Cabela's 2004 Annual Report Download - page 32

Fiscal Year(1)
2004 2003 2002 2001 2000
Selected Cash Flow Data
Net cash Öows from operating
activities ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 47,018 $ 67,236 $ 55,692 $ 69,373 $ 41,329
Net cash Öows from investing
activities ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (127,170) (93,718) (84,510) (71,678) (74,383)
Net cash Öows from Ñnancing
activities ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 135,755 40,427 97,699 84,336 17,793
Other Data:
Number of catalogs mailed (000's) ÏÏ 120,383 103,976 96,723 83,520 76,011
Number of destination retail stores
(at end of period)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 109877
Total gross square footage (at end of
the period)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,317,060 1,140,709 893,810 707,868 707,868
Average sales per gross square
foot(7) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 398 $ 386 $ 381 $ 367 $ 354
Comparable store sales growth(8) ÏÏÏ (0.6)% 0.2% 3.7% 3.8% 6.2%
Depreciation and amortizationÏÏÏÏÏÏÏ $ 29,843 $ 26,715 $ 23,539 $ 17,355 $ 14,681
Capital expenditures ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 52,568 72,972 53,387 47,257 64,615
Purchases of marketable securities(9) 74,492 18,201 32,821 13,768 7,452
EBITDA(10) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 137,501 $ 117,258 $ 104,248 $ 83,693 $ 73,402
EBITDA margin(11) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 8.8% 8.4% 8.5% 7.8% 7.7%
(1) Our Ñscal years are based on the 52-53 week period ending on the Saturday closest to December 31.
Our Ñscal years 2004, 2002, 2001 and 2000 consisted of 52 weeks and our Ñscal year 2003 consisted
of 53 weeks.
(2) On March 23, 2001, we purchased the remaining 50% ownership interest in Cabela's Card, LLC that
we did not previously own and formed a new wholly-owned bank subsidiary, World's Foremost Bank.
The Ñnancial results of the bank were consolidated with our results beginning March 23, 2001.
(3) Other revenue consists primarily of revenue from our real estate and travel businesses.
(4) Other income primarily consists of interest earned on economic development bonds, gains on sales of
marketable securities and equity in undistributed net earnings (losses) of equity method investees.
(5) At Ñscal year end 2004, 2003, 2002 and 2001, cash and cash equivalents at World's Foremost Bank
were $58.1 million, $77.2 million, $35.0 million and $34.4 million, respectively, which is included in
our consolidated cash and cash equivalents. Due to regulatory restrictions, our ability to use this cash
for non-banking operations, including for working capital for our direct or retail businesses or for
destination retail store expansion, may be limited. See ""Management's Discussion and Analysis of
Financial Condition and Results of Operations Ì Bank Dividend Limitations and Minimum Capital
Requirements''.
(6) In September 2001, all outstanding shares of cumulative redeemable convertible preferred stock were
converted to non-voting common stock.
(7) Average sales per gross square foot includes sales and square footage of stores that are open at the
beginning of the period and at the end of the period.
(8) Stores are included in our comparable store sales base the Ñrst day of the month following the Ñfteen
month anniversary of its opening or expansion by greater than 25% of total square footage. The
percentages shown are based on a 52 to 52 week comparison. We previously reported 2003 on a 53
to 52 week basis as 2.4%.
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