Harris Teeter 2001 Annual Report Download - page 3

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(Dollars in thousands, except per share data) 2001(3) 2000 1999(1) 1998
Net Sales
American & Efird (A&E) $ 326,491 $ 359,183 $ 361,133 $ 365,184
Harris Teeter 2,416,799 2,332,908 2,273,156 2,132,223
Total Net Sales $ 2,743,290 $ 2,692,091 $ 2,634,289 $ 2,497,407
Operating Profit
American & Efird $ 21,635 $ 47,478 $ 48,617 $ 42,070
Harris Teeter 31,802 59,146 55,438 52,126
Total Operating Profit $ 53,437 $ 106,624 $ 104,055 $ 94,196
Net Income $ (727) $ 51,002 $ 50,714 $ 46,772
Net Income Per Share – Diluted (.02) 1.10 1.08 1.00
Common Dividend .36 .36 .33 .32
Earnings Before Interest, Taxes,
Depreciation and Amortization (EBITDA) $ 125,230 $ 176,896 $ 166,699 $ 152,851
Shareholders’ Equity $ 445,353 $ 473,005 $ 443,683 $ 410,725
Percent Return on Beginning Equity (0.2%) 11.5% 12.3% 12.3%
Book Value Per Share $ 9.61 $ 10.23 $ 9.55 $ 8.82
Capital Expenditures
American & Efird $ 19,169 $ 19,744 $ 15,658 $ 20,246
Harris Teeter 68,525 98,973 77,513 75,082
Corporate 27 38 3,766 145
Total Capital Expenditures $ 87,721 $ 118,755 $ 96,937 $ 95,473
Working Capital $ 112,272 $ 138,091 $ 124,060 $ 87,333
Total Assets $ 939,988 $ 1,021,018 $ 970,114 $ 931,618
Long-Term Debt – Including Current Portion $ 157,113 $ 227,940 $ 198,961 $ 191,931
Long-Term Debt as a Percent of Capital Employed 25.7% 32.1% 30.7% 31.6%
Number of Employees 17,100 20,000 19,800 20,700
Number of Beneficial Shareholders
Including Employee/Owners 15,000 16,000 19,500 21,000
Common Shares Outstanding 46,319,696 46,220,876 46,451,240 46,554,591
(1) 53-week year
(2) Includes purchase of assets of Threads USA.
(3) Operating profit, net income, EBITDA and related returns are net of non-recurring charges at A&E of $2,105,000 ($1,285,000 after
taxes), Harris Teeter of $45,035,000 ($27,370,000 after taxes) and a tax settlement with IRS of $20,000,000 which are more fully
described in the Company’s annual report on Form 10-K.
eleven-year financial and operating summary Ruddick Corporation and Subsidiaries