11-K 1 d11k.htm FORM 11-K Form 11-K
Table of Contents

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, 2006

OR

 

¨ 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

 



Table of Contents

BECKMAN COULTER, INC. SAVINGS PLAN

Financial Statements and Supplemental Schedule

December 31, 2006 and 2005

(With Report of Independent Registered Public Accounting Firm)


Table of Contents

BECKMAN COULTER, INC. SAVINGS PLAN

Table of Contents

 

     Page

Report of Independent Registered Public Accounting Firm

   1

Statements of Net Assets Available for Benefits – December 31, 2006 and 2005

   2

Statements of Changes in Net Assets Available for Benefits – Years ended December 31, 2006 and 2005

   3

Notes to Financial Statements

   4 – 12
Supplemental Schedule   

Schedule H, Line 4i – Schedule of Assets (Held at End of Year) – December 31, 2006

   13 – 14

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.


Table of Contents

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, 2006 and 2005, 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, 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, 2006 and 2005, 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, 2006, 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.

/s/KPMG LLP

Costa Mesa, California

June 25, 2007


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BECKMAN COULTER, INC. SAVINGS PLAN

Statements of Net Assets Available for Benefits

December 31, 2006 and 2005

 

     2006    2005

Investments – at fair value:

     

Common stock

   $ 125,501,356    130,523,797

Mutual funds

     641,863,038    582,455,011

Synthetic guaranteed investment contracts

     219,242,352    209,375,858

Guaranteed investment contracts

     7,897,802    20,660,100

Collective investment trust

     12,009,947    15,058,980

Common collective trust

     4,284,951    2,710,893

Participant loans

     14,908,944    15,834,398
           

Total investments

     1,025,708,390    976,619,037
           

Cash and cash equivalents

     7,484,962    2,226,336
           

Total assets held for investment at fair value

     1,033,193,352    978,845,373

Receivables:

     

Employer contribution

     6,476,701    6,794,902

Participant contribution

     1,472,462    1,532,675
           

Net assets reflecting all investments at fair value

     1,041,142,515    987,172,950

Adjustment from fair value to contract value for fully benefit-responsive investment contracts

     942,716    48,336
           

Net assets available for benefits

   $ 1,042,085,231    987,221,286
           

See accompanying notes to financial statements.

 

2


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BECKMAN COULTER, INC. SAVINGS PLAN

Statements of Changes in Net Assets Available for Benefits

Years ended December 31, 2006 and 2005

 

     2006    2005

Additions to net assets attributed to:

     

Net appreciation in fair value of investments

   $ 53,244,906    11,448,222

Interest

     12,932,803    12,501,159

Dividends

     23,178,596    13,342,679
           

Total investment income

     89,356,305    37,292,060
           

Contributions:

     

Company matching (employer)

     12,397,160    12,062,954

Retirement plus (employer)

     6,027,318    6,329,814

Employee

     50,206,715    50,355,158
           

Total contributions

     68,631,193    68,747,926
           

Plan transfer (note 8)

     —      4,166,572
           

Net additions

     157,987,498    110,206,558
           

Deductions from net assets attributed to:

     

Distributions of benefits

     103,011,809    61,795,435

Refund of excess contributions

     15,080    40,153

Administrative expenses and other

     96,664    63,826
           

Net deductions

     103,123,553    61,899,414
           

Increase in net assets

     54,863,945    48,307,144

Net assets available for benefits – beginning of year

     987,221,286    938,914,142
           

Net assets available for benefits – end of year

   $ 1,042,085,231    987,221,286
           

See accompanying notes to financial statements.

 

3


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BECKMAN COULTER, INC. SAVINGS PLAN

Notes to Financial Statements

December 31, 2006 and 2005

 

(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 $15,000 and $14,000 in 2006 and 2005, respectively. Additionally, participants age 50 or greater may contribute up to $5,000 and $4,000 in 2006 and 2005, respectively, as a catch-up 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 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, the 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 brokerage services for securities not offered under the Plan. The self-directed brokerage account invests in various common stock and mutual funds.

 

   4   (Continued)


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BECKMAN COULTER, INC. SAVINGS PLAN

Notes to Financial Statements

December 31, 2006 and 2005

 

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 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 uncommon as the majority of Plan participants are 100% vested upon enrollment. As of December 31, 2006 and 2005, forfeited nonvested accounts totaled $26,456 and $27,268, respectively. These amounts will be used to reduce future employer contributions.

 

   5   (Continued)


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BECKMAN COULTER, INC. SAVINGS PLAN

Notes to Financial Statements

December 31, 2006 and 2005

 

  (h) Benefits Payable

At December 31, 2006 and 2005, the amounts of benefits payable to participants who have withdrawn from participation in the Plan were $20,139 and $446,130, 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, 2006 and 2005.

 

  (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 accounting principles generally accepted in the United States of America.

 

  (b) Investment Valuation

The ending fair value of the common stock and the brokerage window account 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. 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 $258,244 and $70,700 for the years ended December 31, 2006 and 2005, 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

 

   6   (Continued)


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BECKMAN COULTER, INC. SAVINGS PLAN

Notes to Financial Statements

December 31, 2006 and 2005

 

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 11.5% and 12.7% of plan assets as of December 31, 2006 and 2005, respectively.

 

  (f) Reclassification

Certain accounts in the prior year financial statements have been reclassified for comparative purposes to conform to the presentation in the current year financial statements.

 

  (g) Adoption of New Accounting Standard

Effective January 1, 2006, the Plan adopted the provisions of FASB Staff Position (FSP) AAG-INV-1 and SOP No. 94-4-1, Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans with respect to fully benefit-responsive investment contracts held by the Plan.

As provided in the FSP, an investment contract is generally permitted to be valued at contract value, rather than fair value, to the extent it is fully benefit-responsive. Also provided for by the FSP, the fully benefit-responsive investment contracts are included at fair value in the investments of the Plan and are adjusted to contract value in the statements of net assets available for benefits. The provisions of the FSP have been retroactively adopted for the year ended December 31, 2005, for comparative purposes.

 

(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 valued 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.

 

   7   (Continued)


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BECKMAN COULTER, INC. SAVINGS PLAN

Notes to Financial Statements

December 31, 2006 and 2005

 

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 2006 and 2005, the average yield earned on amounts invested in the GICs was 5.67% and 5.97%, respectively. As of December 31, 2006 and 2005, the average crediting interest rate on such contracts was 5.67% and 5.97%, respectively. There were 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.

 

   8   (Continued)


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BECKMAN COULTER, INC. SAVINGS PLAN

Notes to Financial Statements

December 31, 2006 and 2005

 

The following is a reconciliation between the contract value and the fair value of the synthetic GICs at December 31, 2006:

 

     Duration
(years)
   Crediting
interest rate
percentage
   

Contract

value

  

Fair

value

Security-backed investments:

          

Synthetics:

          

IXIS Financial – Contract FP 1062-01

   Evergreen    5.20 %   $ 75,608,413    75,406,154

State Street Synthetic – Contract 97077

   Evergreen    5.30       71,544,977    71,353,589

Transamerica Life – Contract 76850

   Evergreen    5.26       72,677,026    72,482,609
                

Total synthetic guaranteed investment contracts

          219,830,416    219,242,352

Add synthetic wrappers

          —      588,064
                

Total contract value of guaranteed investment contracts

        $ 219,830,416    219,830,416
                

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  
                  

 

   9   (Continued)


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BECKMAN COULTER, INC. SAVINGS PLAN

Notes to Financial Statements

December 31, 2006 and 2005

 

(4) Assets Held for Investment

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

 

     2006    2005

Common stock:

     

Beckman Coulter, Inc.*

   $ 120,297,368    125,629,739

Tradelink+ Brokerage Account Common Stock

     5,203,988    4,894,058
           

Total common stock

     125,501,356    130,523,797
           

Mutual funds:

     

Blue Chip Growth Fund*

     174,875,467    175,479,649

Equity Income Fund

     15,358,291    —  

Fidelity Diversified Fund

     48,927,695    30,356,390

Goldman Sachs Structured Small Capital Equity Fund

     1,478,173    —  

Mid-Cap Growth Fund*

     80,229,444    84,273,394

Neuberger Berman Genesis Fund

     40,239,078    47,379,718

Retirement 2005 Fund

     12,486,322    13,753,570

Retirement 2010 Fund

     37,599,664    32,456,690

Retirement 2015 Fund

     36,707,287    29,756,885

Retirement 2020 Fund

     46,528,752    37,455,675

Retirement 2025 Fund

     27,443,221    21,442,101

Retirement 2030 Fund

     16,985,482    12,120,068

Retirement 2035 Fund

     7,336,445    4,825,990

Retirement 2040 Fund

     6,419,443    3,890,530

Retirement 2045 Fund

     960,946    122,692

Retirement Income Fund

     6,173,865    6,230,230

Tradelink+ Brokerage Account Mutual Funds

     5,285,130    4,424,702

Vanguard Institutional Index Fund*

     76,828,333    69,224,763

Washington Mutual Investors Fund

     —      9,261,964
           

Total mutual funds

     641,863,038    582,455,011
           

Common collective trusts:

     

Russell Bond Fund

     4,284,951    2,710,893
           

Total common collective trusts

     4,284,951    2,710,893
           

Participant loans receivable

     14,908,944    15,834,398

Interest income fund:

     

Guaranteed investment contracts:

     

Monumental MDA00248

     —      7,059,833

Canada Life – P46104

     —      6,059,740

Principal Life – 4.47946

     7,897,802    7,540,527
           
     7,897,802    20,660,100
           

 

   10   (Continued)


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BECKMAN COULTER, INC. SAVINGS PLAN

Notes to Financial Statements

December 31, 2006 and 2005

 

     2006    2005

Synthetic guaranteed investment contracts:

     

IXIS Financial – Contract FP1062-01*

   $ 75,406,154    72,012,208

State Street Synthetic – Contract 97077*

     71,353,589    68,142,512

Transamerica Life – Contract 76850*

     72,482,609    69,221,138
           
     219,242,352    209,375,858
           

Collective investment trust:

     

SEI Stable Asset Fund

     12,009,947    15,058,980
           

Total interest income fund

     239,150,101    245,094,938
           

Cash and cash equivalents

     7,484,962    2,226,336
           

Total assets held for investment at fair value

   $ 1,033,193,352    978,845,373
           

* Represents investments exceeding 5% of net assets.

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

 

     2006    2005  

Common stock

   $ 5,908,859    (21,396,426 )

Mutual funds

     46,714,530    32,481,606  

Brokerage window account

     621,517    363,042  
             
   $ 53,244,906    11,448,222  
             

 

(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   (Continued)


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BECKMAN COULTER, INC. SAVINGS PLAN

Notes to Financial Statements

December 31, 2006 and 2005

 

(7) Investments Exceeding 5% of Net Assets

The following is a summary of the investments at fair value that represent 5% or more of net assets available for benefit as of December 31, 2006 and 2005.

 

     2006    2005

Common stock:

     

Beckman Coulter, Inc.

   $ 120,297,368    125,629,739

Mutual funds:

     

Blue Chip Growth Fund

     174,875,467    175,479,649

Vanguard Institutional Index Fund

     76,828,333    69,224,763

Mid-Cap Growth Fund

     80,229,444    84,273,394

Interest income fund:

     

IXIS Financial – Contract FP1062-01

     75,406,154    72,012,208

State Street Synthetic – Contract 97077

     71,353,589    68,142,512

Transamerica Life – Contract 76850

     72,482,609    69,221,138

 

(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  


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BECKMAN COULTER, INC. SAVINGS PLAN

Schedule H, Line 4i –

Schedule of Assets (Held at End of Year)

December 31, 2006

 

Description of investment

   Shares of
units
  

Current

value

Common stock:

     

Beckman Coulter, Inc.*

   2,011,662    $ 120,297,368

Tradelink+ Brokerage Account Common Stock

   5,203,988      5,203,988
           

Total common stock

   7,215,650      125,501,356
           

Mutual funds:

     

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

   4,894,360      174,875,467

Equity Income Fund – T.Rowe Price*

   519,739      15,358,291

Fidelity Diversified International Fund

   1,324,160      48,927,695

Index Fund – Vanguard Institutional Index Fund

   592,857      76,828,333

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

   1,494,309      80,229,444

Neuberger Berman Genesis Fund

   843,056      40,239,078

Retirement 2005 Fund – T. Rowe Price*

   1,075,480      12,486,322

Retirement 2010 Fund – T. Rowe Price*

   2,369,229      37,599,664

Retirement 2015 Fund – T. Rowe Price*

   2,967,444      36,707,287

Retirement 2020 Fund – T. Rowe Price*

   2,681,772      46,528,752

Retirement 2025 Fund – T. Rowe Price*

   2,133,999      27,443,221

Retirement 2030 Fund – T. Rowe Price*

   913,689      16,985,482

Retirement 2035 Fund – T. Rowe Price*

   557,057      7,336,445

Retirement 2040 Fund – T. Rowe Price*

   342,370      6,419,443

Retirement 2045 Fund – T. Rowe Price*

   77,684      960,946

Retirement Income Fund – T. Rowe Price*

   470,211      6,173,865

Structured Small Capital Equity Fund – Golden Sachs

   99,607      1,478,173

Tradelink+ Brokerage Account Mutual Funds

   5,285,130      5,285,130
           

Total mutual funds

   28,642,153      641,863,038
           

Common collective trust:

     

Russell Bond Fund

   275,914      4,284,951
           

Total common collective trust

   275,914      4,284,951
           

 

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BECKMAN COULTER, INC. SAVINGS PLAN

Schedule H, Line 4i –

Schedule of Assets (Held at End of Year)

December 31, 2006

 

Description of investment

   Interest
rate
   Maturity
date
  

Current

value

Interest income fund:

        

Guaranteed investment contracts:

        

Principal Life – 4.47946

   5.67    3/15/2007    $ 7,897,802
            

Total guaranteed investment contracts

           7,897,802
            

Synthetic guaranteed investment contracts:

        

IXIS Financial – Contract FP1062-01

   5.20    Evergreen      75,406,154

State Street Synthetic – Contract 97077

   5.30    Evergreen      71,353,589

Transamerica Life – Contract 76850

   5.26    Evergreen      72,482,609
            

Total synthetic guaranteed investment contracts

           219,242,352
            

Collective investment trust:

        

SEI Stable Asset Fund

   4.67    Evergreen      12,009,947
            

Total interest income fund

           239,150,101
            

Participant loans (interest rates ranging from 5.75% to 9.25%)

      Various      14,908,944

Cash and cash equivalents

           7,484,962
            

Total assets held for investments

         $ 1,033,193,352
            

* Represents party in interest.

See accompanying Report of Independent Registered Public Accounting Firm.

 

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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 27, 2007

  By:  

/s/ Charles P. Slacik

    Charles P. Slacik
  Its:   Committee Chairman


Table of Contents

INDEX TO EXHIBITS

 

Exhibit
Number
  

Description

23.1    Consent of Independent Registered Public Accounting Firm