Advance Auto Parts 2005 Annual Report Download - page 21

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Fiscal Year(1)(2)
(in thousands, except per share data and ratios) 2005 2004 2003 2002 2001
Income from continuing operations before (loss) income on discontinued operations
and cumulative effect of a change in accounting principle per basic share(10) ............... $ 2.17 $ 1.70 $ 1.15 $ 0.59 $ 0.13
Income from continuing operations before (loss) income on discontinued operations
and cumulative effect of a change in accounting principle per diluted share(10)............. $ 2.13 $ 1.66 $ 1.12 $ 0.57 $ 0.13
Net income per basic share(10) ............................................................................................. $ 2.17 $ 1.70 $ 1.14 $ 0.62 $ 0.13
Net income per diluted share(10) .......................................................................................... $ 2.13 $ 1.66 $ 1.11 $ 0.60 $ 0.13
Weighted average basic shares outstanding(10) .................................................................... 108,318 110,846 109,499 105,147 85,911
Weighted average diluted shares outstanding(10) ................................................................. 109,987 113,222 112,115 108,564 87,474
Cash Flows Provided By (Used In):
Operating activities ............................................................................................................ $ 325,211 $ 263,794 $ 355,921 $ 242,996 $ 103,536
Investing activities.............................................................................................................. (302,780) (166,822) (85,474) (78,005) (451,008)
Financing activities............................................................................................................. (37,969) (52,138) (272,845) (169,223) 347,580
Balance Sheet and Other Financial Data:
Cash and cash equivalents.................................................................................................. $ 40,783 $ 56,321 $ 11,487 $ 13,885 $ 18,117
Inventory ............................................................................................................................ $1,367,099 $1,201,450 $1,113,781 $1,048,803 $ 982,000
Inventory turnover(11)........................................................................................................... 1.75 1.74 1.72 1.75 1.72
Inventory per store(12) .......................................................................................................... $ 476,009 $ 453,035 $ 438,669 $ 429,399 $ 392,635
Accounts payable to inventory ratio(13) ............................................................................... 54.8% 53.7% 51.0% 44.9% 43.7%
Net working capital(14) ......................................................................................................... $ 406,476 $ 416,302 $ 372,509 $ 462,896 $ 442,099
Capital expenditures(15)........................................................................................................ $ 216,214 $ 179,766 $ 101,177 $ 98,186 $ 63,695
Total assets ......................................................................................................................... $2,542,149 $2,201,962 $1,983,071 $1,965,225 $1,950,615
Total debt............................................................................................................................ $ 438,800 $ 470,000 $ 445,000 $ 735,522 $ 955,737
Total net debt(16) .................................................................................................................. $ 448,187 $ 433,863 $ 464,598 $ 722,506 $ 972,368
Total stockholders’ equity .................................................................................................. $ 919,771 $ 722,315 $ 631,244 $ 468,356 $ 288,571
Selected Store Data:
Comparable store sales growth(17) ....................................................................................... 8.7% 6.1% 3.1% 5.5% 6.2%
Number of stores at beginning of year............................................................................... 2,652 2,539 2,435 2,484 1,729
New stores ...................................................................................................................... 231 125 125 110 781
Closed stores(18) ............................................................................................................... (11) (12) (21) (159) (26)
Number of stores, end of period ........................................................................................ 2,872 2,652 2,539 2,435 2,484
Relocated stores ................................................................................................................. 54 34 32 39 18
Stores with commercial delivery program, end of period ................................................. 2,254 1,945 1,625 1,411 1,370
Total commercial sales, as a percentage of total sales....................................................... 21.8% 18.4% 15.8% 15.0% 16.8%
Total store square footage, end of period(19) ....................................................................... 20,899 19,734 18,875 18,108 18,717
Average net sales per store(20).............................................................................................. $ 1,551 $ 1,453 $ 1,379 $ 1,303 $ 1,346
Average net sales per square foot(21) ................................................................................... $ 208 $ 195 $ 186 $ 174 $ 175
Advance Auto Parts
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Annual Report 2005
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