Ingram Micro 2013 Annual Report Download - page 22

Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
SELECTED CONSOLIDATED FINANCIAL DATA
The following table presents our selected consolidated financial data. The information set forth below should be read in conjunction with “Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the historical consolidated financial statements and notes
thereto, included elsewhere in this Annual Report on Form 10-K. Over the last five years, we have made a number of acquisitions, including BrightPoint in
October 2012. The results of the acquired entities have been included in our consolidated financial statements since their respective dates of acquisition.
Our fiscal year is a 52-week or 53-week period ending on the Saturday nearest to December 31. References below to "2013," “2012,” “2011,” “2010,”
and “2009” represent the fiscal years ended December 28, 2013 (52-weeks), December 29, 2012 (52-weeks), December 31, 2011 (52-weeks), January 1,
2011 (52-weeks) and January 2, 2010 (52-weeks), respectively.
2013
2012
2011
2010
2009
($ in 000s, except per share data)
Selected Operating Information
Net sales $42,553,918
$37,827,299
$ 36,328,701
$34,588,984
$29,515,446
Gross profit 2,489,557
2,035,389
1,908,282
1,892,291
1,670,209
Income from operations (1) 514,875
462,352
458,646
484,433
295,940
Income before income taxes 436,099
396,184
387,871
438,061
269,248
Net income (2) 310,583
305,909
244,240
318,060
202,138
Basic earnings per share 2.03
2.03
1.57
1.98
1.24
Diluted earnings per share 1.99
1.99
1.53
1.94
1.22
Selected Balance Sheet Information
Cash and cash equivalents $ 674,390
$595,147
$891,403
$1,155,551
$910,936
Total assets 11,791,195
11,480,448
9,146,516
9,084,032
8,179,350
Total debt 846,226
1,054,543
392,428
636,401
379,495
Stockholders’ equity 3,949,625
3,611,253
3,272,777
3,241,182
3,011,813
(1) Includes (i) net reorganization costs of $34,629, $9,676, $5,131, $1,137 and $34,083 in 2013, 2012, 2011, 2010 and 2009, respectively;
(ii) acquisition, integration and other transition costs of $29,933 and $16,365 in 2013 and 2012, respectively, primarily related to professional,
consulting and integration costs associated with our acquisition of BrightPoint and asset impairments associated with the closure of our in-country
Argentina operations, charged to selling, general and administrative, or SG&A, expenses; and (iii) a recovery of $29,494 from the settlement of a
class action lawsuit against the manufacturers of LCD flat panel displays, which was recorded as a reduction of SG&A expense in 2013.
(2) Includes the after-tax impact of items noted in footnote (1) above. Includes a net discrete tax benefit of $18,854 in 2013 primarily related to the release
of valuation allowance on deferred tax assets and the release of uncertain tax position liabilities. Includes net discrete tax benefits of $34,890 in 2012,
primarily related to the write-off of the historical tax basis of the investment we had maintained in one of our Latin American subsidiary holding
companies and a tax benefit related to the partial release of a valuation allowance that had previously been recorded against foreign tax credit
carryforwards maintained in the U.S., partially offset by a tax charge for a valuation allowance recorded against our deferred tax assets in Australia.
Also includes a non-cash income tax charge of $24,810 in 2011 for a valuation allowance recorded against our deferred tax assets in Brazil.
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