Albertsons 2003 Annual Report Download - page 37

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SUPERVALU INC. and Subsidiaries
FIVE YEAR FINANCIAL AND OPERATING SUMMARY
2003 (c) 2002 (d) 2001 (e) 2000 (f) 1999
Statement of Earnings
Data (a) (b) (g)
Net sales $19,160,368 $20,293,040 $22,520,384 $19,675,782 $16,687,253
Cost of sales 16,567,397 17,704,197 19,976,436 17,450,060 14,886,873
Selling and administrative
expenses 2,020,110 2,037,771 2,042,259 1,705,003 1,382,212
Gain on sale of Hazelwood
Farms Bakeries — — — (163,662) —
Restructure and other charges 2,918 46,300 171,264 103,596 —
Operating earnings 569,943 504,772 330,425 580,785 418,168
Interest, net 161,939 172,774 190,835 135,392 101,907
Earnings before taxes 408,004 331,998 139,590 445,393 316,261
Provision for income taxes 150,962 133,672 66,720 203,703 124,923
Net earnings 257,042 198,326 72,870 241,690 191,338
Net earnings per common
share—diluted 1.91 1.48 0.55 1.86 1.57
Balance Sheet Data (a)
Inventories (FIFO) (h) $ 1,194,791 $ 1,178,817 $ 1,477,180 $ 1,622,151 $ 1,195,217
Working capital (h) 267,567 36,031 (125,408) (197,599) 188,000
Net property, plant and
equipment 2,220,850 2,208,633 2,232,794 2,168,210 1,699,024
Total assets 5,896,245 5,796,249 6,343,152 6,493,292 4,265,949
Long-term debt (i) 2,019,658 1,875,873 2,008,474 1,953,741 1,246,269
Stockholders’ equity 2,009,240 1,899,138 1,783,149 1,820,228 1,305,639
Other Statistics (a) (g)
Net earnings as a percent of net
sales (b) 1.34% 0.98% 0.32% 1.23% 1.15%
Return on average
stockholders’ equity 12.97% 10.70% 3.96% 14.80% 15.24%
Book value per common share $ 15.03 $ 14.29 $ 13.47 $ 13.52 $ 10.82
Current ratio (h) 1.18:1 1.02:1 0.95:1 0.92:1 1.12:1
Debt to capital ratio (j) 51.8% 54.3% 59.7% 60.0% 54.6%
Dividends declared per
common share $ 0.56¾ $ 0.55¾ $ 0.54¾ $ 0.53¾ $ 0.52¾
Weighted average common
shares outstanding—diluted 134,877 133,978 132,829 130,090 121,961
Depreciation and amortization $ 297,056 $ 340,750 $ 343,779 $ 277,062 $ 233,523
Capital expenditures $ 439,438 $ 388,658 $ 511,673 $ 539,264 $ 346,390
Net cash provided by operating
activities $ 573,576 $ 692,542 $ 611,804 $ 345,230 $ 552,320
Net cash (used in) investing
activities $ (320,689) $ (224,707) $ (357,179) $ (516,796) $ (297,785)
Net cash (used in) provided by
financing activities $ (235,870) $ (466,060) $ (255,149) $ 174,878 $ (253,027)
F-2