Circuit City 2008 Annual Report Download - page 22

Download and view the complete annual report

Please find page 22 of the 2008 Circuit City annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

Table of Contents
Item 6. Selected Financial Data.
The following selected financial information is qualified by reference to, and should be read in conjunction with, the Company’s Consolidated
Financial Statements and the notes thereto, and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”
contained elsewhere in this report. The selected statement of operations data for fiscal years 2008, 2007 and 2006 and the selected balance sheet
data as of December 2008 and 2007 are derived from the audited consolidated financial statements which are included elsewhere in this report.
The selected balance sheet data as of December 2006, 2005 and 2004 and the selected statement of operations data for fiscal years 2005 and
2004 are derived from the audited consolidated financial statements of the Company which are not included in this report.
20
Years Ended December 31,
(In millions, except per share data)
2008
2007
2006
2005
2004
Statement of Operations Data:
Net sales
$
3,033.0
$
2,779.9
$
2,345.2
$
2,115.5
$
1,928.1
Gross profit
$
464.1
$
426.3
$
342.9
$
307.3
$
286.5
Operating income
$
83.4
$
93.9
$
60.7
$
37.2
$
17.6
Net income
$
52.8
$
69.5
$
45.1
$
11.4
$
10.2
Per Share Amounts:
Net income
–
diluted
$
1.41
$
1.84
$
1.22
$
.31
$
.29
Weighted average common shares
–
diluted
37.4
37.8
36.9
36.5
35.5
Cash dividends declared per common share
$
1.00
$
1.00
$
—
$
—
$
—
Balance Sheet Data:
Working capital
$
250.6
$
274.4
$
229.4
$
169.8
$
148.0
Total assets
$
703.3
$
677.6
$
584.1
$
504.5
$
483.2
Long
-
term debt, excluding current portion
$
1.4
$
.3
$
.5
$
8.0
$
8.6
Shareholders
’
equity
$
334.0
$
335.8
$
289.5
$
232.8
$
222.6