Foot Locker 2012 Annual Report Download - page 2

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ABOUT THE COMPANY
FINANCIAL HIGHLIGHTS*
2008 2009 2010 2011 2012
Sales** $ 5,237 $ 4,854 $ 5,049 $ 5,623 $ 6,101
Sales per Gross Square Foot $ 350 $ 333 $ 360 $ 406 $ 443
Adjusted Financial Results:
Earnings Before Interest and Taxes** $ 164 $ 138 $ 274 $ 446 $ 602
EBIT Margin 3.1% 2.8% 5.4% 7.9% 9.9%
Net Income** $ 106 $ 85 $ 173 $ 281 $ 380
Net Income Margin 2.0% 1.8% 3.4% 5.0% 6.2%
Diluted EPS from Connuing Operaons $ 0.68 $ 0.54 $ 1.10 $ 1.82 $ 2.47
Return on Invested Capital 5.4% 5.3% 8.3% 11.8% 14.2%
Cash, Cash Equivalents and Short-Term
Investment Posion, Net of Debt** $ 266 $ 451 $ 559 $ 716 $ 795
* Results in this table and throughout pages 1 through 15 refer to non-GAAP, adjusted gures.
See pages 15-17 of Form 10-K for the reconciliaon of GAAP to non-GAAP adjusted results.
** In Millions
Foot Locker, Inc. (NYSE: FL) is a leading global retailer of
athlecally inspired shoes and apparel. Headquartered
in New York City, the Company operates 3,335 athlec
retail stores in 23 countries in North America, Europe,
Australia, and New Zealand under the brand names Foot
Locker, Lady Foot Locker, Kids Foot Locker, Footacon,
Champs Sports, SIX:02, and The Locker Room.
The Company also operates a direct-to-customers
business oering athlec footwear, apparel, and
equipment through its internet, mobile, and catalog
channels. In addion to websites for each of the store
banners, such as footlocker.com, the direct-to-customer
business includes Eastbay, a leading desnaon for the
serious athlete, and CCS, a leading desnaon for the
board-inspired lifestyle enthusiast.
ATHLETIC CONNOISSEUR
“SNEAKER CENTRAL”
footlocker.com
TABLE OF CONTENTS
Financial Highlights.................................................... 1
Our Businesses .......................................................... 1
Leer to Shareholders ............................................... 3
Our Vision, Core Values, Strategies & Goals .............. 6
Clear Customer Focus ................................................ 7
Excing Places to Shop .............................................. 9
High-Potenal Business Segments ............................ 11
Brand Expansion ........................................................ 13
Producve Assets ...................................................... 15
Industry Leading Team .............................................. 16
Community ................................................................ 17
Form 10-K .................................................................. 18
Board of Directors, Corporate Management,
Division Management, Corporate Informaon ......... IBC
OUR BUSINESSES
1