Napa Auto Parts 2007 Annual Report Download - page 15

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Selected฀Financial฀Data
(in thousands, except per share data)
Year ended December 31, 2007 2006 2005 2004 2003
Net sales $ 10,843,195 $ 10,457,942 $ 9,783,050 $ 9,097,267 $ 8,449,300
Cost of goods sold* 7,625,972 7,353,447 6,884,964 6,439,544 5,992,684
Operating and non-operating expenses, net* 2,400,478 2,333,579 2,189,022 2,021,804 1,884,873
Income before taxes and accounting change 816,745 770,916 709,064 635,919 571,743
Income taxes 310,406 295,511 271,630 240,367 218,101
Income before cumulative effect of a change
in accounting principle 506,339 475,405 437,434 395,552 353,642
Cumulative effect of a change
in accounting principle** - - - - 19,541
Net income $ 506,339 $ 475,405 $ 437,434 $ 395,552 $ 334,101
Weighted average common shares
outstanding during year -
assuming dilution 170,135 172,486 175,007 175,660 174,480
Per common share:
Diluted net income, excluding
cumulative effect $ 2.98 $ 2.76 $ 2.50 $ 2.25 $ 2.03
Diluted net income 2.98 2.76 2.50 2.25 1.91
Dividends declared 1.46 1.35 1.25 1.20 1.18
December 31 closing stock price 46.30 47.43 43.92 44.06 33.20
Long-term debt, less current maturities 250,000 500,000 500,000 500,000 625,108
Shareholders’ equity 2,716,716 2,549,991 2,693,957 2,544,377 2,312,283
Total assets $ 4,774,069 $ 4,496,984 $ 4,771,538 $ 4,455,247 $ 4,127,956
* e Company reclassified certain warehousing, distribution and handling costs from operating expenses to cost of goods sold for all periods presented.
ese costs amount to $176 million, $171 million, $166 million, $172 million and $166 million for fiscal years 2007, 2006, 2005, 2004 and 2003, respectively.
e reclassification had no effect on net sales, operating margins, or net income.
** e cumulative effect of a change in accounting principle in 2003 represents a non-cash charge related to cash consideration received from vendors in
conjunction with the Financial Accounting Standards Board’s EITF 02-16.
Market฀Price฀and฀Dividend฀Information
High and Low Sales Price and Dividends per Common Share Traded on the New York Stock Exchange
Sales Price of Common Shares
Quarter 2007 2006
High Low High Low
First $50.75 $46.19 $45.74 $41.41
Second 51.65 48.39 46.16 40.00
ird 51.68 46.00 43.90 40.09
Fourth 50.97 46.30 48.34 42.60
Dividends Declared Per Share
2007 2006
First $0.3650 $0.3375
Second 0.3650 0.3375
ird 0.3650 0.3375
Fourth 0.3650 0.3375
Number of Record Holders of Common Stock as of December 31, 2007: 6,538
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