Statements of Consolidated Financial Position Myers Industries, Inc. and Subsidiaries As of December 31, 2001 and 2000 Assets 2001  2000 Current Assets Cash and temporary cash investments $7,074,964  $2,177,983  Accounts receivable – less allowances  of $4,417,000 and $3,644,000, respectively 104,602,982  125,921,325  Inventories Finished and in-process products 66,239,288  66,143,998  Raw materials and supplies 15,109,952  22,660,460  81,349,240 88,804,458  Prepaid expenses 3,591,411  2,403,487 Total Current Assets 196,618,597  219,307,253  Other Assets Excess of cost over fair value of net assets of companies acquired 187,960,222  194,205,707  Patents and other intangible assets 2,834,582  2,955,593  Other 4,017,156  4,130,671 194,811,960  201,291,971  Property, Plant and Equipment, at Cost Land 7,311,493  7,365,005 Buildings and leasehold improvements 73,983,923  72,727,170 Machinery and equipment 282,140,259  266,506,306 363,435,675  346,598,481 Less allowances for depreciation and amortization 172,699,854  145,093,735  190,735,821  201,504,746 $582,166,378  $622,103,970 Liabilities and Shareholders' Equity  2001 2000 Current Liabilities Accounts payable $44,818,664  $49,964,169 Accrued expenses Employee compensation and related items 25,501,181  25,516,152 Taxes, other than income taxes 2,632,663  2,481,602  Accrued interest 1,207,733  2,834,366  Other 12,971,309  16,200,940  Current portion of long-term debt 17,767,688  15,893,001 Total Current Liabilities 104,899,238  112,890,230  Long-term Debt, less current portion 247,145,234  284,273,097 Deferred Income Taxes 12,595,697  11,037,935 Shareholders' Equity Serial Preferred Shares (authorized 1,000,000 shares) -- -- Common Shares, without par value (authorized 60,000,000 shares; outstanding 23,847,694 and 23,749,013 shares, respectively) 14,503,828  13,234,830 Additional paid-in capital 217,594,648  189,779,843 Accumulated other comprehensive income (34,411,755) (27,149,716) Retained income 19,839,488  38,037,751 217,526,209  213,902,708 $582,166,378 $622,103,970 The accompanying notes are an integral part of these statements. 19