SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Sigma Aldrich Corp – ‘10-K’ for 12/31/09 – ‘XML.R11’

On:  Wednesday, 2/10/10, at 4:55pm ET   ·   For:  12/31/09   ·   Accession #:  1193125-10-27258   ·   File #:  0-08135

Previous ‘10-K’:  ‘10-K’ on 2/27/09 for 12/31/08   ·   Next:  ‘10-K’ on 2/9/11 for 12/31/10   ·   Latest:  ‘10-K’ on 2/12/15 for 12/31/14

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/10/10  Sigma Aldrich Corp                10-K       12/31/09   46:4M                                     Donnelley … Solutions/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    243K 
 2: EX-3.(B)    By-Laws, as Amended                                 HTML    112K 
 3: EX-10.(S)   Summary Description of the Compensation of          HTML     49K 
                Non-Employee Directors                                           
 4: EX-10.(T)   Summary Description of the Compensation for the     HTML     40K 
                Executive Officers                                               
 5: EX-13       Pages 21-48 of the Annual Report to Shareholders    HTML    718K 
 6: EX-21       Subsidiaries of Registrant                          HTML     48K 
 7: EX-23       Consent of Independent Registered Public            HTML     16K 
                Accounting Firm                                                  
 8: EX-31.1     Certification of Chief Executive Officer            HTML     21K 
 9: EX-31.2     Certification of Chief Financial Officer            HTML     21K 
10: EX-32.1     CEO Certification Pursuant to 18 U.S.C. Section     HTML     16K 
                1350                                                             
11: EX-32.2     CFO Certification Pursuant to 18 U.S.C. Section     HTML     16K 
                1350                                                             
36: XML         IDEA XML File -- Definitions and References          XML     86K 
42: XML         IDEA XML File -- Filing Summary                      XML     62K 
40: XML.R1      Statement Of Income                                  XML    149K 
41: XML.R2      Statement Of Financial Position Classified           XML    268K 
25: XML.R3      Statement Of Financial Position Classified           XML     58K 
                (Parenthetical)                                                  
30: XML.R4      Statement Of Stockholders' Equity                    XML    611K 
34: XML.R5      Statement Of Stockholders' Equity (Parenthetical)    XML     39K 
33: XML.R6      Statement Of Cash Flows Indirect                     XML    344K 
45: XML.R7      Summary of Significant Accounting Policies           XML     34K 
21: XML.R8      Allowance for Doubtful Accounts                      XML     32K 
32: XML.R9      Inventories                                          XML     33K 
20: XML.R10     Intangible Assets                                    XML     54K 
19: XML.R11     Notes Payable                                        XML     46K 
24: XML.R12     Long-Term Debt                                       XML     45K 
38: XML.R13     Financial Derivatives and Risk Management            XML     29K 
26: XML.R14     Lease Commitments                                    XML     30K 
27: XML.R15     Restructuring Activities                             XML     43K 
31: XML.R16     Income Taxes                                         XML    107K 
46: XML.R17     Contingent Liabilities and Commitments               XML     33K 
23: XML.R18     Common Stock                                         XML     60K 
18: XML.R19     Company Operations by Business Unit                  XML     56K 
29: XML.R20     Pension and Other Post-Retirement Benefit Plans      XML    340K 
37: XML.R21     Earnings Per Share                                   XML     39K 
22: XML.R22     Share Repurchases                                    XML     27K 
35: XML.R23     Accumulated Other Comprehensive Income               XML     47K 
28: XML.R24     Subsequent Events                                    XML     27K 
44: XML.R25     Document Information                                 XML     36K 
39: XML.R26     Entity Information                                   XML    105K 
43: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    112K 
12: EX-101.INS  XBRL Instance -- sial-20091231                       XML    853K 
14: EX-101.CAL  XBRL Calculations -- sial-20091231_cal               XML    127K 
15: EX-101.DEF  XBRL Definitions -- sial-20091231_def                XML    303K 
16: EX-101.LAB  XBRL Labels -- sial-20091231_lab                     XML    297K 
17: EX-101.PRE  XBRL Presentations -- sial-20091231_pre              XML    379K 
13: EX-101.SCH  XBRL Schema -- sial-20091231                         XSD     53K 


‘XML.R11’   —   Notes Payable


This Financial Report is an XBRL XML File.


                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<InstanceReport xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xsd="http://www.w3.org/2001/XMLSchema">
<Version> 1.0.0.3 </Version>
<hasSegments> false </hasSegments>
<ReportName> NOTES PAYABLE </ReportName>
<RoundingOption/>
<Columns>
<Column>
<LabelColumn> false </LabelColumn>
<Id> 1 </Id>
<Labels>
<Label Id="1" Label="12 Months Ended"/>
<Label Id="2" Label="Dec. 31, 2009"/>
<Label Id="4" Label="USD / shares"/>
</Labels>
<CurrencySymbol> $ </CurrencySymbol>
<hasSegments> false </hasSegments>
<hasScenarios> false </hasScenarios>
<Segments/>
<Scenarios/>
<Units>
<Unit>
<UnitID> iso4217_USD </UnitID>
<UnitType> Standard </UnitType>
<StandardMeasure>
<MeasureSchema> http://www.xbrl.org/2003/iso4217 </MeasureSchema>
<MeasureValue> USD </MeasureValue>
<MeasureNamespace> iso4217 </MeasureNamespace>
</StandardMeasure>
<Scale> 0 </Scale>
</Unit>
<Unit>
<UnitID> iso4217_USD_per_shares </UnitID>
<UnitType> Divide </UnitType>
<NumeratorMeasure>
<MeasureSchema> http://www.xbrl.org/2003/iso4217 </MeasureSchema>
<MeasureValue> USD </MeasureValue>
<MeasureNamespace> iso4217 </MeasureNamespace>
</NumeratorMeasure>
<DenominatorMeasure>
<MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema>
<MeasureValue> shares </MeasureValue>
<MeasureNamespace/>
</DenominatorMeasure>
<Scale> 0 </Scale>
</Unit>
<Unit>
<UnitID> shares </UnitID>
<UnitType> Standard </UnitType>
<StandardMeasure>
<MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema>
<MeasureValue> shares </MeasureValue>
<MeasureNamespace/>
</StandardMeasure>
<Scale> 0 </Scale>
</Unit>
</Units>
</Column>
</Columns>
<Rows>
<Row>
<Id> 5 </Id>
<Label> NOTES PAYABLE </Label>
<Level> 3 </Level>
<ElementName> sial_NotesPayableDisclosureTextBlock </ElementName>
<ElementPrefix> sial </ElementPrefix>
<IsBaseElement> false </IsBaseElement>
<BalanceType> na </BalanceType>
<PeriodType> duration </PeriodType>
<ElementDataType> string </ElementDataType>
<ShortDefinition> Notes Payable Disclosure [Text Block] </ShortDefinition>
<IsReportTitle> false </IsReportTitle>
<IsSegmentTitle> false </IsSegmentTitle>
<IsSubReportEnd> false </IsSubReportEnd>
<IsCalendarTitle> false </IsCalendarTitle>
<IsTuple> false </IsTuple>
<IsAbstractGroupTitle> false </IsAbstractGroupTitle>
<IsBeginningBalance> false </IsBeginningBalance>
<IsEndingBalance> false </IsEndingBalance>
<IsEPS> false </IsEPS>
<Cells>
<Cell>
<Id> 1 </Id>
<ShowCurrencySymbol> false </ShowCurrencySymbol>
<IsNumeric> false </IsNumeric>
<NumericAmount> 0 </NumericAmount>
<RoundedNumericAmount> 0 </RoundedNumericAmount>
<NonNumbericText>
<div> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">NOTE 5: NOTES PAYABLE</font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Notes payable consists of the following at December 31, 2009 and 2008:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px">  </p> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="74%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1">  </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="4" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>December 31, 2009</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="4" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>December 31, 2008</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1">  </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Out-<br /> standing</b></font></td> <td valign="bottom"><font size="1">  </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Weighted<br /> Average<br /> Rate</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Out-<br /> standing</b></font></td> <td valign="bottom"><font size="1">  </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Weighted<br /> Average<br /> Rate</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Commercial paper</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>376.5</b></font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>0.2</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">378.7</font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">$200.0 European revolving credit facility, due March 13, 2014</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup></font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>  </b></font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>  </b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>  </b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">135.9</font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Sigma-Aldrich Korea limited credit facility, due June 11, 2009</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup></font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>  </b></font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>  </b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>  </b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.1</font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Other short-term credit facilities</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(4)</sup></font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>  </b></font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>  </b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>  </b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.2</font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td> </td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Total notes payable</b></font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>376.5</b></font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>0.2</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">521.9</font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Plus — current maturities of long-term debt</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>100.0</b></font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>7.7</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.9</font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td> </td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Total notes payable and current maturities of long-term debt</b></font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>476.5</b></font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.8</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">528.8</font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom">  </td> <td> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="4%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"><i>(1)</i></font></td> <td valign="top" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The Company has a $450.0 five-year revolving credit facility with a syndicate of banks in the U.S. that supports the Company’s commercial paper program. In October 2009, the Company received a one-year extension for a $30.0 portion of the facility which extends the maturity of the entire $450.0 to December 11, 2012. At December 31, 2009 and December 31, 2008, the Company did not have any borrowings outstanding under this facility. The syndicated facility contains financial covenants that require the maintenance of consolidated net worth of at least $750.0 and a ratio of consolidated debt to total capitalization of no more than 55%. The Company’s consolidated net worth and total consolidated debt as a percentage of total capitalization, as defined in the credit facility, were $1,538.2 and 27.3%, respectively, at December 31, 2009.</i></font></td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="4%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"><i>(2)</i></font></td> <td valign="top" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Facility contains financial covenants that require the maintenance of consolidated net worth of at least $750.0 and a ratio of consolidated debt to total capitalization of no more than 55.0%. The Company’s consolidated net worth and consolidated debt as a percentage of total capitalization, as defined in the respective agreement, were $1,538.2 and 27.3%, respectively, at December 31, 2009.</i></font></td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="4%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"><i>(3)</i></font></td> <td valign="top" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Although the reported borrowings of the facility were due and repaid on June 11, 2009, a total commitment of 20 billion Korean Won ($17.2) remains at December 31, 2009. There were no outstanding borrowings under this facility at December 31, 2009.</i></font></td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="4%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"><i>(4)</i></font></td> <td valign="top" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Although there were no borrowings under the facilities supporting this debt at December 31, 2009, the facilities are available to the Company with total commitments converted into U.S. Dollars of $25.1 at December 31, 2009.</i></font></td> </tr> </table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The Company has provided guarantees to financial institutions that are lending to certain subsidiaries for any outstanding borrowings from the European revolving credit facility and the short-term credit facility of the wholly-owned Korean subsidiary. There are no existing events of default that would require the Company to honor these guarantees.</font></p> </div>
</NonNumbericText>
<NonNumericTextHeader> NOTE 5: NOTES PAYABLE Notes payable consists of the following at December 31, 2009 and </NonNumericTextHeader>
<FootnoteIndexer/>
<hasSegments> false </hasSegments>
<hasScenarios> false </hasScenarios>
</Cell>
</Cells>
<ElementDefenition> Notes Payable Disclosure [Text Block] </ElementDefenition>
<ElementReferences> No authoritative reference available. </ElementReferences>
<IsTotalLabel> false </IsTotalLabel>
</Row>
</Rows>
<Footnotes/>
<ComparabilityReport> false </ComparabilityReport>
<NumberOfCols> 1 </NumberOfCols>
<NumberOfRows> 1 </NumberOfRows>
<HasScenarios> false </HasScenarios>
<MonetaryRoundingLevel> UnKnown </MonetaryRoundingLevel>
<SharesRoundingLevel> UnKnown </SharesRoundingLevel>
<PerShareRoundingLevel> UnKnown </PerShareRoundingLevel>
<HasPureData> false </HasPureData>
<SharesShouldBeRounded> true </SharesShouldBeRounded>
</InstanceReport>

Top
Filing Submission 0001193125-10-027258   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Mon., May 6, 11:02:34.1pm ET