Henry Schein 2006 Annual Report Download - page 22

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Years ended
December 30, December 31, December 25, December 27, December 28,
2006 2005 2004 2003 2002
(in thousands)
December 30, December 31, December 25, December 27, December 28,
2006 2005(1) 2004(1) 2003 (1) 2002(1)
(in thousands, except per share data)
Income Statement Data:
Net sales $5,153,097 $4,635,929 $3,898,485 $3,194,031 $2,675,645
Gross profit 1,480,055 1,316,936 1,054,465 908,163 771,538
Selling, general and administrative expenses
(2)
1,175,158 1,053,798 862,267 690,393 591,915
Operating income 304,897 263,138 192,198 217,770 179,623
Other expense, net (9,295) (16,534) (11,121) (8,973) (6,933)
Income from continuing operations before taxes, minority interest and
equity in earnings of affiliates 295,602 246,604 181,077 208,797 172,690
Income taxes from continuing operations (105,220) (90,456) (67,016) (77,959) (63,487)
Minority interest in net income of subsidiaries (8,090) (5,963) (1,486) (2,807) (2,591)
Equity in earnings of affiliates 835 827 1,699 931 659
Income from continuing operations 183,127 151,012 114,274 128,962 107,271
Income (loss) from discontinued operations, net of tax
(3)
(19,368) (11,253) 2,565 (794) 4,146
Net income $ 163,759 $ 139,759 $ 116,839 $ 128,168 $ 111,417
Earnings from continuing operations per share:
Basic $ 2.08 $ 1.74 $ 1.31 $ 1.48 $ 1.23
Diluted 2.04 1.71 1.29 1.45 1.21
Earnings (loss) from discontinued operations per share:
Basic $ (0.22) $ (0.13) $ 0.03 $ (0.01) $ 0.05
Diluted (0.22) (0.13) 0.03 (0.01) 0.04
Earnings per share:
Basic $ 1.86 $ 1.61 $ 1.34 $ 1.47 $ 1.28
Diluted 1.82 1.58 1.32 1.44 1.25
Weighted-average common shares outstanding:
Basic 87,952 87,006 87,253 87,417 86,978
Diluted 89,820 88,489 88,646 89,099 89,007
20
HENRY SCHEIN
SELECTED FINANCIAL DATA
The following selected financial data, with respect to our financial position and results of operations for each of the five fiscal years in the period ended December 30, 2006, set forth below, has been derived from, should be read in
conjunction with and is qualified in its entirety by reference to, our consolidated financial statements and notes thereto. The selected financial data presented below should also be read in conjunction with ITEM 7, “Management's
Discussion and Analysis of Financial Condition and Results of Operations” and ITEM 8, “Financial Statements and Supplementary Data.”
Net Sales by Market Data:
Healthcare Distribution
(4)
Dental
(5)
$2,136,830 $1,896,643 $1,602,457 $1,364,812 $1,227,273
Medical
(6)
1,516,155 1,394,121 1,284,279 1,178,310 944,600
International
(7)
1,401,889 1,256,910 928,207 576,628 437,046
Total Healthcare Distribution 5,054,874 4,547,674 3,814,943 3,119,750 2,608,919
Technology
(8)
98,223 88,255 83,542 74,281 66,726
Total $5,153,097 $4,635,929 $3,898,485 $3,194,031 $2,675,645
As of
December 30, December 31, December 25, December 27, December 28,
2006 2005 2004 2003 2002
(in thousands)
Balance Sheet Data:
Total assets $2,881,146 $2,583,120 $2,433,670 $1,819,370 $1,558,052
Long-term debt 455,806 489,520 525,682 247,100 242,561
Minority interest 21,746 12,353 12,438 11,532 6,748
Stockholders' equity
(1)
1,470,963 1,249,154 1,117,706 1,006,551 863,133
Years ended
See page 21 for Notes For Selected Financial Data.