From: seraphim@ais.org (Henry Hardy)
Subject: Wackenhut data part 3 (repost)
Followup-To: alt.conspiracy
Summary: robocop
Keywords: Wackenhut,security,prison,nuclear,Energy Department,Army,CIA,Casolaro,Riconosciuto,Inslaw,investigation
Organization: none
Date: Tue, 7 Apr 92 17:51:42 GMT

THis is part 3 of a series on Wackenhut Corp.

source: DIALOG Information Systems
all copyrights are property of the copyright holders
the material below is reposted for journalistic or educational fair use only

part 3 -- S&P profile of Wackenhut
--------------------------------------------------------------------------------

00006235   DIALOG File 133: Copr. 1992, STANDARD & POOR'S CORPORATION

                               PROFILE

Wackenhut Corp.
1500 San Remo Ave.
Coral Gables, FL 33146-3009
USA

TELEPHONE:  305-666-5656

TYPE OF COMPANY: Industrial

CUSIP:  929794

STOCK TICKER:  WAK
PRIMARY STOCK EXCHANGE:  NYS  (New York Stock Exchange)

EMPLOYEES:         33000
SHAREHOLDERS:       1170
INCORPORATION YEAR:    1954
INCORPORATION LOCATION:  FL

PRIMARY SIC CODE:
  7381  Detective, guard & armored car services

SECONDARY SIC CODE(S):
  4119  Local passenger transportation, not elsewhere classified
  5063  Electrical apparatus and equipment, wiring supplies, and
        construction materials
  7389  Business services, not elsewhere classified
  8742  Management consulting services
  8744  Facilities support management services

                              RECENT NEWS


WACKENHUT CORP.
DATE:   920306
TITLE:  Date for 1992 Annual Meeting of Shareholders
TEXT:   April 24. Record date: March 17.

        WACKENHUT CORP.
DATE:   920212
EVENT:  Annual Earnings (ANE)
TITLE:  Annual Earns.
        (For full details see RECENT FINANCIAL STATEMENTS.)


        WACKENHUT CORP.
DATE:   911231
EVENT:  Mergers & Acquisitions (M&A)
TITLE:  Acquires Security Operations
TEXT:   Dec. 27, 1991, Richard R. Wackenhut, Pres. and Chief
Operating Officer, announced that Co. had acquired from ISS
International Service System Inc. that concern's U.S.-based security
operations, which wre centered in six U.S. cities. The acquired
business employs more than 700 persons and has annual revenues of
$7,500,000.


        WACKENHUT CORP.
DATE:   911030
EVENT:  Interim Earnings (INE)
TITLE:  Interim Consol. Earns.: Sept. '91
        (For full details see RECENT FINANCIAL STATEMENTS.)


        WACKENHUT CORP.
DATE:   911011
EVENT:  Mergers & Acquisitions (M&A)
TITLE:  Sells Assets of Stellar Systems Inc.
TEXT:   Oct. 9, 1991, Co. announced that it had sold all assets of
Stellar Systems, Inc., subsidiary, to an investor group.  Stellar
Systems is a manufacturer and distributor of electronic perimeter
security systems.


        WACKENHUT CORP.
DATE:   910806
EVENT:  Interim Earnings (INE)
TITLE:  Interim Consol. Earns.: June '91
        (For full details see RECENT FINANCIAL STATEMENTS.)

        WACKENHUT CORP.
DATE:   910510
EVENT:  Interim Earnings (INE)
TITLE:  Interim Consol. Earns.: Mar. '91
        (For full details see RECENT FINANCIAL STATEMENTS.)



             COMPANY DESCRIPTION (REVISION DATE: 910904)

                    CAPITALIZATION (Dec. 30 '90)
LONG TERM DEBT-  $46,850,000, incl. $3,600,000 issued under a revolving
loan providing up to $25,000,000 to Dec., 1994. Agreement has several rate
options which provide for borrowings at prime or at a lower rate.
   STOCK OUTSTANDING-                       Auth. Shs.  Outstg. Shs.
Common $0.10 par.............................8,500,000     3,858,885

                          CORPORATE BACKGROUND

BUSINESS DESCRIPTION-
  Company mainly furnishes uniformed security guards (armed and unarmed) to
protect its clients' property against fire, theft, intrusion, vandalism,
and other physical harm. It also provides private investigative services,
assembles and sells electronic security equipment and systems, trains
security guards and fire and crash rescue personnel, provides fire
protection and emergency ambulance services to municipalities, engages in
security consulting, plans, designs and implements integrated security
systems, manages detention and correctional facilities, and furnishes
personnel training, nuclear-material auditing and management consulting
services for nuclear power-generating facilities.
EMPLOYEES-  Dec. 30, 1990, 33,000.

PRINCIPAL SUBSIDIARIES- Secure Travel Services, Inc.
 Stellar Systems, Inc.
 American Guard & Alert, Inc.
 Titania Insurance Co., Ltd.
   Company also has several other subsidiaries with the name Wackenhut in
their titles.

INCORPORATED in Fla. Dec. 4, 1958; business founded in 1954.

OFFICERS-
G. R. Wackenhut, Chairman & Chief Exec Officer
R. R. Wackenhut, Pres & Chief Oper Officer
M. A. DiGregorio, Sr V-P, Treas & Chief Fin Officer
A. B. Bernstein, Sr V-P
Fernando Carrizosa, Sr V-P
R. C. Kneip, Sr V-P
J. P. Rowan, V-P, Gen Counsel & Asst Secy
T. J. Howard, V-P, Assoc. Gen Counsel & Asst Secy
Ruth J. Wackenhut, Secy
J. D. Miyar, Contr & Asst Treas
J. C. Bachmann, V-P
P. M. Gattuso, V-P
J. W. Bolles, V-P
Sandra L. Nusbaum, V-P
T. C. Froeba, V-P
J. M. Krysakowski, V-P
A. R. Frye, V-P
Murray Levine, V-P
T. P. Gilmer, Jr., V-P
M. J. Simpson, V-P
J. C. Evans, V-P
L. L. Lobaugh, V-P
A. J. Guastella, V-P
G. A. Zeiss, V-P
G. C. Zoley, V-P

DIRECTORS-
J. S. Ammarell
R. A. Quadt
R. E. Chasen
Nancy C. Reynolds
F. M. Glass
B. A. Schriever
W. M. Hawkins
C. J. Simons
P. X. Kelley
Chesterfield Smith
R. Q. Marston
G. R. Wackenhut
S. J. McKee
R. R. Wackenhut

OFFICE- 1500 San Remo Ave., Coral Gables, FL 33146-3009 (Tel.:
305-666-5656)

ANNUAL MEETING-In Apr.

                             STOCK DATA

STOCKHOLDERS-  May 15, 1990, 1,170 (of record). Feb. 15, 1991, Ruth J. &
G.R. Wackenhut owned or controlled 50.0% of the Com., Dimensional Fund
Advisors owned 6.1% (236,047 shs.), and FMR Corp. 6.5% (249,400 shs.).
RECENT DIVIDENDS (Cal. Yrs.)- Com. $0.10 par: $
1991 (to Aug. 30)...........0.60    1990-89.....................0.60
1988.......................*3.60    1987........................0.60
1986........................0.45    1985-84.....................0.60
1983-82....................@0.44    1981.......................@0.40
  *Incl. $3 extra.
  @In 1981-82, all aft. 10% stk. divd. Feb. 5; in 1983, aft. 10% stk. divd.
Jan. 17.
  Dividends have been paid each year since 1966.
DIVIDEND RESTRICTIONS-  Under terms of credit agreement, dividends are
limited to $5,000,000 plus 50% of consol. net income computed on a
cumulative basis from Dec. 31, 1989.

COMMON OFFERED-
Date                            Shares          Price          Comm.
3-4-83........................*230,000        $25.375         *$1.50
  *Merrill Lynch White Weld Capital Markets Group of Merrill Lynch Pierce,
Fenner & Smith Inc.; for stockholders.

TRANSFER AGENT-  NCNB Texas, Dallas.

STOCK PRICE-
LISTED-  Com., NYSE Dec. 30, 1980 (Symbol WAK); American SE prior
thereto:
1990..............29    18 5/8        1989..........24 3/4        17
1988..........24 1/2        15        1987..........25 3/4    12 1/4
1986..............40    17 1/2        1985..........26 3/4    16 1/2
1984..........25 1/2    16 5/8        e1983.........34 1/2    21 1/2
@1982.........28 1/2    12 1/4        c1981.........19 3/4    11 1/4
  @Aft. 10% stk. divd. Feb. 5; bef., 13 3/4-12 3/8.
  cAft. 10% stk. divd. Feb. 5; bef., 14 3/4-12.
  eAft. 10% stk. divd. Jan. 17; bef., 28 1/4-24 7/8.

                        EARNINGS AND FINANCES

AUDITORS- Arthur Andersen & Co., Miami, Fla.

CONSOL. EARNS., Y-E Apx. Dec. 31: Thou. $
                        Svce.         Inc.          Net         *Sh.
                        Revs.        Taxes         Inc.       Earns.
1990..................521,191        3,217        5,963         1.80
1989..................462,181        2,496        5,874         1.52
1988..................400,996        2,066        5,195         1.35
@1987.................381,972        2,559        5,660         1.47
1986..................320,799        1,241        2,418         0.63
1985..................300,883        3,499        6,779         1.76
1984..................279,309        2,506       d1,804        d0.47
1983..................238,936        4,358        6,412         1.66
1982..................228,351        4,143        5,756         1.49
@1981.................208,096        3,658        4,807         1.37
  dDeficit.
  *As reported by Co.
  @53 Wks.

                         FINANCIAL STATEMENTS

Annual Report-  Consol. Inc. Acct. Yrs. End.: Thou. $
                            Dec. 30'90     Dec. 31'89      Jan. 1'89
Revenues.......................521,191        462,181        400,996
Cost & exps....................562,302        445,180        390,549
Oper. income....................18,889         17,001         10,447
Equity in opers. of
fgn. affils......................cr446          cr374          cr311
Interest income..................3,356          3,687          3,407
Total income....................22,691         21,062         14,165
Depr. & amort....................7,644          7,304          5,113
Interest exp.....................4,867          5,388          1,791
Income tax.......................3,217          2,496          2,066
  Net income.....................6,963          5,874          5,195
Dividends........................2,315          2,315         13,892
Bal. aft. divds..................4,648          3,559         d8,697
*Sh. earns.......................$1.80          $1.52          $1.35
  dDeficit.
  *Avge. shs.: 3,858,885.
  Consol. Bal. Sheet: Thou. $
   Assets-                                  Dec. 30'90    Dec. 31'89
Cash.............................................4,283         4,213
Accts. rec., net................................72,964        63,724
Inventories......................................5,402         5,221
Other curr. assets...............................4,897         5,206
  Tot. curr. assets.............................87,546        78,364
Notes rec........................................1,731         2,813
Ctfs. of depos. & accrd. int. of
wholly-owned casualty reinsurance sub...........33,638        34,843
Invstmts. in & advs. to fgn. affils..............3,263         2,230
*Net property...................................34,355        36,146
Other assets.....................................3,552         3,285
  Total assets.................................164,085       157,681
  Liabilities-
Curr. debt mat.....................................---         2,825
Accts. pay.......................................7,981         4,412
Accruals........................................37,152        27,084
Income tax.........................................---         3,408
  Tot. curr. liabs..............................45,133        37,729
Res. for losses of wholly-owned
casualty reinsurance subsid.....................28,594        29,660
Long-term debt..................................46,850        48,500
Defr. inc. tax...................................5,643         8,176
@Com. stk. p.$0.10.................................386           386
Fgn. currency transl...........................dr1,539       dr1,140
Cap. surplus....................................26,621        26,621
Retained earns..................................12,397         7,749
  Total liabs..................................164,085       157,461
Net wkg. cap....................................42,413        40,635
Equity per sh....................................$9.81         $8.71
  *Depr. & amort. res...........................13,416        11,641
  @Shs.: 3,858,885.

RECENT FINANCIAL STATEMENTS-
(Also see RECENT NEWS for more information)


WACKENHUT CORP.
DATE:   910510
EVENT:  Interim Earnings (INE)
TITLE:  Interim Consol. Earns.: Mar. '91
Thou. $
13 Wks. to:                           Mar. 31'91           Apr. 1'90
Revenues                                 144,938             125,079
Net income                                 1,538               1,273
*Sh. earns                                 $0.40               $0.33
  *As reported.


        WACKENHUT CORP.
DATE:   910806
EVENT:  Interim Earnings (INE)
TITLE:  Interim Consol. Earns.: June '91
Thou. $
13 Wks. to:                           June 30'91           July 1'90
Revenues                                 139,797             128,173
Net income                                 1,918               1,743
*Sh. earns                                 $0.50               $0.45
26 Wks.:
Revenues                                 284,735             253,252
Net income                                 3,456               3,016
*Sh. earns                                 $0.90               $0.78
  *As reported.


        WACKENHUT CORP.
DATE:   911030
EVENT:  Interim Earnings (INE)
TITLE:  Interim Consol. Earns.: Sept. '91
Thou. $
13 Wks. to:                          Sept. 29'91         Sept. 30'90
Revenues                                 142,697             134,060
Net income                                 2,091               1,868
*Sh. earns                                 $0.54               $0.49
39 Wks.:
Revenues                                 427,432             387,312
Net income                                 5,547               4,884
*Sh. earns                                 $1.44               $1.27
  *As reported.


        WACKENHUT CORP.
DATE:   920212
EVENT:  Annual Earnings (ANE)
TITLE:  Annual Earns.
Consol. Inc. Acct. Yrs. End.: Thou. $
                                      Dec. 29'91          Dec. 30'90
Revenues                                 572,527             521,191
  Net income                               7,721               6,963
*Sh. earns                                 $2.00               $1.80
  *As reported.


                    FIELDED ANNUAL REPORT DATA
--------------- Income Account, U.S. Dollar (000's) ---------------
Year End                           12/90           12/89           12/88
NET SALES/REVENUE                521,191         462,181         400,996
COST AND EXPENSES                562,302         445,180         390,549
OPERATING INCOME                  18,889          17,001          10,447
INTEREST INCOME                    3,356           3,687           3,407
OTHER INCOME                        -446            -374            -311
TOTAL INCOME                      22,691          21,062          14,165
DEPRECIATION & AMORT.              7,644           7,304           5,113
FIXED CHARGES                      4,867           5,388           1,791
INCOME TAXES - EXPENSE             3,217           2,496           2,066
NET INCOME                         6,963           5,874           5,195

------------------- Assets, U.S. Dollar (000's) -------------------
Year End                           12/90           12/89
CASH AND EQUIVALENT                4,283           4,213
RECEIVABLES                       72,964          63,724
DEPOSITS - ASSET                  33,638          34,843
INVENTORIES                        5,402           5,221
INVESTMENTS - ASSET                3,263           2,230
NET PROPERTY                      34,355          36,146
DEBT EXPENSE                       1,731           2,813
OTHER ASSETS                       8,449           8,491
TOTAL CURRENT ASSETS              87,546          78,364
TOTAL ASSETS                     164,085         157,681

---------------- Liabilities, U.S. Dollar (000's) -----------------
Year End                           12/90           12/89
PAYABLES                           7,981           4,412
ACCRUALS - LIABILITY              37,152          27,084
INCOME TAXES - LIABILITY           5,643          11,584
RESERVES                          75,444          78,160
DEBT                                   0           2,825
COMMON STOCK                         386             386
CAPITAL SURPLUS                   26,621          26,621
FGN. CURRENCY TRANS. ADJ.         -1,539          -1,140
RETAINED EARNINGS                 12,397           7,749
TOTAL CURRENT LIABILITIES         45,133          37,729
TOTAL LIABILITIES                164,085         157,461
NET WORKING CAPITAL               42,413          40,635
ACCUMULATED DEPRECIATION          13,416          11,641

------------------- FINANCIAL RATIOS --------------------
Year End                               12/90            12/89
QUICK RATIO                            1.712            1.801
CURRENT RATIO                          1.940            2.077
CURR.LIABS./NET WORTH (%)              124.9            122.5
CURR.LIABS./INVENTORY (%)              835.5            722.6
TOTAL LIABS./NET WORTH (%)             349.3            402.1
FIXED ASSETS/NET WORTH (%)              95.1            117.3
COLLECTION PERIOD (DAYS)                  51               50
NET SALES/INVENTORY                   96.481           88.523
TOTAL ASSETS/NET SALES (%)              31.5             34.1
NET SALES/NET WKG CAPITAL             12.288           11.374
ACCTS. PAYABLE/NET SALES (%)             1.5              1.0
RETURN ON SALES (%)                      1.3              1.3
RETURN ON ASSETS (%)                     4.2              3.7
RETURN ON NET WORTH (%)                 19.3             19.1

end of part 3

--seraphim@ais.org
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