JCPenney 2003 Annual Report Download - page 3

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J. C. Penney Company, Inc. 1
CONTENTS
2Financial Highlights
3Letter to Stockholders
5Strategic Plan and Financing Strategy
6Management’s Discussion and Analysis
21 Company Statement on Financial Information and
Independent Auditors’ Report
22 Consolidated Statements of Operations
23 Consolidated Balance Sheets
24 Consolidated Statements of Stockholders’ Equity
25 Consolidated Statements of Cash Flows
26 Notes to the Consolidated Financial Statements
43 Quarterly Data
43 Five-Year Financial Summary
44 Five-Year Operations Summary
45 Supplemental Data
46 Corporate Governance
46 Corporate Citizenship
47 Other Corporate Information
48 Board of Directors and Executive Committee
For additional information about Company directors, board
committees, executive compensation and audit fees, see the
2004 J. C. Penney Company, Inc. Notice of Annual Meeting and
Proxy Statement under separate cover.
OUR BUSINESS
JCPenney is one of the largest retailers in the United States and
offers its customers merchandise via three shopping channels –
Department Stores, Catalog and Internet. Merchandise offerings
consist of family apparel, jewelry, shoes, accessories and home
furnishings. In addition, through its Department Stores, the
Company offers services including full-service salons, optical, por-
trait photography and custom decorating.
The Company operates 1,020 JCPenney Department Stores,
located throughout the United States and Puerto Rico. In
addition, the Company operates 58 Renner Department Stores in
Brazil.