DSW 2011 Annual Report Download - page 22

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Table of Contents
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.
17
ITEM 6.
SELECTED FINANCIAL DATA.
For the fiscal years ended
(1)
1/28/2012
1/29/2011
1/30/2010
1/31/2009
2/2/2008
(dollars in thousands, except per share and net sales per average gross square foot)
Statement of Operations Data
(2)
:
Net sales
(3)
$
2,024,329
$
1,822,376
$
1,602,605
$
1,462,944
$
1,405,615
Gross profit
(4)
$
653,947
$
565,681
$
467,492
$
379,099
$
370,135
Change in fair value of derivative
instruments
$
(53,914
)
$
(49,014
)
$
(66,499
)
$
85,235
$
248,193
Depreciation and amortization
$
51,237
$
48,262
$
46,738
$
38,466
$
28,298
Operating profit (loss)
$
151,450
$
120,560
$
(39,844
)
$
128,048
$
329,514
Income (loss) from continuing
operations
$
200,338
$
51,820
$
(65,610
)
$
109,180
$
261,846
Total (loss) income from discontinued
operations, net of tax
$
(4,855
)
$
6,628
$
59,880
$
(48,379
)
$
(190,525
)
Less: Income attributable to
noncontrolling interests
$
(20,695
)
$
(40,654
)
$
(20,361
)
$
(9,960
)
$
(19,879
)
Net income (loss), net of noncontrolling
interests
$
174,788
$
17,794
$
(26,091
)
$
50,841
$
51,442
Earnings per Share Data:
Diluted earnings (loss) per share from
continuing operations, net of
noncontrolling interests
$
4.68
$
0.52
$
(4.04
)
$
2.94
$
3.54
Diluted (loss) earnings per share from
discontinued operations
$
(0.14
)
$
0.31
$
2.82
$
(2.25
)
$
(7.71
)
Diluted earnings (loss) per share, net of
noncontrolling interests
$
4.54
$
0.82
$
(1.23
)
$
0.69
$
(4.17
)
Balance Sheet Data:
Total assets
$
1,207,900
$
1,041,477
$
903,465
$
953,762
$
951,966
Working capital
(5)
$
560,458
$
320,629
$
369,204
$
307,776
$
295,862
Current ratio
(6)
2.8
1.8
2.4
2.2
2.0
Total shareholders’ equity
$
786,587
$
488,869
$
403,290
$
395,186
$
333,272
Long-term obligations
(7)
$
—
$
132,132
$
129,757
$
127,576
$
135,293
Other Data:
Cash dividends per share
(8)
$
2.30
$
—
$
—
$
—
$
—
Capital expenditures
$
76,912
$
52,298
$
21,785
$
78,658
$
101,736
Number of DSW stores:
Beginning of period
311
305
298
259
223
New stores
17
9
9
41
37
Closed/re-categorized stores
(9)
(2
)
(3
)
(2
)
(2
)
(1
)