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Fiscal Year Ended 1/28/2018 1/29/2017 1/31/2016 2/1/2015 2/2/2014 Yr '16-'17 (in thousands, except per share data) Selected Income Statement Data Net revenue $ 2,649,181 $
Fiscal Year Ended | ||||||
1/28/2018 | 1/29/2017 | 1/31/2016 | 2/1/2015 | 2/2/2014 | Yr '16-'17 | |
(in thousands, except per share data) | ||||||
Selected Income Statement Data | ||||||
Net revenue | $ 2,649,181 | $ 2,344,392 | $ 2,060,523 | $ 1,797,213 | $ 1,591,188 | 13% |
Cost of goods sold | 1,250,391 | 1,144,775 | 1,063,357 | 883,033 | 751,112 | 9% |
Gross profit | 1,398,790 | 1,199,617 | 997,166 | 914,180 | 840,076 | 17% |
SG&A | 904,264 | 778,465 | 628,090 | 538,147 | 448,718 | 16% |
Asset impairment and restructuring cost | 38,525 | - | - | - | - | |
Operating profit | 456,001 | 421,152 | 369,076 | 376,033 | 391,358 | 8% |
Net profit (loss) | $ 258,662 | $ 303,381 | $ 266,047 | $ 239,033 | $ 279,547 | -15% |
Earnings per share - basic | $ 1.90 | $ 2.21 | $ 1.90 | $ 1.66 | $ 1.93 | -14% |
Earnings per share - diluted | 1.90 | 2.21 | 1.89 | 1.66 | 1.91 | -14% |
Balance Sheet Data | ||||||
Cash & cash equivalents | $ 990,501 | $ 734,846 | $ 501,482 | $ 664,479 | $ 698,649 | 35% |
Inventories | 329,562 | 298,432 | 284,009 | 208,116 | 188,790 | 10% |
Total assets | 1,998,483 | 1,657,541 | 1,314,077 | 1,296,213 | 1,252,388 | 21% |
Stockholders' equity | 1,596,960 | 1,359,973 | 1,027,482 | 1,089,568 | 1,096,682 | 17% |
What is the most significant change from FISCAL 2016 to 2017 (end 1/28/18) on the balance sheet or income statement, what does this change tell you about their strategy (i.e., what do the data communicate about the way the company is being managed?), and how does your account about their strategy similar to or different from what others and/or company management say about it?
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