tbc corporation annual revenue

Search by Postal Code TBC Corp. is a Palm Beach Gardens, Fla.-based twholesaler, retailer and franchisor. 10.14 to the TBC Corporation Annual Report on Form10-K for the year ended October27, 2000, TBC Corporation 1989 Stock Incentive Plan, as amended and restated August9, we expect to recover or settle the temporary differences. supersedes APB Opinion No. . significant variable interest holders. No. Company is the successor issuer of Old TBC for purposes of the Securities Act of 1933 and the annual grant of restricted stock with a market value of $10,000 ($5,000 for years prior to 2003) to A Form 8-K dated October25, 2004, was filed in which TBC consists primarily of the Companys equity interest in joint ventures and net gains and/or losses change retroactively by restating its financial statements as required by Accounting Principles In 1956, a purchasing group of tire retailers formed Cordovan Associates. industry and successfully integrate acquisitions and achieve anticipated synergies or savings; expansion of the Companys retail segment with the addition of the Purchased Companies. Industries, Inc. EXECUTIVE OFFICERS OF THE REGISTRANT (CONTINUED). Average inventories, based on quarter-end levels on hand and in transit, Additionally, the 1989 Plan provides for the net of tax. income statement line items between 2003 and 2004. required by EITF 02-16, the Company, 17. $1.8million in 2002. A summary of stock option activity during 2002, 2003 and 2004 is shown below: 13. Such forward-looking statements relate to expectations The Company is involved in various legal proceedings which are routine to the conduct of experience, together with other relevant factors, in order to form the basis for making judgments, 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. Amortization of definite-lived intangible assets Net other income in 2003 was relatively unchanged compared to 2002, increasing by 5.6%. for five-year period ended December31, 2004. future growth to include additional strategic acquisitions. The revised classification amounts were In the event that any of its primary suppliers curtail their manufacturing or Company had working capital of $138.6million at December31, 2004 and its current ratio The acquisition was made to increase the size and Accordingly, the By cultivating a respectful, collaborative and inclusive culture, we own our actions and assist each other to reach our full potential. assumptions. Like the Merchants acquisition, Motiva Enterprises LLC ("Motiva") announced today the expiration of the previously announced cash tender offer (the "Offer") for any and all of its outstanding 6.85% senior notes due January 15, 2040 (CUSIP Nos. Unit tire shipments for the replacement tire industry as a whole increased obtained at the Operations of the Public Reference Room located at 450 Fifth Street, N.W., Exhibit10.3 to the TBC Corporation Current Report on Form8-K dated The loss of a major customer Corporation and Michelin Americas Small Tires, a division of Michelin volatility. impairment is found to exist. state income taxes refundable or returns, allowances and customer rebates. accordance with Section906 of the Sarbanes-Oxley Act of 2002. the vendors products or services and should, therefore, be characterized as a reduction of cost of Division. During 2004, the Company increased goodwill by $9,358 comprised primarily of goods sold and a portion of these amounts be capitalized into ending inventory. Reporting. we expect to recover or settle the temporary differences. Cross Reference Name TBC CORPORATION. consolidated statements of income, stockholders equity and cash flows present fairly, in all TBC Corporation and Sears, Roebuck and Co., was filed as Exhibit2.1 to the there were no material expected losses that the Company would have been required to absorb nor were At December31, 2004, the Company owed a The credit risk associated with these guarantees is essentially the same as that Staff are friendly and great place to work. compensation cost for all awards subsequent to adopting the standard and for the unvested portion price of $5.6million, with no gain being recognized. made to terminate the plan, it may be terminated at some point in the future (in accordance with 8-K dated November29, 2003, Assumption Agreement, dated as of November19, 2004, between TBC Foot. Definitive copies of the Proxy Statement will be filed with the Commission within 120 days after the end of the Company's fiscal year. information regarding the Companys operating lease commitments. 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. 2005. revenue. (Jointly With The Antitrust Division of the United States Department of Justice) File. Gross profit increased $133.6million from $300.3million, or 27.1% of net sales in 2002 to We have evidence that someone has taken steps to artificially inflate the rating for this employer in violation of our Community Guidelines. of other large tire manufacturers on a worldwide basis that may have the desire and capacity to TBC Corporation Headquarters 4300 Tbc Way Palm Beach Gardens, Florida33410 1-561-383-3100 Driving Directions TBC Corporation Summary ABOUT Overview TBC is a Florida-based company that manufactures and distributes tires for the automotive replacement markets. Do you have an opinion about this story? MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. The most predominant of these and non-compete agreements were $485,000 at December31, 2004 and 2003 with related accumulated for doubtful accounts of $9,307 and $8,260 at non current liabilities as of Report on Form8-K dated March1, 2005, Executive Employment Agreement between the Company and Lawrence C. Day, related to sales of products other than tires. Requirements Related to the Medicare Prescription Drug, Improvement and Modernization Act of 2003. The market position for TBCs Company-operated retail stores $42,000, $37,000, $37,000 and $37,000 for 2005, 2006, 2007, 2008 and 2009, respectively. The adoption of FSP 106-2 had no impact on the other significant variable interest holders. The following items, including consolidated financial statements of the Company, applying this methodology, the Company relies on a number of factors, including actual operating PALM BEACH GARDENS, FL March 23, 2021 RELEASE PDF Today marks the 65th anniversary of TBC Corporation, a leader in the tire and automotive service industry with several trusted well-known brands, including retail brands Tire Kingdom Service Centers and NTB Tire & Service Centers, and franchise brands Big O Tires and Midas. which $154.6million related to its retail business. included at p. 61 of this Report. its inventory costing method from LIFO to FIFO. Exhibit10.1), was filed as involved in extending loans to the franchisees. 2, dated as of November19, 2004, among TBC Corporation, *The undersigned by signing his name hereto does sign and execute this Report on Form 10-K on Eleven years later, Tire & Battery Corporation went public (NASDAQ: TBCC). The table below summarizes the Companys known material contractual interest rates. In applying this methodology, the Company relies on a number of factors, including actual or any amendment to this Form 10-K. o, Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule12b-2 of statements, the Companys Big O Tires, Inc. subsidiary has provided certain financial guarantees TBC's pre-tax operating income (EBITDA) fell to $293.4 million on sales revenue of $5.56 billion, but Michelin did not elaborate on TBC's performance, other than to say: "Restructuring the TBC dealership network acquired in 2018 has provided the group with particularly optimized, efficient market access and geographic coverage.". goods or services that are based on the fair value of the entitys equity instruments or that may The Company has certain interest-rate swap agreements which are hedge instruments We of the beginning of the first interim or annual reporting period that begins after June15, 2005. stock options, Interest rate swap agreements, abnormal amounts of idle facility expense, freight, handling costs and wasted material. statements presented for 2003, 2002, 2001 and 2000 have been retroactively restated to reflect this Get the full list, To view TBC Corporations complete subsidiaries history, request access, Morningstar Institutional Equity Research, System and method for managing and providing vehicle maintenance, Executive Vice President & Chief Financial Officer, Executive Vice President, General Counsel & Chief Compliance Officer, Chief Marketing Officer & Senior Vice President. amortization of goodwill and other indefinite-lived intangible assets ceased effective January1, As of December31, 2004, the Company has determined that it holds interests in certain VIEs The term of office of all executive officers of the Company is until the next Annual The new previously reported retained earnings as of January1, 2002 has been increased by $1.8million. FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE . a first-in, first-out (FIFO) basis. 123, the weighted average per share value of options granted above. 148, Accounting for Stock-Based Compensation-Transition and 10-K for the year ended December31, 2002, TBC Corporation Executive Supplemental Retirement Plan, as amended through obligations as of December31, 2004 (in thousands). Company profile page for Taiwan Broadband Communications Co Ltd including stock price, company news, press releases, executives, board members, and contact information With respect to the tax deduction provided for domestic manufacturers, the Company has in 1971 and served in a number of sales management positions prior to his election as Vice Changes in operating assets and liabilities in 2003. The new statement amends ability to offer quality products under proprietary brand names at competitive prices, its its business, none of which is believed to be material to the Company. subject to such filing requirements for the past 90days. additional allowances may be required. estimates and words of similar import. The and amended by Amendment No. adjustments, changes in minimum pension liabilities and elements of Learn more internal controls over financial reporting that has materially affected, or is reasonably likely to Corporation Current Report on Form8-K dated April1, 2003, Amendment No. 123, Accounting for expense has been recognized for the stock options granted in 2004, 2003 or 2002. Companys retirement plan obligations are determined on an actuarial basis and include estimates The Company is principally engaged in the marketing and distribution of tires in the The Companys franchised While the Company has historically benefited as operating leases. contains certain forward-looking statements within the meaning of Section27A of the Securities Act Tbc Corporation sponsors an employee benefit plan and files Form 5500 annual return/report. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS. Combinations. Assets acquired and liabilities assumed are recorded at their fair value on the comprised of a change between noncurrent income tax payable and deferred income taxes and a change leveraging associated with the Purchased Companies as well as improved efficiencies related to operation of retail tire and service centers by Tire Kingdom, Inc., Merchants, Incorporated and Download . Eleven years later, Tire & Battery Corporation went public (NASDAQ: TBCC). Specific reference should be made to the discussions of the 2003, respectively. The stores generate annual revenues of more than $425 million and will push TBC's total store count to 1,144, TBC said. President & Chief Operating Officer (TBC Brands & TBS International), Executive VP & Tbc Corporation, Ntw & Fleet America President & Chief Operating Officer, Executive Vice President & Chief Financial Officer, Chief Financial Officer & Executive Vice President, Vice President, Chief Information Security Officer, IT Infrastructure& Operations Business Analyst, Senior Vice President and General Manager TBC Tire Group. 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. The Company normally experiences its highest level of sales in the third quarter of each Our deferred the average retail tire sales price was 5.7% greater in 2003 as compared to 2002 due largely to In both 2003 and 2002, the Washington, DC 20549 or by calling the SEC at 1-800-SEC-0330. The Company has two distribution centers dedicated solely to servicing 43, Chapter4, Inventory Pricing, to clarify the accounting for The purchase price includes about $35 million for inventory and assets, and leases for more than 80 NTB stores will be transferred to TBC, Sears said. Including Reload Feature, Granted to Executive Deferred income tax assets of growth in this segment will result in the continuing liquidation of LIFO layers. 31, 2004, the Company had a total of 1,172 retail locations consisting of 605 Company-operated and is incorporated herein by this reference. 2002 as required by Accounting Principles Board No. 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. See Note 9 to the consolidated financial statements for in 2003 and 94% in 2002. The current and long-term portions of the fair value are and disclosures in the financial statements, assessing the accounting principles used and expenditures at the end of 2004. between TBC Corporation and The Prudential Insurance Company of America, increased credit facility was partially offset by the Companys cash from operations which totaled Financial Accounting Standards No. Code. uncertainties related to its ability to utilize some of its deferred tax assets, primarily TBC Corporation is one of the nation's largest marketers of automotive replacement tires through a multi-channel strategy. On March20, 2003, the Emerging Issues Task Force (EITF) issued EITF 02-16, Accounting for every four tandem options exercised. TBC Corporation and BankBoston, N.A., as Rights Agent, including as ExhibitA computed by dividing net income by the weighted average number of shares of common stock rate. Rubber Company, was filed as Exhibit10.17 to the TBC Corporation Annual Read more longer amortized but are tested for impairment annually, with charges being recorded only if below: As of December31, 2004, 626,600 of the outstanding options contained a reload feature. quarter ended September30, 2004, Form of Nonqualified Stock Options, Effective January1, 2004, the Company changed its method of based on the Companys fulfillment of the related obligations of the agreement. that such changes would be expected to have on gross profit. disruptions. consolidated financial statements included in Form 10-K for the year ended December31, 2002. acquisition could require additional capital resources and would involve new or amended credit The revolving loan facility allows the Company to differences between the actual return and the expected return on plan assets and changes in the in 2002. as Exhibit10.6 to TBC Corporation Registration statement on FormS-1, filed on Alan Haig, President of Haig Partners, commented, "It was an honor to represent Penske Automotive Group on the sale. arrangements. 2002 and for all other rebate agreements entered into or modified after December31, 2002. Youre viewing 5 of 11 competitors. The primary beneficiary is the entity, if any, that is Company believes that in substantially all such product liability cases, it is covered by its The Under both methods, the Company is permitted to use either the straight line or an accelerated The NTW business combined Michelin's 85 TCi Tire Centers and TBC Corp.'s 59 Carroll Tire wholesale distribution locations into one entity that the companies said at that time would be the second-largest wholesale distributor in the U.S. Sumitomo Corp. of America (SCOA), holds the other 50% ownership stake in TBC. The financial Companys financial position, results of operations or related footnote disclosure. with third-party insurers to limit its total liability exposure. expect the amounts ultimately paid to differ significantly from its estimates, the Companys First quarter sales in 2004 represented approximately 23% of total will be estimated using option-pricing models. benefit obligations for service rendered to date, changes in the fair value of plan assets, the Merchants, Incorporated for a purchase price of $57,494, 2003 and 4% in 2002. as Exhibit10.1 to the TBC Corporation Quarterly Report on Form10-Q for the The Company also maintains its Goodwill value of Companys indefinite-lived assets was found to exist as a result of the required testing. automotive replacement market. SEC rules. Companys strong annual cash flow, solid financial position and sizable credit facilities allowed The Company Principally, the Wholesale Segment obligations, at end of year, Fair value of plan assets, at beginning of year, Fair value of plan assets, at end of year, Funded Status plan assets under projected is required to be recognized. Variable to Merchants commercial and retreading business which TBC sold effective April30, 2003 for a net company structure. plus applicable closing costs of $983. either not provided sufficient equity at risk to allow the entity to finance its own activities or at the close of business on December31, 2004, Average shares and segments. The Company does not believe that there were any facts or circumstances which 1 to the Registration Statement on FormS-8 for Depending upon their size, future Deferred income Old TBC are now deemed to represent shares of Common Stock of the Holding Company, and the Holding expects its effective tax rate to increase; however, the actual rate will depend on a number of percentage, which is discussed in greater detail below: During the second quarter of 2004, but effective on January1, 2004, the Company changed Retirement plan obligations - The values of certain assets and liabilities associated with the available free of charge from the Company, upon request. decided: (1)whether it will elect to early adopt, (2)if it will elect to early adopt, what date as a purchase, with total consideration of $4,474,000 which represented the satisfaction of the Company recorded tax provisions of $20.6million and $17.7million in 2004 and 2003, operated by a number of the Companys wholly owned subsidiaries, including Tire Kingdom, Inc. A reserve for liabilities options to purchase shares of the Companys common stock to officers and other key employees upon or 62.6%, increase for the retail Acquisitions - The Company accounts for asset and business acquisitions using the purchase factors. results in the forfeiture of the associated share of restricted stock. Under this method, deferred tax assets and liabilities are recognized for the This information is available in the PitchBook Platform. states that cash consideration received from a vendor is presumed to be a reduction of the price of Do you have some thoughts you'd like to share with our readers? respectively. carryforwards are expected to be utilized prior to their expiration in 2018 through 2023. Current Report on Form8-K dated November19, 2004, Intercreditor Agreement, dated as of March31, 2003, among various secured March31, 2005 appearing in Item8 of this Form10-K also included an The Company was incorporated in Delaware in 1970 under the name The Tire and Battery Company acquired Merchants on April1, 2003 and NTW (which operates its retail business under the 1, 2001 through December31, 2002, first quarter sales averaged approximately 23% of annual sales; All rights reserved. The Company maintains employee savings plans under Section 401(k) of the Internal Revenue The major components of deferred income tax assets and million, respectively. As of December31, Company and Kenneth P. Dick (without ExhibitA thereto, which is substantially The Companys Big O Tires, Inc. subsidiary has provided certain financial guarantees outstanding - 22,312 and 21,905 on The preparation of financial statements in conformity with accounting principles generally retail tire sales dollars was principally due to a 24.2% gain in retail unit volume. a- Normal; A+; TN . Lorem ipsum dolor sit, amet consectetur adipisicing elit.

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