Circuit City 2009 Annual Report Download - page 22

Download and view the complete annual report

Please find page 22 of the 2009 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 137

  • 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
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137

Table of Contents
Information regarding securities authorized for issuance under equity compensation plans and a performance graph relating to the Company’s
common stock is set forth in the Company’s Proxy Statement relating to the 2010 annual meeting of shareholders and is incorporated by
reference herein.
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 2009, 2008 and 2007 and the selected balance sheet
data as of December 2009 and 2008 are derived from the audited consolidated financial statements which are included elsewhere in this report.
The selected balance sheet data as of December 2007, 2006 and 2005 and the selected statement of operations data for fiscal years 2006 and
2005 are derived from the audited consolidated financial statements of the Company which are not included in this report.
(1) previous years have been restated in accordance with accounting guidance concerning participating securities
20
Fiscal Month
Total Number of
Shares Purchased
Average Price
Paid Per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced Plans
or Programs
Maximum Number
of Shares that May
Yet Be Purchased
Under the Plans or
Programs
August 2008
228,401
$
15.04
228,401
1,771,599
December 2008
246,900
$
9.67
475,301
1,524,699
March 2009
32,444
$
11.63
507,745
1,492,255
May 2009
29,200
$
12.02
536,945
1,463,055
June 2009
37,290
$
11.97
574,235
1,425,765
Total
574,235
$
12.19
Years Ended December 31,
(In millions, except per share data)
2009
2008
2007
2006
2005
Statement of Operations Data
:
Net sales
$
3,166.0
$
3,033.0
$
2,779.9
$
2,345.2
$
2,115.5
Gross profit
$
460.2
$
458.6
$
426.3
$
342.9
$
307.3
Operating income
$
73.4
$
83.4
$
93.9
$
60.7
$
37.2
Net income
$
46.2
$
52.8
$
69.5
$
45.1
$
11.4
Per Share Amounts
:
Net income
—
diluted (1)
$
1.24
$
1.40
$
1.84
$
1.22
$
.31
Weighted average common shares
—
diluted
37.3
37.7
37.8
36.9
36.5
Cash dividends declared per common share
$
.75
$
1.00
$
1.00
$
—
$
—
Balance Sheet Data
:
Working capital
$
250.1
$
253.1
$
274.4
$
229.4
$
169.8
Total assets
$
816.9
$
702.5
$
677.6
$
584.1
$
504.5
Long
-
term debt, excluding current portion
$
1.2
$
1.4
$
.3
$
.5
$
8.0
Shareholders
’
equity
$
364.7
$
334.0
$
335.8
$
289.5
$
232.8