GASTONIA, NORTH CAROLINA
FEBRUARY, 1954
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SS?8ls
The Firestone Tire & Rubber Company
and Subsidiary Companies
Distribution of Income
During the Year Ended October 31, 1953
24,672,257
4,368,897
GENERAL OFFICES, AKRON, OHIO
We Took In:
1. We billed our customers
for goods sold $1,029,402,035
2. We billed our customers
for excise taxes 50,241,723
3. We received income
from other sources 3,951,569
4. Which gave us a total of $1,083,595,327
We Paid Out and Provided:
5. We paid for materials, fuel, trans
portation and other expenses $ 630,962,653
6. We provided for wear and tear on
buildings and equipment
7. We paid interest on money
borrowed
This Left $423,591,520 for Employees,
Government and Stockholders
Which Was Divided as Follows:
8. For Employees;
Wages and Salaries. .$267,161,401
9. For Government;
Taxes 109,681,148
10. For Stockholders:
Dividends 15,147,962
^1- For Working Capital
and Plant Expansion 31,601,009
$ 423,591,520 100.0
$1,083,595,327
^rvey S. Firestone, Jr. Reports on Progress of Company
Address to Stockholders