United States Rubber Company and Subsidiary Companies
Financial Briefs
1963 1962
Sales . . . . . . . . . . . . . . . . . . $980,230,000 $1,006,793,000
Federal and foreign income taxes . . . . . . . 24,274,000 22,619,000
Net Income. . . . . . . . . . . . . . . . . 22,105,000 25,694,000
Dividends paid: Preferred stock, $8.00 a share . 5,137,000 5,151,000
Common stock, $2.20 a share . . 12,854,000 12,909,000
Earnings retained in the business . . . . . . . 4,114,000 7,634,000
Net Income a Common Share . . . . . . . . . . $2.90 $3.50
Employees’ pay and benefits . . . . . . . . . 342,389,000 358,478,000
Plant and equipment expenditures* . . . . . . 44,648,000 39,200,000
Depreciation charged to earnings . . . . . . . 27,217,000 27,657,000
Interest on long term debt . . . . . . . . . . 5,338,000 5,310,000
Long term debt . . . . . . . . . . . . . . . 162,039,000 153,262,000
Working capital, net — amount . . . . . . . . 306,064,000 314,047,000
— ratio . . . . . . . . . . 3.0 3.2
Stockholders’ equity in business (net worth) . . 352,121,000 347,434,000
Book Value a Common Share . . . . . . . . . . $48.78 $48.08
- In total, plant and equipment expenditures aggregated $65,491,000 in 1963, comprising $44,648,000 of direct expenditures, $12,862,000 toward construction of a new $21 million tire plant being financed by Industrial Revenue Bonds and $7,981,000 as our share of expenditures by affiliated companies. For 1962 such total was $48,017,000.