| OCR Text |
Show UTAH INTERNATIONAL INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET (Amounts in thousands) ASSETS ? July 31, October 31, 1976 1975 (Unaudited) Current Assets: Cash........................................................................................................ $ 9,956 $ 3,924 Marketable securities, at cost which approximates market.................. 8,250 24,610 Accounts and notes receivable.............................................................. 87,766 63,810 Current portion of long-term receivables.............................................. 7,616 6,575 Inventories (Note 3)............................................................................. 75,508 114,294 Prepaid expenses................................................................................... 3,910 10,759 Total current assets................................................................. $ 193,006 $ 223,972 Investments: Affiliated companies (Notes 1 and 4).................................................. $ 84,470 $ 81,566 Joint ventures and partnerships (Note 5)............................................ 10,086 8,590 Land and real estate, at cost Real estate held for development and sale................................... 7,866 7,627 Land and improved real estate held for investment, less accumulated depreciation of $3,531 and $3,726, respectively. 5,410 6,457 $ 107,832 $ 104,240 Other Assets, net of current portion: Loans for construction of railroad and power facilities........................ $ 58,518 $ 53,854 Long-term receivables and other, net of reserve of $17,226 and $17,655, respectively (Note 5).......................................................... 72,070 84,070 $ 130,588 $ 137,924 Property, Plant and Equipment (Notes 1 and 6): Mining properties-Lands, leases and development costs............................................ $ 95,439 $ 97,963 Equipment and facilities................................................................ 604,309 659,249 Facilities under development........................................................ 3,356 Oil and gas properties............................................................................ 130,896 148,619 Other...................................................................................................... 4,141 17,958 $ 834,785 $ 927,145 LessAccumulated depreciation, depletion and amortization........... 220,575 262,456 $ 614,210 $ 664,689 $1,045,636 $1,130,825 The accompanying notes are an integral part of this statement. F-30 UTAH INTERNATIONAL INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET (Amounts in thousands) LIABILITIES AND STOCKHOLDERS' EQUITY July 31, October 31, 1976 1975 (Unaudited) Current Liabilities: Notes payable and current portion of long-term liabilities.................. $ 14,291 $ 24,825 Accounts payable................................................................................... 32,075 29,933 Accrued liabilities (Note 7).................................................................. 46,404 48,573 Accrued income taxes............................................................................ 83,816 88,774 Total current liabilities........................................................... $ 176,586 $ 192,105 Long-Term Liabilities, net of current portion (Notes 8 and 9): Unsecured.............................................................................................. $ 219,779 $ 171,296 Secured................................................................................................... 4,022 4,027 $ 223,801 $ 175,323 Deferred Credits (Notes 1, 10 and 11): Income taxes.......................................................................................... $ 76,652 $ 77,778 Other...................................................................................................... 8,926 13,174 $ 85,578 $ 90,952 Minority Interest in Subsidiaries............................................................ $ 19,034 $ 29,057 Contingent Liabilities and Commitments (Note 12) Stockholders' Equity: Preferred stock, without par value Authorized1,000,000 shares 30c cumulative convertible seriesissued 2 shares in 1975 ............ $ $ Common stock, par value $2 per share (Note 13) Authorized80,000,000 shares Issued31,533,785 shares and 31,541,864 shares, respectively...... 63,068 63,084 Paid-in capital........................................................................................ 91,120 91,464 Retained earnings (Note 9).................................................................. 386,474 488,849 Treasury stock, at cost491 shares and 218 shares, respectively........ (25) (9) $ 540,637 $ 643,388 $1,045,636 $1,130,825 The accompanying notes are an integral part of this statement. F-31 |
