Staples 2004 Annual Report Download - page 2
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Please find page 2 of the 2004 Staples 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.CorporateInformation
CorporateOffices
Staples,Inc.
500StaplesDrive
Framingham,MA01702
Telephone:508-253-5000
Internetaddress:www.staples.com
TransferAgentandRegistrar
MellonInvestorServicesistheTransferAgentandRegistrar
fortheStaples,Inc.commonstockandmaintainsstockholder
accountingrecords.PleasecontacttheTransferAgent
directlyconcerningchangesinaddress,nameorownership,
lostcertificates,andconsolidationofmultipleaccounts.When
correspondingwiththeTransferAgent,stockholdersshould
referencetheexactname(s)inwhichtheStaplesstockis
registeredaswellasthecertificatenumber.
MellonInvestorServices
85ChallengerRoad
RidgefieldPark,NJ07660
Telephone:888-875-9002or201-329-8660
ForHearingImpaired:800-231-5469
Internetaddress:www.melloninvestor.com
FinancialInformation
TorequestfinancialdocumentssuchasthisAnnualReport,
whichcontainsourForm10-Kforthefiscalyearended
January29,2005,asfiledwiththeSecuritiesandExchange
Commission,pleasevisitourWebsite,www.staples.com,call
ourtoll-freeinvestorhotlineat800-INV-SPL1(800-468-7751),
orsendawrittenrequesttotheattentionofInvestor
Relationsatourcorporateaddress.
InvestorRelations
Investorinquiriesmaybedirectedto:
LaurelLefebvre,VicePresident,InvestorRelations
Telephone:800-468-7751
Email:[email protected]
GeneralInformation
Membersofthemediaandothersseekinggeneral
informationaboutStaplesshouldcontacttheCorporate
CommunicationsDepartment.Telephone:508-253-8530
IndependentAuditors
Ernst&YoungLLP
200ClarendonStreet
Boston,MA02116
AnnualMeeting
TheAnnualMeetingofStockholdersofStaples,Inc.willbe
heldonJune13,2005at8:00am,CST,attheFourSeasons
Hotel,120EastDelawarePlace,Chicago,IL.
PriceRangeofCommonStock
Staples,Inc.commonstockistradedontheNASDAQ
NationalMarketunderthesymbol“SPLS.”
AsofJanuary29,2005,thenumberofholdersofrecord
oftheStaples,Inc.commonstockwas7,161.
Thefollowingtablesetsforthfortheperiodsindicatedthehigh
andlowsalepricespershareofStaples,Inc.commonstockon
theNASDAQNationalMarket,asreportedbyNASDAQ.Allsale
priceshavebeenadjustedtoreflectthe3-for-2stocksplitthat
waseffectiveonApril15,2005.
FiscalYearEndedJanuary29,2005
High Low
FirstQuarter $18.49 $15.79
SecondQuarter $20.33 $15.83
ThirdQuarter $20.43 $17.25
FourthQuarter $22.59 $18.53
FiscalYearEndedJanuary31,2004
High Low
FirstQuarter $13.50 $10.49
SecondQuarter $14.01 $11.91
ThirdQuarter $18.15 $12.51
FourthQuarter $18.58 $16.33
DividendPolicy
OnFebruary22,2005,Staplesdeclaredanannualcashdividend
of$0.25pershareofStaplesoutstandingcommonstock,
representinganincreaseof25%overits2004annualcash
dividend.The2005cashdividendwaspaidonApril14,2005,
tostockholdersofrecordonMarch28,2005.Thiscashdividend
waspaidpriortothe3-for-2stocksplitthatwaseffectiveon
April15,2005.Whileitisourintentiontopaycashdividendsin
yearsfollowing2005,anydecisiontopayfuturecashdividends
willbemadebyourBoardofDirectorsandwilldependuponour
earnings,financialconditionandotherfactors.
DirectStockPurchasePlanandDividendReinvestment
PurchaseofStaples,Inc.commonstockcanbemadethrough
aDirectStockPurchasePlanadministeredbyMellonInvestor
Services.DividendsonStaples,Inc.commonstockmaybe
automaticallyinvestedinadditionalshares.ContactMellon
InvestorServicesat888-875-9002formoreinformation.
StockSplits:
RecordDate EffectiveDate Split
06/26/91 07/10/91 3for2
11/29/93 12/13/93 3for2
10/14/94 10/28/94 3for2
07/14/95 07/24/95 3for2
03/15/96 03/25/96 3for2
01/20/98 01/30/98 3for2
01/18/99 01/28/99 3for2
03/29/05 04/15/05 3for2
DebtRatings:
Staples,Inc.long-termcorporatedebtratingsasofMarch29,2005.
Fitch BBB
Moody’s Baa2
Standard&Poors BBB
2001200220032004
$10.74
$14.45
Staples,Inc.inventedthe
officesuperstoreconceptin
1986andtodayistheworld’s
largestofficeproductscompany.
With65,000talented
associates,thecompanyis
committedtomakingiteasy
tobuyawiderangeofoffice
products,includingsupplies,
technology,furniture,and
businessservices.With2004
salesof$14.4billion,Staples
servesconsumersand
businessesrangingfrom
home-basedbusinessesto
Fortune500companiesin21
countriesthroughoutNorthand
SouthAmerica,EuropeandAsia.
Headquarteredoutsideof
Boston,Staplesoperates
approximately1,680office
superstoresandalsoserves
itscustomersthroughmail
ordercatalog,e-commerce
andcontractbusinesses.
Moreinformationisavailable
atwww.staples.com.
S T A P L E S , I N C .
Revenues
(billions)
Fiscal2004
RevenuesMix International
13%
NADelivery
29% NARetail
58%
TocomplywithEITF03-10,2002salesare
presentedonaproformabasisand2003
saleshavebeenreclassified.
DilutedEarningsPerShare
$0.66$0.88
$1.12
$1.40
2001200220032004
FreeCashFlow
(millions)
$431
$650
$742
$844
2001200220032004
Pleaseseethe“FinancialMeasures”sectionoftheInvestorInformation
portionofwww.staples.comforanexplanationandreconciliationofsome
ofthisfinancialinformation.
Thistabledoesnotreflecttheimpactofthe3-for-2
stocksplitthatwaseffectiveonApril15,2005.The
tablealsoexcludesnonrecurringchargesandcreditsin
2001and2002andtheimpactofEITF02-16in2003.
Staplesadjustsitsnetincomeforsuchmattersto
provideamoremeaningfulmeasureofournormalized
operatingperformanceandassistwithcomparingprior
periodsandrecognizingtrends.Inaddition,diluted
earningspersharefor2001 presentedonaproforma
basis,reflectingthecombinedearningspershareofall
classesofourcommonstock.
are
$11.41$12.97