-----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, B3Labox2Grg0LkzZAEL6UNf+0AYA3GABIsDfC0dvHT96cfHHbiVzcur0ymEKIihP hRLtu6yKwEAhF5xydr0SUg== 0001104659-06-044420.txt : 20060629 0001104659-06-044420.hdr.sgml : 20060629 20060629125030 ACCESSION NUMBER: 0001104659-06-044420 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051231 FILED AS OF DATE: 20060629 DATE AS OF CHANGE: 20060629 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BECKMAN COULTER INC CENTRAL INDEX KEY: 0000840467 STANDARD INDUSTRIAL CLASSIFICATION: LABORATORY ANALYTICAL INSTRUMENTS [3826] IRS NUMBER: 951040600 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10109 FILM NUMBER: 06932637 BUSINESS ADDRESS: STREET 1: 4300 N HARBOR BLVD STREET 2: PO BOX 3100 CITY: FULLERTON STATE: CA ZIP: 92834-3100 BUSINESS PHONE: 7147736907 MAIL ADDRESS: STREET 1: 4300 N HARBOR BLVD STREET 2: PO BOX 3100 CITY: FULLERTON STATE: CA ZIP: 92834-3100 FORMER COMPANY: FORMER CONFORMED NAME: BECKMAN INSTRUMENTS INC DATE OF NAME CHANGE: 19920703 11-K 1 a06-14530_111k.htm ANNUAL REPORT OF EMPLOYEE STOCK PURCHASE, SAVINGS PLANS

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):

x         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, 2005

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, 2005 and 2004

(With Report of Independent Registered Public Accounting Firm Thereon)




 

BECKMAN COULTER, INC. SAVINGS PLAN

Table of Contents

Report of Independent Registered Public Accounting Firm

Statements of Net Assets Available for Benefits — December 31, 2005 and 2004

Statements of Changes in Net Assets Available for Benefits — Years ended December 31, 2005 and 2004

Notes to Financial Statements

Supplemental Schedule

Schedule H, Line 4i — Schedule of Assets (Held at End of Year) — December 31, 2005

 

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

We have audited the accompanying statements of net assets available for benefits of the Beckman Coulter, Inc. Savings Plan (the Plan) as of December 31, 2005 and 2004, and the related statements of changes in net assets available for benefits for the years 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 audits.

We conducted our audits in accordance with 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 audits provide 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, 2005 and 2004, and the changes in net assets available for benefits for the years then ended in conformity with U.S. generally accepted accounting principles.

Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplementary information included in Schedule H, Line 4i — Schedule of Assets (Held at End of Year) as of December 31, 2005, is presented for the purposes 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. Such information has been subjected to the auditing procedures applied in the audits 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.

KPMG LLP

Los Angeles, California
June 9, 2006




BECKMAN COULTER, INC. SAVINGS PLAN
Statements of Net Assets Available for Benefits
December 31, 2005 and 2004

 

 

2005

 

2004

 

Assets:

 

 

 

 

 

Investments — at fair value:

 

 

 

 

 

Common stocks

 

$

130,523,797

 

149,784,245

 

Mutual funds

 

585,165,904

 

519,787,386

 

Participant loans

 

15,834,398

 

15,882,736

 

 

 

731,524,099

 

685,454,367

 

Investment contracts — at contract value (note 3):

 

 

 

 

 

Guaranteed investment contracts

 

20,505,375

 

20,104,488

 

Synthetic guaranteed investment contracts

 

209,240,169

 

199,636,807

 

Collective investment trust

 

15,397,730

 

22,934,460

 

 

 

245,143,274

 

242,675,755

 

Cash and cash equivalents

 

2,226,336

 

2,502,782

 

Total investments

 

978,893,709

 

930,632,904

 

 

 

 

 

 

 

Receivables:

 

 

 

 

 

Employer contribution

 

6,794,902

 

6,948,870

 

Participant contribution

 

1,532,675

 

1,332,368

 

Net assets available for benefits

 

$

987,221,286

 

938,914,142

 

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, 2005 and 2004

 

 

 

2005

 

2004

 

Additions to net assets attributed to:

 

 

 

 

 

Net appreciation in fair value of investments

 

$11,448,222

 

83,934,389

 

Interest

 

12,501,159

 

11,658,643

 

Dividends

 

13,342,679

 

8,784,652

 

Total investment income

 

37,292,060

 

104,377,684

 

 

 

 

 

 

 

Contributions:

 

 

 

 

 

Company matching (employer)

 

12,062,954

 

11,474,586

 

Retirement Plus (employer)

 

6,329,814

 

6,554,439

 

Employee

 

50,355,158

 

45,673,977

 

Total contributions

 

68,747,926

 

63,703,002

 

Plan transfer (Note 8)

 

4,166,572

 

 

Net additions

 

110,206,558

 

168,080,686

 

Deduction from net assets attributed to:

 

 

 

 

 

Distributions of benefits

 

61,795,435

 

51,198,713

 

Refund of excess contributions

 

40,153

 

52,674

 

Administrative expenses and other

 

63,826

 

51,731

 

Net deductions

 

61,899,414

 

51,303,118

 

Increase in net assets

 

48,307,144

 

116,777,568

 

Net assets available for benefits — beginning of year

 

938,914,142

 

822,136,574

 

Net assets available for benefits — end of year

 

$987,221,286

 

938,914,142

 

See accompanying notes to financial statements.

4




Beckman Coulter, Inc. Savings Plan

Notes to Financial Statements

December 31, 2005 and 2004

(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 Finance and 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 $14,000 and $13,000 in 2005 and 2004, respectively. Additionally, participants age 50 or greater may contribute up to $4,000 and $3,000 in 2005 and 2004, 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 core investment funds for their contributions. Participants may transfer their account balances among the different investment funds. Participants may also transfer investments in the Beckman Coulter Stock Fund among the different investment funds, however, Company match invested in the Beckman Coulter Stock Fund cannot be transferred out of this investment until the earlier of the first month following the participant’s 55th birthday or 1 year after the end of the month in which the contributions were credited to their account. Participants may also transfer up to a maximum of 50% of their overall plan balance, less any outstanding loan amounts, to the Tradelink+ account  which is a self-directed brokerage account that offers discount

5




brokerage services for securities not offered under the Plan. The self-directed brokerage account invests in various common stock and mutual funds.

Company contributions may be directed to any of the 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.

(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%. Principal and interest are paid ratably through payroll deductions.

(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 $1,000, the participants may elect to postpone their distribution until the year following the year they attain age 70-½.

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. As of December 31, 2005 and 2004, forfeited non-vested accounts totaled $27,268 and $17,884, respectively. These amounts will be used to reduce future employer contributions.

(h)                      Benefits Payable

At December 31, 2005 and 2004, the amounts of benefits payable to participants who have withdrawn from participation in the Plan were $446,130 and $10,804, respectively. Such amounts

6




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, 2005 and 2004.

(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.

(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 U.S. generally accepted accounting principles.

(b)                      Investment Valuation

Investments are stated at fair value except for guaranteed investment contracts, which are stated at contract value (see note 3). The ending fair value of the common stock and the brokerage window account are 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. Participant loans are valued at their outstanding balances which approximate fair values.

Purchases and sales of securities are recorded on a trade date basis. The average-cost method is used in determining gains and losses on the sales of securities. Dividends are recorded on the ex-dividend date.

(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 $70,700 and $35,974 for the years ended December 31, 2005 and 2004, 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

7




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 12.7% and 15.5% of plan assets as of December 31, 2005 and 2004, respectively.

(3)                     Valuation of Investment Contracts

The Interest Income Fund includes investments in benefit responsive guaranteed investment contracts (GICs), collective investment trust, and synthetic GICs. The Plan’s investments 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). 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 general 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 as 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 2005, the average yield earned on amounts invested in the GICs was 5.97%. As of December 31, 2005 and 2004, the average crediting interest rate on such contracts was 5.97%. There were no valuation reserves recorded to adjust contract amounts during the Plan years. Crediting rate resets are applied to

8




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.

The following is a reconciliation between the contract value and the fair value of the synthetic GICs at December 31, 2005:

 

Duration
(years)

 

Crediting
interest rate
percentage

 

Contract
value

 

Fair
value

 

Security-backed investments:

 

 

 

 

 

 

 

 

 

Synthetics:

 

 

 

 

 

 

 

 

 

IXIS Financial - Contract FP 1062-01

 

Evergreen

 

4.92

 

$

71,965,539

 

72,012,208

 

State Street Synthetic - Contract 97077

 

Evergreen

 

4.96

 

68,098,352

 

68,142,512

 

Transamerica Life - Contract 76850

 

Evergreen

 

4.90

 

69,176,278

 

69,221,138

 

 

 

 

 

 

 

 

 

 

 

Total synthetic guaranteed investment contracts

 

 

 

 

 

209,240,169

 

209,375,858

 

 

 

 

 

 

 

 

 

 

 

Less synthetic wrappers

 

 

 

 

 

 

(135,689

)

 

 

 

 

 

 

 

 

 

 

Total contract value of guaranteed investment contracts

 

 

 

 

 

$

209,240,169

 

209,240,169

 

 

The following is a reconciliation between the contract value and the fair value of the synthetic GICs at December 31, 2004:

 

Duration
(years)

 

Crediting
interest rate
percentage

 

Contract
value

 

Fair
value

 

Security-backed investments:

 

 

 

 

 

 

 

 

 

Synthetics:

 

 

 

 

 

 

 

 

 

IXIS Financial - 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

 

 

9




(4)                     Assets Held for Investment

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

 

2005

 

2004

 

Common stock:

 

 

 

 

 

Beckman Coulter, Inc.*

 

$

125,629,739

 

145,729,313

 

Tradelink+ Brokerage Account Common Stock

 

4,894,058

 

4,054,932

 

Total common stock

 

130,523,797

 

149,784,245

 

 

 

 

 

 

 

Mutual funds:

 

 

 

 

 

Blue Chip Growth Fund*

 

175,479,649

 

183,253,079

 

Fidelity Diversified Fund

 

30,356,390

 

19,829,319

 

Mid-Cap Growth Fund*

 

84,273,394

 

72,635,897

 

Neuberger Berman Genesis Fund

 

47,379,718

 

28,992,150

 

Russell Bond Fund

 

2,710,893

 

1,719,681

 

Retirement 2005 Fund

 

13,753,570

 

12,046,614

 

Retirement 2010 Fund

 

32,456,690

 

25,797,900

 

Retirement 2015 Fund

 

29,756,885

 

26,303,227

 

Retirement 2020 Fund

 

37,455,675

 

30,035,472

 

Retirement 2025 Fund

 

21,442,101

 

17,638,125

 

Retirement 2030 Fund

 

12,120,068

 

8,498,340

 

Retirement 2035 Fund

 

4,825,990

 

3,139,149

 

Retirement 2040 Fund

 

3,890,530

 

2,029,628

 

Retirement 2045 Fund

 

122,692

 

 

Retirement Income Fund

 

6,230,230

 

6,169,336

 

Tradelink+ Brokerage Account Mutual Funds

 

4,424,702

 

4,329,699

 

Vanguard Institutional Index Fund*

 

69,224,763

 

69,073,302

 

Washington Mutual Investors Fund

 

9,261,964

 

8,296,468

 

Total mutual funds

 

585,165,904

 

519,787,386

 

 

 

 

 

 

 

Participant loans receivable

 

15,834,398

 

15,882,736

 

 

 

 

 

 

 

Interest income fund:

 

 

 

 

 

Guaranteed investment contracts:

 

 

 

 

 

Monumental MDA00248

 

7,019,578

 

7,019,524

 

Canada Life — P46104

 

6,015,594

 

6,015,594

 

Principal Life — 4.47946

 

7,470,203

 

7,069,370

 

 

 

20,505,375

 

20,104,488

 

 

10




 

 

2005

 

2004

 

Synthetic guaranteed investment contracts:

 

 

 

 

 

IXIS Financial — Contract FP1062-01*

 

71,965,539

 

68,649,667

 

State Street Synthetic — Contract 97077*

 

68,098,352

 

64,974,805

 

Transamerica Life — Contract 76850*

 

69,176,278

 

66,012,335

 

 

 

209,240,169

 

199,636,807

 

Collective investment trust:

 

 

 

 

 

SEI Stable Asset Fund

 

15,397,730

 

22,934,460

 

 

 

 

 

 

 

Total interest income fund

 

245,143,274

 

242,675,755

 

 

 

 

 

 

 

Cash and cash equivalents

 

2,226,336

 

2,502,782

 

 

 

 

 

 

 

Total assets held for investment

 

$

978,893,709

 

930,632,904

 

*                    Represents investments exceeding 5% of net assets.

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

 

2005

 

2004

 

Common stock

 

$

(21,396,426

)

35,598,900

 

Mutual funds

 

32,481,606

 

47,995,136

 

Brokerage account

 

363,042

 

340,353

 

 

 

$

11,448,222

 

83,934,389

 

 

(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 (IRC). Although the Plan has been amended since receiving the determination letter, the Plan Administrator and the Plan’s tax counsel believe that the Plan is designed and currently being operated in compliance with applicable requirements of the IRC.

(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.

11




(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, 2005 and 2004.

 

2005

 

2004

 

Common stock:

 

 

 

 

 

Beckman Coulter, Inc.

 

$

125,629,739

 

145,729,313

 

 

 

 

 

 

 

Mutual funds:

 

 

 

 

 

Blue Chip Growth Fund

 

175,479,649

 

183,253,079

 

Vanguard Institutional Index Fund

 

69,224,763

 

69,073,302

 

Mid-Cap Growth Fund

 

84,273,394

 

72,635,897

 

 

 

 

 

 

 

Interest income fund:

 

 

 

 

 

IXIS Financial — Contract FP1062-01

 

71,965,539

 

68,649,667

 

State Street Synthetic — Contract 97077

 

68,098,352

 

64,974,805

 

Transamerica Life — Contract 76850

 

69,176,278

 

66,012,335

 

 

(8)                     Plan Transfer

Beckman Coulter, Inc. acquired Diagnostic Systems Laboratories, Inc. (DSL) effective October 12, 2005. On December 27, 2005 the DSL 401(k) Plan was terminated and plan assets in the amount of $4,166,572 were transferred to the Beckman Coulter, Inc. Savings Plan effective December 28, 2005.

12




BECKMAN COULTER, INC. SAVINGS PLAN

Schedule H, Line 4i —
Schedule of Assets (Held at End of Year)
December 31, 2005

Description of investment

 

Shares of
units

 

Current
value

 

Common stock:

 

 

 

 

 

Beckman Coulter, Inc.*

 

2,207,904

 

$

125,629,739

 

Tradelink+ Brokerage Account Common Stock

 

4,894,058

 

4,894,058

 

 

 

7,101,962

 

130,523,797

 

 

 

 

 

 

 

Mutual funds:

 

 

 

 

 

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

 

5,369,634

 

175,479,649

 

Fidelity Diversified International Fund

 

932,895

 

30,356,390

 

Index Fund — Vanguard Institutional Index Fund

 

607,181

 

69,224,763

 

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

 

1,556,583

 

84,273,394

 

Neuberger Berman Genesis Fund

 

975,895

 

47,379,718

 

Retirement 2005 Fund — T. Rowe Price*

 

1,265,278

 

13,753,570

 

Retirement 2010 Fund — T. Rowe Price*

 

2,227,638

 

32,456,690

 

Retirement 2015 Fund — T. Rowe Price*

 

2,652,129

 

29,756,885

 

Retirement 2020 Fund — T. Rowe Price*

 

2,396,396

 

37,455,675

 

Retirement 2025 Fund — T. Rowe Price*

 

1,869,407

 

21,442,101

 

Retirement 2030 Fund — T. Rowe Price*

 

734,995

 

12,120,068

 

Retirement 2035 Fund — T. Rowe Price*

 

415,318

 

4,825,990

 

Retirement 2040 Fund — T. Rowe Price*

 

234,794

 

3,890,530

 

Retirement 2045 Fund — T. Rowe Price*

 

11,318

 

122,692

 

Retirement Income Fund — T. Rowe Price*

 

500,018

 

6,230,230

 

Russell Bond Fund

 

182,429

 

2,710,893

 

Tradelink+ Brokerage Account Mutual Funds

 

4,424,702

 

4,424,702

 

Washington Mutual Investors Fund

 

300,323

 

9,261,964

 

Total mutual funds

 

26,656,933

 

585,165,904

 

 

13




BECKMAN COULTER, INC. SAVINGS PLAN

Schedule H, Line 4i —
Schedule of Assets (Held at End of Year)
December 31, 2005

Description of investment

 

Interest
rate

 

Maturity
date

 

Current
value

 

Interest income fund:

 

 

 

 

 

 

 

Guaranteed investment contracts:

 

 

 

 

 

 

 

Monumental — MDA00248

 

6.18

%

Various

 

$

7,019,578

 

Canada Life — P46104

 

6.10

 

Various

 

6,015,594

 

Principal Life — 4.47946

 

5.67

 

3/15/07

 

7,470,203

 

 

 

 

 

 

 

 

 

Total guaranteed investment contracts

 

 

 

 

 

20,505,375

 

 

 

 

 

 

 

 

 

Synthetic guaranteed investment contracts:

 

 

 

 

 

 

 

IXIS Financial — Contract FP1062-01

 

4.92

 

Evergreen

 

72,012,208

 

Synthetic Wrapper Agreement

 

 

 

 

 

(46,669

)

 

 

 

 

 

 

 

 

Total contract value of IXIS Financial

 

 

 

 

 

71,965,539

 

 

 

 

 

 

 

 

 

State Street Synthetic — Contract 97077

 

4.96

 

Evergreen

 

68,142,512

 

Synthetic Wrapper Agreement

 

 

 

 

 

(44,160

)

 

 

 

 

 

 

 

 

Total contract value of State Street Synthetic

 

 

 

 

 

68,098,352

 

 

 

 

 

 

 

 

 

Transamerica Life — Contract 76850

 

4.90

 

Evergreen

 

69,221,138

 

Synthetic Wrapper Agreement

 

 

 

 

 

(44,860

)

 

 

 

 

 

 

 

 

Total contract value of Transamerica Life

 

 

 

 

 

69,176,278

 

 

 

 

 

 

 

 

 

Total synthetic guaranteed investment contracts

 

 

 

 

 

209,240,169

 

 

 

 

 

 

 

 

 

Collective investment trust:

 

 

 

 

 

 

 

SEI Stable Asset Fund

 

4.50

 

Evergreen

 

15,397,730

 

 

 

 

 

 

 

 

 

Total interest income fund

 

 

 

 

 

245,143,274

 

 

 

 

 

 

 

 

 

Participant loans (interest rates ranging from 5.75% to 7.75%)

 

 

 

Various

 

15,834,398

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

 

 

2,226,336

 

Total investments

 

 

 

 

 

$

978,893,709

 

*                    Represents party in interest.

See accompanying report of independent registered public accounting firm.

14




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 19, 2006

By:

James F. Widergren

 

 

James F. Widergren

 

Its:

Committee Chairman

 




 

INDEX TO EXHIBITS

Exhibit
Number                  Description

23.1                         Consent of Independent Registered Public Accounting Firm



EX-23.1 2 a06-14530_1ex23d1.htm EX-23

EXHIBIT 23.1

Consent of Independent Registered Public Accounting Firm

The Board of Directors
Beckman Coulter, Inc.:

We consent to the incorporation by reference in registration statement (No. 333-72081) on Form S-8 of Beckman Coulter, Inc. of our report dated June 9, 2006, with respect to the statements of net assets available for benefits of the Beckman Coulter, Inc. Savings Plan as of December 31, 2005 and 2004, and the related statements of changes in net assets available for benefits for the years then ended, and related supplemental schedule, which report appears in the December 31, 2005, annual report on Form 11-K of the Beckman Coulter, Inc. Savings Plan.

KPMG LLP
Los Angeles, California
June 23, 2006

 



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