Henry Schein 2005 Annual Report Download - page 18

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December 31, December 25, December 27, December 28, December 29,
2005 2004 (1) 2003 (1) 2002 (1) 2001 (1)
(in thousands, except per share data)
Income Statement Data:
Net sales $4,635,929 $3,898,485 $3,194,031 $2,675,645 $2,413,050
Gross profit 1,316,936 1,054,465 908,163 771,538 680,919
Selling, general and administrative expenses
(2)
1,035,848 844,715 675,867 581,685 537,878
Operating income 281,088 209,750 232,296 189,853 143,041
Other expense, net (16,534) (11,121) (8,973) (6,933) (7,640)
Income from continuing operations before taxes, minority interest and
equity in earnings of affiliates 264,554 198,629 223,323 182,920 135,401
Income taxes from continuing operations (97,002) (73,506) (83,373) (67,281) (49,925)
Minority interest in net income of subsidiaries (5,991) (1,486) (2,807) (2,591) (1,462)
Equity in earnings of affiliates 827 1,699 931 659 414
Income from continuing operations 162,388 125,336 138,074 113,707 84,428
Income (loss) from discontinued operations, net of tax (11,062) 2,847 (564) 4,280 2,945
Net income $ 151,326 $ 128,183 $ 137,510 $ 117,987 $ 87,373
Earnings from continuing operations per share:
Basic $ 1.87 $ 1.44 $ 1.58 $ 1.31 $ 1.00
Diluted 1.82 1.40 1.53 1.27 0.97
Earnings (loss) from discontinued operations per share:
Basic $ (0.13) $ 0.03 $ (0.01) $ 0.05 $ 0.03
Diluted (0.12) 0.03 0.00 0.04 0.03
Earnings per share:
Basic $ 1.74 $ 1.47 $ 1.57 $ 1.36 $ 1.03
Diluted 1.70 1.43 1.53 1.31 1.00
Weighted-average common shares outstanding:
Basic 87,006 87,253 87,417 86,978 84,732
Diluted 89,187 89,462 89,975 89,744 87,090
1995 â–²2005
HENRY SCHEIN
16
Selected Financial Data
The following selected financial data, with respect to our financial position and results of operations for each of the five years, set forth below, has been derived from, and should be read in
conjunction with and is qualified in its entirety by reference to, our consolidated financial statements and notes thereto. The selected financial data presented below should also be read in
conjunction with ITEM 7, "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and ITEM 8, "Financial Statements and Supplementary Data" in the
accompanying Form 10-K.
Net Sales by Market Data:
Healthcare Distribution
(3)
Dental
(4)
$1,896,643 $1,602,457 $1,364,812 $1,227,273 $1,121,394
Medical
(5)
1,394,121 1,284,279 1,178,310 944,600 837,376
International
(6)
1,256,910 928,207 576,628 437,046 398,071
Total Healthcare Distribution 4,547,674 3,814,943 3,119,750 2,608,919 2,356,841
Technology
(7)
88,255 83,542 74,281 66,726 56,209
Total $4,635,929 $3,898,485 $3,194,031 $2,675,645 $2,413,050
As of
December 31, December 25, December 27, December 28, December 29,
2005 2004 2003 2002 2001
(in thousands)
Balance Sheet Data:
Total assets $2,583,120 $2,433,670 $1,819,370 $1,558,052 $1,385,428
Long-term debt 489,520 525,682 247,100 242,561 242,169
Minority interest 12,353 12,438 11,532 6,748 6,786
Stockholders' equity 1,229,544 1,106,053 1,004,118 861,217 680,457
Years ended