Nordstrom 2001 Annual Report Download - page 40

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Full Color + metalic 8002 PAGE 38 pms
8002
Cyan Mag Yelo Blk
20200324 NORDSTROM
2001 Annual Report • VERSION
8.375 x 10.875 • SCITEX • 175 lpi • Kodak 80# Cougar
Eleven-Year Statistical Summary
38 NORDSTROM INC. AND SUBSIDIARIES
Dollars in thousands except square footage and per share amounts
Year ended January 31, 2002 2001 2000 1999
Financial Position
Customer accounts receivable, net $677,150 $699,687 $596,020 $567,661
Merchandise inventories 888,172 945,687 797,845 750,269
Current assets 2,054,598 1,812,982 1,564,648 1,668,689
Current liabilities 947,738 950,568 866,509 794,490
Working capital 1,106,860 862,414 698,139 874,199
Working capital ratio 2.17 1.91 1.81 2.10
Land, buildings and equipment, net 1,761,082 1,599,938 1,429,492 1,378,006
Long-term debt, including current portion 1,429,271 1,112,296 804,982 868,234
Debt/capital ratio .5209 .4929 .4249 .4214
Shareholders’ equity 1,314,488 1,229,568 1,185,614 1,300,545
Shares outstanding 134,468,608 133,797,757 132,279,988 142,114,167
Book value per share 9.78 9.19 8.96 9.15
Total assets 4,048,779 3,608,503 3,062,081 3,103,689
Operations
Net sales 5,634,130 5,528,537 5,149,266 5,049,182
Gross profit 1,868,271 1,879,021 1,789,506 1,704,237
Selling, general and administrative (1,722,635) (1,747,048) (1,523,836) (1,429,837)
Operating income 145,636 131,973 265,670 274,400
Interest expense, net (75,038) (62,698) (50,396) (47,091)
Write-down of investment — (32,857) — —
Service charge income and other, net 133,890 130,600 116,783 110,414
Earnings before income taxes 204,488 167,018 332,057 337,723
Income taxes (79,800) (65,100) (129,500) (131,000)
Net earnings 124,688 101,918 202,557 206,723
Basic earnings per share .93 .78 1.47 1.41
Diluted earnings per share .93 .78 1.46 1.41
Dividends per share .36 .35 .32 .30
Comparable store sales percentage increase (decrease) (2.9%) .3% (1.1%) (2.7%)
Net earnings as a percent of net sales 2.21% 1.84% 3.93% 4.09%
Return on average shareholders’ equity 9.80% 8.44% 16.29% 14.98%
Sales per square foot for Company-operated stores 321 342 350 362
Stores 156 140 104 97
Total square footage 17,048,000 16,056,000 14,487,000 13,593,000