EX-99.I 39 l99144aexv99wi.txt EXHIBIT 99(I) EXHIBIT 99(i) NACCO Industries, Inc. Unaudited Consolidating Statement of Operations and Comprehensive Income (Loss) For the Year Ended December 31, 2002 (In millions)
NMHG -------------------------------------------------------- Wholesale Retail Elims Consolidated Housewares --------- --------- --------- ------------ ---------- Net sales $1,414.8 $ 241.0 $ (68.8) $ 1,587.0 $ 610.3 Other revenues 1.4 - - 1.4 - -------- -------- -------- ---------- --------- Revenues 1,416.2 241.0 (68.8) 1,588.4 610.3 Cost of sales 1,174.5 191.1 (70.9) 1,294.7 470.8 -------- -------- -------- ---------- --------- Gross profit 241.7 49.9 2.1 293.7 139.5 Selling, general and administrative expenses 180.5 55.8 (1.8) 234.5 98.6 Restructuring charges 12.3 - - 12.3 - Loss on sale of dealers - 1.2 - 1.2 - -------- -------- -------- ---------- --------- Operating profit (loss) 48.9 (7.1) 3.9 45.7 40.9 Other income (expense) Interest expense (25.9) (3.1) (4.9) (33.9) (8.1) Loss on interest rate swap agreements (5.7) - - (5.7) (0.8) Closed mine obligations - - - - - Income (loss) from unconsolidated affiliates 0.5 - - 0.5 - Other-net 1.7 1.5 - 3.2 (2.0) -------- -------- -------- ---------- --------- (29.4) (1.6) (4.9) (35.9) (10.9) -------- -------- -------- ---------- --------- Income (loss) before income taxes, minority interest and extraordinary loss 19.5 (8.7) (1.0) 9.8 30.0 Income tax provision (benefit) (0.8) (0.2) (0.3) (1.3) 12.2 -------- -------- -------- ---------- --------- Income (loss) before minority interest and extraordinary loss 20.3 (8.5) (0.7) 11.1 17.8 Minority interest income 1.2 - - 1.2 - -------- -------- -------- ---------- --------- Income (loss) before extraordinary loss 21.5 (8.5) (0.7) 12.3 17.8 Extraordinary loss - - - - - -------- -------- -------- ---------- --------- Net income (loss) $ 21.5 $ (8.5) $ (0.7) $ 12.3 $ 17.8 ======== ======== ======== ========== ========= Change in comprehensive income (loss) 1.8 1.2 - 3.0 (6.0) -------- -------- -------- ---------- --------- Comprehensive income (loss) $ 23.3 $ (7.3) $ (0.7) $ 15.3 $ 11.8 ======== ======== ======== ========== =========
NACoal --------------------------------------- Project NACoal Mining Excl Proj NACCO & NACCO Subsidiaries Mines Consolidated Other Elims Consolidated ------------ --------- ------------ -------- ------ ------------ Net sales $ 263.1 $ 77.2 $ 340.3 $ - $ - $ 2,537.6 Other revenues - 9.0 9.0 0.1 - 10.5 --------- ------- -------- ------- ----- ---------- Revenues 263.1 86.2 349.3 0.1 - 2,548.1 Cost of sales 217.6 64.5 282.1 0.2 - 2,047.8 --------- ------- -------- ------- ----- ---------- Gross profit 45.5 21.7 67.2 (0.1) - 500.3 Selling, general and administrative expenses 3.1 14.0 17.1 4.8 - 355.0 Restructuring charges - - - - - 12.3 Loss on sale of dealers - - - - - 1.2 --------- ------- -------- ------- ----- ---------- Operating profit (loss) 42.4 7.7 50.1 (4.9) - 131.8 Other income (expense) Interest expense (16.7) (11.1) (27.8) - 0.5 (69.3) Loss on interest rate swap agreements - - - - - (6.5) Closed mine obligations - - - (1.3) - (1.3) Income (loss) from unconsolidated affiliates - - - - - 0.5 Other-net 0.4 (0.9) (0.5) 4.3 (0.5) 4.5 --------- ------- -------- ------- ----- ---------- (16.3) (12.0) (28.3) 3.0 - (72.1) --------- ------- -------- ------- ----- ---------- Income (loss) before income taxes, minority interest and extraordinary loss 26.1 (4.3) 21.8 (1.9) - 59.7 Income tax provision (benefit) 4.2 (2.0) 2.2 (1.8) - 11.3 --------- ------- -------- ------- ----- ---------- Income (loss) before minority interest and extraordinary loss 21.9 (2.3) 19.6 (0.1) - 48.4 Minority interest income - - - - - 1.2 --------- ------- -------- ------- ----- ---------- Income (loss) before extraordinary loss 21.9 (2.3) 19.6 (0.1) - 49.6 Extraordinary loss - - - (7.2) - (7.2) --------- ------- -------- ------- ----- ---------- Net income (loss) $ 21.9 $ (2.3) $ 19.6 $ (7.3) $ - $ 42.4 ========= ======= ======== ======= ===== ========== Change in comprehensive income (loss) (0.3) (1.3) (1.6) - - (4.6) --------- ------- -------- ------- ----- ---------- Comprehensive income (loss) $ 21.6 $ (3.6) $ 18.0 $ (7.3) $ - $ 37.8 ========= ======= ======== ======= ===== ==========