Supplemental Financial Statements

12 Months Ended

Dec. 31, 2011

(27)

Supplemental Financial Statements

As disclosed in Note 11, the U.S Revolver limits the amount of dividends and other payments that can be made by Stanadyne, and the Notes are subject to covenants including limitations on indebtedness, liens, and dividends or other distributions to stockholders. As such, the supplemental condensed balance sheets as of December 31, 2011 and 2010 and supplemental condensed statements of operations and cash flows for 2011, 2010 and 2009 are presented below for Stanadyne Holdings, Inc. on a stand-alone basis since the restricted net assets of certain consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year.

STANADYNE HOLDINGS, INC.

SUPPLEMENTAL CONDENSED BALANCE SHEET


	December 31, 2011
ASSETS
Cash and cash equivalents	$	1
Other current assets		66

Total current assets		67
Investment in subsidiaries		61,824
Due from Stanadyne Corporation		3,436

Total assets	$	65,327

LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	$	4,508

Total current liabilities		4,508
Other liabilities		8,464
Long-term debt		100,000
Stockholders' equity		(47,645	)

Total liabilities and stockholders' equity	$	65,327


	December 31, 2010
ASSETS
Cash and cash equivalents	$	1
Other current assets		—

Total current assets		1
Intangible and other assets, net		15,424
Investment in subsidiaries		88,141
Due from Stanadyne Corporation		2,282

Total assets	$	105,848

LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	$	4,603

Total current liabilities		4,603
Long-term debt		100,000
Stockholders' equity		1,245

Total liabilities and stockholders' equity	$	105,848

STANADYNE HOLDINGS, INC.

SUPPLEMENTAL CONDENSED STATEMENTS OF

OPERATIONS


	Year Ended December 31, 2011
SG&A	$	108

Operating loss		(108	)
Interest expense, net		12,261
Income tax expense		15,576

Loss before subsidiary loss		(27,945	)
Subsidiary loss		(4,556	)

Net loss	$	(32,501	)


	Year Ended December 31, 2010
SG&A	$	61

Operating loss		(61	)
Interest expense, net		12,261
Income tax benefit		(3,262	)

Loss before subsidiary loss		(9,060	)
Subsidiary loss		(929	)

Net loss	$	(9,989	)


	Year Ended December 31, 2009
SG&A	$	61

Operating loss		(61	)
Interest expense, net		11,752
Income tax benefit		(3,891	)

Loss before subsidiary loss		(7,922	)
Subsidiary loss		(15,199	)

Net loss	$	(23,121	)

STANADYNE HOLDINGS, INC.

SUPPLEMENTAL CONDENSED STATEMENTS OF CASH FLOWS


	Year Ended December 31, 2011
Net loss	$	(32,501	)
Amortization of debt discount & deferred financing fees		260
Deferred income tax expense		16,901
Subsidiary loss		(4,556	)
Change in operating assets and liabilities		7,878

Net cash used in operating activities		(12,018	)

Dividends received		12,000
Proceeds from exercise of stock options		18

Net cash provided by financing activities		12,018

Net change in cash and cash equivalents		—
Cash at cash equivalents at beginning of period		1

Cash at cash equivalents at end of period	$	1


	Year Ended December 31, 2010
Net loss	$	(9,989	)
Amortization of debt discount & deferred financing fees		261
Deferred income tax benefit		(1,298	)
Subsidiary loss		929
Change in operating assets and liabilities		(1,809	)

Net cash used in operating activities		(11,906	)

Dividends received		12,000
Purchase of treasury stock		(94	)

Net cash provided by financing activities		11,906

Net change in cash and cash equivalents		—
Cash at cash equivalents at beginning of period		1

Cash at cash equivalents at end of period	$	1


	Year Ended December 31, 2009
Net loss	$	(23,121	)
Amortization of debt discount & deferred financing fees		7,219
Deferred income tax benefit		(3,678	)
Subsidiary loss		15,199
Change in operating assets and liabilities		4,439

Net cash provided by operating activities		58

Purchase of treasury stock		(223	)

Net cash used in financing activities		(223	)

Net decrease in cash and cash equivalents		(165	)
Cash at cash equivalents at beginning of period		166

Cash at cash equivalents at end of period	$	1

STANADYNE CORPORATION [Member]

Supplemental Financial Statements

(27)

Supplemental Financial Statements

STANADYNE HOLDINGS, INC.

SUPPLEMENTAL CONDENSED BALANCE SHEET


	December 31, 2011
ASSETS
Cash and cash equivalents	$	1
Other current assets		66

Total current assets		67
Investment in subsidiaries		61,824
Due from Stanadyne Corporation		3,436

Total assets	$	65,327

LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	$	4,508

Total current liabilities		4,508
Other liabilities		8,464
Long-term debt		100,000
Stockholders' equity		(47,645	)

Total liabilities and stockholders' equity	$	65,327


	December 31, 2010
ASSETS
Cash and cash equivalents	$	1
Other current assets		—

Total current assets		1
Intangible and other assets, net		15,424
Investment in subsidiaries		88,141
Due from Stanadyne Corporation		2,282

Total assets	$	105,848

LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	$	4,603

Total current liabilities		4,603
Long-term debt		100,000
Stockholders' equity		1,245

Total liabilities and stockholders' equity	$	105,848

STANADYNE HOLDINGS, INC.

SUPPLEMENTAL CONDENSED STATEMENTS OF

OPERATIONS


	Year Ended December 31, 2011
SG&A	$	108

Operating loss		(108	)
Interest expense, net		12,261
Income tax expense		15,576

Loss before subsidiary loss		(27,945	)
Subsidiary loss		(4,556	)

Net loss	$	(32,501	)


	Year Ended December 31, 2010
SG&A	$	61

Operating loss		(61	)
Interest expense, net		12,261
Income tax benefit		(3,262	)

Loss before subsidiary loss		(9,060	)
Subsidiary loss		(929	)

Net loss	$	(9,989	)


	Year Ended December 31, 2009
SG&A	$	61

Operating loss		(61	)
Interest expense, net		11,752
Income tax benefit		(3,891	)

Loss before subsidiary loss		(7,922	)
Subsidiary loss		(15,199	)

Net loss	$	(23,121	)

STANADYNE HOLDINGS, INC.

SUPPLEMENTAL CONDENSED STATEMENTS OF CASH FLOWS


	Year Ended December 31, 2011
Net loss	$	(32,501	)
Amortization of debt discount & deferred financing fees		260
Deferred income tax expense		16,901
Subsidiary loss		(4,556	)
Change in operating assets and liabilities		7,878

Net cash used in operating activities		(12,018	)

Dividends received		12,000
Proceeds from exercise of stock options		18

Net cash provided by financing activities		12,018

Net change in cash and cash equivalents		—
Cash at cash equivalents at beginning of period		1

Cash at cash equivalents at end of period	$	1


	Year Ended December 31, 2010
Net loss	$	(9,989	)
Amortization of debt discount & deferred financing fees		261
Deferred income tax benefit		(1,298	)
Subsidiary loss		929
Change in operating assets and liabilities		(1,809	)

Net cash used in operating activities		(11,906	)

Dividends received		12,000
Purchase of treasury stock		(94	)

Net cash provided by financing activities		11,906

Net change in cash and cash equivalents		—
Cash at cash equivalents at beginning of period		1

Cash at cash equivalents at end of period	$	1


	Year Ended December 31, 2009
Net loss	$	(23,121	)
Amortization of debt discount & deferred financing fees		7,219
Deferred income tax benefit		(3,678	)
Subsidiary loss		15,199
Change in operating assets and liabilities		4,439

Net cash provided by operating activities		58

Purchase of treasury stock		(223	)

Net cash used in financing activities		(223	)

Net decrease in cash and cash equivalents		(165	)
Cash at cash equivalents at beginning of period		166

Cash at cash equivalents at end of period	$	1

STANADYNE CORP 10-K/A