O'Reilly Auto Parts 2008 Annual Report Download - page 22

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PG.20 O’REILLY AUTOMOTIVE 2008 ANNUAL REPORT
SELECTED FINANCIAL DATA (CONTINUED)
(In thousands, except per share data)
Years ended December 31, 2008 2007 2006
SELECTED OPERATING DATA:
Number of stores at year-end (a) 3,285 1,830 1,640
Total store square footage at year-end (in 000’s)(a)(b) 23,205 12,439 11,004
Sales per weighted-average store (in 000’s)(a)(b) $ 1,379 $ 1,430 $ 1,439
Sales per weighted-average square foot (b) $ 201 $ 212 $ 215
Percentage increase in same store sales (c)(d) 1.5% 3.7% 3.3%
BALANCE SHEET DATA:
Working capital $ 821,932 $ 573,328 $ 566,892
Total assets 4,193,317 2,279,737 1,977,496
Current portion of long-term debt and short-term debt 8,131 25,320 309
Long-term debt, less current portion 724,564 75,149 110,170
Shareholders’ equity 2,282,218 1,592,477 1,364,096
(a) Store count for 2002 does not include 27 stores acquired from Dick Smith Enterprises and Davie Automotive, Inc. in December 2002.
(b) Total square footage includes normal selling, oce, stockroom and receiving space. Sales per weighted-average store and square foot are weighted to consider the
approximate dates of store openings or expansions.
(c) Same-store sales are calculated based on the change in sales of stores open at least one year. Prior to 2000, same-store sales data was calculated based on the change
in sales of only those stores open during both full periods being compared. Percentage increase in same-store sales is calculated based on store sales results, which
exclude sales of specialty machinery, sales by outside salesmen and sales to team members.
(d) Same-store sales for 2008 includes sales for stores acquired in the CSK acquisition. Comparable stores sales for O’Reilly stores open at least one year increased 2.6%
for the year ended December 31, 2008. Comparable stores sales for CSK stores open at least one year decreased 1.7% for the portion of CSK’s sales in 2008 since
the July 11, 2008, acquisition.