Circuit City 2005 Annual Report Download - page 10

See Item 7, Management’s Discussions and Analysis of Financial Condition and Results of Operations, for
further information with respect to our operations.
Available Information
We maintain an internet web site at www.systemax.com . We file reports with the Securities and Exchange
Commission and make available free of charge on or through this web site our annual reports on Form 10-K, quarterly
reports on Form 10-Q and current reports on Form 8-K, including all amendments to those reports. These are available
as soon as is reasonably practicable after they are filed with the SEC. All reports mentioned above are also available
from the SEC’s web site ( www.sec.gov
). The information on our web site is not part of this or any other report we file
with, or furnish to, the SEC.
Our Board of Directors has adopted the following corporate governance documents with respect to the Company
(the “Corporate Governance Documents”):
In accordance with the corporate governance rules of the New York Stock Exchange, each of the Corporate
Governance Documents is available on our Company web site ( www.systemax.com ) or can be obtained by writing to
Systemax Inc., Attention: Board of Directors (Corporate Governance), 11 Harbor Park Drive, Port Washington, NY
11050.
Item 1A. Risk Factors.
There are a number of factors and variables described below that may affect our future results of operations and
financial condition. Other factors of which we are currently not aware or that we currently deem immaterial may also
affect our results of operations and financial position.
Risks Related to Our Industry
Net sales
$694,637
$1,420,881
$2,115,518
Income (loss) from operations
$(4,603
)
$39,412
$34,809
Identifiable assets
$142,174
$362,370
$504,544
2004
Net sales
$695,695
$1,232,452
$1,928,147
Income (loss) from operations
$(12,376
)
$31,375
$18,999
Identifiable assets
$169,912
$313,284
$483,196
2003
Net sales
$631,048
$1,024,688
$1,655,736
Income (loss) from operations
$(5,251
)
$14,401
$9,150
Identifiable assets
$140,319
$304,941
$445,260
•
•
•
•
•
Corporate Ethics Policy for officers, directors and employees
Charter for the Audit Committee of the Board of Directors
Charter for the Compensation Committee of the Board of Directors
Charter for the Nominating/Corporate Governance Committee of the Board of Directors
Corporate Governance Guidelines and Principles
•
Economic conditions have affected and could continue to adversely affect our revenues and profits
.
Both we and our customers are subject to global political, economic and market conditions, including
inflation, interest rates, energy costs, the impact of natural disasters, military action and the threat of
terrorism. Our consolidated results of operations are directly affected by economic conditions in North
America and Europe. We may experience a decline in sales as a result of poor economic conditions and the
lack of visibility relating to future orders. Our results of operations depend upon, among other things, our
ability to maintain and increase sales volumes with existing customers, our ability to attract new customers
and the financial condition of our customers. A decline in the economy that adversely affects our
customers, causing them to limit or defer their spending, would likely adversely affect us as well. We