01—Abstract
Summary
Summary of the 10-K/A filed March 22, 2006. Cited figures are marked; the original filing is the authoritative source.
Amphenol Corporation's (APH) 2005 10-K amendment primarily serves to include the electronic signature of its independent registered public accounting firm, Deloitte and Touche LLP, for their audit reports.
The filing confirms the accuracy of the consolidated financial statements for the year ended December 31, 2005, and the effectiveness of the company's internal controls over financial reporting as of that date. Investors can view this as a procedural update, with no new material financial information being introduced in this amendment, but it reaffirms the previously reported financial health and control environment. The report indicates that Amphenol Corporation is a large accelerated filer, underscoring its significant market presence and financial reporting maturity.
The company's market capitalization, as of June 30, 2005, was approximately $3.56 billiona, with over 90 million shares outstanding at year-end 2005. The amendment also notes the acquisition of Amphenol TCS on December 1, 2005, which constituted a small percentage of the company's total assets, revenues, and net income for the year, and management excluded its internal controls from their assessment for the reporting period.
02—Key points
Key Highlights
- The 10-K/A filing is an amendment primarily to add the electronic signature of the independent auditor (Deloitte and Touche LLP).
- The audit reports confirm the fair presentation of Amphenol Corporation's consolidated financial statements for the year ended December 31, 2005.
- The company maintained effective internal control over financial reporting as of December 31, 2005, according to both management's assessment and the auditor's opinion.
- Amphenol Corporation is classified as a large accelerated filer, indicating a significant public market presence.
- The aggregate market value of common stock held by non-affiliates was approximately $3.56 billion as of June 30, 2005.
- Total outstanding shares of common stock were 90,967,283 as of December 31, 2005.
- An acquisition of Amphenol TCS occurred on December 1, 2005, with its financial statements representing a minor portion of the consolidated figures for 2005.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 10-K/A filing?
The primary purpose of this amendment (10-K/A) is to formally include the electronic signature of Amphenol Corporation's independent registered public accounting firm, Deloitte and Touche LLP, to their audit reports on the company's financial statements and internal controls for the fiscal year ended December 31, 2005. This was due to an inadvertent printing error in the original filing.
Does this amendment introduce any new financial information or changes to previously reported results?
No, this amendment does not introduce new financial information or alter the previously reported financial results. It is a procedural update to ensure all necessary signatures and reports are properly attached to the filing. The core financial data and the auditor's opinions remain consistent with the initial 10-K filing.
What is the significance of the auditor's opinion on internal controls?
The auditor's opinion on internal controls provides investors with assurance that Amphenol Corporation has established and maintains effective processes to ensure the reliability of its financial reporting. The report states that management's assessment of these controls was fairly stated and that the controls were effective in all material respects as of December 31, 2005.
What is the impact of the Amphenol TCS acquisition on the financial statements?
Amphenol TCS was acquired on December 1, 2005. For the year ended December 31, 2005, its financial statements constituted a small percentage of Amphenol Corporation's consolidated figures (7% of total assets, 2% of revenues, and 0.2% of net income). Management excluded the internal controls of Amphenol TCS from their assessment for the reporting period, and consequently, the auditor's audit also excluded these specific internal controls.
04—Continue