Foot Locker 2009 Annual Report Download - page 2

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This report contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical facts,
that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including, but not limited to, such
things as future capital expenditures, expansion, strategic plans, financial objectives, dividend payments, stock repurchases, growth of the Company’s
business and operations, including future cash flows, revenues and earnings, and other such matters are forward-looking statements. These forward-looking
statements are based on many assumptions and factors detailed in the Company’s filings with the Securities and Exchange Commission, including the
Annual Report on Form 10-K for the 2009 fiscal year. Any changes in such assumptions or factors could produce significantly different results. The Company
undertakes no obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise.
ABOUT THE COMPANY
Foot Locker, Inc. (NYSE: FL) is the world’s leading
retailer of athletically inspired footwear and apparel.
Headquartered in New York City, it operates 3,500
athletic retail stores in 21 countries in North America,
Europe and Australia under the brand names Foot
Locker, Lady Foot Locker, Kids Foot Locker, Footaction,
Champs Sports and CCS.
Additionally, the Company’s Footlocker.com/Eastbay/
CCS business operates a direct-to-customers business
offering athletic footwear, apparel and equipment
through its Internet and catalog channels.
FINANCIAL HIGHLIGHTS
(Millions, except per share amounts)
2005 2006 2007 2008 2009
Sales $ 5,653 $ 5,750 $ 5,437 $ 5,237 $ 4,854
Adjusted Financial Results:*
Income from continuing operations $ 263 $ 259 $ 62 $ 106 $ 85
Diluted EPS from continuing operations $ 1.67 $ 1.66 $ 0.40 $ 0.68 $ 0.54
Cash, cash equivalents and short-term
investment position, net of debt $ 261 $ 236 $ 272 $ 266 $ 451
Net debt capitalization percent** 45.2% 44.4% 45.1% 46.7% 43.0%
Book value per share*** $ 13.04 $ 14.74 $ 14.63 $ 12.42 $ 12.44
* See page 12 of Form 10-K for reconciliation of GAAP to non-GAAP adjusted results
** See page 20 of Form 10-K for definition
*** Shareholders’ equity divided by common shares outstanding
TABLE OF CONTENTS
Our Businesses ......................................................... 1
Letter to Shareholders ............................................. 2
Strategic Vision/Strategic Priorities/
Long-Term Financial Objectives ............................. 5
Our Brands ............................................................... 6
Our Markets ............................................................. 8
Our Partners ............................................................. 9
Our People ............................................................... 10
Our Community ....................................................... 12
Board of Directors, Corporate Management,
Division Management, Corporate Information ....... IBC