Ogden Financial Data :: essays research papers

OGDEN CORPORATION AND SUBSIDIARIESSELECTED FINANCIAL DATADECEMBER 31 1988 1987(*) 1986(*)(In thousands of dollars, omit per-share amounts) gain sales and dishrevenues $1,087,785 $ 902,565 $ 819,629INCOME (LOSS) FROM keep trading trading operations 57,780 47,802 35,109 lay off operations 80,920Net income (loss) 57,780 47,802 116,029EARNINGS (LOSS) PER unwashedSHAREContinuing operations 1.44 1.19 .89Discontinued operations 2.09 summarize 1.44 1.19 2.98EARNINGS (LOSS) PER COMMONSHARE-ASSUMING FULLDILUTIONContinuing operations 1.41 1.17 .88Discontinued operations 2.00Total 1.41 1.17 2.88Total assets 2,201,745 1,759,496 1,642,634LONG-TERM OBLIGATIONSOperations other thanresource-rec everywherey 251,855 183,740 110,315Resource-recovery operation 1,163,565 795,195 772,754SHAREHOLDERS comeliness 425,754 406,576 392,639SHAREHOLDERS paleness PERCOMMON SHARE 10.70 10.32 10.09CASH DIVIDENDS state PERCOMMON SHARE 1.10 1.00 .90(TABLE CONTINUED)DECEMBER 31 1985(*) 1984(*)(In thousands of do llars,except per-share amounts)Net sales and service revenues $ 743,963 $688,669INCOME (LOSS) FROMContinuing operations 14,375 24,591Discontinued operations (35,675) 15,150Net income (loss) (21,300) 39,741EARNINGS (LOSS) PER COMMON SHAREContinuing operations .36 .63Discontinued operations (.94) .40Total (.58) 1.03EARNINGS (LOSS) PER COMMONSHARE-ASSUMING FULL DILUTIONContinuing operations .36 .62Discontinued operations (.94) .38Total (.58) 1.00Total assets 1,465,023 837,445LONG-TERM OBLIGATIONSOperations other thanresource-recovery 228,103 261,567Resource-recovery operation 597,945SHAREHOLDERS EQUITY 308,833 361,098SHAREHOLDERS EQUITY PER COMMON SHARE 7.19 9.38CASH DIVIDENDS DECLARED PERCOMMON SHARE .90 .90(*) Restated - See Note 1 to Consolidated Financial Statements.*37 HARDCOPY PAGE 37Ogden Corporation and SubsidiariesMANAGEMENTS DISCUSSION AND ANALYSIS OF CONSOLIDATED OPERATIONSThe accompanying pecuniary statements for former years have been restatedto reflect the consolidation of Ogdens leasing and financingsubsidiaries and a captive insurance company previously included on theequity method acting of accounting, as well as the previously off-balance sheetfinancing assets, liabilities, and related revenues and costs ofresource-recovery facilities. (See Note 1 to the Consolidated FinancialStatements.)OPERATIONS Sales and service revenues for 1988 change magnitude by$185,200,000, or 20.5%, over 1987. Operating Services revenues were$108,600,000 higher, primarily reflecting change magnitude revenues of$62,500,000 and $40,000,000 in the Building Services and AviationServices groups, respectively, chiefly associated with upstart accounts andincrease customer activity. The other areas of Operating Services alsohad increased revenues, which were partially offset by reduced revenuesin Leisure Services of $20,400,000, cod primarily to the loss of certaintheatre concession accounts in 1987. Environmental Services startedcommercial operations in 1988 and had rev enues of $7,500,000 for theyear. Resource-recovery operations had increased revenues of$69,000,000. Service revenues increased $37,000,000 over 1987,reflecting eight facilities in operation in 1988 having a per-daycapacity of 7,762 tons, compared with five facilities in operation in1987 having a per-day capacity of 3,200 tons. Construction revenueswere $32,000,000 higher, reflecting triplet projects low construction in1988, only one of which reaching more than 25% completion in 1988,compared with two plants under construction and one correct in 1987.Income from operations for 1988 increased $6,000,000 over 1987.Ogden Financial Data essays research papers OGDEN CORPORATION AND SUBSIDIARIESSELECTED FINANCIAL DATADECEMBER 31 1988 1987(*) 1986(*)(In thousands of dollars,except per-share amounts)Net sales and servicerevenues $1,087,785 $ 902,565 $ 819,629INCOME (LOSS) FROMContinuing operations 57,780 47,802 35,109Discontinued operations 80,920Net income (loss) 57,780 47,802 116,029 EARNINGS (LOSS) PER COMMONSHAREContinuing operations 1.44 1.19 .89Discontinued operations 2.09Total 1.44 1.19 2.98EARNINGS (LOSS) PER COMMONSHARE-ASSUMING FULLDILUTIONContinuing operations 1.41 1.17 .88Discontinued operations 2.00Total 1.41 1.17 2.88Total assets 2,201,745 1,759,496 1,642,634LONG-TERM OBLIGATIONSOperations other thanresource-recovery 251,855 183,740 110,315Resource-recovery operation 1,163,565 795,195 772,754SHAREHOLDERS EQUITY 425,754 406,576 392,639SHAREHOLDERS EQUITY PERCOMMON SHARE 10.70 10.32 10.09CASH DIVIDENDS DECLARED PERCOMMON SHARE 1.10 1.00 .90(TABLE CONTINUED)DECEMBER 31 1985(*) 1984(*)(In thousands of dollars,except per-share amounts)Net sales and service revenues $ 743,963 $688,669INCOME (LOSS) FROMContinuing operations 14,375 24,591Discontinued operations (35,675) 15,150Net income (loss) (21,300) 39,741EARNINGS (LOSS) PER COMMON SHAREContinuing operations .36 .63Discontinued operations (.94) .40Total (.58) 1.03EARNINGS (LOSS) PER COMMONSHARE-ASSUMING F ULL DILUTIONContinuing operations .36 .62Discontinued operations (.94) .38Total (.58) 1.00Total assets 1,465,023 837,445LONG-TERM OBLIGATIONSOperations other thanresource-recovery 228,103 261,567Resource-recovery operation 597,945SHAREHOLDERS EQUITY 308,833 361,098SHAREHOLDERS EQUITY PER COMMON SHARE 7.19 9.38CASH DIVIDENDS DECLARED PERCOMMON SHARE .90 .90(*) Restated - See Note 1 to Consolidated Financial Statements.*37 HARDCOPY PAGE 37Ogden Corporation and SubsidiariesMANAGEMENTS DISCUSSION AND ANALYSIS OF CONSOLIDATED OPERATIONSThe accompanying financial statements for prior years have been restatedto reflect the consolidation of Ogdens leasing and financingsubsidiaries and a captive insurance company previously included on theequity method of accounting, as well as the previously off-balance sheetfinancing assets, liabilities, and related revenues and costs ofresource-recovery facilities. (See Note 1 to the Consolidated FinancialStatements.)OPERATIONS Sales and service revenues for 1988 increased by$185,200,000, or 20.5%, over 1987. Operating Services revenues were$108,600,000 higher, primarily reflecting increased revenues of$62,500,000 and $40,000,000 in the Building Services and AviationServices groups, respectively, chiefly associated with new accounts andincreased customer activity. The other areas of Operating Services alsohad increased revenues, which were partially offset by reduced revenuesin Leisure Services of $20,400,000, due primarily to the loss of certaintheatre concession accounts in 1987. Environmental Services startedcommercial operations in 1988 and had revenues of $7,500,000 for theyear. Resource-recovery operations had increased revenues of$69,000,000. Service revenues increased $37,000,000 over 1987,reflecting eight facilities in operation in 1988 having a per-daycapacity of 7,762 tons, compared with five facilities in operation in1987 having a per-day capacity of 3,200 tons. Construction revenueswere $32,000,000 higher, reflecting th ree projects under construction in1988, only one of which reaching more than 25% completion in 1988,compared with two plants under construction and one completed in 1987.Income from operations for 1988 increased $6,000,000 over 1987.