Big Lots 2015 Annual Report Download - page 7

;ŐͿdŚĞĞĂƌŶŝŶŐƐƉĞƌƐŚĂƌĞĨŽƌĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐ͕ĚŝƐĐŽŶƟŶƵĞĚŽƉĞƌĂƟŽŶƐ͕ĂŶĚŶĞƚŝŶĐŽŵĞĂƌĞƐĞƉĂƌĂƚĞůLJĐĂůĐƵůĂƚĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚĐĐŽƵŶƟŶŐ^ƚĂŶĚĂƌĚƐŽĚŝĮĐĂƟŽŶ
 ;Η^ΗͿϮϲϬ͖ƚŚĞƌĞĨŽƌĞ͕ƚŚĞƐƵŵŽĨĞĂƌŶŝŶŐƐƉĞƌƐŚĂƌĞĨŽƌĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐĂŶĚĚŝƐĐŽŶƟŶƵĞĚŽƉĞƌĂƟŽŶƐŵĂLJĚŝīĞƌ͕ĚƵĞƚŽƌŽƵŶĚŝŶŐ͕ĨƌŽŵƚŚĞĐĂůĐƵůĂƚĞĚĞĂƌŶŝŶŐƐƉĞƌ
 ƐŚĂƌĞŽĨŶĞƚŝŶĐŽŵĞ͘
dŚĞhŶĂƵĚŝƚĞĚĚũƵƐƚĞĚZĞƐƵůƚƐ͕ǁŚŝĐŚŝŶĐůƵĚĞĮŶĂŶĐŝĂůŵĞĂƐƵƌĞƐƚŚĂƚĂƌĞŶŽƚĐĂůĐƵůĂƚĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚĂĐĐŽƵŶƟŶŐƉƌŝŶĐŝƉůĞƐ
ŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚŝŶƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŽĨŵĞƌŝĐĂ;Η'WΗͿ͕ĂƌĞƉƌĞƐĞŶƚĞĚŝŶŽƌĚĞƌƚŽƉƌŽǀŝĚĞĂĚĚŝƟŽŶĂůŵĞĂŶŝŶŐĨƵůĮŶĂŶĐŝĂůŝŶĨŽƌŵĂƟŽŶ
ĨŽƌƚŚĞƉĞƌŝŽĚƉƌĞƐĞŶƚĞĚ͘dŚĞhŶĂƵĚŝƚĞĚĚũƵƐƚĞĚZĞƐƵůƚƐƐŚŽƵůĚŶŽƚďĞĐŽŶƐƚƌƵĞĚĂƐĂŶĂůƚĞƌŶĂƟǀĞƚŽƚŚĞƌĞƉŽƌƚĞĚƌĞƐƵůƚƐĚĞƚĞƌŵŝŶĞĚŝŶ
ĂĐĐŽƌĚĂŶĐĞǁŝƚŚ'W͘KƵƌĚĞĮŶŝƟŽŶŽĨĂĚũƵƐƚĞĚƌĞƐƵůƚƐŵĂLJĚŝīĞƌĨƌŽŵƐŝŵŝůĂƌůLJƟƚůĞĚŵĞĂƐƵƌĞƐƵƐĞĚďLJŽƚŚĞƌĐŽŵƉĂŶŝĞƐ͘tŚŝůĞŝƚŝƐŶŽƚ
ƉŽƐƐŝďůĞƚŽƉƌĞĚŝĐƚĨƵƚƵƌĞƌĞƐƵůƚƐ͕ŽƵƌŵĂŶĂŐĞŵĞŶƚďĞůŝĞǀĞƐƚŚĂƚƚŚĞĂĚũƵƐƚĞĚŶŽŶͲ'WŝŶĨŽƌŵĂƟŽŶŝƐƵƐĞĨƵůĨŽƌƚŚĞĂƐƐĞƐƐŵĞŶƚŽĨŽƵƌ
ŽŶŐŽŝŶŐŽƉĞƌĂƟŽŶƐ͘dŚĞhŶĂƵĚŝƚĞĚĚũƵƐƚĞĚZĞƐƵůƚƐƐŚŽƵůĚďĞƌĞĂĚŝŶĐŽŶũƵŶĐƟŽŶǁŝƚŚŽƵƌŽŶƐŽůŝĚĂƚĞĚ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐĂŶĚƚŚĞ
ƌĞůĂƚĞĚEŽƚĞƐĐŽŶƚĂŝŶĞĚŝŶŽƵƌ&ŽƌŵϭϬͲ<ĨŽƌĮƐĐĂůϮϬϭϱ͘
Fiscal 2015
dŚĞϮϬϭϱhŶĂƵĚŝƚĞĚĚũƵƐƚĞĚZĞƐƵůƚƐƌĞŇĞĐƚůŽǁĞƌƐĞůůŝŶŐĂŶĚĂĚŵŝŶŝƐƚƌĂƟǀĞĞdžƉĞŶƐĞĂƐĂƌĞƐƵůƚŽĨĂĚũƵƐƚŵĞŶƚƐĨŽƌĂůŽƐƐĐŽŶƟŶŐĞŶĐLJĂŶĚ
ŽƵƌůĞŐĂĐLJƉĞŶƐŝŽŶƉůĂŶƐ͕ĂƐĚĞƐĐƌŝďĞĚĂŶĚƌĞĐŽŶĐŝůĞĚďĞůŽǁ;ΨŝŶƚŚŽƵƐĂŶĚƐͿ͗
 ĚũƵƐƚŵĞŶƚƚŽdžĐůƵĚĞ>ŽƐƐŽŶƟŶŐĞŶĐLJ
 /ŶĮƐĐĂůϮϬϭϱ͕ǁĞƌĞĐŽƌĚĞĚĂΨϰ͕ϰϴϳĐŚĂƌŐĞ;ΨϮ͕ϳϭϭŶĞƚŽĨƚĂdžͿƌĞůĂƚĞĚƚŽĂůŽƐƐĐŽŶƟŶŐĞŶĐLJĂƐƐŽĐŝĂƚĞĚǁŝƚŚŵĞƌĐŚĂŶĚŝƐĞͲƌĞůĂƚĞĚ
 ůĞŐĂůŵĂƩĞƌƐǁŚŝĐŚƌĞƐƵůƚĞĚŝŶĂŶŝŶĐƌĞĂƐĞŽĨƐĞůůŝŶŐĂŶĚĂĚŵŝŶŝƐƚƌĂƟǀĞĞdžƉĞŶƐĞƐ͘
 ĚũƵƐƚŵĞŶƚƚŽdžĐůƵĚĞWĞŶƐŝŽŶdĞƌŵŝŶĂƟŽŶŽƐƚƐ
 /ŶƚŚĞƚŚŝƌĚĂŶĚĨŽƵƌƚŚƋƵĂƌƚĞƌƐŽĨϮϬϭϱ͕ǁĞƌĞĐŽŐŶŝnjĞĚĂƚŽƚĂůŽĨΨϵ͕Ϯϯϰ;Ψϱ͕ϱϴϮŶĞƚŽĨƚĂdžͿĨŽƌŝƚĞŵƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚŽƵƌ 
 ĚĞĐŝƐŝŽŶƚŽĨƌĞĞnjĞďĞŶĞĮƚƐĂŶĚƚĞƌŵŝŶĂƚĞďŽƚŚŽƵƌƋƵĂůŝĮĞĚĂŶĚŶŽŶͲƋƵĂůŝĮĞĚĚĞĮŶĞĚďĞŶĞĮƚƉĞŶƐŝŽŶƉůĂŶƐ͕ŝŶĐůƵĚŝŶŐĐƵƌƚĂŝůŵĞŶƚ
 ĂŶĚƐĞƩůĞŵĞŶƚĐŚĂƌŐĞƐĂŶĚƉƌŽĨĞƐƐŝŽŶĂůĨĞĞƐŝŶƐƵƉƉŽƌƚŽĨƚŚĞĂĐƟŽŶƐƚŽĨĂĐŝůŝƚĂƚĞƚŚĞƉůĂŶƚĞƌŵŝŶĂƟŽŶƐ͘
Fiscal 2013
dŚĞϮϬϭϯhŶĂƵĚŝƚĞĚĚũƵƐƚĞĚZĞƐƵůƚƐƌĞŇĞĐƚůŽǁĞƌƐĞůůŝŶŐĂŶĚĂĚŵŝŶŝƐƚƌĂƟǀĞĞdžƉĞŶƐĞĂƐĂƌĞƐƵůƚŽĨƚŚĞĂĚũƵƐƚŵĞŶƚĨŽƌĂůŽƐƐĐŽŶƟŶŐĞŶĐLJ
ƉĂƌƟĂůůLJŽīƐĞƚďLJĂŐĂŝŶŽŶƐĂůĞŽĨƌĞĂůĞƐƚĂƚĞ͕ĂƐĚĞƐĐƌŝďĞĚĂŶĚƌĞĐŽŶĐŝůĞĚďĞůŽǁ;ΨŝŶƚŚŽƵƐĂŶĚƐͿ͗
 ĚũƵƐƚŵĞŶƚƚŽdžĐůƵĚĞ>ŽƐƐŽŶƟŶŐĞŶĐLJ
 /ŶĮƐĐĂůϮϬϭϯ͕ǁĞƌĞĐŽƌĚĞĚĂΨϰ͕ϯϳϱĐŚĂƌŐĞ;ΨϮ͕ϳϲϬŶĞƚŽĨƚĂdžͿƌĞůĂƚĞĚƚŽƚŚĞƐĞƩůĞŵĞŶƚŽĨĂůĞŐĂůĐŽŶƟŶŐĞŶĐLJǁŚŝĐŚƌĞƐƵůƚĞĚŝŶĂŶ
 ŝŶĐƌĞĂƐĞŽĨƐĞůůŝŶŐĂŶĚĂĚŵŝŶŝƐƚƌĂƟǀĞĞdžƉĞŶƐĞƐ͘
Gain on Sale of Real Estate
 /ŶƚŚĞƚŚŝƌĚƋƵĂƌƚĞƌŽĨĮƐĐĂůϮϬϭϯ͕ǁĞƌĞĐŽŐŶŝnjĞĚĂΨϯ͕ϱϳϵŐĂŝŶŽŶƚŚĞƐĂůĞŽĨƌĞĂůĞƐƚĂƚĞ;ΨϮ͕ϭϳϵŶĞƚŽĨƚĂdžͿƌĞůĂƚĞĚƚŽĂŽŵƉĂŶLJͲ
 ŽǁŶĞĚĂŶĚŽƉĞƌĂƚĞĚƐƚŽƌĞŝŶĂůŝĨŽƌŶŝĂǁŚŝĐŚƌĞƐƵůƚĞĚŝŶĂĚĞĐƌĞĂƐĞŽĨƐĞůůŝŶŐĂŶĚĂĚŵŝŶŝƐƚƌĂƟǀĞĞdžƉĞŶƐĞƐ͘
Fiscal Year 2015
EĞƚƐĂůĞƐ Ψϱ͕ϭϵϬ͕ϱϴϮ ϭϬϬ͘Ϭй Ψ ʹ Ψ ʹ Ψϱ͕ϭϵϬ͕ϱϴϮ ϭϬϬ͘Ϭй Ψϱ͕ϭϮϰ͕ϳϱϱ ϭϬϬ͘Ϭй Ψ ʹ Ψ ʹ Ψϱ͕ϭϮϰ͕ϳϱϱ ϭϬϬ͘Ϭй
ŽƐƚŽĨƐĂůĞƐ  ϯ͕ϭϮϯ͕ϯϵϲ ϲϬ͘Ϯ  ʹ  ʹ  ϯ͕ϭϮϯ͕ϯϵϲ ϲϬ͘Ϯ  ϯ͕ϭϭϳ͕ϯϴϲ ϲϬ͘ϴ  ʹ  ʹ  ϯ͕ϭϭϳ͕ϯϴϲ ϲϬ͘ϴ
'ƌŽƐƐƉƌŽĮƚ  Ϯ͕Ϭϲϳ͕ϭϴϲ ϯϵ͘ϴ  ʹ  ʹ  Ϯ͕Ϭϲϳ͕ϭϴϲ ϯϵ͘ϴ  Ϯ͕ϬϬϳ͕ϯϲϵ ϯϵ͘Ϯ  ʹ  ʹ  Ϯ͕ϬϬϳ͕ϯϲϵ ϯϵ͘Ϯ
^ĞůůŝŶŐĂŶĚĂĚŵŝŶŝƐƚƌĂƟǀĞĞdžƉĞŶƐĞƐ  ϭ͕ϳϬϴ͕ϳϭϳ ϯϮ͘ϵ  ;ϰ͕ϰϴϳͿ  ;ϵ͕ϮϯϰͿ  ϭ͕ϲϵϰ͕ϵϵϲ ϯϮ͘ϳ  ϭ͕ϲϲϰ͕Ϭϯϭ ϯϮ͘ϱ  ;ϰ͕ϯϳϱͿ  ϯ͕ϱϳϵ  ϭ͕ϲϲϯ͕Ϯϯϱ ϯϮ͘ϱ
ĞƉƌĞĐŝĂƟŽŶĞdžƉĞŶƐĞ  ϭϮϮ͕ϳϯϳ Ϯ͘ϰ  ʹ  ʹ  ϭϮϮ͕ϳϯϳ Ϯ͘ϰ  ϭϭϯ͕ϮϮϴ Ϯ͘Ϯ  ʹ  ʹ  ϭϭϯ͕ϮϮϴ Ϯ͘Ϯ
KƉĞƌĂƟŶŐƉƌŽĮƚ  Ϯϯϱ͕ϳϯϮ ϰ͘ϱ  ϰ͕ϰϴϳ  ϵ͕Ϯϯϰ  Ϯϰϵ͕ϰϱϯ ϰ͘ϴ  ϮϯϬ͕ϭϭϬ ϰ͘ϱ  ϰ͕ϯϳϱ  ;ϯ͕ϱϳϵͿ  ϮϯϬ͕ϵϬϲ ϰ͘ϱ
/ŶƚĞƌĞƐƚĞdžƉĞŶƐĞ  ;ϯ͕ϲϴϯͿ ;Ϭ͘ϭͿ  ʹ  ʹ  ;ϯ͕ϲϴϯͿ ;Ϭ͘ϭͿ  ;ϯ͕ϮϵϯͿ ;Ϭ͘ϭͿ  ʹ  ʹ  ;ϯ͕ϮϵϯͿ ;Ϭ͘ϭͿ
KƚŚĞƌŝŶĐŽŵĞ;ĞdžƉĞŶƐĞͿ  ;ϱ͕ϭϵϵͿ ;Ϭ͘ϭͿ  ʹ  ʹ  ;ϱ͕ϭϵϵͿ ;Ϭ͘ϭͿ  ;ϭϮͿ ;Ϭ͘ϬͿ  ʹ  ʹ  ;ϭϮͿ ;Ϭ͘ϬͿ
/ŶĐŽŵĞĨƌŽŵĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐ
 ďĞĨŽƌĞŝŶĐŽŵĞƚĂdžĞƐ  ϮϮϲ͕ϴϱϬ ϰ͘ϰ  ϰ͕ϰϴϳ  ϵ͕Ϯϯϰ  ϮϰϬ͕ϱϳϭ ϰ͘ϲ  ϮϮϲ͕ϴϬϱ ϰ͘ϰ  ϰ͕ϯϳϱ  ;ϯ͕ϱϳϵͿ  ϮϮϳ͕ϲϬϭ ϰ͘ϰ
/ŶĐŽŵĞƚĂdžĞdžƉĞŶƐĞ  ϴϯ͕ϴϰϮ ϭ͘ϲ  ϭ͕ϳϳϲ  ϯ͕ϲϱϮ  ϴϵ͕ϮϳϬ ϭ͘ϳ  ϴϱ͕ϱϭϱ ϭ͘ϳ  ϭ͕ϲϭϱ  ;ϭ͕ϰϬϬͿ  ϴϱ͕ϳϯϬ ϭ͘ϳ
/ŶĐŽŵĞĨƌŽŵĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐ  ϭϰϯ͕ϬϬϴ Ϯ͘ϴ  Ϯ͕ϳϭϭ  ϱ͕ϱϴϮ  ϭϱϭ͕ϯϬϭ Ϯ͘ϵ  ϭϰϭ͕ϮϵϬ Ϯ͘ϴ  Ϯ͕ϳϲϬ  ;Ϯ͕ϭϳϵͿ  ϭϰϭ͕ϴϳϭ Ϯ͘ϴ
>ŽƐƐĨƌŽŵĚŝƐĐŽŶƟŶƵĞĚŽƉĞƌĂƟŽŶƐ  ;ϭϯϱͿ ;Ϭ͘ϬͿ  ʹ  ʹ  ;ϭϯϱͿ ;Ϭ͘ϬͿ  ;ϭϱ͕ϵϵϱͿ ;Ϭ͘ϯͿ  ʹ  ʹ  ;ϭϱ͕ϵϵϱͿ ;Ϭ͘ϯͿ
EĞƚŝŶĐŽŵĞ Ψ ϭϰϮ͕ϴϳϯ Ϯ͘ϴй Ψ Ϯ͕ϳϭϭ Ψ ϱ͕ϱϴϮ Ψ ϭϱϭ͕ϭϲϲ Ϯ͘ϵй Ψ ϭϮϱ͕Ϯϵϱ Ϯ͘ϰй Ψ Ϯ͕ϳϲϬ  ;Ϯ͕ϭϳϵͿ Ψ ϭϮϱ͕ϴϳϲ Ϯ͘ϱй
ĂƌŶŝŶŐƐƉĞƌ
ĐŽŵŵŽŶƐŚĂƌĞͲďĂƐŝĐ͗
(g)
 ŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐ Ψ Ϯ͘ϴϯ  Ψ Ϭ͘Ϭϱ Ψ Ϭ͘ϭϭ Ψ ϯ͘ϬϬ  Ψ Ϯ͘ϰϲ  Ψ Ϭ͘Ϭϱ Ψ ;Ϭ͘ϬϰͿ Ψ Ϯ͘ϰϳ
 ŝƐĐŽŶƟŶƵĞĚŽƉĞƌĂƟŽŶƐ  ʹ   ʹ  ʹ  ʹ   ;Ϭ͘ϮϴͿ   ʹ  ʹ  ;Ϭ͘ϮϴͿ
 EĞƚŝŶĐŽŵĞ Ψ Ϯ͘ϴϯ  Ψ Ϭ͘Ϭϱ Ψ Ϭ͘ϭϭ Ψ Ϯ͘ϵϵ  Ψ Ϯ͘ϭϴ  Ψ Ϭ͘Ϭϱ Ψ ;Ϭ͘ϬϰͿ Ψ Ϯ͘ϭϵ
ĂƌŶŝŶŐƐƉĞƌ
ĐŽŵŵŽŶƐŚĂƌĞͲĚŝůƵƚĞĚ͗
(g)
 ŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐ Ψ Ϯ͘ϴϭ  Ψ Ϭ͘Ϭϱ Ψ Ϭ͘ϭϭ Ψ Ϯ͘ϵϳ  Ψ Ϯ͘ϰϰ  Ψ Ϭ͘Ϭϱ Ψ ;Ϭ͘ϬϰͿ Ψ Ϯ͘ϰϱ
 ŝƐĐŽŶƟŶƵĞĚŽƉĞƌĂƟŽŶƐ  ʹ   ʹ  ʹ  ʹ   ;Ϭ͘ϮϴͿ   ʹ  ʹ  ;Ϭ͘ϮϴͿ
 EĞƚŝŶĐŽŵĞ Ψ Ϯ͘ϴϬ  Ψ Ϭ͘Ϭϱ Ψ Ϭ͘ϭϭ Ψ Ϯ͘ϵϳ  Ψ Ϯ͘ϭϲ  Ψ Ϭ͘Ϭϱ Ψ ;Ϭ͘ϬϰͿ Ψ Ϯ͘ϭϳ
Reported
;'WͿ
ĚũƵƐƚŵĞŶƚ
to exclude
loss
ĐŽŶƟŶŐĞŶĐLJ
;ΨŝŶƚŚŽƵƐĂŶĚƐ͕
except per share amounts)
ĚũƵƐƚŵĞŶƚ
to exclude
pension
ƚĞƌŵŝŶĂƟŽŶ
costs
Unaudited
ĚũƵƐƚĞĚZĞƐƵůƚƐ
;ŶŽŶͲ'WͿ Reported
;'WͿ
ĚũƵƐƚŵĞŶƚ
to exclude
loss
ĐŽŶƟŶŐĞŶĐLJ
Gain on
sale of
real estate
Unaudited
ĚũƵƐƚĞĚZĞƐƵůƚƐ
;ŶŽŶͲ'WͿ
Fiscal Year 2013
BIG LOTS, INC. 2015 ANNUAL REPORT