EX-99.(II) 37 l93112aex99-ii.txt EX-99(II) UNAUDITED BALANCE SHEET EXHIBIT 99(ii) NACCO Industries, Inc. Unaudited Consolidating Balance Sheet December 31, 2001 (In millions)
NACoal ------------------------------------- Project NACoal Mining excl Proj NMHG Housewares Subsidiaries Mines Consolidated ---------- ---------- ------------ ---------- ------------ Current Assets Cash and cash equivalents $ 59.6 $ 8.0 $ 2.6 $ 1.7 $ 4.3 Accounts receivable, net 165.7 74.9 15.9 7.9 23.8 Intercompany accounts receivable 23.0 2.8 4.9 3.6 8.5 Intercompany notes receivable -- -- 10.6 (10.6) -- Inventories 234.5 84.8 31.0 10.3 41.3 Deferred income taxes 32.9 6.3 0.9 0.1 1.0 Prepaid expenses and other 12.2 7.3 0.8 0.6 1.4 ---------- ---------- ---------- ---------- ---------- 527.9 184.1 66.7 13.6 80.3 Property, Plant and Equipment, net 280.5 55.1 257.9 136.0 393.9 Deferred Charges Goodwill, net 344.2 83.7 -- -- -- Coal supply agreements, net -- -- -- 85.2 85.2 Deferred costs and other 1.9 3.1 35.9 9.7 45.6 Deferred income taxes 15.7 15.2 -- -- -- ---------- ---------- ---------- ---------- ---------- 361.8 102.0 35.9 94.9 130.8 Other Assets 34.9 6.3 22.6 5.8 28.4 ---------- ---------- ---------- ---------- ---------- Total Assets $ 1,205.1 $ 347.5 $ 383.1 $ 250.3 $ 633.4 ========== ========== ========== ========== ========== Current Liabilities Accounts payable $ 176.6 $ 39.0 $ 14.6 $ 4.7 $ 19.3 Intercompany accounts payable 0.1 1.5 0.6 1.1 1.7 Revolving credit agreements 36.2 23.5 -- -- -- Revolving credit agreement expected to be refinanced 265.0 -- -- -- -- Current maturities of long-term debt 25.5 -- -- 16.4 16.4 Current obligations of project mining subsidiaries -- -- 37.9 -- 37.9 Accrued payroll 20.0 9.2 4.2 2.1 6.3 Accrued warranty obligations 34.3 0.2 -- -- -- Intercompany notes payable 8.0 3.0 -- 12.3 12.3 Other current liabilities 112.2 33.0 5.1 7.0 12.1 ---------- ---------- ---------- ---------- ---------- 677.9 109.4 62.4 43.6 106.0 Long-term Debt 27.7 80.3 -- 140.1 140.1 Obligations of Project Mining Subsidiaries -- -- 271.3 -- 271.3 Self-insurance Reserves and Other 115.2 12.2 44.5 21.5 66.0 Minority Interest 2.3 -- -- 1.1 1.1 Stockholders' Equity 382.0 145.6 4.9 44.0 48.9 ---------- ---------- ---------- ---------- ---------- Total Liabilities and Stockholders' Equity $ 1,205.1 $ 347.5 $ 383.1 $ 250.3 $ 633.4 ========== ========== ========== ========== ========== NACCO & NACCO NACCO Other Elims Consolidated ---------- ---------- ------------ Current Assets Cash and cash equivalents $ -- $ -- $ 71.9 Accounts receivable, net 0.1 -- 264.5 Intercompany accounts receivable 3.8 (38.1) -- Intercompany notes receivable 69.3 (69.3) -- Inventories -- -- 360.6 Deferred income taxes -- -- 40.2 Prepaid expenses and other 12.0 (0.1) 32.8 ---------- ---------- ---------- 85.2 (107.5) 770.0 Property, Plant and Equipment, net 2.5 -- 732.0 Deferred Charges Goodwill, net -- -- 427.9 Coal supply agreements, net -- -- 85.2 Deferred costs and other -- 0.1 50.7 Deferred income taxes 18.4 (23.2) 26.1 ---------- ---------- ---------- 18.4 (23.1) 589.9 Other Assets 590.1 (589.7) 70.0 ---------- ---------- ---------- Total Assets $ 696.2 $ (720.3) $ 2,161.9 ========== ========== ========== Current Liabilities Accounts payable $ 0.6 $ (0.2) $ 235.3 Intercompany accounts payable 34.5 (37.8) -- Revolving credit agreements -- -- 59.7 Revolving credit agreement expected to be refinanced -- -- 265.0 Current maturities of long-term debt -- -- 41.9 Current obligations of project mining subsidiaries -- -- 37.9 Accrued payroll 3.0 -- 38.5 Accrued warranty obligations -- -- 34.5 Intercompany notes payable 46.0 (69.3) -- Other current liabilities 4.3 (0.1) 161.5 ---------- ---------- ---------- 88.4 (107.4) 874.3 Long-term Debt -- -- 248.1 Obligations of Project Mining Subsidiaries -- -- 271.3 Self-insurance Reserves and Other 65.2 (23.1) 235.5 Minority Interest -- -- 3.4 Stockholders' Equity 542.6 (589.8) 529.3 ---------- ---------- ---------- Total Liabilities and Stockholders' Equity $ 696.2 $ (720.3) $ 2,161.9 ========== ========== ==========