True Value 2013 Annual Report Download - page 11

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TRUE VALUE 2013 ANNUAL REPORT 9
True Value is committed to your growth and success in retail. Our commitment
is reflected in strong financial returns and consistent benefits to our retailers,
including the annual patronage dividend.
2013 TOTAL RETAILER BENEFITS ($ IN THOUSANDS)
PATRONAGE DIVIDEND/CASH $ 19,442
PATRONAGE DIVIDEND/NOTES, STOCK $ 34,835
PROMOTIONAL DISCOUNTS $ 31,534
DATING & ANTICIPATION $ 12,468
REUNION SPIFFS/RACKING $ 9,925
MARKETING REIMBURSEMENTS $ 10,977
DTV CREDITS & LOANS $ 32,392
PROMOTIONAL FREIGHT $ 3,289
INTEREST ON NOTES $ 5,865
TOTAL CREDITS & DISCOUNTS $ 160,726
% OF PURCHASES 9.2%
GROSS BILLINGS
$ IN MILLIONS
2011 2012 2013
$1,864 $1,884 $1,900
REVENUE
$ IN MILLIONS
2011 2012 2013
$1,393 $1,398 $1,412
NET MARGIN
$ IN MILLIONS
2011 2013
$60.3
$74. 9
$55.3
TOTAL DEBT
$ IN MILLIONS
2011 2012 2013
$143.2
$185.1 $184.2
RETAILER’S EQUITY
$ IN MILLIONS
2011 2012 2013
$146.7 $155.7 $168.6
MORE THAN A DIVIDEND CHECK
$16.5
million
gain*
$58.4
2012
*One-time non-recurring gain