|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the GWW 10-Q filed Jul 31, 2008. Other Income and Expense Other income and expense was income of $0.2 million in the first six months of 2008 compared with $6.8 million in the first six months of 2007. This decrease was primarily attributable to lower interest income and higher interest expense in 2008 due to lower cash on hand and increased borrowings.
This excerpt taken from the GWW 10-Q filed May 8, 2008. Other Income and Expense Other income and expense was income of $0.7 million in the first quarter of 2008 compared with $3.1 million in the first quarter of 2007. This decrease was primarily attributable to lower interest income in 2008.
These excerpts taken from the GWW 10-K filed Feb 27, 2008. Other Income and Expense Other income and expense was $25.0 million of income in 2006, an improvement of $11.3 million as compared with $13.7 million of income in 2005. The following table summarizes the components of other income and expense:
The increase in interest income in 2006 was the result of higher interest rates and higher average cash balances.
Other Income and Expense Other income and expense was $25.0 million of income in 2006, an improvement of $11.3 million as compared with $13.7 million of income in 2005. The following table summarizes the components of other income and expense:
The increase in interest income in 2006 was the result of higher interest rates and higher average cash balances.
This excerpt taken from the GWW 10-Q filed Nov 2, 2007. Other Income and Expense Other income and expense was income of $9.7 million in the first nine months of 2007 compared with $19.8 million in the first nine months of 2006. This decrease was primarily attributable to lower interest income in 2007 and no counterpart to a gain on the sale of Acklands – Grainger’s interest in the USI-AGI Prairies joint venture in 2006. In addition, there was a decrease in earnings on equity of unconsolidated entities in 2007 versus 2006 primarily driven by the absence of earnings relating to the sale of the joint venture.
This excerpt taken from the GWW 10-Q filed Aug 2, 2007. Other Income and Expense Other income and expense was income of $6.8 million in the first half of 2007 compared with $14.3 million in the first half of 2006. The decrease in other income and expense was primarily attributable to lower interest income in 2007 and no counterpart in the second quarter of 2007 to a gain realized in the 2006 second quarter on the sale of Acklands – Grainger’s interest in the USI-AGI Prairies joint venture. In addition, there was a loss on equity of unconsolidated entities in 2007 versus income in 2006 primarily driven by the absence of earnings resulting from the joint venture sale.
This excerpt taken from the GWW 10-K filed Feb 27, 2007. Other Income and Expense Other income and expense was $13.7 million of income in 2005, an improvement of $9.8 million as compared with $3.9 million of income in 2004. The following table summarizes the components of other income and expense:
The improvement in other income and expense in 2005 over 2004 was primarily attributable to higher interest income and lower interest expense and improvement in the results of unconsolidated entities. The increase in interest income in 2005 was primarily the result of higher interest rates. Interest expense decreased due to the payment of the cross-currency swap in September 2004.
This excerpt taken from the GWW 10-Q filed Nov 2, 2006. Other Income and Expense The following table summarizes the components of other income and expense:
The improvement in other income and expense was primarily attributable to higher interest income and the gain on the sale of Acklands - Grainger’s interest in the USI-AGI Prairies joint venture. The increase in interest income in 2006 was the result of higher average cash balances and higher interest rates.
This excerpt taken from the GWW 10-Q filed Aug 2, 2006. Other Income and Expense Other income and expense was income of $14.3 million in the first half of 2006 compared with $5.1 million in the first half of 2005. The following table summarizes the components of other income and expense:
The improvement in other income and expense was primarily attributable to the combination of higher interest income and the gain on the sale of Acklands – Grainger’s interest in the USI-AGI Prairies joint venture. The increase in interest income in 2006 was the result of higher average cash balances and higher interest rates.
This excerpt taken from the GWW 8-K filed Jul 17, 2006. Other Income and Expense
For the 2006 second quarter, “Other Income and Expense” was income of $8.3 million versus $2.8 million for the 2005 quarter. The increase was primarily attributable to higher interest income in 2006 versus 2005 and a $2.3 million gain on the sale of Acklands-Grainger’s interest in the USI-AGI Prairies joint venture in 2006.
This excerpt taken from the GWW 10-Q filed May 2, 2006. Other Income and Expense Other income and expense was income of $6.0 million in the first quarter of 2006 compared with $2.3 million in the first quarter of 2005. The following table summarizes the components of other income and expense:
The improvement in other income and expense was primarily attributable to the combination of higher interest income and the improvement in the results of unconsolidated entities. The increase in interest income in 2006 was primarily the result of higher average cash balances and higher interest rates.
This excerpt taken from the GWW 8-K filed Apr 17, 2006. Other Income and Expense
For the 2006 first quarter, “Other Income and Expense” was income of $6.0 million versus $2.3 million for the 2005 quarter. The increase was primarily attributable to higher interest income in 2006 versus 2005 and an improvement in the results of unconsolidated entities.
This excerpt taken from the GWW 10-K filed Mar 6, 2006. Other Income and Expense Other income and expense was $3.9 million of income in 2004, an improvement of $11.7 million as compared with $7.8 million of expense in 2003. The following table summarizes the components of other income and expense:
The improvement in other income and expense in 2004 over 2003 was primarily attributable to net interest income in 2004 versus net interest expense in 2003, as well as a $3.3 million improvement in the results of unconsolidated entities. The change to net interest income in 2004 from net interest expense in 2003 was due to the combination of higher interest rates and invested balances, together with the reduction in outstanding long-term debt balances. Additionally, 2003 included $1.9 million in expense for the write-off of investments in two Asian joint ventures and $1.6 million in expense for the write-down of investment securities. See Note 7 to the Consolidated Financial Statements.
This excerpt taken from the GWW 8-K filed Jan 26, 2006. Other Income and Expense
For the 2005 fourth quarter, “Other Income and Expense” was $5.1 million of income versus $2.3 million of income for the 2004 quarter. The increase was primarily attributable to net interest income driven by higher average cash balances and interest rates.
This excerpt taken from the GWW 10-Q filed Nov 2, 2005. Other Income and Expense
Other income was $12.4 million in the first nine months of 2005 compared with $2.3 million of income in the first nine months of 2004. The following table summarizes the components of other income and expense:
The improvement in other income and expense was primarily attributable to higher interest income and lower interest expense, an improvement in the results of unconsolidated entities and gains realized on the sale of several facilities. The gains from the sales of fixed assets resulted principally from the sale of seven facilities: four located in the United States that were related to the market expansion program and three located in Canada. The increase in net interest income in 2005 was primarily the result of higher average cash balances and higher interest rates and lower interest expense resulting from the payoff of debt in the third quarter of 2004.
This excerpt taken from the GWW 8-K filed Oct 17, 2005. Other Income and Expense
For the 2005 third quarter, “Other Income and Expense” was $3.8 million of income versus $1.4 million of income for the 2004 quarter. The increase was primarily attributable to higher net interest income and an improvement in the results of unconsolidated entities.
This excerpt taken from the GWW 8-K filed Jul 15, 2005. Other Income and ExpenseFor the 2005 second quarter, “Other Income and Expense” was $2.0 million of income versus $0.5 million of income for the 2004 quarter. The increase was primarily attributable to the following: higher net interest income and an improvement in the results of unconsolidated entities, partially offset by losses related to fixed assets. This excerpt taken from the GWW 8-K filed Apr 15, 2005. Other Income and ExpenseFor the 2005 first quarter, “Other Income and Expense” was $6.6 million of income versus $0.4 million of income for the 2004 quarter. The increase was primarily attributable to the following: higher net interest income in 2005 versus 2004, an improvement in the results of unconsolidated entities and gains on the sale of five facilities. This excerpt taken from the GWW 8-K filed Jan 27, 2005. Other Income and ExpenseFor the 2004 fourth quarter, “Other Income and Expense” was $3.4 million of income versus $4.3 million of expense for the 2003 quarter. The increase is primarily attributable to the following: net interest income in 2004 versus net interest expense in 2003, an improvement in the results of unconsolidated entities and a $1.2 million gain on the sale of a facility. Additionally, the 2003 quarter included $1.9 million in expense for the write-down of investments in two Asian joint ventures. | EXCERPTS ON THIS PAGE:RELATED TOPICS for GWW: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||
