True Value 2012 Annual Report Download - page 24

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 TRUE VALUE  ANNUAL REPORT
NET MARGIN
IN MILLIONS
REVENUE
IN MILLIONS
TOTAL DEBT
IN MILLIONS
MEMBER’S EQUITY
IN MILLIONS
More than a dividend check
True Value is commied to your growth and success in retail.
Our commitment is reflected in financial returns and benefits
to our retailers; it is proven by six consecutive years of
consistent annual patronage dividends.
 TOTAL MEMBER BENEFITS
Patronage Dividend/Cash ,,
Patronage Dividend/Notes, Stock ,,
Promotional Discounts ,,
Dating & Anticipation ,,
Market Spiffs/Racking ,,
Marketing Reimbursements ,,
DTV Credits & Loans ,,
Promotional Freight ,,
Interest on Notes ,,
Total Credits & Discounts ,,
 of Purchases .
“WE’RE INVESTING IN OUR RETAILERS’ SUCCESS
WITH PRICE ROLLBACKS, FINANCING SUPPORT,
CONSISTENT PATRONAGE DIVIDENDS AND GREAT
PROGRAMS LIKE FREE OPENING INVENTORY.”
DAVESHADDUCK,CHIEFFINANCIALOFFICER
GROSS BILLINGS
IN MILLIONS
2010
2010
2010
2010
2010
2011
2011
2011
2011
2011
2012
2012
2012
2012
2012
$1,804 $1,865 ,
$1,379 $1,394 ,
$60.7 $60.3
.
$1 3 7.4 $143.2
.
$151.5 $146.7 .