Document rengLqKmgo15QoBERDK95M2jV

Monsanto Chemical Company Gbnehal Offices Saint Louts CABLE ADDRESS MONSANTO-ST. LOUIS October 30, 1935. TO THE STOCKHOLDERS OF MONSANTO CHEMICAL COMPANY:.. . ..... ........ . ... Net profits available to the common stock for the third quarter of the year were $884,550 or 89J/2 cents on 987,876 shares outstanding. $566,195 or 65J/2 cents a share was earned during the corresponding quarter of 1934 on 864,000 shares then outstanding. For the nine months of 1935, earnings available to common stock total $2,732,999 or $2,761/2 a share, which compares favorably with 1934 results of $1,945,230 or $2.25 a share. 1935 figures include the earnings of the subsidiaries of The Swann Corporation, which were acquired during the year. In view of the satisfactory results, the Board of Directors declared an extra dividend of 25 cents a share, to be paid with the regular dividend of 25 cents a share on December 14 to stockholders of record November 25, next. -------- ------------------- -- -------- ...... ...... .....- The income account for the first nine months and the balance sheet as of the close of the period are attached. STLCOPCB4056081 DSW 331302 MONSANTO CHEMICAL COMPANY AND SUBSIDIARY COMPANIES . Consolidated Balance Sheet, September 30, 1935 ASSETS Current Assets: Cash........................................................................................ Marketable Securities....................................................... Customers* Notes and Accounts Receivable. ... Miscellaneous Accounts Receivable . .. . . . . . Inventories.................................................. * 4,255.872.16 103.857.19 2,451,396.26 - 93,037.42 5,151,970.50 $12,056,133.53 Other Assets: , . . <: Due from Officers and Employees , : : . . . On Purchases of Company's Stocks.................................... ^ 116,241.73 Advances...............................................i ;r ' 37,235.49 Miscellaneous Investments................................ t ; 295,721.00 Loans, Deposits, etc............................................................ Unconsolidated Subsidiaries at Nominal Value . . 195,134.68 ______ 2,652.99 ' $646,985.89 Plant Property; Land............................. Buildings................................ Machinery and Equipment $ 1,508,741.34 5.269.705.16 15.520,532.29 ' $22.298,978.79 Patents and Processes: $2.00 Deferred Charges: Prepaid Items..................................................................... British Subsidiary Reorganization Expense .... $ 294,698.13 52,299.00 $346,997.13 $35,349,097.34 LIABILITIES Current Liabilities: Accounts Payable................................................................. Accrued Items ...................................................................... Estimated Income Taxes. . ................................. .. $ 1,267,976.08 473,737.01 827,059.17 $ 2,568.772.26 Funded Debt; 2^% Convertible Notes Due May I, 1945 . . . . S525.000.0U Reserves: . V , Depreciation and Obsolescence . ................................. For Redemption of Returnable Containers .... For Fluctuations of Exchange. For Contingencies................................................................. For Relocations and Revaluations of Plantsaod Properties $ 7,868,121.66 573,521.36 234.298.05 296,683.35 593,099.92 $ 9,565,724.34 Minority Interests: .- $424,589.53 1 ' .............................................. Capital Stock and Surplus: . . Capital Stock* ... .. Monsanto Chemicals, Limited Redeemable Cumulative Preference Shares of 1 Each; Authorized 500,000Shares: Outstanding 400.000 Shares........................................ . $ 1,940,000.00 Monsanto Chemical Company Authorized 1,250.000 Shares of $10.00 Each; Issued................................................1,013,414 Shares . Less--in Treasury . . .... . * 25,538 Shares Outstanding...................................... 987,876 Shares ' , $ 9,878,762.50 Surplus: Paid-In Surplus....................... ......................................... Earned Surplus Acquired from Predecessor Corporation Earned Surplus................................................................. $ 3,009,186.16 772,377.14 6,664,685.41 $22,265,011.21 $35,349,097.34 Nolallon.--The Amcib end Liabilities of the British Subeidisry have been converted et $4.85 per . 4 Includes 6,750 Shore, held for conversion of 2*/% convertible notes. MONSANTO CHEMICAL COMPANY AND SUBSIDIARY COMPANIES Statement of Consolidated Income for the Nine Months Ended September 30, 1935, and 1934, and Comparison 'v.. -' Nine Month* Ended September 30, 1935 Gross Profit from operations before Depreciation and Obsolescence.............................................. . $6,768,529.29 Nine Months Ended September 30, 1934 $4,524,294.98 Deduct: 5 ` ' '1 . i ._!. / i!' Selling and administrative expenses .... .$2,020,487.79 Depreciation and obsolescence............................... . 931.678.27 Research expenses...................................... . . 500.537.05 r. $1,285,447.33 674,769.79 351,915.31 Total. ... . . . : $3,452,703.11 $2,312,132.43 Net Profit from Operations .... . 3,315,826.18 2,212,162.55 Increase $2,244,234.31 $ 735,040.46 256,908.48 148,621.74 $1,140,570.68 1,103,663.63 Other Income: , Interest Earned . . . . . . . . Other.............................................. Total....................................................... Gross Income....................................................... Income Charges: Bond and Note Interest...................................... Other Charges...................................................... Total....................................................... .$ 19,839.49 . 304,936.03 .$ 324,775.52 .$3,640,601.70 .$ 42,959.20 . 180,508.56 .$ 223,467.76 $ 17,282.57 237,759.51 $ 255,042.08 $2,467,204.63 $ 2,556.92 67,176.52 $ 69,733.44 $1,173,397.07 $ 41,956.95 $ 95,756.84 $ 137,713.79 $ 1,002.25 84,751.72 85,753.97 Net Income before provision for income taxes . Provision for income taxes..................................... Net Income for period . . . . Net Income applicable to minority interests. .$3,417,133.94 . 550,321.03 - $2,866,812.91 . 58,125.78 $2,329,490.84 384,260.81 $1,945,230.03 $1,087,643.10 166,060.22 $ 921,582.88 58,125.78 Net Income for period transferred to Surplus. Preferred dividends.............................................. .$2,808,687.13 . 75,687.36 $1,945,230.03 $ 863,457.10 75,687.36 Net Earnings available for Common Stock . Per Share................................................................ . $2,732,999.77 $1,945,230.03 . $2.76H $2.25 $ 787,769.74 Notation--1935 figure* include the earning* of the eubeidiaiie* of the Swann Corporation, which were acquired daring the year, and of New England Alcohol Company. The earning* of the British subsidiary have been converted at $4.45 pas . oSVM3^ STLCOPCB4056083