Pep Boys 2014 Annual Report Download - page 24

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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.
Jan. 31, 2015 Feb. 1, 2014 Feb. 2, 2013 Jan. 28, 2012 Jan. 29, 2011
Fiscal Year Ended (52 weeks) (52 weeks) (53 weeks) (52 weeks) (52 weeks)
(dollar amounts are in thousands, except per share data)
STATEMENT OF OPERATIONS DATA
Merchandise sales .................... $1,593,883 $ 1,608,697 $ 1,643,948 $ 1,642,757 $ 1,598,168
Service revenue ..................... 490,720 457,871 446,782 420,870 390,473
Total revenues ...................... 2,084,603 2,066,568 2,090,730 2,063,627 1,988,641
Costs of merchandise sales .............. 1,124,755 1,108,359 1,159,994 1,154,322 1,110,380
Cost of service revenue ................. 484,404 470,832 439,236 399,776 355,909
Gross profit from merchandise sales(10) ....... 469,128(1) 500,338(3) 483,954(4) 488,435(7) 487,788(9)
Gross (loss) profit from service revenue(10) .... 6,316(1) (12,961)(3) 7,546(4) 21,094(7) 34,564(9)
Total gross profit ..................... 475,444(1) 487,377(3) 491,500(4) 509,529(7) 522,352(9)
Selling, general and administrative expenses .... 484,182(2) 464,852 463,416 443,986 442,239
Pension settlement expense .............. ——17,753 ——
Goodwill impairment .................. 23,925 —— — —
Net (gain) loss from disposition of assets ..... (13,806) 227 (1,323) (27) (2,467)
Operating (loss) profit ................. (18,857) 22,298 11,654 65,570 82,580
Merger termination fees, net ............. ——42,816(5) ——
Non-operating income ................. 1,188 1,789 2,012 2,324 2,609
Interest expense ..................... (13,873) (14,797) (33,982)(6) (26,306) (26,745)
(Loss) earnings from continuing operations
before income taxes and discontinued
operations ....................... (31,542) 9,290 22,500 41,588 58,444
Income tax (benefit) expense ............. (4,581) 2,237 9,345 12,460(8) 21,273(8)
(Loss) earnings from continuing operations
before discontinued operations .......... (26,961) 7,053 13,155 29,128 37,171
Discontinued operations, net of tax ......... (332) (188) (345) (225) (540)
Net (loss) earnings ................... (27,293) 6,865 12,810 28,903 36,631
BALANCE SHEET DATA
Working capital ..................... $ 155,172 $ 131,029 $ 126,505 $ 166,627 $ 203,367
Current ratio ....................... 1.24 to 1 1.19 to 1 1.18 to 1 1.27 to 1 1.36 to 1
Merchandise inventories ................ $ 656,957 $ 672,354 $ 641,208 $ 614,136 $ 564,402
Property and equipment-net .............. $ 604,380 $ 625,525 $ 657,270 $ 696,339 $ 700,981
Total assets ........................ $1,541,741 $ 1,605,481 $ 1,603,949 $ 1,633,779 $ 1,556,672
Long-term debt, excluding current maturities . . . $ 211,000 $ 199,500 $ 198,000 $ 294,043 $ 295,122
Total stockholders’ equity ............... $ 524,150 $ 548,065 $ 537,572 $ 504,329 $ 478,460
DATA PER COMMON SHARE
Basic (loss) earnings from continuing operations
before discontinued operations .......... $ (0.50) $ 0.13 $ 0.25 $ 0.55 $ 0.71
Basic (loss) earnings .................. (0.51) 0.13 0.24 0.54 0.70
Diluted (loss) earnings from continuing
operations before discontinued operations . . . (0.50) 0.13 0.24 0.54 0.70
Diluted (loss) earnings ................. (0.51) 0.13 0.24 0.54 0.69
Cash dividends declared ................ ———0.12 0.12
Book value ........................ 9.78 10.30 10.12 9.56 9.10
Common share price range:
High ........................... 13.27 13.86 15.46 14.70 15.96
Low ........................... 8.43 10.29 8.67 8.18 7.86
OTHER STATISTICS
Return on average stockholders’ equity(11) ..... (5.0)% 1.3% 2.4% 5.8% 7.9%
Common shares issued and outstanding ...... 53,568,836 53,198,169 53,125,743 52,753,719 52,585,131
Capital expenditures .................. $ 67,269 $ 53,982 $ 54,696 $ 74,746 $ 70,252
Number of stores .................... 806 799 758 738 621
Number of service bays ................. 7,524 7,520 7,303 7,182 6,259
(1) Includes an aggregate pretax charge of $7.5 million for asset impairment, of which $2.5 million was charged to merchandise
cost of sales, $5.0 million was charged to service cost of sales.
(2) Includes $4.0 million in litigation expense.
(3) Includes an aggregate pretax charge of $7.7 million for asset impairment, of which $2.4 million was charged to merchandise
cost of sales, $5.3 million was charged to service cost of sales.
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