True Value 2010 Annual Report Download - page 2

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MORE THAN A DIVIDEND CHECK
2010 TOTAL MEMBER BENEFITS
Your satisfaction with the value your co-op
provides is critically important and always
top-of-mind. Delivering satisfaction extends
beyond issuing an annual dividend check.
It’s also reected in the nancial benets you
enjoyed as a co-op member throughout 2010:
Patronage Dividend/Cash $23,390,668
Patronage Dividend/Notes, Stock $33,717,532
Promotional Discounts $22,220,843
Dating & Anticipation $14,012,762
Market Spis/Racking $14,228,257
Marketing/Promotional Credits $7,671,754
DTV Credits & Loans $9,009,995
Free Freight $7,396,683
Interest on Notes $4,811,194
TOTAL CREDITS & DISCOUNTS $136,459,688
% of Purchases 8.1%
Destination True Value pairs a contemporary, shopper-
friendly layout with a great selection of products and
project inspiration – a combination that attracts the
all-important female shopper.
NET MARGIN ($ in millions)
$63.8
2007 2008 2009 2010
$66
$44
$22
$0
$64.2 $65.4 $60.7
TOTAL DEBT ($ in millions)
$127.1
2007 2008 2009 2010
$145
$125
$115
$105
$141.2
$121.5
$137.4
MEMBERS’ EQUITY ($ in millions)
$132.7
2007 2008 2009 2010
$165
$110
$55
$0
$141.2 $157.3 $164.6
NET REVENUE ($ in millions)
$2,041
2007 2008 2009 2010
$2,100
$1,400
$700
$0
$2,013
$1,823 $1,804
$135