4 _

 THOMSON'S MANUAL
COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31
1928
$85,367,771
25,977,424
- ,248

1927
$80,273,327
25,638,087
1,162,590
2,598,260
507,877
10,824,907

Gross Sales eoricerececeeeeeerrerecenecrecnrmcecmcrennenen- $88,864,519
Operating Profits ...... ceemeeee 34,378,472
General EXpPenses ..coo.ooccoccccceciccccceveceneemeeeeeee. 1,307,164
TAXES eeceeeemmmmmmmmeemeesmmmmmmecmcearocneeennenennnnsmsnsssssneees 908,341
Provident Fund comm mmmmmresmmnre [i
Depreciation ..occceceececoccenicccreirrccccceececnneeee.. 15,129

Net Income .......
DJther Income ...

1(

4,453
552.961

Total Income .............
Tixed Charges .......
Balance .......co.ooiiiiiiiiiiians
Common Dividends

"27 114
»7R,920
11,048,494
3,475,837
p 572,657
$2.65

Surplus for the year...
Tarned, per share Common stock.........

_.oT
$3.56

COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31
ASSETS— 1929
Dil Lands, Rights & Leases................$151,882,561
Dil Wells and Development__............ 59,060,877
Absob. Plants & Gas Facilities........ 6,169,196
Pipe Lines & Storage System........... 18,892,818
Steamships & Marine Equip. ........... .2,605,344
Refineries ...cccce.coe. ceeeeeemnee 21,068,310
Marketing Stations ooo... 30,531,121
Invest. in Control. & Aff. Co.s.......... 714,277
Deferred ChAaTECS .......seisssissmssssnssse 292.681
Current Assets:
CASH eooeeeeeeerermeem cero ceameem eee rene en mans aanan 7,839,906
UJ. 8S. Govt. & Other Bonds.....ccceeeueeeeeee. 7,933,262
Accts. & Bills Receivable.._................. 0,346,004
Employees’ Stock Subscriptions........ —
Crude and Refined Oil............ eann he 77g
Materials and Supplies ... nil i» 5
Total Current Liabilities.............$ 68,7+ ,084
TOTAL ASSETS .oceeeeeeen ceeeennnnne.$370.416.269
LIABILITIES—
Tapital Stock .ceoeeoreeeeeeeeeennenn-. $105,39 8,825
Employees’ Stock Subscrintions........ 148,000
Bonded Debt .eemcaeeeaen eeeeeeeee 20,337,500
Purchase Obligations ... neeneeennn 1,207,000
Depletion Reserve .....eeciccreeeeeeeee. 16,885,630
Depreciation of Plant, etc. ..ococoeee...... 32,548,793
Drilling Expenditures .....ccccccceeeeceeeeeee 29,774,833
[Insurance & Contingency Reserve... 293,324
Appreciation of Proven Oil Prop...... 10,878,559
Premium on Sale of Capital Stock... 3,799,930
Earned Surplus .ceeeeeeeoececeecceeeeceen 29,196,822
Current Liabilities:
Accounts Payable ....o.ioeeoeeieees
Reserve for Taxes................
‘nterest Accrued ...............
Total Current Liabilities.

1927
$149,623,951
48,765,057
5,025,309
15,959,086
12,674,574
17,441,357
24,658,159
1,213,875
635.350

9,205,209
9,000,000
9,199,615
116,405
26,749,990
2 N05 R59

3 57.777.078
£222 773.7986

3 94,798,100
203,275
23.810.500

75,565,671
44,938,589
23,276,262
915,023
40,878,559
19 738.275

5,416,770
3,883,091
349.781
$ 9,649,642
$333,773,796
48,127,436
601

- 632
12,480
5.527.556
10-1

TOTAL LIABILITIES ....._ __ _.... 6,269
Net Working Capital...creeeeeeeeereneeo.. 55,851,031
Ratio Cur. Assets to Cur Liab... 6.91

x

FUNDED DERT. As of May 1, 1930

L.
2.
3

Rate
Ist Lien S. F. Bonds. 3%
20-Yr. Gold Series A . Ec
10-Yr. S. F. Series C.... iY
15-Yr. Debentures ........cc........ 5%
Guaranteed Bonds
Union Atlantic Co. Bonds...41%9% 11-15-27 11-15-37 $4,000,000
*Jointlv guaranteed bv Atlantic Refining Co. and Union Qil Co.

Dated
1-2-1171
5-1-22
2-1-25
4-1-2320

Due
{-2-31
TeT 49
2
I 4 _4At

Authorized
$20,000,000
$10,000,000
“10,000,000
215. 000.000

Outstanding
$1,082,000
$8,934,500
$8,300,000
$15.000,000
24 000.000