Henry Schein 2003 Annual Report Download - page 61

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HENRY SCHEIN, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(In thousands, except share and per share data)
Note 14–Supplemental Cash Flow Information
Cash paid for interest and income taxes was:
Years ended
December 27, December 28, December 29,
2003 2002 2001
Interest $16,595 $17,217 $17,541
Income taxes 58,405 63,196 37,222
During the year ended December 27, 2003, as part of $155.0 million in acquisitions, we assumed $36.8 million in liabilities resulting in net
cash payments of $118.2 million. During the year ended December 28, 2002, we had no significant non-cash investing or financing
activities. During the year ended December 29, 2001, as part of a $10.1 million acquisition, we assumed $1.5 million in liabilities resulting
in a net cash payment of $8.6 million.
Note 15–Quarterly Information (Unaudited)
The following presents certain quarterly financial data:
Quarters ended
March 29, June 28, September 27, December 27,
2003 2003 2003 2003
Net sales $737,997 $776,166 $892,718 $946,924
Gross profit 201,417 220,529 251,500 253,748
Operating income (2) 42,205 56,030 76,400 59,084
Net income from continuing
operations (1) (2) 24,766 32,855 46,359 35,542
Net income (1) (2) 24,766 32,855 44,347 35,542
Net income from continuing
operations per common share:
Basic $ 0.56 $ 0.76 $ 1.06 $ 0.81
Diluted (4) 0.55 0.74 1.03 0.79
Quarters ended
March 30, June 29, September 28, December 28,
2002 2002 2002 2002
Net sales $647,093 $671,432 $759,073 $747,403
Gross profit 178,390 192,396 216,472 207,646
Operating income (3) 35,198 46,989 64,285 50,531
Net income (3) 19,730 28,066 39,228 30,963
Net income per common share:
Basic $ 0.46 $ 0.65 $ 0.90 $ 0.70
Diluted (4) 0.45 0.63 0.87 0.69
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