North Face 1999 Annual Report Download - page 2

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In thousands, except per share amounts 1999 1998 1997
Summary of Operations
Net sales $5,551,616 $5,478,807 $5,222,246
Operating income 652,632 684,169 605,073
Net income 366,242 388,306 350,942
Return on average common equity 17.3% 19.7% 18.2%
Financial Position
Working capital $ 763,943 $ 815,146 $ 835,558
Current ratio 1.7 to 1 1.8 to 1 2.1 to 1
Common shareholders’ equity $2,163,818 $2,066,308 $1,866,769
Per Common Share
Earnings – basic $ 3.04 $ 3.17 $ 2.76
Dividends .85 .81 .77
Book value 18.62 17.30 15.40
1999 FINANCIAL HIGHLIGHTS
Contents
Letter to Shareholders 8
Financial Review 15
Corporate Directory 34
Operating Committee 35
Investor Information 36