Walgreens 2005 Annual Report Download - page 20

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Eleven-Year Summary of Selected Consolidated Financial Data
Walgreen Co. and Subsidiaries (Dollars in Millions, except per share data)
Fiscal Year 2005 2004 2003
Net Sales $ 42,201.6 $37,508.2 $ 32,505.4
Costs and Deductions Cost of sales 30,413.8 27,310.4 23,706.2
Selling, occupancy and administration
(1) (2)
9,363.8 8,055.4 6,938.3
Other income
(2) (3)
31.6 17.3 10.8
Total Costs and Deductions 39,746.0 35,348.5 30,633.7
Earnings Earnings before income tax provision and
cumulative effect of accounting changes 2,455.6 2,159.7 1,871.7
Income tax provision 896.1 809.9 706.6
Earnings before cumulative effect of accounting changes 1,559.5 1,349.8 1,165.1
Cumulative effect of accounting changes
(4)
———
Net Earnings $ 1,559.5 $ 1,349.8 $ 1,165.1
Per Common Share
(5)
Net earnings
(4)
Basic $ 1.53 $ 1.32 $ 1.14
Diluted 1.52 1.31 1.13
Dividends declared .22 .18 .16
Book value 8.77 7.95 6.94
Non-Current Liabilities Long-term debt $ 12.0 $ 12.4 $ 9.4
Deferred income taxes 240.4 274.1 180.7
Other non-current liabilities 985.7 838.0 677.5
Assets and Equity Total assets $ 14,608.8 $13,342.1 $ 11,656.8
Shareholders’ equity 8,889.7 8,139.7 7,117.8
Return on average shareholders’ equity 18.3% 17.7% 17.5%
Drugstore Units Year-end: Units
(6)
4,953 4,582 4,227
(1) Fiscal 2005 includes pre-tax expenses of $54.7 million ($.033 per share, diluted) related to Hurricane Katrina.
Fiscal 2005, 2004, 2003, 2002, 2001 and 2000 include pre-tax income of $26.3 million ($.016 per share, diluted),
$16.3 million ($.010 per share, diluted), $29.6 million ($.018 per share, diluted), $6.2 million ($.004 per share, diluted),
$22.1 million ($.013 per share, diluted) and $33.5 million ($.021 per share, diluted), respectively, from litigation settlements.
(2) Certain amounts for fiscal 2000 through 2004 have been reclassified to be consistent with the fiscal 2005 presentation.
(3) Fiscal 1998 includes a pre-tax gain of $37.4 million ($.023 per share, diluted) from the sale of the company’s
long-term care pharmacy business.
(4) Fiscal 1998 includes an after-tax $26.4 million ($.03 per share, diluted) charge from the cumulative effect of
accounting change for system development costs.
(5) Per share data have been adjusted for two-for-one stock splits in 1999 and 1997.
(6) Units include mail service facilities, as well as stores closed as of August 31, 2005, due to Hurricane Katrina.
18 2005 Annual Report