Toro 2013 Annual Report Download - page 6

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Net sales
Dollars in millions
1,523.4
1,690.4
1,884.01,958.7
2,041.4
F’09 F’10F’11F’12F’13
Net earnings
Dollars in millions
62.8
93.2
117.7
129.5
154.8
F’09 F’10F’11F’12F’13
After-tax return on net sales
Percent
4.1
5.5
6.2
6.6
7.6
F’09 F’10F’11F’12F’13
Professional 70%
Residential 29%
Other 1%
Landscape Contractor &
Grounds 38%
Golf 26%
Micro Irrigation 6%
Lawn & Garden 26%
Snow 3%
Europe 12%
Australia 8%
Canada/Latin America 6%
Asia 4%
Financial highlights
(Dollars in millions, except per share data)
Fiscal years ended October 31
For the fiscal year 2013 2012 % Change
Net sales $2,041.4 $1,958.7 4.2%
Net earnings $ 154.8 $ 129.5 19.5%
Net earnings as a percentage of net sales 7.6% 6.6%
Diluted net earnings per share of common stock $ 2.62 $ 2.14 22.4%
Cash dividends paid per share of common stock outstanding $ 0.56 $ 0.44 27.3%
Return on average stockholders’ equity 46.1% 44.7%
Net working capital* $ 338.6 $ 296.9 14.0%
At fiscal year end
Total assets $1,002.7 $ 935.2 7.2%
Total debt $ 223.5 $ 225.3 (0.8)%
Stockholders’ equity $ 358.7 $ 312.4 14.8%
Debt-to-capitalization ratio 38.4% 41.9%
*Defined as average receivables plus inventory, less trade payables.