 |
(Thousands
of Dollars Except Per Share Data) |
|
|
|
|
1996 |
|
|
1995 |
|
|
1994 |
| Fully
Diluted |
|
|
|
|
|
|
|
|
|
|
| Average shares
outstanding |
|
|
|
171,492,390 |
|
|
170,378,812 |
|
|
172,591,028 |
| Options --
treasury stock method |
|
|
|
1,766,388 |
|
|
1,272,556 |
|
|
1,159,848 |
| Assumed conversion
of 6.25% Convertible Subordinated Debentures |
|
|
|
|
|
|
7,942 |
|
|
141,740 |
| Average fully
diluted shares |
|
|
|
173,258,778
 |
|
|
171,659,310
|
|
|
173,892,616
|
|
|
|
|
|
|
|
|
|
|
|
| Net income |
|
|
$ |
229,157 |
|
$ |
200,654 |
|
$ |
186,571 |
| Add
6.25% Convertible Subordinated Debentures interest - net of tax (2) |
|
|
|
|
|
|
|
|
|
8 |
| Net income
applicable to fully diluted shares |
|
|
$ |
229,157
|
|
$ |
200,654
|
|
$ |
186,579
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income per share |
|
|
$ |
1.33
|
|
$ |
1.17
|
|
$ |
1.07
|
|
|
|
|
|
|
|
|
|
|
|
| Primary |
|
|
|
|
|
|
|
|
|
|
| Average shares
outstanding |
|
|
|
171,492,390 |
|
|
170,378,812 |
|
|
172,591,028 |
| Options --
treasury stock method |
|
|
|
1,408,386 |
|
|
1,107,734 |
|
|
1,132,444 |
| Average shares
and equivalents |
|
|
|
172,900,776
|
|
|
171,486,546
|
|
|
173,723,472
|
|
|
|
|
|
|
|
|
|
|
|
| Net income
applicable to shares and equivalents |
|
|
$ |
229,157
|
|
$ |
200,654
|
|
$ |
186,571
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income per share |
|
|
$ |
1.33
|
|
$ |
1.17
|
|
$ |
1.07
|
|
|
|
|
|
|
|
|
|
|
|
(1) All common share amounts
and per share data reflect the effect of the stock split described in Note
17 to the consolidated financial statements.
(2) All 6.25% Convertible
Subordinated Debentures outstanding at December 31, 1994 were converted
to common stock during the first quarter of 1995 without incurring further
interest. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign
Subsidiaries |
|
|
|
United
States Subsidiaries |
| Compañia
Sherwin-Williams, S.A. de C.V.* |
|
|
|
Contract
Transportation Systems Co. |
| Distribuidora
Excelo, S.A. de C.V. |
|
|
|
DIMC,
Inc. |
| Industria Quimica
Elgin Ltda. |
|
|
|
Dupli-Color
Products Company |
| Lazzuril Tintas
S/A Corporation |
|
|
|
INCO
International Company |
| Pinturas Excelo,
S.A. de C.V. |
|
|
|
Rubberset
Company |
| Productos Quimicos
y Pinturas, S.A. de C.V. |
|
|
|
Sherwin-Williams
Automotive Finishes Corp. |
| Proquipsa, S.A.
de C.V. |
|
|
|
Sherwin-Williams
Diversified Brands, Inc. |
| Quetzal Pinturas,
S.A. de C.V. |
|
|
|
SWIMC,
Inc. |
| Sherwin-Williams
Argentina I.y C.S.A.* |
|
|
|
The
Sherwin-Williams Acceptance Corporation |
| Sherwin-Williams
do Brasil Industria e Comercio Ltda. |
|
|
|
|
|
|
|
|
|
|
| Sherwin-Williams
Canada Inc. |
|
|
|
|
|
|
|
|
|
|
| Sherwin-Williams
Cayman Islands Limited* |
|
|
|
|
|
|
|
|
|
|
| Sherwin-Williams
Chile S.A.* |
|
|
|
|
|
|
|
|
|
|
| Sherwin-Williams
Foreign Sales Corporation Limited |
|
|
|
|
|
|
|
|
|
|
| Sherwin-Williams
(Caribbean) N.V. |
|
|
|
|
|
|
|
|
|
|
| Sherwin-Williams
(West Indies), Limited |
|
|
|
|
|
|
|
|
|
|
| The Sherwin-Williams
Company Resources Limited |
|
|
|
|
|
|
|
|
|
|
| 147926 Canada
Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| *Unconsolidated |
|
|
|
|
|
|
|
|
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|
© Copyright 1998
The Sherwin-Williams Company
|
