Columbia Sportswear 2002 Annual Report Download - page 20

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Item 6. SELECTED FINANCIAL DATA
Selected Consolidated Financial Data
The selected financial data presented below for, and as of the end of, each of the years in the five-year
period ended December 31, 2002 has been derived from our audited consolidated financial statements. The
consolidated financial data should be read in conjunction with the Consolidated Financial Statements and related
Notes that appear elsewhere in this Annual Report and Management’s Discussion and Analysis of Financial
Condition and Results of Operations set forth in Item 7.
Year ended December 31,
2002 2001 2000 1999 1998
(In thousands, except per share amounts)
Statement of Operations Data:
Net sales .................................... $816,319 $779,581 $614,825 $470,503 $427,278
Cost of sales ................................. 437,782 422,430 334,689 259,609 240,457
Grossprofit.................................. 378,537 357,151 280,136 210,894 186,821
Selling, general and administrative ............... 214,862 208,970 183,743 150,829 131,023
Income from operations ........................ 163,675 148,181 96,393 60,065 55,798
Interest (income) expense, net ................... (354) 2,568 4,238 4,822 4,075
Incometaxexpense ........................... 61,511 56,789 33,544 22,235 18,979
Netincome .................................. $102,518 $ 88,824 $ 58,611 $ 33,008 $ 32,744
Earnings per share (1) (2):
Basic ................................... $ 2.60 $ 2.27 $ 1.52 $ 0.87 $ 0.92
Diluted ................................. 2.56 2.23 1.48 0.86 0.91
Weighted average shares outstanding (1) (2):
Basic ................................... 39,449 39,051 38,541 37,997 35,597
Diluted ................................. 40,063 39,840 39,608 38,412 36,087
2002 2001 2000 1999 1998
Balance Sheet Data:
Working capital .............................. $361,628 $270,959 $191,612 $144,105 $109,505
Inventories .................................. 94,862 114,889 105,288 86,465 74,059
Total assets .................................. 592,817 474,967 375,086 304,990 269,478
Long-term debt, net of current maturities .......... 20,636 25,047 26,000 26,665 27,275
Shareholders’ equity ........................... 472,719 353,389 248,989 184,375 149,414
(1) The Company completed its initial public offering of 9,660,000 shares of Common Stock on April 1, 1998.
(2) Earnings per share and weighted average shares outstanding have been restated to reflect the three-for-two
stock split that was effective June 4, 2001.
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