- ------- ------- ------- --------- $406.2 $423.0 $445.4 $503.3 $1,777.9 ======= ======= ======= ======= ========= OPERATING EARNINGS (LOSS) Mallinckrodt Chemical $ 8.0 $ 11.4 $ 17.6 $ 24.7 $ 61.7 Mallinckrodt Medical 46.7 47.5 47.3 (12.6) 128.9 Mallinckrodt Veterinary 5.9 2.8 7.7 (15.4) 1.0 Corporate (7.7) (5.8) (7.6) (9.1) (30.2) Eliminations .1 .1 ------- ------- ------- ------- --------- $ 53.0 $ 55.9 $ 65.0 $(12.4) $ 161.5 ======= ======= ======= ======= ========= Net Sales $406.2 $423.0 $445.4 $503.3 $1,777.9 Operating costs and expenses: Cost of goods sold 217.7 224.3 229.9 260.0 931.9 Selling, administrative and general expense 115.6 119.4 126.0 135.7 496.7 Research and development expense 21.1 23.2 24.1 26.9 95.3 Restructuring charge 93.9 93.9 Other operating (income) expense, net (1.2) .2 .4 (.8) (1.4) ------- ------- ------- ------- --------- 353.2 367.1 380.4 515.7 1,616.4 ------- ------- ------- ------- --------- Operating earnings (loss) 53.0 55.9 65.0 (12.4) 161.5 Equity in pre-tax earnings of joint venture 3.8 3.2 4.8 6.7 18.5 Interest and other non- operating income (expense), net (.6) .4 .8 (1.0) (.4) Interest expense (8.6) (9.5) (10.4) (11.5) (40.0) ------- ------- ------- ------- --------- Earnings (loss) from continuing operations before income taxes 47.6 50.0 60.2 (18.2) 139.6 Income tax provision (benefit) 17.1 19.5 21.9 (6.8) 51.7 ------- ------- ------- ------- --------- Earnings (loss) from continuing operations 30.5 30.5 38.3 (11.4) 87.9 Discontinued operations 4.0 5.5 4.0 2.4 15.9 ------- ------- ------- ------- --------- Net earnings (loss) 34.5 36.0 42.3 (9.0) 103.8 Preferred stock dividends (.1) (.1) (.1) (.1) (.4) ------- ------- ------- ------- --------- Available for common shareholders $ 34.4 $ 35.9 $ 42.2 $ (9.1) $ 103.4 ======= ======= ======= ======= ========= Earnings (Loss) Per Common Share Continuing operations $.39 $.39 $.49 $(.15) $1.13 Discontinued operations .05 .07 .05 .03 .20 ------- ------- ------- ------- --------- Net earnings (loss) $.44 $.46 $.54 $(.12) $1.33 ======= ======= ======= ======= =========
MALLINCKRODT GROUP INC. ROGER A. KELLER Vice President, Secretary and General Counsel DATE: November 22, 1995 -----END PRIVACY-ENHANCED MESSAGE-----