Circuit City 2003 Annual Report Download - page 47

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--------------- --------------- ----------------
Net income (loss) $5,611 $(58,939) $653
=============== =============== ================
Net income (loss) per common share, basic and diluted:
Income (loss) before cumulative effect of change in accounting
principle, net of tax $.16 $(.23) $.02
Cumulative effect of change in accounting principle, net of tax (1.50)
--------------- --------------- ----------------
Net income (loss) $.16 $(1.73) $.02
=============== =============== ================
See notes to consolidated financial statements.
SYSTEMAX INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2003, 2002 AND 2001
(IN THOUSANDS)
Common Stock Accumulated
------------------------- Other
Additional Comprehensive Treasury Comprehensive
Number of Paid-in Retained Income (Loss), Stock Income (Loss),
Shares Amount Capital Earnings Net of Tax At Cost Net of Tax
--------- ------ ----------- ----------- ----------------- --------------- ------------------
Balances, January 1, 2001 34,104 $382 $176,743 $133,697 $(6,662) $(48,489)
Change in cumulative translation
adjustment (1,376) $(1,376)
Net income 653 653
------ ---- ------- --- ----- ------- ---
Total comprehensive loss $(723)
======
Balances, December 31, 2001 34,104 382 176,743 134,350 (8,038) (48,489)
Change in cumulative translation
adjustment 5,908 $5,908
Net loss (58,939) (58,939)
------ ---- ------- ------ ----- ------- ------
Total comprehensive loss $(53,031)
=========
Balances, December 31, 2002 34,104 382 176,743 75,411 (2,130) (48,489)
Change in cumulative translation
adjustment 4,287 $4,287
Exercise of stock options 184 (1,400) 2,159
Net income 5,611 5,611
------ ---- ------- ----- ----- ----- -----
Total comprehensive income $9,898
======
Balances, December 31, 2003 34,288 $382 $175,343 $81,022 $2,157 $(46,330)
====== ==== ======== ======= ====== =========
See notes to consolidated financial statements.
SYSTEMAX INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2003, 2002 AND 2001
(IN THOUSANDS)
2003 2002 2001
---- ---- ----
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:
Net income (loss) $5,611 $(58,939) $653
Adjustments to reconcile net income (loss) to net cash provided by
(used in) operating activities:
Cumulative effect of change in accounting principle, net of tax 50,971