Circuit City 2003 Annual Report Download - page 10

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2002 Europe North America TOTAL
---- ------ ------------- -----
Net sales.................................. $587,712 $963,805 $1,551,517
Income (loss) from operations.............. $7,823 $(15,604) $(7,781)
Identifiable assets........................ $130,651 $307,253 $437,904
2001 Europe North America TOTAL
---- ------ ------------- -----
Net sales.................................. $564,360 $982,615 $1,546,975
Income (loss) from operations.............. $18,229 $(15,699) $2,530
Identifiable assets........................ $121,717 $332,730 $454,447
Item 2. Properties.
Our primary facilities, which are leased except where otherwise indicated, are as follows:
Approximate Expiration
Facility Location Square Feet of Lease
-------- -------- ----------- --------
Headquarters, Sales and Distribution Center (1) Port Washington, NY 86,000 2007
Sales and Distribution Center (2) Suwanee, GA 361,000 Owned
Sales and Distribution Center Compton, CA 140,000 2007
Sales and Distribution Center Naperville, IL 241,000 2010
PC Assembly, Sales and Distribution Center Fletcher, OH 297,000 Owned
Sales Center Miami, FL 71,000 2010
Sales and Distribution Center Markham, Ontario 45,000 2005
Sales and Distribution Center Verrieres le Buisson, France 48,000 2007
Sales and Distribution Center Frankfurt, Germany 92,000 2013
Sales and Distribution Center Madrid, Spain 38,000 (3)
Sales and Distribution Center Milan, Italy 102,000 2009
Sales and Distribution Center Greenock, Scotland 78,000 Owned
European Headquarters and Sales Center Wellingborough, England 75,000 Owned
Sales Center Amstelveen, Netherlands 21,000 2007
Sales and Distribution Center Lidkoping, Sweden 20,000 2005
We also lease space for other, smaller offices and retail stores in the United States, Canada and Europe. We have three
vacated facilities totaling approximately 100,000 square feet in England, which we are actively trying to sublease. For
further information regarding our lease obligations, see Note 10 to the Consolidated Financial Statements.
Item 3. Legal Proceedings.
Systemax is a party to various pending legal proceedings and disputes arising in the normal course of business,
including those involving commercial, employment, tax and intellectual property related claims, none of which, in
management’s opinion, is anticipated to have a material adverse effect on our consolidated financial statements.
Item 4. Submission of Matters to a Vote of Security Holders.
During the quarter ended December 31, 2003, there were no matters submitted to a vote of the Company's
security holders.
PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters.
Systemax common stock is traded on the New York Stock Exchange under the symbol "SYX". The following
table sets forth the high and low closing sales price of our common stock as reported on the New York Stock Exchange
(1) For information about this facility, leased from related parties, see "Item 13--Certain Relationships and Related
Transactions"
(2)
Approximately 120,000 square feet is leased to a third party through March 2004.
(3)
Terminable upon two months prior written notice.