JCPenney 2004 Annual Report Download - page 3

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J.C. PENNEY COMPANY, INC.2 004 ANNUAL REPORT
1
CONTENTS
2Financial Highlights
3Letter to Stockholders
5Long-Range Plan and Financing Strategy
6Management’s Discussion and Analysis
23 Management’s Report on Internal Control over
Financial Reporting
24 Reports of Independent Registered Public Accounting Firm
25 Consolidated Statements of Operations
26 Consolidated Balance Sheets
27 Consolidated Statements of Stockholders’ Equity
28 Consolidated Statements of Cash Flows
29 Notes to the Consolidated Financial Statements
48 Quarterly Data
49 Five-Year Financial and Operations Summary
50 Corporate Governance
50 Corporate Citizenship
51 Board of Directors
51 Executive Board and Other Senior Officers
52 Board Committees
52 Other Corporate Information
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, portrait photography and custom decorating.
The Company operates 1,017 JCPenney Department Stores, located throughout the United States and Puerto Rico. In addition,
the Company operates 62 Renner Department Stores in Brazil.
For additional information about
Company directors, board committees,
executive compensation, audit fees
and corporate governance matters,
see the 2005 J. C. Penney Company,
Inc. Notice of Annual Meeting and
Proxy Statement under separate cover,
which was mailed to stockholders on
or about April 11, 2005 along with
proxy requests and this Annual
Report. The Company’s Annual
Meeting of Stockholders will be held
at 10 a.m. CDT, Friday, May 20, 2005,
at the JCPenney Home Office located
at 6501 Legacy Drive,
Plano, Texas, 75024. You are
cordially invited to attend.