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Footnotes To 2001 InformationWeek 500




Notes:

14. Sears, Roebuck & Co. Excluding the effect of noncomparable items, earnings per share increased 14% over 1999.

25. Gevity HR. Net income was $604,000.

41. LandAmerica Financial Group Inc. The $80 million loss includes a one-time after-tax adjustment of $114 million to goodwill.

46. Reliant Resources. Formerly known as Reliant Energy Co. until IPO in May 2001.

51. IMC Global. The net loss shown is a result of IMC discontinuing operations of two business units and a result of write-offs associated with them ($429 million). Net earnings were $84.3 before write-offs were taken.

57. Marriott International. Marriott International does not use the term "revenue." Instead, it uses "systemwide sales."

106. Carlson Companies. Carlson Companies' sales figures for 2000 have been adjusted for foreign currency fluctuations, which gives them the appearance of being even with 1999, though they actually reflect a 7% increase.

111. Texas Health Resources. Though a portion of Texas Health Resources' IT budget is covered by revenue generated by the provision of services, the majority of its funds come from the members of the delivery system in the form of allocations.

136. Pfizer. The growth decline is primarily due to one-time costs associated with the Warner-Lambert acquisition (totaling $3.6 billion per the annual report).

146. Ryder System. The 78.8% reduction in earnings from 1999 to 2000 may be misleading because the 1999 figure ($419 million) included one-time proceeds of nearly $340 million from the sale of the public transportation (school-bus services) business.

152. Lanier Worldwide. Lanier is now a wholly owned subsidiary of Ricoh and current/future financials will be reported as a member of the Ricoh family.

165. Supervalu Inc. Net income change from last year is as large as it is due to identified write-offs.

300. Express Scripts Inc. Includes noncash, nonrecurring charges totaling $102,163,000. Excluding these amounts, net income would have been $111,289,000, and net income change over last year, excluding last year's noncash, nonrecurring items, would have been 97.4%.

304. Tricon Global Restaurants. Through fiscal year ending December 2000, Tricon Global Restaurants reported ongoing operating EPS of 16%, which excludes the impact of facilities actions net gain, unusual items, and 1999 accounting changes. Tricon Global Restaurants reported revenue of 2% excluding refranchising, or the sale of company restaurants to franchisees, and joint venture formation.

313. Landstar. The decrease in net income in 2000 was related to nonrecurring charges that reduced net income by $3.165 million. Without those charges, net income was $48.359, a 5.3% increase.

357. Ace Hardware. The reason for sales and net income decrease was the result of Ace Hardware selling its LBM business during the second half of 1999. Its basic business showed an increase.

373. Lyondell Chemical. The large difference in net income is a result of several mergers, acquisitions, and debt retirement associated with those transactions.

396. Payless ShoeSource Inc. Net earnings would be $120.6 million including nonrecurring and extraordinary charges.

412. UBS PaineWebber. PaineWebber merged with UBS in November 2000. As a result, earnings for PaineWebber were not reported for the fourth quarter or full year of 2000. UBS PainWebber's revenue is now included in UBS's.

420. Imation. Imation incurred one-time charges for restructuring and a capitalized software write-off last year that totaled $31.9 million pre-tax.

430. Lane Hospitality. Lane Hospitality had a net income of $15,000.

451. Newport News Shipbuilding. 1999 results include a $25 million gain associated with merger breakup fees. Absent these fees, 2000 net income increased 9.8% over 1999 results.

467. GlaxoSmithKline. Numbers relate to "business performance" and "other" on GlaxoSmithKline's annual report. Growth rates are at actual rates of exchange; at constant rates of exchange, the growth rates are as follows: sales 9%; net income, 13%.

471. Quantum. Net income change is 36.3% excluding the purchased, in-process research and development ($37 million) and a special charge ($40 million) incurred in fiscal year 2000.


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