Annual Report Bdc

Annual Report Bdc

• 1.
  Ann ual Report an d For m 10 -K 2 0 0 7 The Outlook has never been Stronger mgp ingredients, inc . BDC Inc.
• 2.
  William G. O’Neill Chairman and Chief Executive Officer Joseph T. Armstrong President and Chief Operating Officer This copy is not intended to be read. It is merely a repre- sentation of what the text of this piece may look like set in this type size and style. The criteria for quality typography have not changed with the application of computers and state of the art technology. Legibility, image clarity, consis- tent letter and word spacing, character design and layout remain the basic qualities by which we judge typography. This copy is not intended to be read. It is merely a repre- sentation of what the text of this piece may look like set in this type size and style. The criteria for quality typography have not changed with the application of computers and state of the art technology. Legibility, image clarity, consis- tent letter and word spacing, character design and layout remain the basic qualities by which we judge typography. This copy is not intended to be read. It is merely a repre- sentation of what the text of this piece may look like set in this type size and style. The criteria for quality typography have not changed with the application of computers and state of the art technology. Legibility, image clarity, consis- tent letter and word spacing, character design and layout remain the basic qualities by which we judge typography. This copy is not intended to be read. It is merely a repre- sentation of what the text of this piece may look like set in this type size and style. The criteria for quality typography have not changed with the application of computers and state of the art technology. Legibility, image clarity, consis- tent letter and word spacing, character design and layout
• 3.
  Ann ual Report an d For m 10 -K 2 0 0 7 Financial Highlights 2007 2006 Operations FY ended July 1 FY ended June 30 change Net Sales $ 367,994 $ 322,477 14.1% Income from Operations $ 27,160 $ 22,370 21.4% NE T SALE S in millions of d ollars Pre-tax Income $ 27,686 $ 21,025 31.7% $368.0 $322.5 Net Income $ 17,698 $ 13,995 26.5% $270.7 $275.2 Per Share $192.4 Net Income—Diluted $ 1.05 $ 0.83 26.5% Dividends Paid $ 0.30 $ 0.15 100.0% Book Value $ 8.98 $ 8.29 8.3% 03 04 05 06 2007 Performance Operating Income Margin 7.4% 6.9% NE T I NC OME 1 in millions of d ollars Return on Net Sales 4.8% 4.3% $17.7 Return on Average Assets 8.3% 7.1% $14.0 Return on Average Stockholders’ Equity 12.5% 10.9% $9.5 Financial Position $5.2 $4.0 Total Assets $ 224,304 $ 204,584 9.6% Current Ratio 2.14 2.17 Stockholders’ Equity $ 148,148 $ 134,912 9.8% 03 04 05 06 2007 Long-term Debt to Total Capital 5.7% 8.4% C AS H F LOWS F ROM Average Shares Outstanding—Diluted 16,913 16,762 0.7% O PERATING ACT IVITIES in millions of d ollars $27.2 Other Information $21.8 Net Cash Provided by Operating Activities $ 14,739 $ 27,226 (45.9%) Property, Plant and Equipment—Net $ 132,212 $ 121,835 8.5% $14.7 $11.0 Capital Expenditures $ 23,188 $ 18,517 25.2% $8.2 Depreciation and Amortization $ 14,467 $ 12,655 14.3% Thousands of dollars, except ratio, shares, per share, dividends and return data. 03 04 05 06 2007
• 4.
  BDC Inc. 1500Business Plaza Cray Broadway 100 Commercial Street Memphis, TN 50101 P.O. Box 130 800.555.1212 66002 Atchison, Kansas 800.255.0302 www.bdc.com www.mgpingredients.com