MIRA INFORM REPORT

Report Date :

23.10.2012

IDENTIFICATION DETAILS

Name :	MEMC ELECTRONIC MATERIALS, INC.
Registered Office :	501 Pearl Drive (City of O'Fallon), P.O. Box 8 St. Peters, MO 63376

Country :	United States

Financials (as on) :	31.12.2011

Year of Establishment :	1984

Legal Form :	Public Subsidiary

Line of Business :	Engaged in the development, manufacture, and sale of silicon wafers.

No. of Employees :	6,350

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30^th, 2012

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

United States

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

UNITED STATES - ECONOMIC OVERVIEW

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $48,100. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices increased another 50% between 2006 and 2008. In 2008, soaring oil prices threatened inflation and caused a deterioration in the US merchandise trade deficit, which peaked at $840 billion. In 2009, with the global recession deepening, oil prices dropped 40% and the US trade deficit shrank, as US domestic demand declined, but in 2011 the trade deficit ramped back up to $803 billion, as oil prices climbed once more. The global economic downturn, the sub-prime mortgage crisis, investment bank failures, falling home prices, and tight credit pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, in October 2008 the US Congress established a $700 billion Troubled Asset Relief Program (TARP). The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP; total government revenues from taxes and other sources are lower, as a percentage of GDP, than that of most other developed countries. The wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the US budget deficit and public debt - through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform bill that will extend coverage to an additional 32 million American citizens by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight. Long-term problems include inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, sizable current account and budget deficits - including significant budget shortages for state governments - energy shortages, and stagnation of wages for lower-income families.

Source : CIA

Company name and address

Top of Form

Bottom of Form

Top of Form

MEMC Electronic Materials, Inc.

501 Pearl Drive (City of O'Fallon),
P.O. Box 8

St. Peters, MO 63376
United States



Tel:	636-474-5000
Fax:	314-279-5158

www.memc.com

Employees:

6,350

Company Type:

Public Subsidiary

Corporate Family:

1630 Companies

Ultimate Parent:

TPG Capital, L.P.

Traded:

New York Stock Exchange:

WFR

Incorporation Date:

1984

Auditor:

KPMG LLP

Financials in:	USD (mil)

Fiscal Year End:	31-Dec-2011
Reporting Currency:	US Dollar
Annual Sales:	2,715.5 ¹
Net Income:	(1,536.0)
Total Assets:	4,881.6 ²
Market Value:	572.7
	(05-Oct-2012)

Business Description

Industry

Industry	Semiconductors
ANZSIC 2006:	2429 - Other Electronic Equipment Manufacturing
NACE 2002:	3210 - Manufacture of electronic valves and tubes and other electronic components
NAICS 2002:	334413 - Semiconductor and Related Device Manufacturing
UK SIC 2003:	3210 - Manufacture of electronic valves and tubes and other electronic components
UK SIC 2007:	2611 - Manufacture of electronic components
US SIC 1987:	3674 - Semiconductors and Related Devices

Key Executives (Emails Available)

Name	Title
Ahmad R. Chatila	President, Chief Executive Officer, Director
Carlos Domenech	Executive Vice President, President - Solar Energy Asset Management
David A. Ranhoff	Senior Vice President - Sales & Marketing
Bradley D. Kohn	Senior Vice President, General Counsel, Corporate Secretary
Matthew E. Herzberg	Senior Vice President, Chief Human Resource Officer

Significant Developments

Topic	#*	Most Recent Headline	Date
Divestitures	1	Southern Company And Ted Turner Acquire Second Solar Photovoltaic Power Project From MEMC Electronic Materials 's SunEdison	29-Jun-2012
Negative Earnings Pre-Announcement	4	MEMC Electronic Materials, Inc. Issues Q1 2012 EPS Guidance Below Analysts' Estimates	15-Feb-2012
General Reorganization	1	MEMC Electronic Materials, Inc. Announces Global Restructuring; To Cut Approximately 20% Workforce; Sees Q4 2011 Charge Guidance	8-Dec-2011
Officer Changes	1	MEMC Electronic Materials, Inc. Announces Chief Financial Officer Transition	16-May-2012
Business Deals	2	Conergy AG Terminates Wafer Supply Agreement with MEMC Electronic Materials, Inc.	25-Sep-2012

Financial Summary

As of 30-Jun-2012

Key Ratios	Company	Industry
Current Ratio (MRQ)	1.18	3.90
Quick Ratio (MRQ)	0.97	3.02
Debt to Equity (MRQ)	3.35	0.21
Sales 5 Year Growth	12.00	11.04
Net Profit Margin (TTM) %	-64.89	19.30
Return on Assets (TTM) %	-33.92	15.21
Return on Equity (TTM) %	-117.19	21.72

Stock Snapshot

Traded: New York Stock Exchange: WFR

As of 5-Oct-2012

Financials in: USD

Recent Price	2.48	EPS	-3.42
52 Week High	6.80	Price/Sales	0.21
52 Week Low	1.44	Price/Book	0.78
Avg. Volume (mil)	4.85	Beta	1.55
Market Value (mil)	572.69

	Price % Change	Rel S&P 500%
4 Week	-22.26%	-23.48%
13 Week	2.90%	-4.58%
52 Week	-56.57%	-65.37%
Year to Date	-37.06%	-45.82%

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

Corporate Overview

Location
501 Pearl Drive (City of O'Fallon),
P.O. Box 8
St. Peters, MO, 63376
Saint Charles County
United States

Tel:	636-474-5000
Fax:	314-279-5158

www.memc.com

Quote Symbol - Exchange
WFR - New York Stock Exchange

Sales USD(mil):	2,715.5
Assets USD(mil):	4,881.6
Employees:	6,350
Fiscal Year End:	31-Dec-2011


Industry:	Semiconductors

Incorporation Date:	1984
Company Type:	Public Subsidiary
Quoted Status:	Quoted


President, Chief Executive Officer, Director:	Ahmad R. Chatila

Company Web Links

Company Contact/E-mail

Corporate History/Profile

Employment Opportunities

Executives

Financial Information

Contents

Key Corporate Relationships

Additional Information

Industry Codes

ANZSIC 2006 Codes:
2429	-	Other Electronic Equipment Manufacturing
6240	-	Financial Asset Investing

NACE 2002 Codes:
3210	-	Manufacture of electronic valves and tubes and other electronic components
7415	-	Management activities of holding companies

NAICS 2002 Codes:
334413	-	Semiconductor and Related Device Manufacturing
551112	-	Offices of Other Holding Companies

US SIC 1987:
3674	-	Semiconductors and Related Devices
6719	-	Offices of Holding Companies, Not Elsewhere Classified

UK SIC 2003:
3210	-	Manufacture of electronic valves and tubes and other electronic components
7415	-	Management activities of holding companies

UK SIC 2007:
2611	-	Manufacture of electronic components
642	-	Activities of holding companies

Business Description

MEMC Electronic Materials, Inc. (MEMC) is engaged in the development, manufacture, and sale of silicon wafers. Through SunEdison, MEMC is a developer of solar energy projects. The Company operates in two business segments: Semiconductor Materials and Solar Energy. Its Semiconductor Materials segment provides wafers for Semiconductor Applications. As of December 31, 2011, its Solar Energy segment includes the operations of its old Solar Materials segment. It markets its semiconductor wafer products through a direct sales force. It has customer service and support centers in various countries, including in China, France, Germany, Italy, Japan, Malaysia, Singapore, South Korea, Taiwan and the United States. In September 2011, the Company and its solar energy subsidiary, SunEdison, acquired Fotowatio Renewable Ventures, Inc. In July 2012, Southern Company and Turner Renewable Energy acquired a 20 megawatts solar photovoltaic power plant in Nevada from SunEdison, a subsidiary of the Company.

Semiconductor Materials Segment

MEMC offers wafers with a range of features. The Companyâ€™s wafers vary in size, surface features, composition, purity levels, crystal properties and electrical properties. Its monocrystalline wafers for use in semiconductor applications range in size from 100 millimeter to 300 millimeter and are round in shape for semiconductor customers. The Companyâ€™s wafers are used as the starting material for the manufacture of various types of semiconductor devices, including microprocessor, memory, logic and power devices. In turn, these semiconductor devices are used in computers, cellular phones and other mobile electronic devices, automobiles and other consumer and industrial products. Its monocrystalline wafers for semiconductor applications include four general categories of wafers: prime, epitaxial, test/monitor and silicon-on-insulator (SOI) wafers.

The Companyâ€™s prime wafer is a polished, highly refined, pure wafer with an ultraflat and ultraclean surface. Its OPTIA wafer is a 100% defect-free crystalline structure based on its technologies and processes, including Magic Denuded Zone (MDZ). Its epitaxial (epi), wafers consist of a thin silicon layer grown on the polished surface of the wafer. Its AEGIS product is designed for certain specialized applications requiring resistivity epitaxial wafers and its MDZ product feature. The AEGIS wafer includes a thin epitaxial layer grown on a standard starting wafer. The Company supplies test/monitor wafers to its customers for their use in testing semiconductor fabrication lines and processes. An SOI wafer is a different starting material for the chip making process. SOI wafers have three layers: a thin surface layer of silicon (from a few hundred Angstrom to several microns thick) where the transistors are formed, an underlying layer of insulating material, and a support or handle bulk silicon wafer.

The Company competes with Shin-Etsu Handotai, SUMCO, Siltronic and LG Siltron.

Solar Energy Segment

MEMCâ€™s Solar Energy business unit provides solar energy services that integrate the design, installation, financing, monitoring, operations and maintenance portions of the downstream solar market to provide a solar energy service to its customers. Its Solar Energy business unit manufactures polysilicon, silicon wafers and solar modules. Its SunEdison business is focused on the installation of solar energy systems that are connected to the electricity grid. Through electricity generation by solar electric systems that SunEdison operates in certain states in the U.S., including Maryland, New Jersey, California, Ohio and Colorado

The Company competes with SunPower Corporation, First Solar, Inc., Sharp Corporation (Recurrent Energy), Phoenix Solar, Iberdrola Renewable Inc., JUWI Solar Gmbh and Solar City

More Business Descriptions

Semi-Conductor Silicon Chips

Establishments primarily engaged in manufacturing semiconductors and related solid- state devices. Important products of this industry are semiconductor diodes and stacks, including rectifiers, integrated microcircuits (semiconductor networks), transistors, solar cells, and light sensing and emitting semi-conductor (solid-state) devices.

MEMC is a global leader in semiconductor and solar technology. MEMC has been a pioneer in the design and development of silicon wafer technologies for over 50 years. With R&D and manufacturing facilities in the U.S. Europe and Asia MEMC enables the next generation of high performance semiconductor devices and solar cells. Through its SunEdison subsidiary MEMC is also a developer of solar power projects and a worldwide leader in solar energy services. MEMCs common stock is listed on the New York Stock Exchange under the symbol WFR and is included in the S&P 500 Index.

MEMC Electronic Materials, Inc. (MEMC) is a leading semiconductor and solar technology company. The company is active in design, manufacture, development and distribution of silicon wafers with a variety of features and properties. MEMC with its key operating subsidiary SunEdison developes solar power projects and provides solar energy services. The company, together with its subsidiaries, manufacturing facilities and representative offices, operates in Asia-Pacific, Americas and Europe. The company categorizes its business operations into three business segments namely, Semiconductor Materials, Solar Materials, and Solar Energy.MEMC's Semiconductor Materials segment manufactures semiconductor devices through silicon wafers.The segment provides silicon wafers ranging from 100 millimeter to 300 millimeter for the production of semiconductor devices.The company obtains a raw material polysilicon from sole supplier. These wafers are differentiated by specific physical and electrical characteristics such as flatness and defect free, uniform crystal structures. The wafers develop devices with large size with 300 millimeter wafer. The companyâ€™s wafers vary in size, surface features, composition, purity levels, crystal properties and electrical properties. MEMCâ€™s monocrystalline wafers are used in semiconductor applications range in size from 100 millimeter to 300 millimeter. These devices are used in various types of semiconductor devices, including microprocessor, memory, logic and power devices. In addition, these are also used in computers, cellular phones and other mobile electronic devices, automobiles and other consumer and industrial products. The monocrystalline wafers are subdivided into four categories prime, epitaxial, test/monitor wafers and silicon-on-insulator (SOI) wafers. The companyâ€™s key brands include OPTIA, AEGIS, and SOI. For the fiscal year ended December 2011, the Semiconductor Materials segment reported revenue of $1,023.1m, indicating an increase of 3.07% over revenue in 2010. It accounted for 37.7% of the companyâ€™s total revenue in 2011.The companyâ€™s Solar Materials Segment manufactures solar wafers for crystalline solar cells. These wafers are square or pseudo-square in nature and convert energy from the sun into usable electrical energy. The solar wafers have been multicrystalline 156 millimeter square wafers and company sells the monocrystalline wafers through its subsidiary Solaicx. The company uses two types of polysilicon: granular polysilicon and chunk polysilicon. It manufacture solar wafers in both Kuching and Portland manufacturing facilities as well as through joint venture in China with Zhenjiang Huantai Science & Technology Co. Ltd. For the fiscal year ended December 2011, the Solar Materials segment reported revenue of $957.4m, indicating an increase of 15.89% over revenue in 2010. It accounted for 35.3% of the companyâ€™s total revenue in 2011.The Solar Energy Segment is operated through its subsidiary SunEdison, it integrate the design, installation, financing, monitoring, operations and maintenance portions of the downstream solar market. Solar Energy segment manufactures polysilicon, silicon wafers and solar modules. MEMC provides solar energy to its customers in domestic and international markets under long term agreement. As of December 31, 2011, SunEdison interconnected approximately 580 solar power systems representing 600.4 MW of solar energy generating capacity. For the same period, SunEdison had 255.1 MW of projects under construction and 3.0 gigawatts (GW) in pipeline. For the fiscal year ended December 2011, the Solar Energy segment reported revenue of $735.0m, indicating an increase of 74.79% over revenue in 2010. It accounted for 27.1% of the companyâ€™s total revenue in 2011.Geographically, the company classifies its business operations into six regions, namely, United States, China, Korea, Taiwan, Italy and Other foreign countries. For the fiscal year ended December 31, 2011, United States contributed 16.5% of the company's total revenue, followed by, China with 22.1%, Korea with 8.7%, Taiwan with 19.5%, Italy with 13.8% and Other foreign countries with 19.4%.MEMC market its semiconductor wafer products through direct sales. It operates global network of customer service and support centers in China, France, Japan, Malaysia, Germany, Italy,Singapore, South Korea, Taiwan and the US. The company's semiconductor wafer customers include major semiconductor device manufacturers, including the memory, microprocessor and ASIC manufacturers, and foundries. SunEdison markets its solar energy generation, monitoring and maintenance services through a direct sales force, and through local or regional solar channel partners that includes both domestically and internationally. MEMC's U.S. solar energy customers are categorized into commercial customers, which include national retail chains and real estate property management firms; federal, state and municipal governments; and utilities.The company's research and development (R&D) efforts are directed towards product and process development. It develop new products and refine existing products. The company strengthens its R&D efforts through customer relationships and interaction, which principally undertaken by Applications Engineering Group. MEMC's R&D laboratories are located in US, Italy, Japan, South Korea and Taiwan. It focuses on development of advanced epitaxial wafer technology with a staff of scientists located in St. Peters, Novara, Missouri, Italy and Utsunomiya, Japan facilities. It also focuses on other areas including polysilicon production, crystallization, wafering and solar cells and modules. MEMC also has R&D resources in India and Singapore. Additionally, the company's Product Development and Product Management Groups of Solar Energy business unit focuses on reducing the levelized cost of electricity in its photovoltaic installations, as well as provides industry solutions in the areas of inverter, module, and balance of systems components. For the fiscal year ended December 31, 2011, the company's R&D expenditure totaled $87.5m, reflecting 3.2% of the company's total revenue. The company maintains intellectual property portfolio of more than 700 worldwide patents and 350 applications on file.In July 2012, the company executed sales contracts for four solar projects in Europe representing approximately 98 MW, including 60 MW in Bulgaria and 38 MW in Italy. During the same period, MEMC introduced MEMC FOX-Si, a silicon wafer designed specifically for delivering advanced FinFET technology with oxide dielectric isolation (FOX). In June 2012, Paso Electric Company, the regional electric utility, and SunEdison, a leading solar energy services provider and subsidiary of MEMC, officially inaugurated and name the 12 megawatt (MW) solar power plant located near Las Cruces International Airport. In April 2012, SunEdison activated a 25 MW solar photovoltaic (PV) power plant located within a multi-developer, multi-facility solar park at Charanka village in Patan district, Gujarat, India. In the same month, the company received 1,000 volt UL certification with the introduction of its Silvantis line of multi-crystalline 290W PV modules.

MEMC Electronic Materials, Inc. (MEMC) is a leading semiconductor company. The company is active in development, manufacture, and sale of wafers and related products to the semiconductor and solar industries. The company throug its wholly owned subsidiary SunEdison, designs, develops and constructs solar energy systems. It serves sevral commercial customers, which include national retail chains and real estate property management firms; federal, state and municipal governments; and utilities. The company, together with its subsidiaries, manufacturing facilities and representative offices, operates in Asia-Pacific, Americas and Europe. MEMC is headquartered in St. Peters, the US.The company focuses on developing technology in silicon and downstream solar to expand its downstream customer base and reduce the cost throughout the silicon supply chain. In 2012, MEMC introduced MEMC FOX-Si, a silicon wafer designed specifically for delivering advanced FinFET technology with oxide dielectric isolation (FOX).The company reported revenues of (U.S. Dollars) USD 2,715.50 million during the fiscal year ended December 2011, an increase of 21.27% over 2010. The operating loss of the company was USD 1,300.50 million during the fiscal year 2011, as against an operating income of USD 21.10 million during 2010. The net loss of the company was USD 1,536.00 million during the fiscal year 2011, as against a net profit of USD 34.40 million during 2010.

MEMC Electronic Materials' motto is â€œthe leader in wafer technology and innovation.â€ The company is one of the world's largest public companies and is solely devoted to the supply of wafers to semiconductor device managers. It has been a pioneer in the design and development of wafer technologies over the past four decades. Two of MEMC's recent innovations are Magic Denuded Zone wafer technology and defect-free crystal, both of which have been incorporated into its OPTIA product line. The company holds more than 500 worldwide patents on silicon products and processes and has more than 350 worldwide patent applications on file. Founded in 1959, MEMC Electronic Materials maintains head offices in St. Peters, Mo.

Manufacturer of silicon polished and epitaxial wafers used to make integrated circuits. Products are sold to the electronics and semiconductor industries.

Product Codes

Product Code	Product Description
SUB-SE-CWS	Silicon-on-insulator (SOI) wafers

Brand/Trade Names

Memc - Electronic equipment

Magic Denuded Zone - Computer peripheral equipment

Financial Data

Financials in:	USD(mil)

Revenue:	2,715.5
Net Income:	-1,536.0
Assets:	4,881.6
Long Term Debt:	1,778.9
Total Liabilities:	4,143.7
Working Capital:	1.0

Date of Financial Data:	31-Dec-2011

1 Year Growth

21.3%

5.8%

Market Data

Quote Symbol:	WFR
Exchange:	New York Stock Exchange
Currency:	USD
Stock Price:	2.5
Stock Price Date:	10-05-2012
52 Week Price Change %:	-56.6
Market Value (mil):	572,691.3

SEDOL:	2580113
ISIN:	US5527151048

Equity and Dept Distribution:
Common Stock $.01 Par, 03/11, 300M auth., 240,600,000 issd., less 10.3M shs. in Treas. @ $458.8M. Insiders 0.52% IP O7/95, 19,550,000 shares @$24by J.P. Morgan Securities Inc. *Note: FY'96-97 fncls & FY'98 Q's rest.

Key Corporate Relationships

Auditor:	KPMG LLP
Bank:	Canal Insurance Co, John Deere Credit Co, Tower Loan, United Mississippi Bank

Auditor:	KPMG LLP

Additional information
ABI Number:		001021419

MEMC Electronic Materials, Inc.

The Strategic Initiatives report is created using technology to extract meaningful insights from analyst reports about a company's strategic projects and investments. More about Strategic Initiatives

Strategic Initiatives

Key Organizational Changes
A statement from MEMC Electronic Materials, Inc.'s Management Discussion and Analysis section is given below. The following statement has been taken from 2011 10-K SEC filing: EXECUTIVE OVERVIEW MEMC is a global leader in the development, manufacture, and sale of silicon wafers, and with the acquisition of SunEdison in 2009, a major developer and seller of photovoltaic energy solutions. Through SunEdison, MEMC is one of the worldâ€™s leading developers of solar energy projects and, we believe, one of the most geographically diverse. MEMCâ€™s technology leadership in silicon and downstream solar are enabling the company to expand its customer base and lower costs throughout the silicon supply chain. Source: GlobalData, October 12, 2012
Sales and Distribution
In light of current and anticipated market conditions, we are focused on effective cash management and liquidity. In addition to taking the actions set forth in the 2011 Global Plan, we have developed a strategic plan for the ongoing operation of our businesses designed to improve our performance and address the challenges within our industries. Our business strategy is designed to address the most significant opportunities and challenges facing the company. In particular, our key challenges include: - Managing cash flow and mitigating liquidity risks, including the completion of a rigorous assessment of our current liquidity, the level of committed financing prior to commencement of project construction and managing the timing of expenditures for the construction of solar energy systems as compared to receipts from final sale or financing; - Executing our restructuring plans set forth in the 2011 Global Plan to position the company for market recovery, and achieving significant operational savings prior to such recovery; - Focusing on semiconductor market share gains, with particular focus on profitable expansion of our 300mm business; and - Optimizing solar project pipeline development and achieving future growth in solar systems sales, while focusing on the disposition of solar systems held for sale in as timely a manner as is appropriate in the circumstances.GlobalData uses a range of research techniques to gather and verify its information and Source: GlobalData, October 12, 2012

Strengths/Weaknesses (SWOT)

Helpful
to achieving the objective

Harmful
to achieving the objective

Internal Origin
(attributes of the organization)

Strengths

· Broad Range of Products & Manufacturing Facilities

· Intellectual Property Portfolio

· Integrated Structure

Weaknesses

· Substantial Debt

· Deteriorating Profitability Ratios

External Origin
(attributes of the environment)

Opportunities

· Potential Growth in the Solar PV Market

· Business Expansion

· Acquisitions and Joint Ventures

Threats

· Stringent Government Regulations

· Stiff Competition

· Changes in Technology

Overview

MEMC Electronic Materials, Inc. (MEMC) carries out the manufacturing and sale of wafers and related products for the semiconductor and solar industries. The company leverages upon factors including its vertically integrated structure, broad range of product offerings. The company at the same time faces major threats in terms of intense competition and changes in technology. It can get benefited from the acquisitions and joint ventures, and potential growth in the solar PV market.

Strengths

Broad Range of Products & Manufacturing Facilities

A broad range of products helps the company in minimizing the risk. The company operates in a semiconductor and renewable energy sectors. MEMC is considered to be a strong player in designing and development of silicon wafer technologies for over 50 years. MEMC also enables the next generation of high performance semiconductor devices and solar cells. The company operates its business in two segments, namely, Semiconductor Materials and Solar Energy, through which it offers a wide range of products. The product categories of the company are broadly classified under the heads, namely; polished products including products such as standard wafer, advanta, optia, annealed wafer, test and monitor wafers; EPI's including standard CMOS Epi, power/ discrete Epi, custom epitaxial wafers; solar wafers; perfect silicon products; magic denuded zone products; SOI's; and high and ultrahigh resistivity wafers. Through its SunEdison subsidiary, the company is also a developer and a leader in the solar energy services. The product development process at MEMC makes use of various industry standard technologies to develop products which are competent in the market. The company leverages its strong manufacturing base to serve customers effectively. The company has R&D and manufacturing facilities in the US, South Korea, Taiwan, Malaysia, Italy and Japan. Such a network of manufacturing plants located across the world enables the company to sell products more efficiently to increase its market and contribute to higher profitability.

Intellectual Property Portfolio

Securing patent rights is important for the development of the companyâ€™s product portfolio. Strong patent portfolio creates market exclusivity for the company's products, providing a competitive advantage over its competitors. As of December 2011, the company had around 250 U.S. Patents and approximately 450 foreign patents. These foreign patents are counterparts of its US patents. The company also has approximately 185 pending US patent applications and around 350 pending foreign patent applications in its portfolio. The patents owned by the company are related to polysilicon technology. These intellectual property portfolio helps the company to take full advantage of its products.

Integrated Structure

MEMC is a vertically integrated company with operations in development, manufacture and sale of silicon wafers. The company has its presence across the value chain, focusing on the design and development of wafer technologies over the past 50 years. It operates various facilities in the US, Europe, and Asia Pacific. The company provides wafers in sizes ranging from 100 millimeters (4 inch) to 300 millimeters (12 inch) for semiconductor applications and 156 millimeter wafers for solar applications. Further, depending on the market scenario, the company sells intermediate products such as polysilicon and ingots to semiconductor device and equipment makers, solar cell and module manufacturers, flat panel and other industries. This collectively gives the company a critical competitive edge over other players with better control over time, cost and quality.

Weaknesses

Substantial Debt

High debt burden could have a major impact on the operational performance of the company as a major portion of the company's earnings would be diverted towards servicing its debt obligations. The company reported an increase in the debt to equity ratio of 261.12% in 2011 over the previous year's figure of 30.32%. The increase in the debt to equity ratio of the company signifies that the company's debt increased substantially, which means that the company would incur more interest expenditure and it would have a negative effect on the overall profitability. Moreover, the company's total long-term debt increased to $1778.9m in 2011 from $610.6m in 2010. With such high levels of debt, the company would have to dedicate a significant portion of its cash flow from operations to service interest and principal payments which could have been used for other expansion activities.

Deteriorating Profitability Ratios

Deteriorating profitability ratios indicate that the company has been performing low and is not in a position to deliver value as expected by its shareholders. In fiscal 2011, the company recorded decline across its various profitability indicators. The company registered an operating loss of $1300.5m during the fiscal year ended 2011, as compared to an operating profit of $21.1m. The decrease in operating profit resulted in the decreased net profit levels. Its net loss was $1536m during the fiscal year ended 2011, as compared to net profit of $34.4m. The operating and net losses of the company resulted in decreased profitability ratios. The company reported operating margin of -47.89% in 2011, as compared to 0.94% in 2010. The company also reported decreased return on equity (ROE) in 2011. Its ROE was -208.15% for fiscal year 2011, compared to 1.53% in 2010. Its return on capital employed was -37.75% in the fiscal year ended 2011, compared to 0.63% in 2010. Also, its return on assets, return on fixed assets, and return on working capital were -31.46%, -43.41%, and -289.64%, respectively in 2011 compared to 0.75%, 0.73% and 4.65% in 2010.

Opportunities

Potential Growth in the Solar PV Market

The company could benefit from the rapidly growing solar photovoltaics (PV) market, fueled by various effective supporting policies and sharp cost reduction in the recent past. The global cumulative installed solar PV power capacity has led to substantial growth, reaching 14 GW in 2008 from 0.1 GW in 1992, recording average annual growth rate of 40% for the period. The global cumulative installed solar PV power capacity is expected to reach 200 GW by 2020, growing at an average annual growth rate of 17%. The cumulative installed solar PV capacity is expected to increase further, reaching 900 GW by 2030 with a contribution of about 5% in the global energy production, according to in-house estimates. This capacity is expected to reach 3,000 GW by 2050, contributing 11% to the global energy production by 2050. Also, the annual volume of new installed capacity is expected to cross 100 GW mark. Germany is the largest solar PV market with a cumulative installed solar PV capacity of 5.3 GW, with 36% of the global market followed by Spain with 3.2 GW, Japan (2.1 GW) and the US (1.2 GW). These major countries hold about 80% of the global cumulative installed PV capacity. Other potential solar PV markets include countries such as Australia, China, France, Greece, India, Italy, Korea, and Portugal. This upward trend would create ample growth opportunities for the company.

Business Expansion

New products helps the company in enhancing its business operations and profitability. In July 2012, the company introduced advanced semiconductor wafer to enable high volume manufacturing of multigate devices. The newly introduced MEMC FOX-Si, an innovative and cost-effective silicon wafer is designed specifically for delivering advanced FinFET technology with oxide dielectric isolation. This wafers helps in lowering the cost and better manufacturability for its customers. In April 2012, the company started a 25 MW solar photovoltaic (PV) power plant located within a multi-developer, multi-facility solar park at Charanka village in Patan district, Gujarat, India. The project comprises more than 89,000 solar PV modules and is expected to produce more than 40 million kilowatt hours of clean solar energy in the first year of operation alone.

Acquisitions and Joint Ventures

New acquisitions helps the company in increasing its network and market share. In September 2011, the company through its subsidiary SunEdison, acquired Fotowatio Renewable Ventures, Inc.(FRV U.S), a 100% owned US subsidiary of Fotowatio Renewable Ventures. This acquisition will help the company in securing a leading position in the US utility market. It adds 42 megawatt (MW) of operating solar power plants and 28 projects, which are at various stages of development and providing SunEdison with up to 1.4 GW of solar projects in the US. It also helps in lowering the cost of solar deployments through innovation and technology advancements, while providing economic solar solutions to its customers. In 2011, the company also entered into a joint venture agreement with Samsung Fine Chemicals to produce high purity polysilicon in Ulsan, Korea. This joint venture was a 50-50 capital investment types and is expected to build and operate a new facility on an existing SFC property in Ulsan thus allowing MEMC to enter into the fast moving renewable energy market and establishes a new engine for long-term growth.

Threats

Stringent Government Regulations

New government regulations related to the companyâ€™s products and services may result in significant additional expenses, thus hampering its business growth. The company is subject to numerous rules and regulations of various governments, national and local, in its area of operations. Further, it is also subject to various environmental norms and regulations relating to safety and environmental protection. In a number of countries, these regulations and policies are likely to be modified in the near future. The company has its projects under various phases of development and any such change in policy may lead to the company incurring more expenses.

Stiff Competition

The company is into the core developing industries including semiconductor, solar technology and wafer technology which is exposed to strong competition from various emerging players in the industry. MEMC's markets are also characterized by intense competition, evolving industry standards and business models. The demand for its products depends on the competitive atmosphere, including the timely development and introduction of new and competitive products and the companyâ€™s response to downward pricing to sustain competition. The companies in the semiconductor wafer include Shin-Etsu Handotai, SUMCO, Siltronic, LG Siltron and Covalent which could have greater experience, research and development capabilities, greater manufacturing, marketing, financial, and managerial resources than the company. Factors including changes in customer order patterns, changing incentive programs or competitorsâ€™ new products, product quality, consistency, price, technical innovation, customer service and product availability could impact the companyâ€™s competitive ability. Any entry of or expansion by any of these larger companies in the industry could increase the competitive pressure on the company and limit its ability to maintain or increase its rates.

Changes in Technology

The semiconductor industry is characterized by rapid advances in technology. Progress takes the form of higher circuit densities, finer lines, new applications for semiconductors, greater precision and higher manufacturing efficiency. Customers have a broad range of technological demands with regard to silicon wafers supplied by the company and are constantly demanding the achievement of even higher specifications. For the purpose of increasing its market share, the company is engaged in R&D activities with an emphasis on new technologies. However, R&D activities may not produce the expected benefits due to difficulties in responding to technological advances in the semiconductor industry, the companyâ€™s inability to comply with customer demands, or other problems. These events could have major repercussions on the companyâ€™s business or operating results.

Location
501 Pearl Dr St Peters, MO 63376-1071 United States

County:	St Charles
MSA:	St Louis, MO

Phone:	636-474-5000
Fax:	636-474-5158
URL:	http://memc.com

ABI^©:	001021419

Annual Sales:	$2,715,500,000 (USD)
Employees:	6,840

Facility Size(ft²):	40,000+
Facility Own/Lease:	Own

Business Type:	Public
Location Type:	Headquarter

Ticker:	WFR
Exchange:	NYSE


Primary Line of Business:
SIC:	3674-01 - Semiconductor Devices (Mfrs)
NAICS:	334413 - Semiconductors & Related Devices Mfg
Secondary Lines of Business:
SICs:	2819-98 - Industrial Inorganic Chmcls NEC (Mfrs)
	3339-06 - Silicon (Mfrs)
	5065-19 - Electronic Equipment & Supplies-Whls
	5099-05 - Importers (Whls)
	8742-13 - Marketing Programs & Services
	9999-66 - Federal Government Contractors
NAICS:	325188 - All Other Basic Inorganic Chemical Mfg
	331419 - Primary Smelting Of Nonferrous Metals
	423990 - All Other Durable Goods Merchant Whols
	541613 - Marketing Consulting Svcs
	423690 - Other Electronic Parts Merchant Whols

Corporate Structure News

MEMC Electronic Materials, Inc.
Total Corporate Family Members: 1630
Excluded Small Branches and/or Trading Addresses: 293 (Available via export)

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
TPG Capital, L.P.	Parent	Fort Worth, TX	United States	Investment Services	51,500.0	11,000
NCL Corp Ltd	Joint Venture	Miami, FL	United States	Recreational Activities	2,219.3	14,072
Norwegian Cruise Line	Subsidiary	Miami, FL	United States	Recreational Activities		6,700
Polynesian Adventure Tours Inc.	Subsidiary	Honolulu, HI	United States	Miscellaneous Transportation	30.0	170
Iasis Healthcare LLC	Subsidiary	Franklin, TN	United States	Healthcare Facilities	2,787.1	10,379
Saint Joseph Medical Center	Subsidiary	Houston, TX	United States	Healthcare Facilities	167.9	2,400
Saint Lukes Medical Center	Subsidiary	Phoenix, AZ	United States	Healthcare Facilities	64.8	1,200
Glenwood Regional Medical Center	Subsidiary	West Monroe, LA	United States	Healthcare Facilities	85.0	1,000
Wadley Regional Medical Center	Subsidiary	Texarkana, TX	United States	Healthcare Facilities	88.1	800
Southwest General Hospital	Subsidiary	San Antonio, TX	United States	Healthcare Facilities	49.3	750
Davis Hospital And Medical Center	Subsidiary	Layton, UT	United States	Healthcare Facilities	33.4	710
Palms Of Pasadena Hospital	Subsidiary	South Pasadena, FL	United States	Healthcare Facilities	59.0	700
Odessa Regional Medical Ctr-West Campus	Subsidiary	Odessa, TX	United States	Healthcare Facilities	22.2	700
Salt Lake Regional Medical Center	Subsidiary	Salt Lake City, UT	United States	Healthcare Facilities	59.9	600
Memorial Hospital Of Tampa	Subsidiary	Tampa, FL	United States	Healthcare Facilities	36.5	500
Town And Country Hospital	Subsidiary	Tampa, FL	United States	Healthcare Facilities	28.0	500
Pioneer Valley Hospital	Subsidiary	West Valley City, UT	United States	Healthcare Facilities	51.0	450
Jordan Valley Medical Center	Subsidiary	West Jordan, UT	United States	Healthcare Facilities	31.8	400
Tempe Saint Lukes Hospital	Subsidiary	Tempe, AZ	United States	Healthcare Facilities	24.3	300
Odessa Regional Medical Ctr-East Campus	Subsidiary	Odessa, TX	United States	Healthcare Facilities	29.7	280
Health Choice Arizona Inc	Subsidiary	Phoenix, AZ	United States	Insurance (Accident and Health)		260
Saint Lukes Behavioral Health Center	Subsidiary	Phoenix, AZ	United States	Healthcare Facilities	10.7	250
Pikes Peak Regional Hospital	Subsidiary	Woodland Park, CO	United States	Healthcare Facilities	21.2	200
Mountain Vista Medical Center	Subsidiary	Mesa, AZ	United States	Healthcare Facilities	9.5	90
North Vista Hospital	Subsidiary	North Las Vegas, NV	United States	Healthcare Facilities	43.1	50
Medical Center Of Southeast TX	Branch	Port Arthur, TX	United States	Healthcare Facilities	2.2	21
The Medical Center Of Southeast Texas	Subsidiary	Port Arthur, TX	United States	Healthcare Facilities
PETCO Animal Supplies, Inc.	Joint Venture	San Diego, CA	United States	Retail (Specialty)	1,996.1	9,900
PETCO Distribution Center	Branch	Braselton, GA	United States	Miscellaneous Capital Goods	236.0	250
PETCO Distribution Center	Branch	Monroe Twp, NJ	United States	Miscellaneous Capital Goods	188.8	200
PETCO	Branch	New York, NY	United States	Retail (Specialty)	8.2	52
PETCO	Branch	New York, NY	United States	Retail (Specialty)	7.9	50
PETCO	Branch	Maple Grove, MN	United States	Retail (Specialty)	7.1	45
PETCO	Branch	Fargo, ND	United States	Retail (Specialty)	7.1	45
PETCO	Branch	Minnetonka, MN	United States	Retail (Specialty)	6.3	40
PETCO	Branch	North Syracuse, NY	United States	Retail (Specialty)	6.0	38
PETCO	Branch	East Hanover, NJ	United States	Retail (Specialty)	5.7	36
PETCO	Branch	Montebello, CA	United States	Retail (Specialty)	5.7	36
PETCO	Branch	San Jose, CA	United States	Retail (Specialty)	5.7	36
PETCO	Branch	Washington, DC	United States	Retail (Specialty)	5.5	35
PETCO	Branch	Altoona, PA	United States	Retail (Specialty)	5.5	35
PETCO	Branch	Burbank, CA	United States	Retail (Specialty)	5.5	35
PETCO	Branch	Temecula, CA	United States	Retail (Specialty)	5.5	35
PETCO	Branch	Sioux Falls, SD	United States	Retail (Specialty)	5.5	35
PETCO	Branch	Concord, NH	United States	Retail (Specialty)	5.5	35
PETCO	Branch	Manchester, NH	United States	Retail (Specialty)	5.3	34
PETCO	Branch	N Kansas City, MO	United States	Retail (Specialty)	5.3	34
PETCO	Branch	Auburn, MA	United States	Retail (Specialty)	5.2	33
PETCO	Branch	Shrewsbury, MA	United States	Retail (Specialty)	5.2	33
PETCO	Branch	San Francisco, CA	United States	Retail (Specialty)	5.0	32
PETCO	Branch	Leominster, MA	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Redding, CA	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Monroeville, PA	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Beachwood, OH	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Taunton, MA	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Camarillo, CA	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Fort Worth, TX	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Las Cruces, NM	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Garden City Park, NY	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Highland, IN	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Royersford, PA	United States	Retail (Specialty)	4.7	30
PETCO	Branch	La Mesa, CA	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Victorville, CA	United States	Retail (Specialty)	4.7	30
PETCO	Branch	New Orleans, LA	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Enfield, CT	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Nashua, NH	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Clive, IA	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Westlake Village, CA	United States	Retail (Specialty)	4.7	30
PETCO	Branch	Brooklyn Park, MN	United States	Retail (Specialty)	4.6	29
PETCO	Branch	Puyallup, WA	United States	Retail (Specialty)	4.4	28
PETCO	Branch	Ramsey, NJ	United States	Retail (Specialty)	4.4	28
PETCO	Branch	Lincoln, NE	United States	Retail (Specialty)	4.4	28
PETCO	Branch	Easton, PA	United States	Retail (Specialty)	4.4	28
PETCO	Branch	Kenosha, WI	United States	Retail (Specialty)	4.4	28
PETCO	Branch	Encino, CA	United States	Retail (Specialty)	4.4	28
PETCO	Branch	Peabody, MA	United States	Retail (Specialty)	4.4	28
PETCO	Branch	Needham, MA	United States	Retail (Specialty)	4.2	27
PETCO	Branch	York, PA	United States	Retail (Specialty)	4.2	27
PETCO	Branch	Escondido, CA	United States	Retail (Specialty)	4.2	27
PETCO	Branch	Keene, NH	United States	Retail (Specialty)	4.2	27
PETCO	Branch	Maplewood, MN	United States	Retail (Specialty)	4.2	27
PETCO	Branch	Richfield, MN	United States	Retail (Specialty)	4.2	27
PETCO	Branch	King Of Prussia, PA	United States	Retail (Specialty)	4.2	27
PETCO	Branch	Duluth, MN	United States	Retail (Specialty)	4.1	26
PETCO	Branch	Elk Grove, CA	United States	Retail (Specialty)	4.1	26
PETCO	Branch	Fresno, CA	United States	Retail (Specialty)	4.1	26
PETCO	Branch	San Diego, CA	United States	Retail (Specialty)	4.1	26
PETCO	Branch	Omaha, NE	United States	Retail (Specialty)	4.1	26
PETCO	Branch	Gilbert, AZ	United States	Retail (Specialty)	4.1	26
PETCO	Branch	Eau Claire, WI	United States	Retail (Specialty)	4.1	26
PETCO	Branch	West Orange, NJ	United States	Retail (Specialty)	4.1	26
PETCO	Branch	Appleton, WI	United States	Retail (Specialty)	4.1	26
PETCO	Branch	Citrus Heights, CA	United States	Retail (Specialty)	4.1	26
PETCO	Branch	Lynnwood, WA	United States	Retail (Specialty)	4.1	26
PETCO	Branch	Farmington, NM	United States	Retail (Specialty)	4.1	26
PETCO	Branch	El Cajon, CA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Salina, KS	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Mt Vernon, WA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Patchogue, NY	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Sacramento, CA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Monterey, CA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Helena, MT	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Spokane, WA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Alexandria, VA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Corvallis, OR	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Watauga, TX	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Baldwin, NY	United States	Retail (Specialty)	3.9	25
PETCO	Branch	West Babylon, NY	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Omaha, NE	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Brookfield, CT	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Longmont, CO	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Woodbury, MN	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Plover, WI	United States	Retail (Specialty)	3.9	25
PETCO	Branch	San Marcos, CA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Chester, VA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Pearl City, HI	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Sarasota, FL	United States	Retail (Specialty)	3.9	25
PETCO	Branch	State College, PA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Broomfield, CO	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Toms River, NJ	United States	Retail (Specialty)	3.9	25
PETCO	Branch	South Attleboro, MA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Greensburg, PA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Waite Park, MN	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Apple Valley, MN	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Lake Orion, MI	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Normal, IL	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Santee, CA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Marion, IA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Christiana, DE	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Carbondale, IL	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Watertown, NY	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Cleveland, OH	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Lafayette, LA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Batavia, NY	United States	Retail (Specialty)	3.9	25
PETCO	Branch	North Haven, CT	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Delafield, WI	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Foster City, CA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Merrillville, IN	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Valley Stream, NY	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Eden Prairie, MN	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Sioux City, IA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	St Paul, MN	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Green Bay, WI	United States	Retail (Specialty)	3.9	25
PETCO	Branch	Appleton, WI	United States	Retail (Specialty)	3.9	25
PETCO	Branch	North Andover, MA	United States	Retail (Specialty)	3.9	25
PETCO	Branch	The Villages, FL	United States	Retail (Specialty)	3.8	24
PETCO	Branch	Torrance, CA	United States	Retail (Specialty)	3.8	24
PETCO	Branch	Fort Collins, CO	United States	Retail (Specialty)	3.8	24
PETCO	Branch	Elmira, NY	United States	Retail (Specialty)	3.8	24
PETCO	Branch	Chico, CA	United States	Retail (Specialty)	3.8	24
PETCO	Branch	Owings Mills, MD	United States	Retail (Specialty)	3.8	24
PETCO	Branch	Lees Summit, MO	United States	Retail (Specialty)	3.8	24
PETCO	Branch	Napa, CA	United States	Retail (Specialty)	3.8	24
PETCO	Branch	Long Beach, CA	United States	Retail (Specialty)	3.8	24
PETCO	Branch	Shoreline, WA	United States	Retail (Specialty)	3.8	24
PETCO	Branch	Mesquite, TX	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Santa Rosa, CA	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Glendale, CA	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Huntington Beach, CA	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Fayetteville, AR	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Kirkland, WA	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Chula Vista, CA	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Olympia, WA	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Reno, NV	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Fenton, MO	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Troy, MI	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Onalaska, WI	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Vallejo, CA	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Dallas, TX	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Longview, WA	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Massapequa, NY	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Coeur D Alene, ID	United States	Retail (Specialty)	3.6	23
PETCO	Branch	Everett, WA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Redmond, WA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Oak Lawn, IL	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Brentwood, TN	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Las Vegas, NV	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Pittsburgh, PA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Porter Ranch, CA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Sarasota, FL	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Avon, MA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Milltown, NJ	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Alameda, CA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Lake Zurich, IL	United States	Retail (Specialty)	3.5	22
PETCO	Branch	North Riverside, IL	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Waldorf, MD	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Bakersfield, CA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Arnold, MO	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Oshkosh, WI	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Dedham, MA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Orange, CA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	San Pedro, CA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Chicago, IL	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Homestead, PA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Colonie, NY	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Philadelphia, PA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Stillwater, MN	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Redwood City, CA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Rochester, MN	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Mt Pleasant, WI	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Rosenberg, TX	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Klamath Falls, OR	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Columbus, GA	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Lutherville, MD	United States	Retail (Specialty)	3.5	22
PETCO	Branch	Cambridge, MA	United States	Retail (Specialty)	3.3	21
PETCO	Branch	Vacaville, CA	United States	Retail (Specialty)	3.3	21
PETCO	Branch	La Canada, CA	United States	Retail (Specialty)	3.3	21
PETCO	Branch	San Ramon, CA	United States	Retail (Specialty)	3.3	21
PETCO	Branch	Allentown, PA	United States	Retail (Specialty)	3.3	21
PETCO	Branch	Covington, WA	United States	Retail (Specialty)	3.3	21
PETCO	Branch	Wilmington, DE	United States	Retail (Specialty)	3.3	21
PETCO	Branch	Southaven, MS	United States	Retail (Specialty)	3.3	21
PETCO	Branch	East Wenatchee, WA	United States	Retail (Specialty)	3.3	21
PETCO	Branch	Frederick, MD	United States	Retail (Specialty)	3.3	21
PETCO	Branch	Grand Forks, ND	United States	Retail (Specialty)	3.3	21
PETCO	Branch	Beaverton, OR	United States	Retail (Specialty)	3.3	21
PETCO	Branch	Gresham, OR	United States	Retail (Specialty)	3.3	21
PETCO Distribution Center	Branch	Stockton, CA	United States	Miscellaneous Capital Goods	18.9	20
PETCO	Branch	Rockford, IL	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Fridley, MN	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Toledo, OH	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Durham, NC	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Studio City, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	York, PA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Prince Frederick, MD	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Garland, TX	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Canoga Park, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	West Palm Beach, FL	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Santa Ana, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Los Angeles, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Edison, NJ	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Shreveport, LA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Fishers, IN	United States	Retail (Specialty)	3.1	20
PETCO	Branch	West Seneca, NY	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Freehold, NJ	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Overland Park, KS	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Janesville, WI	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Falmouth, MA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Phillipsburg, NJ	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Manitowoc, WI	United States	Retail (Specialty)	3.1	20
PETCO	Branch	San Diego, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Virginia Beach, VA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Florence, AL	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Houston, TX	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Orland Park, IL	United States	Retail (Specialty)	3.1	20
PETCO	Branch	West Des Moines, IA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Tulsa, OK	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Vancouver, WA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Hanover, MA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Seattle, WA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Orem, UT	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Amherst, NY	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Downey, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Woodland Hills, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Seattle, WA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Costa Mesa, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Acworth, GA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Front Royal, VA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Aurora, CO	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Rutland, VT	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Mansfield, MA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Reading, PA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Poway, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Issaquah, WA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Ellicott City, MD	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Augusta, ME	United States	Retail (Specialty)	3.1	20
PETCO	Branch	St Peters, MO	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Hot Springs, AR	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Walker, MI	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Harrisonburg, VA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Lansing, MI	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Carson City, NV	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Algonquin, IL	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Boulder, CO	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Chicago, IL	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Highland Park, IL	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Sterling Heights, MI	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Atlanta, GA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Harrisville, UT	United States	Retail (Specialty)	3.1	20
PETCO	Branch	San Antonio, TX	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Fort Myers, FL	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Bowling Green, OH	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Saugus, MA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Austin, TX	United States	Retail (Specialty)	3.1	20
PETCO	Branch	San Diego, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Portland, OR	United States	Retail (Specialty)	3.1	20
PETCO	Branch	New York, NY	United States	Retail (Specialty)	3.1	20
PETCO	Branch	West Jordan, UT	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Rochester, NY	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Yonkers, NY	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Riverdale, UT	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Duluth, GA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Allen, TX	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Jackson, TN	United States	Retail (Specialty)	3.1	20
PETCO	Branch	San Diego, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Norwood, MA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Lakewood, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Pasadena, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Saugus, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Sunset Valley, TX	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Parsippany, NJ	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Sequim, WA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Irvine, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Nampa, ID	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Greenville, SC	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Lake Geneva, WI	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Midlothian, VA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Denham Springs, LA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Bellevue, NE	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Katy, TX	United States	Retail (Specialty)	3.1	20
PETCO	Branch	West Dundee, IL	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Henderson, NV	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Cape Girardeau, MO	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Santa Barbara, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Mesa, AZ	United States	Retail (Specialty)	3.1	20
PETCO	Branch	College Station, TX	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Orlando, FL	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Burnsville, MN	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Baltimore, MD	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Chattanooga, TN	United States	Retail (Specialty)	3.1	20
PETCO	Branch	St Augustine, FL	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Thousand Oaks, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Orlando, FL	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Spokane, WA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Hendersonville, TN	United States	Retail (Specialty)	3.1	20
PETCO	Branch	San Angelo, TX	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Vancouver, WA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Levittown, NY	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Macedonia, OH	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Morgantown, WV	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Newport News, VA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Salem, OR	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Memphis, TN	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Poughkeepsie, NY	United States	Retail (Specialty)	3.1	20
PETCO	Branch	West Hollywood, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Palmdale, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Hartsdale, NY	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Waltham, MA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Wausau, WI	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Wichita, KS	United States	Retail (Specialty)	3.1	20
PETCO	Branch	San Diego, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Phoenix, AZ	United States	Retail (Specialty)	3.1	20
PETCO	Branch	San Rafael, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Fair Oaks, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Selden, NY	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Torrington, CT	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Bellingham, WA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Tucson, AZ	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Muskogee, OK	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Murrieta, CA	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Roseburg, OR	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Hillside, IL	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Derby, KS	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Amarillo, TX	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Baytown, TX	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Brick, NJ	United States	Retail (Specialty)	3.1	20
PETCO	Branch	Tempe, AZ	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Middletown, RI	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Colorado Springs, CO	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Humble, TX	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Carmel, IN	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Rockwall, TX	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Davis, CA	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Farmington, CT	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Houston, TX	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Wichita Falls, TX	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Denver, CO	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Riverside, CA	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Englewood, CO	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Federal Way, WA	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Avondale, AZ	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Petaluma, CA	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Yuba City, CA	United States	Retail (Specialty)	3.0	19
PETCO	Branch	City Of Industry, CA	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Modesto, CA	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Norton Shores, MI	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Seekonk, MA	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Mountain Home, AR	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Van Nuys, CA	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Roseville, CA	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Holyoke, MA	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Des Moines, IA	United States	Retail (Specialty)	3.0	19
PETCO	Branch	Fremont, CA	United States	Retail (Specialty)	3.0	19
PETCO	Branch	California, MD	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Encinitas, CA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Nashville, TN	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Paso Robles, CA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Huntington Beach, CA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Richardson, TX	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Lake Forest, CA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Medina, OH	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Houston, TX	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Brooksville, FL	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Fort Smith, AR	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Mission Viejo, CA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Centennial, CO	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Tampa, FL	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Santa Barbara, CA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Clifton Heights, PA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Chubbuck, ID	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Gadsden, AL	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Folsom, CA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Midvale, UT	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Pittsburgh, PA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Westland, MI	United States	Retail (Specialty)	2.8	18
PETCO	Branch	La Habra, CA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Columbia, MO	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Waterbury, CT	United States	Retail (Specialty)	2.8	18
PETCO	Branch	San Dimas, CA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Waterloo, IA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Skokie, IL	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Danville, VA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Quincy, IL	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Jefferson City, MO	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Walnut Creek, CA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Rochester, NY	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Baileys Crossrds, VA	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Asheville, NC	United States	Retail (Specialty)	2.8	18
PETCO	Branch	Tulsa, OK	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Cedar Hill, TX	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Walla Walla, WA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Mt Prospect, IL	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Brookfield, WI	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Washington, PA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Wooster, OH	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Las Vegas, NV	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Coon Rapids, MN	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Great Falls, MT	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Muncy, PA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Daly City, CA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Sacramento, CA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Brooklyn, NY	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Wesley Chapel, FL	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Miami, FL	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Manchester, MO	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Woburn, MA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Irondequoit, NY	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Commack, NY	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Ann Arbor, MI	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Santa Fe, NM	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Fairfield, CA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Ranson, WV	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Northridge, CA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Chula Vista, CA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Allston, MA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Hingham, MA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	San Diego, CA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Olney, MD	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	San Jose, CA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Albertson, NY	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Tallahassee, FL	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Columbia, MD	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Mentor, OH	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Oakland Park, FL	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Kirkwood, MO	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Santa Clara, CA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	San Gabriel, CA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Lincoln, NE	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Pittsfield, MA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Bakersfield, CA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Westminster, CO	United States	Retail (Specialty)	2.7	17
PETCO	Branch	San Bruno, CA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Albuquerque, NM	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	San Diego, CA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Simi Valley, CA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Arlington, MA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Monrovia, CA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Fair Oaks, CA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Brentwood, MO	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Westminster, CO	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Mcminnville, OR	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Houma, LA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Johnstown, PA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Vernon Hills, IL	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Phoenix, AZ	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Anaheim, CA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Colorado Springs, CO	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Sunnyvale, CA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Tualatin, OR	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Carle Place, NY	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Roswell, GA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Boise, ID	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Reading, PA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Lakewood, WA	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Los Angeles, CA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Wellesley, MA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Woburn, MA	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	New York, NY	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	New York, NY	United States	Retail (Specialty)	2.7	17
Unleashed By PETCO	Branch	Severna Park, MD	United States	Retail (Specialty)	2.7	17
PETCO	Branch	Peoria, IL	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Houston, TX	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Plano, TX	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Park City, UT	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Sugar Land, TX	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Manchester, CT	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Eugene, OR	United States	Retail (Specialty)	2.5	16
PETCO	Branch	South Portland, ME	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Pittsburgh, PA	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Pasadena, TX	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Holland, OH	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Temple, TX	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Dallas, TX	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Ocean City, MD	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Spring, TX	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Cordova, TN	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Kissimmee, FL	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Hagerstown, MD	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Naperville, IL	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Norwalk, CT	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Elmhurst, IL	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Las Vegas, NV	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Springfield, MA	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Newington, CT	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Naples, FL	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Carmel, IN	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Tukwila, WA	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Highlands Ranch, CO	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Bowie, MD	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Lithonia, GA	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Grand Junction, CO	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Birmingham, AL	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Riverside, CA	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Syosset, NY	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Riverside, CA	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Salem, NH	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Brighton, MA	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Rockville, MD	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Snellville, GA	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Hillsboro, OR	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Jonesboro, AR	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Bellevue, WA	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Englewood, CO	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Mansfield, TX	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Hickory, NC	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Port Arthur, TX	United States	Retail (Specialty)	2.5	16
PETCO	Branch	Kokomo, IN	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Riverhead, NY	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Ventura, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Los Angeles, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Hodgkins, IL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Signal Hill, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Juneau, AK	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Houston, TX	United States	Retail (Specialty)	2.4	15
PETCO	Branch	North Las Vegas, NV	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Granger, IN	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Pembroke Pines, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Stratford, CT	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Grapevine, TX	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Idaho Falls, ID	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Edison, NJ	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Bountiful, UT	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Anchorage, AK	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Canton, MI	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Franklin Square, NY	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Orlando, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Corpus Christi, TX	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Orlando, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Fort Myers, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Durham, NC	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Longview, TX	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Hanover, PA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Novato, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Houston, TX	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Beaverton, OR	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Columbus, OH	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Brea, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Bloomingdale, IL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Scottsdale, AZ	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Roswell, NM	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Portage, MI	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Titusville, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Odessa, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Frisco, TX	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Manhattan, KS	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Wellington, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Farragut, TN	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Tucson, AZ	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Glendale, AZ	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Chino, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Cranberry Twp, PA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Beaumont, TX	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Melbourne, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Bartlett, TN	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Nanuet, NY	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Eureka, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Speedway, IN	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Montgomery, AL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Forestville, MD	United States	Retail (Specialty)	2.4	15
PETCO	Branch	South Miami, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Fort Wayne, IN	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Brandon, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Pueblo, CO	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Indianapolis, IN	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Houston, TX	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Buena Park, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Fairfax, VA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Cleveland, TN	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Salt Lake City, UT	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Gilroy, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Chandler, AZ	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Mountain View, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Oceanside, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Middletown, NY	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Phoenix, AZ	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Bremerton, WA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Topeka, KS	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Scranton, PA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Aurora, CO	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Lawrence, KS	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Bay Shore, NY	United States	Retail (Specialty)	2.4	15
PETCO	Branch	North Miami, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Peachtree City, GA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	League City, TX	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Lawrenceville, NJ	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Altoona, PA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Omaha, NE	United States	Retail (Specialty)	2.4	15
PETCO	Branch	West Melbourne, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Willow Grove, PA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Montrose, CO	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Jacksonville, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Paris, TX	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Tacoma, WA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Miami Beach, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Waukesha, WI	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Burlington, MA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Alton, IL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Stafford, VA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Greenfield, WI	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Providence, RI	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Downers Grove, IL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Wilkes Barre, PA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Dekalb, IL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Charlotte, NC	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Gilbert, AZ	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Chula Vista, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Glenwood Springs, CO	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Redondo Beach, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Geneva, IL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Laurel, MD	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Raritan, NJ	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Green Bay, WI	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Redondo Beach, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Santa Monica, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Carrollton, TX	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Dublin, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Roseville, MN	United States	Retail (Specialty)	2.4	15
PETCO	Branch	San Diego, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Houston, TX	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Wichita, KS	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Spokane Valley, WA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Whittier, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Palatine, IL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	San Jose, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Manassas, VA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Natick, MA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Bend, OR	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Rogers, AR	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Sandusky, OH	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Cookeville, TN	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Williamsburg, VA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Altamonte Spgs, FL	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Walterboro, SC	United States	Retail (Specialty)	2.4	15
PETCO	Branch	South Jordan, UT	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Mechanicsburg, PA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Walnut Park, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Brooklyn, NY	United States	Retail (Specialty)	2.4	15
PETCO	Branch	College Point, NY	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Oceanside, CA	United States	Retail (Specialty)	2.4	15
PETCO	Branch	Prescott, AZ	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Phoenix, AZ	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Holland, MI	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Plano, TX	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Grass Valley, CA	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Laredo, TX	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Plano, TX	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Bel Air, MD	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Bellevue, WA	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Chesterfield, MO	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Parlin, NJ	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Tustin, CA	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Germantown, TN	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Colorado Springs, CO	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Cutler Bay, FL	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Port Hueneme, CA	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Union City, CA	United States	Retail (Specialty)	2.2	14
PETCO	Branch	El Cajon, CA	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Pearland, TX	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Osage Beach, MO	United States	Retail (Specialty)	2.2	14
PETCO	Branch	New York, NY	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Cheyenne, WY	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Greeley, CO	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Pittsburgh, PA	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Mason City, IA	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Los Angeles, CA	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Quincy, MA	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Erie, PA	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Bowling Green, KY	United States	Retail (Specialty)	2.2	14
PETCO	Branch	Conroe, TX	United States	Retail (Specialty)	2.2	14
PETCO	Branch	St Louis, MO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Oklahoma City, OK	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Lompoc, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Chesterfield, MI	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Stockton, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Cerritos, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Port St Lucie, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Pflugerville, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Hudson, MA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Edwardsville, IL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Albany, OR	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Pinellas Park, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Bonney Lake, WA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Charlotte, NC	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Creve Coeur, MO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Kinnelon, NJ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Middletown, OH	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Yakima, WA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Antioch, TN	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Morrow, GA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Baton Rouge, LA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Tracy, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Warrenton, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Beltsville, MD	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Glendale, AZ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Kernersville, NC	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Visalia, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Sebring, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Meridian, MS	United States	Retail (Specialty)	2.0	13
PETCO	Branch	West St Paul, MN	United States	Retail (Specialty)	2.0	13
PETCO	Branch	West Bend, WI	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Oro Valley, AZ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Indianapolis, IN	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Denver, CO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Indio, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Lake Grove, NY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Portland, OR	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Claremont, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Wilmington, DE	United States	Retail (Specialty)	2.0	13
PETCO	Branch	North East, MD	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Granada Hills, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	El Cerrito, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Gig Harbor, WA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	San Diego, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Plantation, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Roseville, MI	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Battle Creek, MI	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Avon, CT	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Warminster, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Evans, GA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Exton, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Fairbanks, AK	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Keizer, OR	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Raleigh, NC	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Las Vegas, NV	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Moorpark, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Dallas, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	St Joseph, MO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	North Dartmouth, MA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Cumming, GA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Wareham, MA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Romeoville, IL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Norman, OK	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Morgan Hill, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Milford, CT	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Fontana, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Joliet, IL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Austin, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	El Centro, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Fredericksburg, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Bloomsburg, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Jupiter, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Mt Pleasant, SC	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Goshen, IN	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Aurora, CO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Frisco, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Port Richey, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Swampscott, MA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Amherst, NH	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Avon, OH	United States	Retail (Specialty)	2.0	13
PETCO	Branch	New York, NY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Hamden, CT	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Cary, NC	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Frankfort, KY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Elk Grove, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Yorktown Heights, NY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Gadsden, AL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Leominster, MA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Knoxville, TN	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Irving, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Rocky Point, NY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Tustin, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	St Augustine, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Pensacola, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Warrenton, OR	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Willimantic, CT	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Fairfield, CT	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Coppell, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Hermitage, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Walnut Creek, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Temecula, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Seattle, WA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Falls Church, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Vienna, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	San Luis Obispo, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Little Rock, AR	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Dubuque, IA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Clifton, NJ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Reading, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Germantown, WI	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Corona, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Jacksonville, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Sherman, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Decatur, AL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Metairie, LA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Novi, MI	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Spartanburg, SC	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Plymouth, MA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Orlando, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Brownsville, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Brooklyn, NY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Indianapolis, IN	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Golden, CO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Alpharetta, GA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Pomona, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Round Lake Beach, IL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	San Antonio, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Las Vegas, NV	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Homewood, IL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	San Antonio, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Tamarac, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Opelika, AL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Kingman, AZ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Chandler, AZ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Colma, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Rocklin, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Casper, WY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Glen Burnie, MD	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Kennewick, WA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	La Quinta, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Brooklyn, NY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Marysville, WA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Mesa, AZ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Staten Island, NY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Riverbank, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Windsor, CT	United States	Retail (Specialty)	2.0	13
PETCO	Branch	La Plata, MD	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Fairview Park, OH	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Mission, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Triadelphia, WV	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Mira Loma, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Clinton, MD	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Yulee, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Kailua Kona, HI	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Glen Allen, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Chicago, IL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Atwater, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Sewell, NJ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Los Banos, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Goodyear, AZ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Harker Heights, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Ardmore, OK	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Coralville, IA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Clermont, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Norridge, IL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Allentown, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Flagstaff, AZ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Harrisburg, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Dardenne Prairie, MO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Branson, MO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Auburn, ME	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Sumter, SC	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Naples, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Rapid City, SD	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Hutchinson, KS	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Mankato, MN	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Benton, AR	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Madera, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Du Bois, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Stowe, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Homestead, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Chaska, MN	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Succasunna, NJ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Menifee, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Statesboro, GA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Halethorpe, MD	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Ocala, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Fort Worth, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Norfolk, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Aurora, CO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Strongsville, OH	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Lawrenceville, GA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Lisbon, CT	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Portsmouth, NH	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Eatontown, NJ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Vancouver, WA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Midlothian, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Williamsville, NY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Charleston, SC	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Austin, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Blue Springs, MO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	San Francisco, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Dover, NH	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Port Orange, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Palm Beach Gdns, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Warwick, RI	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Princeton, NJ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Prescott, AZ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	N Chesterfield, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Kent, WA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Larchmont, NY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Los Angeles, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Iselin, NJ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Hallandale Beach, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Middletown, NJ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Boynton Beach, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	New York, NY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Yonkers, NY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Kaneohe, HI	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Montgomery Vlg, MD	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Apopka, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Arroyo Grande, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Chattanooga, TN	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Henderson, NV	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Gloucester, MA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Independence, MO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Humble, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Carmel, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Livermore, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Northridge, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Fontana, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Tallahassee, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Richardson, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Torrance, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Citrus Heights, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Houston, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Appleton, WI	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Woodbridge, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Seattle, WA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Vienna, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	The Woodlands, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Philadelphia, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Albuquerque, NM	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Bangor, ME	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Kalispell, MT	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Grand Prairie, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Anaheim, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Boca Raton, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Kansas City, MO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Edmond, OK	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Redlands, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Anchorage, AK	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Whitehall, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	San Francisco, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Shorewood, IL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Syracuse, NY	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Leesburg, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	West Chester, OH	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Bloomington, IN	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Portland, OR	United States	Retail (Specialty)	2.0	13
PETCO	Branch	St Charles, IL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Clackamas, OR	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Stillwater, OK	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Laveen, AZ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Union Gap, WA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Mooresville, NC	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Orange City, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Milford, MA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Wadsworth, OH	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Huntersville, NC	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Clinton, CT	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Murfreesboro, TN	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Paramus, NJ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Richland, WA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Kapolei, HI	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Poulsbo, WA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Palm Springs, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Hampton, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Midland, MI	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Beaumont, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Lake Charles, LA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	San Antonio, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	San Antonio, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Butler, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Fort Myers, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Grants Pass, OR	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Annapolis, MD	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Union, NJ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Kyle, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Hoover, AL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Bastrop, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Concord, CA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Palm Harbor, FL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Acton, MA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Brick, NJ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	St Paul, MN	United States	Retail (Specialty)	2.0	13
PETCO	Branch	West Valley, UT	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Kahului, HI	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Annandale, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Glenarden, MD	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Charlottesville, VA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Laredo, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Hawthorne, NJ	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Mchenry, IL	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Lancaster, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Washington, MO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Bethlehem, PA	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Missouri City, TX	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Denver, CO	United States	Retail (Specialty)	2.0	13
PETCO	Branch	Mt Vernon, WA	United States	Retail (Specialty)	2.0	13
Grohe AG	Subsidiary	DÃ¼sseldorf, Nordrhein-Westfalen	Germany	Construction - Supplies and Fixtures	1,235.1	8,700
Grohe Water Technology AG & Co. Kg	Subsidiary	Hemer	Germany	Construction - Supplies and Fixtures		1,500
Grohe Portugal - Componentes SanitÃ¡rios, Lda	Subsidiary	Albergaria-a-Velha, Aveiro	Portugal	Construction - Supplies and Fixtures	175.2	800
Grohe Portugal - Componentes S.A.nitÃ¡rios, LDA	Subsidiary	Albergaria-A-Velha, Albergaria-A-Velha	Portugal	Miscellaneous Capital Goods	184.7	629
Grohe Deutschland Vertriebs GmbH	Subsidiary	Porta Westfalica, Nordrhein-Westfalen	Germany	Construction - Supplies and Fixtures	175.0	120
Grohe America, Inc.	Subsidiary	Bloomingdale, IL	United States	Construction - Supplies and Fixtures	17.9	100
H.D. Eichelberg & Co. GmbH	Subsidiary	Menden	Germany	Construction - Supplies and Fixtures	1.0	100
Dal-Georg Rost & Sohne Sanitar-Armaturen Gmbh	Subsidiary	Porta Westfalica	Germany	Construction - Supplies and Fixtures		100
H.D. Eichelberg & Co. GmbH	Subsidiary	Hemer	Germany	Fabricated Plastic and Rubber	1,502.7	70
Grohe Pacific Pte Ltd	Subsidiary	Singapore	Singapore	Construction - Supplies and Fixtures	62.1	66
Grohe Japan Ltd.	Subsidiary	Tokyo	Japan	Construction - Supplies and Fixtures		60
Grohe GmbH	Subsidiary	Vienna	Austria	Construction - Supplies and Fixtures	36.3	45
Grohe EspaÃ±a Sa	Subsidiary	L' Hospitalet De Llobregat, Barcelona	Spain	Miscellaneous Capital Goods	48.4	43
Grohe A/S	Subsidiary	Vaerlose	Denmark	Construction - Supplies and Fixtures	34.5	42
Grohe	Subsidiary	Winksele	Belgium	Construction - Supplies and Fixtures	66.6	33
GROHEDAL SanitÃ¤rsysteme GmbH	Subsidiary	Porta Westfalica, Nordrhein-Westfalen	Germany	Construction - Supplies and Fixtures		30
Grohe Canada, Inc.	Subsidiary	Mississauga, ON	Canada	Construction - Supplies and Fixtures	35.4	12
Grohe Polska Sp. zo.o.	Subsidiary	Warsaw	Poland	Construction - Supplies and Fixtures		10
Grohe A/S	Subsidiary	Oslo	Norway	Construction - Supplies and Fixtures	34.5	8
Grohe (Shanghai) Sanitary Products Co Ltd	Subsidiary	Shanghai	China	Construction - Supplies and Fixtures
AQERO Vertriebs GmbH	Subsidiary	Ludwigsfelde	Germany	Construction - Supplies and Fixtures
Grohe International Gmbh	Subsidiary
Grohe Nederland B.V.	Subsidiary	Zoetermeer	Netherlands	Construction - Supplies and Fixtures		75
Grohe S.a.r.l.	Subsidiary	Courbevoie, La Defense	France	Construction - Supplies and Fixtures	164.9	74
Grohe Ltd.	Subsidiary	Egham	United Kingdom	Miscellaneous Capital Goods	35.8	47
Grohe S.p.A.	Subsidiary	Cambiago, Milan	Italy	Construction - Supplies and Fixtures	80.4	38
Grohe Hong Kong Limited	Subsidiary	North Point, Hong Kong	Hong Kong	Construction - Supplies and Fixtures		17
IMS Health, Inc.	Holding	Danbury, CT	United States	Software and Programming	2,189.7	7,250
IMS Health, Inc.	Branch	Parsippany, NJ	United States	Business Services		1,300
IMS Health	Branch	Collegeville, PA	United States	Healthcare Facilities	145.0	1,000
IMS HEALTH GmbH & Co. OHG	Subsidiary	Frankfurt Am Main, Hessen	Germany	Business Services	112.0	327
IMS Hellas Sole Shareholder Co Ltd	Subsidiary	Athens	Greece	Business Services	11.4	30
IMS Software GmbH	Subsidiary	Bonn, Nordrhein-Westfalen	Germany	Miscellaneous Capital Goods		28
Ims Health	Subsidiary	Puteaux	France	Miscellaneous Financial Services	72.3	224
P R Editions	Subsidiary	Puteaux	France	Printing and Publishing	4.2	34
IMS Brogan	Subsidiary	Kirkland, QC	Canada	Business Services		175
Ims Health Sa	Subsidiary	Madrid	Spain	Business Services	62.4	130
IMS Medical Radar AB	Subsidiary	GÃ¶teborg, VÃ¤stra GÃ¶taland	Sweden	Business Services	19.9	111
IMS Health	Subsidiary	St Leonards, NSW	Australia	Retail (Specialty)	12.6	105
IMS China Metrik Ltd Beijing Representative Office	Subsidiary	Beijing, Beijing	China	Biotechnology and Drugs	23.0	100
Ims Health Tibbi Istatistik Ticaret Ve Musavirlik Ltd Sti	Subsidiary	Istanbul (Europe)	Turkey	Business Services		95
Ims Health	Subsidiary	Vilvoorde	Belgium	Business Services	23.4	93
Schenk Tanktransport Belgium	Subsidiary	Antwerpen	Belgium	Trucking	28.7	179
Source Belgium	Subsidiary	Vilvoorde	Belgium	Business Services	2.5	4
IMS Poland Ltd. Sp. z.o.o.	Subsidiary	Warszawa	Poland	Business Services		90
Pharmetrics Inc	Subsidiary	Watertown, MA	United States	Personal Services	2.5	75
IMS Health GmbH	Subsidiary	Hergiswil Nw, Nidwalden	Switzerland	Business Services		75
Ims Health B.V.	Subsidiary	Capelle Aan Den Ijssel, Zuid-Holland	Netherlands	Biotechnology and Drugs		61
IMS Health	Subsidiary	Saxonwold	South Africa	Business Services	11.0	50
IMS Portugal Lda	Subsidiary	Sintra, Lisboa	Portugal	Business Services	21.2	49
Ims Health Korea Co., Ltd.	Subsidiary	Seoul, Seoul	Korea, Republic of	Business Services	1.6	45
Ims Philippines Inc.	Subsidiary	Makati, Manila	Philippines	Business Services		45
Marketing Initiatives International	Subsidiary	Bedford, NH	United States	Business Services		40
IMS Health a.s.	Subsidiary	Praha	Czech Republic	Business Services	5.2	36
IMS Health Asia Pte Ltd	Subsidiary	Singapore	Singapore	Business Services		35
IMS Health	Branch	Redwood City, CA	United States	Healthcare Facilities	4.4	30
Health Benchmark Inc	Subsidiary	Woodland Hills, CA	United States	Computer Services	2.0	28
TTCLLC	Subsidiary	Philadelphia, PA	United States	Business Services	1.2	25
IMS HEALTH SzolgÃ¡ltatÃ³ Kft	Subsidiary	Budapest	Hungary	Business Services		22
IMS Health Sweden AB	Subsidiary	Stockholm, Stockholm	Sweden	Business Services	7.4	21
ValueMedics Research LLC	Subsidiary	Falls Church, VA	United States	Business Services		18
Data Niche Associates Inc	Subsidiary	Deerfield, IL	United States	Computer Services		16
Decision View	Subsidiary	San Francisco, CA	United States	Retail (Drugs)	2.7	15
IMS Health	Subsidiary	Auckland	New Zealand	Business Services	1.5	10
Ims Health Limited	Subsidiary	Dublin	Ireland	Business Services	7.3	8
Ims Health Danmark, Filial af Ims Medical Rader Ab, Sverige	Subsidiary	Hellerup	Denmark	Business Services		5
IMS Health Oy	Subsidiary	Espoo	Finland	Business Services	1.5
Source Informatics Ltd.	Subsidiary	London	United Kingdom	Business Services
Pharmadeals Ltd.	Subsidiary	London	United Kingdom	Business Services
IMS Health Indonesia, PT	Subsidiary	Jakarta	Indonesia	Business Services
IMS Health Market Research Consulting (Shanghai) Co Ltd	Subsidiary	Huang Pu District, Shanghai	China	Business Services
IMS Health Norway A/S	Subsidiary	Oslo	Norway	Business Services
AboutPharma s.r.l.	Subsidiary	Milano	Italy	Business Services
IMS United Arab Emirates	Subsidiary	Dubai	United Arab Emirates	Printing and Publishing
IMS Health Argentina S.A.	Subsidiary	Buenos Aires	Argentina	Business Services
IMS Bangladesh Ltd	Subsidiary	Dhaka	Bangladesh	Business Services
IMS Bulgaria E.o.o.D.	Subsidiary	Sofia	Bulgaria	Business Services
IMS Health Bolivia S.R.L.	Subsidiary	La Paz	Bolivia	Business Services
IMS Health do Brasil Ltda.	Subsidiary	Sao Paulo, SP	Brazil	Business Services
IMS Health Chile Ltda.	Subsidiary	Las Condes, Santiago	Chile	Business Services
IMS Market Research Consulting (Shanghai) Co Ltd	Subsidiary	Shanghai	China	Printing and Publishing
IMS Health Colombia Interdata S.A.	Subsidiary	BogotÃ¡ DC	Colombia	Business Services
IMS Republica Dominicana, S.A.	Subsidiary	Santo Domingo	Dominican Republic	Business Services
IMS Health Ecuador	Subsidiary	Quito, Pichincha	Ecuador	Business Services
IMS Egypt	Subsidiary	Cairo	Egypt	Business Services
IMS Health CentroamÃ©rica	Subsidiary	Ciudad de Guatemala	Guatemala	Business Services
IMS Hong Kong ChinaMetrik Ltd	Subsidiary	Wanchai	Hong Kong	Printing and Publishing
IMS Health India Private Limited	Subsidiary	Mumbai	India	Business Services
IMS Israel	Subsidiary	Tel Aviv	Israel	Business Services
IMS Jordan	Subsidiary	Amman	Jordan	Business Services
IMS Japan KK	Subsidiary	Tokyo	Japan	Business Services
IMS Health Lanka (Private) Limited	Subsidiary	Colombo	Sri Lanka	Business Services
UAB IMS HEALTH	Subsidiary	Vilnius	Lithuania	Business Services
IMS Health MÃ©xico	Subsidiary	MÃ©xico, D.F.	Mexico	Business Services
Corporativo De Administracion Y Servicios, S.A. De C.V.	Subsidiary	Ciudad De Mexico, Distrito Federal	Mexico	Business Services	3.4	35
Distribuidora De Combustibles, S.A. De C.V.	Subsidiary	Ciudad De Mexico, Distrito Federal	Mexico	Retail (Grocery)	27.3	25
Logyx Almacenadora, S.A. de C.V.	Subsidiary	Tlalnepantla, Estado de MÃ©xico	Mexico	Miscellaneous Transportation
IMS Malaysia Sdn Bhd	Subsidiary	Petaling Jaya, Selangor	Malaysia	Printing and Publishing
IMS Netherlands Holding BV	Subsidiary	Capelle ann der IJssel	Netherlands	Printing and Publishing
IMS Health Pakistan (Private) Ltd.	Subsidiary	Karachi	Pakistan	Business Services
IMS Health del PerÃº S.A.	Subsidiary	Lima	Peru	Business Services
IMS Health Paraguay	Subsidiary	AsunciÃ³n	Paraguay	Business Services
IMS Pharmaceutical Services Srl.	Subsidiary	Bucharest	Romania	Business Services
IMS Russian Federation	Subsidiary	Moscow	Russian Federation	Business Services
IMS Saudi Arabia	Subsidiary	Jeddah	Saudi Arabia	Business Services
IMS Information Medical Statistics spol. s.r.o.	Subsidiary	Bratislava	Slovakia	Business Services
IMS Thailand	Subsidiary	Bangkok	Thailand	Business Services
IMS Tunisia	Subsidiary	Tunis	Tunisia	Business Services
IMS Taiwan	Subsidiary	Taipei	Taiwan	Business Services
IMS Health Uruguay	Subsidiary	Montevideo	Uruguay	Business Services
IMS Health Venezuela	Subsidiary	Caracas	Venezuela	Business Services
IMS Vietnam	Subsidiary	Ho Chi Minh City	Viet Nam	Business Services
IMS Health Marktforschung GmbH	Subsidiary	Wien	Austria	Business Services
PMV De Venezuela, C.A.	Subsidiary	Caracas	Venezuela	Business Services
M&H Informatics AG	Subsidiary	Allschwil	Switzerland	Business Services
IMS Services	Subsidiary	Ljubljana	Slovenia	Business Services
IMS Adriatic d.o.o.	Subsidiary	Zagreb	Croatia	Business Services
Aleris International Inc	Affiliates	Cleveland, OH	United States	Metal Mining	4,826.4	6,900
Aleris Rolled Products North America	Division	Beachwood, OH	United States	Miscellaneous Fabricated Products		8,500
Aleris Aluminium Koblenz GmbH	Subsidiary	Koblenz, Rheinland-Pfalz	Germany	Miscellaneous Fabricated Products	860.2	1,350
Aleris Rolled Products, Inc.	Unit	Lewisport, KY	United States	Miscellaneous Fabricated Products	380.0	850
Aleris Aluminum Duffel	Subsidiary	Duffel	Belgium	Metal Mining	709.5	919
Aleris Aluminum Bonn GmbH	Subsidiary	Bonn, Nordrhein-Westfalen	Germany	Metal Mining	161.4	400
Aleris Aluminium Vogt GmbH	Subsidiary	Vogt, Baden-WÃ¼rttemberg	Germany	Miscellaneous Fabricated Products	110.6	300
Aleris Recycling & Specification Alloys Americas	Division	Beachwood, OH	United States	Metal Mining		300
Aleris Recycling (German Works) GmbH	Subsidiary	Grevenbroich, Nordrhein-Westfalen	Germany	Metal Mining	624.7	520
Aleris Recycling (German Works) Gmbh-Toging	Facility	Toging	Germany	Metal Mining
Wabash Alloys, Inc.	Unit	Wabash, IN	United States	Metal Mining	96.3	300
Aleris Recycling Inc. (Morgantown)	Facility	Morgantown, KY	United States	Metal Mining	77.0	182
Aleris Recycling, Inc. (Sapulpa)	Facility	Sapulpa, OK	United States	Metal Mining		65
Aleris Specialty Products, Inc.	Facility	Hammond, IN	United States	Metal Mining	25.1	25
Aleris Specification Alloy Products Canada Company	Subsidiary	Mississauga, ON	Canada	Chemical Manufacturing		250
Aleris International Inc	Branch	Uhrichsville, OH	United States	Miscellaneous Capital Goods	273.6	240
Aleris International Inc	Branch	Coldwater, MI	United States	Miscellaneous Fabricated Products	85.6	200
Alsco Metals Corp	Subsidiary	Ashville, OH	United States	Containers and Packaging	52.6	200
Aleris Rolled Products, Inc.	Branch	Uhrichsville, OH	United States	Metal Mining	285.0	183
Aleris Aluminum Bitterfeld GmbH	Subsidiary	Bitterfeld, Sachsen-Anhalt	Germany	Miscellaneous Fabricated Products	88.3	150
Aleris Aluminium Profiltechnik	Subsidiary	Bitterfeld	Germany	Miscellaneous Fabricated Products	1.0	120
Imco Recycling Of Loudon Inc	Branch	Loudon, TN	United States	Miscellaneous Fabricated Products	30.0	70
Aleris International Inc	Branch	Sapulpa, OK	United States	Miscellaneous Fabricated Products	14.9	60
Aleris Specialty Products Inc	Subsidiary	Cleveland, OH	United States	Metal Mining		50
Aleris Recycling Inc	Branch	Friendly, WV	United States	Miscellaneous Capital Goods	68.4	60
Alumitech Inc	Branch	Wabash, IN	United States	Miscellaneous Capital Goods	29.6	26
Alumitech Inc	Branch	Orlando, FL	United States	Miscellaneous Fabricated Products	10.0	21
IMCO Recycling Inc	Branch	Rockwood, TN	United States	Metal Mining	13.5	30
Aleris Recycling Inc	Subsidiary	Cleveland, OH	United States	Construction - Raw Materials	450.0	28
Alsco Metals Corp	Branch	Roxboro, NC	United States	Miscellaneous Capital Goods	273.6	240
Alsco Metals Corp	Branch	N Chesterfield, VA	United States	Retail (Home Improvement)	49.0	140
IMCO Recycling Inc	Branch	Hauser, ID	United States	Miscellaneous Fabricated Products	9.8	23
MEMC Electronic Materials, Inc.	Subsidiary	St. Peters, MO	United States	Semiconductors	2,715.5	6,350
MEMC Southwest Inc.	Subsidiary	Sherman, TX	United States	Semiconductors	5.7	1,200
MEMC Electronic Materials Sdn Bhd	Subsidiary	Petaling Jaya, Selangor	Malaysia	Semiconductors	38.2	750
Taisil Electronic Materials Corporation	Subsidiary	Hsin-chu	Taiwan	Semiconductors		650
Memc Korea Co., Ltd.	Subsidiary	Chonan, Chungchongnam-Do	Korea, Republic of	Electronic Instruments and Controls	204.6	640
Sun Edison LLC	Subsidiary	San Francisco, CA	United States	Miscellaneous Capital Goods	26.1	333
MEMC Pasadena, Inc.	Subsidiary	Pasadena, TX	United States	Chemicals - Plastics and Rubber	85.7	200
Sun Edison, LLC	Subsidiary	Beltsville, MD	United States	Electric Utilities	25.2	150
Business Institute Solar Strategy	Subsidiary	Hamburg	Germany	Business Services
Fenwal, Inc.	Holding	Lake Zurich, IL	United States	Scientific and Technical Instruments	109.2	3,500
Nexeo Solutions, LLC	Holding	Dublin, OH	United States	Chemical Manufacturing	4,031.0	2,000
Nexeo Solutions	Branch	Charlotte, NC	United States	Chemical Manufacturing	100.1	100
Nexeo Solutions	Branch	Houston, TX	United States	Chemical Manufacturing	57.9	60
Nexeo Solutions	Branch	Carteret, NJ	United States	Chemical Manufacturing	50.1	50
Nexeo Solutions	Branch	Kenova, WV	United States	Chemical Manufacturing	27.5	50
Nexeo Solutions	Branch	Fairfield, CA	United States	Chemical Manufacturing	35.0	35
Nexeo Solutions	Branch	Franklin Park, IL	United States	Chemical Manufacturing	35.0	35
Nexeo Solutions	Branch	Ashland, KY	United States	Water Utilities	7.7	30
Nexeo Solutions	Branch	Bartow, FL	United States	Chemical Manufacturing	25.0	25
Nexeo Solutions	Branch	Tewksbury, MA	United States	Chemical Manufacturing	20.0	20
Nexeo Solutions	Branch	Lansing, MI	United States	Chemicals - Plastics and Rubber	17.2	16
Nexeo Solutions	Branch	St Louis, MO	United States	Chemical Manufacturing	16.0	16
APAC	Subsidiary	Birmingham, AL	United States	Chemical Manufacturing	16.0	16
Nexeo Solutions	Branch	Savannah, GA	United States	Chemical Manufacturing	8.8	16
Nexeo Solutions	Branch	Louisville, KY	United States	Chemical Manufacturing	15.0	15
Nexeo Solutions	Branch	Warren, MI	United States	Chemical Manufacturing	12.0	12
Nexeo Solutions	Branch	Portland, OR	United States	Chemical Manufacturing	11.0	11
Nexeo Solutions	Branch	Columbia, SC	United States	Chemical Manufacturing	10.0	10
Nexeo Solutions	Branch	Memphis, TN	United States	Chemical Manufacturing	10.0	10
Nexeo Solutions	Branch	Twinsburg, OH	United States	Chemical Manufacturing	9.0	9
Nexeo Solutions	Branch	St Louis, MO	United States	Oil and Gas Operations	39.0	8
Nexeo Solutions	Branch	Freedom, PA	United States	Chemical Manufacturing	8.0	8
Nexeo Solutions	Branch	Huntington Beach, CA	United States	Chemicals - Plastics and Rubber	8.6	7
Nexeo Solutions	Branch	Baton Rouge, LA	United States	Chemical Manufacturing	7.0	7
Nexeo Solutions	Branch	Elkhart, IN	United States	Chemical Manufacturing	7.0	7
Nexeo Solutions	Branch	Tulsa, OK	United States	Chemical Manufacturing	6.0	6
Nexeo Solutions	Branch	Moraine, OH	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Mckinney, TX	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Bay City, MI	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Mobile, AL	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Fountain Hills, AZ	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Cincinnati, OH	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Tonawanda, NY	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Kansas City, KS	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Morrisville, PA	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Doraville, GA	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Denver, CO	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Rensselaer, NY	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Alpharetta, GA	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Commerce, CA	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Elkridge, MD	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Marshville, NC	United States	Chemical Manufacturing	5.0	5
Nexeo Solutions	Branch	Anna, OH	United States	Chemical Manufacturing	5.0	5
Vertafore, Inc.	Holding	Bothell, WA	United States	Software and Programming		1,100
Vertafore FSC, Inc.	Subsidiary	Moorpark, CA	United States	Software and Programming	78.9	230
Vertafore Inc.	Branch	Windsor, CT	United States	Software and Programming	18.1	200
Vertafore	Branch	Indianapolis, IN	United States	Software and Programming	25.1	160
Vertafore	Branch	Conyers, GA	United States	Software and Programming	25.1	160
Sircon Corp.	Subsidiary	Okemos, MI	United States	Software and Programming	34.3	100
Vertafore	Branch	Boulder, CO	United States	Software and Programming	5.0	81
Vertafore	Branch	Pulaski, TN	United States	Software and Programming	12.6	80
Imageright Inc	Subsidiary	Conyers, GA	United States	Business Services	50.3	70
Vertafore	Branch	Tampa, FL	United States	Software and Programming	2.4	15
Stone River FSC Inc	Subsidiary	Moorpark, CA	United States	Printing and Publishing	1.5	5
Aptalis Pharma Inc	Subsidiary	Birmingham, AL	United States	Biotechnology and Drugs	470.4	875
Aptalis Pharma	Branch	Vandalia, OH	United States	Medical Equipment and Supplies	33.5	104
Aptalis Pharma	Branch	Yardley, PA	United States	Biotechnology and Drugs	19.0	20
Aptalis Pharma Inc.	Subsidiary	Mont-Saint-Hilaire, QC	Canada	Biotechnology and Drugs	141.8	875
Aptalis Pharma US, Inc.	Branch	Birmingham, AL	United States	Biotechnology and Drugs		110
Bonne Sante Sp. z.o.o.	Subsidiary	Varsovie	Poland	Biotechnology and Drugs		10
Eurand NV	Subsidiary	Amsterdam	Netherlands	Biotechnology and Drugs	167.7
Aptalis	Subsidiary	Paris	France	Personal and Household Products
Par Pharmaceutical Companies, Inc.	Subsidiary	Woodcliff Lake, NJ	United States	Biotechnology and Drugs	926.1	819
Par Pharmaceutical, Inc.	Subsidiary	Woodcliff Lake, NJ	United States	Biotechnology and Drugs		425
PAR Pharmaceutical Inc	Subsidiary	Spring Valley, NY	United States	Biotechnology and Drugs	85.0	360
PAR Pharmaceuticals Inc	Branch	Suffern, NY	United States	Advertising	0.9	4
Anchen Pharmaceuticals, Inc.	Subsidiary	Irvine, CA	United States	Biotechnology and Drugs		218
Strativa Pharmaceuticals	Branch	Woodcliff Lake, NJ	United States	Biotechnology and Drugs	13.3	14
Par Pharmaceutical, Inc.	Subsidiary	Suffern, NY	United States	Biotechnology and Drugs
Immucor, Inc.	Subsidiary	Norcross, GA	United States	Medical Equipment and Supplies	261.7	757
Immucor Medizinische Diagnostik GmbH	Subsidiary	RÃ¶dermark, Hessen	Germany	Scientific and Technical Instruments	38.8	50
Bioarray Solutions, Ltd.	Subsidiary	Warren, NJ	United States	Scientific and Technical Instruments		50
Immucor Italia Srl	Subsidiary	Milan	Italy	Scientific and Technical Instruments	20.6	49
Dominion Biologicals Ltd.	Subsidiary	Dartmouth, NS	Canada	Scientific and Technical Instruments	14.5	40
Immucor Gamma	Division	Houston, TX	United States	Biotechnology and Drugs	7.8	15
Immucor Gamma	Branch	Atlanta, GA	United States	Healthcare Facilities	3.0	15
Immucor (Portugal) Diagnosticos Medicos, Lda.	Subsidiary	Amadora	Portugal	Scientific and Technical Instruments		8
Immucor Portugal DiagnÃ³sticos MÃ©d.	Branch	Lisboa	Portugal	Medical Equipment and Supplies		7
PRIMEDIA Inc.	Subsidiary	Norcross, GA	United States	Printing and Publishing	232.2	745
Source Interlink Media, LLC	Branch	New York, NY	United States	Printing and Publishing		500
Source Interlink Media	Branch	Coral Springs, FL	United States	Printing and Publishing		595
Source Interlink Media	Branch	Harrisburg, PA	United States	Printing and Publishing		225
Surfer Magazine	Unit	San Clemente, CA	United States	Printing and Publishing		80
Sail Magazine	Unit	Boston, MA	United States	Printing and Publishing		25
Soap Opera Weekly	Unit	New York, NY	United States	Printing and Publishing		22
Baseball America, Inc.	Subsidiary	Durham, NC	United States	Printing and Publishing	8.0	20
Automobile Magazine	Unit	Ann Arbor, MI	United States	Printing and Publishing	7.2	14
Power & Motoryacht	Unit	New York, NY	United States	Printing and Publishing		10
Consumer Source Inc.	Holding	Norcross, GA	United States	Printing and Publishing	160.4	301
Apartment Guide	Branch	Carrollton, TX	United States	Advertising	12.0	26
Apartment Guide	Branch	Bethesda, MD	United States	Advertising	11.5	25
Castle Apartments Inc	Branch	Akron, OH	United States	Advertising	11.5	25
RENTALHOUSES.COM	Branch	Louisville, KY	United States	Advertising	9.2	20
Apartment Guide	Branch	W Conshohocken, PA	United States	Advertising	9.2	20
Distribu Tech Inc	Subsidiary	Norcross, GA	United States	Advertising		20
Distribu Tech	Branch	Gardena, CA	United States	Printing and Publishing	30.1	75
Distribu Tech	Branch	Las Vegas, NV	United States	Advertising	4.5	20
Consumer Source	Subsidiary	Columbia, SC	United States	Advertising	2.3	10
Apartment Guide	Branch	Columbus, OH	United States	Advertising	6.9	15
Consumer Source	Branch	Las Vegas, NV	United States	Advertising	6.9	15
Apartment Guide	Branch	Las Vegas, NV	United States	Advertising	5.5	12
Consumer Source	Branch	Orlando, FL	United States	Advertising	5.1	11
Apartment Guide	Branch	Farmington Hills, MI	United States	Advertising	5.1	11
Apartment Guide	Branch	Boca Raton, FL	United States	Real Estate Operations	2.2	11
New Home Guide	Branch	Nashville, TN	United States	Advertising	4.6	10
Apartment Guide	Branch	Tampa, FL	United States	Advertising	4.6	10
Consumer Source	Branch	Jacksonville, FL	United States	Advertising	4.6	10
Consumer Source	Branch	Boca Raton, FL	United States	Advertising	4.6	10
Apartment Guide	Branch	Virginia Beach, VA	United States	Advertising	3.7	8
Consumer Source	Branch	Anaheim, CA	United States	Advertising	3.7	8
Apartment Guide	Branch	Orlando, FL	United States	Advertising	3.2	7
Apartment Guide	Branch	Austin, TX	United States	Advertising	2.8	6
Apartment Guide	Branch	Las Vegas, NV	United States	Advertising	2.8	6
Apartment Guide	Branch	Lancaster, PA	United States	Advertising	2.8	6
Apartment Guide	Branch	Gardena, CA	United States	Advertising	2.8	6
Apartment Guide	Branch	Lombard, IL	United States	Advertising	2.8	6
Apartment Guide	Branch	Greenville, SC	United States	Advertising	2.8	6
Apartment Guide	Branch	Chattanooga, TN	United States	Advertising	2.8	6
DistribuTech	Division	Las Vegas, NV	United States	Printing and Publishing		6
New Home Guide	Branch	San Antonio, TX	United States	Advertising	2.3	5
Apartment Guide	Branch	San Diego, CA	United States	Advertising	2.3	5
Apartment Guide	Branch	Cincinnati, OH	United States	Advertising	2.3	5
Apartment Guide	Branch	East Brunswick, NJ	United States	Advertising	2.3	5
DistribuTech Inc.	Division	Orlando, FL	United States	Advertising	0.9	4
DistribuTech	Division	Ontario, CA	United States	Advertising	0.9	3
DistribuTech - Southwest Region	Division	Phoenix, AZ	United States	Advertising	3.6	2
Shepherd's Guide	Subsidiary	Maumee, OH	United States	Advertising	0.9	2
Primedia	Branch	Riverton, UT	United States	Printing and Publishing	32.1	80
Source Interlink Media	Subsidiary	El Segundo, CA	United States	Printing and Publishing	16.0	40
Equus Magazine	Branch	Gaithersburg, MD	United States	Printing and Publishing	11.2	28
Primedia	Branch	Garden City, NY	United States	Printing and Publishing	8.0	20
Avon Products Co., Ltd.	Subsidiary	Tokyo	Japan	Personal and Household Products	207.7	570
Isola GmbH	Subsidiary	DÃ¼ren, Nordrhein-Westfalen	Germany	Electronic Instruments and Controls	123.1	330
Isola Laminate Systems Corp	Subsidiary	Elk Grove, CA	United States	Fabricated Plastic and Rubber	46.0	99
Isola Fabrics SRL	Subsidiary	Brugherio, Monza E Brianza	Italy	Textiles - Non Apparel	22.3	85
Isola Asia Pacific (Taiwan) Inc	Subsidiary	Taoyuan Hsien	Taiwan	Miscellaneous Capital Goods
Graphic Packaging International	Branch	Middletown, OH	United States	Paper and Paper Products	141.9	300
ProSight Specialty Insurance Group, Inc.	Holding	Morristown, NJ	United States	Insurance (Accident and Health)	0.7	179
MarketTools, Inc.	Holding	San Francisco, CA	United States	Business Services	13.5	150
Customer Sat Inc	Subsidiary	Mountain View, CA	United States	Business Services	11.8	75
Valerus Compression Services LP	Subsidiary	Houston, TX	United States	Natural Gas Utilities		130
Marshall & Swift/Boeckh, LLC	Holding	Los Angeles, CA	United States	Real Estate Operations	49.0	120
Data Quick	Subsidiary	San Diego, CA	United States	Business Services	18.4	80
Data Quick Lending Solutions	Branch	Wilmington, DE	United States	Business Services	3.5	15
Tarrant Partners	Subsidiary	Fort Worth, TX	United States	Miscellaneous Financial Services		65
Tpg Capital, LLP	Affiliates	London	United Kingdom	Miscellaneous Financial Services	49.6	58
British Vita Group Societe a Responsaibilite Limitee	Subsidiary	Luxembourg	Luxembourg	Miscellaneous Financial Services		6,000
British Vita Group S. A. R. L.	Subsidiary	London	United Kingdom	Public Sector and Government
Vita Cellular Foams (UK) Ltd.	Subsidiary	Macclesfield	United Kingdom	Chemicals - Plastics and Rubber	174.4	569
RLA Polymers Pty. Ltd.	Subsidiary	Kilsyth, VIC	Australia	Fabricated Plastic and Rubber	27.6	450
Vita Thermoplastic Sheet Limited	Subsidiary	Staines	United Kingdom	Fabricated Plastic and Rubber		100
Crest Foam Industries, Inc.	Subsidiary	Moonachie, NJ	United States	Containers and Packaging	67.9	85
Pathway Polymers, Inc.	Subsidiary	Chattanooga, TN	United States	Containers and Packaging	13.7	49
Vita Industrial Polymers Ltd.	Subsidiary	London	United Kingdom	Nonclassifiable Industries		15
Vitafoam Limited	Subsidiary	Manchester	United Kingdom	Containers and Packaging
Vita Thermoplastic Compounds Limited	Subsidiary	Middleton	United Kingdom	Miscellaneous Financial Services
JGP-Perrite	Subsidiary	Warrington	United Kingdom	Construction - Supplies and Fixtures		80
Vita Thermoplastic Polymers	Subsidiary	Middleton	United Kingdom	Construction - Supplies and Fixtures		70
VTC Elastoteknik AB	Subsidiary	Amal	Sweden	Fabricated Plastic and Rubber		50
Aleris Spcialty Products	Branch	Elyria, OH	United States	Miscellaneous Capital Goods	19.4	17
Metal Chem Inc	Subsidiary	Greer, SC	United States	Chemical Manufacturing	10.0	10
TPG Capital	Subsidiary	Melbourne, VIC	Australia	Commercial Banks	1.7	10
Findexa AS	Subsidiary	Oslo	Norway	Advertising	250.0
MAS Italia S.r.l.	Subsidiary	Bottegone	Italy	Fabricated Plastic and Rubber	1.0
Mey IÃ§ki Sanayi ve Ticaret AS	Subsidiary	Istanbul	Turkey	Beverages (Alcoholic)
Mey Alkollu Ickiler Sanayii Ve Ticaret A S	Subsidiary	Istanbul (Europe)	Turkey	Beverages (Alcoholic)		530
Surgical Care Affiliates, Llc.	Holding	Birmingham, AL	United States	Business Services
Montgomery Surgery Center	Subsidiary	Rockville, MD	United States	Healthcare Facilities		50
Inland Surgery Center	Subsidiary	Redlands, CA	United States	Healthcare Facilities	5.8	45

Competitors Report

CompanyName	Location	Employees	Ownership
Covalent Materials Corporation	Tokyo, Japan	2,928	Private
First Solar, Inc.	Tempe, Arizona, United States	7,000	Public
GCL-Poly Energy Holdings Limited	Kowloon, Hong Kong	17,124	Public
Hemlock Semiconductor Corporation	Hemlock, Michigan, United States	1,000	Private
Intel Corporation	Santa Clara, California, United States	100,800	Public
KYOCERA CORPORATION	Kyoto-Shi, Japan	71,489	Public
LDK Solar Co., Ltd (ADR)	Xinyu, China	24,449	Public
LG Electronics Inc.	Seoul, Korea, Republic of	35,437	Public
LG Siltron America, Inc.	San Jose, California, United States	9	Private
National Semiconductor Corporation	Santa Clara, California, United States	5,700	Private
Novellus Systems, Inc.	San Jose, California, United States	2,855	Public
Oracle America, Inc.	Santa Clara, California, United States	29,000	Private
Phoenix Solar AG	Sulzemoos, Germany	251	Public
ReneSola Limited	Jiashan, Zhejiang, China	7,869	Public
Renewable Energy Corporation ASA	Sandvika, Norway	3,100	Public
Sanyo Electric Co Ltd	Moriguchi, Osaka Pref, Japan	92,675	Public
SAS International	Reading, United Kingdom	300	Private
Sharp Corporation	Osaka-Shi, Japan	56,756	Public
Shin-Etsu Chemical Co Ltd	Tokyo, Japan	16,167	Public
Shin-Etsu Handotai Co., Ltd.	Tokyo, Japan	1,760	Private
Siltronic AG	MÃ¼nchen, Bayern, Germany	3,180	Public
SolarWorld AG	Bonn, Germany	2,571	Public
Sumco Corp	Tokyo, Japan	8,328	Public
SunPower Corporation	San Jose, California, United States	5,220	Public
Texas Instruments Incorporated	Dallas, Texas, United States	34,759	Public
Trina Solar Limited (ADR)	Changzhou, China	14,386	Public

Executives Report

Board of Directors

Name

Title

Function

John W. Marren

Chairman of the Board, Lead Independent Director

Chairman

Biography:

Mr. John W. Marren is Chairman of the Board, Lead Independent Director of MEMC Electronic Materials Inc. Mr. Marren has been Chairman of the Board of Directors of MEMC since November 2001. Mr. Marren has been a Partner of TPG Capital (formerly Texas Pacific Group), a privately held investment firm, since April 2000, and has served on the Board of Directors of Freescale Semiconductor Holdings I, Ltd., a public company listed on the NYSE, since June 2007. Mr. Marren also served on the Board of Directors of Conexant Systems, Inc., a publicly held NYSE company, from 2004 to 2008 and on the Board of Directors of ON Semiconductor Corp., also an NYSE company, from 2000 until 2007. Mr. Marren also spent eight years in the semiconductor industry working with other companies prior to MEMC. He has served on seven other boards of directors of private and public companies, including service on audit and compensation committees.

Age: 49

Education:

University of California, Santa Barbara, BS (Electrical Engineering)

Antonio Alvarez

Director

Director/Board Member

Peter Blackmore

Independent Director

Director/Board Member

Biography:

Mr. Peter Blackmore is Independent Director of MEMC Electronic Materials Inc., since February 2006. Mr. Blackmore has been President, Chief Executive Officer and a member of the Board of Directors of ShoreTel, Inc., an internet protocol communications company listed on NASDAQ, since December 2010. From July 2008 until September 2010, Mr. Blackmore served as President, Chief Executive Officer and a member of the board of directors of UTStarcom, Inc., an internet protocol company listed on NASDAQ. From July 2007 to July 2008 Mr. Blackmore was President and Chief Operating Officer for UTStarcom. Before this position, Mr. Blackmore had been Executive Vice President of Unisys Corporation between February 2005 and July 2007. From 1991 through August 2004, Mr. Blackmore served in various roles at Compaq Computer Corporation, or Compaq, and Hewlett-Packard Company, or HP, most recently as Executive Vice President of the Customer Solutions Group at HP from May 2004 through August 2004, and as Executive Vice President of the Enterprise Systems Group at HP from 2002 through May 2004. Prior to the merger of Compaq and HP, Mr. Blackmore served as Senior Vice President of Worldwide Sales and Service of Compaq from 2000 through 2002 and Senior Vice President of Worldwide Sales and Marketing of Compaq from 1998 through 2000. Mr. Blackmore was a member of the Board of Directors of Multi-Fineline Electronix, Inc. from 2005 to 2008. Mr. Blackmore has experience in the computer and telecommunications industries, which are closely tied to the semiconductor industry. In addition, he has experience in China and India through his work with HP and UTStarcom.

Age: 64

Education:

Trinity College, MA (Economics)
Trinity College, BA

Ahmad R. Chatila

President, Chief Executive Officer, Director

Director/Board Member

Biography:

Mr. Ahmad R. Chatila is President, Chief Executive Officer and Director of MEMC Electronic Materials Inc., since March 2, 2009. Prior to joining MEMC, Mr. Chatila served as Executive Vice President, Memory and Imaging Division of Cypress Semiconductor Corporation from July 2005 to February 2009. From September 2004 to June 2005, Mr. Chatila was the Vice President of Operations of the Cypress Memory and Imaging Division, and before that he served as Managing Director of the low power memory business unit in the Memory and Imaging Division from January 2003 to September 2004. Mr. Chatila initially joined Cypress in 1991 and held a number of management roles in wafer technology development, manufacturing and sales since that time, including the positions described above. From November 1997 to December 1999, Mr. Chatila worked for Taiwan Semiconductor Manufacturing Company (TSMC) as Senior Account Manager, before rejoining Cypress in January 2000.

Age: 45

Education:

Arizona State University, bachelor's (Electrical Engineering)
Cornell University, masters (Electrical Engineering)

Compensation/Salary:$750,000

Compensation Currency: USD

Emmanuel T. Hernandez

Independent Director

Director/Board Member

Biography:

Mr. Emmanuel T. Hernandez, CPA, is Independent Director of MEMC Electronic Materials Inc., since May 2009. From April 2005 to November 2008, Mr. Hernandez served as the Chief Financial Officer of SunPower Corporation. He retired as Chief Financial Officer of SunPower in November 2008, but continued in a transition role at SunPower until January 2009. Prior to April 2005, Mr. Hernandez served for more than 11 years as the Executive Vice President of Finance and Administration and Chief Financial Officer for Cypress Semiconductor, having joined that company in 1993 as its Corporate Controller. Prior to that, Mr. Hernandez held various financial positions with National Semiconductor Corporation from 1976 through 1993. Mr. Hernandez currently serves on the board of directors of ON Semiconductor Corp., a public company listed on the NYSE, Aruba Networks, a public company listed on NASDAQ, and EnStorage, Inc., a private storage systems company. Mr. Hernandez is currently an Operating Partner at Khosla Ventures and serves on the board of directors of one of its portfolio companies, Soraa, Inc., a private LED/Laser company.

Age: 56

Education:

Golden Gate University, MBA (Finance)
University of Nueva Caceres, BS (Accounting)

Jeffry Quinn

Director

Director/Board Member

William E. Stevens

Independent Director

Director/Board Member

Biography:

Mr. William E. Stevens is Independent Director of MEMC Electronic Materials Inc., since 2001. Mr. Stevens has served as Chairman of BBI Group, Inc., a private equity investment firm, since November 2000. Mr. Stevens serves on the Board of Directors of McCormick & Company, Incorporated, an NYSE company in the food services industry. Mr. Stevens served as Chairman and Chief Executive Officer of the Westmark Group from 1999 to 2001. From 1996 to 1999, Mr. Stevens was an Executive Vice President with Mills & Partners, a private equity and leveraged-buyout investment firm. Prior to this, Mr. Stevens served as the President and Chief Executive Officer of United Industries Corp. from 1989 to 1996. Mr. Stevens previously has served on the board of directors of The Black & Decker Corporation, a publicly traded company listed on the NYSE, Chromalloy American, a subsidiary of Sequa Corporation, a formerly public company, The Earthgrains Company, a public company listed on the NYSE, and United Industries, a privately held company.

Age: 69

Steven V. Tesoriere

Director

Director/Board Member

Marshall C. Turner

Independent Director

Director/Board Member

Biography:

Mr. Marshall C. Turner, Jr., is Independent Director of MEMC Electronic Materials Inc. Mr. Turner served as MEMC's Interim Chief Executive Officer from November 12, 2008 to March 1, 2009. From March 2, 2009 to June 12, 2009, Mr. Turner served as MEMC's Interim SVP of Business and Strategic Development. Previously, Mr. Turner served as Chairman and Chief Executive Officer of Dupont Photomasks, Inc. from June 2003 through April 2005 (when it was acquired by Toppan Printing Company, Ltd.), and President and Chief Executive Officer of that company through May 2006. Dupont Photomasks, Inc. manufactures photomasks for semiconductor chip fabricators. Mr. Turner is also a member of the board of directors of Xilinx, Inc., a digital programmable logic company listed on NASDAQ, and the AllianceBernstein Funds, a group of 32 mutual funds advised by AllianceBernstein LP, a global investment management firm. Mr. Turner has over 10 years experience as a CEO of companies with international manufacturing facilities, suppliers and customers, and 20 years experience as a venture capital fund partner or principal. He has served as a board member of 22 public or private software, electronics, biotechnology, computer, telecommunication, consumer product, and education companies.

Age: 70

Education:

Harvard University, M (Business Administration)
Stanford University, M (Product Design)
Stanford University, B (Mechanical Engineering)

Compensation/Salary:$432,692

Compensation Currency: USD

James B. Williams

Independent Director

Director/Board Member

Biography:

Mr. James B. Williams is Independent Director of MEMC Electronic Materials Inc., since 2003. Mr. Williams is a Partner of TPG Capital (formerly Texas Pacific Group), a privately held investment firm. Mr. Williams joined Texas Pacific Group in February 1999. Mr. Williams also is a member of the board of directors of several private companies. Mr. Williams is a former chief executive responsible for strategic and operational leadership and results of a health care business. He is also the former managing partner of a global management consulting firm specializing in organizational effectiveness, strategic management and executive compensation. Currently, in his role as a partner at TPG Capital, a global private equity firm, he has responsibility for, among other things, supporting and guiding the performance of executives.

Age: 55

Executives

Name

Title

Function

Ahmad R. Chatila

President, Chief Executive Officer, Director

Chief Executive Officer

Biography:

Age: 45

Education:

Arizona State University, bachelor's (Electrical Engineering)
Cornell University, masters (Electrical Engineering)

Compensation/Salary:$750,000

Compensation Currency: USD

Clint Bellinsky

Vice President-Quality

Operations Executive

Larry Weaver

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Updated Normal 31-Dec-2007
Filed Currency	USD	USD	USD	USD	USD
Exchange Rate (Period Average)	1	1	1	1	1
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation

Net Sales	2,715.5	2,239.2	1,163.6	2,004.5	1,921.8
Revenue	2,715.5	2,239.2	1,163.6	2,004.5	1,921.8
Total Revenue	2,715.5	2,239.2	1,163.6	2,004.5	1,921.8

Cost of Revenue	2,420.6	1,902.1	1,035.5	999.7	921.3
Cost of Revenue, Total	2,420.6	1,902.1	1,035.5	999.7	921.3
Gross Profit	294.9	337.1	128.1	1,004.8	1,000.5

Selling/General/Administrative Expense	352.8	267.0	161.9	106.5	111.3
Total Selling/General/Administrative Expenses	352.8	267.0	161.9	106.5	111.3
Research & Development	87.5	55.6	40.4	40.8	39.3
Restructuring Charge	350.7	5.3	28.4	4.3	-
Impairment-Assets Held for Use	440.5	0.0	-	-	-
Impairment-Assets Held for Sale	367.9	0.0	24.6	-	-
Other Unusual Expense (Income)	-4.0	-11.9	0.0	-	-
Unusual Expense (Income)	1,155.1	-6.6	53.0	4.3	-
Total Operating Expense	4,016.0	2,218.1	1,290.8	1,151.3	1,071.9

Operating Income	-1,300.5	21.1	-127.2	853.2	849.9

Interest Expense - Non-Operating	-77.2	-29.0	-4.0	-1.8	-1.4
Interest Expense, Net Non-Operating	-77.2	-29.0	-4.0	-1.8	-1.4
Interest Income - Non-Operating	4.5	5.5	26.5	46.4	45.0
Investment Income - Non-Operating	-4.8	-14.0	5.4	-292.5	220.8
Interest/Investment Income - Non-Operating	-0.3	-8.5	31.9	-246.1	265.8
Interest Income (Expense) - Net Non-Operating Total	-77.5	-37.5	27.9	-247.9	264.4
Other Non-Operating Income (Expense)	-6.1	3.9	-0.9	-20.3	-2.5
Other, Net	-6.1	3.9	-0.9	-20.3	-2.5
Income Before Tax	-1,384.1	-12.5	-100.2	585.0	1,111.8

Total Income Tax	73.1	-53.3	-42.2	195.4	282.2
Income After Tax	-1,457.2	40.8	-58.0	389.6	829.6

Minority Interest	-16.0	-13.6	1.5	-2.2	-3.4
Equity In Affiliates	-62.8	7.2	-11.8	0.0	-
Net Income Before Extraord Items	-1,536.0	34.4	-68.3	387.4	826.2
Net Income	-1,536.0	34.4	-68.3	387.4	826.2

Income Available to Common Excl Extraord Items	-1,536.0	34.4	-68.3	387.4	826.2

Income Available to Common Incl Extraord Items	-1,536.0	34.4	-68.3	387.4	826.2

Basic/Primary Weighted Average Shares	229.9	226.9	223.9	226.9	225.6
Basic EPS Excl Extraord Items	-6.68	0.15	-0.31	1.71	3.66
Basic/Primary EPS Incl Extraord Items	-6.68	0.15	-0.31	1.71	3.66
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	-1,536.0	34.4	-68.3	387.4	826.2
Diluted Weighted Average Shares	229.9	230.2	223.9	228.6	232.3
Diluted EPS Excl Extraord Items	-6.68	0.15	-0.31	1.69	3.56
Diluted EPS Incl Extraord Items	-6.68	0.15	-0.31	1.69	3.56
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	0.0	0.0	0.0	0.0
Interest Expense, Supplemental	77.2	29.0	4.0	1.8	1.4
Interest Capitalized, Supplemental	-18.1	-5.1	-0.4	-0.8	-1.0
Depreciation, Supplemental	217.7	158.9	123.6	104.0	79.3
Total Special Items	1,155.1	-6.6	53.0	4.3	-
Normalized Income Before Tax	-229.0	-19.1	-47.2	589.3	1,111.8

Effect of Special Items on Income Taxes	404.3	-2.3	18.6	1.4	-
Inc Tax Ex Impact of Sp Items	477.4	-55.6	-23.7	196.8	282.2
Normalized Income After Tax	-706.4	36.5	-23.6	392.5	829.6

Normalized Inc. Avail to Com.	-785.2	30.1	-33.9	390.3	826.2

Basic Normalized EPS	-3.42	0.13	-0.15	1.72	3.66
Diluted Normalized EPS	-3.42	0.13	-0.15	1.71	3.56
Amort of Intangibles, Supplemental	9.4	5.9	0.4	0.0	1.4
Rental Expenses	17.6	10.5	7.9	5.7	5.2
Research & Development Exp, Supplemental	87.5	55.6	40.4	40.8	39.3
Reported Gross Profit	294.9	-	-	-	1,000.5
Reported Operating Profit	-	-	-	-	849.9
Normalized EBIT	-145.4	14.5	-74.2	857.5	849.9
Normalized EBITDA	81.7	179.3	49.8	961.5	930.6
Current Tax - Domestic	6.7	-46.6	-25.0	45.5	150.9
Current Tax - Foreign	15.9	44.2	9.0	100.4	113.6
Current Tax - Local	4.6	-3.8	-2.4	-2.3	-0.6
Current Tax - Total	27.2	-6.2	-18.4	143.6	263.9
Deferred Tax - Domestic	37.2	-29.6	-13.4	44.0	84.7
Deferred Tax - Foreign	4.0	-15.2	-10.8	6.8	80.5
Deferred Tax - Local	4.7	-2.3	0.4	1.0	5.8
Deferred Tax - Total	45.9	-47.1	-23.8	51.8	171.0
Income Tax - Total	73.1	-53.3	-42.2	195.4	434.9
Interest Cost - Domestic	9.4	9.6	10.0	10.5	9.8
Service Cost - Domestic	2.9	2.9	3.0	3.0	3.3
Prior Service Cost - Domestic	0.0	0.0	0.0	0.0	0.0
Expected Return on Assets - Domestic	-15.4	-14.3	-13.1	-12.6	-9.4
Actuarial Gains and Losses - Domestic	7.9	8.5	5.2	0.7	1.8
Curtailments & Settlements - Domestic	0.0	0.0	0.3	0.0	0.1
Domestic Pension Plan Expense	4.8	6.7	5.4	1.6	5.6
Interest Cost - Post-Retirement	1.1	1.4	1.5	1.6	1.6
Service Cost - Post-Retirement	0.0	0.0	0.0	0.1	0.1
Prior Service Cost - Post-Retirement	-0.5	-0.5	-0.5	-0.5	-0.5
Actuarial Gains and Losses - Post-Retir.	-1.5	-1.6	-2.3	-1.4	-0.9
Curtailments & Settlements - Post-Retir.	0.0	0.0	0.0	0.0	0.0
Post-Retirement Plan Expense	-0.9	-0.7	-1.3	-0.2	0.3
Defined Contribution Expense - Domestic	9.4	6.1	5.6	5.7	5.6
Total Pension Expense	13.3	12.1	9.7	7.1	11.5
Discount Rate - Domestic	4.58%	5.18%	5.82%	6.39%	5.75%
Discount Rate - Post-Retirement	5.09%	5.65%	6.19%	6.00%	5.75%
Expected Rate of Return - Domestic	8.36%	8.38%	8.39%	8.30%	8.00%
Compensation Rate - Domestic	3.63%	3.73%	3.71%	3.75%	3.75%
Compensation Rate - Post-Retirement	3.75%	3.75%	3.75%	3.75%	3.75%
Total Plan Interest Cost	10.5	11.0	11.5	12.1	11.4
Total Plan Service Cost	2.9	2.9	3.0	3.1	3.4
Total Plan Expected Return	-15.4	-14.3	-13.1	-12.6	-9.4

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.67
UK Pound	1	Rs.86.05
Euro	1	Rs.70.07

MIRA INFORM REPORT

Company name and address

Corporate Overview

Financial Data

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Corporate Structure News

Executives Report

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