American Eagle Outfitters 2008 Annual Report Download - page 19

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ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA.
The following Selected Consolidated Financial Data should be read in conjunction with “Management’s
Discussion and Analysis of Financial Condition and Results of Operations,” included under Item 7 below and the
Consolidated Financial Statements and Notes thereto, included in Item 8 below. Most of the selected data presented
below is derived from our Consolidated Financial Statements, which are filed in response to Item 8 below. The
selected Consolidated Statement of Operations data for the years ended January 28, 2006 and January 29, 2005 and
the selected Consolidated Balance Sheet data as of February 3, 2007, January 28, 2006 and January 29, 2005 are
derived from audited Consolidated Financial Statements not included herein.
January 31,
2009
February 2,
2008
February 3,
2007
January 28,
2006
January 29,
2005
For the Years Ended(1)
(In thousands, except per share amounts, ratios and other financial information)
Summary of Operations(2)
Net sales(3). . . . ................... $2,988,866 $3,055,419 $2,794,409 $2,321,962 $1,889,647
Comparable store sales (decrease)
increase(4). . . ................... (10)% 1% 12% 16% 21%
Gross profit. . . . ................... $1,174,101 $1,423,138 $1,340,429 $1,077,749 $ 881,188
Gross profit as a percentage of net sales . . 39.3% 46.6% 48.0% 46.4% 46.6%
Operating income(5) . . . . . . . ......... $ 302,140 $ 598,755 $ 586,790 $ 458,689 $ 360,968
Operating income as a percentage of net
sales . . . . . . . ................... 10.1% 19.6% 21.0% 19.8% 19.1%
Income from continuing operations(2) . . . $ 179,061 $ 400,019 $ 387,359 $ 293,711 $ 224,232
Income from continuing operations as a
percentage of net sales(2) . . ......... 6.0% 13.1% 13.9% 12.7% 11.9%
Per Share Results(6)
Income from continuing operations per
common share-basic(2) . . . ......... $ 0.87 $ 1.85 $ 1.74 $ 1.29 $ 1.03
Income from continuing operations per
common share-diluted(2) . . ......... $ 0.86 $ 1.82 $ 1.70 $ 1.26 $ 1.00
Weighted average common shares
outstanding — basic . . . . . . ......... 205,169 216,119 222,662 227,406 217,725
Weighted average common shares
outstanding — diluted . . . . ......... 207,582 220,280 228,384 233,031 225,366
Cash dividends per common share(7) . . . . $ 0.40 $ 0.38 $ 0.28 $ 0.18 $ 0.04
Balance Sheet Information
Total cash and short-term investments. . . . $ 483,853 $ 619,939 $ 813,813 $ 751,518 $ 589,607
Long-term investments. . . . . . ......... $ 251,007 $ 165,810 $ 264,944 $ 145,744 $ 84,416
Total assets(8) . . ................... $1,963,676 $1,867,680 $1,979,558 $1,605,649 $1,328,926
Short-term debt . ................... $ 75,000 $ — $ — $ — $ —
Long-term debt . ................... $ — $ — $ — $ — $ —
Stockholders’ equity . . . . . . . ......... $1,409,031 $1,340,464 $1,417,312 $1,155,552 $ 963,486
Working capital(8) . . . . . . . . . ......... $ 523,596 $ 644,656 $ 724,490 $ 725,294 $ 582,739
Current ratio(8) . ................... 2.30 2.71 2.56 3.06 3.06
Average return on stockholders’ equity . . . 13.0% 29.0% 30.1% 27.8% 26.7%
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