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461 lines
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461 lines
24 KiB
Text
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Phrack Seventeen
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07 April 1988
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File 2 of 12 : Dun & Bradstreet Report on AT&T
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AT&T Credit File, taken from Dun & Bradstreet by Elric of Imrryr
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DUN'S FINANCIAL RECORDS
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COPYRIGHT (C) 1987
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DUN & BRADSTREET CREDIT SERVICE
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Name & Address:
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AMERICAN TELEPHONE AND TELEGRAPH Trade-Style Name:
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550 Madison Ave AT & T
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NEW YORK, NY 10022
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Telephone: 212-605-5300
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DUNS Number: 00-698-0080
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Line of Business: TELECOMMUNICATIONS SVCS TELE
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Primary SIC Code: 4811
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Secondary SIC Codes: 4821 3661 3357 3573 5999
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Year Started: 1885 (12/31/86) COMBINATION FISCAL
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Employees Total: 317,000 Sales: 34,087,000,000
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Employees Here: 1,800 Net Worth: 14,462,000,000
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This is a PUBLIC company
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12/31/86 COMBINATION FISCAL
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(Figures are in THOUSANDS)
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FINANCIALS % COMPANY INDST
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COMPANY CHANGE % NORM %
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Cash. . . . . . . . . . . . . 2,602,000 17.5 6.7 9.0
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Accounts Receivable . . . . . 7,820,000 (13.1) 20.1 5.7
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Notes Receivable. . . . . . . ---- ---- ---- 0.2
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Inventory . . . . . . . . . . 3,519,000 (26.1) 9.1 1.3
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Other Current Assets. . . . . 1,631,000 72.0 4.2 5.8
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Total Current Assets. . . . . 15,572,000 (8.0) 40.0 22.0
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Fixed Assets. . . . . . . . . 21,078,000 (4.7) 54.2 35.6
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Other Non-current Assets. . . 2,233,000 55.9 5.7 42.4
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Total Assets. . . . . . . . . 38,883,000 (3.9) 100.0 100.0
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Accounts Payable. . . . . . . 4,625,000 (6.4) 11.9 4.2
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Bank Loans. . . . . . . . . . ---- ---- ---- 0.2
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Notes Payable . . . . . . . . ---- ---- ---- 1.0
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Other Current Liabilities . . 6,592,000 0.8 17.0 6.2
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Total Current Liabilities . . 11,217,000 (2.4) 28.8 11.6
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Other Long Term Liab. . . . . 13,204,000 38.2 34.0 46.8
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Deferred Credits. . . . . . . ---- ---- ---- 6.4
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Net Worth . . . . . . . . . . 14,462,000 (1.2) 37.2 35.2
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Total Liabilities & Worth. . 38,883,000 (3.9) 100.0 100.0
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Net Sales . . . . . . . . . . 34,087,000 (2.4) 100.0 100.0
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Gross Profit. . . . . . . . . 15,838,000 ---- 46.5 40.1
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Net Profit After Tax. . . . . 139,000 (91.1) 0.4 15.3
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Dividends/Withdrawals . . . . 1,371,000 (0.9) 4.0 7.7
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Working Capital . . . . . . . 4,355,000 (19.8) ---- ----
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RATIOS % ---INDUSTRY QUARTILES---
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COMPANY CHANGE UPPER MEDIAN LOWER
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(SOLVENCY)
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Quick Ratio . . . . . . . . . 0.9 (10.0) 2.9 1.2 0.6
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Current Ratio . . . . . . . . 1.4 (6.7) 4.9 2.2 1.0
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Curr Liab to Net Worth (%). . 77.6 (1.1) 13.2 26.4 38.1
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Curr Liab to Inventory (%). . 318.8 32.1 244.8 475.8 675.0
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Total Liab to Net Worth (%) . 168.9 (4.3) 127.4 180.2 297.2
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Fix Assets to Net Worth (%) . 145.7 (3.6) 144.9 215.0 263.0
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(EFFICIENCY)
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Coll Period (days). . . . . . 83.7 (11.1) 31.9 46.7 61.6
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Sales to Inventory. . . . . . 9.7 32.9 56.2 33.8 20.0
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Assets to Sales (%) . . . . . 114.1 (1.6) 210.5 266.1 373.4
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Sales to Net Working Cap. . . 7.8 21.9 6.3 2.3 1.1
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Acct Pay to Sales (%) . . . . 13.6 (4.2) 4.9 8.7 13.8
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(PROFITABILITY)
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Return on Sales (%) . . . . . 0.4 (91.1) 20.1 14.6 11.3
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Return on Assets (%). . . . . 0.4 (89.5) 7.2 5.7 3.7
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Return on Net Worth (%) . . . 1.0 (90.6) 19.0 15.9 12.8
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Industry norms based on 469 firms,
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with assets over $5 million.
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12/31/85 COMBINATION FISCAL
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(Figures are in THOUSANDS)
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FINANCIALS % COMPANY INDST
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COMPANY CHANGE % NORM %
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Cash. . . . . . . . . . . . . 2,213,700 3.4 5.5 7.5
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Accounts Receivable . . . . . 8,996,100 (4.0) 22.2 5.6
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Notes Receivable. . . . . . . ---- ---- ---- 0.4
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Inventory . . . . . . . . . . 4,759,300 (0.6) 11.8 1.2
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Other Current Assets. . . . . 948,500 (8.2) 2.3 5.1
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Total Current Assets. . . . . 16,917,600 (2.4) 41.8 19.8
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Fixed Assets. . . . . . . . . 22,112,900 5.2 54.7 39.2
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Other Non-current Assets. . . 1,432,000 (3.2) 3.5 41.0
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Total Assets. . . . . . . . . 40,462,500 1.6 100.0 100.0
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Accounts Payable. . . . . . . 4,942,800 (11.4) 12.2 4.9
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Bank Loans. . . . . . . . . . ---- ---- ---- 0.3
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Notes Payable . . . . . . . . 2,100 ---- ---- 0.8
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Other Current Liabilities . . 6,542,600 15.5 16.2 5.9
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Total Current Liabilities . . 11,487,500 2.2 28.4 11.9
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Other Long Term Liab. . . . . 9,553,200 2.7 23.6 46.8
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Deferred Credits. . . . . . . 4,788,500 18.9 11.8 6.8
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Net Worth . . . . . . . . . . 14,633,300 (4.1) 36.2 34.5
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Total Liabilities & Worth. . 40,462,500 1.6 100.0 100.0
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Net Sales . . . . . . . . . . 34,909,500 5.2 100.0 100.0
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Gross Profit. . . . . . . . . ---- ---- ---- 33.7
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Net Profit After Tax. . . . . 1,556,800 13.6 4.5 14.0
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Dividends/Withdrawals . . . . 1,382,900 3.7 4.0 13.0
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Working Capital . . . . . . . 5,430,100 (10.8) ---- ----
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RATIOS % ---INDUSTRY QUARTILES---
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COMPANY CHANGE UPPER MEDIAN LOWER
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(SOLVENCY)
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Quick Ratio . . . . . . . . . 1.0 ---- 2.5 1.1 0.6
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Current Ratio . . . . . . . . 1.5 ---- 3.8 1.9 0.9
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Curr Liab to Net Worth (%). . 78.5 6.5 15.8 29.4 43.9
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Curr Liab to Inventory (%). . 241.4 2.8 285.7 485.5 790.6
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Total Liab to Net Worth (%) . 176.5 9.6 134.4 190.1 320.9
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Fix Assets to Net Worth (%) . 151.1 9.7 148.4 219.0 289.5
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(EFFICIENCY)
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Coll Period (days). . . . . . 94.1 (8.7) 31.5 47.2 63.8
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Sales to Inventory. . . . . . 7.3 5.8 52.3 31.4 18.0
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Assets to Sales (%) . . . . . 115.9 (3.4) 217.1 277.8 356.8
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Sales to Net Working Cap. . . 6.4 16.4 6.0 2.7 1.6
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Acct Pay to Sales (%) . . . . 14.2 (15.5) 6.1 10.4 15.7
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(PROFITABILITY)
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Return on Sales (%) . . . . . 4.5 9.8 19.0 13.6 9.5
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Return on Assets (%). . . . . 3.8 11.8 6.9 5.3 3.4
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Return on Net Worth (%) . . . 10.6 17.8 19.7 15.8 12.7
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Industry norms based on 605 firms,
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with assets over $5 million.
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12/31/84 COMBINATION FISCAL
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(Figures are in THOUSANDS)
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FINANCIALS COMPANY INDST
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COMPANY % NORM %
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Cash. . . . . . . . . . . . . 2,139,900 5.4 6.6
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Accounts Receivable . . . . . 9,370,800 23.5 6.3
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Notes Receivable. . . . . . . ---- ---- 0.4
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Inventory . . . . . . . . . . 4,789,200 12.0 1.2
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Other Current Assets. . . . . 1,033,100 2.6 4.1
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Total Current Assets. . . . . 17,333,000 43.5 18.6
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Fixed Assets. . . . . . . . . 21,015,000 52.8 45.0
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Other Non-current Assets. . . 1,478,600 3.7 36.4
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Total Assets. . . . . . . . . 39,826,600 100.0 100.0
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Accounts Payable. . . . . . . 5,580,300 14.0 5.2
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Bank Loans. . . . . . . . . . ---- ---- 0.2
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Notes Payable . . . . . . . . ---- ---- 1.0
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Other Current Liabilities . . 5,663,300 14.2 5.5
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Total Current Liabilities . . 11,243,600 28.2 11.9
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Other Long Term Liab. . . . . 9,300,200 23.4 47.8
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Deferred Credits. . . . . . . 4,026,000 10.1 6.5
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Net Worth . . . . . . . . . . 15,256,800 38.3 33.8
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Total Liabilities & Worth. . 39,826,600 100.0 100.0
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Net Sales . . . . . . . . . . 33,187,500 100.0 100.0
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Gross Profit. . . . . . . . . 16,436,200 49.5 28.1
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Net Profit After Tax. . . . . 1,369,900 4.1 14.1
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Dividends/Withdrawals . . . . 1,333,800 4.0 7.3
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Working Capital . . . . . . . 6,089,400 ---- ----
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RATIOS ---INDUSTRY QUARTILES---
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COMPANY UPPER MEDIAN LOWER
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(SOLVENCY)
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Quick Ratio . . . . . . . . . 1.0 2.3 1.0 0.6
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Current Ratio . . . . . . . . 1.5 3.4 1.6 0.9
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Curr Liab to Net Worth (%). . 73.7 17.7 30.6 43.5
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Curr Liab to Inventory (%). . 234.8 312.5 491.6 754.3
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Total Liab to Net Worth (%) . 161.0 139.2 193.7 314.9
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Fix Assets to Net Worth (%) . 137.7 161.5 228.9 295.3
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(EFFICIENCY)
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Coll Period (days). . . . . . 103.1 34.3 51.6 67.8
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Sales to Inventory. . . . . . 6.9 52.1 32.6 20.1
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Assets to Sales (%) . . . . . 120.0 216.7 268.2 353.0
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Sales to Net Working Cap. . . 5.5 7.2 3.1 1.7
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Acct Pay to Sales (%) . . . . 16.8 6.2 10.9 15.4
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(PROFITABILITY)
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Return on Sales (%) . . . . . 4.1 18.5 13.1 9.8
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Return on Assets (%). . . . . 3.4 7.0 5.3 3.3
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Return on Net Worth (%) . . . 9.0 19.7 15.7 12.6
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Industry norms based on 504 firms,
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with assets over $5 million.
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END OF DOCUMENT
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Name & Address:
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AMERICAN TELEPHONE AND Trade-Style Name:
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550 Madison Ave At & T
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NEW YORK, NY 10022
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Telephone: 212-605-5300
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DUNS Number: 00-698-0080
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Line of Business: TELECOMMUNICATIONS SVCS TELE
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Primary SIC Code: 4811
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Secondary SIC Codes: 4821 3661 3357 3573 5999
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Year Started: 1885 (12/31/86) COMBINATION FISCAL
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Employees Total: 317,000 Sales: 34,087,000,000
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Employees Here: 1,800 Net Worth: 14,462,000,000
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This is a PUBLIC company
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HISTORY
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04/20/87
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JAMES E. OLSON, CHB-CEO+ ROBERT E. ALLEN, PRES-COO+
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RANDALL L TOBIAS, V CHM+ CHARLES MARSHALL, V CHM+
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MORRIS TANENBAUM, V CHM+ S. LAWRENCE PRENDERGAST, V PRES-
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TREAS
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C. PERRY COLWELL, V PRES-
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CONTROLLER
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DIRECTOR(S): The officers identified by (+) and Howard H. Baker Jr,
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James H. Evans, Peter F. Haas, Philip M. Hawley, Edward G. Jefferson,
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Belton K. Johnson, Juanita M. Kreps, Donald S. Perkins, Henry B.
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Schacht, Michael I. Sovern, Donald F. McHenry, Rawleigh Warner Jr,
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Joseph D. Williams and Thomas H. Wyman.
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Incorporated New York Mar 3 1885.
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Authorized capital consists of 1,200,000,000 shares common stock $1
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par value and 100,000,000 shares preferred stock $1 par value.
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Outstanding Capital Stock at Feb 28 1987: 1,071,904,000 common
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shares and at Dec 31 1986 preferred stock outstanding consisted of
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redeemable preferred shares composed of 8,500,000 shares of $3.64
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preferred stated value $50; 8,800,000 shares of $3.74 preferred, stated
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value $50 and 25,500 shares of $77.50 preferred, stated value $1,000.
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Business started 1885.
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The company's common stock is listed on the New York, Boston,
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Midwest, Philadelphia and Pacific Coast Stock Exchanges under the symbol
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"ATT". At Dec 31 1986 there were 2,782,102 common shareholders. At Jan 1
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1986 officers and directors as a group owned less than 1% of the
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outstanding common stock with the remainder owned by the public.
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OLSON, born 1925. 1950 Univ of North Dakota, BSC. Also attended
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Univ of Pennsylvania. 1943-1946 United States Army Air Force. 1960-1970
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Northwestern Bell Telephone Co, V Pres-Gen Mgr. 1970-1974 Indiana Bell
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Telephone Co, Pres. 1974-1977 Illinois Bell Telephone Co, Pres. 1977 to
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date AT&T, 1979 V Chb-Dir; Jun 1985 President, 1986 CHM.
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MARSHALL, born 1929, married. 1951 Univ of Illinois, BS; also
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attended Bradley Univ; 1953-present AT&T; 1980 Asst Treas, 1976 Vice
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Pres-Treas; 1985 Exec Vice President, 1986 V-CHM.
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TANENBAUM, born 1928 married. 1949 Johns Hopkins Univ, BA
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chemistry. 1950 Princeton Univ, MA chemistry. 1952 PhD in physical
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chemistry. 1952 to date AT&T, various positions, 1985 Ex Vice Pres, 1986
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V-CHM.
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PRENDERGAST, born 1941 married. 1963 Brown Univ, BA. 1969 New York
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Univ, MBA. 1963-1973 Western Electric Company; 1973 to date AT&T, 1980
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Asst Treas, 1984 V Pres-Treas.
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COLWELL, born 1927. Attended AT&T Institute of Technology.
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1945-1947 U S Army. Employed by AT&T and its subsidiaries since 1948 in
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various positions. 1984 Vice Pres & Contr, AT&T Technologies Inc
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(subsidiary); 1985-present V Pres-Contr.
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ALLEN born 1935 married. 1957 Wabash College BA. Has held a
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vareity of executive position with former Bell Operating subsidiaries
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and AT&T subsidiaries. Appointed to current position in 1986.
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TOBIAS born 1943. 1964 Indiana University with a BS in Marketing.
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Has held a variety of management and executive positions with former
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Bell Operating subsidiaries and AT&T subsidiaries. Elected to current
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position in 1986.
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OTHER OFFICERS: James R. Billingsley, Sr V Pres Federal
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Regulation; Michael Brunner, Ex V Pres Federal Systems; Harold
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Burlingame, Sr V Pres Public Relations and Employee Information;
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Vittorio Cassoni, Sr V Pres Data Systems Division; Richard Holbrook, Sr
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V Pres Business Sales; Robert Kavner, Sr V Pres & CFO; Gerald Lowrie, Sr
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V Pres Public Affairs; John Nemecek, Ex V Pres Components & Electronic
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Systems; John O'Neill, Ex V Pres National Systems Products; Alfred
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Partoll, Sr V Pres External Affairs; John Segall, Sr V Pres Corporate
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Strategy & Development; Alexander Stack, Sr V Pres Communications
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Systems; Paul Villiere, Ex V Pres Network Systems Marketing and Customer
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Operations; John Zegler, Sr V Pres and General Counsel; and Lydell
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Christensen, Corp V Pres and Secretary.
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DIRECTORS: MCHENRY, research professor, Georgetown University.
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BAKER JR, partner, Vinson & Elkins and Baker, Worthington, Crossley,
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Stansberry & Woolf, attorneys. EVANS, former Chairman, Union Pacific
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Corporation. HAAS, Chairman, Levi Strauss & Company. HAWLEY, Chairman,
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Carter Hawley Hale Stores Inc. JEFFERSON, former Chairman, E.I. du Pont
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de Nemours and Company. JOHNSON, private investor and owner of The
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Chaparrosa Ranch. KREPS, former United States Secretary of Commerce.
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PERKINS, former Chairman, Jewel Companies Inc. SCHACHT, Chairman,
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Cummins Engine Company Inc. SOVERN, President, Columbia University.
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WARNER JR, former Chairman, Mobil Corporation. WILLIAMS, Chairman,
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Warner Lambert Company. WYMAN, former Chairman, CBS Inc.
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As a result of an antitrust action entered against American
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Telephone and Telegraph Company (AT&T) by the Department of Justice,
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AT&T agreed in Jan 1982 to break up its holdings. In Aug 1982, the U. S.
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District Court-District of Columbia, entered a consent decree requiring
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AT&T to divest itself of portions of its operations.
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The operations affected consisted of exchange telecommunications,
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exchange access functions, printed directory services and cellular radio
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telecommunications services. AT&T retained ownership of AT&T
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Communications Inc, AT&T Technologies Inc, Bell Telephone Laboratories
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Incorporated, AT&T Information Systems Inc, AT&T International Inc and
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those portions of the 22 Bell System Telephone Company subsidiaries
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which manufactured new customer premises equipment. The consent decree,
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with modifications, was agreed to by AT&T and the U. S. Department of
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Justice and approved by the U. S. Supreme Court in Feb 1983. In Dec
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1982, AT&T filed a plan of reorganization, outlining the means of
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compliance with the divestiture order. The plan was approved by the
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court in Aug 1983
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The divestiture completed on Jan 1 1984, was accomplished by the
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reorganization of the 22 principal AT&T Bell System Telephone Company
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subsidiaries under 7 new regional holding companies. Each AT&T common
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shareowner of record as of Dec 10 1983 received 1 share of common stock
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in each of the newly formed corporations for every 10 common shares of
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AT&T. AT&T common shareowners retained their AT&T stock ownership.
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The company has an ownership interest in certain ventures to
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include:
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(1) Owns 22% of the voting stock of Ing C. Olivetti & C., S.p.A. of
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Milan, Italy with which the company develops and markets office
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automation products in Europe.
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(2) Owns 50% of a joint venture with the N. V. Philips Company of
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the Netherlands organized to manufacture and market switching and
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transmission systems in Europe and elsewhere.
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(3) Owns 44% of a joint venture with the Goldstar Group of the
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Republic of Korea which manufactures switching products and distributes
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the company's 3B Family of Computers in Korea.
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The company also maintain stock interests in other concerns.
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In addition to joint venture activities described above,
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intercompany relations have also included occasional advances from
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subject.
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OPERATION
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04/20/87
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Through subsidiaries, provides intrastate, interstate and
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international long distance telecommunications and information transport
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services, a broad range of voice and data services including, Domestic
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and Long Distance Service, Wide Area Telecommunications Services (WATS),
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800 Service, 900 Dial It Services and a series of low, medium and high
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speed digital voice and data services known as Accunet Digital Services.
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Also manufactures telephone communications equipment and apparatus,
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communications wire and cable, computers for use in communications
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systems, as well as for general purposes, retails and leases telephone
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communications equipment and provides research and development in
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information and telecommunications technology. The company is subject to
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the jurisdiction of the Federal Communications Commission with respect
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to interstate and international rates, lines, services and other
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matters. Terms: Net 30, cash and contract providing for progress
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payments with final payment upon completion. The company's AT&T
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Communications Inc subsidiary provides interstate and intrastate long
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distance communications services for 80 million residential customers
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and 7 million businesses. Sells to a wide variety of businesses,
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government agencies, individuals and others. Nonseasonal.
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EMPLOYEES: 317,000 including officers. 1,800 employed here.
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FACILITIES: Owns premises in multi story steel building in good
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condition. Premises neat.
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LOCATION: Central business section on main street.
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BRANCHES: The company's subsidiaries operate 19 major manufacturing
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plants located throughout the United States containing a total 26.2
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million square feet of space of which 1.49 million square feet were in
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leased premises. There are 7 regional centers and 24 distribution
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|
centers. In addition, there are numerous domestic and foreign branch
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offices.
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SUBSIDIARIES: The company had numerous subsidiaries as of Dec 31
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1986. Subsidiaries perform the various services and other functions
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|
described above. Its unconsolidated finance subsidiary, AT&T Credit
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Corporation, provides financing to customers through leasing and
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|
installment sales programs and purchases from AT&T's subsidiaries the
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rights to receivables under long-term service agreements. Intercompany
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|
relations consists of parent making occasional advances to subsidiaries
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|
and service transactions settled on a convenience basis. A list of
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|
principal subsidiaries as of Dec 31 1986 is on file at the Millburn, NJ
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|
office of Dun & Bradstreet.
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08-27(9Z0 /61) 00703 001 678 NH
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Chemical Bank, 277 Park Ave; Marine Midland Bank, 140 Broadway; Chase
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Manhattan Bank, 1 Chase Manhattan Plaza
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|
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|
12/31/86 COMBINATION FISCAL
|
|
(Figures are in THOUSANDS)
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|
|
|
FINANCIALS % COMPANY INDST
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|
COMPANY CHANGE % NORM %
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|
Total Current Assets. . . . . 15,572,000 (8.0) 40.0 22.0
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|
Fixed Assets. . . . . . . . . 21,078,000 (4.7) 54.2 35.6
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|
Other Non-current Assets. . . 2,233,000 55.9 5.7 42.4
|
|
Total Assets. . . . . . . . . 38,883,000 (3.9) 100.0 100.0
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|
Total Current Liabilities . . 11,217,000 (2.4) 28.8 11.6
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|
Other Long Term Liab. . . . . 13,204,000 38.2 34.0 46.8
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|
Net Worth . . . . . . . . . . 14,462,000 (1.2) 37.2 35.2
|
|
Total Liabilities & Worth. . 38,883,000 (3.9) 100.0 100.0
|
|
Net Sales . . . . . . . . . . 34,087,000 (2.4) 100.0 100.0
|
|
Gross Profit. . . . . . . . . 15,838,000 ---- 46.5 40.1
|
|
|
|
RATIOS % ---INDUSTRY QUARTILES---
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|
|
|
COMPANY CHANGE UPPER MEDIAN LOWER
|
|
Quick Ratio . . . . . . . . . 0.9 (10.0) 2.9 1.2 0.6
|
|
Current Ratio . . . . . . . . 1.4 (6.7) 4.9 2.2 1.0
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|
Total Liab to Net Worth (%) . 168.9 (4.3) 127.4 180.2 297.2
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|
Sales to Inventory. . . . . . 9.7 32.9 56.2 33.8 20.0
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|
Return on Sales (%) . . . . . 0.4 (91.1) 20.1 14.6 11.3
|
|
Return on Assets (%). . . . . 0.4 (89.5) 7.2 5.7 3.7
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|
Return on Net Worth (%) . . . 1.0 (90.6) 19.0 15.9 12.8
|
|
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|
Industry norms based on 469 firms,
|
|
with assets over $5 million.
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|
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End_of_File.
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