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COMPANY PROFILE |
No one sells more office products to more customers in more countries than Office Depot. The Company
operates under the Office Depot®, Viking Office Products®, Viking Direct® and 4Sure.com® brand names. At
year-end there were 1,038 Office Depot stores operating as wholly owned, or under licensed and joint venture
agreements in 11 countries, including 867 in the United States and Canada. Office Depot's North American
business-to-business delivery network is supported by 24 delivery centers, more than 60 local sales offices and
13 regional call centers. Internationally, the Company sells products and services in 20 countries outside of the
United States and Canada supported by 20 distribution centers and 18 call centers. It operates an award-winning
U.S. Office Depot brand web site at www.officedepot.com and maintains 33 other web sites in the U.S., Canada,
Europe and Japan, and with our joint venture partners in Mexico and in Israel.
Office Depot reports financial results for three operating segments: the North American Retail Division,
incorporating results for all of its retail operations in the U.S. and Canada; the Business Services Group Division,
reflecting results from all of the Company's North American delivery channels including catalog, e-commerce and
contract sales; and its International Division, incorporating operating results from the Company's wholly owned
international mail order, e-commerce, retail and contract sales operations outside of North America. Office
Depot's common stock is traded on the New York Stock Exchange under the symbol ODP and is included in the
S&P 500 Index.
FINANCIAL HIGHLIGHTS
| (In millions, except per share data) |
| |
2002 |
2001 |
2000 |
| Sales |
$ |
11,356.6 |
$ |
11,082.1 |
$ |
11,495.5 |
| Operating Profit |
|
499.7 |
|
353.4 |
|
107.0 |
| Net Earnings |
|
310.7 |
|
201.0 |
|
49.3 |
| Diluted Earnings per Share |
|
0.98 |
|
0.66 |
|
0.16 |
| Working Capital |
$ |
1,217.7 |
$ |
721.9 |
$ |
790.8 |
| Total Assets |
|
4,765.8 |
|
4,331.6 |
|
4,196.3 |
| Common Stockholders' Equity |
|
2,297.1 |
|
1,848.4 |
|
1,601.3 |
Note: Certain amounts in prior year financial statements have been reclassified to conform to current year presentation.
Employees of Office Depot pictured on cover, clockwise from top left:
Katherine Maas, Francisco Nunez, Keren Campbell, Ramona Nieuwenhuisen, Syd Guevarra
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