Document dv2NwBVXGVvrOB3empzZzY25

December 3t. 1978 1977* is 'housancs. exceat per snare f:gures> S 11.338 10,402 83,093 24,343 72,134 S 9.499 9.260 a 1.960 19.921 37.246 24.898 7,689 35.371 12.981 2,081 235,978 221,264 12,366 9,849 35,093 514,550 2.053 208.291 137.509 14.480 3.710 31.443 400.433 15,000 31,359 15.000 -- 31.223 80,476 392.822 604,657 519,657 Sl.034,207 78.080 345.540 454.843 469.843 S870.2'6 Consolidated Balance Sheet LIABILITIES Koooers Company, inc. ana Subsidiaries explanations Current liabilities: Accrued income taxes Giber :axes Accounts payacie. principally trade 1 1. 'C==r=5 CvvSC 2 -re ;---ary c=u'se z` c.s.ress :.-es xe assor-c: c- -sets 2 2. C.vee. cut -c: -ec.-ec :c ce ce : 3 a: /sa' sr.z Accrued pensions (Note 4) 4 3. O.e :: s.ss-e's *3* gcccs arc Other accruals (including S21.759 for Tennessee '.and servees and Mining Company acauisition in 1978--Note 9) Advance payments received on contracts Debt due within bne year, including short-term borrowings of 4 5 4. -r: catec exce-ses c -a' y cs"S`on$ arc cc-ce-sai-c- 5. :r se'vces a-c rcc.cts cac cy c-.stcmers. w : -rccce-s S5.283 in 1977 (Note 6) ccv-ce .r. tr.e -ear V..-e. Obligations under capnat leases (Note 5) 6. =ayaoie wtr- c-e yea' :-e tcr-ca-y s cuxer: assets a: yea-- Total current liabilities Term debt, due after one year (Note 6) Obligations under capital leases (Note 5) 6 e-c -573 ccve-es xese ac.: :ss:y a current 'atio cf 2 24.-;.- 7 7. sc.TCwirgs -sec tc exca-r 8 'cocers xccrre-o.'ccuc.r.g case Deferred compensation (Note 71 S-are.-cice's ce-e'-t as x-s accec :ac:;a> generates ear--gs t excess Deferred income taxes 9 z' rte-est costs or. re oect. 8. '-e Ocmcary eases a-c. Total liabilities c-.ci-gs. xaerxe-y arc ecu c-e-: -i .v ir cr.g-terrr oect. tre.-e -s a- coicaten tc cay c`i ccxcr.s t-ese eases eacr year --. s -ecese-ts xe c'esent vaiue cf tease cay-e-:s SHAREHOLDERS' EQUITY t.-.a: wiit ce trace in :re futu'e See cage -3. Cumulative preferred stock. 3100 par value: authorized 300.000 shares: issued ana outstanaing 150.000 shares. 4% series Preference stock, no par value: authorized i.000.000 snares: issued--none Common stock. $1.25 par value: authorized 40,000.000 shares: issuec and outstanding 25.087.492 shares in 1978 and 24.978.090 shares in 1977 Capital in excess of par value Earnings retained in me business (Note 6) 9. S':`erer.ces -. acco.r; -; . es arc tax emulations "es-.i r. ce-.a rcc~e arc exce-ses - ` -a-c a -eccts :-.at are rot -rvcec - ta- -ecarts r. tr-e saxe year *-s tetat 'ecreserts xe taxes c- xe ciftererce xat .vi'i ce ca c `uture years. 10. "re totai cox-.cr. s-a'e-c :;m cwrersr.io n .-soccers. rc-.a tc 320.12 tor eaen scare ct cci--csteex c-jtstancmg at tr-e e-c c` :97. .-ersus SiS.2' a: tne ere cf '.977, Common shareholders' ecjuity 10 Total oreferred and common shareholders' ecuity 'Restated--see Note 5. (See accompanying statement of accounting policies and notes to financial statemenis.)