Express 2012 Annual Report Download - page 33

ITEM 6. SELECTED FINANCIAL DATA.
SELECTED HISTORICAL CONSOLIDATED FINANCIAL AND OPERATING DATA
The following tables set forth our selected historical consolidated financial and operating data as of the dates and
for the periods indicated. The selected historical consolidated financial and operating data as of February 2, 2013
and January 28, 2012 and for the years ended February 2, 2013, January 28, 2012, and January 29, 2011 are
derived from our audited Consolidated Financial Statements included elsewhere in this Annual Report on Form
10-K. The selected historical consolidated financial data as of January 29, 2011, January 30, 2010 and
January 31, 2009, and the selected operating data for the periods ended January 30, 2010 and January 31, 2009
are derived from our audited Consolidated Financial Statements, which are not included herein.
The selected historical consolidated data presented below should be read in conjunction with the sections entitled
“Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and
our Consolidated Financial Statements and the related Notes and other financial data included elsewhere in this
Annual Report on Form 10-K.
Year Ended
2012* 2011 2010 2009 2008
(dollars in thousands, excluding net sales per gross square foot and per
share data)
Statement of Operations Data:
Net sales ................................. $2,148,069 $2,073,355 $1,905,814 $1,721,066 $1,737,010
Cost of goods sold, buying and occupancy
costs .................................. 1,405,430 1,318,894 1,227,490 1,175,088 1,280,018
Gross profit .............................. 742,639 754,461 678,324 545,978 456,992
Selling, general, and administrative expenses .... 491,599 483,823 461,073 409,198 447,071
Other operating (income) expense, net ......... (523) (308) 18,000 9,943 6,007
Operating income .......................... 251,563 270,946 199,251 126,837 3,914
Interest expense ........................... 19,555 35,804 59,493 53,222 36,531
Interest income ............................ (3) (12) (16) (484) (3,527)
Other (income) expense, net ................. 40 (411) (1,968) (2,444) (300)
Income (loss) before income taxes ............ 231,971 235,565 141,742 76,543 (28,790)
Income tax expense (1) ...................... 92,704 94,868 14,354 1,236 246
Net income (loss) .......................... $ 139,267 $ 140,697 $ 127,388 $ 75,307 $ (29,036)
Dividends declared per share ................. $ — $ — $ 0.56 $ — $ —
Earnings per share:
Basic ................................... $ 1.60 $ 1.59 $ 1.49 $ 1.01 $ (0.40)
Diluted .................................. $ 1.60 $ 1.58 $ 1.48 $ 1.00 $ (0.40)
Weighted average shares outstanding: (2)
Basic ................................... 86,852 88,596 85,369 74,566 72,516
Diluted .................................. 87,206 88,896 86,050 75,604 72,516
Other Financial and Operating Data:
Comparable sales change (3) .................. — % 6% 10% (4)% (3)%
Comparable sales change (excluding e-commerce
sales) (3) ............................... (3)% 3% 7% (6)% (3)%
Net sales per gross square foot (4) ............. $ 349 $ 355 $ 346 $ 321 $ 337
Total gross square feet (in thousands)
(average) .............................. 5,307 5,196 5,029 5,033 5,060
Number of stores (at year end) ............... 625 609 591 573 581
Capital expenditures ....................... $ 99,674 $ 77,176 $ 54,843 $ 26,853 $ 50,551
Balance Sheet Data (at period end):
Cash and cash equivalents ................... $ 256,297 $ 152,362 $ 187,762 $ 234,404 $ 176,115
Working capital (excluding cash and cash
equivalents) (5) .......................... (53,211) (31,536) (56,054) (65,794) (28,317)
Total assets ............................... 1,019,199 866,320 862,749 869,554 860,413
Total debt (including current portion) .......... 198,843 198,539 367,407 416,763 498,478
Total stockholders’ equity ................... $ 371,162 $ 281,147 $ 130,162 $ 141,453 $ 97,099
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