Ingram Micro 2001 Annual Report Download - page 18

Ingram Micro Inc. Consolidated Statement of Stockholders’ Equity
Accumulated
Additional Other
Commons Stock Paid-in Retained Comprehensive Unearned
(Dollars in OOOs) Class A Class B Capital Earnings Income (Loss) Compensation Total
January 2, 1999 $ 665 $ 743 $ 591,235 $ 811,616 $ (4,914) $ (88) $ 1,399,257
Noncash compensation charge
related to stock options 1,978 1,978
Stock options exercised 17 7,387 7,404
Income tax benefit from
exercise of stock options 13,428 13,428
Vesting of Redeemable
Class B Common Stock 6 3,901 3,907
Conversion of Class B to Class
A Common Stock 22 (22) -
Grant of restricted Class A
Common Stock 3 3,455 (3,458) -
Issuance of Class A Common
Stock related to Employee
Stock Purchase Plan 5 12,534 12,539
Warrants issued 11,264 11,264
Amortization of unearned
compensation 450 450
Comprehensive income 183,419 333,199 516,618
January 1, 2000 712727 645,182 995,035 328,285 (3,096) 1,966,845
Noncash compensation charge
related to stock options 1,493 1,493
Stock options exercised 16 10,381 10,397
Income tax benefit from
exercise of stock options 2,671 2,671
Vesting of Redeemable
Class B Common Stock 6 3,705 3,71 1
Conversion of Class B to Class
A Common Stock 29 (29) -
Forfeiture of restricted Class A
Common Stock (485) 192 (293)
Issuance of Class A Common
Stock related to Employee
Stock Purchase Plan 1 1,893 1,894
Amortization of unearned
compensation 1,722 1,722
Comprehensive income (loss) 226,173 (340,221) (114,048)
December 30, 2000 758704 664,840 1,221,208 (11,936) (1,182) 1,874,392
Stock options exercised 26 19,886 19,912
Income tax benefit from
exercise of stock options 4,927 4,927
Conversion of Class B to Class A
Common Stock 704 (704) -
Grant of restricted Class A
Common Stock 1 789 (790) -
Issuance of Class A Common
Stock related to Employee
Stock Purchase Plan 1 1,516 1,517
Amortization of unearned
compensation 1,293 1,293
Comprehensive income (loss) 6,737 (41,480) (34,743)
December 29, 2001 $ 1,490 $ - $ 691,958 $ 1,227,945 $ (53,416) $ (679) $ 1,867,298
See accompanying notes to these consolidated financial statements.
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Ingram Micro Inc. Consolidated Statement of Income
(Dollars in 000s, except per share data) Fiscal Year 2001 2000 1999
Net sales $ 25,186,933 $ 30,715,149 $ 28,068,642
Cost of sales 23,857,034 29,158,851 26,732,479
Gross profit 1,329,899 1,556,298 1,336,16 3
Expenses:
Selling, general and administrative 1,1 72,665 1,202,861 1,1 15,854
Reorganization costs 41,411 - 20,305
Special items 22,893 - -
1,236,969 1,202,861 1,136,159
Income from operations 92,930 353,437 200,004
Other expense (income):
Interest income (16,256) (8,527) (4,338)
Interest expense 55,624 88,726 101,691
Losses on sales of receivables 20,332 13,351 7,223
Gain on sale of available-for-sale securities - (111,458) (201,318)
Other 17,295 8,836 6,253
76,995 (9,072) (90,489)
Income before income taxes
and extraordinary item 15,935 362,509 290,493
Provision for income taxes 6,588 138,756 1 10,852
Income before extraordinary item 9,347 223,753 179,641
Extraordinary gain (loss) on repurchase of debentures,
net of ($1,634), $1,469 and $2,405 in income taxes (2,610) 2,420 3,778
Net income $ 6,737 $ 226,173 $ 183,419
Basic earnings per share:
Income before extraordinary item $ 0.06 $ 1.54 $ 1.25
Extraordinary gain (loss) on repurchase of debentures (0.01) 0.01 0.03
Net income $ 0.05 $ 1.55 $ 1.28
Diluted earnings per share:
Income before extraordinary item $ 0.06 $ 1.51 $ 1.21
Extraordinary gain (loss) on repurchase of debentures (0.02) 0.01 0.03
Net income $ 0.04 $ 1.52 $ 1.24
See accompanying notes to these consolidated financial statements.
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