UVV » Topics » NOTE 7. COMPREHENSIVE INCOME

This excerpt taken from the UVV 10-Q filed Feb 6, 2009.

NOTE 7. COMPREHENSIVE INCOME

Comprehensive income for each period presented in the consolidated statements of income and retained earnings was as follows:

 

     Three Months Ended
December 31,
    Nine Months Ended
December 31,
 

(in thousands of dollars - all amounts net of income taxes)

   2008     2007     2008     2007  

From continuing operations:

        

Income from continuing operations

   $ 53,084     $ 50,752     $ 115,977     $ 109,403  

Foreign currency translation adjustment

     (3,176 )     3,508       (13,223 )     10,304  

Foreign currency hedge adjustment

     (16,143 )     (1,355 )     (21,557 )     (849 )
                                

Comprehensive income from continuing operations

     33,765       52,905       81,197       118,858  
                                

From discontinued operations:

        

Loss from discontinued operations

     —         —         —         (145 )
                                

Comprehensive loss from discontinued operations

     —         —         —         (145 )
                                

Total comprehensive income

   $ 33,765     $ 52,905     $ 81,197     $ 118,713  
                                

 

15


Table of Contents
This excerpt taken from the UVV 10-Q filed Nov 6, 2008.

NOTE 7. COMPREHENSIVE INCOME

Comprehensive income for each period presented in the consolidated statements of income and retained earnings was as follows:

 

     Three Months Ended
September 30,
    Six Months Ended
September 30,
 

(in thousands of dollars—all amounts net of income taxes)

   2008     2007     2008     2007  

From continuing operations:

        

Income from continuing operations

   $ 41,782     $ 40,473     $ 62,893     $ 58,651  

Foreign currency translation adjustment

     (11,777 )     4,762       (10,047 )     6,796  

Foreign currency hedge adjustment

     (7,009 )     167       (5,414 )     506  
                                

Comprehensive income from continuing operations

     22,996       45,402       47,432       65,953  
                                

From discontinued operations:

        

Income (loss) from discontinued operations

     —         (675 )     —         (145 )
                                

Comprehensive income (loss) from discontinued operations

     —         (675 )     —         (145 )
                                

Total comprehensive income

   $ 22,996     $ 44,727     $ 47,432     $ 65,808  
                                

 

14


Table of Contents
This excerpt taken from the UVV 10-Q filed Aug 6, 2008.

NOTE 7. COMPREHENSIVE INCOME

Comprehensive income for each period presented in the consolidated statements of income and retained earnings was as follows:

 

     Three Months Ended
June 30,

(in thousands of dollars—all amounts net of income taxes)

   2008    2007

From continuing operations:

     

Income from continuing operations

   $ 21,111    $ 18,178

Foreign currency translation adjustment

     1,730      2,034

Foreign currency hedge adjustment

     1,595      339
             

Comprehensive income from continuing operations

     24,436      20,551
             

From discontinued operations:

     

Income from discontinued operations

     —        530
             

Comprehensive income from discontinued operations

     —        530
             

Total comprehensive income

   $ 24,436    $ 21,081
             

 

14


Table of Contents
This excerpt taken from the UVV 10-Q filed Aug 8, 2007.

NOTE 7. COMPREHENSIVE INCOME

Comprehensive income for each period presented in the consolidated statements of income and retained earnings was as follows:

 

     Three Months Ended
June 30,
 

(in thousands of dollars - all amounts net of income taxes)

   2007    2006  

From continuing operations:

     

Income (loss) from continuing operations

   $ 18,178    $ (13,727 )

Foreign currency translation adjustment

     2,034      2,600  

Foreign currency hedge adjustment

     339      193  
               

Comprehensive income (loss) from continuing operations

     20,551      (10,934 )
               

From discontinued operations:

     

Income from discontinued operations

     530      11,379  

Foreign currency translation adjustment

     —        6,471  

Foreign currency hedge adjustment

     —        (99 )
               

Comprehensive income from discontinued operations

     530      17,751  
               

Total comprehensive income

   $ 21,081    $ 6,817  
               

 

15


Table of Contents
This excerpt taken from the UVV 10-Q filed Aug 9, 2006.

NOTE 7. COMPREHENSIVE INCOME

Comprehensive income for each period presented in the consolidated statements of income and retained earnings is as follows:

 

     Three Months Ended
June 30,
 
(in thousands of dollars)    2006     2005  

Net income (loss)

   $ (2,348 )   $ 11,819  

Foreign currency translation adjustment, net of taxes

     9,071       (8,294 )

Foreign currency hedge adjustment, net of taxes

     94       568  
                

Comprehensive income

   $ 6,817     $ 4,093  
                
This excerpt taken from the UVV 10-Q filed Feb 9, 2006.

NOTE 7. COMPREHENSIVE INCOME

 

Comprehensive income for each period presented in the consolidated statements of income and retained earnings is as follows:

 

     Three Months Ended
December 31,


    Nine Months Ended
December 31,


 

(in thousands of dollars)

 

   2005

    2004

    2005

    2004

 

Net income (loss)

   $ (5,669 )   $ 27,907     $ 32,664     $ 62,247  

Foreign currency translation adjustment, net of taxes

     (1,024 )     10,455       (9,431 )     12,747  

Minimum pension liability, net of taxes

     (5,002 )     —         (5,002 )     —    

Foreign currency hedge adjustment, net of taxes

     198       (2,372 )     222       (3,954 )

Unrealized loss on available-for-sale securities, net of taxes

     (1,403 )     —         (1,403 )     —    
    


 


 


 


Comprehensive income (loss)

   $ (12,900 )   $ 35,990     $ 17,050     $ 71,040  
    


 


 


 


 

14


Table of Contents

The minimum pension liability for certain foreign plans was adjusted at December 31, 2005, based on mid-year actuarial valuations prepared for those plans. The unrealized loss on available-for-sale securities relates to investments made by the Company’s subsidiary in Zimbabwe in various equity securities to reduce its exposure to devaluation of the Zimbabwe dollar.

 

This excerpt taken from the UVV 10-Q filed Nov 9, 2005.

NOTE 6. COMPREHENSIVE INCOME

 

Comprehensive income for each period presented in the consolidated statements of income and retained earnings is as follows:

 

     Three Months Ended
September 30,


   Six Months Ended
September 30,


 

(in thousands of dollars)


   2005

    2004

   2005

    2004

 
                                 

Net income

   $ 26,514     $ 13,861    $ 38,333     $ 34,340  

Foreign currency translation adjustment, net of taxes

     (133 )     3,213      (8,407 )     2,292  

Foreign currency hedge adjustment, net of taxes

     (544 )     550      24       (1,582 )
    


 

  


 


Comprehensive income

   $ 25,837     $ 17,624    $ 29,950     $ 35,050  
    


 

  


 


 

12


Table of Contents
This excerpt taken from the UVV 10-Q filed Aug 9, 2005.

NOTE 6. COMPREHENSIVE INCOME

 

Comprehensive income for each period presented in the consolidated statements of income and retained earnings is as follows:

 

     Three Months Ended
June 30,


 

(in thousands of dollars)

 

   2005

    2004

 

Net income

   $ 11,819     $ 20,479  

Foreign currency translation adjustment, net of taxes

     (8,294 )     (921 )

Foreign currency hedge adjustment, net of taxes

     568       (2,132 )
    


 


Comprehensive income

   $ 4,093     $ 17,426  
    


 


 

 

11


Table of Contents
This excerpt taken from the UVV 10-Q filed Feb 8, 2005.

NOTE 10. COMPREHENSIVE INCOME

 

Comprehensive income for each period presented in the consolidated statements of income and retained earnings is as follows:

 

     THREE MONTHS

   NINE MONTHS

(in thousands of dollars)   

December 31,

2004


   

March 31,

2004


  

December 31,

2004


   

March 31,

2004


Net income

   $ 27,907     $ 27,841    $ 62,247     $ 99,636

Foreign currency translation adjustment

     10,455       15,055      12,747       24,427

Minimum pension liability

     —         12,025      —         12,025

Foreign currency hedge adjustment

     (2,372 )     —        (3,954 )     —  
    


 

  


 

Comprehensive income

   $ 35,990     $ 54,921    $ 71,040     $ 136,088
    


 

  


 

 

The adjustment to the minimum pension liability is recorded annually in the final quarter of the fiscal year based on actuarial calculations. In the prior year, it was recorded in the quarter and nine months ended March 31, 2004, since that was the final quarter of the Company’s shortened transition year. The currency hedge adjustment relates to a foreign currency hedge entered into at the end of the prior fiscal year.

 

14


Table of Contents
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki