Office Depot 2003 Annual Report Download - page 2

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No one sells more office products to
more customers in more countries
than Office Depot. The Company
operates under the Office Depot®,
Viking Office Products®,Viking
Direct®,4Sure.com®and NiceDay™
brand names. At year-end, there were
1,099 Office Depot stores operating
as wholly-owned or under licensed
and joint-venture agreements in 13
countries, including 900 in the United
States and Canada. Office Depot’s
North American business-to-
business
delivery network is supported by 22
delivery centers, more than 60 local
sales offices and 13 regional call
centers. Internationally, the Company
sells products and services in 21
countries outside the United States
and Canada and is supported by 25
distribution centers and 31 call
centers. The Company operates an
award-winning U.S. Office Depot brand
web site at www.officedepot.com, and
maintains 31 other public web sites
outside North America. Office Depot
reports financial results for three
operating segments: International
Division, incorporating operating
results from the Company’s wholly-
owned international mail order,
e-commerce, retail and contract sales
operations outside North America;
Business Services Group, reflecting
results from all of the Company’s North
American delivery channels, including
catalog, e-commerce and contract
sales; and North American Retail,
incorporating results for all of its retail
operations in the United States and
Canada. Office Depot’s common stock
is listed on the New York Stock
Exchange under the symbol ODP and
is included in the S&P 500 Index.
Company Profile
OFFICE DEPOT 2003 ANNUAL REPORT
2003 2002 2001
Sales $ 12,358.6 $ 11,356.6 $ 11,082.1
Operating Profit 470.3 499.7 353.4
Net Earnings 276.3 310.7 201.0
Diluted Earnings per Share 0.88 0.98 0.66
Working Capital $ 1,299.5 $ 1,217.7 $ 721.9
Total Assets 6,145.2 4,765.8 4,331.6
Common Stockholders’ Equity 2,794.1 2,297.1 1,848.4
FINANCIAL HIGHLIGHTS (in millions, except per share data)