Document grY4VbQVk3OqLpRvdVanG8wJ
In re: All Asbestos Litigation Filed by Simmons Cooper, Circuit Court, Third Judicial District, Madison Cty., IL; 11/17/05.
Income
1959
Net sales........................................................................................ $287,332,079
Other income...............................................................................
993,410
$288,325,489
Less: Cost of products sold................................................................ $234,805,342
Selling, advertising, administrative, and general expenses . . .
16,225,349
Other charges............................................................................
626,991
Federal, state, and Canadian taxes onincome--estimated . .
19,399,000
$271,056,682
NET INCOME.......................................... ...
$ 17,268,807
Allowances for depreciation and amortization: 1959 - 86,934,023; 1958-87,352,472
1958
$197,836,672 942,881
$198,779,553
$169,507,160 12,380,291 321,335 8,615,000
$190,823,786 $ 7,955,767
Samings Retainedfor Use in the business
Balance at beginning of year : Eaton Manufacturing Company and subsidiaries............... .
Fuller Manufacturing Company and subsidiary ....................
Net income of Fuller Manufacturing Company and subsidiary for December, 1957 ...............................................
Net income for the year..............................................................
Dividends declared: Cash --$1.90 a share in 1959, and $1.50 a share in 1958 --Note A................................... Stock dividend of Fuller Manufacturing Company--10% .
.
BALANCE AT END OF YEAR........................... .
$ 74,536,041 $ 74,536,041
17,268,807 $ 91,804,848
$ 9,084,417 $ 9,084,417 $ 82,720,431
See notes to consolidatedfinancial statements--Past 10
$ 66,294,460 8,395,556
$ 74,690,016
274,755 7,955,767 S 82,920,538
$ 6,798,301 1,586,196
$ 8,384,497 $ 74,536,041
EATON
MANUFACTURING COMPANY AND CONSOLIDATED SUBSIDIARIES
STATEMENTS OF CONSOLIDATED INCOME AND EARNINGS RETAINED FOR USE IN THE BUSINESS
Final assembly of Eaton 2-Speed Truck Axles.
7
EAB 064596
In re: All Asbestos Litigation Filed by Simmons Cooper, Circuit Court, Third Judicial District, Madison Cty., IL; 11/17/05.