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Strategies & Market Trends : Fundamental Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (2947)

4/23/2013 3:59:48 PM

From: bruwin

Read Replies (1) | Respond to of 4719

.... and has been buying back shares as well.

Are you sure ?

In ROC's Balance Sheet below, Treasury Stock has been at -$1.4 mil. (and 0.1 mil.) for the last 5 years.
Over the same period their Common Shares have increased from 74.1 mil. to 78.5 mil.

EQUITY & LIABILITIES
Accounts Payable	260.8	237.3	249.6	249.1	233.3
Notes Payable	0.0	0.0	0.0	0.0	0.0
Short-Term Debt	90.9	94.2	465.7	250.5	553.7
Accrued Expenses	198.5	0.0	0.0	0.0	0.0
Accrued Liabilities	92.6	227.1	330.1	291.0	257.5
Deferred Revenues	0.0	0.0	0.0	0.0	0.0
Current Deferred Income Taxes	9.0	2.6	2.6	3.8	3.6
Other Current Liabilities	23.0	19.0	47.8	45.8	33.1
Total Current Liabilities	674.8	580.2	1,095.8	840.2	1,081.2
Long-Term Debt	2,720.3	2,434.1	1,695.3	1,437.2	2,198.1
Capital Lease Obligations	0.0	0.0	0.0	0.0	0.0
Deferred Income Taxes	97.6	69.1	77.9	86.5	72.0
Other Non-Current Liabilities	545.7	557.5	514.0	565.3	712.7
Minority Interest Liability	315.4	290.0	289.4	298.2	253.1
Preferred Secur. Of Subsid. Trust	0.0	0.0	0.0	0.0	0.0
Preferred Equity Outside Stock Equity	0.0	0.0	0.0	0.0	0.0
Total Non-Current Liabilities	3,679.0	3,350.7	2,576.6	2,387.2	3,235.9
Total Liabilities	4,353.8	3,930.9	3,672.4	3,227.4	4,317.1
Preferred Stock Equity	0.0	0.0	0.0	0.0	0.0
Common Stock Equity	823.5	850.8	1,051.9	1,360.2	1,656.6
Common Par	0.7	0.7	0.8	0.8	0.8
Additional Paid-In Capital	1,163.5	1,169.2	1,202.6	1,222.2	1,243.1
Cumulative Translation Adjustments	196.6	0.0	0.0	0.0	0.0
Retained Earnings	-543.3	-522.2	-282.8	128.5	428.4
Treasury Stock	-1.4	-1.4	-1.4	-1.4	-1.4
Other Equity Adjustments	7.4	204.5	132.7	10.1	-14.3
Total Capitalization	3,543.8	3,284.9	2,747.2	2,797.4	3,854.7
Total Equity	823.5	850.8	1,051.9	1,360.2	1,656.6
Total Liabilities & Stock Equity	5,177.3	4,781.7	4,724.3	4,587.6	5,973.7
*
Cash Flow	-319.9	308.2	510.3	719.1	671.5
Working Capital	987.5	766.7	522.8	695.0	1,585.3
Free Cash Flow	-154.1	209.1	296.0	168.5	-42.5
Invested Capital	3,543.8	3,284.9	2,747.2	2,797.4	3,854.7
*
Shares Out (Common Class Only)	74.1	74.2	75.9	76.9	78.5
Preferred Shares	0.0	0.0	0.0	0.0	0.0
Total Ordinary Shares	0.0	0.0	0.0	0.0	0.0
Total Common Shares Out	74.1	74.2	75.9	76.9	78.5
Treasury Shares	0.1	0.1	0.1	0.1	0.1
Basic Weighted Shares	74.0	74.1	75.0	76.6	77.7
Diluted Weighted Shares	74.0	74.9	78.1	79.9	79.9
Number Of Employees	10200	9500	9600	9700	10200