PolyOne 2009 Annual Report

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY
SECURITIES
The following table sets forth the range of the high and low sale prices for our common stock, $0.01 par value per share, as reported by the
New York Stock Exchange, where the shares are traded under the symbol “POL,” for the periods indicated:
2009 Quarters 2008 Quarters
Fourth Third Second First Fourth Third Second First
Common stock price:
High $7.74 $7.19 $3.65 $3.56 $6.39 $8.57 $8.23 $7.15
Low $5.45 $2.50 $2.23 $1.32 $2.33 $6.26 $6.30 $5.11
As of February 16, 2010, there were 2,514 holders of record of our common stock.
We did not pay dividends in 2009 or 2008. Future declarations of dividends on common stock are at the discretion of the Board of
Directors, and the declaration of any dividends will depend on, among other things, earnings, capital requirements and our financial position,
results of operations and cash flows. Additionally, the agreements that govern our receivables sale facility contain restrictions that could limit
our ability to pay future dividends.
The table below sets forth information regarding repurchases of our common shares during the fourth quarter of 2009:
Period
Total Number of
Shares Purchased
Average Price Paid
Per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Program
Maximum Number of
Shares that May Yet
be Purchased Under
the Program (1)
October 1 to October 31 — $— — 8,750,000
November 1 to November 30 — — — 8,750,000
December 1 to December 31 — — — 8,750,000
Total — $— —
(1)
On August 18, 2008, our Board of Directors approved a stock repurchase program authorizing us, depending upon market conditions and other
factors, to repurchase up to 10.0 million shares of our common stock, in the open market or in privately negotiated transactions.
ITEM 6. SELECTED FINANCIAL DATA
You should refer to Item 7., “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, in Part II of this
Annual Report on Form 10-K and the notes to our accompanying consolidated financial statements for additional information regarding the
financial data presented below, including matters that might cause this data not to be indicative of our future financial condition, results of
operations or cash flows.
(In millions, except per share data) 2009 (1) 2008 (2) 2007 2006 (3) 2005
Sales $2,060.7 $2,738.7 $2,642.7 $2,622.4 $2,450.6
Operating income (loss) $ 98.4 $ (129.3) $ 33.9 $ 190.6 $ 141.3
Income (loss) before discontinued operations $ 67.8 $ (272.9) $ 11.4 $ 125.6 $ 63.2
Discontinued operations — — — (2.7) (15.3)
Net income (loss) $ 67.8 $ (272.9) $ 11.4 $ 122.9 $ 47.9
Basic and diluted (loss) earnings per common share:
Before discontinued operations $ 0.73 $ (2.94) $ 0.12 $ 1.36 $ 0.69
Discontinued operations — — — (0.03) (0.17)
Basic and diluted (loss) earnings per common share $ 0.73 $ (2.94) $ 0.12 $ 1.33 $ 0.52
Total assets $1,385.9 $1,277.7 $1,583.0 $1,780.8 $1,695.3
Long-term debt, net of current portion $ 389.2 $ 408.3 $ 308.0 $ 567.7 $ 638.7
POLYONE CORPORATION
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