Abercrombie & Fitch 1997 Annual Report Download - page 12

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20
Abercrombie &Fitch Co.
CONSOLIDATED STATEMENTS OF INCOME
1997 1996 1995
$521,617 $335,372 $235,659
320,537 211,606 155,865
201,080 123,766 79,794
116,955 77,773 55,996
84,125 45,993 23,798
3,583 4,919 –
80,542 41,074 23,798
32,220 16,400 9,500
$ 48,322 $ 24,674 $ 14,298
$ .95 $ .54 $ .33
$.94 $ .54 $ .33
(Thousands except per share amounts)
Net Sales
Cost of Goods Sold, Occupancy and Buying Costs
Gross Income
General, Administrative and Store Operating Expenses
Operating Income
Interest Expense, Net
Income Before Income Taxes
Provision for Income Taxes
Net Income
Net Income Per Share:
Basic
Diluted
The accompanying Notes are an integral part of these Consolidated Financial Statements.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT)
Common Stock
Retained Treasury Total
Shares Par Paid-In Earnings Stock, Shareholders’
(Thousands)Outstanding Value Capital (Deficit) at Cost Equity(Deficit)
Balance, January 28, 1995 43,000 – $ 155 $ (37,225) – $(37,070)
Net Income – – – 14,298 – 14,298
Other – – 150 – – 150
Balance, February 3, 1996 43,000 – $ 305 $ (22,927) – $(22,622)
Transfer of Equity to Debt ($50,000 Long-Term Debt
and $32,000 Short-Term Borrowings) – – – (82,000) – (82,000)
Cash Dividend to Parent Prior
to Initial Public Offering – – – (27,000) – (27,000)
Sale of Common Stock in Initial Public Offering 8,050 $511 117,667 – – 118,178
Net Income – – – 24,674 – 24,674
Other – – 8 – – 8
Balance, February 1, 1997 51,050 $511 $117,980 $(107,253) – $ 11,238
Purchase of Treasury Stock (50) – – – $(929) (929)
Net Income – – – 48,322 – 48,322
Exercise of Stock Options and Other 9 – (8) – 152 144
Balance, January 31, 1998 51,009 $511 $117,972 $ (58,931) $(777) $ 58,775
The accompanying Notes are an integral part of these Consolidated Financial Statements.