 |
 |
 Bethlehem
Steel Corporation
CONSOLIDATED BALANCE SHEETS
(dollars in millions)
ASSETS
|
|
December 31
1997
(unaudited) |
December 31
1996 |
|
|
|
|
| Current Assets: |
|
|
| Cash and
cash equivalents |
$ 252.4 |
$ 136.6 |
|
Receivables, less allowances |
306.0 |
311.6 |
|
Inventories: |
|
|
| Raw
materials |
324.5 |
332.0 |
| Finished
and semifinished |
569.3 |
685.3 |
|
|
|
|
|
893.8 |
1,017.3 |
| Other
current assets |
11.8 |
22.9 |
|
|
|
|
| Total Current Assets |
1,464.0 |
1,488.4 |
| Investments and Miscellaneous Assets |
100.9 |
106.7 |
| Property, Plant and Equipment, less
accumulated depreciation of $4,095.5 and $3924.3 |
2,357.7 |
2,419.8 |
| Deferred Income Tax Asset - net |
880.0 |
935.0 |
| Intangible Asset - Pensions |
- |
160.0 |
|
|
|
|
| Total Assets |
$ 4,802.6 |
$ 5,109.9 |
|
|
|
|
| LIABILITIES AND
STOCKHOLDERS' EQUITY |
| Current Liabilities: |
|
|
|
|
Accounts payable |
$ 371.2 |
$ 410.4 |
|
Accrued employment costs |
323.9 |
313.3 |
|
Accrued taxes |
60.0 |
67.9 |
|
Debt and capital lease obligations |
41.8 |
49.3 |
|
Other current liabilities |
113.9 |
116.5 |
|
|
|
|
| Total Current Liabilities |
910.8 |
957.4 |
|
|
|
|
| Pension Liability |
440.0 |
870.0 |
| Post retirement Benefits Other Than
Pensions |
1,445.0 |
1,445.0 |
| Long-term Debt and Capital Lease
Obligations |
451.6 |
497.4 |
| Other Long-term Liabilities |
340.2 |
374.1 |
|
|
|
|
| Stockholders' Equity: |
|
|
|
Preferred Stock |
11.6 |
11.6 |
|
Preference Stock |
2.3 |
2.5 |
| Common
Stock |
115.0 |
113.9 |
| Common
Stock held in treasury at cost |
(60.0) |
(59.7) |
|
Additional paid-in capital |
1,854.0 |
1,886.3 |
|
Accumulated deficit |
(707.9) |
(988.6) |
|
|
|
|
| Total Stockholders' Equity |
1,215.0 |
966.0 |
|
|
|
|
| Total Liabilities and Stockholders'
Equity |
$ 4,802.6 |
$ 5,109.9 |
|
|
|
The accompanying Notes are an
integral part of the Consolidated Financial Statements.
Quarterly Financial Statements
Home  Financial About Divisions Steel Links Products
Markets What's New
E-mail comments to: [email protected]
�1998, Bethlehem Steel Corporation |