Ingram Micro 1999 Annual Report Download - page 48

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4466
Ingram Micro
Annual Report
Note 10 — Segment Information
The Company operates predominantly in a single industry segment as a distributor of information technology products and
services.The Company’s reportable operating segments are based on geographic location, and the measure of segment profit is
income from operations.The accounting policies of the segments are the same as those described in the summary of significant
accounting policies. Geographic areas in which the Company operates include the United States, Europe (Austria, Belgium,
Denmark, Finland, France, Germany, Hungary, Italy,The Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the
United Kingdom) and Other international (Argentina,Australia, Brazil, Canada, Chile, China, India, Indonesia, Malaysia, Mexico,
New Zealand, Peru, Singapore, and Thailand). Inter-geographic sales primarily represent intercompany sales which are accounted
for based on established sales prices between the related companies and are eliminated in consolidation.
Financial information by geographic segments is as follows:
Fiscal Year
1999 1998 1997
Net sales:
United States
Sales to unaffiliated customers $16,813,414 $14,393,295 $11,539,623
Inter-geographic sales 183,208 163,199 190,765
Europe 7,344,142 5,624,074 3,352,451
Other International 3,911,086 2,016,669 1,689,465
Eliminations of inter-geographic sales (183,208) (163,199) (190,765)
Total $28,068,642 $22,034,038 $16,581,539
Income from operations:
United States $143,496 $397,194 $304,003
Europe 19,118 62,172 41,045
Other International 37,390 27,239 31,531
Total $200,004 $486,605 $376,579
Identifiable assets:
United States $5,827,382 $3,939,573 $3,139,114
Europe 1,644,354 2,051,827 1,180,792
Other International 800,191 742,004 612,245
Total $8,271,927 $6,733,404 $4,932,151
Capital expenditures:
United States $93,059 $119,838 $82,281
Europe 27,192 19,109 13,749
Other International 15,009 4,289 5,428
Total $135,260 $143,236 $101,458
Depreciation and amortization:
United States $54,819 $44,067 $32,333
Europe 23,668 15,904 9,538
Other International 19,114 7,971 5,964
Total $97,601 $67,942 $47,835
No single customer accounts for 10% or more of the Company’s net sales.
continued
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