AutoZone 2003 Annual Report Download - page 3

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2003 FINANCIAL HIGHLIGHTS
Selected Financial Data Fiscal Year Ended August
(Dollars in millions, except per share data) 1999 2000 2001* 2001 2002 2003
Consolidated Statement of Operations Data
Net Sales $4,116 $4,483 $4,818 $4,818 $5,326 $5,457
Operating Profit 433 512 545 388 771 918
Diluted Earnings per Share 1.63 2.00 2.38 1.54 4.00 5.34
After-Tax Return on Invested Capital 12.4% 12.9% 13.4% 10.1% 19.8% 23.4%
Same Store Sales Growth +5% +5% +4% +4% +9% +3%
SG&A to Sales Ratio 31.5% 30.5% 31.1% 33.7% 30.1% 29.3%
Operating Margin 10.5% 11.4% 11.3% 8.0% 14.5% 16.8%
Cash Flow from Operations $ 312 $ 513 $ 459 $ 459 $ 739 $ 698
*Fiscal Year 2001 excludes restructuring and impairment charges. Please see management’s discussion on reconciliations of non-GAAP financial measures.
Relentlessly creating the most
exciting Zone for vehicle solutions!
Stock Prices at Fiscal Year End
’99
20
0
’00 ’01 ’02 ’03
40
60
80
$100
Sales (Dollars in Billions)
Fiscal: ’99
0
’00 ’01 ’02 ’03
$6
5
4
3
2
1
Operating Profit (Dollars in Millions)
Fiscal: ’99
0
’00 ’01 ’02 ’03
$1,000
800
600
400
200
Before restructuring and impairment charges
(See management discussion on reconciliations)
Diluted Earnings Per Share
Fiscal: ’99
0
’00 ’01 ’02 ’03
$6.00
5.00
4.00
3.00
2.00
1.00
Before restructuring and impairment charges
(See management discussion on reconciliations)
Before restructuring and impairment charges
(See management discussion on reconciliations)
After-Tax Return on
Invested Capital
Fiscal: ’99
0
’00 ’01 ’02 ’03
25%
20
15
10
5