Abercrombie & Fitch 2009 Annual Report Download - page 25

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ITEM 6. SELECTED FINANCIAL DATA.
ABERCROMBIE & FITCH CO.
FINANCIAL SUMMARY
Summary of Operations
(Information below excludes amounts related to discontinued operations, except where otherwise
noted)
2009 2008 2007 2006(1) 2005
(Thousands, except per share and per square foot amounts, ratios and store and
associate data)
Net Sales ............................ $2,928,626 $3,484,058 $3,699,656 $3,284,176 $2,768,164
Gross Profit . . . ....................... $1,883,598 $2,331,095 $2,488,166 $2,200,668 $1,854,186
Operating Income ...................... $ 117,912 $ 498,262 $ 778,909 $ 697,990 $ 577,817
Net Income from Continuing Operations . . . .... $ 78,953 $ 308,169 $ 499,127 $ 446,525 $ 355,382
Net Loss from Discontinued Operations (net of
taxes)(2) ........................... $ (78,699) $ (35,914) $ (23,430) $ (24,339) $ (21,398)
Net Income(2) . . ....................... $ 254 $ 272,255 $ 475,697 $ 422,186 $ 333,984
Dividends Declared Per Share .............. $ 0.70 $ 0.70 $ 0.70 $ 0.70 $ 0.60
Net Income Per Share from Continuing
Operations
Basic . . ............................. $ 0.90 $ 3.55 $ 5.72 $ 5.07 $ 4.08
Diluted. ............................. $ 0.89 $ 3.45 $ 5.45 $ 4.85 $ 3.90
Net Loss Per Share from Discontinued
Operations (2)
Basic . . ............................. $ (0.90) $ (0.41) $ (0.27) $ (0.28) $ (0.25)
Diluted. ............................. $ (0.89) $ (0.40) $ (0.26) $ (0.26) $ (0.23)
Net Income Per Share (2)
Basic . . ............................. $ 0.00 $ 3.14 $ 5.45 $ 4.79 $ 3.83
Diluted. ............................. $ 0.00 $ 3.05 $ 5.20 $ 4.59 $ 3.66
Basic Weighted-Average Shares Outstanding .... 87,874 86,816 87,248 88,052 87,161
Diluted Weighted-Average Shares Outstanding . . . 88,609 89,291 91,523 92,010 91,221
Other Financial Information
Total Assets (including discontinued operations) . . $2,821,866 $2,848,181 $2,567,598 $2,248,067 $1,789,718
Return on Average Assets(3) ............... 0% 10% 20% 21% 21%
Working Capital(4) ..................... $ 786,474 $ 622,213 $ 585,575 $ 571,089 $ 447,102
Current Ratio(5) ....................... 2.75 2.38 2.08 2.12 1.91
Net Cash Provided by Operating Activities(2) . . . $ 402,200 $ 490,836 $ 817,524 $ 582,171 $ 453,590
Capital Expenditures . . . ................. $ 175,472 $ 367,602 $ 403,345 $ 403,476 $ 256,422
Long-Term Debt ....................... $ 71,213 $ 100,000 — — —
Shareholders’ Equity (including discontinued
operations) . . ....................... $1,827,917 $1,845,578 $1,618,313 $1,405,297 $ 995,117
Return on Average Shareholders’ Equity(6) . .... 0% 16% 31% 35% 40%
Comparable Store Sales(7) ................ (23)% (13)% (1)% 1% 26%
Net Retail Sales Per Average Gross Square Foot. . $ 339 $ 432 $ 503 $ 509 $ 474
Stores at End of Year and Average Associates
Total Number of Stores Open .............. 1,096 1,097 1,013 930 843
Gross Square Feet ...................... 7,848 7,760 7,133 6,563 5,956
Average Number of Associates(8) . .......... 83,000 96,200 94,600 80,100 69,100
(1) Fiscal 2006 was a fifty-three week year.
(2) Includes results of operations from RUEHL branded stores and related direct-to-consumer operations.
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