Nordstrom 2002 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2002 Nordstrom annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52

notes to consolidated
financial statements
40 NORDSTROM INC. AND SUBSIDIARIES
The following tables set forth the information for our reportable segments and a reconciliation to the consolidated totals:
Retail Credit Catalog/ Corporate
Year ended January 31, 2003 Stores Operations Internet and Other Eliminations Total
Revenues from external
customers (b) $5,704,795 — $270,281 — — $5,975,076
Service charge income — $133,587 — — — 133,587
Intersegment revenues 29,737 32,783 — — $(62,520) —
Interest expense, net 191 23,582 972 $57,176 — 81,921
Depreciation and amortization 201,861 3,212 4,977 23,881 — 233,931
Earnings before taxes and cumulative
effect of accounting change 442,115 21,194 (13,565) (254,120) — 195,624
Net earnings (loss) 256,339 12,929 (8,275) (170,769) — 90,224
Assets (a)(b) 2,677,790 750,510 97,853 570,223 — 4,096,376
Capital expenditures 230,864 2,058 4,507 90,737 — 328,166
Retail Credit Catalog/ Corporate
Year ended January 31, 2002 Stores Operations Internet and Other Eliminations Total
Revenues from external
customers (b) $5,356,875 — $277,255 — — $5,634,130
Service charge income — $131,267 — — — 131,267
Intersegment revenues 20,192 25,514 — — $(45,706) —
Interest expense, net 994 25,013 77 $48,954 — 75,038
Depreciation and amortization 182,960 2,253 5,498 22,378 — 213,089
Amortization of intangible assets 4,630 — — — — 4,630
Earnings before taxes 402,299 10,652 (8,139) (200,324) — 204,488
Net earnings (loss) 245,305 6,495 (4,963) (122,149) — 124,688
Assets (a)(b) 2,570,375 699,454 69,457 711,893 — 4,051,179
Capital expenditures 379,819 2,054 2,554 11,621 — 396,048
Retail Credit Catalog/ Corporate
Year ended January 31, 2001 Stores Operations Internet and Other Eliminations Total
Revenues from external
customers (b) $5,217,889 — $310,648 — — $5,528,537
Service charge income — $135,337 — — — 135,337
Intersegment revenues 30,294 12,440 — — $(42,734) —
Interest expense, net 795 29,267 (604) $33,240 — 62,698
Depreciation and amortization 176,758 1,786 7,552 16,952 — 203,048
Amortization of intangible assets 1,251 — — — — 1,251
Earnings before taxes 440,212 18,851 (29,367) (262,678) — 167,018
Net earnings (loss) 268,627 11,503 (17,920) (160,292) — 101,918
Assets (a)(b) 2,557,616 703,077 68,010 279,800 — 3,608,503
Intangible assets 143,473 — — — — 143,473
Capital expenditures 295,834 3,095 5,187 26,231 — 330,347
(a) Segment assets in Corporate and Other include unallocated assets in corporate headquarters, consisting primarily of land, buildings and equipment, and deferred
tax assets.
(b) Includes sales of foreign operations of $75,645 and $68,487 for the years ended January 31, 2003 and 2002, and $12,318 for the period from October 24, 2000,
the date of acquisition, to January 31, 2001, and assets of $219,861, $198,689 and $206,601 as of January 31, 2003, 2002 and 2001.