01—Abstract
Summary
Summary of the 10-K/A filed March 19, 2010. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment to Curtiss-Wright Corporation's (CW) 2009 Form 10-K, filed on March 19, 2010.
It primarily serves to provide a comprehensive list of exhibits and financial statement schedules that were part of the original 10-K filed on February 24, 2010. Investors reviewing this amendment should understand that it does not introduce new financial data or operational updates but rather serves as a detailed index of supporting documents, including key agreements, incentive plans, and certifications related to the fiscal year ended December 31, 2009. The listed exhibits encompass a wide range of corporate governance documents, material contracts, and compensation arrangements.
This includes merger agreements, certificates of incorporation, by-laws, various incentive and retirement plans, stock plans, severance agreements, and credit agreements. The amendment also confirms the inclusion of the company's subsidiaries and the independent auditor's consent, along with required Sarbanes-Oxley certifications from the CEO and CFO.
02—Key points
Key Highlights
- The filing is an amendment (10-K/A) to the previously filed 2009 annual report, primarily detailing exhibits and financial statement schedules.
- It confirms that the core financial statements (Statements of Earnings, Balance Sheets, Cash Flows, Shareholders' Equity) and notes were included in the original 10-K.
- A comprehensive list of exhibits is provided, referencing various material agreements, corporate governance documents, and incentive compensation plans.
- Key exhibits include merger agreements, stock plans, retirement plans, severance agreements, and credit agreements, indicating the company's structured approach to its operations and employee compensation.
- The amendment includes Sarbanes-Oxley required certifications from the CEO and CFO, confirming the accuracy of the financial reporting for the period.
- It references the list of subsidiaries and the consent of the independent registered public accounting firm.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2009, Curtiss Wright Corp kept $0.05.
- Revenue$1.81B100.0%
- Cost of revenue−$1.21B67.1%
- Gross profit$595.5M32.9%
- Operating costs−$426.2M23.6%
- Operating income$169.3M9.4%
- Interest, other & tax−$74.1M4.1%
- Net income$95.2M5.3%
Where FY2009 revenue went
$1.81B- Cost of revenue: $1.21B, 67% of revenue
- Other operating costs: $371.6M, 21% of revenue
- Net income: $95.2M, 5.3% of revenue
- R&D: $54.6M, 3.0% of revenue
- Interest, other & tax: $74.1M, 4.1% of revenue
Kept 5.3% as net incomeNet income $95.2M · 5.3%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2009filed March 19, 2010Financial Statements
FY2009 against FY2008
| Line item | FY2009FY2008 | Change |
|---|---|---|
| Revenue | $1.81B$1.83B | −1.1% |
| Cost of Revenue | $1.21B$1.21B | 0.0% |
| Gross Profit | $595.53M$616.08M | −3.3% |
| R&D Expenses | $54.65M$49.62M | +10.1% |
| Operating Income | $169.32M$196.56M | −13.9% |
| Interest Expense | $25.07M$29.05M | −13.7% |
| Net Income | $95.22M$109.39M | −13.0% |
| EPS (Basic) | $2.10$2.45 | −14.3% |
| EPS (Diluted) | $2.08$2.41 | −13.7% |
| Shares Outstanding (Basic) | 45.24M— | — |
| Shares Outstanding (Diluted) | 45.70M— | — |
05—Questions
Frequently Asked Questions
What is the primary purpose of this 10-K/A filing?
This filing (Form 10-K/A) is an amendment to Curtiss-Wright Corporation's annual report for the fiscal year ended December 31, 2009. Its main purpose is to provide a detailed list of all exhibits and financial statement schedules that were part of the original 10-K filing, ensuring all supporting documentation is properly cataloged and accessible.
Does this amendment contain any new financial information or performance updates for 2009?
No, this amendment does not introduce new financial data or operational performance updates. It serves as a supplementary document to the original 10-K filed earlier, primarily listing exhibits and schedules rather than reporting new financial results.
What types of agreements and plans are listed as exhibits?
The exhibits include a broad range of corporate documents such as merger agreements, certificates of incorporation, by-laws, various long-term incentive and retirement plans, stock plans for employees and directors, severance agreements, credit agreements, and consulting agreements. These documents reflect the company's operational, financial, and compensation structures.
Are the company's financial statements included in this amendment?
No, the actual financial statements (Consolidated Statements of Earnings, Balance Sheets, Cash Flows, Shareholders' Equity, and Notes) are not presented again in this amendment. They were included in the original 10-K filing dated February 24, 2010, and this amendment refers back to that filing for those documents.
06—Continue