Big Lots Inc. (BIG) 2008年年度报告「NYSE」.pdf

1、READY FOR BUSINESSBig Lots,Inc.2008 Annual ReportEarnings Data(a)Net sales$4,645,283$4,656,302$4,743,048 Net sales(decrease)increase(0.2)%(1.8)%7.1%Income from continuing operations(b)$154,798$145,079$112,618 Income from continuing operations increase(b)6.7%28.8%616.2%Earnings from continuing operat

2、ions per share-diluted(b)$1.89$1.41$1.01Earnings from continuing operations per share-diluted increase(b)34.0%39.6%621.4%Average diluted common shares outstanding 82,076102,542 111,930Gross margin-%of net sales 40.0%39.5%39.9%Selling and administrative expenses-%of net sales(b)32.8%32.8%34.2%Depreci

3、ation expense-%of net sales 1.7%1.9%2.1%Operating profit-%of net sales(b)5.5%4.9%3.5%Net interest(income)expense-%of net sales0.1%(0.1)%(0.1)%Income from continuing operations-%of net sales(b)3.3%3.1%2.4%Balance Sheet Data and Financial RatiosCash and cash equivalents$34,773$37,131$281,657Inventorie

4、s736,616747,942 758,185Property and equipment-net 490,041481,366 505,647Total assets 1,432,4581,443,815 1,720,526Borrowings under bank credit facility61,700163,700-Shareholders equity 774,845638,486 1,129,703Working capital(c)$355,776$390,766$674,815Current ratio 1.71.8 2.4Inventory turnover(a)3.63.

5、5 3.4Bank borrowings to total capitalization7.4%20.4%0.0%Return on assets-continuing operations(a)(b)10.8%9.2%6.7%Return on shareholders equity-continuing operations(a)(b)21.9%16.4%10.2%Cash Flow Data(a)Cash provided by operating activities(d)$211,063$307,932$381,477 Cash used in investing activitie

6、s(e)(88,192)(58,764)(30,421)Cash flow(f)$122,871$249,168$351,056Store DataStores open at end of the fiscal year1,3391,353 1,375Gross square footage(000s)39,88840,195 40,770 Selling square footage(000s)28,67428,902 29,376Decrease in selling square footage(0.8)%(1.6)%(1.6)%Average selling square foota