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This excerpt taken from the MRO 10-Q filed Nov 4, 2005. Selling, general and
administrative expenses for the third quarter and the
first nine months of 2005 increased by $64 million and $90 million from the
comparable prior-year periods. The
increase in the third quarter of 2005 was primarily due to increased
stock-based compensation expense, employee benefit expenses and other employee
related costs as well as contributions to hurricane relief efforts. The increase in the first nine months of 2005
was primarily a result of increased stock-based compensation expense partially
offset by prior year severance and pension plan curtailment charges and
start-up costs related to EGHoldings.
This excerpt taken from the MRO 10-Q filed Aug 8, 2005. Selling, general and
administrative expenses for the second quarter and the
first six months of 2005 decreased by $12 million and increased by $26 million
from the comparable prior-year periods. The decrease in the second quarter of 2005 was
primarily due to prior year severance and pension plan curtailment charges and
start-up costs related to the Equatorial Guinea LNG joint venture, partially
offset by increased stock-based compensation expense. The increase in the first six months of 2005
was primarily a result of increased stock-based compensation expense.
This excerpt taken from the MRO 10-Q filed May 9, 2005. Selling,
general and administrative expenses for the first quarter of 2005
increased by $38 million primarily as a result of increased stock-based
compensation expense.
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