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Fiscal Short-Term Marketable Total Liquid
Year Investments Securities Investments
1993 $38,052,200 $10,264,800 $48,317,000
1994 45,640,865 12,050,249 57,691,114
1995 52,919,162 18,292,503 71,211,665
1996 50,915,037 21,986,280 72,901,317
1997 68,993,367 28,261,773 97,255,140
1998 68,687,060 29,988,533 98,675,593
For each of its 4 fiscal years (1999-2002), subsequent to
the year in which decedent died, TPC’s net sales revenue,
expenditures (including TPC’s technology-related developmental
expenditures), operating income or loss, and total net income or
loss, as reported on TPC’s financial statements, are reflected in
the table below:
Total
Fiscal Net Sales Operating Net Income
Year Revenue Expenditures Income (Loss) (Loss)
1999 $273,386,403 $253,677,683 $19,708,720 $14,988,447
2000 278,741,064 282,500,513 (3,759,449) (5,477,876)
2001 267,003,996 278,332,392 (11,328,396) (13,807,358)
2002 234,832,485 234,323,041 509,444 1,738,420
At the end of each of its 1999-2002 fiscal years, TPC
continued to own substantial liquid short-term investments and
marketable securities as set forth below:
Fiscal Short-Term Marketable Total Liquid
Year Investments Securities Investments
1999 $77,529,513 $36,787,208 $114,316,721
2000 32,501,250 45,582,058 78,083,308
2001 20,279,591 37,594,522 57,874,113
2002 27,752,994 34,207,692 61,960,686
TPC had a long history of paying annual cash dividends to
its stockholders. In each of its 1993-2002 fiscal years,
including in its 2 loss years of 2000 and 2001, TPC paid cash
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