Abercrombie & Fitch 2000 Annual Report Download - page 8

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1918
$330
Abercrombie &Fitch
CONSOLIDATED STATEMENTS OF INCOME
2000 1999 1998
$1,237,604 $1,030,858 $805,180
728,229 580,475 473,826
509,375 450,383 331,354
255,723 208,319 164,396
253,652 242,064 166,958
(7,801) (7,270) (3,144)
261,453 249,334 170,102
103,320 99,730 68,040
$ 158,133 $ 149,604 $102,062
$ 1.58 $ 1.45 $ .99
$ 1.55 $ 1.39 $ .96
(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, 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.
Net Sales ($ in Millions)
1996 1997 1998 1999 2000
$1,200
$1,400
$1,000
$800
$600
$400
$200
$513
$805
$1,031
$1,238
Net Income ($ in Millions)
1996 1997 1998 1999 2000
$20
$40
$60
$80
$100
$120
$140
$160
$180
$25
$48
$102
$150
$158
Abercrombie &Fitch
(Thousands) February 3, 2001 January 29, 2000
Assets
Current Assets
Cash and Equivalents $137,581 $147,908
Marketable Securities –45,601
Receivables 15,829 11,447
Inventories 120,997 75,262
Store Supplies 17,817 11,674
Other 11,338 8,325
Total Current Assets 303,562 300,217
Property and Equipment, Net 278,785 146,403
Deferred Income Taxes 4,788 11,060
Other Assets 381 486
Total Assets $587,516 $458,166
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts Payable $033,942 $018,714
Accrued Expenses 101,302 85,373
Income Taxes Payable 19,318 33,779
Total Current Liabilities 154,562 137,866
Other Long-Term Liabilities 10,254 9,206
Shareholders’ Equity
Common Stock 1,033 1,033
Paid-In Capital 136,490 147,305
Retained Earnings (Deficit) 350,868 192,735
488,391 341,073
Less: Treasury Stock, at Average Cost (65,691) (29,979)
Total Shareholders’ Equity 422,700 311,094
Total Liabilities and Shareholders’ Equity $587,516 $458,166
The accompanying Notes are an integral part of these Consolidated Financial Statements.
CONSOLIDATED BALANCE SHEETS