Banana Republic 2009 Annual Report Download - page 32

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Item 6. Selected Financial Data.
The following selected financial data are derived from the Consolidated Financial Statements of the Company.
We have also included certain non-financial data to enhance your understanding of our business. In fiscal 2007,
we closed our Forth & Towne stores, and accordingly, the results of Forth & Towne have been presented as a
discontinued operation in the table below. The data set forth below should be read in conjunction with
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 7 and the
Company’s Consolidated Financial Statements and related notes herein.
Fiscal Year (number of weeks)
2009 (52) 2008 (52) 2007 (52) 2006 (53) 2005 (52)
Operating Results ($ in millions)
Netsales.......................................... $ 14,197 $ 14,526 $ 15,763 $ 15,923 $ 16,019
Grossmargin...................................... 40.3% 37.5% 36.1% 35.5% 36.7%
Operating margin ................................. 12.8% 10.7% 8.3% 7.7% 11.1%
Income from continuing operations, net of income
taxes........................................... $ 1,102 $ 967 $ 867 $ 809 $ 1,131
Netincome ....................................... $ 1,102 $ 967 $ 833 $ 778 $ 1,113
Cashdividendspaid................................ $ 234 $ 243 $ 252 $ 265 $ 179
Per Share Data (number of shares in millions)
Basic earnings (loss) per share:
Incomefromcontinuingoperations ............. $ 1.59 $ 1.35 $ 1.10 $ 0.97 $ 1.28
Lossfromdiscontinuedoperation ............... $ — $ — $ (0.05) $ (0.03) $ (0.02)
Earnings per share ............................ $ 1.59 $ 1.35 $ 1.05 $ 0.94 $ 1.26
Diluted earnings (loss) per share:
Incomefromcontinuingoperations ............. $ 1.58 $ 1.34 $ 1.09 $ 0.97 $ 1.26
Lossfromdiscontinuedoperation ............... $ — $ — $ (0.04) $ (0.04) $ (0.02)
Earnings per share ............................ $ 1.58 $ 1.34 $ 1.05 $ 0.93 $ 1.24
Weighted-average number of shares—basic ......... 694 716 791 831 881
Weighted-average number of shares—diluted ....... 699 719 794 836 902
Cash dividend declared and paid per share (a) ........ $ 0.34 $ 0.34 $ 0.32 $ 0.32 $ 0.18
Balance Sheet Information ($ in millions)
Merchandise inventory ............................. $ 1,477 $ 1,506 $ 1,575 $ 1,796 $ 1,696
Totalassets ....................................... $ 7,985 $ 7,564 $ 7,838 $ 8,544 $ 8,821
Workingcapital ................................... $ 2,533 $ 1,847 $ 1,653 $ 2,757 $ 3,297
Total long-term debt and senior convertible notes, less
current maturities (b) ............................ $ — $ — $ 50 $ 188 $ 513
Stockholders’equity ............................... $ 4,891 $ 4,387 $ 4,274 $ 5,174 $ 5,425
Other Data ($ and square footage in millions)
Purchases of property and equipment ............... $ 334 $ 431 $ 682 $ 572 $ 600
Acquisition of business, net of cash acquired (c) ....... $—$142$—$—$—
Number of store locations opened ................... 47 101 214 194 198
Number of store locations closed .................... 101 119 178 116 139
Number of store locations open at year-end .......... 3,095 3,149 3,167 3,131 3,053
Percentage decrease in comparable store sales
(52-weekbasis) .................................. (3)% (12)% (4)% (7)% (5)%
Square footage of store space at year-end (d) ......... 38.8 39.5 39.6 38.7 37.7
Percentage increase (decrease) in square feet (d) ...... (1.8)% (0.3)% 2.3% 2.7% 3.0%
Number of employees at year-end ................... 135,000 134,000 141,000 154,000 153,000
16 Gap Inc. Form 10-K