Cubic Corp. Reports Major Increase in Earnings on Record Sales.SAN DIEGO--(BUSINESS ubled compared to the same quarter last year, g We have a backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. of close to $1 billion and wass transit transit, in astronomy, passage of a body across a meridian or passage of a small body across the visible disk of a larger one. (The passage of a large body across a smaller one is called an eclipse or occultation. , including rail and buses. The Cubic Defense Group produces instrumented air and ground combat training systems for both the U. S. and allied military forces. In addition, it produces avionics avionics (ā'vēŏn`ĭks), electronic instruments used in air or space flight; also the design and production of such instruments. Early planes had few instruments, but as aviation and aircraft became more complex, so did instrumentation. , data links, and communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. and provides support for military simulations Military simulations, also known informally as war games, are simulations in which theories of warfare can be tested and refined without the need for actual hostilities. Many professional analysts object to the term wargames and battle command training, and provides product logistical lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation support. -0-
CUBIC CORP.
CONDENSED CONSOLIDATED BALANCE SHEET
Sept. 30
1999 1998
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133,252 149,640
Inventories 36,400 39,623
Other current assets 16,540
37,651 Customer advances
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TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $330,011 $293,991
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(in thousands, except per share data)
Revenue:
Sales $510,759 $414,136 $388,154
Interest and dividends 1,602 2,145 2,259
Other income 3,160 2,520 3,972
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Costs and expenses:
Cost of sales 404,144 325,138 296,991
Selling, gene 494,031 417,758 7,482
154 6,598
NET INCOME 1.36
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Average number of shares
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