 |
 |
Financial Highlights
| (Dollars in millions, except per share data) |
1997 |
1996 |
|
| For The Year |
|
|
| Net Sales |
$4,631.2 |
$4,679.0 |
| Estimated gain (loss) on exiting businesses |
135.0 |
(465.0) |
| Income from operations before gain (loss) on exiting businesses |
239.0 |
136.6 |
| Net income(loss) |
280.7 |
(308.8) |
| Net income (loss) per Common share |
|
|
| -basic |
2.13 |
(3.15) |
| -diluted |
2.03 |
(3.15) |
| Cash provided from operating activities |
550.9 |
340.8 |
| Capital expenditures |
228.2 |
259.0 |
| Pension funding |
425.0 |
170.0 |
| Depreciation |
231.0 |
268.7 |
|
Raw steel production capability
(net tons in thousands) |
10,500 |
10,500 |
| Raw steel production (net tons in thousands) |
9,599 |
9,447 |
| Steel products shipped (net tons in thousands) |
8,802 |
8,782 |
| Average number of employees receiving pay |
16,400 |
17,800 |
|
| At Year End |
|
|
| Cash and cash equivalents |
$252.4 |
$136.6 |
| Available borrowings under bank commitments |
359.4 |
309.9 |
| Total debt and capital lease obligations |
493.4 |
546.7 |
| Stockholders' equity |
1,215.0 |
966.0 |
| Total debt as a percent of invested capital |
29% |
36% |
|
|