Express 2015 Annual Report Download - page 21

Table of Contents
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The following tables set forth our key financial measures and 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 January 30, 2016 and January 31, 2015 and for the years ended
January 30, 2016, January 31, 2015, and February 1, 2014 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 February 1, 2014, February 2, 2013, and January 28, 2012, and the selected
operating data for the periods ended February 2, 2013 and January 28, 2012 are derived from our audited Consolidated Financial Statements, which are not
included herein.
The following selected historical consolidated data presented 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.
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    


Net sales $ 2,350,129 $ 2,165,481 $ 2,219,125 $ 2,157,227 $ 2,080,459
Cost of goods sold, buying and occupancy costs $ 1,554,852 $ 1,504,527 $ 1,501,418 $ 1,414,588 $ 1,325,998
Gross profit $ 795,277 $ 660,954 $ 717,707 $ 742,639 $ 754,461
Selling, general, and administrative expenses $ 587,747 $ 524,041 $ 504,277 $ 491,599 $ 483,823
Operating income $ 207,238 $ 136,597 $ 214,259 $ 251,563 $ 270,946
Net income $ 116,513 $ 68,325 $ 116,539 $ 139,267 $ 140,697
Dividends declared per share $ — $ — $ — $ — $ —

Basic $ 1.39 $ 0.81 $ 1.38 $ 1.60 $ 1.59
Diluted $ 1.38 $ 0.81 $ 1.37 $ 1.60 $ 1.58
Weighted Average Diluted Shares Outstanding 84,591 84,554 85,068 87,206 88,896

Comparable sales (1) 6% (5)% 3 % — % 6%
Comparable sales (excluding e-commerce sales) (1) 4% (7)% (1)% (3)% 3%
Net sales per gross square foot (2) $ 343 $ 320 $ 338 $ 349 $ 355
Total gross square feet (in thousands) (average) 5,573 5,529 5,439 5,307 5,196
Number of stores (at year end) 653 641 632 625 609
Capital expenditures $ 115,343 $ 115,088 $ 105,368 $ 99,674 $ 77,176

Cash and cash equivalents $ 186,903 $ 346,159 $ 311,884 $ 256,297 $ 152,362
Working capital (excluding cash and cash equivalents )(3) 19,113 20,618 (27,630) (53,211) (31,536)
Total assets 1,178,644 1,278,150 1,182,670 1,019,199 866,320
Total debt — 199,527 199,170 198,843 198,539
Total stockholders' equity $ 617,953 $ 556,339 $ 474,569 $ 371,162 $ 281,147
* 2012 represents a 53-week year.
(1) Comparable sales have been calculated based upon stores that were open at least twelve full months as of the end of the reporting period. For 2013, comparable sales were calculated based on the 52-week period
ended February 1, 2014 compared to the 52-week period ended February 2, 2013. For 2012, comparable sales were calculated based upon the 53-week period ended February 2, 2013 compared to the 53-week period
ended February 4, 2012.
(2) Net sales per gross square foot is calculated by dividing net sales for the applicable period by the average gross square footage during such period. For the purpose of calculating net sales per gross square foot, e-
commerce sales and other revenues are excluded from net sales.
(3) Working capital is defined as current assets, less cash and cash equivalents, less current liabilities.
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