Pep Boys 2012 Annual Report Download - page 56

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ITEM 6 SELECTED FINANCIAL DATA
The following tables set forth the selected financial data for the Company and should be read in
conjunction with the Consolidated Financial Statements and Notes thereto included elsewhere herein.
Feb. 2, 2013 Jan. 28, 2012 Jan. 29, 2011 Jan. 30, 2010 Jan. 31, 2009
Fiscal Year Ended (53 weeks) (52 weeks) (52 weeks) (52 weeks) (52 weeks)
(dollar amounts are in thousands, except per share data)
STATEMENT OF OPERATIONS DATA
Merchandise sales ................. $1,643,948 $ 1,642,757 $ 1,598,168 $ 1,533,619 $ 1,569,664
Service revenue ................... 446,782 420,870 390,473 377,319 358,124
Total revenues .................... 2,090,730 2,063,627 1,988,641 1,910,938 1,927,788
Costs of merchandise sales ............ 1,159,994 1,154,322 1,110,380 1,084,804 1,129,162
Cost of service revenue .............. 439,236 399,776 355,909 340,027 333,194
Gross profit from merchandise sales(10) .... 483,954(2) 488,435(4) 487,788(6) 448,815(7) 440,502(8)
Gross profit from service revenue(10) ...... 7,546(2) 21,094(4) 34,564(6) 37,292(7) 24,930(8)
Total gross profit .................. 491,500(2) 509,529(4) 522,352(6) 486,107(7) 465,432(8)
Selling, general and administrative expenses . 463,416 443,986 442,239 430,261 485,044
Pension settlement expense ........... 17,753 — — — —
Net gain from disposition of assets ....... 1,323 27 2,467 1,213 9,716
Operating profit (loss) ............... 11,654 65,570 82,580 57,059 (9,896)
Merger termination fees, net ........... 42,816(1) ——— —
Non-operating income ............... 2,012 2,324 2,609 2,261 1,967
Interest expense ................... 33,982(3) 26,306 26,745 21,704(9) 27,048(9)
Earnings (loss) from continuing operations
before income taxes and discontinued
operations ..................... 22,500 41,588 58,444 37,616 (34,977)
Income tax expense (benefit) .......... 9,345 12,460(5) 21,273(5) 13,503 (6,139)
Earnings (loss) from continuing operations
before discontinued operations ........ 13,155 29,128 37,171 24,113 (28,838)
Discontinued operations, net of tax ...... (345) (225) (540) (1,077)(7) (1,591)(8)
Net earnings (loss) ................. 12,810 28,903 36,631 23,036 (30,429)
BALANCE SHEET DATA
Working capital ................... $ 126,505 $ 166,627 $ 203,367 $ 205,525 $ 179,233
Current ratio .................... 1.18 to 1 1.27 to 1 1.36 to 1 1.40 to 1 1.33 to 1
Merchandise inventories ............. $ 641,208 $ 614,136 $ 564,402 $ 559,118 $ 564,931
Property and equipment-net ........... $ 657,270 $ 696,339 $ 700,981 $ 706,450 $ 740,331
Total assets ...................... $1,603,949 $ 1,633,779 $ 1,556,672 $ 1,499,086 $ 1,552,389
Long-term debt, excluding current maturities $ 198,000 $ 294,043 $ 295,122 $ 306,201 $ 352,382
Total stockholders’ equity ............. $ 537,572 $ 504,329 $ 478,460 $ 443,295 $ 423,156
DATA PER COMMON SHARE
Basic earnings (loss) from continuing
operations before discontinued operations . $ 0.25 $ 0.55 $ 0.71 $ 0.46 $ (0.55)
Basic earnings (loss) ................ 0.24 0.54 0.70 0.44 (0.58)
Diluted earnings (loss) from continuing
operations before discontinued operations . 0.24 0.54 0.70 0.46 (0.55)
Diluted earnings (loss) .............. 0.24 0.54 0.69 0.44 (0.58)
Cash dividends declared ............. — 0.12 0.12 0.12 0.27
Book value ...................... 10.12 9.56 9.10 8.46 8.10
Common share price range:
High ........................ 15.46 14.70 15.96 10.83 12.56
Low......................... 8.67 8.18 7.86 2.76 2.62
OTHER STATISTICS
Return on average stockholders’ equity(11) . . 2.4% 5.8% 7.9% 5.3% (6.8)%
Common shares issued and outstanding .... 53,125,743 52,753,719 52,585,131 52,392,967 52,237,750
Capital expenditures ................ $ 54,696 $ 74,746 $ 70,252 $ 43,214 $ 151,883(12)
Number of stores .................. 758 738 621 587 562
Number of service bays .............. 7,303 7,182 6,259 6,027 5,845
(1) In fiscal 2012, we recorded settlement proceeds, net of merger related costs of $42.8 million, resulting from the termination
of the ‘‘go private’’ transaction.
(2) Includes an aggregate pretax charge of $10.6 million for asset impairment, of which $5.1 million was charged to
merchandise cost of sales, $5.5 million was charged to service cost of sales.
(3) Includes $11.2 million of fees associated with debt refinancing.
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