Cabela's 2006 Annual Report Download - page 4

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October
Dick Cabela, co-founder and Chairman
of the Board of Cabela’s, is inducted into
the Direct Marketing Association Hall of
Fame. The DMA Hall of Fame honors
direct-marketing professionals’ outstanding
career contributions to the practice, growth
and stature of the direct-marketing discipline.
August
Cabela’s SLA (Super Large Arbor) fl y
reel is named Best of the Best by Field &
Stream magazine.
Cabela’s enters a dealer agreement with
Kawasaki, allowing Cabela’s to offer ATVs
and Mule utility vehicles at select retail stores.
Cabela’s opens its second store of the year in
Boise, Idaho. November
Cabela’s opens its fourth store of 2006 in
La Vista, Nebraska, a suburb of Omaha.
Cabela’s now operates 18 retail stores
throughout the United States.
Fiscal Year (Dollars in thousands except per share data) 2006 2005 2004
Total Revenue $2,063,524 $1,799,661 $1,555,974
Gross Profi t $859,125 $735,339 $630,309
Gross Profi t Margin 41.6% 40.9% 40.5%
Operating Income $143,745 $114,963 $97,215
Operating Income Margin 7.0% 6.4% 6.2%
Net Income $85,785 $72,569 $64,996
Diluted Earnings Per Share $1.29 $1.10 $1.03
Diluted Weighted Average Shares Outstanding 66,643,856 66,268,374 63,277,400
Total Cash and Cash Equivalents $172,903 $86,923 $123,934
Inventories $484,414 $396,635 $313,002
Marketable Securities $117,360 $145,744 $145,587
Total Debt $317,873 $119,826 $148,152
Total Stockholders’ Equity $733,858 $639,853 $566,354
Financial Highlights
‘03
‘04
‘05
‘06
‘03
‘04
‘05
‘06
‘03
‘04
‘05
‘06
Total Revenue ($ in millions)
Operating Income ($ in millions)
Net Income ($ in millions)
$1,392
$1,556
$1,800
$2,064
$85
$97
$115
$144
$51
$65
$73
$86
September
Cabela’s opens its third store of the year,
and its second in Wisconsin, in Richfi eld, a
suburb of Milwaukee.
December
A strong fourth quarter propels Cabela’s
to a record-breaking year, as the company
exceeds $2 billion in sales. Total revenue for
fi scal 2006 increased 14.7% to $2.06 billion
compared to $1.80 billion in fi scal 2005,
and net income increased 18.2% to a record
$85.8 million compared to $72.6 million in
the prior year.
Cabela’s ends the year with plans to open
eight retail stores in 2007.