EX-99.I 31 l87125bex99-i.txt EXHIBIT 99(I) 1 Exhibit 99(i) NACCO Industries, Inc. Unaudited Consolidating Statement of Income and Comprehensive Income For the Year Ended December 31, 2000 (In millions)
NMHG ------------------------------------------------------------ Wholesale Retail Elims Consolidated ------------- ----------- ---------- ----------------- Net sales $ 1,750.0 $ 280.3 $ (98.2) $ 1,932.1 Other operating revenues - - - - ------------- ----------- ---------- ----------------- Revenues 1,750.0 280.3 (98.2) 1,932.1 Cost of sales 1,457.1 226.2 (98.7) 1,584.6 ------------- ----------- ---------- ----------------- Gross profit 292.9 54.1 0.5 347.5 Selling, general and administrative expenses 181.5 69.8 (0.9) 250.4 Restructuring charges 13.9 - - 13.9 Amortization of goodwill 11.6 1.0 - 12.6 ------------- ----------- ---------- ----------------- Operating profit(loss) 85.9 (16.7) 1.4 70.6 Other income (expense) Interest expense (13.4) (4.6) (3.2) (21.2) Closed mine obligations - - - - Other-net (12.0) 0.3 (0.1) (11.8) ------------- ----------- ---------- ----------------- (25.4) (4.3) (3.3) (33.0) ------------- ----------- ---------- ----------------- Income before income taxes, minority interest and extraordinary gain 60.5 (21.0) (1.9) 37.6 Provision for income taxes 24.6 (6.7) (0.5) 17.4 ------------- ----------- ---------- ----------------- Income before minority interest and extraordinary gain 35.9 (14.3) (1.4) 20.2 Minority interest income (expense) 1.1 - - 1.1 ------------- ----------- ---------- ----------------- Income before extraordinary gain 37.0 (14.3) (1.4) 21.3 Extraordinary gain, net of $16.1 tax benefit - - - - ------------- ----------- ---------- ----------------- Net income (loss) $ 37.0 $ (14.3) $ (1.4) $ 21.3 ============= =========== ========== ================= Change in comprehensive income (17.1) 0.1 - (17.0) ------------- ----------- ---------- ----------------- Comprehensive income (loss) $ 19.9 $ (14.2) $ (1.4) $ 4.3 ============= =========== ========== =================
NACoal ------------------------------------------------- Project NACoal Mines excl Proj Housewares Subsidiaries Mines Consolidated --------------- --------------- ------------ ---------------- Net sales $ 649.9 $ 249.7 $ 36.8 $ 286.5 Other operating revenues - 0.8 1.9 2.7 --------------- --------------- ------------ ---------------- Revenues 649.9 250.5 38.7 289.2 Cost of sales 530.1 205.5 34.7 240.2 --------------- --------------- ------------ ---------------- Gross profit 119.8 45.0 4.0 49.0 Selling, general and administrative expenses 87.6 3.0 14.4 17.4 Restructuring charges 1.7 - - - Amortization of goodwill 3.1 - - - --------------- --------------- ------------ ---------------- Operating profit(loss) 27.4 42.0 (10.4) 31.6 Other income (expense) - Interest expense (8.6) (16.9) (0.7) (17.6) Closed mine obligations - - - - Other-net (2.6) 0.4 (0.9) (0.5) --------------- --------------- ------------ ---------------- (11.2) (16.5) (1.6) (18.1) --------------- --------------- ------------ ---------------- Income before income taxes, minority interest and extraordinary gain 16.2 25.5 (12.0) 13.5 Provision for income taxes 7.4 5.8 (5.9) (0.1) --------------- --------------- ------------ ---------------- Income before minority interest and extraordinary gain 8.8 19.7 (6.1) 13.6 Minority interest income (expense) - - (1.0) (1.0) --------------- --------------- ------------ ---------------- Income before extraordinary gain 8.8 19.7 (7.1) 12.6 Extraordinary gain, net of $16.1 tax benefit - - - - --------------- --------------- ------------ ---------------- Net income (loss) $ 8.8 $ 19.7 $ (7.1) $ 12.6 =============== =============== ============ ================ Change in comprehensive income (0.1) - - - --------------- --------------- ------------ ---------------- Comprehensive income (loss) $ 8.7 $ 19.7 $ (7.1) $ 12.6 =============== =============== ============ ================
NACCO & NACCO Other Elims Consolidated ------------- -------- ---------------- Net sales $ 0.1 $ - $ 2,868.6 Other operating revenues - - 2.7 ------------- -------- ---------------- Revenues 0.1 - 2,871.3 Cost of sales 0.2 - 2,355.1 ------------- -------- ---------------- Gross profit (0.1) - 516.2 Selling, general and administrative expenses 11.6 - 367.0 Restructuring charges - - 15.6 Amortization of goodwill - - 15.7 ------------- -------- ---------------- Operating profit(loss) (11.7) - 117.9 Other income (expense) - Interest expense (0.2) 0.5 (47.1) Closed mine obligations (5.6) - (5.6) Other-net 10.2 (0.5) (5.2) ------------- -------- ---------------- 4.4 - (57.9) ------------- -------- ---------------- Income before income taxes, minority interest and extraordinary gain (7.3) - 60.0 Provision for income taxes (2.4) - 22.3 ------------- -------- ---------------- Income before minority interest and extraordinary gain (4.9) - 37.7 Minority interest income (expense) - - 0.1 ------------- -------- ---------------- Income before extraordinary gain (4.9) - 37.8 Extraordinary gain, net of $16.1 tax benefit 29.9 - 29.9 ------------- -------- ---------------- Net income (loss) $ 25.0 $ - $ 67.7 ============= ======== ================ Change in comprehensive income - (0.1) (17.2) ------------- -------- ---------------- Comprehensive income (loss) $ 25.0 $ (0.1) $ 50.5 ============= ======== ================