North Face 2001 Annual Report Download - page 66

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inventories, and property, plant and equipment. Corporate assets include investments and deferred income
taxes. Financial information for the Company's reportable segments is as follows:
In thousands 2001 2000 1999
Net sales:
Consumer Apparel $4,024,335 $4,227,997 $4,276,809
Occupational Apparel 538,339 661,635 640,227
Outdoor Apparel and Equipment 492,340 368,101 162,552
All Other 463,811 490,146 472,028
Consolidated net sales $5,518,825 $5,747,879 $5,551,616
Segment profit:
Consumer Apparel $ 547,061 $ 676,147 $ 629,127
Occupational Apparel 36,306 37,696 79,164
Outdoor Apparel and Equipment 61,130 24,137 17,690
All Other 40,601 36,726 40,025
Total segment profit 685,098 774,706 766,006
Interest, net (86,516) (81,032) (62,490)
Amortization of intangible assets (36,030) (36,400) (33,097)
Restructuring charges (225,875) (119,908) –
Corporate and other expenses (73,876) (105,833) (74,843)
Consolidated income before
income taxes $ 262,801 $ 431,533 $ 595,576
Segment assets:
Consumer Apparel $1,539,541 $1,780,493 $1,783,225
Occupational Apparel 265,634 348,134 379,004
Outdoor Apparel and Equipment 134,311 172,306 40,515
All Other 197,423 284,889 292,335
Total segment assets 2,136,909 2,585,822 2,495,079
Cash and equivalents 332,049 118,891 79,861
Intangible assets 1,015,783 1,101,876 992,463
Corporate assets 618,275 551,567 459,111
Consolidated assets $4,103,016 $4,358,156 $4,026,514
Capital expenditures:
Consumer Apparel $ 60,148 $ 68,115 $ 97,196
Occupational Apparel 1,902 11,072 20,845
Outdoor Apparel and Equipment 3,278 3,474 826
All Other 6,579 11,446 7,532
Corporate 9,696 31,117 23,677
Consolidated capital expenditures $ 81,603 $ 125,224 $ 150,076
Depreciation expense:
Consumer Apparel $ 80,868 $ 83,260 $ 89,313
Occupational Apparel 14,158 15,515 14,958
Outdoor Apparel and Equipment 7,183 4,544 1,160
All Other 17,448 19,751 22,395
Corporate 13,285 13,952 6,509
Consolidated depreciation expense $ 132,942 $ 137,022 $ 134,335
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