DSW 2009 Annual Report Download - page 27

ITEM 6. SELECTED FINANCIAL DATA.
The following table sets forth, for the periods presented, various selected financial information. Such selected
consolidated financial data should be read in conjunction with our Consolidated Financial Statements, including the
notes thereto, set forth in Item 8 of this Annual Report on Form 10-K and “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” set forth in Item 7 of this Annual Report on Form 10-K.
1/30/10 1/31/09 2/02/08 2/03/07 1/28/06
For the Fiscal Years Ended
(Dollars in thousands, except per share and net sales per average gross square
foot)
Statement of Income Data:(1)
Net sales(2) . . . ................... $1,602,605 $1,462,944 $1,405,615 $1,279,060 $1,144,061
Gross profit(3) . ................... $ 467,492 $ 379,099 $ 370,135 $ 366,351 $ 315,719
Depreciation and amortization . ........ $ 46,260 $ 36,336 $ 25,055 $ 20,686 $ 19,444
Operating profit(4) ................. $ 93,455 $ 42,813 $ 81,321 $ 100,714 $ 70,112
Net income(4) . ................... $ 54,741 $ 26,902 $ 53,775 $ 65,464 $ 37,181
Diluted earnings per share ............ $ 1.23 $ 0.61 $ 1.21 $ 1.48 $ 1.00
Balance Sheet Data:
Total assets....................... $ 850,756 $ 721,197 $ 693,882 $ 608,303 $ 507,715
Working capital(5) ................. $ 382,271 $ 295,721 $ 282,717 $ 298,704 $ 238,528
Current ratio(6) . ................... 2.70 2.87 2.67 2.88 2.71
Total shareholders’ equity ............ $ 524,881 $ 465,584 $ 433,480 $ 374,579 $ 304,716
Other Data:
Capital expenditures . . . ............. $ 21,785 $ 80,974 $ 102,451 $ 42,407 $ 25,537
Number of DSW stores:(7)
Beginning of period . . ............. 298 259 223 199 172
New stores ................... 9 41 37 29 29
Closed/re-categorized stores(7) . . . . . (2) (2) (1) (5) (2)
End of period ................... 305 298 259 223 199
Comparable DSW stores (units)(8) . . . . 249 217 192 163 139
DSW total square footage(9) ........ 6,839,975 6,749,690 6,142,685 5,534,243 5,061,642
Average gross square footage(10) . . . 6,840,199 6,454,396 5,814,398 5,271,748 4,721,129
Net sales per average gross square
foot(11) . ................... $ 203 $ 196 $ 212 $ 218 $ 217
Number of leased departments at end of
period. ........................ 356 377 378 360 238
Total comparable store sales change(8) . . . 3.2% (5.9)% (0.8)% 2.5% 5.4%
(1) Fiscal 2006 was based on a 53 week year. All other fiscal years are based on a 52 week year.
(2) Includes net sales of leased departments and dsw.com.
(3) Gross profit is defined as net sales less cost of sales.
(4) Results for the fiscal year ended January 28, 2006 include a $6.5 million pre-tax charge in operating profit, a
$3.9 million after- tax charge to net income, related to the reserve for estimated losses associated with the theft
of credit card and other purchase information.
(5) Working capital represents current assets less current liabilities.
(6) Current ratio represents current assets divided by current liabilities.
(7) Two combination DSW/Filene’s Basement stores were re-categorized as leased departments at the beginning
of fiscal 2005.
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