11-K 1 a05-11455_111k.htm 11-K

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 11-K

 

ANNUAL REPORT

PURSUANT TO SECTION 15(d) OF THE

SECURITIES EXCHANGE ACT

 

(mark one):

ý                                 ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED, EFFECTIVE OCTOBER 7, 1996].

 

For the fiscal year ended December 31, 2004

 

OR

 

o                                 TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [ NO FEE REQUIRED].

 

For the transition period from                                  to                                 

 

Commission file number        001-10109

 

A.                                   Full title of the plan and the address of the plan, if different from that of the issuer named below:

 

BECKMAN COULTER, INC. SAVINGS PLAN

 

B.                                     Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

 

BECKMAN COULTER, INC.

4300 North Harbor Boulevard

Fullerton, California  92835

 

 



 

BECKMAN COULTER, INC. SAVINGS PLAN

 

Financial Statements and Supplemental Schedule

 

December 31, 2004 and 2003

 

(With Reports of Independent Registered Public Accounting Firms Thereon)

 



 

BECKMAN COULTER, INC. SAVINGS PLAN

 

Table of Contents

 

 

 

Report of Independent Registered Public Accounting Firm - 2004

 

 

 

Report of Independent Registered Public Accounting Firm - 2003

 

 

 

Statements of Net Assets Available for Benefits - December 31, 2004 and 2003

 

 

 

Statements of Changes in Net Assets Available for Benefits - Years ended December 31, 2004 and 2003

 

 

 

Notes to Financial Statements

 

 

 

Supplemental Schedule

 

 

 

Schedule H, Line 4i - Schedule of Assets (Held at End of Year) - December 31, 2004

 

 

All other supplemental schedules omitted are not applicable or are not required based on disclosure requirements of the Employee Retirement Income Security Act of 1974 and regulations issued by the Department of Labor.

 



 

Report of Independent Registered Public Accounting Firm

 

The Benefits and Finance Administration Committee

Beckman Coulter, Inc. Savings Plan:

 

 

We have audited the accompanying statement of net assets available for benefits of the Beckman Coulter, Inc. Savings Plan (the Plan) as of December 31, 2004, and the related statement of changes in net assets available for benefits for the year then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audit.

 

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

 

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2004, and the changes in net assets available for benefits for the year then ended in conformity with U.S. generally accepted accounting principles.

 

Our audit was performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2004, is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.

 

/s/ KPMG LLP

 

 

 

 

Costa Mesa, California

 

June 24, 2005

 

 

1



 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

Benefits and Finance Administration Committee
Beckman Coulter, Inc. Savings Plan

 

We have audited the accompanying statement of net assets for benefits of Beckman Coulter, Inc. Savings Plan (the “Plan”) as of December 31, 2003, and the related statement of changes in net assets for benefits for the year then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audit.

 

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audit provides a reasonable basis for our opinion.

 

In our opinion, such financial statements present fairly, in all material respects, the net assets available for benefits for the Plan as of December 31, 2003, and the changes in net assets available for benefits for the year then ended in conformity with accounting principles generally accepted in the United States of America.

 

 

/s/ Deloitte & Touche LLP

 

 

 

 

Costa Mesa, California

 

June 22, 2004

 

 

2



 

BECKMAN COULTER, INC. SAVINGS PLAN

Statements of Net Assets Available for Benefits

December 31, 2004 and 2003

 

 

 

2004

 

2003

 

Assets:

 

 

 

 

 

Investments - at fair value:

 

 

 

 

 

Common stock of Plan sponsor

 

$

145,729,313

 

110,842,169

 

Mutual funds

 

515,457,687

 

437,176,138

 

Other investments

 

8,384,631

 

6,468,643

 

Participant loans

 

15,882,736

 

15,958,008

 

 

 

685,454,367

 

570,444,958

 

Investment contracts - at contract value (note 3):

 

 

 

 

 

Guaranteed investment contracts

 

20,104,488

 

19,725,195

 

Synthetic guaranteed investment contracts

 

199,636,807

 

190,916,138

 

Collective investment trust

 

22,934,460

 

32,283,016

 

 

 

242,675,755

 

242,924,349

 

Total investments

 

928,130,122

 

813,369,307

 

Cash and cash equivalents

 

2,502,782

 

1,026,709

 

Receivables:

 

 

 

 

 

Employer contribution

 

6,948,870

 

6,464,593

 

Participant contribution

 

 

1,332,368

 

1,275,965

 

 

 

 

 

 

 

Net assets available for benefits

 

$

938,914,142

 

822,136,574

 

 

See accompanying notes to financial statements.

 

3



 

BECKMAN COULTER, INC. SAVINGS PLAN

Statements of Changes in Net Assets Available for Benefits

Years ended December 31, 2004 and 2003

 

 

 

2004

 

2003

 

Additions to net assets attributed to:

 

 

 

 

 

Net appreciation in fair value of investments

 

$

84,105,415

 

141,990,384

 

Interest

 

11,657,385

 

13,633,132

 

Dividends

 

8,614,884

 

4,140,293

 

 

 

 

 

 

 

Total investment income

 

104,377,684

 

159,763,809

 

 

 

 

 

 

 

Contributions:

 

 

 

 

 

Company matching (employer)

 

11,474,586

 

10,045,710

 

Retirement Plus (employer)

 

6,554,439

 

6,090,759

 

Employee

 

45,673,977

 

35,817,242

 

 

 

 

 

 

 

Total contributions

 

63,703,002

 

51,953,711

 

Net additions

 

168,080,686

 

211,717,520

 

 

 

 

 

 

 

Deduction from net assets attributed to:

 

 

 

 

 

Distributions of benefits

 

51,198,713

 

38,799,738

 

Corrective distributions of excess contributions

 

52,674

 

 

Administrative expenses and other

 

51,731

 

42,824

 

Net deductions

 

51,303,118

 

38,842,562

 

 

 

 

 

 

 

Increase in net assets

 

116,777,568

 

172,874,958

 

 

 

 

 

 

 

Net assets available for benefits - beginning of year

 

 

822,136,574

 

649,261,616

 

Net assets available for benefits - end of year

 

$

938,914,142

 

822,136,574

 

 

See accompanying notes to financial statements.

 

4



 

BECKMAN COULTER, INC. SAVINGS PLAN

Notes to Financial Statements

December 31, 2004 and 2003

 

(1)                                 Description of Plan

 

The following description of Beckman Coulter, Inc. Savings Plan (the Plan) provides only general information. Participants should refer to the Plan document for a complete description of the Plan’s provisions.

 

(a)                                 General

 

Beckman Coulter, Inc. (the Company) established and adopted the Plan effective August 1, 1989.

 

The Plan is a defined contribution plan covering substantially all Company employees who have completed a three-month period of employment with the Company. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). The Plan is administered by the Benefits and Finance Administration Committee (the Committee), whose members are appointed by the Board of Directors of the Company.

 

(b)                                 Contributions

 

Participants may elect to contribute up to 45% of their eligible pay in combination of pretax and after-tax withholdings. Each participant’s pretax contributions in the calendar year may not exceed $13,000 and $12,000 in 2004 and 2003, respectively. Additionally, participants age 50 or greater may contribute up to $3,000 and $2,000 in 2004 and 2003, respectively, as a catchup contribution.

 

The Company matches 70% of participants’ contributions invested in Beckman Coulter, Inc. common stock and 50% of other contributions, up to 5% of participants’ total compensation. Forfeitures are applied to reduce the Company’s contributions.

 

Retirement Plus was established in 1996 for the benefit of employees of Coulter Corporation. Employees of the Coulter Corporation as of the acquisition date of October 31, 1997, and hired through April 30, 2000, participate (or are eligible for participation) upon completing one year of service. Annually, the Company makes contributions to participants’ Retirement Plus accounts. These contributions consist of a basic contribution which ranges from 3% to 9% of eligible pay for the year and an excess contribution which ranges from 0% to 4% of eligible pay that is above the Social Security taxable wage base for the year. Both ranges are based on the participant’s age.

 

Upon commencement of benefit payments, participants are subject to federal income tax on the receipt of participant pretax contributions, Company contributions, and earnings on all contributions.

 

(c)                                  Investment Options

 

Participants have a choice of various investment funds for their contributions. Company contributions may be directed to any of these core investment funds. Participants have the right to elect investment options upon enrollment or reenrollment into the Plan. Additionally, participants may elect to change their investment options and to transfer their account balances among the different investment funds on a daily basis.

 

Income on investment funds is allocated to participants’ accounts based on the participants’ investment fund balance as a percentage of the total investment fund balance.

 

5



 

(d)                                 Participant Loans

 

Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their account balance. Repayment is generally required within 5 years or up to 15 years for the purchase of a principal residence. The loans are secured by the balance in the participant’s account and bear interest at prime rate plus 1%, determined at the beginning of each quarter (6.25% at December 31, 2004 for new loans).

 

(e)                                  Participant Accounts

 

Each participant’s account is credited with: (a) the participant’s contributions, (b) the Company’s contributions, and (c) Plan earnings. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested balance.

 

(f)                                    Benefits and Vesting

 

Participants become entitled to payment of the total vested value of their accounts at the time of termination, retirement, permanent layoff, permanent disability, or death. If total vested value is greater than $5,000, the participants may elect to postpone their distribution until the year following the year they attain age 70-1/2.

 

Participants’ interests in the Company’s contributions, income, gains, and losses on investments become fully vested immediately upon enrolling in the Plan, except for Retirement Plus contributions, which vest after five years of employment. Participants also become fully vested in Retirement Plus upon reaching normal retirement age, death, or permanent disability. Participants immediately vest in the value of their own contributions.

 

(g)                                 Forfeitures

 

All forfeitures of benefits reduce total cash contributions made by the Plan sponsor. Forfeitures are rare as the majority of Plan participants are 100% vested upon enrollment.

 

(h)                                 Benefits Payable

 

At December 31, 2004 and 2003, the amounts of benefits payable to participants who have withdrawn from participation in the Plan were $10,804 and $162,842, respectively. Such amounts are not considered liabilities for financial reporting purposes, and accordingly, the balances are not included in the deductions from Plan assets attributed to distribution of benefits for the years ended December 31, 2004 and 2003.

 

(i)                                    Continuation of the Plan

 

The Company anticipates and believes the Plan will continue without interruption but reserves the right to discontinue the Plan. If the Plan is terminated by the Company, the accounts of all affected participants become 100% vested and nonforfeitable without regard to the years of service of participants.

 

6



 

(2)                     Summary of Significant Accounting Policies

 

(a)                    Basis of Presentation

 

The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

 

(b)                    Investment Valuation

 

Investments are stated at fair value except for guaranteed investment contracts, which are stated at contract value (see note 3). The fair value of the common stock is based on quotations obtained from national securities exchanges on the last business day of the Plan year. The fair values of the mutual funds and commingled funds are based on the net asset value reported by the funds. The purchases and sales of securities are recorded as of the date of trade. The average-cost method is used in determining gains and losses on the sales of securities.

 

(c)                     Administrative Expenses

 

Substantially all of the Plan’s administrative expenses are paid by the Company. The Company has elected to pay these administrative expenses on behalf of the Plan but reserves the right to change this election. Such expenses amounted to approximately $35,974 and $29,962 for the years ended December 31, 2004 and 2003, respectively.

 

(d)                    Cash and Cash Equivalents

 

The Plan considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

 

(e)                     Risks, Concentrations, and Uncertainties

 

The Plan provides for various investment options in any combination of equity, fixed-income, and other investment securities. Investment securities are exposed to various risks, such as interest rate, market, and credit. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in risks in the near term could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits and the statements of changes in net assets available for benefits.

 

The Plan allows participants to invest in the common stock of the plan sponsor, Beckman Coulter, Inc. The Plan's investment in the common stock of the Plan Sponsor was 15.5% and 13.5% of plan assets as of December 31, 2004 and 2003, respectively.

 

(3)                     Valuation of Investment Contracts

 

The Interest Income Fund includes investments in guaranteed investment contracts (GICs) and synthetic GICs. The Plan’s investments in GICs are included in the statements of net assets available for benefits at contract value (which represents contributions made under the contract plus earnings, less withdrawals and administrative expenses) because they are fully benefit responsive. For example, participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value.

 

Withdrawals resulting from events initiated by the Company, such as Plan termination, are not typically considered participant-initiated transactions. With such an event, some of the contracts contain contingencies that could lead to withdrawal penalties. However, since no such events are being contemplated at this time or the withdrawals resulting from such an event will be funded outside the contracts’ provisions, these “potential” limitations do not jeopardize the contract value reporting for these investments.

 

Contract value for the synthetic GICs is determined based on the fair value of the assets underlying the synthetic GICs. The difference between the fair value of the assets underlying the synthetic GICs and the contract value of the GICs is the value of the “wrapper” contract issued by a third party. The fair value for GICs varies based on the type of contract held (e.g., security-backed investments and general account investments). Fair value for security-backed investment contracts was derived from outside sources, based on the type of investment held.

 

GICs provide a fixed crediting interest rate, and a financially responsible entity guarantees liquidity at contract value prior to maturity for any and all participant-initiated benefit withdrawals, loans, or transfers arising under the terms of the Plan, which allows access for all participants.

 

Synthetic GICs operate similarly to a separate account guaranteed investment contract, except that the assets are placed in a trust with ownership by the Plan rather than a separate account of the issuer and a financially responsible third party issues a wrapper contract that provides that participants can, and must, execute Plan transactions at contract value.

 

Inasmuch a trust assets are owned by the Plan, the wrapper contract and the assets in trust are separately valued and disclosed. The wrapper contract is valued at the difference between the fair value of the trust assets and the contract value attributable by the wrapper to such assets. When considered together, the trust assets and the wrapper contract are reported at the wrapper contract value because participants are guaranteed return of principal and accrued interest.

 

During 2004, the average yield earned on amounts invested in the GICs was 4.59%. As of December 31, 2004 and 2003, the average crediting interest rate on such contracts was 4.70% and 4.61%, respectively. There ware no valuation reserves recorded to adjust contract amounts during the Plan years. Crediting rate resets are applied to specific investment contracts, as determined at the time of purchase. The reset values for security-backed investment rates are a function of contract value, market value, yield, and duration. General account investment rates are based on a predetermined index rate of return, plus a fixed-basis point spread.

 

 

7



 

The following is a reconciliation between the contract value and the fair value of the synthetic GICs at December 31, 2004 (dollar amounts in thousands):

 

 

 

 

 

Crediting

 

 

 

 

 

 

 

Duration

 

interest rate

 

Contract

 

Fair

 

 

 

(years)

 

percentage

 

value

 

value

 

 

 

 

 

 

 

 

 

 

 

Security-backed investments:

 

 

 

 

 

 

 

 

 

Synthetics:

 

 

 

 

 

 

 

 

 

CDC Financial Products - Contract FP 1062-01

 

Evergreen

 

4.65

 

$

68,649,667

 

70,305,089

 

State Street Synthetic - Contract 97077

 

Evergreen

 

4.70

 

64,974,805

 

66,541,612

 

Transamerica Life- Contract 76850

 

Evergreen

 

4.56

 

66,012,335

 

67,604,160

 

Total synthetic guaranteed investment contracts

 

 

 

 

 

199,636,807

 

204,450,861

 

 

 

 

 

 

 

 

 

 

 

Less synthetic wrappers

 

 

 

 

 

 

(4,814,054

 

 

 

 

 

 

 

 

 

 

Total contract value of guaranteed investment contracts

 

 

 

 

 

$

199,636,807

 

199,636,807

 

 

(4)                     Assets Held for Investment

 

Information regarding assets held for investment is as follows as of December 31:

 

 

 

2004

 

2003

 

Common stock

 

 

 

 

 

Beckman Coulter, Inc.

 

$

145,729,313

 

110,842,169

 

Mutual funds:

 

 

 

 

 

Blue Chip Growth Fund

 

183,253,079

 

178,216,012

 

Vanguard Institutional Index Fund

 

69,073,302

 

63,724,221

 

International Stock Fund

 

 

14,732,465

 

Mid-Cap Growth Fund

 

72,635,897

 

60,473,212

 

Personal Strategy Balanced Fund

 

 

72,956,501

 

Personal Strategy Growth Fund

 

 

15,810,932

 

Personal Strategy Income Fund

 

 

10,333,887

 

Washington Mutual Investors Fund

 

8,296,468

 

5,445,553

 

Neuberger Berman Genesis Fund

 

28,992,150

 

15,483,355

 

Retirement 2005 Fund

 

12,046,614

 

 

Retirement 2010 Fund

 

25,797,900

 

 

Retirement 2015 Fund

 

26,303,227

 

 

Retirement 2020 Fund

 

30,035,472

 

 

Retirement 2025 Fund

 

17,638,125

 

 

Retirement 2030 Fund

 

8,498,340

 

 

Retirement 2035 Fund

 

3,139,149

 

 

Retirement 2040 Fund

 

2,029,628

 

 

Retirement Income Fund

 

6,169,336

 

 

Fidelity Diversified International Fund

 

19,829,319

 

 

Russell Bond Fund

 

1,719,681

 

 

Total mutual funds

 

515,457,687

 

437,176,138

 

 

8



 

 

 

2004

 

2003

 

Other investments:

 

 

 

 

 

Tradelink+ Fund

 

$

8,384,631

 

6,468,643

 

 

 

 

 

 

 

Participant loans receivable

 

15,882,736

 

15,958,008

 

 

 

 

 

 

 

Interest income fund:

 

 

 

 

 

Guaranteed investment contracts:

 

 

 

 

 

Monumental MDA00248

 

7,019,524

 

7,019,578

 

Canada Life – P46104

 

6,015,594

 

6,015,594

 

Principal Life – 4.47946

 

7,069,370

 

6,690,023

 

 

 

20,104,488

 

19,725,195

 

 

 

 

 

 

 

Synthetic guaranteed investment contracts:

 

 

 

 

 

CDC Financial Products – Contract FP1062-01

 

68,649,667

 

65,619,005

 

State Street Synthetic – Contract 97077

 

64,974,805

 

62,142,589

 

Transamerica Life – Contract 76850

 

66,012,335

 

63,154,544

 

 

 

199,636,807

 

190,916,138

 

 

 

 

 

 

 

Collective investment trust:

 

 

 

 

 

SEI Stable Asset Fund

 

22,934,460

 

32,283,016

 

 

 

 

 

 

 

Total interest income fund

 

242,675,755

 

242,924,349

 

 

 

 

 

 

 

Total assets held for investment

 

928,130,122

 

813,369,307

 

 

The net appreciation of the Plan’s investments by investment type is as follows:

 

 

 

2004

 

2003

 

Common stock

 

$

35,598,900

 

46,729,540

 

Common and collective trusts

 

511,379

 

 

Mutual funds

 

47,995,136

 

95,260,844

 

 

 

$

84,105,415

 

141,990,384

 

 

(5)                     Tax Status

 

The Internal Revenue Service has determined and informed the Company by letter, dated August 28, 2002, that the Plan and related trust are designed in accordance with the applicable sections of the Internal Revenue Code.

 

9



 

(6)                     Related Party Transactions

 

Certain plan investments are shares of mutual funds managed by T. Rowe Price Trust Company. T. Rowe Price Trust Company is the trustee as defined by the Plan, and therefore, these transactions qualify as party in interest transactions

 

(7)                     Investments Exceeding 5% of Net Assets

 

The following is a summary of the investments that represent 5% or more of net assets available for benefit as of December 31, 2004 and 2003.

 

 

 

2004

 

2003

 

Common stock:

 

 

 

 

 

Beckman Coulter, Inc.

 

$

145,729,313

 

110,842,169

 

 

 

 

 

 

 

Mutual funds:

 

 

 

 

 

Blue Chip Growth Fund

 

183,253,079

 

178,216,012

 

Vanguard Institutional Index Fund

 

69,073,302

 

63,724,221

 

Mid-Cap Growth Fund

 

72,635,897

 

60,473,212

 

Personal Strategy Balanced Fund

 

 

72,956,501

 

 

 

 

 

 

 

Interest income fund:

 

 

 

 

 

CDC Financial Product – Contract FP1062-01

 

68,649,667

 

65,619,005

 

State Street Synthetic – Contract 97077

 

64,974,805

 

62,142,589

 

Transamerica Life – Contract 76850

 

66,012,335

 

63,154,544

 

 

10



 

Schedule

 

BECKMAN COULTER, INC. SAVINGS PLAN

 

Schedule H, Line 4i -

Schedule of Assets (Held at End of Year)

 

December 31, 2004

 

Description of investments

 

Shares of
Units

 

Current
value

 

 

 

 

 

 

 

Common stock:

 

 

 

 

 

Beckman Coulter, Inc.*

 

2,175,389

 

$

145,729,313

 

 

 

 

 

 

 

Mutual funds:

 

 

 

 

 

Blue Chip Growth Fund – T. Rowe Price
Blue Chip Growth Fund*

 

5,926,684

 

183,253,079

 

Index Fund – Vanguard Institutional Index Fund

 

623,912

 

69,073,302

 

Mid-Cap Growth Fund – T. Rowe Price
Mid-Cap Growth Fund*

 

1,456,213

 

72,635,897

 

Retirement 2005 Fund – T. Rowe Price*

 

1,139,699

 

12,046,614

 

Retirement 2010 Fund – T. Rowe Price*

 

1,837,457

 

25,797,900

 

Retirement 2015 Fund – T. Rowe Price*

 

2,449,090

 

26,303,227

 

Retirement 2020 Fund – T. Rowe Price*

 

2,017,157

 

30,035,472

 

Retirement 2025 Fund – T. Rowe Price*

 

1,619,663

 

17,638,125

 

Retirement 2030 Fund – T. Rowe Price*

 

548,280

 

8,498,340

 

Retirement 2035 Fund – T. Rowe Price*

 

287,468

 

3,139,149

 

Retirement 2040 Fund – T. Rowe Price*

 

130,355

 

2,029,628

 

Retirement Income Fund – T. Rowe Price*

 

503,208

 

6,169,336

 

Fidelity Diversified International Fund

 

692,364

 

19,829,319

 

Russell Bond Fund

 

118,681

 

1,719,681

 

Washington Mutual Investors Fund

 

269,541

 

8,296,468

 

Neuberger Berman Genesis Fund

 

679,450

 

28,992,150

 

 

 

 

 

 

 

Total mutual funds

 

20,299,222

 

515,457,687

 

 

 

 

 

 

 

Other investments:

 

 

 

 

 

Tradelink+ Fund

 

8,384,631

 

8,384,631

 

 

11



 

Description of investment

 

Interest
rate

 

Maturity
Date

 

Current
value

 

 

 

 

 

 

 

$

 

Interest income fund:

 

 

 

 

 

 

 

Guaranteed investment contracts:

 

 

 

 

 

 

 

Monumental - MDA00248

 

6.18

%

Various

 

7,019,524

 

Canada Life - P46104

 

6.10

 

Various

 

6,015,594

 

Principal Life - 4.47946

 

5.67

 

3/15/07

 

7,069,370

 

Total guaranteed investment contracts

 

 

 

 

 

20,104,488

 

 

 

 

 

 

 

 

 

Synthetic guaranteed investment contracts:

 

 

 

 

 

 

 

CDC Financial Products - Contract FP 1062-01

 

4.65

 

Evergreen

 

70,305,089

 

Synthetic Wrapper Agreement

 

 

 

 

 

(1,655,422

)

 

 

 

 

 

 

 

 

Total contract value of CDC Financial Products

 

 

 

 

 

68,649,667

 

 

 

 

 

 

 

 

 

State Street Synthetic - Contract 97077

 

4.70

 

Evergreen

 

66,541,612

 

Synthetic Wrapper Agreement

 

 

 

 

 

(1,566,807

)

 

 

 

 

 

 

 

 

Total contract value of State Street Synthetic

 

 

 

 

 

64,974,805

 

 

 

 

 

 

 

 

 

Transamerica Life - Contract 76850

 

4.56

 

Evergreen

 

67,604,160

 

Synthetic Wrapper Agreement

 

 

 

 

 

(1,591,825

)

 

 

 

 

 

 

 

 

Total contract value of Transamerica Life

 

 

 

 

 

66,012,335

 

 

 

 

 

 

 

 

 

Total synthetic guaranteed investment contracts

 

 

 

 

 

199,636,807

 

 

 

 

 

 

 

 

 

Collective investment trust:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SEI Stable Asset Fund

 

4.44

 

Evergreen

 

22,934,460

 

Total interest income fund

 

 

 

 

 

242,675,755

 

Participant loans (interest rates ranging from 5.00% to 13.75%)

 

 

 

 

 

15,882,736

 

Total investments

 

 

 

 

 

$

928,130,122

 

 


*Indicates party in interest.

 

See accompanying report of independent registered public accounting firm.

 

12



 

SIGNATURES

 

The Plan.                                            Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed by the undersigned hereunto duly authorized.

 

 

 

BECKMAN COULTER, INC.

 

SAVINGS PLAN

 

 

 

By:

Beckman Coulter, Inc.

 

 

Benefits Finance and Administration
Committee

 

 

 

Date:  June 28, 2005

By:

  /s/ Paul Glyer

 

 

 

Paul Glyer

 

Its:

Committee Chairman

 

13



 

INDEX TO EXHIBITS

 

Exhibit
Number

 

Description

 

 

 

23.1

 

Consent of Deloitte & Touche, LLP

 

 

 

23.2

 

Consent of KPMG LLP

 

14