Radio Shack 2013 Annual Report Download - page 19

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17
ITEM 6. SELECTED FINANCIAL DATA (UNAUDITED).
RADIOSHACK CORPORATION AND SUBSIDIARIES
(Dollars and shares in millions, except per share Year Ended December 31,
amounts, ratios, locations and square footage) 2013
2012
2011
2010
2009
Statements of Income Data
Net sales and operating revenues
$
3,434.3 $ 3,831.3
$ 4,032.1
$
4,201.1 $ 4,065.8
Operating (loss) income
$
(344.0) $
(25.0)
$ 174.0
$
354.6 $ 355.1
(Loss) income from continuing operations
(1)
$
(392.0) $
(110.8)
$ 78.7
$
193.4 $ 196.2
Net (loss) income
(1)
$
(400.2) $
(139.4)
$ 72.2
$
206.1 $ 205.0
Diluted (loss) income per share
from continuing operations
$
(3.89) $
(1.11)
$ 0.76
$
1.58 $ 1.56
Diluted net (loss) income per share
$
(3.97) $
(1.39)
$ 0.70
$
1.68 $ 1.63
Shares used in computing
net (loss) income per share:
Diluted 100.7 100.1
103.3
122.7 126.1
Gross profit as a percent of sales 34.1 % 38.4
%
42.7
%
45.0 % 46.0
%
SG&A expense as a percent of sales 41.0 % 37.1
%
36.6
%
34.7 % 35.2
%
Operating (loss) income as a percent of sales (10.1)%
(0.7)
%
4.3
%
8.4 % 8.7
%
Balance Sheet Data
Inventories
$
802.3 $ 908.3
$ 744.4
$
723.7 $ 670.6
Total assets
$
1,591.2 $ 2,299.1
$ 2,175.1
$
2,175.4 $ 2,429.3
Working capital
$
748.4 $ 1,003.7
$ 1,176.7
$
898.6 $ 1,389.7
Capital structure:
Current debt
$
1.1 $ 278.7
$
--
$
308.0 $
--
Long-term debt
$
613.0 $ 499.0
$ 670.6
$
331.8 $ 627.8
Total debt
$
614.1 $ 777.7
$ 670.6
$
639.8 $ 627.8
Total debt less cash and cash equivalents
$
434.3 $ 242.0
$ 78.9
$
70.4 $
(280.4)
Stockholders' equity
$
206.4 $ 598.7
$ 753.3
$
842.5 $ 1,048.3
Total capitalization
(2)
$
820.5 $ 1,376.4
$ 1,423.9
$
1,482.3 $ 1,676.1
Long
-
term debt as a % of total capitalization
(2)
74.7 % 36.3
%
47.1
%
22.4 % 37.5
%
Total debt as a % of total capitalization
(2)
74.8 % 56.5
%
47.1
%
43.2 % 37.5
%
Book value per share at year end
$
2.06 $ 6.01
$ 7.59
$
7.97 $ 8.37
Financial Ratios
Return on average stockholders' equity (88.3)%
(20.2)
%
8.8
%
20.3 % 21.5
%
Return on average assets (21.3)%
(6.4)
%
3.5
%
8.9 % 8.9
%
Annual inventory turnover
(3)
2.8 3.3
3.5
3.5 3.6
Other Data
Dividends declared per share
(4)
$
-- $ 0.25
$ 0.50
$
0.25 $ 0.25
Capital expenditures
$
42.3 $ 67.8
$ 82.1
$
80.1 $ 81.0
Number of retail locations at year end:
U.S. RadioShack company-operated stores 4,297 4,395
4,476
4,486 4,476
Mexico RadioShack company-operated stores 274 269
227
211 204
Dealer and other outlets 948 1,014
1,110
1,219 1,321
Discontinued kiosks -- 1,522
1,496
1,267 562
Total 5,519 7,200
7,309
7,183 6,563
Average square footage per U.S. RadioShack
company-operated store 2,426 2,464
2,473
2,482 2,504
Comparable store sales (decrease) increase
(5)
(8.8)%
(4.5)
%
(3.2)
%
4.1 % 0.8
%
Common shares outstanding 100.3 99.6
99.3
105.7 125.2
This table should be read in conjunction with our MD&A and the Consolidated Financial Statements and related Notes
included in this Annual Report on Form 10-K.