American Eagle Outfitters 2009 Annual Report Download - page 18

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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 February 3, 2007 and January 28, 2006 and
the selected Consolidated Balance Sheet data as of February 2, 2008, February 3, 2007 and January 28, 2006 are
derived from audited Consolidated Financial Statements not included herein.
January 30,
2010
January 31,
2009
February 2,
2008
February 3,
2007
January 28,
2006
For the Years Ended(1)
(In thousands, except per share amounts, ratios and other financial information)
Summary of Operations
Net sales(2). . . . ................... $2,990,520 $2,988,866 $3,055,419 $2,794,409 $2,321,962
Comparable store sales (decrease)
increase(3). . . ................... (4)% (10)% 1% 12% 16%
Gross profit. . . . ................... $1,158,049 $1,174,101 $1,423,138 $1,340,429 $1,077,749
Gross profit as a percentage of net sales . . 38.7% 39.3% 46.6% 48.0% 46.4%
Operating income(4) . . . . . . . ......... $ 238,393 $ 302,140 $ 598,755 $ 586,790 $ 458,689
Operating income as a percentage of net
sales . . . . . . . ................... 8.0% 10.1% 19.6% 21.0% 19.8%
Income from continuing operations. . . . . . $ 169,022 $ 179,061 $ 400,019 $ 387,359 $ 293,711
Income from continuing operations as a
percentage of net sales . . . . ......... 5.7% 6.0% 13.1% 13.9% 12.7%
Per Share Results (5)
Income from continuing operations per
common share-basic. . . . . . ......... $ 0.82 $ 0.87 $ 1.85 $ 1.74 $ 1.29
Income from continuing operations per
common share-diluted . . . . ......... $ 0.81 $ 0.86 $ 1.82 $ 1.70 $ 1.26
Weighted average common shares
outstanding — basic . . . . . . ......... 206,171 205,169 216,119 222,662 227,406
Weighted average common shares
outstanding — diluted . . . . ......... 209,512 207,582 220,280 228,384 233,031
Cash dividends per common share . . . . . . $ 0.40 $ 0.40 $ 0.38 $ 0.28 $ 0.18
Balance Sheet Information
Total cash and short-term investments. . . . $ 698,635 $ 483,853 $ 619,939 $ 813,813 $ 751,518
Long-term investments. . . . . . ......... $ 197,773 $ 251,007 $ 165,810 $ 264,944 $ 145,744
Total assets(6) . . ................... $2,138,148 $1,963,676 $1,867,680 $1,979,558 $1,605,649
Short-term debt . ................... $ 30,000 $ 75,000 $ — $ — $ —
Long-term debt . ................... $ — $ — $ — $ — $ —
Stockholders’ equity . . . . . . . ......... $1,578,517 $1,409,031 $1,340,464 $1,417,312 $1,155,552
Working capital(6) . . . . . . . . . ......... $ 758,075 $ 523,596 $ 644,656 $ 724,490 $ 725,294
Current ratio(6) . ................... 2.85 2.30 2.71 2.56 3.06
Average return on stockholders’ equity . . . 11.3% 13.0% 29.0% 30.1% 27.8%
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