-----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, Gpb4TAqJTZsTpSR4YtD+HF0ahmEj6Z+Z2WCgpImq/cSCKlEXina2BJ1oEdyyqVrY WrUyTMAuqdNcSydmS8s//w== 0000059198-98-000020.txt : 19981113 0000059198-98-000020.hdr.sgml : 19981113 ACCESSION NUMBER: 0000059198-98-000020 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19980930 FILED AS OF DATE: 19981112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AEROQUIP-VICKERS INC CENTRAL INDEX KEY: 0000059198 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 344288310 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: SEC FILE NUMBER: 001-00924 FILM NUMBER: 98744434 BUSINESS ADDRESS: STREET 1: 3000 STRAYER CITY: MAUMEE STATE: OH ZIP: 43537 BUSINESS PHONE: 4198672200 MAIL ADDRESS: STREET 1: 3000 STRAYER CITY: MAUMEE STATE: OH ZIP: 43537 FORMER COMPANY: FORMER CONFORMED NAME: TRINOVA CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: LIBBEY OWENS FORD CO DATE OF NAME CHANGE: 19860814 FORMER COMPANY: FORMER CONFORMED NAME: LIBBEY OWENS FORD GLASS CO DATE OF NAME CHANGE: 19681004 10-Q/A 1 1 FORM 10-Q/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 1998 Commission file number 1-924 Aeroquip-Vickers, Inc. (Exact name of registrant as specified in its charter) Ohio 34-4288310 (State of Incorporation) (I.R.S. Employer Identification No.) 3000 Strayer, Maumee, OH 43537-0050 (Address of principal executive office) Registrant's telephone number, including area code: (419) 867-2200 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subject to such filing requirements for the past 90 days. Yes X No The number of Common Shares, $5 Par Value, outstanding as of October 23, 1998, was 27,730,520. This document, including exhibits, contains 5 pages. The Exhibit Index is located on page 4. Item 6. Exhibits and Reports on Form 8-K (a) The following exhibit is filed hereunder as part of Part I: Exhibit (12) Statement re: Computation of Ratios -2- SIGNATURES 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 thereunto duly authorized. Aeroquip-Vickers, Inc. By /S/ DARRYL F. ALLEN -------------------------------------- November 12, 1998 Darryl F. Allen Chairman, President and Chief Executive Officer (Principal Executive Officer) By /S/ DAVID M. RISLEY -------------------------------------- November 12, 1998 David M. Risley Vice President - Finance and Chief Financial Officer (Principal Financial Officer) -3- _______________________________ 1 EX-99 2 EXHIBIT INDEX Exhibit No. Page No. (12) Statement re: Computation of Ratios 5 -4- EX-12 3 EXHIBIT 12 STATEMENT RE: COMPUTATION OF RATIOS Aeroquip-Vickers, Inc. (Dollars in thousands)
Nine Months Ended Year Ended December 31 September 30 ----------------------------------------- 1998 1997 1996 1995 1994 1993 ------------ ---- ---- ---- ---- ---- RATIO OF EARNINGS TO FIXED CHARGES Income before income taxes and cumulative effect of accounting change $136,645 $148,153 $153,421 $128,196 $101,255 $ 17,111 Dividends received, net of equity in earnings (loss) of unconsolidated affiliates 746 1,605 9,961 (3,704) 1,213 1 Fixed charges 34,647 46,034 41,712 31,762 30,249 33,370 -------- -------- -------- -------- -------- -------- Income before cumulative effect of accounting change for computation purposes $172,038 $195,792 $205,094 $156,254 $132,717 $ 50,482 ======== ======== ======== ======== ======== ======== FIXED CHARGES Interest expense, including interest related to corporate- owned life insurance $ 26,604 $ 37,971 $ 34,963 $ 24,477 $ 22,582 $ 25,516 Portion of rent expense representing interest 5,383 6,819 6,288 6,903 7,303 7,490 Amortization of debt expense and debt discount 2,660 1,244 461 382 364 364 -------- -------- -------- -------- -------- -------- Total fixed charges $ 34,647 $ 46,034 $ 41,712 $ 31,762 $ 30,249 $ 33,370 ======== ======== ======== ======== ======== ======== Ratio of Earnings to Fixed Charges 5.0x 4.3x 4.9x 4.9x 4.4x 1.5x ======== ======== ======== ======== ======== ======== For the purpose of computing the ratio of earnings to fixed charges, "earnings" consist of income before income taxes and cumulative effect of accounting change, plus fixed charges and dividends received, net of equity in earnings (loss) of unconsolidated affiliates. Fixed charges consist of interest expense, the portion of rent expense representing interest and amortization of debt discount.
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