Dillard's 2003 Annual Report Download - page 13

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ITEM 6. SELECTED FINANCIAL DATA.
Table of Selected Financial Data
(In thousands of dollars, except per share data)
2003 2002 2001 2000* 1999
Net sales $7,598,934 $7,910,996 $8,154,911 $8,566,560 $8,676,711
Percent change -4% -3% -5% -1% 12%
Cost of sales 5,170,173 5,254,134 5,507,702 5,802,147 5,762,431
Percent of sales 68.0% 66.4% 67.5% 67.8% 66.4%
Interest and debt expense 181,065 189,779 192,344 169,609 249,514
Income before taxes 15,994 204,261 120,963 183,531 283,949
Income taxes 6,650 72,335 49,165 59,390 120,220
Income before cumulative effect of
accounting change 9,344 131,926 71,798 124,141 163,729
Cumulative effect of accounting change - (530,331) (1) - (129,991) (2) -
Net income (loss) 9,344 (398,405) 71,798 (5,850) 163,729
Pro forma inventory change - - - - (8,963) (3)
Pro forma net income (loss) 9,344 (398,405) 71,798 (5,850) 154,766
Per Diluted Common Share
Income before cumulative effect of
accounting change 0.11 1.55 0.85 1.36 1.55
Cumulative effect of accounting change -(6.22) - (1.42) -
Net income (loss) 0.11 (4.67) 0.85 (0.06) 1.55
Pro forma inventory change - - - - (0.08)
Pro forma net income (loss) 0.11 (4.67) 0.85 (0.06) 1.47
Dividends 0.16 0.16 0.16 0.16 0.16
Book value 26.79 26.71 31.81 30.94 28.68
Average number of shares
outstanding 83,899,974 85,316,200 84,486,747 91,199,184 105,617,503
Accounts receivable (4) 1,232,456 1,387,835 1,112,325 1,011,481 1,137,458
Merchandise inventories 1,632,377 1,594,308 1,561,863 1,616,186 2,047,830
Property and equipment 3,197,469 3,370,502 3,455,715 3,508,331 3,619,191
Total assets 6,411,097 6,675,932 7,074,559 7,199,309 7,918,204
Long-term debt (4) 1,855,065 2,193,006 2,124,577 2,374,124 2,894,616
Capitalized lease obligations 17,711 18,600 20,459 22,453 24,659
Deferred income taxes 617,236 645,020 643,965 638,648 702,467
Guaranteed Preferred Beneficial Interests
in the Company's Subordinated Debentures 200,000 531,579 531,579 531,579 531,579
Stockholders' equity 2,237,097 2,264,196 2,668,397 2,629,820 2,832,834
Number of employees - average 53,598 55,208 57,257 58,796 61,824
Gross square footage (in thousands) 56,000 56,700 56,800 56,500 57,000
Number of stores
Opened 5 4 6 4 8
Acquired 0 0 4 0 0
Closed 10 9 9 9 1
Total - end of year 328 333 338 337 342
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