Office Depot 2000 Annual Report Download - page 2

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Company Profile
Financial Highlights
Office Depot, Inc. is the largest supplier of office products and services in the
world. The Company sells office supplies, business machines, computers,
computer software and office furniture, as well as copy, print, reproduction,
mailing and shipping services to small office/home office (SoHo), medium and
large businesses in the United States and 17 other countries around the globe.
Office Depot operates under the names Office DepotT, Office Depot ExpressT,
The Office PlaceTand Viking Office ProductsT.
Office Depot has market-leading positions in each of its business channels worldwide. The Company sells
office products, services and business solutions through multiple distribution channels, including office
supply stores, direct mail through Office Depot and Viking, global Internet sites, business-to-business
e-commerce and sales forces that call on medium and large businesses.
With its worldwide corporate headquarters in Delray Beach, Florida and its European headquarters in
Venlo, the Netherlands, Office Depot has more than 48,000 employees around the world. The Company’s
common stock is traded on the New York Stock Exchange under the symbol ODP and the Company is
included on the S&P 500 list.
(in millions, expect per share data) 2000 1999 1998
Sales(1) $11,569.7 $10,272.1 $9,007.1
Operating Profit(1) 110.2 413.4 404.8
Net Earnings 49.3 257.6 233.2
Diluted Earnings per Share(2) 0.16 0.69 0.61
Excluding Impact of One-Time
Charges and Credits
Net Earnings $ 222.2 $ 326.9 $ 320.0
Diluted Earnings per Share(2) 0.70 0.86 0.82
Working Capital 790.8 687.0 1,293.4
Total Assets 4,196.3 4,276.2 4,025.3
Common Stockholders’ Equity 1,601.3 1,907.7 2,028.9
(1) We have reclassified certain amounts in our prior year financial statements to conform with our current year presentation.
(2) Diluted earnings per share reported for 1998 have been restated to reflect the three-for-two stock split declared on February 24, 1999.