Cracker Barrel 2009 Annual Report Download - page 36

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C R A C K E R B A R R E L O L D C O U N T R Y S TO R E , I N C .
Selected Financial Data
(Dollars in thousands except share data)
For each of the fiscal years ended
July 31, 2009(a)(b)(c) August 1, 2008(b)(d) August 3, 2007(b)(e)(f) July 28, 2006(b)(g) July 29, 2005(b)(h)
SELECTED INCOME STATEMENT DATA:
Total revenue $ 2,367,285 $ 2,384,521 $ 2,351,576 $ 2,219,475 $ 2,190,866
Income from continuing operations 65,957 65,303 75,983 95,501 105,363
(Loss) income from discontinued
operations, net of tax (31) 250 86,082 20,790 21,277
Net income 65,926 65,553 162,065 116,291 126,640
Basic net income per share:
Income from continuing operations 2.94 2.87 2.75 2.23 2.20
(Loss) income from discontinued
operations, net of tax — 0.01 3.11 0.48 0.45
Net income per share 2.94 2.88 5.86 2.71 2.65
Diluted net income per share:
Income from continuing operations 2.89 2.79 2.52 2.07 2.05
(Loss) income from discontinued
operations, net of tax — 0.01 2.71 0.43 0.40
Net income per share 2.89 2.80 5.23 2.50 2.45
Dividends paid per share $ 0.78 $ 0.68 $ 0.55 $ 0.51 $ 0.47
AS PERCENT OF REVENUES:
Cost of goods sold 32.3% 32.4% 31.7% 31.8% 32.7%
Labor and related expenses 38.7 38.2 38.0 37.6 37.5
Impairment and store closing charges 0.1 — — 0.2 —
Other store operating expenses 17.8 17.7 17.4 17.3 16.9
Store operating income 11.1 11.7 12.9 13.1 12.9
General and administrative expenses 5.1 5.4 5.7 5.8 5.2
Operating income 6.0 6.3 7.2 7.3 7.7
Income before income taxes 3.8 3.9 5.0 6.3 7.3
SELECTED BALANCE SHEET DATA:
Working capital (deficit)(i) $ (66,637) $ (44,080) $ (74,388) $ (6,280) $ (80,060)
Current assets from discontinued
operations — — — 401,222 362,656
Total assets 1,245,181 1,313,703 1,265,030 1,681,297 1,533,272
Long-term debt 638,040 779,061 756,306 911,464 212,218
Interest rate swap liability 61,232 39,618 13,680 7,220 —
Other long-term obligations (j) 89,610 83,147 53,819 47,888 38,705
Shareholders’ equity 135,622 92,751 104,123 302,282 869,988
SELECTED CASH FLOW DATA:
Purchase of property and equipment, net
of insurance recoveries, from continuing
operations $ 67,842 $ 87,849 $ 96,447 $ 89,167 $ 124,624
Share repurchases — 52,380 405,531 704,160 59,328
SELECTED OTHER DATA:
Common shares outstanding at end of year 22,722,685 22,325,341 23,674,175 30,926,906 46,619,803
Cracker Barrel stores open at end of year 588 577 562 543 529
AVERAGE UNIT VOLUMES(k):
Cracker Barrel restaurant $ 3,209 $ 3,282 $ 3,339 $ 3,248 $ 3,291
Cracker Barrel retail 841 898 917 876 959
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