Office Depot 2001 Annual Report Download - page 19

Download and view the complete annual report

Please find page 19 of the 2001 Office Depot annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 56

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56

17
Office Depot, Inc.
Financial Highlights
(In thousands, except per share amounts and statistical data)
2001 2000(4) 1999 1998 1997
Statements of Earnings Data:
Sales(1) $11,154,081 $11,569,696 $10,272,060 $8,997,738 $8,108,714
Cost of goods sold and occupancy costs 7,983,973 8,479,437 7,450,575 6,484,699 5,963,521
Gross profit 3,170,108 3,090,259 2,821,485 2,513,039 2,145,193
Store and warehouse operating and selling expenses(1) 2,343,394 2,409,478 2,023,055 1,683,973 1,482,179
General and administrative expenses(1) 451,722 453,784 328,108 288,028 241,430
Facility closure costs 8,436 110,038 40,425 — —
Other operating expenses 12,125 6,733 16,524 136,279 22,703
Operating profit 354,431 110,226 413,373 404,759 398,881
Interest income 13,058 11,502 30,176 25,309 7,570
Interest expense (44,302) (33,901) (26,148) (22,356) (21,680)
Miscellaneous income (expense), net (9,057) 4,632 (3,514) (18,985) (13,180)
Earnings before income taxes 314,130 92,459 413,887 388,727 371,591
Income taxes 113,087 43,127 156,249 155,531 136,730
Net earnings $ 201,043 $ 49,332 $ 257,638 $ 233,196 $ 234,861
Earnings per share(2):
Basic $ 0.67 $ 0.16 $ 0.71 $ 0.64 $ 0.65
Diluted 0.66 0.16 0.69 0.61 0.62
Statistical Data:
Facilities open at end of period:
United States and Canada:
Office supply stores 859 888 825 702 602
Customer service centers 24 25 30 30 33
Call centers 13 7 788
International(3):
Office supply stores 143 1321188739
Customer service centers 23 19 19 18 17
Call centers 15 14 14 13 12
Balance Sheet Data:
Working capital $ 704,676 $ 790,752 $ 687,007 $1,293,370 $1,093,463
Total assets 4,331,643 4,196,334 4,276,183 4,025,283 3,498,891
Long-term debt, excluding current maturities 317,552 598,499 321,099 470,711 447,020
Common stockholders’ equity 1,848,438 1,601,251 1,907,720 2,028,879 1,717,638
(1) Certain amounts in prior year financial statements have been reclassified to conform to current year presentation.
(2) Earnings per share amounts previously reported for 1997 and 1998 have been restated to reflect the three-for-two stock split declared on February 24, 1999.
(3) Includes facilities in our International Division that we wholly own or lease, as well as those that we operate through licensing and joint venture agreements.
(4) Includes 53 weeks in accordance with our 52–53 week reporting convention.