Home Shopping Network 2013 Annual Report Download - page 20

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18
ITEM 6. SELECTED FINANCIAL DATA
The following table presents selected consolidated financial data for HSNi. The information in this table is not
necessarily indicative of future performance and should be read in conjunction with “Management's Discussion and Analysis of
Financial Condition and Results of Operations,” and our audited consolidated financial statements and related notes included
herein.
For information about the shares used in computing earnings per share, see Note 10 of Notes to Consolidated Financial
Statements.
Year Ended December 31,
2013 2012 2011 2010 2009
(In thousands, except per share data)
Statement of Operations Data:
Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,403,983 $ 3,266,739 $ 3,069,356 $ 2,884,308 $ 2,635,959
Operating income. . . . . . . . . . . . . . . . . . . . . . . . 282,654 258,744 239,042 198,803 163,540
Income from continuing operations. . . . . . . . . . 178,449 136,497 127,652 100,441 77,309
Net income (1) . . . . . . . . . . . . . . . . . . . . . . . . . . 178,449 130,675 123,070 98,523 72,488
Income from continuing operations per share:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3.33 $ 2.42 $ 2.18 $ 1.75 $ 1.37
Diluted. . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3.25 $ 2.36 $ 2.10 $ 1.69 $ 1.35
Net income per share:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3.33 $ 2.32 $ 2.10 $ 1.72 $ 1.29
Diluted. . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3.25 $ 2.25 $ 2.03 $ 1.65 $ 1.26
Shares used in computing earnings per share:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53,640 56,314 58,636 57,414 56,383
Diluted. . . . . . . . . . . . . . . . . . . . . . . . . . . . 54,857 57,956 60,689 59,546 57,330
Dividends declared per common share . . . . . . . $ 0.79 $ 0.555 $ 0.125 $ — $ —
Balance Sheet Data (end of period):
Working capital . . . . . . . . . . . . . . . . . . . . . . . . . $ 391,147 $ 384,868 $ 505,901 $ 451,406 $ 332,964
Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,337,923 1,331,952 1,394,973 1,345,743 1,218,650
Total debt, including current maturities. . . . . . . 240,625 250,000 239,111 308,758 338,722
Other long-term liabilities, including deferred
income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . 104,606 94,988 101,947 100,107 90,372
(1) Loss from discontinued operations for the periods presented includes the income and losses for The Territory Ahead and
Smith+Noble, two brands sold by Cornerstone in 2012.