Walgreens 2012 Annual Report Download - page 3

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2012 2011 Increase (Decrease)
Net Sales $71,633 $ 72,184 (0.8%)
Net Earnings (1) $ 2,127 $ 2,714 (21.6%)
Adjusted Net Earnings (2) $ 2,565 $ 2,710 (5.4%)
Net Earnings per Common Share (diluted) (1) $ 2.42 $ 2.94 (17.7%)
Adjusted Net Earnings per Common Share (diluted) (2) $ 2.93 $ 2.93 —
Shareholders’ Equity $18,236 $ 14,847 22.8%
Return on Average Shareholders’ Equity 12.9% 18.6%
Closing Stock Price per Common Share $ 35.76 $ 35.21
Total Market Value of Common Stock $ 33,759 $ 31,312
Dividends Declared per Common Share $ .9500 $ .7500
Average Shares Outstanding (diluted) 880 924
(1) Fiscal year 2011 amounts include a $273 million, or $0.30 per diluted share, after-tax gain on the sale of Walgreens Health Initiatives, Inc.
(2) This is a non-GAAP measure. See Reconciliation of Non-GAAP Financial Measures on page 44.
Financial Highlights
For the years ended August 31, 2012 and 2011 (In millions, except per share amounts)
2012 2011 2010 2009 2008
Locations Openings
New Locations 212 261 388 602 608
Acquisitions 54 36 282 89 423
Closings 91 133 120 129 94
Net Openings 175 164 550 562 937
Locations (1) 8,385 8,210 8,046 7,496 6,934
Sales Area (2) 87,049 85,619 83,719 78,782 72,585
Product Class Sales Prescription Drugs 63% 65% 65% 65% 65%
Non-prescription Drugs (3) 12% 10% 10% 10% 10%
General Merchandise (3) 25% 25% 25% 25% 25%
(1) Includes drugstores, worksite health and wellness centers, infusion and respiratory services facilities, specialty pharmacies and mail service facilities.
(2) In thousands of square feet.
(3) Based on store scanning information.
Company Highlights
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Walgreens Fiscal Year Stock Performance
Fiscal year-end closing price per share in dollars
2012 Walgreens Annual Report 1