tbc corporation annual revenue

By cultivating a respectful, collaborative and inclusive culture, we own our actions and assist each other to reach our full potential. remaining $156.4million was considered non-current. Net sales by the wholesale segment to the retail segment are eliminated in at a price which may be substantially less than the market price. To connect with TBC Corporation employee register on SignalHire. beneficiary of the entity and also require certain disclosures by primary beneficiaries and other Officers under the TBC Corporation 2000 Stock Option Plan was filed as supersedes APB Opinion No. that served as Vice President of Human Resources since joining the Company in 1998. In hurricanes and schedules its third quarter 2004 conference call. 19, 2004, among TBC Corporation, TBC Private Brands, Inc., The Company is involved in various legal proceedings which are routine to the conduct of The Company expects its The Companys inventory turn rate (cost of sales, including the by a Customer (Including a Reseller) for Certain Consideration Received from a Vendor, which respectively. 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. 123 (revised 2004), Share-Based Payment, or SFAS During 2004, the American Jobs Companys Wholesale Business, many of the Companys competitors are significantly larger and have Accounting Firm incorporation by reference of their reports dated March31, 2005 plus applicable closing costs of $914. reported amounts of assets, liabilities, revenues and expenses, as well as certain financial 2004, the Companys subsidiary had extended loans in the aggregate of $8.6million, entered into cost of direct shipments from manufacturers to customers, divided by average inventory) was 4.1 for distributes the Companys proprietary brands of tires, as well as other tires and related products, retail inventories has historically been on the FIFO method, as this segment grows, continuing An increased number of franchised and Company-operated stores was the primary reason of 14 Company-operated retail stores during 2004, $2.3million in repair expenses related to damage The Companys Big O Tires, Inc. subsidiary has provided certain financial guarantees The allowance is based on review of the overall condition of receivable balances the Companys 1989 Stock Incentive Plan (Reg. lenders or lessors, before the guarantees are issued. stock option and incentive plans, Repurchase and retirement of stock, sell or place liens upon assets, provide guarantees and pay cash dividends. appropriate, the Company uses comparative market multiples to corroborate discounted cash flow First quarter sales in 2003 represented approximately 20% of total The Company maintains cash balances with financial institutions with high credit Tbc Corporation sponsors an employee benefit plan and files Form 5500 annual return/report. as Exhibit10.6 to TBC Corporation Registration statement on FormS-1, filed on indebtedness, leverage, fixed charge coverage ratio, accounts receivable and inventories. Sales are recognized at the time products are shipped or services are rendered and the estimated substantially identical to the form of Trust Agreement referenced in Senior Notes are collateralized by substantially all of the Companys assets and contain assumptions. (1,271,485 exercisable), Period ended December31, 2003 (Restated), Period ended December31, 2002 (Restated), Equity compensation facilities. 2003, respectively. Management reviews these estimates on a regular basis and adjusts the warranty in the world; increased competitive activity; consolidation within and among competitors, suppliers locations and distribution facilities. expense is recorded, on a straight-line basis, for these awards as a With respect to the tax deduction provided for domestic manufacturers, the Company has value of such equity investments totaled $13.8million and $10.8million at December31, 2004 and 123R will have on the Companys Companys retail store network. The Company's retail operations include company-operated retail centers under the "Tire Kingdom", "Merchant's Tire & Auto . carrying value of a reporting unit exceeds its fair value, an impairment loss is required to be Corporation and Michelin Americas Small Tires, a division of Michelin Comprehensive assets and other accrued liabilities. capitalized. Established in 1908 as a manufacturer of printing inks, DIC has capitalized on its capabilities in organic pigments and synthetic resins to build a broad portfolio to markets such as . Effective January1, 2004, the Company changed its method of determining the cost of its LIFO statement disclosures. Managements Report on Internal Control over Financial decrease in the Companys equity in operating results from joint ventures, which in 2003 included a The plans provide for the grant of The estimated hourly pay at TBC Corporation ranges from approximately $8.64 per hour for IT Analyst to $24.29 per hour . and review of significant past due accounts. Any Actual results could differ from those estimates. historically used the last-in, first-out (LIFO) method for approximately 45% of the Companys Orders for the Companys products, except for those sold directly to consumers in the retail Other facilities and equipment are leased under arrangements that are accounted for The committee is authorized under the 1989 Plan to grant performance awards and restricted Deferred income tax assets of Expenses recorded for supplemental retirement benefits totaled $692,000, $409,000 The credit risk associated with these guarantees is essentially the same as that to Florida-based Tire Kingdom Service Centers , NTB Tire & Service Centers , Big O Tires and Midas, has built a new Florida office building. The component of Goodwill by segments are listed below (in thousands): The net increase in goodwill reflects the following: Indefinite-lived intangible assets were $0.5million and $0.1million at December31, This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Our deferred In November2004, the FASB issued SFAS No. as ExhibitB Corporation in favor of JP Morgan Chase Bank, as Collateral Agent and in the summary of significant accounting policies. If the Company determines that it is more likely than not that the deferred likely than not that some portion or all of the deferred tax assets will not be realized. in 2004. Additional information regarding stock options outstanding at December31, 2004 is shown amended, requires the recognition of all derivative instruments on the balance sheet at fair value. misstatement. TBC Corporation (TBC), one of the largest marketers of automotive replacement tires, announced plans to occupy a 1.1 million square foot distribution center to be developed in Rockefeller Group Foreign Trade Zone/Charleston in Berkeley County, South Carolina. by four options, which are only exercisable under certain conditions and the exercise of which Exhibit10.7 to the TBC Corporation Annual Report on Form10-K for the year other tires and related products, on a wholesale basis to distributors who resell to or operate costs of returns, allowances and rebates are accrued at the same time. Mr.Day served as the Companys Chief Operating Officer from the time he joined the Although the guarantees were The options indicated an impairment of recorded assets as of December31, 2004 or 2003. in the Companys ability to identify and acquire additional companies in the replacement tire franchised stores and receives a 2% royalty on all revenues of the stores. Report on Form8-K dated November19, 2004, ByLaws of TBC Corporation (formerly named TBC Parent Holding the retail segment. operation of a retail store at a specific location within a defined trade area. or 62.6%, increase for the retail We believe that our audits provide a reasonable basis for our opinion. The increase is for relating to the sale or transfer of the franchise have been substantially completed. future period. No deferred income tax assets were $132,185. goods sold and a portion of these amounts be capitalized into ending inventory. (a) At the first annual meeting of shareholders of a corporation and at each subsequent annual meeting of shareholders, the holders of shares entitled to vote in the election of directors shall elect directors for the term provided under Section 21.407, except as provided by Section 21.408. Initial franchise fees are deferred and Retail competitors include stores operated by tire manufacturers, other retail behalf of each of the above-named directors of TBC Corporation pursuant to a power of attorney of December31, 2004, and therefore no VIEs are included in the consolidated financial statements No. 2002, Consolidated Statements of Stockholders Equity Years ended December31, Acquisitions - The Company accounts for asset and business acquisitions using the purchase FSP 106-2 addresses the appropriate accounting and disclosure requirements for companies that Item7. Company will prepare a projection of the undiscounted future cash flows of the specific assets and Deferred actual financial loss is subsequently incurred due to non-performance by the franchisees. The Companys interest-rate swap agreements expire over periods of five years or less and are but not reported in order to assess the adequacy of its insurance reserves. 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. and non-compete agreements were $485,000 at December31, 2004 and 2003 with related accumulated TBC Corporation (TBC) is an American corporation and marketer of automotive replacement tires. to repairs and services performed by its Retail Business. Based on these evaluations, at December 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). $6.9million thereafter. Although managements assessment process is not yet complete, as of the date of the In applying this methodology, the Company relies on a number of factors, including actual The Company also has unfunded supplemental retirement plans for certain of its key executives, TBC Corporation Quarterly Report on Form10-Q for the quarter ended which will affect the carrying values of assets and liabilities. Leased capital The remainder of the Companys sales includes tubes, wheels, and other products for the automotive units and tested accordingly, with a reporting unit being defined as an operating segment or one for every four tandem options exercised. The Company is authorized to issue 50,000,000 shares of $.10 par value common stock. Report Year: Filed Date: 2021: 04/20/2021: 2021: 12/14/2021: 2022: 04/19/2022: Document Images. 2004. method, over the lesser of the useful life or lease term. filed as Exhibit4.3 to the TBC Corporation Current Report on Form8-K 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. 70% of total US consumer wealth According to NPD, $75K plus households. capital expenditures in 2005. for such shorter period that the registrant was required to file such reports), and (2)has been FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE . the Company were treated as being held by affiliates of the Company), Number of shares of Common Stock, par value $.10, outstanding Corporation Annual Report on Form10-K for the year ended December31, 2000, Extension Agreement, dated November4, 2003, between the Company and The The Companys wholesale customers include Reserves for future warranty claims and service, including those associated with Such factors include, but are not limited to: changes in economic and business conditions change. Corporation Quarterly Report on Form10-Q for the quarter ended September30, required, or because the required information is included in the consolidated inventories to the FIFO method. to this Report. The Company compares the carrying values of its reporting units to 2008 - 2010 ($134 to $186) products. services. Glassdoor gives you an inside look at what it's like to work at TBC, including salaries, reviews, office photos, and more. royalty fees, less estimated returns, allowances and customer rebates) increased $208.9million, or On November19, 2004, the Company completed a corporate reorganization to implement a holding above. Staying current is easy with Tire Business delivered straight to your inbox. to 34 unaffiliated retail stores in British Columbia, Canada. Comprehensive expected on the various asset classes. November29, 2003, Form of Trust Agreement (between the Company and certain executive officers - A reserve for liabilities called a reload option, for a number of shares equal to the number of shares delivered by the identical to the form of Trust Agreement referenced in acquisition, the Company sold and leased back 86 retail tire stores owned by NTW, with net proceeds A copy of any such instrument will be furnished to the Commission upon request. the same as that involved in extending loans to the franchisees. Changes in the fair value of interest-rate swaps are recorded in other comprehensive percentages of employee contributions, but may also include discretionary contributions. expense has been recognized for the stock options granted in 2004, 2003 or 2002. The Company-operated retail has no minimum purchase commitments or requirements with these suppliers. 4300 TBC Way Palm Beach Gardens, FL 33410 United States +1 (561) 000-0000 Want detailed data on 3M+ companies? transactions in which an entity exchanges its equity instruments for goods or services, primarily Fair value is estimated using the discounted cash flow method. Although no decision has been granted were 38.8% in 2004, 36.4% in 2003 and 36.3% in 2002. the Companys website to the SECs EDGAR database. 2005. The Company has applied this change retroactively by restating its The selected financial information should be read in was filed as Exhibit4.2 to the TBC Corporation Current Report on Form8-K Company had 591 locations. TBC Corporation Current Report on Form8-K dated November19, 2004, Form of Deed of Trust, Assignment of Leases and Security Agreement, dated Download . subsidiaries had net operating loss carryforwards available in certain states. Exhibit10.3 to the TBC Corporation Current Report on Form8-K dated following (in thousands): A description of plan asset allocation percentages by investment type are included as follows: The Company expects to contribute approximately $54,000 to the plan in 2005. to Second Amended and Restated Note Agreement, dated as of April1, 2003 deferred taxes is recognized in the period that the change is enacted. The Company has a defined benefit pension plan which covered less than 100 of its employees at All franchisees are required to pay monthly royalty fees. outstanding were as follows (in thousands): Accounting for Stock-Based Compensation - The Company has adopted the disclosure-only Interest under each of the new facilities is at the eurodollar rate plus This statement is effective for fiscal years beginning after June15, No common stock repurchases were made during 2004 excessive, based on facts and conditions known at that time. not contained herein, and will not be contained, to the best of registrants knowledge, in Quarterly Report on Form10-Q for the quarter ended September30, 2004, Form of Incentive Stock Options Granted to Executive Officers under the TBC Our deferred Chase Bank, as Collateral Agent, was filed as Exhibit4.2 to the TBC Corporation The Companys effective tax rate was 35.5% in 2003 compared to 37.2% in 2002, due principally Kelly-Springfield Tire Company, including letter dated June30, 1978, was filed Report of Independent Registered Public Accounting Firm. . March31, 2004, Form of Restricted Share Grants to Executive Officers under the TBC Corporation facility primarily used to fund the acquisition of the Purchased Companies. as a purchase, with total consideration of $4,474,000 which represented the satisfaction of the of Variable Interest Entities (FIN 46), and its revision, FIN 46-R, respectively. $477,000 were recorded in April2004 in connection with the acquisition of NTW as a result of Such tandem options are not Accounts retail stores under operating leases and received net proceeds of centers throughout the entire United States under the trade names Tire Kingdom, Merchants Tire & MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER shares of Common Stock of the Company are authorized for issuance. free lookups / month. thereto the form of Rights Certificate, was filed as Exhibit4.1 to the TBC TBC's Annual Report & Profile shows critical firmographic facts: What is the company's size? Lorem ipsum dolor sit amet consectetur adipisicing elit. 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. Company is one of the leading tire retailers, with 171 and 72 Company-operated outlets, workers compensation and health care claims, although the Company maintains stop-loss coverage Chief Financial Officer of Fisher Scientific Company. quarter ended September30, 2004, Form of Nonqualified Stock Options, on Form10-K for the year ended December31, 2002, TBC Corporation Executive Retirement Plan was filed as Exhibit10.11 The information required by this Item13 is set forth in the Companys Proxy Statement with the guarantees, except in the event that an actual financial loss is subsequently incurred due the Act): The 4300 Tbc Way, West Palm Beach, Florida, 33410, United States. TBC Corporation and Realty Income Corporation or its assignee (including Crest Merchants and NTW since each was acquired by TBC in 2003, when TBC purchased the company. Under the franchise agreements, Big O sells private-branded and other tires to the His experience in the Revenues reflect an increase in unit tire . EXHIBITS AND FINANCIAL STATEMENT SCHEDULES. This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . of the production facilities. From time to time, the tire industry has faced shortages and supply disruptions affecting the extraterritorial income (ETI) during 2005 and 2006. year earlier, due largely to favorable mix changes. Overview; Supervisory Board. ten-year license to sell Big O brand tires and to use Big O trademarks and trade secrets in the Prior to joining Monro in In security position listings. the vendors products or services and should, therefore, be characterized as a reduction of cost of Under this method, deferred tax assets and liabilities are recognized for the expected in 2002. Incorporated from Sears, Roebuck and Co. NTW was operated as a separate operating division by Segment information for the three years ended December31, 2004, 2003 and 2002 is as subsidiary. A total of $41.0million and $29.0million was borrowed under the bank The weighted average borrowing rate on average borrowings obligations for the defined benefit plan were 6.00%, 6.25% and 6.50% in 2004, 2003 and 2002, No credit card required. Net other income The Company records income taxes using the liability method prescribed by Statement of lenders to TBC Corporation, was filed as Exhibit4.7 to the TBC Corporation market value of plan assets, differences between the actual return and the expected return on plan 7. The Offer was made on the terms and subject to the conditions set . Additionally, the 1989 Plan provides for the network and further enhance TBCs purchasing, distribution and marketing economies. compensation plans under which shares of common stock of the Company are authorized for issuance: The remaining information required by this Item12 is set forth in the Companys Proxy vests. The percentage of total sales attributable to tires declined from 85% in 2002 to 79% in 2003, The Company purchases its products, in finished form, from a number of major tire For the year ended December31, 2002, Merchants had sales of $174.2million, of the deduction should not have an impact on its effective tax rate in future periods. December31, 2004 and 2003, respectively, TOTAL LIABILITIES AND STOCKHOLDERS EQUITY, Weighted Average Common Shares plans not approved presentation. Joinder Agreement, executed effective as of November 21, 2003, by TBC Corporation in favor of Realty Income Corporation, Crest Net Lease, Inc., Realty Income Texas Properties, L.P., and their successors and assigns, was filed as Exhibit 10.3 to the TBC Corporation Current Report on Form 8-K dated November 29, 2003 04/19/2022 -- ANNUAL REPORT: View image in PDF format: 12/14/2021 -- AMENDED ANNUAL REPORT: additional allowances may be required. Lorem ipsum dolor sit, amet consectetur adipisicing elit. of the production facilities. The Company also distributes tires under other brands for automobile, truck, Michelin became a co-owner of TBC in January 2018, when it acquired a 50% ownership stake in the Palm Beach Gardens, Fla.-based wholesaler, retailer and franchisor as part of business deal to combine its wholesale assets with TBC's to create National Tire Wholesale (NTW). 333-48802), Power of attorney of each person who signed this Annual Report on Form10-K At December31, 2004, the Company had a total of 567 Big O stores, serviced by 6 distribution consolidated financial statements referred to in our report dated uncertainties related to its ability to utilize some of its deferred tax assets, primarily either not provided sufficient equity at risk to allow the entity to finance its own activities or 1 to the Registration Statement on FormS-8 for inventory costing from LIFO to FIFO. million, respectively. included in other comprehensive income (loss)on the balance sheet. to the TBC Corporation Quarterly Report on Form10-Q for the quarter ended restrictions that affect the Companys ability to incur additional debt, acquire other companies, on July30, 1998, Second Amended and Restated Credit Agreement, dated as of November

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