FY2021 10-K Document - FINAL 11 15 21 - Flipbook - Page 81
Table of Contents
Operating profit is net sales less cost of sales and other operating expenses, excluding interest expense, equitybased compensation expense, non-service pension expense and other corporate expenses. Cost of sales and other
operating expenses are directly identifiable to the respective segment or allocated on the basis of sales, manpower or
profit. Operating profit by segment and reconciliations to consolidated amounts are as follows:
2021
Operating profit:
Aircraft Controls
Space and Defense Controls
Industrial Systems
Total operating profit
Deductions from operating profit:
Interest expense
Equity-based compensation expense
Pension settlement
Non-service pension expense (income)
Corporate and other expenses, net
Earnings before income taxes
Depreciation and amortization:
Aircraft Controls
Space and Defense Controls
Industrial Systems
Corporate
Total depreciation and amortization
Identifiable assets:
Aircraft Controls
Space and Defense Controls
Industrial Systems
Corporate
Total assets
Capital expenditures:
Aircraft Controls
Space and Defense Controls
Industrial Systems
Corporate
Total capital expenditures
$
$
$
$
33,892
7,461
—
(2,194)
28,026
203,774
41,580
18,655
29,731
193
90,159
$
$
$
$
34,670
101,667
80,025
216,362
38,897
5,661
121,324
15,231
29,832
5,417
39,782
18,039
28,644
507
86,972
2019
$
$
$
$
122,701
88,990
109,451
321,142
39,269
6,464
—
19,552
28,905
226,952
41,144
18,014
25,454
648
85,260
$ 1,471,338
839,783
1,078,025
44,023
$ 3,433,169
$ 1,322,335
761,874
1,102,222
39,400
$ 3,225,831
$ 1,300,781
737,141
1,040,659
35,656
$ 3,114,237
$
$
$
$
81
96,678
88,333
85,948
270,959
2020
63,514
39,863
25,338
19
128,734
$
47,954
22,505
17,700
125
88,284
$
68,595
23,903
25,808
116
118,422