Walgreens 2007 Annual Report Download - page 20

Eleven-Year Summary of Selected Consolidated Financial Data
Walgreen Co. and Subsidiaries (Dollars in Millions, except per share amounts)
Fiscal Year 2007 2006 2005
Net Sales $53,762.0 $47,409.0 $42,201.6
Costs and Deductions Cost of sales 38,518.1 34,240.4 30,413.8
Selling, occupancy and administration (1) 12,093.2 10,467.1 9,363.8
Other income (2) 38.4 52.6 31.6
Total Costs and Deductions 50,572.9 44,654.9 39,746.0
Earnings Earnings before income tax provision and
cumulative effect of accounting changes 3,189.1 2,754.1 2,455.6
Income tax provision 1,147.8 1,003.5 896.1
Earnings before cumulative effect of accounting changes 2,041.3 1,750.6 1,559.5
Cumulative effect of accounting changes (3) ———
Net Earnings $ 2,041.3 $ 1,750.6 $ 1,559.5
Per Common Share (4) Net earnings (3)
Basic $ 2.04 $ 1.73 $ 1.53
Diluted 2.03 1.72 1.52
Dividends declared .33 .27 .22
Book value 11.20 10.04 8.77
Non-Current Liabilities Long-term debt $ 22.0 $ 3.2 $ 12.0
Deferred income taxes 158.2 141.1 240.4
Other non-current liabilities 1,284.8 1,115.7 985.7
Assets and Equity Total assets $19,313.6 $17,131.1 $14,608.8
Shareholders’ equity 11,104.3 10,115.8 8,889.7
Return on average shareholders’ equity 19.2% 18.4% 18.3%
Locations Year-end (5) 5,997 5,461 4,985
(1) Fiscal 2007 had insignificant pre-tax income from litigation settlement gains. Fiscal 2006, 2005, 2004, 2003, 2002, 2001
and 2000 included pre-tax income of $7.3 million ($.005 per share, diluted), $26.3 million ($.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.
Fiscal 2006 included a $12.3 million ($.008 per share, diluted) downward adjustment of the fiscal 2005 pre-tax expenses of
$54.7 million ($.033 per share, diluted) related to Hurricane Katrina.
(2) 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.
(3) Fiscal 1998 includes an after-tax $26.4 million ($.026 per share, diluted) charge from the cumulative effect of accounting
change for system development costs.
(4) Per share amounts have been adjusted for two-for-one stock splits in 1999 and 1997.
(5) Locations include stores, mail service facilities, home care facilities and specialty pharmacies.
Page 18 2007 Walgreens Annual Report