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					MAYTAG CORP 10-K 1998-12-31: Income Statement

                                                     1998/12/31             1997/12/31
Net sales                                              $4,069,290,000         $3,407,911,000
Cost of sales                                          $2,887,663,000         $2,471,623,000
   Gross profit                                        $1,181,627,000           $936,288,000
Selling, general and administrative expenses             $658,889,000           $578,015,000
Restructuring charge
   Operating income                                      $522,738,000           $358,273,000
Interest expense                                         ($62,765,000)          ($58,995,000)
Other - net                                               $10,912,000             $1,277,000
                                                         $470,885,000
   Income before income taxes, minority interest and extraordinary item         $300,555,000
Income taxes                                             $176,100,000           $109,800,000
   Income before minority interest and extraordinary item$294,785,000           $190,755,000
Minority interest                                         ($8,275,000)           ($7,265,000)
   Income before extraordinary item                      $286,510,000           $183,490,000
Extraordinary item - loss on early retirement of debt     ($5,900,000)           ($3,200,000)
   Net income                                            $280,610,000           $180,290,000
Basic earnings (loss) per common share:
   Income before extraordinary item                               3.12                    1.90
   Extraordinary item - loss on early retirement of debt         -0.06                   -0.03
   Net income                                                     3.05                    1.87
Diluted earnings (loss) per common share:
   Income before extraordinary item                               3.05                    1.87
   Extraordinary item - loss on early retirement of debt         -0.06                   -0.03
   Net income                                                     2.99                    1.84

MAYTAG CORP 10-K 1998-12-31: Balance Sheet

                                                    1998/12/31                1997/12/31
Assets
Current assets
Cash and cash equivalents                                $28,642,000               $27,991,000
                                                        $472,979,000              $473,741,000
Accounts receivable, less allowance for doubtful accounts (1998--$22,305; 1997--$36,386)
Inventories                                             $383,753,000              $350,209,000
Deferred income taxes                                    $39,014,000               $46,073,000
Other current assets                                     $44,474,000               $36,703,000
   Total current assets                                 $968,862,000              $934,717,000
Noncurrent assets
Deferred income taxes                                   $120,273,000              $118,931,000
Prepaid pension cost                                       $1,399,000               $2,160,000
Intangible pension asset                                 $62,811,000               $33,819,000
                                                        $424,312,000
Other intangibles, less allowance for amortization (1998--$98,106; 1997--$85,071) $433,595,000
Other noncurrent assets                                  $44,412,000               $49,660,000
   Total noncurrent assets                              $653,207,000              $638,165,000
Property, plant and equipment
Land                                                     $19,317,000               $19,597,000
Buildings and improvements                              $333,032,000              $309,960,000
Machinery and equipment                               $1,499,872,000            $1,427,276,000
Construction in progress                                $102,042,000               $59,376,000
                                                      $1,954,263,000            $1,816,209,000
Less accumulated depreciation                           $988,669,000              $874,937,000
   Total property, plant and equipment                 $965,594,000            $941,272,000
   Total assets                                      $2,587,663,000          $2,514,154,000
Liabilities and Shareowners' Equity
Current liabilities
Notes payable                                          $112,898,000            $112,843,000
Accounts payable                                       $279,086,000            $221,417,000
Compensation to employees                               $81,836,000             $62,758,000
Accrued liabilities                                    $176,701,000            $161,344,000
Current portion of long-term debt                      $140,176,000              $8,276,000
   Total current liabilities                           $790,697,000            $566,638,000
Noncurrent liabilities
Deferred income taxes                                   $21,191,000             $23,666,000
Long-term debt, less current portion                   $446,505,000            $549,524,000
Postretirement benefit liability                       $460,599,000            $454,390,000
Accrued pension cost                                    $69,660,000             $31,308,000
Other noncurrent liabilities                           $117,392,000             $99,096,000
   Total noncurrent liabilities                      $1,115,347,000          $1,157,984,000
Minority interest                                      $174,055,000            $173,723,000
Shareowners' equity
Preferred stock:
   Authorized--24,000,000 shares (par value $1.00)
   Issued--none
Common stock:
   Authorized--200,000,000 shares (par value $1.25)
                                                       $146,438,000
   Issued--117,150,593 shares, including shares in treasury                    $146,438,000
Additional paid-in capital                             $467,192,000            $494,646,000
Retained earnings                                      $760,115,000            $542,118,000
                                                      ($805,802,000)          ($508,115,000)
Cost of common stock in treasury (1998--27,932,506 shares; 1997--22,465,256 shares)
Employee stock plans                                   ($45,331,000)           ($48,416,000)
Accumulated other comprehensive income                 ($15,048,000)           ($10,862,000)
   Total shareowners' equity                           $507,564,000            $615,809,000
   Total liabilities and shareowners' equity         $2,587,663,000          $2,514,154,000

MAYTAG CORP 10-K 1998-12-31: Cash Flow

                                                    1998/12/31                 1997/12/31
Operating activities
Net income                                             $280,610,000               $180,290,000
Adjustments to reconcile net income to net cash provided by operating activities:
 Extraordinary item - loss on early retirement of debt    $5,900,000                 $3,200,000
 Minority interest                                        $8,275,000                 $7,265,000
 Depreciation and amortization                         $148,554,000               $138,163,000
 Deferred income taxes                                    $3,242,000                ($7,956,000)
 Changes in working capital items exclusive of business acquisitions:
   Accounts receivable                                    $1,502,000                 $4,631,000
   Inventories                                          ($28,015,000)               ($5,393,000)
   Other current assets                                 ($13,475,000)                $2,281,000
   Other current liabilities                             $93,257,000                 $4,047,000
   Restructuring charge, net of cash expenditures        ($2,560,000)               ($4,869,000)
 Pension assets and liabilities                          $10,121,000                $18,124,000
 Postretirement benefit liability                         $6,209,000                 $5,952,000
 Other - net                                             $26,258,000                $11,930,000
   Net cash provided by operating activities         $539,878,000              $357,665,000
Investing activities
Capital expenditures                                ($161,251,000)            ($229,561,000)
Investment in securities                                                       ($10,015,000)
Business acquisitions, net of cash acquired                                   ($148,283,000)
   Total investing activities                       ($161,251,000)            ($387,859,000)
Financing activities
Proceeds from issuance of notes payable               $14,687,000               $60,493,000
Repayment of notes payable                           ($20,880,000)              ($3,142,000)
Proceeds from issuance of long-term debt             $102,922,000              $133,015,000
Repayment of long-term debt                          ($75,743,000)            ($124,123,000)
Debt repurchase premiums                              ($5,900,000)              ($3,200,000)
Stock repurchases                                   ($318,139,000)            ($138,051,000)
Forward stock purchase amendment                     ($63,782,000)
                                                      $52,643,000
Stock options exercised and other common stock transactions                     $52,308,000
Dividends                                            ($70,537,000)             ($65,243,000)
Proceeds from sale of LLC member interest                                      $100,000,000
Investment by joint venture partner                    $6,900,000               $18,975,000
Proceeds from interest rate swaps
   Total financing activities                       ($377,829,000)              $31,032,000
Effect of exchange rates on cash                        ($147,000)                ($390,000)
   Increase (decrease) in cash and cash equivalents      $651,000                  $448,000
Cash and cash equivalents at beginning of year        $27,991,000               $27,543,000
Cash and cash equivalents at end of year              $28,642,000               $27,991,000

This data was extracted by EdgarScan from the PricewaterhouseCoopers Global Technology Centre.
Please read the on-line disclaimer at http://edgarscan.pwcglobal.com/EdgarScan/edgarscan_disclaimer.html
1996/12/31
  $3,001,656,000
  $2,180,213,000
    $821,443,000
    $512,364,000
     $40,000,000
    $269,079,000
    ($43,006,000)
      $2,164,000
    $228,237,000
     $89,000,000
    $139,237,000
     ($1,260,000)
    $137,977,000
     ($1,548,000)
    $136,429,000

             1.36
            -0.02
             1.34

             1.35
            -0.02
             1.33
1996/12/31

   $136,429,000

     $1,548,000
     $1,260,000
   $111,279,000
   ($15,341,000)

    ($14,234,000)
    ($41,158,000)
     $15,124,000
     $37,899,000
     $26,735,000
    ($12,129,000)
     $18,937,000
     ($1,456,000)
                         $264,893,000

                         ($219,902,000)

                          ($29,625,000)
                         ($249,527,000)

                          $34,094,000

                           $26,536,000
                          ($20,500,000)
                           ($1,548,000)
                         ($164,439,000)

                            $6,795,000
                          ($57,223,000)

                            $8,625,000
                           $38,038,000
                         ($129,622,000)
                              $585,000
                         ($113,671,000)
                          $141,214,000
                           $27,543,000

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