Fleetwood Enterprises Inc, Year 2000 Annual Report

 

Ten-Year Summary of Selected Financial Data

Years ended April (Dollars, except per share amounts, and shares outstanding are in thousands)
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
Summary of Operations:
Sales
$
3,712,965
$
3,490,163
$
3,050,567
$
2,874,426
$
2,809,277
$
2,807,862
$
2,332,184
$
1,907,899
$
1,558,057
$
1,374,722
Cost of products sold
2,890,002
2,736,324
2,456,288
2,334,840
2,276,595
2,287,880
1,905,659
1,541,277
1,266,051
1,120,886
Gross profit
822,963
753,839
594,279
539,586
532,682
519,982
426,525
366,622
292,006
253,836
Operating expenses
660,787
563,528
424,084
400,027
401,150
397,753
334,676
293,504
245,345
224,245
Operating income
162,176
190,311
170,195
139,559
131,532
122,229
91,849
73,118
46,661
29,591
Other income (expense)
(20,642)
(11,419)
4,754
7,491
(20,539)
5,218
7,667
7,802
9,406
10,676
Income from continuing operations before income taxes
141,534
178,892
174,949
147,050
110,993
127,447
99,516
80,920
56,067
40,267
Provision for income taxes
58,040
71,771
66,404
56,998
41,543
52,254
40,717
30,612
20,659
13,610
Income from continuing operations
83,494
107,121
108,545
90,052
69,901
75,998
58,553*
50,373
35,408
26,657
Income from discontinued operations, net of taxes
34,778
9,708
8,635
7,375
6,197
4,816
3,783
Net income
83,494
107,121
108,545
124,830
79,609
84,633
65,928
56,570
40,224
30,440
Earnings per share – diluted:
Continuing operations
2.41
2.94
3.01
2.30
1.50
1.63
1.27*
1.10
.78
.60
Discontinued operations
.89
.21
.19
.16
.13
.10
.08
Net income
2.41
2.94
3.01
3.19
1.71
1.82
1.43
1.23
.88
.68
 
Financial Position:
Total assets
$
1,536,693
$
1,531,184
$
1,129,480
$
  871,547
$
1,108,932
$
  940,374
$
  845,219
$
  745,221
$
  666,929
$
  608,908
Property, plant and equipment
312,067
303,934
277,211
278,331
266,587
262,640
220,154
171,702
149,321
142,908
Shareholders’ equity
584,805
586,703
376,026
443,095
649,137
608,143
546,466
502,589
467,984
428,072
Book value per share
17.88
16.67
11.96
12.40
14.22
13.20
11.88
11.01
10.26
9.78
 
Other Statistics:
Gross profit %
22.2
21.6
19.5
18.8
19.0
18.5
18.3
19.2
18.7
18.5
Depreciation
$
   28,567
$
   27,615
$
   27,538
$
   25,581
$
   25,857
$
   21,973
$
   18,266
$
   15,154
$
   14,659
$
   14,779
Capital expenditures
55,078
49,757
37,809
56,184
32,916
67,864
72,543
41,966
24,832
18,677
Dividends declared
24,957
24,672
23,744
24,408
27,551
25,778
22,878
21,455
19,958
18,491
Dividends declared per Common share
.76
.72
.68
.64
.60
.56
.50
.47
.44
.42
Weighted average Common shares – diluted
39,194
40,171
36,933
39,162
46,469
46,531
46,207
45,961
45,648
44,584
Number of shareholders of record
1,400
1,500
1,500
1,600
1,800
2,000
2,000
2,000
1,900
2,100
Market price per share:
– High
$
     291/4
$
    467/16
$
     48    
$
     371/4
$
     29    
$
     271/4
$
     26    
$
     267/8
$
    24    
$
     167/8
– Low
14    
25    
251/8
241/8
181/8
173/4
161/2
123/4
141/8
77/8
– Close
145/8
283/16
461/8
251/8
263/8
23    
191/2
18    
19    
147/8
*After deduction of $1.5 million or 3 cents per share for change in accounting for income taxes.