REPORT OF INDEPENDENT ACCOUNTANTS. ON CONSOLIDATED FINANCIAL STATEMENT SCHEDULE To the Board of Directors of Xxxxxx Corporation: Our audits of the consolidated financial statements referred to in our report dated March 8, 2002 appearing in this Form 10-K, also included an audit of the consolidated financial statement schedule listed in Item 14(c) of this Form 10-K. In our opinion, this consolidated financial statement schedule presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements. PRICEWATERHOUSECOOPERS LLP Rochester, New York March 8, 2002 XXXXXX CORPORATION VALUATION AND QUALIFYING ACCOUNTS DESCRIPTION BALANCE AT BEGINNING OF PERIOD CHARGED IN COSTS AND EXPENSES CHANGE IN ESTIMATE DEDUCTIONS BALANCE AT END OF PERIOD ----------- ---------- ---------- --------- ---------- ---------- December 31, 1999: Allowance for doubtful accounts....... $ 192 $ 30 $ -- $(34) $ 188 Deferred tax asset valuation account............................ 14,679 -- (3,852) -- 10,827 December 31, 2000: Allowance for doubtful accounts....... $ 188 $ 30 $ -- $ -- $ 218 Deferred tax asset valuation account............................ 10,827 -- 3,716 -- 14,543 December 31, 2001: Allowance for doubtful accounts....... $ 218 $1,473 $ -- $(76) $ 1,615 Deferred tax asset valuation account............................ 14,543 -- (14,543) -- -- 61 EXHIBIT 21.1 SUBSIDIARIES OF THE REGISTRANT XXXXXX CORPORATION SUBSIDIARIES NAME PLACE OF INCORPORATION ---- ---------------------- Charged Productions, Inc.................................... Nevada Omega Protein............................................... Nevada Xxx.Xxx Corporation......................................... Nevada EXHIBIT 23 CONSENT OF INDEPENDENT ACCOUNTANTS We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (Nos. 333-43223 and 333-45568) of Xxxxxx Corporation of our reports dated March 8, 2002 relating to the consolidated financial statements and consolidated financial statement schedule, which appear in this Form 00-X. XXXXXXXXXXXXXXXXXXXXXX XXX Xxxxxxxxx, Xxx Xxxx March 28, 2002 EXHIBIT 24 POWER OF ATTORNEY
Appears in 2 contracts
Samples: Annual Report, Annual Report
REPORT OF INDEPENDENT ACCOUNTANTS. ON CONSOLIDATED FINANCIAL STATEMENT SCHEDULE To the Board of Directors of Xxxxxx Corporation: Our audits of the consolidated financial statements referred to in our report dated March 8, 2002 appearing in this Form 10-K, also included an audit of the consolidated financial statement schedule listed in Item 14(c) of this Form 10-K. In our opinion, this the accompanying consolidated financial statement schedule presents balance sheets and the related consolidated statements of operations, of stockholders' equity and of cash flows present fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements. PRICEWATERHOUSECOOPERS LLP Rochester, New York March 8, 2002 XXXXXX CORPORATION VALUATION AND QUALIFYING ACCOUNTS DESCRIPTION BALANCE AT BEGINNING OF PERIOD CHARGED IN COSTS AND EXPENSES CHANGE IN ESTIMATE DEDUCTIONS BALANCE AT END OF PERIOD ----------- ---------- ---------- --------- ---------- ---------- position of Harmonic Inc. and its subsidiaries at December 31, 1999: Allowance 1999 and 1998, and the results of their operations and their cash flows for doubtful accounts....... $ 192 $ 30 $ -- $(34) $ 188 Deferred tax asset valuation account............................ 14,679 -- (3,852) -- 10,827 each of the three years in the period ended December 31, 20001999 in conformity with generally accepted accounting principles. These financial statements are the responsibility of the Company's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with generally accepted auditing standards which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. /s/ PRICEWATERHOUSECOOPERS LLP -------------------------------------- PRICEWATERHOUSECOOPERS LLP San Jose, CA January 18, 2000 30 HARMONIC INC. CONSOLIDATED BALANCE SHEETS ---------------------- 1999 1998 --------- --------- (IN THOUSANDS, EXCEPT SHARE DATA) Current assets: Allowance for doubtful accounts....... Cash and cash equivalents................................. $ 188 24,822 $ 30 9,178 Short-term investments.................................... 64,877 -- Accounts receivable, net.................................. 35,421 17,646 Inventories............................................... 35,310 22,385 Deferred income taxes..................................... 5,478 -- Prepaid expenses and other assets......................... 3,792 1,175 -------- -------- Total current assets.............................. 169,700 50,384 Property and equipment, net................................. 14,931 10,726 Intangibles and other assets................................ 1,062 1,314 -------- -------- $185,693 $ 62,424 ======== ======== Current liabilities: Accounts payable.......................................... $ 18,946 $ 7,534 Income taxes payable...................................... 2,265 151 Accrued liabilities....................................... 19,073 10,204 Current portion of long-term debt......................... -- $ 177 -------- -------- Total current liabilities......................... 40,284 18,066 Long-term debt, less current portion........................ -- $ 218 Deferred tax asset valuation account............................ 10,827 -- 3,716 -- 14,543 December 31400 Other non-current liabilities............................... 521 484 Commitments and contingencies (Note 14) Stockholders' equity: Preferred Stock, 2001: Allowance for doubtful accounts....... $ 218 $1,473 $ -- $(76) $ 1,615 Deferred tax asset valuation account............................ 14,543 -- (14,543) .001 par value, 5,000,000 shares authorized; no shares issued or outstanding............ -- -- 61 EXHIBIT 21.1 SUBSIDIARIES Common Stock, $.001 par value, 50,000,000 shares authorized; 30,501,766 and 23,451,688 shares issued and outstanding............................................ 31 23 Capital in excess of par value............................ 148,551 70,913 Accumulated deficit....................................... (3,792) (27,472) Accumulated other comprehensive income.................... 98 10 -------- -------- -------- -------- $185,693 $ 62,424 ======== ======== HARMONIC INC. CONSOLIDATED STATEMENT OF THE REGISTRANT XXXXXX CORPORATION SUBSIDIARIES NAME PLACE OF INCORPORATION ---- ---------------------- Charged ProductionsOPERATIONS 1999 1998 --------- --------- (IN THOUSANDS, Inc.................................... Nevada Omega Protein............................................... Nevada Xxx.Xxx Corporation......................................... Nevada EXHIBIT 23 CONSENT OF INDEPENDENT ACCOUNTANTS We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (Nos. 333EXCEPT 1997-43223 and 333-45568------- SHARE DATA) of Xxxxxx Corporation of our reports dated March 8, 2002 relating to the consolidated financial statements and consolidated financial statement schedule, which appear in this Form 00-X. XXXXXXXXXXXXXXXXXXXXXX XXX Xxxxxxxxx, Xxx Xxxx March 28, 2002 EXHIBIT 24 POWER OF ATTORNEYNet sales................................................... $184,075 $ 83,857 $74,442
Appears in 2 contracts
Samples: Annual Report, Annual Report
REPORT OF INDEPENDENT ACCOUNTANTS. ON CONSOLIDATED FINANCIAL STATEMENT SCHEDULE To the Board of Directors and Shareholders of Xxxxxx Corporation: Our audits of Harmonic Inc. In our opinion, the consolidated financial statements referred to in our report dated March 8, 2002 appearing in this Form 10-K, also included an audit of the consolidated financial statement schedule listed in Item 14(c) of this Form 10-K. In our opinion, this consolidated financial statement schedule presents the accompanying index present fairly, in all material respects, the information set forth therein when read financial position of Harmonic Inc. and its subsidiaries at December 31, 2000 and 1999, and the results of their operations and their cash flows for each of the three years in conjunction the period ended December 31, 2000 in conformity with accounting principles generally accepted in the related United States of America. These financial statements are the responsibility of the Company's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of America, which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. /s/ PRICEWATERHOUSECOOPERS LLP ------------------------------------------------------ PRICEWATERHOUSECOOPERS LLP San Jose, CA March 30, 2001 38 HARMONIC INC. CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2000 1999 (IN THOUSANDS, EXCEPT PAR VALUE AMOUNTS) Cash and cash equivalents................................. $ 13,505 $ 24,822 Short-term investments.................................... 86,164 64,877 Accounts receivable, net.................................. 67,726 35,421 Inventories............................................... 80,191 35,310 Deferred income taxes..................................... 30,506 5,478 Prepaid expenses and other assets......................... 10,961 3,792 Total current assets.............................. 289,053 169,700 Property and equipment, net................................. 47,366 14,931 Intangibles and other assets................................ 89,525 1,062 $ 425,944 $185,693 =========== ======== Current liabilities: Accounts payable.......................................... $ 32,783 $ 18,946 Income taxes payable...................................... 1,109 2,265 Accrued liabilities....................................... 60,543 19,073 Total current liabilities......................... 94,435 40,284 Deferred income taxes....................................... 35,215 -- Other non-current liabilities............................... 592 521 Commitments and contingencies (Notes 12 and 13) Stockholders' equity: Preferred Stock, $.001 par value, 5,000 shares authorized; Common Stock, $.001 par value, 150,000 shares authorized; 57,891 and 30,502 shares issued and outstanding........ 58 31 Capital in excess of par value............................ 1,952,784 148,551 Accumulated deficit....................................... (1,657,800) (3,792) Accumulated other comprehensive income.................... 660 98 Total stockholders' equity........................ 295,702 144,888 $ 425,944 $185,693 =========== ======== The accompanying notes are an integral part of these consolidated financial statements. PRICEWATERHOUSECOOPERS LLP Rochester, New York March 8, 2002 XXXXXX CORPORATION VALUATION AND QUALIFYING ACCOUNTS DESCRIPTION BALANCE AT BEGINNING 39 HARMONIC INC. CONSOLIDATED STATEMENT OF PERIOD CHARGED IN COSTS AND EXPENSES CHANGE IN ESTIMATE DEDUCTIONS BALANCE AT END OF PERIOD ----------- ---------- ---------- --------- ---------- ---------- December OPERATIONS YEAR ENDED DECEMBER 31, 1999: Allowance for doubtful accounts....... $ 192 $ 30 $ -- $2000 1999 1998 (34) $ 188 Deferred tax asset valuation account............................ 14,679 -- (3,852) -- 10,827 December 31IN THOUSANDS, 2000: Allowance for doubtful accounts....... $ 188 $ 30 $ -- $ -- $ 218 Deferred tax asset valuation account............................ 10,827 -- 3,716 -- 14,543 December 31, 2001: Allowance for doubtful accounts....... $ 218 $1,473 $ -- $(76) $ 1,615 Deferred tax asset valuation account............................ 14,543 -- (14,543) -- -- 61 EXHIBIT 21.1 SUBSIDIARIES OF THE REGISTRANT XXXXXX CORPORATION SUBSIDIARIES NAME PLACE OF INCORPORATION ---- ---------------------- Charged Productions, Inc.................................... Nevada Omega Protein............................................... Nevada Xxx.Xxx Corporation......................................... Nevada EXHIBIT 23 CONSENT OF INDEPENDENT ACCOUNTANTS We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (Nos. 333-43223 and 333-45568) of Xxxxxx Corporation of our reports dated March 8, 2002 relating to the consolidated financial statements and consolidated financial statement schedule, which appear in this Form 00-X. XXXXXXXXXXXXXXXXXXXXXX XXX Xxxxxxxxx, Xxx Xxxx March 28, 2002 EXHIBIT 24 POWER OF ATTORNEYEXCEPT PER SHARE DATA)
Appears in 1 contract
Samples: Annual Report
REPORT OF INDEPENDENT ACCOUNTANTS. ON CONSOLIDATED FINANCIAL STATEMENT SCHEDULE To the Board of Directors and Stockholders of Xxxxxx Corporation: Our audits of the consolidated financial statements referred to in our report dated March 8NN Ball and Roller, 2002 appearing in this Form 10-K, also included an audit of the consolidated financial statement schedule listed in Item 14(c) of this Form 10-K. Inc. In our opinion, this consolidated the financial statement schedule presents statements listed in the accompanying index present fairly, in all material respects, the information set forth therein when read financial position of NN Ball and Roller, Inc. at December 31, 1996 and 1995, and the results of its operations and its cash flows for each of the three years in conjunction the period ended December 31, 1996, in conformity with generally accepted accounting principles. These financial statements are the related consolidated responsibility of the Company's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with generally accepted auditing standards which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. /s/ Price Waterhouse LLP - ------------------------ PRICE WATERHOUSE LLP Winston-Salem, North Carolina January 17, 1997 NN BALL AND ROLLER, INC. BALANCE SHEETS (IN THOUSANDS, EXCEPT PER SHARE DATA) - ----------------------------------------------------------------------------- Assets Current assets: --------- --------- Accounts receivable, net.............................................. $ 15,754 $ 16,915 Inventories, net...................................................... 10,408 9,813 Other current assets.................................................. 565 -- Total current assets................................................ 26,727 26,728 Property, plant and equipment, net...................................... 32,419 27,367 Other................................................................... 146 146 Total assets........................................................ $ 59,292 $ 54,241 Liabilities and Stockholders' Equity[el] Current liabilities: --------- --------- --------- --------- Revolving credit facility.............................................. $ 2,308 $ 3,590 Accounts payable--trade................................................ 4,054 8,201 Accrued vacation expense............................................... 370 369 Income taxes payable................................................... 96 208 Accrued sales rebate................................................... 755 243 Other liabilities...................................................... 791 692 Total liabilities................................................... 10,582 15,023 Stockholders' equity: Common stock--$0.01 par value, authorized--45,000 (1996) and 20,000 (1995) shares, issued and outstanding--14,629 (1996) and 14,473 --------- --------- (1995) shares........................................................ 146 144 Additional paid-in capital............................................ 26,983 25,289 Retained earnings..................................................... 21,581 13,785 Total stockholders' equity.......................................... 48,710 39,218 Total liabilities and stockholders' equity.......................... $ 59,292 $ 54,241 --------- --------- The accompanying notes are an integral part of these financial statements. PRICEWATERHOUSECOOPERS LLP RochesterNN BALL AND ROLLER, New York March 8INC. BALANCE SHEETS (IN THOUSANDS, 2002 XXXXXX CORPORATION VALUATION EXCEPT PER SHARE DATA) - ----------------------------------------------------------------------------- YEAR ENDED DECEMBER 31, 1996 1995 1994 Net sales........................................................................ $ 84,539 $ 77,786 $ 60,487 Cost of products sold............................................................ 56,695 53,912 40,110 Gross profit..................................................................... 27,844 23,874 20,377 Selling, general and administrative expenses..................................... 4,890 4,249 3,439 Depreciation..................................................................... 3,358 2,364 1,996 Income from operations........................................................... 19,596 17,261 14,942 Interest expense................................................................. 296 42 354 Income before provision for income taxes and extraordinary item.................. 19,300 17,219 14,588 Provision for income taxes....................................................... 6,835 5,708 5,704 Income before extraordinary item................................................. Extraordinary loss from early extinguishment of debt (net of income tax benefit of $710)............................................................... 12,465 -- 11,511 -- 8,884 (1,160) Net income....................................................................... $ 12,465 $ 11,511 $ 7,724 Net income per share (primary):.................................................. $ .83 $ .79 Weighted average number of shares outstanding.................................... 15,042 14,583 Unaudited pro forma data: (Notes 2 and 3) Income before provision for income taxes and extraordinary item.................. $ 14,588 Provision for income taxes....................................................... 5,543 Income before extraordinary item................................................. 9,045 Extraordinary item, net.......................................................... (1,160) Net income....................................................................... $ 7,885 Net income per share (primary): Income before extraordinary item................................................. $ .66 Extraordinary item, net.......................................................... (.09) Net income per share............................................................. $ .57 Weighted average number of shares outstanding.................................... 13,716 The accompanying notes are an integral part of these financial statements. NN BALL AND QUALIFYING ACCOUNTS DESCRIPTION BALANCE AT BEGINNING ROLLER, INC. STATEMENTS OF PERIOD CHARGED CHANGES IN COSTS AND EXPENSES CHANGE STOCKHOLDERS' EQUITY (IN ESTIMATE DEDUCTIONS BALANCE AT END THOUSANDS) - ----------------------------------------------------------------------------- ADDITIONAL NUMBER PAR PAID-IN RETAINED OF PERIOD ----------- ---------- ---------- --------- ---------- ---------- SHARES VALUE CAPITAL EARNINGS TOTAL Balance, December 31, 1999: Allowance for doubtful accounts....... 1993..................................... 4,432 $ 192 44 $ 30 417 $ 7,723 $ 8,184 Net income................................................... -- $(34) $ 188 Deferred tax asset valuation account............................ 14,679 -- -- 7,724 7,724 Dividends paid............................................... -- -- -- (3,8521,030) (1,030) Proceeds from IPO (net)...................................... 2,000 20 24,872 -- 10,827 24,892 Sub S-corporation distribution............................... -- -- -- (9,233) (9,233) Balance, December 31, 20001994..................................... 6,432 64 25,289 5,184 30,537 Net income................................................... -- -- -- 11,511 11,511 Dividends paid............................................... -- -- -- (2,830) (2,830) Three-for-two stock split.................................... 3,216 32 -- (32) -- Three-for-two stock split.................................... 4,825 48 -- (48) -- Balance, December 31, 1995..................................... 14,473 144 25,289 13,785 39,218 Net income................................................... 12,465 12,465 Dividends paid............................................... -- -- -- (4,669) (4,669) Stock options exercised...................................... 156 2 1,694 -- 1,696 Balance, December 31, 1996..................................... 14,629 $ 146 $ 26,983 $ 21,581 $ 48,710 The accompanying notes are an integral part of these financial statements. NN BALL AND ROLLER, INC. STATEMENTS OF CASH FLOWS (IN THOUSANDS) - ----------------------------------------------------------------------------- YEAR ENDED DECEMBER 31, 1996 1995 1994 Cash flows from operating activities: Allowance Net income................................................................. $ 12,465 $ 11,511 $ 7,724 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation............................................................. 3,358 2,364 1,996 Amortization of bond issue costs......................................... -- -- 150 Deferred income taxes.................................................... 488 166 1,382 Changes in operating assets and liabilities: Accounts receivable.................................................... 1,161 (5,898) (2,910) Inventories............................................................ (595) (3,563) (917) Other current assets................................................... (565) 30 490 Accounts payable--trade................................................ (4,147) 4,748 (1,346) Income taxes payable................................................... (112) (287) 471 Accrued sales rebate................................................... 512 79 -- Other liabilities...................................................... 100 328 (139) Net cash provided by operations...................................... 12,665 9,478 6,901 Cash flows from investing activities: Acquisition of property, plant and equipment............................... (8,410) (14,509) (5,231) Other assets............................................................... -- (23) (16) Net cash used for doubtful accounts....... $ 188 $ 30 investing activities............................... (8,410) (14,532) (5,247) Cash flows from financing activities: Net receipts (payments) under revolving line of credit..................... (1,282) 3,590 -- Principal payment on long-term debt...................................... -- -- (12,000) Proceeds from Initial Public Offering--net................................. -- -- 24,892 Sub S-corporation distribution............................................. -- -- (9,233) Cash dividends............................................................. (4,669) (2,830) (1,030) Stock options exercised.................................................... 1,696 -- -- Net cash provided (used) by financing activities..................... (4,255) 760 2,629 Net increase (decrease) in cash and cash equivalents......................... -- (4,294) 4,283 Cash and cash equivalents at beginning of period............................. -- 4,294 11 Cash and cash equivalents at end of period................................... $ -- $ -- $ 218 Deferred tax asset valuation account............................ 10,827 -- 3,716 -- 14,543 December 4,294 The accompanying notes are an integral part of these financial statements. NN BALL AND ROLLER, INC. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001: Allowance for doubtful accounts....... $ 218 $1,473 $ -- $1996, 1995, AND 1994 - ----------------------------------------------------------------------------- NOTE 1--THE COMPANY AND ITS SIGNIFICANT ACCOUNTING POLICIES NN Ball and Roller, Inc. (76the "Company") $ 1,615 Deferred tax asset valuation account............................ 14,543 -- (14,543) -- -- 61 EXHIBIT 21.1 SUBSIDIARIES OF THE REGISTRANT XXXXXX CORPORATION SUBSIDIARIES NAME PLACE OF INCORPORATION ---- ---------------------- Charged Productions, Inc.................................... Nevada Omega Protein............................................... Nevada Xxx.Xxx Corporation......................................... Nevada EXHIBIT 23 CONSENT OF INDEPENDENT ACCOUNTANTS We hereby consent to the incorporation by reference is a manufacturer of balls and rollers used primarily in the Registration Statements on Form S-8 bearing industry. The Company has two manufacturing facilities in Tennessee and one manufacturing facility in South Carolina. The Company sells to both foreign and domestic customers (NosSee Note 10). 333-43223 and 333-45568) CASH AND CASH EQUIVALENTS The Company considers all highly liquid investments with an original maturity of Xxxxxx Corporation of our reports dated March 8, 2002 relating to the consolidated financial statements and consolidated financial statement schedule, which appear in this Form 00-X. XXXXXXXXXXXXXXXXXXXXXX XXX Xxxxxxxxx, Xxx Xxxx March 28, 2002 EXHIBIT 24 POWER OF ATTORNEYthree months or less as cash equivalents.
Appears in 1 contract
Samples: Annual Report
REPORT OF INDEPENDENT ACCOUNTANTS. ON CONSOLIDATED FINANCIAL STATEMENT SCHEDULE To the Board Directors and Stockholders of Directors of Xxxxxx Cabot Corporation: Our audits of report on the consolidated financial statements referred to in our report dated March 8, 2002 appearing of Cabot Corporation is incorporated by reference in this Form 10-K, also included an audit K from page 40 of the consolidated 1994 Annual Report to Stockholders of Cabot Corporation. In connection with our audits of such financial statements, we have also audited the related financial statement schedule schedules listed in Item 14(c) the Index on page 17 of this Form 10-K. In our opinion, this consolidated the financial statement schedule presents schedules referred to above, when considered in relation to the basic financial statements taken as a whole, present fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statementsrequired to be included therein. PRICEWATERHOUSECOOPERS LLP RochesterCOOPERS & XXXXXXX L.L.P. Boston, New York March 8Massachusetts November 1, 2002 XXXXXX CORPORATION VALUATION AND QUALIFYING ACCOUNTS DESCRIPTION BALANCE AT BEGINNING OF PERIOD CHARGED IN COSTS AND EXPENSES CHANGE IN ESTIMATE DEDUCTIONS BALANCE AT END OF PERIOD ----------- ---------- ---------- --------- ---------- ---------- December 31, 1999: Allowance for doubtful accounts....... $ 192 $ 30 $ -- $(34) $ 188 Deferred tax asset valuation account............................ 14,679 -- (3,852) -- 10,827 December 31, 2000: Allowance for doubtful accounts....... $ 188 $ 30 $ -- $ -- $ 218 Deferred tax asset valuation account............................ 10,827 -- 3,716 -- 14,543 December 31, 2001: Allowance for doubtful accounts....... $ 218 $1,473 $ -- $(76) $ 1,615 Deferred tax asset valuation account............................ 14,543 -- (14,543) -- -- 61 EXHIBIT 21.1 SUBSIDIARIES OF THE REGISTRANT XXXXXX CORPORATION SUBSIDIARIES NAME PLACE OF INCORPORATION ---- ---------------------- Charged Productions, Inc.................................... Nevada Omega Protein............................................... Nevada Xxx.Xxx Corporation......................................... Nevada EXHIBIT 23 1994 CONSENT OF INDEPENDENT ACCOUNTANTS We hereby consent to the incorporation by reference in the Registration Statements registration statements of Cabot Corporation on Form S-8 S-3 (NosFile No. 33333-43223 48686) and 333-45568on Forms COOPERS & XXXXXXX L.L.P. Boston, Massachusetts December 20, 1994 CABOT CORPORATION CONSOLIDATED - -------------------------------------------------------------------------------- SCHEDULE V PROPERTY, PLANT AND EQUIPMENT YEAR ENDED SEPTEMBER 30, 1994 (DOLLARS IN 000'S) of Xxxxxx Corporation of our reports dated March 8COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F - ----------------------------------------------------------------------------------------------- OTHER CHANGES/ ADD (DEDUCT) ----------------------- BALANCE FOREIGN BALANCE AT CURRENCY AT BEGINNING ADDITIONS TRANSLATION END OF CLASSIFICATION OF PERIOD AT COST RETIREMENTS ADJUSTMENT OTHER PERIOD - ----------------------------------------------------------------------------------------------- Specialty Chemicals and Materials $1,156,692 $70,628 $(18,720) $34,522 $45,525(a) $1,288,647 Energy................... 91,566 2,923 (3,194) 91,295 General corporate........ 1,970 --------- 4 ------- (340) -------- ------- ------- 1,634 ---------- Total $1,250,228 $73,555 $(22,254) $34,522 $45,525 $1,381,576 ========== ======= ======== ======= ======= ========== YEAR ENDED SEPTEMBER 30, 2002 relating to the consolidated financial statements 1993 (DOLLARS IN 000'S) COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F - ----------------------------------------------------------------------------------------------- OTHER CHANGES/ ADD (DEDUCT) ----------------------- BALANCE FOREIGN BALANCE AT CURRENCY AT BEGINNING ADDITIONS TRANSLATION END OF CLASSIFICATION OF PERIOD AT COST RETIREMENTS ADJUSTMENT OTHER PERIOD - ----------------------------------------------------------------------------------------------- Specialty Chemicals and consolidated financial statement scheduleMaterials $1,182,186 $63,943 $(7,938) $ (87,114) $5,615(b) $1,156,692 General corporate......... 1,610 --------- 360 ------- -------- ---------- ------ 1,970 ---------- Total $1,274,656 $65,009 $(7,938) $ (87,114) $5,615 $1,250,228 ========== ======= ======= ========= ====== ========== YEAR ENDED SEPTEMBER 30, which appear in this Form 00-X. XXXXXXXXXXXXXXXXXXXXXX XXX Xxxxxxxxx, Xxx Xxxx March 28, 2002 EXHIBIT 24 POWER 1992 (DOLLARS IN 000'S) COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F - ----------------------------------------------------------------------------------------------- OTHER CHANGES/ ADD (DEDUCT) ----------------------- BALANCE FOREIGN BALANCE AT CURRENCY AT BEGINNING ADDITIONS TRANSLATION END OF ATTORNEYCLASSIFICATION OF PERIOD AT COST RETIREMENTS ADJUSTMENT OTHER PERIOD - ----------------------------------------------------------------------------------------------- Specialty Chemicals and Materials.............. $1,042,090 $76,519 $(8,542) $42,680 $29,439(c) $1,182,186 General corporate........ 5,162 ---------- 272 ------- (3,824) -------- ------- ------- 1,610 ---------- Total.......... $1,136,833 $78,070 $(12,366) $42,680 $29,439 $1,274,656 ========== ======= ======== ======== ======= ========== <FN> - ---------------
Appears in 1 contract
Samples: Annual Report
REPORT OF INDEPENDENT ACCOUNTANTS. ON CONSOLIDATED FINANCIAL STATEMENT SCHEDULE To the Board of Directors of Xxxxxx Corporation: Our audits of the consolidated financial statements referred to in our report dated March 8, 2002 appearing in this Form 10-K, also included an audit of the consolidated financial statement schedule listed in Item 14(c) of this Form 10-K. In our opinion, this the accompanying consolidated financial statement schedule presents balance sheets and the related consolidated statements of operations, of stockholders' equity and of cash flows present fairly, in all material respects, the information set forth therein when read financial position of Harmonic Inc. and its subsidiaries at December 31, 1999 and 1998, and the results of their operations and their cash flows for each of the three years in conjunction the period ended December 31, 1999 in conformity with generally accepted accounting principles. These financial statements are the related responsibility of the Company's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with generally accepted auditing standards which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. /s/ PRICEWATERHOUSECOOPERS LLP -------------------------------------- PRICEWATERHOUSECOOPERS LLP San Jose, CA January 18, 2000 30 HARMONIC INC. CONSOLIDATED BALANCE SHEETS ---------------------- 1999 1998 --------- --------- (IN THOUSANDS, EXCEPT SHARE DATA) Current assets: Cash and cash equivalents................................. $ 24,822 $ 9,178 Short-term investments.................................... 64,877 -- Accounts receivable, net.................................. 35,421 17,646 Inventories............................................... 35,310 22,385 Deferred income taxes..................................... 5,478 -- Prepaid expenses and other assets......................... 3,792 1,175 -------- -------- Total current assets.............................. 169,700 50,384 Property and equipment, net................................. 14,931 10,726 Intangibles and other assets................................ 1,062 1,314 -------- -------- $185,693 $ 62,424 ======== ======== Current liabilities: Accounts payable.......................................... $ 18,946 $ 7,534 Income taxes payable...................................... 2,265 151 Accrued liabilities....................................... 19,073 10,204 Current portion of long-term debt......................... -- 177 -------- -------- Total current liabilities......................... 40,284 18,066 Long-term debt, less current portion........................ -- 400 Other non-current liabilities............................... 521 484 Commitments and contingencies (Note 14) Stockholders' equity: Preferred Stock, $.001 par value, 5,000,000 shares authorized; no shares issued or outstanding............ -- -- Common Stock, $.001 par value, 50,000,000 shares authorized; 30,501,766 and 23,451,688 shares issued and outstanding............................................ 31 23 Capital in excess of par value............................ 148,551 70,913 Accumulated deficit....................................... (3,792) (27,472) Accumulated other comprehensive income.................... 98 10 -------- -------- -------- -------- $185,693 $ 62,424 ======== ======== The accompanying notes are an integral part of these consolidated financial statements. PRICEWATERHOUSECOOPERS LLP Rochester, New York March 8, 2002 XXXXXX CORPORATION VALUATION AND QUALIFYING ACCOUNTS DESCRIPTION BALANCE AT BEGINNING HARMONIC INC. CONSOLIDATED STATEMENT OF PERIOD CHARGED IN COSTS AND EXPENSES CHANGE IN ESTIMATE DEDUCTIONS BALANCE AT END OF PERIOD ----------- ---------- ---------- --------- ---------- ---------- December OPERATIONS YEAR ENDED DECEMBER 31, 1999: Allowance for doubtful accounts....... 1999 1998 1997 --------- --------- -------- (IN THOUSANDS, EXCEPT SHARE DATA) Net sales................................................... $184,075 $ 192 $ 30 $ -- 83,857 $(34) $ 188 Deferred tax asset valuation account............................ 14,679 -- (3,852) -- 10,827 December 31, 2000: Allowance for doubtful accounts....... $ 188 $ 30 $ -- $ -- $ 218 Deferred tax asset valuation account............................ 10,827 -- 3,716 -- 14,543 December 31, 2001: Allowance for doubtful accounts....... $ 218 $1,473 $ -- $(76) $ 1,615 Deferred tax asset valuation account............................ 14,543 -- (14,543) -- -- 61 EXHIBIT 21.1 SUBSIDIARIES OF THE REGISTRANT XXXXXX CORPORATION SUBSIDIARIES NAME PLACE OF INCORPORATION ---- ---------------------- Charged Productions, Inc.................................... Nevada Omega Protein............................................... Nevada Xxx.Xxx Corporation......................................... Nevada EXHIBIT 23 CONSENT OF INDEPENDENT ACCOUNTANTS We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (Nos. 333-43223 and 333-45568) of Xxxxxx Corporation of our reports dated March 8, 2002 relating to the consolidated financial statements and consolidated financial statement schedule, which appear in this Form 00-X. XXXXXXXXXXXXXXXXXXXXXX XXX Xxxxxxxxx, Xxx Xxxx March 28, 2002 EXHIBIT 24 POWER OF ATTORNEY74,442
Appears in 1 contract
Samples: Annual Report
