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February 16, 1960
13-INCH TIRES for
the new American com
pact cars and for foreign
cars were among the new
or improved products
introduced last year.
THOUSANDS of inde
pendent dealers have
built permanent and suc
cessful businesses with
the Firestone Franchise.
Typical is Earl C. Jost
(seated), Akron dealer
since 1928 and former
employee, who was
honored for 50 years of
service with the company
and congratulated by Lee
R. Jackson (center), vice
chairman, and Raymond
C. Firestone, president.
DISTRIBUTION OF
FIRESTONE’S 1959 INCOME
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DEPRECIATION ON
BUILDINGS AND EQUIPMENT
.3%
INTEREST ON BORROWED
MONEY
TAXES
WAGES, SALARIES,
EMPLOYEE BENEFITS
4.4%
PAID TO STOCKHOLDERS
MATERIALS, FUEL,
TRANSPORTATION
BALANCE RETAINED IN BUSINESS-
AVAILABLE FOR INVESTMENT IN ADDITIONS,
IMPROVEMENTS, ETC.
AMONG THE WORLD-WIDE operations of the
company is the plant in Singapore which celebrated its
40th anniversary last year. Above, an Asian stencil
girl at the Singapore plant shows her handiwork which
identifies the contract number and the destination for
a bale of natural rubber.
INCOME
From Customers for Goods Sold $ 1,187,784,024
From Customers for Excise Taxes 68,516,728
From Other Sources 6,169,404
$ 1,262,470,156
DISTRIBUTION OF INCOME
Materials, Fuel, Transportation and Other Expenses $ 686,293,587
Wages, Salaries and Employee Benefits 314,407,636
Taxes 152,486,795
Depreciation on Buildings and Equipment 40,661,088
Interest on Borrowed Money 4,024,202
Cash Dividends *22,456,162
Invested in the Business 42,140,686
$ 1,262,470,156