Coach 2011 Annual Report Download - page 27
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TABLE OF CONTENTS
ITEM 6. SELECTED FINANCIAL DATA (dollars and shares in thousands, except per share data)
The selected historical financial data presented below as of and for each of the fiscal years in the five-year period ended June 30, 2012
have been derived from Coach’s audited Consolidated Financial Statements. The financial data should be read in conjunction with Item 7,
“Management’s Discussion and Analysis of Financial Condition and Results of Operations,” the Consolidated Financial Statements and
Notes thereto and other financial data included elsewhere herein.
Fiscal Year Ended(1)
June 30, 2012(2) July 2, 2011(2) July 3, 2010 June 27, 2009(2) June 28, 2008(2)
Consolidated Statements of
Income:
Net sales $ 4,763,180 $ 4,158,507 $ 3,607,636 $ 3,230,468 $ 3,180,757
Gross profit 3,466,078 3,023,541 2,633,691 2,322,610 2,407,103
Selling, general and administrative
expenses
1,954,089 1,718,617 1,483,520 1,350,697 1,259,974
Operating income 1,511,989 1,304,924 1,150,171 971,913 1,147,129
Income from continuing
operations(3)
1,038,910 880,800 734,940 623,369 783,039
Income from continuing operations:
Per basic share $ 3.60 $ 2.99 $ 2.36 $ 1.93 $ 2.20
Per diluted share 3.53 2.92 2.33 1.91 2.17
Weighted-average basic shares
outstanding
288,284 294,877 311,413 323,714 355,731
Weighted-average diluted shares
outstanding
294,129 301,558 315,848 325,620 360,332
Dividends declared per common
share(4)
$ 0.975 $ 0.675 $ 0.375 $ 0.075 $ —
Consolidated Percentage of Net
Sales Data:
Gross margin 72.8% 72.7% 73.0% 71.9% 75.7%
Selling, general and administrative
expenses
41.0% 41.3% 41.1% 41.8% 39.6%
Operating margin 31.7% 31.4% 31.9% 30.1% 36.1%
Income from continuing operations 21.8% 21.2% 20.4% 19.3% 24.6%
Consolidated Balance Sheet Data:
Working capital $ 1,086,368 $ 859,371 $ 773,605 $ 936,757 $ 908,277
Total assets 3,104,321 2,635,116 2,467,115 2,564,336 2,247,353
Cash, cash equivalents and
investments
923,215 712,754 702,398 806,362 706,905
Inventory 504,490 421,831 363,285 326,148 318,490
Long-term debt 985 23,360 24,159 25,072 2,580
Stockholders' equity 1,992,931 1,612,569 1,505,293 1,696,042 1,490,375
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