Sears 2013 Annual Report Download - page 21

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21
Item 6. Selected Financial Data
The table below summarizes our recent financial information. The data set forth below should be read in
conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" in
Item 7 and our Consolidated Financial Statements and notes thereto in Item 8.
Fiscal
dollars in millions, except per share and store data 2013 2012 2011 2010 2009
Summary of Operations
Revenues (1) . . . . . . . . . . . . . . . . . . . . . . . . . $ 36,188 $ 39,854 $ 41,567 $ 42,664 $ 43,360
Domestic comparable store sales % . . . . . . (3.8)% (2.5)% (2.2)% (1.3)% (4.7)%
Net income (loss) from continuing
operations attributable to Holdings'
shareholders (2) . . . . . . . . . . . . . . . . . . . . (1,365) (930) (3,113) 122 218
Per Common Share
Basic:
Net income (loss) from continuing
operations attributable to Holdings'
shareholders . . . . . . . . . . . . . . . . . . . . . . $ (12.87) $ (8.78) $ (29.15) $ 1.09 $ 1.85
Diluted:
Net income (loss) from continuing
operations attributable to Holdings'
shareholders . . . . . . . . . . . . . . . . . . . . . . $ (12.87) $ (8.78) $ (29.15) $ 1.09 $ 1.85
Holdings' book value per common share. . . $ 16.34 $ 25.89 $ 40.26 $ 78.19 $ 79.21
Financial Data
Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . $ 18,261 $ 19,340 $ 21,381 $ 24,360 $ 24,901
Long-term debt . . . . . . . . . . . . . . . . . . . . . . 2,559 1,579 1,693 1,872 949
Long-term capital lease obligations. . . . . . . 275 364 395 472 510
Capital expenditures . . . . . . . . . . . . . . . . . . 329 378 432 426 350
Adjusted EBITDA. . . . . . . . . . . . . . . . . . . . (337) 536 196 1,291 1,635
Number of stores . . . . . . . . . . . . . . . . . . . . . 2,429 2,548 4,010 3,949 3,862
__________________
(1) We follow a retail-based financial reporting calendar. Accordingly, the fiscal year ended February 2, 2013
contained 53 weeks, while all other years presented contained 52 weeks.
(2) The periods presented were impacted by certain significant items, which affected the comparability of
amounts reflected in the above selected financial data. For 2013, 2012 and 2011, these significant items are
discussed within Item 7, “Management's Discussion and Analysis of Financial Condition and Results of
Operations.” 2010 results include the impact of domestic pension expense of $96 million, a $30 million charge
related to store closings and severance, a gain on the sale of real estate of $28 million, mark-to-market losses
of $4 million on Sears Canada hedge transactions, a tax impact of $9 million related to a dividend received
from Sears Canada and a tax benefit of $13 million related to the resolution of certain income tax matters.
2009 results include the impact of domestic pension expense of $170 million, a $131 million charge related to
store closings and severance, a gain on the sale of Sears Canada Headquarters of $44 million, a gain of $32
million recorded in connection with the settlement of Visa/MasterCard antitrust litigation, mark-to-market
losses of $33 million on Sears Canada hedge transactions and a tax benefit of $41 million related to the
resolution of certain income tax matters.