Company Information

  

Address: 200 E LONG LAKE RD
SUITE 300 
City: BLOOMFIELD HILLS 
State: MI 
Zip Code: 48304-2324 
Telephone: 248-258-6800 

Description of Business

Primary SIC Code: 6798
(As filed with the SEC)  

The following discussion of our business contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent our expectations or beliefs concerning future events and performance. We caution that although forward-looking statements reflect our good faith beliefs and reasonable judgment based upon current information, these statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements, including those risks, uncertainties, and factors detailed from time to time in reports filed with the Securities and Exchange Commission (SEC), and in particular those set forth under "Risk Factors" in this Annual Report on Form 10-K. The forward-looking statements included in this report are made as of the date hereof or the date specified herein.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20180.930.65561.19
12/20170.910.62571.90
09/20171.070.62546.45
06/20171.290.62546.16
03/20171.650.62540.01
12/20161.770.59541.77
09/20161.730.59543.01
06/20161.920.59538.65

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.12Total Liab/Total Assets0.99
Net Inc/Total Assets0.02Total Liab/Inv Cap0.99
Net Inc/Inv Cap0.02Total Liab/Comm Equity6.19
Pretax Inc/Net Sales0.07Interest Coverage Ratio1.42
Net Inc/Net Sales0.13Curr Debt/EquityNA
Cash Flow/Net Sales0.44LTD/Equity159.86
SG&A/NetSales0.24Total Debt/Equity159.86
Asset Utilization   Liquidity  
Net Receivables Turnover8.85Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E0.20  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 161.49 172.18 153.22 154.68
Cost of Goods Sold 37.94 45.97 42.88 40.11
Selling & Admin Exps 35.86 41.03 36.92 36.51
Operating Income 53.02 30.56 25.87 38.19
Interest Exp 30.82 28.50 27.78 26.75
Pretax Income 15.05 17.54 0.58 14.52
Other Income -7.14 15.48 2.49 3.07
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 24.97 26.61 10.72 19.84

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 180.87 45.24 41.46 50.23
Receivables - Total 76.15 79.93 71.32 63.59
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 3,215.18 3,184.13 3,138.48 3,092.60
Total Assets 4,246.00 4,214.59 4,107.96 4,061.74
Liabilities        
Accounts Payable 768.23 801.89 818.43 822.25
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 3,640.13 3,555.23 3,438.31 3,351.21
Total Liabilities 4,231.58 4,184.85 4,084.36 4,014.04
Stockholder's Equity        
Minority Interest -176.78 -172.27 -172.38 -159.43
Preferred Stock 0.03 0.03 0.03 0.03
Common Stock 0.61 0.61 0.61 0.61
Retained Earnings -667.60 -646.81 -628.97 -595.26
Treasury Stock NA NA NA NA
Total Stockholders' Equity 6.92 22.24 14.45 38.55
Total Liabilities and Stockholders' Equity 4,238.50 4,207.09 4,098.81 4,052.59

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 50.61 79.58 59.10 32.94
Net Cash Provided by Investing Activities -52.14 -132.20 -86.08 -52.65
Net Cash Provided by Financing Activities 18.01 57.33 22.52 -0.74

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013767.15132.591.71
12/2014679.13893.0113.47
12/2015557.17134.131.78
12/2016612.56132.611.77
12/2017629.1680.700.91
Growth Rates-4.84-11.67-14.59

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1828666,322--




Report Date : 7/16/2018

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