Anixter International Inc. Financial Statement Analysis
ANIXTER INTERNATIONAL INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
2018
NSS
EES
UPS
Corporate (a)
Total
Net sales
4,347.0 $
2,342.7 $
1,710.5
$
8,400.2
Operating income (loss)
272.2
132.3
75.4
(170.2)
309.7
Depreciation
3.8
2.4
3.6
21.9
31.7
Amortization of intangible assets
17.0
7.0
13.3
37.3
Total assets
2,319.3
1,097.4
905.5
330.9
4,653.1
Capital expenditures
8.7
2.0
6.7
25.0
42.4
2017
Net sales
Operating income (loss)
Depreciation
Amortization of intangible assets
Total assets
Capital expenditures
NSS
EES
UPS
Corporate (a)
Total
$
4,114.4
$
2,225.5 $
1,587.5
$
$
7,927.4
262.6
114.3
73.1
3.1
2.4
3.9
(137.1)
18.8
312.9
28.2
14.4
8.4
13.3
36.1
1,947.1
1,068.3
871.4
365.4
4,252.2
3.7
1.9
1.7
33.8
41.1
(a) Corporate "Total assets" primarily consists of cash and cash equivalents, deferred tax assets, and corporate fixed assets. Total assets
in 2019 include the impact of the Company's adoption of ASU 2016-02, Leases, which resulted in the recognition of right-of-use assets
for all leases with terms of more than 12 months.
The items impacting operating expense and operating income by segment in 2019, 2018 and 2017 are reflected in the
tables below. All other items impacted consolidated results only and were not allocated to segments.
(In millions)
NSS
EES
Year Ended January 3, 2020
UPS
Corporate
Total
Amortization of intangible assets
$
(16.4) $
(5.4) $
(13.2) $
$
(35.0)
Merger costs
-
(12.8)
(12.8)
Restructuring charge
(0.5)
0.1
0.4
Acquisition and integration costs
0.3
0.3
Total of items impacting operating expense and
operating income
$
(16.4) $
(5.9) $
(13.1) $
(12.1) $
(47.5)
(In millions)
NSS
EES
Year Ended December 28, 2018
UPS
Corporate
Total
Amortization of intangible assets
$
(17.0) $
Restructuring charge
(2.1)
(7.0) $
(1.3)
(13.3) $
(0.7)
(37.3)
(5.3)
(9.4)
Acquisition and integration costs
(2.6)
(0.3)
(2.9)
CEO retirement agreement expense
(2.6)
(2.6)
U.K. facility relocation costs
(0.2)
(0.8)
(1.0)
Total of items impacting operating expense and
operating income
$
(21.9) $
(9.1) $
(14.0) $
(8.2) $
(53.2)
73View entire presentation