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OCT , 1 ; , 200 ; 12 : 33PV ' LAYNE PENSACOLA" ' NO. 952 P .
<br /> '' LeyRa Chri'gregson Company and Subs;diarias
<br /> SELECTED FINANCIAL DATA
<br /> .r.M. ...w_ ...__.
<br /> Tho fbnawing selected historical financial jnfotmat= as of
<br /> and " Ma- —.. 1...� -
<br /> for GIRCh of the five flacai ( SFAS 1 142 a4d recorded a nonoesh charge cf
<br /> years ended 31 , 2003, has ( 814142910000 n6t of
<br /> M"Kr as been derived from rhe Campany'e audited Coneadnted a cu> nulatl re effect of a chsage
<br /> in
<br /> accounting ptinci;?!e (see Note 3 of the Notes to
<br /> leted various Consolidated
<br /> Financial SmTements. The Company comp
<br /> Financial statements). The Company also sold rwo operatjQg
<br /> acquisitions 1n Qach of the fiscal years, except 2001 , which �• companies during ZOQ3 and c
<br /> ere more fully described in Note 2 of the Notts to Com kwifted dWr tesalts as dleoon.
<br /> 1 Financial Stareunents or in Previous ol'd� tinued operappns for all• yew presented (see Note 4 of the
<br /> A Annual Reports. The � Notes to C�lidated g
<br /> acquisdons have been accour;ted for under t) le pwchaeauneW SIMMIn tats) . The infi>itnarion
<br /> I below should be read in conjunct,= wtc2l ernant's
<br /> method of accounting and, accordingly, the COMPanv's oonsol- j Discussion and
<br /> 1 'dated resnl� include the effects of the ac �� of �ano� Co�� and Resahs of
<br /> quisitiotu from the ! zed
<br /> date of each acquisition, During fiseel year 2003, the Operations and the Cot�sofidafaAc'sl Statemente and
<br /> adoptod StaTament of Financial Accounting Sumclardss y Nores thereto included elsewhere is thW Annual Repast.
<br /> INCOME --.... ....._.r.� ...._ r....rr _..r_. ..
<br /> ' STATEMENT DATA
<br /> pq inovaaeyt, an•Capr per share dairy
<br /> 1 F)9CAl_ YEARS END [ p JANLlgRY
<br /> Revenues 37 . 2003 2002 2001 2000
<br /> CoIIIIat of revenues (94lusive of depreciation shown below) $280'922 3289,858cIIIIIIIIII Mae lase
<br /> Groom prof(t 191 ,693 208,112 ' $z�•966 5265,893 $271 f{B8
<br /> 1
<br /> Selling, 219.800 185,624 194,648
<br /> B. genera ( and admip�t►ative expenses 5 624 80,848 5 70,268 98,541
<br /> Depreciation and amortization 56,87
<br /> Other Income (expenep): 14,565 17,966 Equity 50,160 47,431
<br /> Equity In earnings (losses} of affiliates 2Z70822,096
<br /> 1 Interest 842 825
<br /> Ohe893
<br /> tf net (2480) (34341 (g�) (27) Mae
<br /> rncorne (loss) from continuing operations before income taxes 2,069 224 7 (4818) (4,887)
<br /> I1lc0me tax expense (benefit) 8,76111 IN (�! 609
<br /> Minority interest, net of taxes 4,228 (8,036! (7511 ) arm
<br /> 1IIIIIII 5,17) 2A98 2
<br /> Net income (toss) from continuing operations before discontinued 11111111111 11111111 11111111 111111111 1111111111111 ...1111 (18y)
<br /> (70) 118 (�) 2.615
<br /> operations, extraordinary item and cumulative affect of {265) (79}
<br /> accounr)ng change ,
<br /> Income floes) from discontinued operations, not of taxes 2.832 11660 (6, 158)
<br /> 1 LIIIoss on agile of discontinued operations, not of taxes (1 '178) (682) — (7,717) • 1 ,264
<br /> Net income (loss) before extraordinary item and cumulative efPact ( ! Ion 62 (�)
<br /> of accounting change —
<br /> traordfnary Ioea on early ext;nguiahmant of deb;, net of taxes 11630 1A7e '
<br /> C�mulativa effect of aceountin change, (�) n' ) 1.207
<br /> 1 Net income (loss) g 9 net of taxes (14429) _ Ion
<br /> —
<br /> Bask earningsliiiiiiii
<br /> floes) per share 3113,495) $ 1 ,078 S (5,828) (7,ea.51 S
<br /> Diluted earnings (loss) per share $ 1 14) S 0.08 S 1,2010,60) S Q
<br /> 0. 10
<br /> BALANCE SHEET DATA
<br /> tin Mousands)
<br /> AT JANUARY 31 ,
<br /> Working capital, excluding debt 2003 2002
<br /> Total assets ✓6 ,e1� 2001 2000 1968
<br /> Total debt 5.664 3 $0,681 $ 48.16 S 46,211
<br /> ITotal stockholders' equity 376 233,868 245,335 261 ,503
<br /> 83,373 86,892b500 639500
<br /> 1131270
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