Cabela's 2008 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2008 Cabela's 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.

Page out of 117

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117

Fiscal Year
(Dollars in thousands, except per share data) 2008 2007 2006
Total Revenue $2,552,721 $2,349,599 $2,063,524
Gross Profit $1,012,507 $971,213 $859,125
Gross Profit Margin 39.7% 41.3% 41.6%
Operating Income $141,039 $151,092 $143,745
Operating Income Margin 5.5% 6.4% 7.0%
Net Income $76,404 $87,879 $85,785
Diluted Earnings Per Share $1.14 $1.31 $1.29
Diluted Weighted Average
Shares Outstanding 67,158,583 67,275,531 66,643,856
Total Cash and Cash Equivalents $410,104 $131,181 $172,903
Inventories $517,657 $608,159 $484,414
Total Debt $380,031 $503,385 $317,873
Total Stockholders’ Equity $913,705 $828,559 $733,858
Lease Adjusted Debt-To-Capitalization Ratio(1)(2) 32.0% 35.2% 32.7%
Cabela’s Inc. Financial Highlights
About Us
Cabela’s® is a leading specialty retailer,
and the world’s largest direct marketer, of
hunting, fishing, camping and related outdoor
merchandise. Since our founding in 1961,
Cabela’s has grown to become one of the most
well-known outdoor recreation brands in the
world, and has long been recognized as the
World’s Foremost Outfitter.
® Through our
growing number of retail stores and our well-
established direct business, we offer a wide and
distinctive selection of high-quality outdoor
products at competitive prices while providing
superior customer service. We also issue the
Cabela’s CLUB® Visa credit card, which
serves as our primary customer
loyalty rewards program.
Dennis Highby - Vice Chairman
(1) Both the numerator and the denominator are adjusted to include operating lease obligations capitalized at eight times next year’s
annual minimum lease payments and deferred compensation.
(2) Excludes short-term borrowings of financial services subsidiary.