SlideShare une entreprise Scribd logo
1  sur  3
Télécharger pour lire hors ligne
PPG INDUSTRIES AND CONSOLIDATED SUBSIDIARIES
CONDENSED STATEMENT OF OPERATIONS (unaudited)
(All amounts in millions except per-share data)
                                                                                        3 Months Ended                6 Months Ended
                                                                                            June 30                      June 30
                                                                                        2007       2006               2007      2006
Net sales                                                                           $ 3,173          $2,824          $ 6,090     $5,462
Cost of sales, exclusive of depreciation and amortization                             2,017           1,747            3,902      3,438
Selling and other                                                                       653             573            1,275      1,108
Depreciation                                                                             90              84              177        166
Interest                                                                                 23              21               45         41
Amortization                                                                             15              10               29         19
Asbestos settlement - net                                                                 8               8               17         17
Business restructuring                                                                    -               2                -         37
Other - net (Note A)                                                                    (29)            (26)             (31)       (38)
INCOME BEFORE INCOME TAXES AND MINORITY
     INTEREST                                                                             396          405                676         674
Income tax expense (Note B)                                                               124          107                192         173
Minority interest                                                                          23           18                 41          37
NET INCOME (Note C)                                                                 $     249    $     280           $    443    $    464


Earnings per common share                                                           $     1.51   $     1.69          $ 2.69      $ 2.80

Earnings per common share - assuming dilution                                       $     1.50   $     1.68          $ 2.67      $ 2.79

Average shares outstanding                                                               164.8        165.9              164.7       165.9

Average shares outstanding - assuming dilution                                           166.4        166.9              166.1       166.7

Note A:
    The three and six months ended June 30, 2006 includes pretax earnings of $20 million for net legal and insurance matters.
Note B:
   Income tax expense for the three and six months ended June 30, 2006 includes the favorable impact of a settlement with the IRS of
   our 2001 - 2003 tax returns totaling $22 million or $0.13 per share.
Note C:
    The three and six months ended June 30, 2006 includes aftertax earnings of $12 million for net legal and insurance matters.
BALANCE SHEET HIGHLIGHTS (unaudited)

                                                            June 30      June 30
                                                             2007         2006
                                                                  (millions)
Current assets:
    Cash and cash equivalents                               $     197   $        419
    Receivables - net                                           2,583          2,248
    Inventories                                                 1,480          1,273
    Other                                                         691            577
       Total current assets                                     4,951          4,517

Current liabilities:
    Short-term debt and current portion of long-term debt   $     216   $        139
    Asbestos settlement                                           601            560
    Accounts payable and accrued liabilities                    2,145          1,939
       Total current liabilities                                2,962          2,638

Long-term debt                                                  1,151          1,196
BUSINESS SEGMENT INFORMATION (unaudited)

                                                                                         3 Months Ended                    6 Months Ended
                                                                                             June 30                          June 30
                                                                                         2007       2006                   2007      2006
                                                                                                             (millions)


Net sales
    Performance and Applied Coatings                                                 $   974     $   774                  $ 1,829   $ 1,452
    Industrial Coatings                                                                  943         811                    1,812     1,579
    Optical and Specialty Materials                                                      296         262                      576       494
    Commodity Chemicals                                                                  380         372                      751       773
    Glass                                                                                580         605                    1,122     1,164
       TOTAL                                                                         $ 3,173     $ 2,824                  $ 6,090   $ 5,462

Segment income
     Performance and Applied Coatings                                                $     159 $      145                 $   280 $     250
     Industrial Coatings                                                                   109        104                     204       195
     Optical and Specialty Materials                                                        71         61                     138       117
     Commodity Chemicals                                                                    57         86                     101       173
     Glass                                                                                  50         53                      70        88
        TOTAL                                                                              446        449                     793       823
Legacy costs (Note A)                                                                       (6)        11                     (11)       (1)
Asbestos settlement - net                                                                   (8)        (8)                    (17)      (17)
Interest - net                                                                             (20)       (18)                    (39)      (35)
Restructuring                                                                                -         (2)                      -       (37)
Unallocated stock based compensation (Note B)                                               (9)       (10)                    (18)      (18)
Other unallocated corporate expenses                                                        (7)       (17)                    (32)      (41)
INCOME BEFORE INCOME TAXES AND MINORITY
     INTEREST                                                                        $     396   $    405                 $   676   $   674

Note A:
    Legacy costs include current costs related to former operations of the Company, including certain environmental remediation,
    pension and other postretirement benefit costs and certain charges which are considered to be unusual or non-recurring. In the
    second quarter of 2006, these costs included pretax income of $28 million for an insurance recovery.

Note B:
    Unallocated stock based compensation includes the cost of stock options, restricted stock units and contingent share grants which
    are not allocated to the operating segments.

Contenu connexe

Tendances

baxter international Schedules_Q2-05
baxter international Schedules_Q2-05baxter international Schedules_Q2-05
baxter international Schedules_Q2-05finance24
 
xel_08/16/02
xel_08/16/02xel_08/16/02
xel_08/16/02finance26
 
baxter international Q1/06 PR
baxter international Q1/06 PRbaxter international Q1/06 PR
baxter international Q1/06 PRfinance24
 
dover Q307_10Q
dover Q307_10Qdover Q307_10Q
dover Q307_10Qfinance30
 
plains all american pipeline Annual Reports 2000
plains all american pipeline  Annual Reports 2000plains all american pipeline  Annual Reports 2000
plains all american pipeline Annual Reports 2000finance13
 
bnsf 3Q 2006 Investors Report
bnsf 3Q 2006 Investors Reportbnsf 3Q 2006 Investors Report
bnsf 3Q 2006 Investors Reportfinance16
 
Xel_4Company_1Q 2002 10Q
Xel_4Company_1Q 2002 10QXel_4Company_1Q 2002 10Q
Xel_4Company_1Q 2002 10Qfinance26
 
dover 1Q06_Earnings
dover 1Q06_Earningsdover 1Q06_Earnings
dover 1Q06_Earningsfinance30
 
Q1 2009 Earning Report of Smith International, Inc.
Q1 2009 Earning Report of Smith International, Inc. Q1 2009 Earning Report of Smith International, Inc.
Q1 2009 Earning Report of Smith International, Inc. earningreport earningreport
 
Expeditors International of Washington, 3rd04qer
Expeditors International of Washington, 3rd04qerExpeditors International of Washington, 3rd04qer
Expeditors International of Washington, 3rd04qerfinance39
 
tjx Annual Reports2001
tjx Annual Reports2001tjx Annual Reports2001
tjx Annual Reports2001finance14
 
danaher 04-4Q-REL
danaher 04-4Q-RELdanaher 04-4Q-REL
danaher 04-4Q-RELfinance24
 
u.s.bancorp 3Q 2006 Business Line Schedules
u.s.bancorp 3Q 2006 Business Line Schedules u.s.bancorp 3Q 2006 Business Line Schedules
u.s.bancorp 3Q 2006 Business Line Schedules finance13
 
first energy 3Q 2007
first energy 3Q 2007first energy 3Q 2007
first energy 3Q 2007finance21
 

Tendances (16)

baxter international Schedules_Q2-05
baxter international Schedules_Q2-05baxter international Schedules_Q2-05
baxter international Schedules_Q2-05
 
xel_08/16/02
xel_08/16/02xel_08/16/02
xel_08/16/02
 
baxter international Q1/06 PR
baxter international Q1/06 PRbaxter international Q1/06 PR
baxter international Q1/06 PR
 
dover Q307_10Q
dover Q307_10Qdover Q307_10Q
dover Q307_10Q
 
plains all american pipeline Annual Reports 2000
plains all american pipeline  Annual Reports 2000plains all american pipeline  Annual Reports 2000
plains all american pipeline Annual Reports 2000
 
itw10q1q04
itw10q1q04itw10q1q04
itw10q1q04
 
bnsf 3Q 2006 Investors Report
bnsf 3Q 2006 Investors Reportbnsf 3Q 2006 Investors Report
bnsf 3Q 2006 Investors Report
 
Xel_4Company_1Q 2002 10Q
Xel_4Company_1Q 2002 10QXel_4Company_1Q 2002 10Q
Xel_4Company_1Q 2002 10Q
 
dover 1Q06_Earnings
dover 1Q06_Earningsdover 1Q06_Earnings
dover 1Q06_Earnings
 
Q1 2009 Earning Report of Smith International, Inc.
Q1 2009 Earning Report of Smith International, Inc. Q1 2009 Earning Report of Smith International, Inc.
Q1 2009 Earning Report of Smith International, Inc.
 
Expeditors International of Washington, 3rd04qer
Expeditors International of Washington, 3rd04qerExpeditors International of Washington, 3rd04qer
Expeditors International of Washington, 3rd04qer
 
tjx Annual Reports2001
tjx Annual Reports2001tjx Annual Reports2001
tjx Annual Reports2001
 
danaher 04-4Q-REL
danaher 04-4Q-RELdanaher 04-4Q-REL
danaher 04-4Q-REL
 
u.s.bancorp 3Q 2006 Business Line Schedules
u.s.bancorp 3Q 2006 Business Line Schedules u.s.bancorp 3Q 2006 Business Line Schedules
u.s.bancorp 3Q 2006 Business Line Schedules
 
first energy 3Q 2007
first energy 3Q 2007first energy 3Q 2007
first energy 3Q 2007
 
itw 10qq106
itw 10qq106itw 10qq106
itw 10qq106
 

En vedette

Hegoamerika Eta Barzelonako Toki Interesgarriak
Hegoamerika Eta Barzelonako Toki InteresgarriakHegoamerika Eta Barzelonako Toki Interesgarriak
Hegoamerika Eta Barzelonako Toki Interesgarriakgueste8a786
 
3Q 06 Earnings Slides
3Q 06 Earnings Slides3Q 06 Earnings Slides
3Q 06 Earnings Slidesfinance22
 
omnicom group Q4 2007 Investor Presentation
omnicom group  Q4 2007 Investor Presentationomnicom group  Q4 2007 Investor Presentation
omnicom group Q4 2007 Investor Presentationfinance22
 
Anlatımına Göre Cümleler
Anlatımına Göre CümlelerAnlatımına Göre Cümleler
Anlatımına Göre Cümleleryardimt
 
omnicom group Q3 2004 Investor Presentation (pdf)
omnicom group  Q3 2004 Investor Presentation (pdf)omnicom group  Q3 2004 Investor Presentation (pdf)
omnicom group Q3 2004 Investor Presentation (pdf)finance22
 
Master In Digital Advertising Communication Ie Business School 11944611887140...
Master In Digital Advertising Communication Ie Business School 11944611887140...Master In Digital Advertising Communication Ie Business School 11944611887140...
Master In Digital Advertising Communication Ie Business School 11944611887140...Burhan Kadakal
 
ppg industries2003AnnualReport
ppg industries2003AnnualReportppg industries2003AnnualReport
ppg industries2003AnnualReportfinance22
 
jabil circuit Annual Report 2002
jabil circuit Annual Report 2002jabil circuit Annual Report 2002
jabil circuit Annual Report 2002finance22
 
ppg industries 4Q07EARNINGSPRESSRELEASE
ppg industries 4Q07EARNINGSPRESSRELEASEppg industries 4Q07EARNINGSPRESSRELEASE
ppg industries 4Q07EARNINGSPRESSRELEASEfinance22
 
omnicom group annual reports 2004
omnicom group annual reports 2004omnicom group annual reports 2004
omnicom group annual reports 2004finance22
 
general mills 2008 AR
general mills  2008 ARgeneral mills  2008 AR
general mills 2008 ARfinance22
 
circuit city stores 2004 Proxy Statement
circuit city stores 2004 Proxy Statementcircuit city stores 2004 Proxy Statement
circuit city stores 2004 Proxy Statementfinance22
 
omnicom group Q2 2006 Investor Presentation
omnicom group  Q2 2006 Investor Presentationomnicom group  Q2 2006 Investor Presentation
omnicom group Q2 2006 Investor Presentationfinance22
 
4Q 07 EARNINGS SLIDES
4Q 07 EARNINGS SLIDES4Q 07 EARNINGS SLIDES
4Q 07 EARNINGS SLIDESfinance22
 
Szck Anlam Test
Szck Anlam TestSzck Anlam Test
Szck Anlam Testyardimt
 
ppg industries 2Q2008EARNINGSRELEASE
ppg industries 2Q2008EARNINGSRELEASEppg industries 2Q2008EARNINGSRELEASE
ppg industries 2Q2008EARNINGSRELEASEfinance22
 

En vedette (20)

CV
CVCV
CV
 
Pres skills21stcenturybusiness
Pres skills21stcenturybusinessPres skills21stcenturybusiness
Pres skills21stcenturybusiness
 
Halkla Ilişkiler
Halkla IlişkilerHalkla Ilişkiler
Halkla Ilişkiler
 
M I Y1
M I Y1M I Y1
M I Y1
 
Hegoamerika Eta Barzelonako Toki Interesgarriak
Hegoamerika Eta Barzelonako Toki InteresgarriakHegoamerika Eta Barzelonako Toki Interesgarriak
Hegoamerika Eta Barzelonako Toki Interesgarriak
 
3Q 06 Earnings Slides
3Q 06 Earnings Slides3Q 06 Earnings Slides
3Q 06 Earnings Slides
 
omnicom group Q4 2007 Investor Presentation
omnicom group  Q4 2007 Investor Presentationomnicom group  Q4 2007 Investor Presentation
omnicom group Q4 2007 Investor Presentation
 
Anlatımına Göre Cümleler
Anlatımına Göre CümlelerAnlatımına Göre Cümleler
Anlatımına Göre Cümleler
 
omnicom group Q3 2004 Investor Presentation (pdf)
omnicom group  Q3 2004 Investor Presentation (pdf)omnicom group  Q3 2004 Investor Presentation (pdf)
omnicom group Q3 2004 Investor Presentation (pdf)
 
Master In Digital Advertising Communication Ie Business School 11944611887140...
Master In Digital Advertising Communication Ie Business School 11944611887140...Master In Digital Advertising Communication Ie Business School 11944611887140...
Master In Digital Advertising Communication Ie Business School 11944611887140...
 
ppg industries2003AnnualReport
ppg industries2003AnnualReportppg industries2003AnnualReport
ppg industries2003AnnualReport
 
jabil circuit Annual Report 2002
jabil circuit Annual Report 2002jabil circuit Annual Report 2002
jabil circuit Annual Report 2002
 
ppg industries 4Q07EARNINGSPRESSRELEASE
ppg industries 4Q07EARNINGSPRESSRELEASEppg industries 4Q07EARNINGSPRESSRELEASE
ppg industries 4Q07EARNINGSPRESSRELEASE
 
omnicom group annual reports 2004
omnicom group annual reports 2004omnicom group annual reports 2004
omnicom group annual reports 2004
 
general mills 2008 AR
general mills  2008 ARgeneral mills  2008 AR
general mills 2008 AR
 
circuit city stores 2004 Proxy Statement
circuit city stores 2004 Proxy Statementcircuit city stores 2004 Proxy Statement
circuit city stores 2004 Proxy Statement
 
omnicom group Q2 2006 Investor Presentation
omnicom group  Q2 2006 Investor Presentationomnicom group  Q2 2006 Investor Presentation
omnicom group Q2 2006 Investor Presentation
 
4Q 07 EARNINGS SLIDES
4Q 07 EARNINGS SLIDES4Q 07 EARNINGS SLIDES
4Q 07 EARNINGS SLIDES
 
Szck Anlam Test
Szck Anlam TestSzck Anlam Test
Szck Anlam Test
 
ppg industries 2Q2008EARNINGSRELEASE
ppg industries 2Q2008EARNINGSRELEASEppg industries 2Q2008EARNINGSRELEASE
ppg industries 2Q2008EARNINGSRELEASE
 

Similaire à ppg industries 2QEARNINGSTABLES

vppg industries 2Q2008EARNINGSTABLESPDF
vppg industries 2Q2008EARNINGSTABLESPDFvppg industries 2Q2008EARNINGSTABLESPDF
vppg industries 2Q2008EARNINGSTABLESPDFfinance22
 
ppg industries 1Q08EARNINGSPRESSRELEASETABLES
ppg industries 1Q08EARNINGSPRESSRELEASETABLESppg industries 1Q08EARNINGSPRESSRELEASETABLES
ppg industries 1Q08EARNINGSPRESSRELEASETABLESfinance22
 
bnsf 2Q 2007 Investors Report
bnsf 2Q 2007 Investors Reportbnsf 2Q 2007 Investors Report
bnsf 2Q 2007 Investors Reportfinance16
 
baxter international Q107PRSchedules
baxter international Q107PRSchedulesbaxter international Q107PRSchedules
baxter international Q107PRSchedulesfinance24
 
u.s.bancorp2Q 2007 Business Line Schedules
u.s.bancorp2Q 2007 Business Line Schedules  u.s.bancorp2Q 2007 Business Line Schedules
u.s.bancorp2Q 2007 Business Line Schedules finance13
 
conoco phillips 2007Fourth Quarter
conoco phillips 2007Fourth Quarterconoco phillips 2007Fourth Quarter
conoco phillips 2007Fourth Quarterfinance1
 
Q1 2007 Earnings Release Financial Tables
 	Q1 2007 Earnings Release Financial Tables 	Q1 2007 Earnings Release Financial Tables
Q1 2007 Earnings Release Financial Tablesfinance7
 
conoco phillips 2007First Quarter
conoco phillips 2007First Quarterconoco phillips 2007First Quarter
conoco phillips 2007First Quarterfinance1
 
Big_Lots_AR2003FSO
Big_Lots_AR2003FSOBig_Lots_AR2003FSO
Big_Lots_AR2003FSOfinance50
 
Maxim 2Q FISCAL 2009 RESULTS
Maxim 2Q FISCAL 2009 RESULTSMaxim 2Q FISCAL 2009 RESULTS
Maxim 2Q FISCAL 2009 RESULTSearningsreport
 
u.s.bancorp3Q 2007 Business Line Schedules
u.s.bancorp3Q 2007 Business Line Schedules u.s.bancorp3Q 2007 Business Line Schedules
u.s.bancorp3Q 2007 Business Line Schedules finance13
 
advanced micro devices Q308Financials
advanced micro devices Q308Financialsadvanced micro devices Q308Financials
advanced micro devices Q308Financialsfinance34
 
state street corp stt_finrev02
state street corp stt_finrev02state street corp stt_finrev02
state street corp stt_finrev02finance23
 
state street corp stt_finrev02
state street corp stt_finrev02state street corp stt_finrev02
state street corp stt_finrev02finance23
 
advanced micro devices Q208Financials
advanced micro devices Q208Financialsadvanced micro devices Q208Financials
advanced micro devices Q208Financialsfinance34
 
conoco phillips 2007Third Quarter
conoco phillips 2007Third Quarterconoco phillips 2007Third Quarter
conoco phillips 2007Third Quarterfinance1
 
emerson electricl Proxy Statement for 2009 Annual Shareholders Meeting
emerson electricl Proxy Statement for 2009 Annual Shareholders Meeting  emerson electricl Proxy Statement for 2009 Annual Shareholders Meeting
emerson electricl Proxy Statement for 2009 Annual Shareholders Meeting finance12
 
yrc worldwide2Q08_Release
yrc worldwide2Q08_Releaseyrc worldwide2Q08_Release
yrc worldwide2Q08_Releasefinance41
 

Similaire à ppg industries 2QEARNINGSTABLES (20)

vppg industries 2Q2008EARNINGSTABLESPDF
vppg industries 2Q2008EARNINGSTABLESPDFvppg industries 2Q2008EARNINGSTABLESPDF
vppg industries 2Q2008EARNINGSTABLESPDF
 
ppg industries 1Q08EARNINGSPRESSRELEASETABLES
ppg industries 1Q08EARNINGSPRESSRELEASETABLESppg industries 1Q08EARNINGSPRESSRELEASETABLES
ppg industries 1Q08EARNINGSPRESSRELEASETABLES
 
bnsf 2Q 2007 Investors Report
bnsf 2Q 2007 Investors Reportbnsf 2Q 2007 Investors Report
bnsf 2Q 2007 Investors Report
 
baxter international Q107PRSchedules
baxter international Q107PRSchedulesbaxter international Q107PRSchedules
baxter international Q107PRSchedules
 
u.s.bancorp2Q 2007 Business Line Schedules
u.s.bancorp2Q 2007 Business Line Schedules  u.s.bancorp2Q 2007 Business Line Schedules
u.s.bancorp2Q 2007 Business Line Schedules
 
conoco phillips 2007Fourth Quarter
conoco phillips 2007Fourth Quarterconoco phillips 2007Fourth Quarter
conoco phillips 2007Fourth Quarter
 
Q1 2007 Earnings Release Financial Tables
 	Q1 2007 Earnings Release Financial Tables 	Q1 2007 Earnings Release Financial Tables
Q1 2007 Earnings Release Financial Tables
 
conoco phillips 2007First Quarter
conoco phillips 2007First Quarterconoco phillips 2007First Quarter
conoco phillips 2007First Quarter
 
Big_Lots_AR2003FSO
Big_Lots_AR2003FSOBig_Lots_AR2003FSO
Big_Lots_AR2003FSO
 
Maxim 2Q FISCAL 2009 RESULTS
Maxim 2Q FISCAL 2009 RESULTSMaxim 2Q FISCAL 2009 RESULTS
Maxim 2Q FISCAL 2009 RESULTS
 
u.s.bancorp3Q 2007 Business Line Schedules
u.s.bancorp3Q 2007 Business Line Schedules u.s.bancorp3Q 2007 Business Line Schedules
u.s.bancorp3Q 2007 Business Line Schedules
 
advanced micro devices Q308Financials
advanced micro devices Q308Financialsadvanced micro devices Q308Financials
advanced micro devices Q308Financials
 
Q1 2009 Financial Report of Crane Co.
Q1 2009 Financial Report of Crane Co.Q1 2009 Financial Report of Crane Co.
Q1 2009 Financial Report of Crane Co.
 
Q1 2009 Financial Report of Crane Co.
Q1 2009 Financial Report of Crane Co.Q1 2009 Financial Report of Crane Co.
Q1 2009 Financial Report of Crane Co.
 
state street corp stt_finrev02
state street corp stt_finrev02state street corp stt_finrev02
state street corp stt_finrev02
 
state street corp stt_finrev02
state street corp stt_finrev02state street corp stt_finrev02
state street corp stt_finrev02
 
advanced micro devices Q208Financials
advanced micro devices Q208Financialsadvanced micro devices Q208Financials
advanced micro devices Q208Financials
 
conoco phillips 2007Third Quarter
conoco phillips 2007Third Quarterconoco phillips 2007Third Quarter
conoco phillips 2007Third Quarter
 
emerson electricl Proxy Statement for 2009 Annual Shareholders Meeting
emerson electricl Proxy Statement for 2009 Annual Shareholders Meeting  emerson electricl Proxy Statement for 2009 Annual Shareholders Meeting
emerson electricl Proxy Statement for 2009 Annual Shareholders Meeting
 
yrc worldwide2Q08_Release
yrc worldwide2Q08_Releaseyrc worldwide2Q08_Release
yrc worldwide2Q08_Release
 

Plus de finance22

jabil circuit Annual Report 1999
jabil circuit Annual Report 1999jabil circuit Annual Report 1999
jabil circuit Annual Report 1999finance22
 
jabil circuit Annual Report 2000
jabil circuit Annual Report 2000jabil circuit Annual Report 2000
jabil circuit Annual Report 2000finance22
 
jabil circuit Annual Report 2001
jabil circuit Annual Report 2001jabil circuit Annual Report 2001
jabil circuit Annual Report 2001finance22
 
jabil circuit Annual Report 2003
jabil circuit Annual Report 2003jabil circuit Annual Report 2003
jabil circuit Annual Report 2003finance22
 
jabil circuit Annual Report 2004
jabil circuit Annual Report 2004jabil circuit Annual Report 2004
jabil circuit Annual Report 2004finance22
 
jabil circuit Annual Report 2005
jabil circuit Annual Report 2005jabil circuit Annual Report 2005
jabil circuit Annual Report 2005finance22
 
jabil circuit Annual Report 2006
jabil circuit Annual Report 2006jabil circuit Annual Report 2006
jabil circuit Annual Report 2006finance22
 
jabil circuit Annual Report 2007
jabil circuit Annual Report 2007jabil circuit Annual Report 2007
jabil circuit Annual Report 2007finance22
 
1Q06EarningsSlides
1Q06EarningsSlides1Q06EarningsSlides
1Q06EarningsSlidesfinance22
 
1Q06Transcriptprerecordcoments
1Q06Transcriptprerecordcoments1Q06Transcriptprerecordcoments
1Q06Transcriptprerecordcomentsfinance22
 
2Q06EarningsSlides
2Q06EarningsSlides2Q06EarningsSlides
2Q06EarningsSlidesfinance22
 
2Q 06 transcriptpre recordcoments
2Q 06 transcriptpre recordcoments2Q 06 transcriptpre recordcoments
2Q 06 transcriptpre recordcomentsfinance22
 
3Q 06Transcriptp rerecordcoments
3Q 06Transcriptp rerecordcoments3Q 06Transcriptp rerecordcoments
3Q 06Transcriptp rerecordcomentsfinance22
 
4Q 06Earnings Slides
4Q 06Earnings Slides4Q 06Earnings Slides
4Q 06Earnings Slidesfinance22
 
4Q 06 Ttranscriptprerecordcoments
4Q 06 Ttranscriptprerecordcoments4Q 06 Ttranscriptprerecordcoments
4Q 06 Ttranscriptprerecordcomentsfinance22
 
1Q07 EARNINGS Slides
1Q07 EARNINGS Slides1Q07 EARNINGS Slides
1Q07 EARNINGS Slidesfinance22
 
1Q 07 RECORDED COMMENTS041907
1Q 07 RECORDED COMMENTS0419071Q 07 RECORDED COMMENTS041907
1Q 07 RECORDED COMMENTS041907finance22
 
2Q2007 EARNINGS SLIDES
2Q2007 EARNINGS SLIDES2Q2007 EARNINGS SLIDES
2Q2007 EARNINGS SLIDESfinance22
 
2Q 2007 EARNINGS TRANSCRIPT
2Q 2007 EARNINGS TRANSCRIPT2Q 2007 EARNINGS TRANSCRIPT
2Q 2007 EARNINGS TRANSCRIPTfinance22
 
3Q 2007 EARNINGS TRANSCRIPT
3Q 2007 EARNINGS TRANSCRIPT3Q 2007 EARNINGS TRANSCRIPT
3Q 2007 EARNINGS TRANSCRIPTfinance22
 

Plus de finance22 (20)

jabil circuit Annual Report 1999
jabil circuit Annual Report 1999jabil circuit Annual Report 1999
jabil circuit Annual Report 1999
 
jabil circuit Annual Report 2000
jabil circuit Annual Report 2000jabil circuit Annual Report 2000
jabil circuit Annual Report 2000
 
jabil circuit Annual Report 2001
jabil circuit Annual Report 2001jabil circuit Annual Report 2001
jabil circuit Annual Report 2001
 
jabil circuit Annual Report 2003
jabil circuit Annual Report 2003jabil circuit Annual Report 2003
jabil circuit Annual Report 2003
 
jabil circuit Annual Report 2004
jabil circuit Annual Report 2004jabil circuit Annual Report 2004
jabil circuit Annual Report 2004
 
jabil circuit Annual Report 2005
jabil circuit Annual Report 2005jabil circuit Annual Report 2005
jabil circuit Annual Report 2005
 
jabil circuit Annual Report 2006
jabil circuit Annual Report 2006jabil circuit Annual Report 2006
jabil circuit Annual Report 2006
 
jabil circuit Annual Report 2007
jabil circuit Annual Report 2007jabil circuit Annual Report 2007
jabil circuit Annual Report 2007
 
1Q06EarningsSlides
1Q06EarningsSlides1Q06EarningsSlides
1Q06EarningsSlides
 
1Q06Transcriptprerecordcoments
1Q06Transcriptprerecordcoments1Q06Transcriptprerecordcoments
1Q06Transcriptprerecordcoments
 
2Q06EarningsSlides
2Q06EarningsSlides2Q06EarningsSlides
2Q06EarningsSlides
 
2Q 06 transcriptpre recordcoments
2Q 06 transcriptpre recordcoments2Q 06 transcriptpre recordcoments
2Q 06 transcriptpre recordcoments
 
3Q 06Transcriptp rerecordcoments
3Q 06Transcriptp rerecordcoments3Q 06Transcriptp rerecordcoments
3Q 06Transcriptp rerecordcoments
 
4Q 06Earnings Slides
4Q 06Earnings Slides4Q 06Earnings Slides
4Q 06Earnings Slides
 
4Q 06 Ttranscriptprerecordcoments
4Q 06 Ttranscriptprerecordcoments4Q 06 Ttranscriptprerecordcoments
4Q 06 Ttranscriptprerecordcoments
 
1Q07 EARNINGS Slides
1Q07 EARNINGS Slides1Q07 EARNINGS Slides
1Q07 EARNINGS Slides
 
1Q 07 RECORDED COMMENTS041907
1Q 07 RECORDED COMMENTS0419071Q 07 RECORDED COMMENTS041907
1Q 07 RECORDED COMMENTS041907
 
2Q2007 EARNINGS SLIDES
2Q2007 EARNINGS SLIDES2Q2007 EARNINGS SLIDES
2Q2007 EARNINGS SLIDES
 
2Q 2007 EARNINGS TRANSCRIPT
2Q 2007 EARNINGS TRANSCRIPT2Q 2007 EARNINGS TRANSCRIPT
2Q 2007 EARNINGS TRANSCRIPT
 
3Q 2007 EARNINGS TRANSCRIPT
3Q 2007 EARNINGS TRANSCRIPT3Q 2007 EARNINGS TRANSCRIPT
3Q 2007 EARNINGS TRANSCRIPT
 

Dernier

Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismBrian Lin
 
CSR01P4 The foundations of CSR Part 4 Economic
CSR01P4 The foundations of CSR Part 4 EconomicCSR01P4 The foundations of CSR Part 4 Economic
CSR01P4 The foundations of CSR Part 4 EconomicMatthieu Bruckert
 
CLUB DEAL - DECK INVESTOR
CLUB DEAL - DECK INVESTORCLUB DEAL - DECK INVESTOR
CLUB DEAL - DECK INVESTORhnaour
 
2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation2024.03 Strategic Resources Presentation
2024.03 Strategic Resources PresentationAdnet Communications
 
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.KumarJayaraman3
 
Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxPrecize Formely Leadoff
 
Shrambal_Distributors_Newsletter_Mar_2024.pdf
Shrambal_Distributors_Newsletter_Mar_2024.pdfShrambal_Distributors_Newsletter_Mar_2024.pdf
Shrambal_Distributors_Newsletter_Mar_2024.pdfvikashdidwania1
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.Arifa Saeed
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoCoinGecko
 
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an EntrepreneurIntroduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an Entrepreneurabcisahunter
 
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESKumarJayaraman3
 
Stock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfStock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfMichael Silva
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent PreferencesGRAPE
 
The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?Stephen Perrenod
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfMichael Silva
 
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxSlideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxOffice for National Statistics
 
Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Guillaume Ⓥ Sarlat
 
Stock Market Brief Deck for March 19 2024.pdf
Stock Market Brief Deck for March 19 2024.pdfStock Market Brief Deck for March 19 2024.pdf
Stock Market Brief Deck for March 19 2024.pdfMichael Silva
 

Dernier (20)

Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
 
CSR01P4 The foundations of CSR Part 4 Economic
CSR01P4 The foundations of CSR Part 4 EconomicCSR01P4 The foundations of CSR Part 4 Economic
CSR01P4 The foundations of CSR Part 4 Economic
 
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
 
CLUB DEAL - DECK INVESTOR
CLUB DEAL - DECK INVESTORCLUB DEAL - DECK INVESTOR
CLUB DEAL - DECK INVESTOR
 
2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation
 
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
 
Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptx
 
Shrambal_Distributors_Newsletter_Mar_2024.pdf
Shrambal_Distributors_Newsletter_Mar_2024.pdfShrambal_Distributors_Newsletter_Mar_2024.pdf
Shrambal_Distributors_Newsletter_Mar_2024.pdf
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
 
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an EntrepreneurIntroduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
 
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
 
Stock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfStock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdf
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent Preferences
 
The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdf
 
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxSlideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
 
Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024
 
Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024
 
Stock Market Brief Deck for March 19 2024.pdf
Stock Market Brief Deck for March 19 2024.pdfStock Market Brief Deck for March 19 2024.pdf
Stock Market Brief Deck for March 19 2024.pdf
 

ppg industries 2QEARNINGSTABLES

  • 1. PPG INDUSTRIES AND CONSOLIDATED SUBSIDIARIES CONDENSED STATEMENT OF OPERATIONS (unaudited) (All amounts in millions except per-share data) 3 Months Ended 6 Months Ended June 30 June 30 2007 2006 2007 2006 Net sales $ 3,173 $2,824 $ 6,090 $5,462 Cost of sales, exclusive of depreciation and amortization 2,017 1,747 3,902 3,438 Selling and other 653 573 1,275 1,108 Depreciation 90 84 177 166 Interest 23 21 45 41 Amortization 15 10 29 19 Asbestos settlement - net 8 8 17 17 Business restructuring - 2 - 37 Other - net (Note A) (29) (26) (31) (38) INCOME BEFORE INCOME TAXES AND MINORITY INTEREST 396 405 676 674 Income tax expense (Note B) 124 107 192 173 Minority interest 23 18 41 37 NET INCOME (Note C) $ 249 $ 280 $ 443 $ 464 Earnings per common share $ 1.51 $ 1.69 $ 2.69 $ 2.80 Earnings per common share - assuming dilution $ 1.50 $ 1.68 $ 2.67 $ 2.79 Average shares outstanding 164.8 165.9 164.7 165.9 Average shares outstanding - assuming dilution 166.4 166.9 166.1 166.7 Note A: The three and six months ended June 30, 2006 includes pretax earnings of $20 million for net legal and insurance matters. Note B: Income tax expense for the three and six months ended June 30, 2006 includes the favorable impact of a settlement with the IRS of our 2001 - 2003 tax returns totaling $22 million or $0.13 per share. Note C: The three and six months ended June 30, 2006 includes aftertax earnings of $12 million for net legal and insurance matters.
  • 2. BALANCE SHEET HIGHLIGHTS (unaudited) June 30 June 30 2007 2006 (millions) Current assets: Cash and cash equivalents $ 197 $ 419 Receivables - net 2,583 2,248 Inventories 1,480 1,273 Other 691 577 Total current assets 4,951 4,517 Current liabilities: Short-term debt and current portion of long-term debt $ 216 $ 139 Asbestos settlement 601 560 Accounts payable and accrued liabilities 2,145 1,939 Total current liabilities 2,962 2,638 Long-term debt 1,151 1,196
  • 3. BUSINESS SEGMENT INFORMATION (unaudited) 3 Months Ended 6 Months Ended June 30 June 30 2007 2006 2007 2006 (millions) Net sales Performance and Applied Coatings $ 974 $ 774 $ 1,829 $ 1,452 Industrial Coatings 943 811 1,812 1,579 Optical and Specialty Materials 296 262 576 494 Commodity Chemicals 380 372 751 773 Glass 580 605 1,122 1,164 TOTAL $ 3,173 $ 2,824 $ 6,090 $ 5,462 Segment income Performance and Applied Coatings $ 159 $ 145 $ 280 $ 250 Industrial Coatings 109 104 204 195 Optical and Specialty Materials 71 61 138 117 Commodity Chemicals 57 86 101 173 Glass 50 53 70 88 TOTAL 446 449 793 823 Legacy costs (Note A) (6) 11 (11) (1) Asbestos settlement - net (8) (8) (17) (17) Interest - net (20) (18) (39) (35) Restructuring - (2) - (37) Unallocated stock based compensation (Note B) (9) (10) (18) (18) Other unallocated corporate expenses (7) (17) (32) (41) INCOME BEFORE INCOME TAXES AND MINORITY INTEREST $ 396 $ 405 $ 676 $ 674 Note A: Legacy costs include current costs related to former operations of the Company, including certain environmental remediation, pension and other postretirement benefit costs and certain charges which are considered to be unusual or non-recurring. In the second quarter of 2006, these costs included pretax income of $28 million for an insurance recovery. Note B: Unallocated stock based compensation includes the cost of stock options, restricted stock units and contingent share grants which are not allocated to the operating segments.