SEC Info - Alcon Inc - 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (7): ____

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ______

This Report of Foreign Private Issuer on Form 6-K shall be incorporated by reference into the Registration Statement on Form S-8 filed with the Securities and Exchange Commission on April 24, 2002, the Registration Statement on Form S-8 filed with the Securities and Exchange Commission on October 25, 2002 and amended on December 12, 2003 and the Registration Statement on Form S-8 filed with the Securities and Exchange Commission on December 12, 2003.


		March 31,			December 31,
		2007			2006
Assets
Current assets:
Cash and cash equivalents	$	1,496.2		$	1,489.2
Short term investments		264.1			321.0
Trade receivables, net		1,000.5			912.8
Inventories		488.4			473.8
Deferred income tax assets		130.3			122.5
Other current assets		143.3			142.8

Total current assets		3,522.8			3,462.1

Long term investments		50.1			91.1
Property, plant and equipment, net		912.0			920.7
Intangible assets, net		75.3			95.2
Goodwill		553.6			553.2
Long term deferred income tax assets		256.0			235.7
Other assets		70.0			69.3

Total assets	$	5,439.8		$	5,427.3

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	193.6		$	168.9
Short term borrowings		907.6			926.5
Current maturities of long term debt		1.4			5.8
Other current liabilities		721.8			899.9

Total current liabilities		1,824.4			2,001.1

Long term debt, net of current maturities		48.6			49.0
Long term deferred income tax liabilities		10.2			10.1
Other long term liabilities		584.0			453.5
Contingencies
Shareholders' equity:
Common shares, par value CHF 0.20 per share, 336,975,000
shares authorized; 318,505,157 shares issued and
299,147,647 shares outstanding at March 31, 2007;
317,343,982 shares issued and 301,182,404 shares
outstanding at December 31, 2006		44.0			43.9
Additional paid-in capital		1,169.7			1,064.5
Accumulated other comprehensive income		138.5			127.3
Retained earnings		3,578.2			3,201.9
Treasury shares, at cost; 19,357,510 shares at March 31, 2007
and 16,161,578 shares at December 31, 2006		(1,957.8	)		(1,524.0	)

Total shareholders' equity		2,972.6			2,913.6

Total liabilities and shareholders' equity	$	5,439.8		$	5,427.3

See accompanying notes to condensed consolidated financial statements.

	Three months ended March 31,
		2007			2006

Sales	$	1,322.7		$	1,157.1
Cost of goods sold		349.0			288.2

Gross profit		973.7			868.9

Selling, general and administrative		417.1			386.7
Research and development		133.5			119.3
Amortization of intangibles		20.0			20.5

Operating income		403.1			342.4

Other income (expense):
Gain (loss) from foreign currency, net		3.0			(1.9	)
Interest income		19.9			18.8
Interest expense		(9.8	)		(12.5	)
Other, net		7.9			7.3

Earnings before income taxes		424.1			354.1

Income taxes		77.9			58.4

Net earnings	$	346.2		$	295.7


Basic earnings per common share	$	1.16		$	0.96

Diluted earnings per common share	$	1.14		$	0.95

Basic weighted average common shares		299,708,952			306,487,627

Diluted weighted average common shares		303,733,106			311,647,291

See accompanying notes to condensed consolidated financial statements.

	Three months ended March 31,
		2007			2006

Cash provided by operating activities:
Net cash from operating activities	$	342.9		$	267.6
Cash provided by (used in) investing activities:
Purchases of property, plant and equipment		(33.4	)		(36.4	)
Purchases of intangible assets		(0.1	)		--
Purchases of available-for-sale investments		(7.5	)		(155.6	)
Proceeds from sales and maturities of available-for-sale investments		112.0			130.2
Other		0.6			0.1

Net cash from investing activities		71.6			(61.7	)

Cash provided by (used in) financing activities:
Net proceeds from (repayment of) short term debt		(30.1	)		(110.8	)
Repayment of long term debt		(5.1	)		(4.8	)
Acquisition of treasury shares		(503.2	)		(64.0	)
Proceeds from exercise of stock options		87.6			24.1
Tax benefits from share-based payment arrangements		41.8			34.4

Net cash from financing activities		(409.0	)		(121.1	)

Effect of exchange rates on cash and cash equivalents		1.5			5.9

Net increase in cash and cash equivalents		7.0			90.7
Cash and cash equivalents, beginning of period		1,489.2			1,457.2

Cash and cash equivalents, end of period	$	1,496.2		$	1,547.9

Supplemental disclosure of cash flow information:
Cash paid during the period for the following:

Interest expense, net of amount capitalized	$	10.1		$	11.2

Income taxes	$	64.0		$	52.3


See accompanying notes to condensed consolidated financial statements.

Alcon Inc. ("Alcon"), a Swiss corporation, is a majority owned subsidiary of Nestlé S.A. ("Nestlé"), which owns 230,250,000 common shares of Alcon.

The interim condensed consolidated financial statements of Alcon and its subsidiaries (collectively, the "Company") are unaudited. Amounts presented at December 31, 2006 are based on the audited consolidated fi

Alcon Inc · 6-K · For 4/26/07

Filed On 4/26/07 9:37am ET · SEC File 1-31269 · Accession Number 1167379-7-40

Report of a Foreign Private Issuer · Form 6-K
Filing Table of Contents

6-K · Report of a Foreign Private Issuer

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Alcon Inc · 6-K · For 4/26/07

Filed On 4/26/07 9:37am ET · SEC File 1-31269 · Accession Number 1167379-7-40

Report of a Foreign Private Issuer · Form 6-KFiling Table of Contents

6-K · Report of a Foreign Private Issuer

This is an EDGAR HTML document rendered as filed. [ Alternative Formats ]

Report of a Foreign Private Issuer · Form 6-K
Filing Table of Contents