O'Reilly Auto Parts 2004 Annual Report Download - page 26

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24 O’REILLY AUTOMOTIVE
SELECTED CONSOLIDATED FINANCIAL DATA (continued)
(In thousands, except selected operating data)
Years ended December 31, 2004 2003 2002
SELECTED OPERATING DATA:
Number of stores at year-end (a) 1,249 1,109 981
Total store square footage at year-end (in 000’s) (a) (b) 8,318 7,348 6,408
Weighted-average product sales per store (in 000’s) (a) (b) $ 1,443 $ 1,413 $ 1,372
Weighted-average product sales per square foot (b) (d) $ 217 $ 215 $ 211
Percentage increase in same-store product sales (c) 6.8% 7.8% 3.7%
BALANCE SHEET DATA:
Working capital $ 479,662 $ 441,617 $ 483,623
Total assets 1,432,357 1,157,033 1,009,419
Current portion of long-term debt and short-term debt 592 925 682
Long-term debt, less current portion 100,322 120,977 190,470
Shareholders’ equity 947,817 784,285 650,524
(a) Store count for 2002 does not include 27 stores acquired from Dick Smith Enterprises and Davie Automotive, Inc. in December 2002.
(b) Total square footage includes normal selling, office, stockroom and receiving space. Weighted-average product sales per store and per square foot are weighted to consider the
approximate dates of store openings or expansions.
(c) Same-store product sales are calculated based on the change in product sales of stores open at least one year. Prior to 2000, same-store product sales data were calculated based on
the change in product sales of only those stores open during both full periods being compared. Percentage increase in same-store product sales is calculated based on store sales results,
which exclude sales of specialty machinery, sales by outside salesmen and sales to employees.
(d) 1998 does not include stores acquired from Hi/LO. Consolidated weighted-average product sales per square foot were $207.