Ingram Micro 2006 Annual Report Download - page 43

ITEM 6. SELECTED FINANCIAL DATA
SELECTED CONSOLIDATED FINANCIAL DATA
The following table presents our selected consolidated financial data, which includes the results of operations
of our acquisitions that have been combined with our results of operations beginning on their acquisition dates. The
information set forth below should be read in conjunction with “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” and the historical consolidated financial statements and notes
thereto, included elsewhere in this Annual Report on Form 10-K.
Our fiscal year is a 52-week or 53-week period ending on the Saturday nearest to December 31. References
below to 2006, 2005, 2004, 2003 and 2002 represent the fiscal years ended December 30, 2006 (52-weeks),
December 31, 2005 (52-weeks), January 1, 2005 (52-weeks), January 3, 2004 (53-weeks) and December 28, 2002
(52-weeks), respectively.
2006 2005 2004 2003 2002
(Dollars in 000s, except per share data)
Selected Operating Information
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . $ 31,357,477 $ 28,808,312 $ 25,462,071 $ 22,613,017 $ 22,459,265
Gross profit(1) . . . . . . . . . . . . . . . . . . . . . 1,685,285 1,574,978 1,402,042 1,223,488 1,231,638
Income from operations(1) . . . . . . . . . . . . 422,444 362,186 283,367 156,193 50,208
Income before income taxes and cumulative
effect of adoption of a new accounting
standard(2). . . . . . . . . . . . . . . . . . . . . . 367,333 301,937 263,276 115,794 8,998
Income before cumulative effect of
adoption of a new accounting
standard(3). . . . . . . . . . . . . . . . . . . . . . 265,766 216,906 219,901 149,201 5,669
Net income (loss)(4) . . . . . . . . . . . . . . . . . 265,766 216,906 219,901 149,201 (275,192)
Basic earnings per share — income before
cumulative effect of adoption of a new
accounting standard . . . . . . . . . . . . . . . 1.61 1.35 1.41 0.99 0.04
Diluted earnings per share — income before
cumulative effect of adoption of a new
accounting standard . . . . . . . . . . . . . . . 1.56 1.32 1.38 0.98 0.04
Basic earnings per share — net income
(loss). . . . . . . . . . . . . . . . . . . . . . . . . . 1.61 1.35 1.41 0.99 (1.83)
Diluted earnings per share — net income
(loss). . . . . . . . . . . . . . . . . . . . . . . . . . 1.56 1.32 1.38 0.98 (1.81)
Weighted average common shares
outstanding:
Basic. . . . . . . . . . . . . . . . . . . . . . . . . . 165,414,176 160,262,465 155,451,251 151,220,639 150,211,973
Diluted . . . . . . . . . . . . . . . . . . . . . . . . 170,875,794 164,331,166 159,680,040 152,308,394 152,145,669
Selected Balance Sheet Information
Cash and cash equivalents . . . . . . . . . . . . . $ 333,339 $ 324,481 $ 398,423 $ 279,587 $ 387,513
Total assets . . . . . . . . . . . . . . . . . . . . . . . 7,704,307 7,034,990 6,926,737 5,474,162 5,144,354
Total debt(5) . . . . . . . . . . . . . . . . . . . . . . 509,507 604,867 514,832 368,255 365,946
Stockholders’ equity . . . . . . . . . . . . . . . . . 2,920,475 2,438,598 2,240,810 1,872,949 1,635,989
(1) Includes credit adjustment to reorganization costs of $1,727 and $2,816 in 2006 and 2004, respectively, for
previous actions and reorganization costs of $16,276, $21,570 and $71,135 in 2005, 2003 and 2002, respec-
tively, as well as other major-program costs of $22,935, $23,363 and $43,944 in 2005, 2003 and 2002,
respectively, charged to selling, general and administrative expenses, or SG&A expenses, and $443 and $1,552
in 2003 and 2002, respectively, charged to costs of sales, which were incurred in the implementation of our
broad-based reorganization plan, our comprehensive profit enhancement program and additional profit
enhancement opportunities (see Note 3 to our consolidated financial statements). Fiscal 2006 includes
$28,875 of stock-based compensation expense resulting from the adoption of Statement of Financial
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