-----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, LZ7+McsxhgydB8Zx9/ksWtJVCm4V7P/vyt5rOIpUooexQ1PhIbuSeAbmAlHJDyaj d1ZWwQAwzQL/A7hBdvIj1g== 0000895345-99-000416.txt : 19990719 0000895345-99-000416.hdr.sgml : 19990719 ACCESSION NUMBER: 0000895345-99-000416 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990714 ITEM INFORMATION: FILED AS OF DATE: 19990716 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIEDSIGNAL INC CENTRAL INDEX KEY: 0000773840 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 222640650 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08974 FILM NUMBER: 99665756 BUSINESS ADDRESS: STREET 1: 101 COLUMBIA RD STREET 2: PO BOX 4000 CITY: MORRISTOWN STATE: NJ ZIP: 07962 BUSINESS PHONE: 2014552000 MAIL ADDRESS: STREET 1: 101 COLUMBIA RD P O BOX 4000 STREET 2: 101 COLUMBIA RD P O BOX 4000 CITY: MORRISTOWN STATE: NJ ZIP: 07962 8-K 1 =========================================================================== 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 DATE OF REPORT - JULY 14, 1999 (Date of earliest event reported) ALLIEDSIGNAL INC. (Exact name of Registrant as specified in its Charter) DELAWARE 1-8974 22-2640650 (State or other (Commission File Number) (I.R.S. Employer jurisdiction of Identification Number) incorporation) 101 COLUMBIA ROAD, P.O. BOX 4000, MORRISTOWN, NEW JERSEY 07962-2497 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (973) 455-2000 ============================================================================ ITEM 5. OTHER EVENTS. Results of Operations for Three-Month and Six-Month Periods Ended June 30, 1999 - ------------------------------------------------------------------------------- AlliedSignal Inc. issued a press release on July 14, 1999 reporting the following results of operations for the three-month and six-month periods ended June 30, 1999:
AlliedSignal Inc. Consolidated Statement of Income (Unaudited) (In millions except per share amounts) Three months Six months ended June 30 ended June 30 ------------- ------------- 1999 1998 1999 1998 --------- --------- --------- --------- Net sales $3,818 $3,869 $7,414 $7,515 -------- -------- -------- -------- Cost of goods sold 3,045 (A) 2,949 5,754 (A) 5,758 Selling, general and administrative expenses 418 406 799 804 -------- -------- -------- -------- Total costs and expenses 3,463 3,355 6,553 6,562 -------- -------- -------- -------- Income from operations 355 514 861 953 Equity in income of affiliated companies (16) (A) 29 (4) (A) 63 Other income (expense) 277 (B) -- 292 (B) (1) Interest and other financial charges (30) (32) (74) (66) -------- -------- -------- -------- Income before taxes on income 586 511 1,075 949 Taxes on income 186 161 340 299 -------- -------- -------- -------- Net income $400 $350 $735 $650 ======== ======== ======== ======== Earnings per share of common stock - basic $0.72 $0.62 $1.33 $1.15 ======== ======== ======== ======== Earnings per share of common stock - assuming dilution $0.71 $0.61 $1.30 $1.13 ======== ======== ======== ======== Weighted average number of shares outstanding - basic 552 563 554 564 ======== ======== ======== ======== Weighted average number of shares outstanding - assuming dilution 565 577 567 578 ======== ======== ======== ======== (A) Cost of goods sold includes a provision of $222 million for repositioning and other charges. A charge of $36 million relating to the writedown of an equity investment is included in equity in income of affiliated companies. Total pretax repositioning and other charges were $258 million (after-tax $156 million, or $0.28 per share). (B) Includes the pretax gain of $268 million (after-tax $161 million, or $0.29 per share) on the sale of our investment in AMP common stock.
AlliedSignal Inc. Segment Data (Dollars in Millions) Three months ended June 30 Income From Net Sales Operations ---------------------------- ------------------ 1999 1998 1999 1998 ------------- ---------- ------ --------- Aerospace Systems $1,202 $1,204 $245 $201 Specialty Chemicals & Electronic Solutions 517 589 75 112 Turbine Technologies 1,002 921 177 103 Performance Polymers 469 531 70 92 Transportation Products 615 609 47 35 ------------- ---------- ------ --------- Total Businesses 3,805 3,854 614 543 Corporate & Unallocated 13 15 (37) (29) Other (A) -- -- (222) -- ------------- ---------- ------ --------- $3,818 $3,869 $355 $514 Total ============= ========== ====== ========= Six months ended June 30 ------------------------ Income From Net Sales Operations ---------------------------- ------------------ 1999 1998 1999 1998 ------------- ---------- ------ --------- Aerospace Systems $2,352 $2,334 $450 $396 Specialty Chemicals & Electronic Solutions 1,045 1,187 160 211 Turbine Technologies 1,865 1,741 311 191 Performance Polymers 924 1,058 134 165 Transportation Products 1,208 1,155 90 51 ------------- ---------- ------ --------- Total Businesses 7,394 7,475 1,145 1,014 Corporate & Unallocated 20 40 (62) (61) Other (A) -- -- (222) -- ------------- ---------- ------ --------- $7,414 $7,515 $861 $953 Total ============= ========== ====== ========= (A) Other represents the provision for repositioning and other charges.
SIGNATURE 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 hereunto duly authorized. Date: July 16, 1999 AlliedSignal Inc. (Registrant) By: /s/ Peter M. Kreindler ------------------------------ Peter M. Kreindler Senior Vice President, General Counsel and Secretary -----END PRIVACY-ENHANCED MESSAGE-----