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2005-2006 Investor Fact BookStatistical Supplement to Annual Report to Shareholders |
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2005-2006 Investor Fact BookStatistical Supplement to Annual Report to Shareholders |
| (in millions except share data) | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
| Net sales | $ 8,291 | $ 7,722 | $ 7,483 | $ 7,691 | $ 8,113 | $ 6,769 | $ 3,432 |
| Adjusted EBITDA (as defined below) | 775 | 715 | 962 | 1,127 | 1,458 | 910 | 354 |
| Net income (loss) available to common stockholders | (57) | (208) | 54 | 66 | 224 | 157 | (200) |
| Diluted earnings per common share | (0.23) | (0.85) | 0.22 | 0.27 | 0.96 | 0.71 | (1.61) |
| Total debt | 4,498 | 4,807 | 4,990 | 4,943 | 5,342 | 4,793 | 6,633 |
| Net cash provided by operating activities | 273 | 162 | 503 | 597 | 811 | 183 | 129 |
| Capital expenditures | 219 | 212 | 207 | 189 | 363 | 156 | 287 |
EBITDA AND ADJUSTED EBITDA (as defined below, in millions, unaudited)
| Year ended December 31, | ||||
| 2004 | 2003 | |||
| Income (loss) from continuing operations before cumulative effect of accounting change | $ (46) | $ (198) | ||
| Provision for (benefit from) income taxes | (63) | (140) | ||
| Interest expense, net | 343 | 341 | ||
| Depreciation, depletion and amortization | 416 | 415 | ||
| Income from discontinued operations before income taxes | 10 | |||
| EBITDA | 650 | 428 | ||
| Loss on early extinguishment of debt | 11 | 3 | ||
| Impairment charge | 73 | |||
| Stone receivables discount expense | 7 | 4 | ||
| Restructuring charges (income) | 16 | 115 | ||
| Non-cash foreign exchange (gain) loss | 22 | 50 | ||
| Litigation settlements, net | 3 | 110 | ||
| (Gain) loss on sale of assets | (7) | 5 | ||
| Adjusted EBITDA | $ 775 | $ 715 | ||
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2005-2006 Investor Fact BookStatistical Supplement to Annual Report to Shareholders |
EBITDA is defined as net loss before benefit from income taxes; interest expense; net and depreciation, depletion and amortization. “Adjusted EBITDA” is defined as EBITDA adjusted as indicated above. EBITDA and Adjusted EBITDA are presented in order to provide an indication of our ability to service debt and are important measures because of our highly leveraged position. They are presented to enhance an understanding of our operating results and are not intended to represent cash flow or results of operations for the periods presented. EBITDA and Adjusted EBITDA are not measurements under accounting principles generally accepted in the United States and may not be similar to EBITDA and Adjusted EBITDA measurements of other companies.