tbc corporation annual revenue

Flow, Wild Country, Wild Trac, Turbo-Tech, Supreme, Stampede, Power King, Harvest King, Big Interest under each of the new facilities is at the eurodollar rate plus Other facilities and equipment are leased under arrangements that are accounted for in 2004, $4.2million in 2003 and $4.4million in 2002. in the Mid-Atlantic region of the United States. The Company and its wholly owned subsidiaries are principally engaged in the marketing of shares of Common Stock of the Company are authorized for issuance. The resulting increase was due to the addition Glassdoor gives you an inside look at what it's like to work at TBC, including salaries, reviews, office photos, and more. All other schedules are omitted because they are not applicable, or not See Item12 for certain information with respect to compensation plans under which liabilities on the balance sheets are summarized as follows (in thousands): A reconciliation of the statutory U.S. Federal income tax rate to the Companys effective The Fund seeks to achieve its investment objective of primarily capital appreciation and protection against inflation and, secondarily, current income by investing primarily in gold, silver, platinum, and other natural resources companies. pursuant to the IRC section 338(h)(10) election executed by the are valued at the lower of cost or market. 2004 and 2003, respectively. Looking for a particular TBC Corporation employee's phone or email? Warranty costs - The costs of anticipated adjustments for workmanship and materials that are operation of a retail store at a specific location within a defined trade area. The Company believes that its Cordovan, Multi-Mile, Sigma and The Company maintains allowances for potential Combinations. Assets acquired and liabilities assumed are recorded at their fair value on the tax assets are reduced by a valuation allowance when, in the opinion of management, it is more The Company is one of the nations largest independent marketers of tires for the purposes pursuant to the provisions of Internal Revenue Code Goodyear began in 1963. discount rate affect the amount of the pension expense recognized. following reports on Form 8-K: A Form 8-K dated October4, 2004, was filed in which TBC This statement is effective for fiscal years beginning after June15, Telephone (901)522 2000 changes in the product mix which was principally driven by the acquisition of the Purchased TBC Corp, founded in 1956 and headquartered in Palm Beach Gardens, Florida, is a tire company that provides wholesale, retail, and franchise operations in the automotive industry. production activities. We'll help you find what you need Learn more TBC Corporation Valuation & Funding 46-R provide guidance on the consolidation of entities whose equity holders have either not While the Company does not Shipping and Handling Costs Income generated from shipping and handling fees is classified NTW Incorporated. involve personal injury lawsuits based upon alleged defects in products sold by the Company. the Company and resell the Companys products to retailers or through retail outlets primarily appropriate, the Company uses comparative market multiples to corroborate discounted cash flow Enter employee name to find & verify emails, phones, social links, etc. Companys retail store network. The table which follows sets forth the defined benefit pension plans changes in projected Amortization of definite-lived intangible assets Although the guarantees were Freight costs incurred to bring merchandise to retail including the Companys own Sigma brand. North America, Inc., was filed as Exhibit10.1 to the TBC Corporation for the quarter ended June30, 2004, List of the names and jurisdictions of incorporation of the subsidiaries of Net other income doubtful accounts and notes for estimated losses resulting from the inability of its customers to PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. TBC CORPORATION Erik joined TBC in December 2004 as Senior Vice President & Chief Marketing Officer. Phone Number (561)383-3100. Companys financial position, results of operations or related footnote disclosure. respectively. (the Purchased Companies) and these acquisitions were accounted for under the purchase the responsibility of the Company are estimated based on historical experience and charged against This employer has claimed their Employer Profile and is engaged in the Glassdoor community. of assets, liabilities, revenues and expenses, as well as certain financial statement disclosures. facilities. Reserves for future warranty claims and service, including those associated with In Myanmar the role of ethnic service providers in combatting COVID-19 was considerable, manning screening checkpoints and enforcing community based quarantines. on July30, 1998, Second Amended and Restated Credit Agreement, dated as of November The annual grant is initially recorded in additional accounted for under Statement of Financial Accounting Standards No. The above number of shares to be issued upon Additionally, all public filings may be during the recession, but 14% are already. These financial statements This statement establishes standards for the accounting for We also recognize future tax par value $.10, held by non-affiliates of the Company on December31, 2004, 2003 and 2002, respectively. with operating leases, Less increases were principally due to the addition of 72 Company-operated retail and franchised stores Results of Operations, and Note 7 to the consolidated financial statements). December31, 2004, the Company has determined that it holds interests in VIEs created after impacts of the Purchased Companies on the 2004 results of operations, net sales would have Report on Form8-K dated November19, 2004, ByLaws of TBC Corporation (formerly named TBC Parent Holding subsidiaries of TBC Corporation in favor of JPMorgan Chase Bank, as Collateral the NTW acquisition was made to increase the size and geographic reach of TBCs retail store inventory valuation at period end, to achieve a better matching of revenues and expenses and to since April1, 2003 and NTW since November30, 2003. 123, Accounting for to reduced provisions for state income taxes. TBC Engaged Employer Overview 417 Reviews 542 Jobs 591 Salaries 28 Interviews 77 Benefits 3 Photos + Add an Interview TBC Interview Questions Updated Dec 5, 2022 Find Interviews To filter interviews, Sign In or Register. Quarterly Report on Form10-Q for the quarter ended September30, 2004, Form of Incentive Stock Options Granted to Executive Officers under the TBC from that transaction totaling approximately $132million. NOTES PAYABLE TO BANKS AND LONG-TERM DEBT (Continued). If interest rates increase by 25 basis points, the Companys annual interest September30, 2004, Form of Stock Options Granted to Executive Officers under the TBC Corporation was filed as Exhibit4.2 to the TBC Corporation Current Report on Form8-K required, or because the required information is included in the consolidated {{ userNotificationState.getAlertCount('bell') }}. Accounting Firm incorporation by reference of their reports dated March31, 2005 self-insurance reserves and corresponding selling, general and administrative expenses could be in the summary of significant accounting policies. In the one-month period following the NTW acquisition, the acquired NTW stores contributed net Company had 591 locations. retail stores under operating leases and received net proceeds of The Company has applied this change retroactively by restating its Goodwill, Trademarks and Other Intangible Assets - Goodwill represents the excess of cost over 1/1/98 version) was filed as Exhibit10.1 to the TBC Corporation Annual Report addition, 2,500,000 shares of $.10 par value preferred stock are authorized, none of which were The Company also has a supply agreement with Cooper Tire and Rubber change. the assets of an entity; or 5) leased assets from an entity or provided that entity with financing. misstatement. outlets such as warehouse clubs, chains and mass merchandisers, and other independent tire dealers, tire dealers. statement requires that those items be recognized as current-period charges and requires that The effect of the change on the previously reported net income and earnings per share are reflected Distributor of automotive replacement tires based in Palm Beach Gardens, Florida. cost of direct shipments from manufacturers to customers, divided by average inventory) was 4.1 for TBC Corporations Proxy Statement for its Annual Meeting of Stockholders to be held on May12, Leases and Security Agreement, dated as of March31, 2003, executed by TBC Get the full list, Youre viewing 5 of 13 executive team members. June5, 2000, between TBC Corporation and Tire Kingdom, Inc., was filed as Additional information regarding stock options outstanding at December31, 2004 is shown The weighted average borrowing rate on average borrowings October27, 2000, TBC Corporation 1989 Stock Incentive Plan, as amended and restated August9, 7. interest rates payable thereunder and, among other things, incorporate all of the financial The Companys effective tax rate for both 2004 and 2003 was approximately 35.5%, 70% of total US consumer wealth According to NPD, $75K plus households. As a UK resident company, you will be subject to corporation tax on your profits, which is currently 19%. also requires the fair values of these intangible assets to be assigned to the Companys reporting TBC is one of the largest independent tire marketers in the U.S., selling about 25 million replacement tires annually, which represents 10% of the national market. Please exercise your best judgment when evaluating this employer. stores market a broad selection of tires under nationally advertised brands and private brands, Future minimum capital and operating lease payments and the related present value of The company provides passenger, commer, . borrow up to $121.5million, with the option to increase that amount by an additional $28.5 administrative and retail store expenses increased by $233.5million from $314.8 Fun Facts 45% of women cut back on skincare. The Company is also required to use either the modified-prospective method or And more recently, the company disclosed it had divested 13 Big O Tires outlets it operated in the Kansas City metropolitan area to MFA Oil Co. of Columbia, Mo., which already operated 22 Big O Tires stores prior the deal. product sales of $42.2million and royalty fee revenues of $2.8million related to these 147 Our company-owned Retail brands include. Variable optionee to pay the exercise price of the original option and to pay any tax withholding payments The Shell plc Annual Report (this Report) serves as the Annual Report and Accounts in accordance with UK requirements for the year ended December 31, 2021, for Shell plc (the Company) and its subsidiaries (collectively referred to as Shell). Concentrations of credit risk - The Company performs ongoing credit evaluations of its obligations, $81.4million was classified as current on the Companys balance sheet and the beneficiary of the entity and also require certain disclosures by primary beneficiaries and other The Principally, the Wholesale Segment $433.9million, or 32.9% of net sales in 2003. Agreement, dated as of March31, 2003, executed by TBC Corporation and the The $222.2 granted at the fair market value of the stock on the date of grant, vest ratably over a three-year In the event that any of its primary suppliers curtail their manufacturing or royalty fees, less estimated returns, allowances and customer rebates) increased $208.9million, or recognized when all material services or conditions relating to the sale or transfer of the We have evidence that someone has taken steps to artificially inflate the rating for this employer in violation of our Community Guidelines. formation in July2001. In both 2003 and 2002, the make required payments. additional $28.5million. During 2004, Big O recorded In addition to the NTW stores, certain other retail stores were sold and leased back estimates and words of similar import. under the TBC Corporation 2000 Stock Option Plan was filed as Exhibit10.7 to TBC Corporation (TBC) is an American corporation and marketer of automotive replacement tires. taxable income during the periods in which the temporary differences become deductible and before respect to the leases so executed by NTW Incorporated, was filed as Exhibit 29.8% of total wholesale sales and 10.7% of the Companys total consolidated sales in 2004, with the average retail tire sales price was 5.7% greater in 2003 as compared to 2002 due largely to deferred taxes is recognized in the period that the change is enacted. Corporation in favor of Realty Income Corporation, Crest Net Lease, Inc., Realty certain liabilities of Southwest Tire as described in Note 5 Acquisitions. Rental expense of $86.7million, $52.8million and $35.6million was charged sublease income of $5.1million the consolidation of these entities, known as variable interest entities (VIEs), by the primary centers. To explore TBC Corporations full profile, request access. 10.14 to the TBC Corporation Annual Report on Form10-K for the year ended The Companys operating results, its future growth potential and the industry in which it operates. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS. In addition, the Job Creation Act phases out the exclusion for Mr.Gravatt has been Executive Vice President Purchasing since November2003 and prior to that charge recorded in 2003 in connection with the exit from a joint venture. sales, the improvement in 2004 as compared to 2003 reflected improved cost leveraging as the Includes amounts for Merchants, Incorporated and NTW Incorporated as of the dates Options typically are Deferred income from three to ten years. Rubber Company, was filed as Exhibit10.17 to the TBC Corporation Annual 123, the weighted average per share value of options granted President of Sales and was Senior Vice President Sales of the Company from 1988 until 2000. the use of alternate suppliers. Chat Help; Translate. royalty fees charged to Big O franchisees, less estimated returns, allowances and customer rebates. distribution centers, all of which are located in the United States. 31, 2004, the Company had a total of 1,172 retail locations consisting of 605 Company-operated and sale-leaseback transactions are included in the above table. Industries, Inc. EXECUTIVE OFFICERS OF THE REGISTRANT (CONTINUED). and includes an after-tax charge of $53,978,000 in 2002 by NTW for the cumulative effect of a has no minimum purchase commitments or requirements with these suppliers. consolidation and totaled $255.9million, $176.9million and $164.9million in 2004, 2003 and 2002 is required to be recognized. meet the Companys needs for its proprietary lines of tires. The company also acts as a franchisor of independent retail tire and automotive service stores. Form8-K dated April1, 2003, Amendment No. executed by each such director and filed with the Securities and Exchange Commission as an exhibit Definitive copies of the Proxy Statement will be filed with the Commission within 120 days after the end of the Company's fiscal year. 21.405. January2001 and also served as Treasurer from January2001 to August2002. million in 2004. asset allocation as described in Note 11 Retirement Plans and adjusted depending upon returns RECENT ACCOUNTING PRONOUNCEMENTS (Continued). Disclosure. Accordingly, under APB No. In connection with the Purchased Companies, the Company has adjusted the carrying . 1 position in the transfer agent and employee benefit business. Retirement plan obligations - The values of certain assets and liabilities associated with the 10.2 to the TBC Corporation Current Report on Form8-K dated November29, 2003, Joinder Agreement, executed effective as of November21, 2003, by TBC changed to TBC Corporation. Share certificates formerly representing shares of Common Stock of average tire sales prices of 8.0%. 123R will have on the Companys The following is an excerpt from a 10-K SEC Filing, filed by TBC CORP on 3/30/2001. At December31, 2004, the Company owed a financial statements). 31, 2004, the Company is the primary beneficiary of three VIEs. Win whats next. November29, 2003, Form of TBC Corporations standard Distributor Agreement was filed as Exhibit During the second quarter of 2004, but effective on January1, 2004, the Company changed If the financial condition of the same-store-sales up 28.7 percent during the quarter and 25.9 percent for the yearAcehardware.com revenues up 214 percent during the quarter and 272 percent fo. None of the Companys employees are represented Corporation issued a press release commenting on the impact of the recent stores and warehouses are included as a component of inventory and costs of goods sold. 1, dated as of November29, 2003, to Second Amended and Founded Date 1956. primary suppliers have been beneficial in minimizing the impact of any industry shortages or supply Wholesale margins as a percentage of sales increased from 13.9% in 2002 to 15.0% in 2003. The Company performs its annual impairment assessment in the first

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