-----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, UFkqU1waN4IRiT+8BgpdAhFKWqMwx+oy6hsJWSHEDPqkycm+OIjb5puHgGSgRVGU oYDmTa+VUE4IXTSDghnQ3w== 0001047469-98-001229.txt : 19980116 0001047469-98-001229.hdr.sgml : 19980116 ACCESSION NUMBER: 0001047469-98-001229 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19980114 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980115 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMC GLOBAL INC CENTRAL INDEX KEY: 0000820626 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE CHEMICALS [2870] IRS NUMBER: 363492467 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-09759 FILM NUMBER: 98507865 BUSINESS ADDRESS: STREET 1: 2100 SANDERS RD CITY: NORTHBROOK STATE: IL ZIP: 60062 BUSINESS PHONE: 8472729200 MAIL ADDRESS: STREET 1: 2345 WAUKEGAN ROAD - SUITE E-200 CITY: BANNOCKBURN STATE: IL ZIP: 60015-5516 FORMER COMPANY: FORMER CONFORMED NAME: IMC FERTILIZER GROUP INC DATE OF NAME CHANGE: 19920703 8-K 1 8-K UNITED STATES 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 (Date of earliest event reported): January 14, 1998 IMC Global Inc. (Exact name of registrant as specified in its charter) Delaware 1-9759 36-3492467 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 2100 Sanders Road Northbrook, Illinois 60062 (Address of principal executive offices) (Zip code) (847) 272-9200 (Registrant's telephone number, including area code:) Not Applicable (Former name or former address, if changed since last report.) ITEM 5. OTHER EVENTS. The purpose of this Current Report on Form 8-K is to incorporate by reference into the Registration Statements on Form S-3 (Nos. 333-27287 and 333-41713) of IMC Global Inc. the documents filed as exhibits hereto. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) EXHIBITS Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges. Exhibit 23.1 Consent of Independent Public Accountants. Exhibit 23.2 Consent of Independent Auditors. 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 hereunto duly authorized. IMC GLOBAL INC. By: /s/ Marschall I. Smith -------------------------------- Name: Marschall I. Smith Title: Senior Vice President and General Counsel Date: January 15, 1998 3 INDEX TO EXHIBITS Exhibit No. Description - ----------- --------------------------------------------------------- 12.1 Computation of Ratio of Earnings to Fixed Charges. 23.1 Consent of Independent Public Accountants. 23.2 Consent of Independent Public Auditors. EX-12.1 2 EXHIBIT 12.1 Exhibit 12.1 IMC Global Inc. Computation of Ratio of Earnings to Fixed Charges
Three Months Nine Months Fiscal Year Ended June 30 Ended Ended ------------------------------ ----------------------------------------------------------------- Sep. 30, 1997 Sep. 30, 1997 1997 1996 1995 1994 1993 ------------- ------------- ---- ---- ---- ---- ---- Fixed Charges: Interest charges $ 13.2 38.4 51.1 64.8 70.2 91.2 55.6 --------- ------ ------ ------ ------- ------- ------- Earnings: Net earnings (loss) $ 26.7 150.8 193.1 144.3 180.9 19.2 (127.0) Extraordinary charge -- 3.3 11.4 -- 6.5 25.2 2.0 Cumulative effect of accounting change -- -- -- -- 5.9 -- 47.1 Provision (credit) for income taxes 15.3 88.6 117.5 94.1 115.5 34.8 (39.1) Minority interest 31.7 103.2 155.4 191.5 130.4 55.6 -- Interest charges 13.2 38.4 51.1 64.8 70.2 91.2 55.6 --------- ------ ------ ------ ------- ------- ------- Total earnings $ 86.9 384.3 528.5 494.7 509.4 226.0 (61.4) --------- ------ ------ ------ ------- ------- ------- --------- ------ ------ ------ ------- ------- ------- Ratio of earnings to fixed charges 6.58 10.01 10.34 7.63 7.26 2.48 (1.10) --------- ------ ------ ------ ------- ------- ------- --------- ------ ------ ------ ------- ------- ------- Adjusted ratio of earnings to fixed charges (1) 6.58 10.01 10.34 9.16 7.26 2.48 1.94 --------- ------ ------ ------ ------- ------- ------- --------- ------ ------ ------ ------- ------- -------
(1) The adjusted ratio of earnings to fixed charges for the fiscal year ended June 30, 1996, excludes a charge of $98.6 million relating to the merger of The Vigoro Corporation into a wholly owned subsidiary of the Company. The adjusted ratio of earnings to fixed charges for the fiscal year ended June 30, 1993 excludes a charge of $169.1 million relating to the settlement of litigation resulting from a May 1991 explosion at a nitroparaffins plant in Sterlington, Louisiana. EX-23.1 3 EXHIBIT 23.1 Exhibit 23.1 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the incorporation by reference in this registration statement of our report dated January 21, 1997 incorporated by reference in Freeport-McMoRan Inc.'s Form 10-K for the year ended December 31, 1996 and to all references to our Firm included in this registration statement. ARTHUR ANDERSEN LLP New Orleans, Louisiana January 14, 1998 EX-23.2 4 EXHIBIT 23.2 Exhibit 23.2 CONSENT OF INDEPENDENT AUDITORS We consent to the incorporation by reference in the IMC Global Inc. Prospectus dated January 9, 1998 and related Registration Statement pertaining to the offering of securities covered by this Prospectus of our report dated January 15, 1997, with respect to the financial statements of IMC-Agrico Company [not presented separately therein] included in the Annual Report (Form 10-K) of Freeport-McMoRan Inc. for the year ended December 31, 1996, as amended on Form 10-K/A. ERNST & YOUNG LLP Chicago, Illinois January 15, 1998 -----END PRIVACY-ENHANCED MESSAGE-----