Staples 2006 Annual Report Download - page 93

A-1
APPENDIX A
STAPLES, INC. AND SUBSIDIARIES
SELECTED FINANCIAL DATA
(Dollar Amounts in Thousands, Except Per Share Data)
Fiscal Year Ended
February 3,
2007(2)
(53 weeks)
January 28,
2006(2)
(52 weeks)
January 29,
2005(3)
(52 weeks)
January 31,
2004(4)(5)
(52 weeks)
February 1,
2003(6)(7)
(52 weeks)
Statement of Income Data:
Sales....................................... $ 18,160,789 $ 16,078,852 $ 14,448,378 $ 12,967,022 $ 11,596,075
Gross profit................................. 5,194,001 4,582,618 4,102,322 3,496,036 2,941,696
Net income ................................. 973,677 784,117 664,575 450,211 412,783
Basic earnings per common share(1): 1.35 1.07 0.90 0.62 0.59
Diluted earnings per common share(1): 1.32 1.04 0.87 0.61 0.58
Dividends (1)................................ $ 0.22 $ 0.17 $ 0.13 $ — $ —
Statistical Data:
Stores open at end of period................. 1,884 1,780 1,680 1,559 1,488
Balance Sheet Data:
Working capital............................ $ 1,642,980 $ 1,664,637 $ 1,584,751 $ 1,355,670 $ 542,150
Total assets ............................... 8,397,265 7,732,720 7,127,150 6,564,972 5,782,716
Total long-term debt, less current portion...... 316,465 527,606 557,927 567,433 732,041
Stockholders’ equity........................ $ 5,021,665 $ 4,481,601 $ 4,174,424 $ 3,730,655 $ 2,723,754
(1) All share and per share amounts reflect, or have been restated to reflect, the three-for-two common stock split that was
effected in the form of a common stock dividend distributed on April 15, 2005.
(2) Results of operations for this period include the acquired businesses since the relevant acquisition date and Staples China
since becoming a majority-owned subsidiary of the Company during the first quarter of 2005. See Note B to the
Consolidated Financial Statements.
(3) Results of operations for this period include the results of acquired businesses since the relevant acquisition date. The
Company acquired Globus Office World plc on August 4, 2004, Malling Beck A/S on September 2, 2004, Pressel Versand
International GmbH on September 7, 2004 and Officenet SA on November 29, 2004 (see Note B to the Consolidated
Financial Statements).
(4) Results of operations for this period have been reclassified to conform with EITF Issue No. 03-10, “Application of Issue
No. 02-16 by Resellers to Sales Incentives Offered to Consumers by Manufacturers”, which requires that vendor
consideration received in the form of sales incentives be recorded as a reduction of cost of goods sold when recognized,
rather than as a component of sales. As a result of this reclassification and a reclassification of certain other coupons,
sales, gross profit and operating and selling expenses decreased, but there was no impact on net income.
(5) Results of operations for this period reflect a $98.0 million ($61.7 million net of taxes) non-cash adjustment for the
inclusion of cooperative advertising and other performance based rebates in inventory as required by EITF Issue
No. 02-16, “Accounting by a Customer (Including a Reseller) for Certain Consideration Received from a Vendor”.
(6) Results of operations for this period include a tax benefit of $29.0 million related to Staples Communications. In fiscal
2000, the Company recognized an impairment loss related to the goodwill and fixed assets of Staples Communications,
which was not recorded as a deduction for tax purposes. In fiscal 2002, the Company received approval from the Internal
Revenue Service to take an ordinary deduction for the Company’s investment in, and advances to, Staples
Communications.
(7) Results of operations for this period include the results of acquired businesses since the relevant acquisition date. The
Company acquired Medical Arts Press, Inc. on July 17, 2002 and the European mail order businesses on October 18, 2002.
The Company’s fiscal year is the 52 or 53 weeks ending the Saturday closest to January 31.