Cabela's 2013 Annual Report Download - page 121

Download and view the complete annual report

Please find page 121 of the 2013 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 132

  • 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
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

111
CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in Thousands Except Share and Per Share Amounts)
25. QUARTERLY FINANCIAL INFORMATION (Unaudited)
The following table sets forth unaudited financial and operating data in each quarter for years 2013 and 2012:
2013 by Quarter 2012 by Quarter
First Second Third Fourth First Second Third Fourth
Total revenue $ 802,497 $ 756,805 $ 850,828 $ 1,189,447 $ 623,504 $ 627,254 $ 741,178 $ 1,120,746
Operating income (1) 79,115 66,935 76,603 138,708 46,576 57,828 67,113 104,182
Net income 49,847 44,545 49,886 80,112 28,826 33,870 42,785 68,032
Earnings per share:
Basic (2) 0.71 0.63 0.71 1.13 0.42 0.48 0.61 0.97
Diluted (2) 0.70 0.62 0.70 1.12 0.40 0.47 0.60 0.95
(1) Includes
impairment
losses recorded
by quarter for
each year
as follows: $ - $ 937 $ - $ 4,931 $ - $ - $ - $ 20,324
(2) Basic and diluted earnings per share are computed independently for each of the quarters presented and,
therefore, may not sum to the totals for the year.
Revenue is typically higher in the Company’s third and fourth quarters than in the first and second quarters
due to holiday buying patterns and hunting season openings across the United States. The Company’s quarterly
operating results may fluctuate significantly as a result of these events and a variety of other factors, and operating
results for any quarter are not necessarily indicative of results for a full year.