Foot Locker 2013 Annual Report Download - page 36

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Item 6. Selected Financial Data
FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA
The selected financial data below should be read in conjunction with the Consolidated Financial Statements
and the Notes thereto and other information contained elsewhere in this report.
($ in millions, except per share amounts) 2013 2012
(1)
2011 2010 2009
Summary of Continuing Operations
Sales $6,505 6,182 5,623 5,049 4,854
Gross margin 2,133 2,034 1,796 1,516 1,332
Selling, general and administrative expenses 1,334 1,294 1,244 1,138 1,099
Impairment and other charges 212 5 10 41
Depreciation and amortization 133 118 110 106 112
Interest expense, net 556910
Other income (4) (2) (4) (4) (3)
Income from continuing operations, after-tax 429 397 278 169 47
Per Common Share Data
Basic earnings 2.89 2.62 1.81 1.08 0.30
Diluted earnings 2.85 2.58 1.80 1.07 0.30
Common stock dividends declared per share 0.80 0.72 0.66 0.60 0.60
Weighted-average Common Shares Outstanding
Basic earnings 148.4 151.2 153.0 155.7 156.0
Diluted earnings 150.5 154.0 154.4 156.7 156.3
Financial Condition
Cash, cash equivalents, and short-term investments $ 867 928 851 696 589
Merchandise inventories 1,220 1,167 1,069 1,059 1,037
Property and equipment, net 590 490 427 386 387
Total assets 3,487 3,367 3,050 2,896 2,816
Long-term debt and obligations under capital leases 139 133 135 137 138
Total shareholders’ equity 2,496 2,377 2,110 2,025 1,948
Financial Ratios
Sales per average gross square foot
(2)
$ 460 443 406 360 333
Earnings before interest and taxes (EBIT)
(3)
668 612 441 266 83
EBIT margin
(3)
10.3% 9.9 7.8 5.3 1.7
EBIT margin (non-GAAP)
(4)
10.4% 9.9 7.9 5.4 2.8
Net income margin
(3)
6.6% 6.4 4.9 3.3 1.0
Net income margin (non-GAAP)
(4)
6.6% 6.2 5.0 3.4 1.8
Return on assets (ROA) 12.5% 12.4 9.4 5.9 1.7
Return on invested capital (ROIC)
(4)
14.1% 14.2 11.8 8.3 5.3
Net debt capitalization percent
(4),(5)
42.5% 37.2 36.0 39.0 43.0
Current ratio 3.8 3.7 3.8 4.0 4.1
Other Data
Capital expenditures $ 206 163 152 97 89
Number of stores at year end 3,473 3,335 3,369 3,426 3,500
Total selling square footage at year end (in millions) 7.47 7.26 7.38 7.54 7.74
Total gross square footage at year end (in millions) 12.71 12.32 12.45 12.64 12.96
(1) 2012 represents the 53 weeks ended February 2, 2013.
(2) Calculated as Athletic Store sales divided by the average monthly ending gross square footage of the last thirteen months. The
computation for each of the years presented reflects the foreign exchange rate in affect for such year. The 2012 amount has been
calculated excluding the sales of the 53
rd
week.
(3) Calculated using results from continuing operations.
(4) See Item 7, ‘‘Management’s Discussion and Analysis of Financial Condition and Results of Operations’’ for additional information and
calculation.
(5) Represents total debt and obligations under capital leases, net of cash, cash equivalents, and short-term investments. Additionally,
this calculation includes the present value of operating leases, and accordingly is considered a non-GAAP measure.
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