Banana Republic 2011 Annual Report Download - page 31

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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, loss per share from the operations of Forth & Towne has
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 in Item 8.
Fiscal Year (number of weeks)
2011 (52) 2010 (52) 2009 (52) 2008 (52) 2007 (52)
Operating Results ($ in millions)
Netsales ........................................... $ 14,549 $ 14,664 $ 14,197 $ 14,526 $ 15,763
Grossmargin ....................................... 36.2% 40.2% 40.3% 37.5% 36.1%
Operating margin ................................... 9.9% 13.4% 12.8% 10.7% 8.3%
Income from continuing operations, net of income
taxes............................................. $ 833 $ 1,204 $ 1,102 $ 967 $ 867
Netincome ......................................... $ 833 $ 1,204 $ 1,102 $ 967 $ 833
Cashdividendspaid ................................. $ 236 $ 252 $ 234 $ 243 $ 252
Per Share Data (number of shares in millions)
Basic earnings (loss) per share:
Incomefromcontinuingoperations............... $ 1.57 $ 1.89 $ 1.59 $ 1.35 $ 1.10
Lossfromdiscontinuedoperation................. $ — $ — $ — $ — $ (0.05)
Earnings per share .............................. $ 1.57 $ 1.89 $ 1.59 $ 1.35 $ 1.05
Diluted earnings (loss) per share:
Incomefromcontinuingoperations............... $ 1.56 $ 1.88 $ 1.58 $ 1.34 $ 1.09
Lossfromdiscontinuedoperation................. $ — $ — $ — $ — $ (0.04)
Earnings per share .............................. $ 1.56 $ 1.88 $ 1.58 $ 1.34 $ 1.05
Weighted-average number of shares—basic ........... 529 636 694 716 791
Weighted-average number of shares—diluted ......... 533 641 699 719 794
Cash dividends declared and paid per share ............ $ 0.45 $ 0.40 $ 0.34 $ 0.34 $ 0.32
Balance Sheet Information ($ in millions)
Merchandise inventory .............................. $ 1,615 $ 1,620 $ 1,477 $ 1,506 $ 1,575
Totalassets ......................................... $ 7,422 $ 7,065 $ 7,985 $ 7,564 $ 7,838
Workingcapital ..................................... $ 2,181 $ 1,831 $ 2,533 $ 1,847 $ 1,653
Total long-term debt, less current maturities ........... $ 1,606 $ — $ — $ — $ 50
Stockholders’equity ................................. $ 2,755 $ 4,080 $ 4,891 $ 4,387 $ 4,274
Other Data ($ and square footage in millions)
Purchases of property and equipment ................. $ 548 $ 557 $ 334 $ 431 $ 682
Acquisition of business, net of cash acquired (1) ......... $—$—$—$142$—
Number of Company-operated store locations open at
year-end ......................................... 3,036 3,068 3,095 3,149 3,167
Number of franchise store locations open at year-end . . . 227 178 136 114 64
Number of store locations open at year-end (2) ......... 3,263 3,246 3,231 3,263 3,231
Percentage increase (decrease) in comparable sales (3) . . (4)% 2% (3)% (12)% (4)%
Square footage of Company-operated store space at
year-end ......................................... 37.2 38.2 38.8 39.5 39.6
Percentage increase (decrease) in square footage of
Company-operated store space at year-end .......... (2.6)% (1.5)% (1.8)% (0.3)% 2.3%
Number of employees at year-end .................... 132,000 134,000 135,000 134,000 141,000
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