Henry Schein 2003 Annual Report Download - page 18

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SELECTED FINANCIAL DATA
The following selected financial data, with respect to our financial position and results of operations for each of the five years in the period
ended December 27, 2003, set forth below, has been derived from our consolidated financial statements. The selected financial data
presented below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” and our consolidated financial statements.
Years ended
December 27, December 28, December 29, December 30, December 25,
2003 2002 2001 2000 1999
(In thousands, except per share data)
Statements of Operations Data:
Net sales $3,353,805 $2,825,001 $2,558,243 $2,381,721 $2,284,544
Gross profit 927,194 794,904 699,324 647,901 608,596
Selling, general and administrative
expenses 693,475 598,635 551,574 520,288 489,364
Merger, integration and
restructuring (credits) costs (1) –– (734) –– 15,024 13,467
Operating income 233,719 197,003 147,750 112,589 105,765
Other expense, net (7,943) (6,574) (7,399) (16,055) (15,982)
Income before taxes on income,
minority interest, equity in
earnings (losses) of affiliates
and loss on sale of discontinued
operation 225,776 190,429 140,351 96,534 89,783
Taxes on income
from continuing operations (84,378) (70,510) (51,930) (36,150) (35,589)
Minority interest in net income
of subsidiaries (2,807) (2,591) (1,462) (1,757) (1,690)
Equity in earnings (losses)
of affiliates 931 659 414 (1,878) (2,192)
Net income from continuing
operations 139,522 117,987 87,373 56,749 50,312
Loss on sale of discontinued
operation, net of tax (2) (2,012) –– –– –– ––
Net income $ 137,510 $ 117,987 $ 87,373 $ 56,749 $ 50,312
Net income from continuing operations
per common share:
Basic $ 3.19 $ 2.71 $ 2.06 $ 1.38 $ 1.24
Diluted 3.10 2.63 2.01 1.35 1.21
Net income per common share:
Basic $ 3.15 $ 2.71 $ 2.06 $ 1.38 $ 1.24
Diluted 3.06 2.63 2.01 1.35 1.21
Weighted-average common
shares outstanding:
Basic 43,709 43,489 42,366 41,244 40,585
Diluted 44,988 44,872 43,545 42,007 41,438
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