Ross 2011 Annual Report Download - page 24

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22
Selected Financial Data
($000, except per share data) 2011 2010 2009 2008 2007
Financial Position
Cash and cash equivalents $ 649,835 $ 833,924 $ 768,343 $ 321,355 $ 257,580
Merchandise inventory 1,130,070 1,086,917 872,498 881,058 1,025,295
Property and equipment, net 1,241,722 983,776 942,999 951,656 868,315
Total assets 3,301,209 3,116,204 2,768,633 2,355,511 2,371,322
Return on average assets 20% 19% 17% 13% 11%
Working capital 578,319 690,919 554,933 358,456 387,396
Current ratio 1.4:1 1.5:1 1.5:1 1.4:1 1.4:1
Long-term debt 150,000 150,000 150,000 150,000 150,000
Long-term debt as a percent
of total capitalization 9% 10% 11% 13% 13%
Stockholders’ equity 1,493,012 1,332,692 1,157,293 996,369 970,649
Return on average
stockholders’ equity 47% 45% 41% 31% 28%
Book value per common share
outstanding at year-end1 $ 6.58 $ 5.64 $ 4.71 $ 3.91 $ 3.62
Operating Statistics
Number of stores opened 80 56 56 77 98
Number of stores closed 10 6 7 11 5
Number of stores at year-end 1,125 1,055 1,005 956 890
Comparable store sales increase2
(52-week basis) 5% 5% 6% 2% 1%
Sales per average square foot of
selling space3 (52-week basis) $ 338 $ 324 $ 311 $ 298 $ 301
Square feet of selling space
at year-end (000) 26,100 24,800 23,700 22,500 21,100
Number of employees at year-end 53,900 49,500 45,600 40,000 39,100
Number of common stockholders
of record at year-end 817 804 767 754 760
1 All per share amounts have been adjusted for the two-for-one stock split effective December 15, 2011.
2 Comparable stores are stores open for more than 14 complete months.
3 Based on average annual selling square footage.