Commercial Metl: (NYSE: CMC)

Zacks Rank: 5-Strong Sell

Balance Sheet

Annual Balance Sheet

Fiscal Year End for COMMERCIAL METL falls in the month of August.

All items in Millions except Per Share data.

	08/31/12	08/31/11	08/31/10	08/31/09	08/31/08
Assets
Cash & Equivalents	262	222	399	406	219
Receivables	958	957	824	731	1,369
Notes Receivable	0	0	0	0	0
Inventories	808	908	675	679	1,400
Other Current Assets	211	239	277	182	229
Total Current Assets	2,240	2,326	2,175	1,998	3,217
Net Property & Equipment	994	1,112	1,232	1,351	1,154
Investments & Advances	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0
Deferred Charges	0	0	0	0	0
Intangibles	77	78	72	74	85
Deposits & Other Assets	130	167	227	264	290
Total Assets	3,441	3,683	3,706	3,688	4,746

Liabilities & Shareholders Equity	08/31/12	08/31/11	08/31/10	08/31/09	08/31/08
Notes Payable	25	6	16	2	31
Accounts Payable	529	756	731	454	839
Current Portion Long-Term Debt	4	59	31	33	106
Current Portion Capital Leases	0	0	0	0	0
Accrued Expenses	343	378	325	327	563
Income Taxes Payable	0	0	0	0	0
Other Current Liabilities	0	0	0	0	192
Total Current Liabilities	901	1,199	1,103	815	1,732
Mortgages	0	0	0	0	0
Deferred Taxes/Income	20	50	44	45	50
Convertible Debt	0	0	0	0	0
Long-Term Debt	1,157	1,167	1,197	1,182	1,198
Non-Current Capital Leases	0	0	0	0	0
Other Non-Current Liabilities	116	107	109	114	124
Minority Interest (Liabilities)	0	0	0	2	4
Total Liabilities	2,195	2,522	2,453	2,158	3,108

Shareholders Equity	08/31/12	08/31/11	08/31/10	08/31/09	08/31/08
Preferred Stock	0	0	0	0	0
Common Stock (Par)	1	1	1	1	1
Capital Surplus	366	372	373	381	372
Retained Earnings	1,145	994	1,178	1,438	1,472
Other Equity	-18	60	-10	34	113
Treasury Stock	248	266	290	325	319
Total Shareholder's Equity	1,247	1,161	1,253	1,530	1,638
Total Liabilities & Shareholder's Equity	3,441	3,683	3,706	3,688	4,746
Total Common Equity	1,247	1,161	1,253	1,530	1,638
Shares Outstanding	116.20	115.50	114.30	112.50	114.50
Book Value Per Share	10.73	10.05	10.97	13.60	14.31

Fiscal Year End for COMMERCIAL METL falls in the month of August.

All items in Millions except Per Share data.

	02/28/13	11/30/12	08/31/12	05/31/12	02/29/12
Assets
Cash & Equivalents	170	271	262	234	216
Receivables	988	926	958	899	863
Notes Receivable	0	0	0	0	0
Inventories	893	914	808	865	880
Other Current Assets	172	192	211	270	290
Total Current Assets	2,223	2,304	2,240	2,268	2,249
Net Property & Equipment	980	990	994	979	1,024
Investments & Advances	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0
Deferred Charges	0	0	0	0	0
Intangibles	77	77	77	76	77
Deposits & Other Assets	129	126	130	137	174
Total Assets	3,409	3,498	3,441	3,460	3,525

Liabilities & Shareholders Equity	02/28/13	11/30/12	08/31/12	05/31/12	02/29/12
Notes Payable	47	13	25	41	49
Accounts Payable	503	571	529	555	628
Current Portion Long-Term Debt	204	204	4	4	4
Current Portion Capital Leases	0	0	0	0	0
Accrued Expenses	270	312	343	327	330
Income Taxes Payable	0	0	0	0	0
Other Current Liabilities	0	0	0	0	0
Total Current Liabilities	1,024	1,100	901	927	1,010
Mortgages	0	0	0	0	0
Deferred Taxes/Income	27	20	20	58	1
Convertible Debt	0	0	0	0	0
Long-Term Debt	950	954	1,157	1,160	1,164
Non-Current Capital Leases	0	0	0	0	0
Other Non-Current Liabilities	111	117	116	118	107
Minority Interest (Liabilities)	0	0	0	0	0
Total Liabilities	2,113	2,189	2,195	2,264	2,283

Shareholders Equity	02/28/13	11/30/12	08/31/12	05/31/12	02/29/12
Preferred Stock	0	0	0	0	0
Common Stock (Par)	1	1	1	1	1
Capital Surplus	362	366	366	371	369
Retained Earnings	1,172	1,181	1,145	1,129	1,102
Other Equity	-1	5	-18	-49	26
Treasury Stock	237	246	248	256	257
Total Shareholder's Equity	1,297	1,308	1,247	1,196	1,242
Total Liabilities & Shareholder's Equity	3,409	3,498	3,441	3,460	3,525
Total Common Equity	1,297	1,308	1,247	1,196	1,242
Shares Outstanding	116.50	116.30	116.20	115.90	115.50
Book Value Per Share	11.13	11.25	10.73	10.32	10.75