Cabela's 2010 Annual Report Download - page 39

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29
ITEM 6. SELECTED FINANCIAL DATA
Fiscal Year (1)
2010 2009 2008 2007 2006
(In Thousands Except Earnings per Share)
Operations Data:
Revenue:
Merchandise revenue $ 2,412,486 $2,447,635 $2,380,655 $2,173,995 $1,908,801
Financial services revenue 227,675 171,414 158,971 159,335 137,423
Other revenue 23,081 13,191 13,095 16,269 17,300
Total revenue 2,663,242 2,632,240 2,552,721 2,349,599 2,063,524
Cost of revenue 1,575,449 1,602,621 1,540,214 1,378,386 1,204,399
Selling, distribution, and
administrative expenses 895,405 870,147 865,684 818,916 715,380
Impairment and restructuring charges 5,626 66,794 5,784 1,205 -
Operating income 186,762 92,678 141,039 151,092 143,745
Interest (expense) income, net (27,442)(23,109)(29,658)(18,778)(16,126)
Other income 7,360 6,955 6,854 6,913 9,637
Income before provision for income taxes 166,680 76,524 118,235 139,227 137,256
Provision for income taxes 54,521 26,907 41,831 51,348 51,471
Net income available to
common stockholders $ 112,159 $49,617 $76,404 $87,879 $85,785
Basic earnings per share $ 1.65 $0.74 $1.15 $1.34 $1.32
Diluted earnings per share $ 1.62 $0.74 $1.14 $1.31 $1.29
Selected Balance Sheet Data:
Cash and cash equivalents (2) $ 136,419 $582,185 $410,104 $131,182 $172,903
Working capital (2) (3) 1,747,124 619,354 573,410 263,284 335,387
Total assets (3) 4,531,179 2,491,885 2,396,066 2,212,830 1,751,230
Total debt excluding WFB 345,152 348,279 380,031 403,385 311,382
Total debt of WFB (3) (4) 2,496,651 476,664 486,199 260,591 108,687
Total stockholders’ equity 1,024,548 984,421 913,705 828,559 733,858
Other Data:
Depreciation and amortization $ 69,872 $70,566 $64,673 $59,863 $45,559
Property and equipment additions
including accrued amounts 79,720 49,817 54,934 364,326 190,592
(1) Fiscal years are based on the 52-53 week period ending on the Saturday closest to December 31. Fiscal 2010,
2008, 2007, and 2006 each consisted of 52 weeks and fiscal 2009 consisted of 53 weeks.
(2) Cash and cash equivalents include amounts for our financial services subsidiary totaling $82 million,
$371 million, $402 million, $123 million, and $53 million at years ended 2010, 2009, 2008, 2007, and 2006.
Our ability to use this cash for non-banking operations, including its use as working capital for our Retail or
Direct businesses, or for retail store expansion, is limited by regulatory restrictions.
(3) Amounts as of and for the year ended January 1, 2011, include assets and liabilities resulting from the
consolidation of the Trust related to a change in accounting principle. Accordingly, effective January 3, 2010,
total assets and liabilities increased $2.15 billion and $2.25 billion, respectively, and retained earnings and
other comprehensive income decreased $93 million, after tax.
(4) Amounts include time deposits and short-term borrowings of our financial services subsidiary, and for 2010,
amounts also include the secured variable funding obligations and secured long-term obligations of the Trust.