Abercrombie & Fitch 1998 Annual Report Download - page 13

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19
Abercrombie &Fitch Co.
CONSOLIDATED STATEMENTS OF INCOME
1998 1997 1996
$815,804 $521,617 $335,372
471,853 320,537 211,606
343,951 201,080 123,766
176,993 116,955 77,773
166,958 84,125 45,993
(3,144) 3,583 4,919
170,102 80,542 41,074
68,040 32,220 16,400
$102,062 $ 48,322 $ 24,674
$1.98 $ .95 $ .54
$1.92 $ .94 $ .54
(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 (Income)/ 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
Treasury
Retained Stock, Total
Shares Par Paid-In Earnings at Average Shareholders’
(Thousands)Outstanding Value Capital (Deficit) Cost Equity (Deficit)
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 The Limited 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
Stock Options, Restricted Stock and Other 9 – (8) – 152 144
Balance, January 31, 1998 51,009 $511 $117,972 $ (58,931) $ (777) $ 58,775
Purchase of Treasury Stock (245) – – – (11,240) (11,240)
Net Income – – – 102,062 – 102,062
Issuance of Common Stock 600 6 25,875 – – 25,881
Stock Options, Restricted Stock and Other 43 – 295 – 10,332 10,627
Balance, January 30, 1999 51,407 $517 $144,142 $ 43,131 $ (1,685) $186,105
The accompanying Notes are an integral part of these Consolidated Financial Statements.