Ace Hardware 2005 Annual Report Download - page 40

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15
5-YEAR SUMMARY OF EARNINGS AND DIVIDENDS
(NOT COVERED BY INDEPENDENT AUDITORS’ REPORT)
2005 ANNUAL REPORT A REVIEW OF ACE’S STRONG RESULTS
December 31, January 1, January 3, December 28, December 29,
2005 2005 2004 2002 2001
For the Periods Ended (52 Weeks) (52 Weeks) (53 Weeks) (52 Weeks) (52 Weeks)
(In thousands)
Net Sales .................................. $ 3,465,962 $ 3,288,676 $ 3,159,321 $ 3,029,097 $ 2,923,882
Cost of Sales ............................ 3,140,731 2,980,627 2,850,421 2,742,201 2,641,840
Gross Profit ........................ 325,231 308,049 308,900 286,896 282,042
Total expenses and other
income, net .............................. 224,812 206,502 208,813 193,937 197,882
Income from continuing
operations ................................ 100,419 101,547 100,087 92,959 84,160
Gain (loss) from discontinued
operation .................................. —)400 660 (10,868) (11,091)
Net Earnings ............................ $ 100,419 $ 101,947 $ 100,747 $ 82,091 $ 73,069
Distribution of net earnings:
Patronage dividends ............ $ 103,622 $ 100,348 $ 102,008 $ 95,580 $ 85,109
Retained earnings (deficit) .. (3,203) 1,599 (1,261) (13,489) (12,040)
Net Earnings ............................ $ 100,419 $ 101,947 $ 100,747 $ 82,091 $ 73,069