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.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
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
03/20161.720.59541.41
12/20151.780.56543.10
09/20158.210.5658.41

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.20Total Liab/Total Assets0.98
Net Inc/Total Assets0.03Total Liab/Inv Cap0.98
Net Inc/Inv Cap0.03Total Liab/Comm Equity5.97
Pretax Inc/Net Sales0.20Interest Coverage Ratio2.40
Net Inc/Net Sales0.22Curr Debt/EquityNA
Cash Flow/Net Sales0.50LTD/Equity45.17
SG&A/NetSales0.21Total Debt/Equity45.17
Asset Utilization   Liquidity  
Net Receivables Turnover10.27Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E0.20  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 154.68 149.08 166.19 148.02
Cost of Goods Sold 40.11 40.29 47.61 40.32
Selling & Admin Exps 36.51 33.57 37.42 30.17
Operating Income 38.19 35.62 43.13 36.89
Interest Exp 26.75 25.55 24.44 22.13
Pretax Income 14.52 12.85 32.90 19.33
Other Income 3.07 2.78 14.21 4.57
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 19.84 23.53 35.60 25.07

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 50.23 63.54 41.54 60.71
Receivables - Total 63.59 64.89 62.28 54.44
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 3,092.60 3,052.20 3,026.56 2,978.34
Total Assets 4,061.74 4,044.86 4,010.91 4,011.16
Liabilities        
Accounts Payable 822.25 832.29 817.40 852.23
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 3,351.21 3,287.97 3,255.51 3,203.70
Total Liabilities 4,014.04 3,972.21 3,930.13 3,917.83
Stockholder's Equity        
Minority Interest -159.43 -148.04 -142.78 -138.09
Preferred Stock 0.03 0.03 0.03 0.03
Common Stock 0.61 0.61 0.60 0.60
Retained Earnings -595.26 -570.54 -549.91 -543.14
Treasury Stock NA NA NA NA
Total Stockholders' Equity 38.55 63.67 72.08 84.90
Total Liabilities and Stockholders' Equity 4,052.59 4,035.89 4,002.21 4,002.73

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 62.39 78.79 63.10 82.21
Net Cash Provided by Investing Activities -70.51 -34.89 -74.22 -210.93
Net Cash Provided by Financing Activities -0.74 -33.38 -7.98 104.51

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012747.97106.171.37
12/2013767.15132.591.71
12/2014679.13893.0113.47
12/2015557.17134.131.78
12/2016612.56132.611.77
Growth Rates-4.875.726.61

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1726461,780--




Report Date : 10/16/2017

Powered By Edgar Online © 2017EDGAR®Online, a division of Donnelley Financial Solutions. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.