ANNUAL BALANCE SHEET ($ Thousands) 31-Dec-15 31-Dec-16 ASSETS Cash & Short-Term Investments $17.11 $25.05 Net Receivables $1.62 $1.84 Inventories $42.72 $39.68 Prepaid Expenses $0.00 50.00 Other Current Assets $3.38 $2.93 Total Current Assets $64.84 $69.49 Gross Plant, Property & Equipment $63.75 $58.28 Accumulated Depreciation $36.16 $32.61 Net Plant, Property & Equipment $27.58 $25.67 Intangibles $5.88 $6.01 Other Assets $6.16 $5.81 TOTAL ASSETS $104.47 $106.98 LIABILITIES Long Term Debt Due In One Year $0.00 $0.00 Accounts Payable $10.59 $11.91 Taxes Payable $1.67 $2.01 Accrued Expenses $7.19 $6.91 Other Current Liabilities $1.85 Total Current Liabilities $21.54 522.67 Long Term Debt $6.95 $19.79 Deferred Taxes $1.16 $2.32 Other Liabilities $3.04 $2.43 TOTAL LIABILITIES $32.68 $47.21 EQUITY Common Stock $0.07 50.06 Capital Surplus $27.25 $24.31 Retained Earnings $73.89 $61.10 Less: Treasury Stock $29.42 $25.71 TOTAL EQUITY $71.79 $59.77 TOTAL LIABILITIES & EQUITY $104.47 $106.98 Common Shares Outstanding $5.14 $5.05Annual Income Statement ($ Thousands, except per share ) 2015 2016 Sales 5179.24 $164.28 Cost of Goods Sold 595.71 591.99 Gross Profit 583.53 572.29 Selling, General, & Administrative Exp. $56.36 550.65 Operating Income Before Deprec. 527.17 $21.64 Depreciation, Depletion, &Amortization $5.85 $5.89 Operating Profit $21.33 515.74 Interest Expense 50.88 50.56 Non-Operating Income/Expense 50.93 50.31 Special Items 50.00 50.00 Pretax Income 521.38 515.49 Total Income Taxes $7.23 55.60 Income Before Extraordinary Items & Discontinued Operations $14.15 59.90 Savings Due to Common Stock Equiv. 50.00 50.00 Adjusted Net Income $14.15 $9.90 EPS Basic from Operations 50.26 50.19 EPS Diluted from Operations 50.25 50.19 Com Shares for Basic EPS $5.06 $5.12 Com Shares for Diluted EPS $5.21 $5.27Cash Flow Statement 2016 ($ Thousands) Cash Flow from Operating Activities Net income 9.90 Change in Accounts Payable 1.32 Change in Accounts Receivable (0.22) Change in Inventory 3.04 Other Adjustments: Accrued Expenses (0.28) Depreciation Expense 5.89 Tax Expense 1.30 Other Current Assets 0.45 Other Current Liabilities (0.03) Non-Operating Income/Expense (0.31) Net Cash provided by Operating Activities 21.06 Cash Flow from Investing Activities Purchase of Assets (Intangibles) (4.10) Sales of other assets 0.35 Income from short term investments (Non-Operating Income/Expense) 0.31 Net Cash used in Investing Activities (3.44) Cash Flows from Financing Activities Additions to long-term debts 12.84 Other Liabilities (0.61) Cash dividends 0.00 Repurchase of Treasury Stock [21.93 Net cash used in Financing Activities (9.70) increase/Decrease in cash and cash equivalents 7.92 Cash and Cash Equivalents at the beginning of the period 17.11 Cash and Cash Equivalents at the end of the period 25.03
