American Eagle Outfitters 2012 Annual Report Download

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Table of Contents




 
 

¨
 



 




 
 



 
 


 ¨
 ¨


¨


 ¨


 ¨

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Table of contents

  • Page 1
    ...in its charter) Delaware (State or other jurisdiction of incorporation or organization) No. 13-2721761 (I.R.S. Employer Identification No.) 77 Hot Metal Street, Pittsburgh, PT (Address of principal executive offices) 15203-2329 (Zip Code) Registrant's telephone number, including area code: (412...

  • Page 2
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. TTBLE OF CONTENTS Page Number PTRT I Itemo1. Itemo1A. Itemo1B. Itemo2. Itemo3. Itemo4. Business RiskoFactors UnresolvedoStaffoComments Properties LegaloProceedings MineoSafetyoDisclosures o o o o o o o o o o o o o o o o o o o o 1 2oo 9oo 12oo ...

  • Page 3
    ...,oInc.oaoDelawareocorporationo(theo"Company"),ooperatesounderotheoAmericanoEagleoOutfitters ®oandoaerie®obyoAmericanoEagle Outfitters®obrands.okeooperatedotheo77kidsobyoAmericanoEagleoOutfitters ®obrandountilotheoexitoofotheobusinessoduringoFiscalo2012.okeooperatedothe MARTIN+OSA®obrando...

  • Page 4
    ...ographicot-shirts,ofootwearoandoaccessories.oAmericanoEagle Outfitters®oisohonest,oreal,oindividualoandofun.oAmericanoEagleoOutfitters .... aerie by American Eagle Outfitters Theoaerie®obyoAmericanoEagleoOutfitters ®o("aerie...

  • Page 5
    ... 2013.oAtotheoendoofoFiscalo2012... o1,070oo o 29oo o (24)o 1,075 Fiscal o 968oo o 112oo o (10)o 1,070 Fiscal 2012 2011 2010 2009 2008 AEoBrandostoresoatobeginningoofoperiod AEoBrandostoresoopenedoduringotheoperiod AEoBrandostoresoclosedoduringotheoperiod Total TE Brand stores at end of period...

  • Page 6
    ... below: United States, including the iommonwealth of Puerto Rico - 950 stores Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois 15 o 5oo o 13oo o 8oo o60oo o11oo o15oo o 5oo o52oo o 33oo o 4oo o 4oo o 32oo...

  • Page 7
    Table of Contents OuroVendoroCodeoofoConducto(theo"Code"),owhichoisobasedoonouniversally-acceptedohumanorightsoprinciples,osetsoforthoouroexpectationsoforosuppliers. TheoCodeomustobeopostedoinoeveryofactoryothatomanufacturesoouroclothesoinotheolocalolanguageoofotheoworkers....

  • Page 8
    ....oInoaccordanceowithoConsumeroProductoSafety Commissionorequirements,oweopubliclyomaintainoaolistoofoproductorecallsoconductedoonoouroe-commerceowebsite. Merchandise Inventory, Replenishment and Distribution Merchandiseoisogenerallyoshippedodirectlyofromoourovendorsoandoroutedothroughothird...

  • Page 9
    ... timingoandoleveloofomarkdowns,ostoreoclosingsoandoremodels,ocompetitiveofactors,oweatheroandogeneraloeconomicoconditions. Tvailable Information OuroAnnualoReportsoonoFormo10-K,oQuarterlyoReportsoonoFormo10-Q,oCurrentoReportsoonoFormo8-Koandoamendmentsotoothoseoreportsoareoavailable,ofree ofocharge...

  • Page 10
    Table of Contents Additionally,oouroinvestoropresentationsoareoavailableounderotheo"AboutoAEO,oInc."osectionoofoourowebsiteoatowww.ae.com.oTheseopresentationsoare availableoasosoonoasoreasonablyopracticableoafterotheyoareopresentedoatoinvestoroconferences. Certifications ...

  • Page 11
    ...,oincreasedoCBPoenforcementoactions,ooropoliticalooroeconomic disruptions. keohaveoaoVendoroCodeoofoConducto(theo"Code")othatoprovidesoguidelinesoforoalloofoourovendorsoregardingoworkingoconditions,oemploymentopractices andocomplianceowitholocalolaws.oAocopyoofotheoCodeoisopostedoonoourowebsite,owww...

  • Page 12
    .... Our ability to safeguard against any security breach with respect to our information technology systems Duringotheocourseoofobusiness,oweoregularlyoobtainoandotransmitoconfidentialocustomeroinformationothroughoouroinformationotechnologyosystems.oIfoour informationotechnologyosystemsoareobreached...

  • Page 13
    ....oTootheoextentoweodoonotocomplyowithotheorequiredocovenantsoandoareounableotooobtainoaowaiverooroamendment,oouroaccessotootheoCreditoAgreementomayobe limited.oAlthoughoweoexpectotoocontinueotoogenerateopositiveocashoflowodespiteotheocurrentoeconomy,othereocanobeonooassuranceothatoweowillobeoableoto...

  • Page 14
    Table of Contents ITEM 2. PROPERTIES. keoownotwoobuildingsoinourbanoPittsburgh,oPennsylvaniaowhichohouseoourocorporateoheadquarters.oTheseobuildingsototalo186,000osquareofeetoand 150,000osquareofeet,orespectively.okeoleaseooneolocationonearoouroheadquarters,...

  • Page 15
    Table of Contents PTRT II ITEM 5. MARKET FOR THE REGISTRANT'S iOMMON EQUITY, RELATED STOiKHOLDER MATTERS AND ISSUER PURiHASES OF EQUITY SEiURITIES. OurocommonostockoisotradedoonotheoNYSEounderotheosymbolo"AEO".oAsoofoMarcho6,o2013,othereowereo554ostockholdersooforecord.oHowever,owhen ...

  • Page 16
    ... Performance Graph The following Performance Graph and related information shall not be deemed "soliciting material" or to be filed with the SEC, nor shall such information be...1/29/11 1/28/12 2/2/13 Tmerican Eagle Outfitters, Inc. S&P Midcap 400 Dynamic Retail Intellidex 100.00 100.00 100.00 ...

  • Page 17
    ... of securities remaining available for issuance under equity compensation plans (excluding securities reflected in column (a))(1) Number of securities to be issued upon exercise of outstanding options, warrants and rights(1) Weighted-average exercise price of outstanding options, warrants and...

  • Page 18
    ...,o2010,oandoJanuaryo31,o2009oareoderivedofromoauditedoConsolidatedoFinancial Statementsonotoincludedoherein. (In thousands, except per share amounts, ratios and other financial information) February 2, 2013 January 28, 2012 For the Years Ended(1) January 29, 2011 January 30, 2010 January 31, 2009...

  • Page 19
    ... share amounts, ratios and other financial information) February 2, 2013 January 28, 2012 2011 January 30, 2010 January 31, 2009 Other Financial Information (2) Totalostoresoatoyear-end Capitaloexpenditures Netosalesoperoaverageosellingosquareofoot(4) Totalosellingosquareofeetoatoendoofoperiod...

  • Page 20
    ....oThisorevenueois recordedoasoaocomponentoofototalonetorevenueowhenoearned. Merchandise Inventory. Merchandiseoinventoryoisovaluedoatotheoloweroofoaverageocostooromarket,outilizingotheoretailomethod.oAverageocostoincludes...

  • Page 21
    Table of Contents customeropreference,olackoofoconsumeroacceptanceoofofashionoitems,ocompetition,ooroifoitoisodeterminedothatotheoinventoryoinostockowillonotoselloatoitsocurrently ticketedoprice,oadditionalomarkdownsomayobeonecessary.oTheseomarkdownsomayohaveoaomaterialoadverseoimpactoonoearnings,...

  • Page 22
    Table of Contents keocalculateoaoweighted-averageoexpectedotermobasedoonohistoricaloexperience.oExpectedostockopriceovolatilityoisobasedoonoaocombinationoofohistorical volatilityoofoourocommonostockoandoimpliedovolatility....

  • Page 23
    ...,otheonumberoofounitsosoldoperostoreoandotheonumberoofounitsoperotransaction,oisoevaluated byoouromanagementoinoassessingoourooperationaloperformance. Inventory turnover o-oOuromanagementoevaluatesoinventoryoturnoveroasoaomeasureoofohowoproductivelyoinventoryoisoboughtoandosold.oInventory...

  • Page 24
    ...-GAAPofinancialomeasureodiscussedoabove. For the Fiscal Years Ended February 2, January 28, 2013 2012 Incomeofromocontinuingooperationsoperodilutedoshare-GAAPoBasis Add:oRestructuringoandoimpairmentocosts(1) Less:oTaxoBenefits(2) Incomeofromocontinuingooperationsoperodilutedoshare-Non-GAAPoBasis...

  • Page 25
    ...Ended January 28, February 2, 2013 January 29, 2012 2011 Totalonetorevenue Costoofosales,oincludingocertainobuying,ooccupancyoandowarehousing ... 4.1oo 6.7oo (1.9)o 4.8%o Comparison of Fiscal 2012 to Fiscal 2011 Total Net Revenue Totalonetorevenueoforotheo53oweekoyearoincreasedo11%otoo$3....

  • Page 26
    Table of Contents principles.oLessopromotionaloactivityoleadotoooveralloimprovementoinomarkdowns.oBOkocostsoimprovedoasoaorateotoototalonetorevenueoasoaoresultoofothe leveragingoofoourorentocostsoonotheo9%oincreaseoinocomparableosalesoforotheoyear.oByobrand,oincludingoAEOoDirect,...

  • Page 27
    Table of Contents ReferotooNoteo14otootheoConsolidatedoFinancialoStatementsoforoadditionaloinformationoregardingoouroaccountingoforoincomeotaxes. Income from iontinuing Operations IncomeofromocontinuingooperationsoforoFiscalo2012owaso$264.1omillion,ooro$1.32operodilutedoshare.oThisoincludeso$11....

  • Page 28
    Table of Contents increasedoasoaorateotoototalonetorevenueoasoaoresultoofotheoimpactoofoincreasedorent,opartiallyooffsetobyotheo3%oincreaseoinocomparableosalesoforotheoyear.oByobrand, includingoAEOoDirect,...

  • Page 29
    Table of Contents Provision for Income Taxes Theoeffectiveoincomeotaxorateofromocontinuingooperationsodecreasedotooapproximatelyo36%oinoFiscalo2011ofromo38%oinoFiscalo2010.oTheohigheroeffective ...

  • Page 30
    ...,otheofollowingotableorepresentsotheofairovalueohierarchyoforoourofinancialoassetso(cashoequivalentsoandoinvestments) measuredoatofairovalueoonoaorecurringobasisoasoofoFebruaryo2,o2013: Fair Value Measurements at February 2, 2013 Quoted Market Prices in Tctive Markets for Significant Other (In...

  • Page 31
    Table of Contents Theofollowingosetsoforthocertainomeasuresoofoouroliquidity: February 2, 2013 January 28, 2012 korkingoCapitalo(ino000's) CurrentoRatio $705,898oo ...o2013ocomparedotooJanuaryo28, 2012,orelatedoprimarilyotooourouseoofocashoforoinvestingoandofinancingoactivities,ooffsetobyonetoincome...

  • Page 32
    Table of Contents iapital Expenditures for Property and Equipment Fiscalo2012ocapitaloexpendituresowereo$93.9omillion,ocomparedotoo$89.5omillionoinoFiscalo2011.oFiscalo2012oexpendituresoincludedo$52.0omillion relatedotooinvestmentsoinoouroAEOostores,oincludingo16onewoAEOostores,...

  • Page 33
    Table of Contents DuringoFiscalo2012,oFiscalo2011oandoFiscalo2010,oweorepurchasedoapproximatelyo0.3omillion,o0.1omillionoando1.0omillionoshares,orespectively,ofrom certainoemployeesoatomarketopricesototalingo$4.1omillion,o$2.2omillionoando$18.0omillion,orespectively....

  • Page 34
    Table of Contents Disclosure about iommercial iommitments TheofollowingotableosummarizesoourosignificantocommercialocommitmentsoasoofoFebruaryo2,o2013: Tmount of Commitment Expiration Per Period Total (In thousands) Tmount Committed Less than 1-3 Years 1 Year 3-5 Years More than 5 Years ...

  • Page 35
    Table of Contents ITEM 7T. QUANTITATIVE AND QUALITATIVE DISiLOSURES ABOUT MARKET RISK keohaveomarketoriskoexposureorelatedotoointerestoratesoandoforeignocurrencyoexchangeorates.oMarketoriskoisomeasuredoasotheopotentialonegativeoimpactoon earnings,...

  • Page 36
    Table of Contents ITEM 8. FINANiIAL STATEMENTS AND SUPPLEMENTARY DATA. Index to Consolidated Financial Statements ReportoofoIndependentoRegisteredoPublicoAccountingoFirm ConsolidatedoBalanceoSheets ConsolidatedoStatementsoofoOperations ConsolidatedoStatementsoofoComprehensiveoIncome ...

  • Page 37
    Table of Contents Report of Independent Registered Public Tccounting Firm TheoBoardoofoDirectorsoandoStockholdersoof AmericanoEagleoOutfitters,...,otheoconsolidatedofinancialopositionoofoAmericanoEagle Outfitters,oInc.oatoFebruaryo2...ooooErnsto&oYoungoLLP Pittsburgh,oPennsylvania Marcho12...

  • Page 38
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. CONSOLIDTTED BTLTNCE SHEETS (In thousands, except per share amounts) February 2, 2013 January 28, 2012 Tssets Currentoassets: Cashoandocashoequivalents Short-termoinvestments Merchandiseoinventory Assetsoheldoforosale Accountsoreceivable ...

  • Page 39
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. CONSOLIDTTED STTTEMENTS OF OPERTTIONS February 2, 2013 For the Years Ended January 28, January 29, (In thousands, except per share amounts) 2012 2011 Totalonetorevenue Costoofosales,oincludingocertainobuying,ooccupancyoandowarehousingoexpenses ...

  • Page 40
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. CONSOLIDTTED STTTEMENTS OF COMPREHENSIVE INCOME February 2, 2013 For the Years Ended January 28, January 29, (In thousands) 2012 2011 Netoincome Otherocomprehensiveoincome: Temporaryoimpairmentorelatedotooinvestmentosecurities,onetoofotax ...

  • Page 41
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. CONSOLIDTTED STTTEMENTS OF STOCKHOLDERS' EQUITY Tccumulated... 2012 ...-oo o o -oo o o -oo o $ (938,565) $ o -oo o o o o o o o $ Balance at February 2, 2013 (1) o -oo o (173,554)o o -oo o (4,125)o o (36,213)o o 125,515oo o 232,108oo o -oo o -oo o...

  • Page 42
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. CONSOLIDTTED STTTEMENTS OF CTSH FLOWS February 2, 2013 $ o $ o o o o o o o o o o o o o o o o o o o For the Years Ended January 28, January 29, (In thousands) Operatingoactivities: Netoincome Lossofromodiscontinuedooperations,onetoofotax 2012 $ o...

  • Page 43
    ... of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS FOR THE YETR ENDED FEBRUTRY 2, 2013 1. Business Operations AmericanoEagleoOutfitters,oInc... January 28, February 2, 2013 January 29, 2012 2011 Men'soappareloandoaccessories komen'soappareloandoaccessorieso...

  • Page 44
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) Recent Accounting Pronouncements InoJuneo2011,otheoFinancialoAccountingoStandardsoBoardo("FASB")oissuedoAccountingoStandardsoUpdateo("ASU")o2011-05,o Presentation of Comprehensive Income o("...

  • Page 45
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) ...Merchandise Inventory Merchandiseoinventoryoisovaluedoatotheoloweroofoaverageocostooromarket...

  • Page 46
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) lossesoareorecordedoonolong-livedoassetsousedoinooperationsowhenoeventsoandocircumstancesoindicateothatotheoassetsomightobeoimpairedoandotheoundiscounted ...

  • Page 47
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) futureoundiscountedocashoflowsoareolessothanotheocarryingoamountsoofotheoassets,othenotheoassetsoareoimpairedoandoareoadjustedotootheiroestimatedofairovalue.oNo ...

  • Page 48
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) expirationodate,.... February 2, 2013 For the Years Ended January 28, January 29, (In thousands) 2012 2011 Beginningobalance Returns...

  • Page 49
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) Revenueoisonotorecordedoonotheopurchaseoofogiftocards.oAocurrentoliabilityoisorecordedouponopurchase,oandorevenueoisorecognizedowhenotheogiftocardois redeemedoforomerchandise.oAdditionally,...

  • Page 50
    ... TMERICTN ETGLE OUTFITTERS, INC. NOTES...2013 For the Years Ended January 28, January 29, (In thousands) 2012 2011 Cashopaidoduringotheoperiodsofor: Incomeotaxes Interest $ 142,009oo $ 348oo $99,756oo $ -oo $ 45,737oo $ 191oo Segment Information InoaccordanceowithoASCo280,o Segment Reporting...

  • Page 51
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) Theofollowingotablesopresentosummarizedogeographicaloinformation: For the Years Ended January 28, (In thousands) February 2, 2013 January 29, 2012 2011 Totalonetorevenue: UnitedoStates ...

  • Page 52
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) Proceedsofromotheosaleoofoavailable-for-saleosecuritiesowereo$15.5omillion,o$240.8omillionoando$177.5omillionoforoFiscalo2012,oFiscalo2011oandoFiscal 2010,orespectively....

  • Page 53
    ... OUTFITTERS,... February 2, 2013 Quoted Market Prices...-oo -oo -oo -oo -oo -oo (In thousands) Carrying Tmount Fair Value Measurements at January 28, 2012 Quoted Market Prices in Tctive Markets for Significant Other Identical Tssets Observable (Level 1) Inputs (Level 2) Significant Unobservable Inputs...

  • Page 54
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) Asoaoresultoofotheodiscountedocashoflowoanalysis,onooimpairmentolossoonoinvestmentosecuritiesowasorecordedoforoFiscalo2012ooroFiscalo2011. ...

  • Page 55
    ... 28, (In thousands, except per share amounts) February 2, 2013 January 29, 2012 2011 keightedoaverageocommonosharesooutstanding: Basiconumberoofocommonosharesooutstanding Dilutiveoeffectoofostockooptionsoandonon-vestedorestrictedostock Dilutiveonumberoofocommonosharesooutstanding o196,211oo...

  • Page 56
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) 7. Property and Equipment Propertyoandoequipmentoconsistsoofotheofollowing: (In thousands) February 2, 2013 January 28, 2012 Land Buildings Leaseholdoimprovements Fixturesoandoequipment ...

  • Page 57
    ... TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) TheotableobelowosummarizesotheoestimatedofutureoamortizationoexpenseoforointangibleoassetsoexistingoasoofoFebruaryo2,o2013oforotheonextofiveoFiscaloYears: Future (In thousands) Tmortization 2013 2014 2015...

  • Page 58
    ... TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) Aosummaryoofofixedominimumoandocontingentorentoexpenseoforoallooperatingoleasesofollows: For the Years Ended January 28, (In thousands) February 2, 2013 January 29, 2012 2011 Storeorent: Fixedominimum...

  • Page 59
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) AccumulatedootherocomprehensiveoincomeoconsistsoonlyoofoforeignocurrencyotranslationoadjustmentoasoofoFebruaryo2,o2013oandoJanuaryo28,o2012. 12. Share-Based Payments ...

  • Page 60
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) ...sostockooptionoactivityounderoalloplansoforoFiscalo2012ofollows: For the Year Ended February 2, 2013 WeightedWeightedTverage Tverage Remaining Exercise Contractual Price Term ...

  • Page 61
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - ...-Scholes Option Valuation Tssumptions February 2, 2013 January 29, 2012 2011 Risk-freeointerestorates(1) Dividendoyield VolatilityofactorsoofotheoexpectedomarketopriceoofotheoCompany's commonostock...

  • Page 62
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) AosummaryoofotheoactivityoofotheoCompany'...the Years Ended January 28, (In thousands) February 2, 2013 January 29, 2012 2011 U.S. Foreign Total $ 381,131oo o 20,907oo $...

  • Page 63
    ... of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) TheosignificantocomponentsoofotheoCompany'sodeferredotaxoassetsoandoliabilitiesowereoasofollows: (In thousands) February 2, 2013 January 28, 2012 Deferredotaxoassets: Deferredocompensation Rent...

  • Page 64
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL... (In thousands) February 2, 2013 January 29, 2012 2011 Unrecognizedotaxobenefits,obeginningoofotheoyearobalance Increasesoinotaxopositionsoofoprioroperiods Decreasesoinotaxopositionsoofoprioroperiods ...

  • Page 65
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) ...Ended January 28, February 2, 2013 January 29, 2012 2011 Federaloincomeotaxorate Stateoincomeotaxes,onetoofofederaloincomeotaxoeffect Valuationoallowanceochanges,...

  • Page 66
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO ... o o $ 16,623oo 7,768oo 10,237oo 3,439oo 38,067oo February 2, 2013 AccruedoliabilityoasoofoJanuaryo28,o2012 Add:oCostsoincurred,oexcludingonon-cashocharges Less:oCashopayments AccruedoliabilityoasoofoFebruaryo2,o2013 $ -oo o 13,...

  • Page 67
    ...of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO.... For the Year Ended February 2, 2013 M+O Total 77kids Totalonetorevenue Lossofromodiscontinuedooperations,obeforeoincomeotaxeso(1) ...the Year Ended January 28, 2012 M+O Total 77kids Totalonetorevenue Lossofromodiscontinuedooperations...

  • Page 68
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) 77kids For the Year Ended January 29, 2011 ...,o2013. (In thousands) January 28, 2012 Currentoassets Non-currentoassets Totaloassets(1) Totalocurrentoliabilities Totalonon-currentoliabilities...

  • Page 69
    ... OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) 16. Quarterly Financial Information...thousands, except per share amounts) 2012 2012 2012 February 2, 2013 Totalonetorevenue Grossoprofit Incomeofromocontinuingooperations Lossofromodiscontinuedooperations Netoincome ...

  • Page 70
    Table of Contents TMERICTN ETGLE OUTFITTERS, INC. NOTES TO CONSOLIDTTED FINTNCITL STTTEMENTS - (Continued) 17. Subsequent Events SubsequentotootheoendoofoFiscalo2012,otheoCompanyomutuallyoterminatedoitsostoreolicenseoagreemento(theo"Agreement")owithoDicksonoConcepts (International)oLimitedo("...

  • Page 71
    ..., 2013. TheoCompany'soindependentoregisteredopublicoaccountingofirmothatoauditedotheofinancialostatementsoincludedoinothisoAnnualoReportoissuedoanoattestation reportoonotheoCompany'sointernalocontrolooverofinancialoreporting. Changes in Internal Control Over Financial Reporting...

  • Page 72
    Table of Contents Report of Independent Registered Public Tccounting Firm TheoBoardoofoDirectorsoandoStockholdersoof..., 2013,obasedoonotheoCOSOocriteria...,o2013oexpressedoanounqualifiedoopinionothereon. /s/ooooErnsto&oYoungoLLP Pittsburgh,oPennsylvania Marcho12,o2013 71

  • Page 73
    Table of Contents ITEM 9B. OTHER INFORMATION. Notoapplicable. PTRT III ITEM 10. DIREiTORS, EXEiUTIVE OFFIiERS AND iORPORATE GOVERNANiE. Theoinformationoappearingounderotheocaptionso"ProposaloOne:oElectionoofoDirectors,"o"ExecutiveoOfficers,"o"Sectiono16(a)oBeneficialoOwnership ...

  • Page 74
    Table of Contents (a)(3)ooExhibits Exhibit Number Description oo3.1 oo3.2 oo4.1 oo4.2 AmendedoandoRestatedoCertificateoofoIncorporation,oasoamended(1) AmendedoandoRestatedoBylaws(2) SeeoAmendedoandoRestatedoCertificateoofoIncorporation,oasoamended,oinoExhibito3.1ohereof ...

  • Page 75
    Table of Contents Exhibit Number Description 10.24^ ChangeoinoControloAgreementobetweenotheoRegistrantoandoMaryoM.oBoland,odatedoJulyo25,o2012(26) EmploymentoAgreementobetweenotheoRegistrantoandoSherryoHarris,odatedoNovembero5,o2012(27) 10.25^ 21* 23* 24* Subsidiaries ...

  • Page 76
    Table of Contents (14) PreviouslyofiledoasoAppendixoAotootheoDefinitiveoProxyoStatementoforotheo2009oAnnualoMeetingoofoStockholdersoheldoonoJuneo16,o2009oheldoonoJuneo16, 2009,ofiledoMayo4,o2009oandoincorporatedohereinobyoreference. (15) PreviouslyofiledoasoExhibito10.1otootheoFormo8-...

  • Page 77
    ... * ThomasoR.oKetteler Director * RogeroS.oMarkfield Director * CaryoD.oMcMillan Director * JaniceoE.oPage Director * NoeloJ.oSpiegel Director * GeraldoE.okedren Director *By:o /s/ooooMaryoM.oBoland MaryoM.oBoland, Attorney-in-Fact 76

  • Page 78
    ...American Eagle Outfitters Asia Limited, a Hong Kong Limited Liability Company American Eagle Outfitters Canada Corporation, a Canadian (Nova Scotia) Unlimited Liability Company American Eagle Outfitters Hong Kong Limited, a Hong Kong Limited Liability Company Blue Heart Enterprises LLC, a Delaware...

  • Page 79
    ... BSI Imports Company, LLC, a Delaware Limited Liability Company Linmar Realty Company II LLC, a Delaware Limited Liability Company Retail Distribution West LLC, a Delaware Limited Liability Company Retail Licensing Company, a Nevada Corporation Retail Royalty Company, a Nevada Corporation South...

  • Page 80
    ... financial statements of American Eagle Outfitters, Inc. and the effectiveness of internal control over financial reporting of American Eagle Outfitters, Inc., included in this Annual Report (Form 10-K) for the year ended February 2, 2013. /s/ Ernst & Young LLP Pittsburgh, Pennsylvania March 12...

  • Page 81
    ... and to cause to be filed with the Securities and Exchange Commission (the "Commission"), the Corporation's Annual Report on Form 10-K (the "Form 10-K") for the year ended February 2, 2013, and likewise to sign and file with the Commission any and all amendments to the Form 10-K, and the Corporation...

  • Page 82
    ... Robert L. Hanson, certify that: 1. I have reviewed this Annual Report on Form 10-K of American Eagle Outfitters, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of...

  • Page 83
    ...Mary M. Boland, certify that: 1. I have reviewed this Annual Report on Form 10-K of American Eagle Outfitters, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the...

  • Page 84
    ... Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 In connection with the Annual Report of American Eagle Outfitters, Inc. (the "Company") on Form 10-K for the period ended February 2, 2013 as filed with the Securities and Exchange Commission on the date hereof (the...

  • Page 85
    ... Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 In connection with the Annual Report of American Eagle Outfitters, Inc. (the "Company") on Form 10-K for the period ended February 2, 2013 as filed with the Securities and Exchange Commission on the date hereof (the...

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