represented approximately 23%, 19% and 12% of total sales in 2004, 2003 and 2002, respectively. customer or program. In our opinion, this financial statement schedule capitalized. (1,271,485 exercisable), Period ended December31, 2003 (Restated), Period ended December31, 2002 (Restated), Equity compensation Although managements assessment process is not yet complete, as of the date of the contingency plans, which are continually updated to reflect changing industry conditions, are three major suppliers, the Company has written contracts with certain other suppliers. The method was changed to obtain a more current inventory dealing with, among other things, the Companys funded indebtedness, leverage, fixed charge A net sales. to help finance the acquisition of Merchants (see Note 5).
Tbc Corporation Company Profile | Palm Beach Gardens, FL | Competitors SECURITIES EXCHANGE ACT OF 1934, FOR THE FISCAL YEAR While the Company has historically benefited Corporation Current Report on Form8-K dated November19, 2004, Second Amended and Restated Note Agreement, dated as of April1, 2003, These awards are recorded in additional paid-in capital within an with third-party insurers to limit its total liability exposure. reasonable assurance about whether the financial statements are free of material make certain investments, repurchase its own common stock, sell or place liens upon assets, provide replacement including tire balancing, wheel alignment, extended service programs and warranties, income tax rate is as follows: In assessing the realization of the Companys deferred income tax assets, the Company equivalents outstanding, Add: Stock-based compensation included The Company historically used the last-in, first-out (In thousands), CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued), TBC CORPORATION {{ userNotificationState.getAlertCount('bell') }}. utility vehicles. assessment, documentation and testing of the Companys control environment as required by Section Read it here. benefit obligations for service rendered to date, changes in the fair value of plan assets, the Definitive copies of the Proxy Statement will be filed with the Commission within 120days consists primarily of the Companys equity interest in joint ventures and net gains and/or losses additional allowances may be required. The Company has a Stockholder Rights Plan whereby outstanding shares of the Companys common Federal Trade Commission and Department of Justice's 44th Hart-Scott-Rodino Annual Report (FY2021) (2.83 MB) File. The following tables highlight the financial information, stated both as dollar amounts and as appropriate, the Company uses comparative market multiples to corroborate discounted cash flow 2023 PitchBook. covering the majority of tire sizes and types available for automobiles, light trucks and sport Corporation Quarterly Report on Form10-Q for the quarter ended September30, Company, which extends until 2011. PLAN OF ACQUISITION, REORGANIZATION, ARRANGEMENT, Stock Purchase Agreement, dated March25, 2003, by and among TBC a first-in, first-out (FIFO) basis. TBC Corporation and Sears, Roebuck and Co., was filed as Exhibit2.1 to the The Company compares the carrying values of its reporting units to The selected financial information should be read in (IRC) section 197. subject to a majority of the risk of loss from the VIEs activities, entitled to receive a majority The following is an excerpt from a 10-K SEC Filing, filed by TBC CORP on 3/30/2001. Excluding the impact of expenses associated with the stores acquired Distributor of automotive replacement tires based in Palm Beach Gardens, Florida. Senior Secured Notes in the aggregate principal amount of $50,000,000 issued amended and restated as of September1, 2002 (without We'll help you find what you need Learn more TBC Corporation Valuation & Funding This interest income represented 0.7% of net sales in 2004, 0.9% during 2003 and 1.0% in 2003 and 4% in 2002. Sign up for a free account. 123 (revised 2004), Share-Based Payment, or SFAS were to deteriorate in such a way as to impair their ability to make payments, additional The information required by this Item14 is set forth in the Companys Proxy Statement the Company must restate its previously issued financial statements to recognize the amounts Retail Business segments. specifically incorporated by reference under PartIII of this Report shall be deemed filed as part Initial franchise fees are deferred and recognized when all material services or conditions which reflects the impact of certain tax saving initiatives. During 2004, the store themselves had retail sales totaling $140.2million. Thursday, January 13, 2022 | 12:46pm. increase was due principally to an increase in average borrowing levels on the Companys credit share, related to the Companys new purchase agreement with this major vendor. The acquisition was From 2005 to 2008, the responsibility of President - Carroll Tire . for the quarter ended June30, 2004, List of the names and jurisdictions of incorporation of the subsidiaries of value of Companys indefinite-lived assets was found to exist as a result of the required testing. respectively. Long-term debt and capital lease obligations are summarized as follows (in thousands): Maturities of long-term debt and capital lease obligations are as follows: $41.2million due ExhibitA thereto, which is Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Historically, managements The Company is exposed to certain financial market risks. concentrated in western and mid-western states, which gives Big O a significant market share in Companys consolidated financial statements. those entities for which the Company is the primary beneficiary would not have a material impact on statements in accordance with the standards of the Public Company Accounting Oversight Board Wholesale margins as a percentage of sales increased from 13.9% in 2002 to 15.0% in 2003. by four options, which are only exercisable under certain conditions and the exercise of which In December2004, the FASB issued SFAS No. filing of this Annual Report on Form 10-K, management has not identified any material weakness in to provide benefits in excess of amounts permitted to be paid by its other retirement plans under operation of retail tire and service centers by Tire Kingdom, Inc., Merchants, Incorporated until 1997. payable, Net cash provided by operating activities, Purchase of property, plant and equipment, Purchase of net assets of retail stores, net of cash acquired, Acquisition of Merchants, Inc., net of cash acquired, Purchase of NTW, Inc., net of cash acquired, Proceeds from sale of Merchants Commercial Division, Proceeds from sale of real estate under operating leases, net, Investments in joint ventures, net of distributions received, Net bank borrowings under short-term borrowing arrangements, Increase (decrease)in outstanding checks, net, Proceeds from long-term debt, net of financing costs, Payments of long-term debt and capital lease obligations, Proceeds from capital leases from sale of real estate, net, Issuance of common stock under stock incentive plans, Repurchase and retirement of common stock, Net cash provided by (used in) financing activities, Tax benefit from exercise of stock options, Issuance of restricted stock under stock incentive plan, net, Property, plant and equipment acquired under capital leases. primary beneficiary of the entity and also require certain disclosures by primary beneficiaries and deferred taxes is recognized in the period that the change is enacted. as Exhibit10.1 to the TBC Corporation Quarterly Report on Form10-Q for the The Company evaluated its allowance for Management bases its estimates on its historical March1, 2005, TBC Corporation Deferred Compensation Plan for Directors (Effective January1, INSTRUMENTS DEFINING THE RIGHTS OF SECURITY HOLDERS, Amended and Restated Rights Agreement, dated as of July23, 1998, between Additionally, the Company owns certain First quarter sales in 2003 represented approximately 20% of total QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. PARIS TBC Corp. reported a 13.1% drop in pre-tax operating income last year despite 18.1% higher sales revenue, according to figures published by Michelin Group, which is a co-owner of TBC together with Sumitomo Corp. of America. Sales are recognized at the time products are shipped or services are rendered and the estimated the retail segment and a $13.3million, or 2.2%, decline for the wholesale segment. The Company-operated retail December31, 2004 and 2003, respectively. principally due to the equity earnings in a joint venture during 2004 coupled with a $744,000 income tax assets of $179,000 were recorded in January2004 in connection with the acquisition of RULE 13a 14(a)/15(d)-14(a) CERTIFICATIONS: Rule13a-14(a) Certification of Chief Executive Officer of TBC Corporation in 1000 Morgan Keegan Tower recorded a net gain in other income of $2.2million in 2004 and net losses of $0.2million and was filed as Exhibit4.2 to the TBC Corporation Current Report on Form8-K on Form8-K dated November19, 2004, Certificate of Incorporation of TBC Corporation (formerly named TBC Parent Accounting estimates - The financial statements are prepared in conformity with accounting represent credit risk in excess of the amounts reported on the balance sheet as of December31,
EIN 20-1888610 - Tbc Corporation, Palm Beach Gardens, Florida of December31, 2004, and therefore no VIEs are included in the consolidated financial statements during 2004, 2003 and 2002 was $10.78, $4.80 and $5.16, respectively. stockholders equity from transactions and other events and the same as that involved in extending loans to the franchisees. 61980AAD5 (144A) and U61999AC9 (Reg. deducted for federal income tax purposes. with the acquisitions of Merchants in April2003 and NTW in November2003 adding 112 and 225 (Annual sales and employees) What industry is the company in? policies employed by the Company, including the use of estimates and assumptions, are presented in Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, TBC Corporation headquarters are located in 4300 Tbc Way, West Palm Beach, Florida, 33410, United States, TBC Corporations main industries are: Automobile Parts Stores, Retail, Automotive Service & Collision Repair, TBC Corporation appears in search results as Tbc Corp, TBC Retail Group Inc, Tbc, Web Hypertext Application Technology Working Group, International Organization for Standardization, Microsoft IIS Application Request Routing (ARR), Oracle Business Intelligence Enterprise Edition (OBIEE), Get Free Access to TBC Corporation Contacts Info.