Please provide for both companies.

3) Prepare a Financial Risk Analysis by calculating for each company the: a) debt to equity ratio b) return on equity c) interest coverage ratio* B-11 APPENDIX B The Buckle, Inc., 2014 Annual Report THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in Thousands) Fiscal Years Ended February 1. January 31, 2015 February 2. 2013 2014 162,364 $ 162.584 $ 164,305 32.631 5.066 31.679 6013 (1.675) 1.163 33,834 8.388 (1.939) 1.528 988 CASH FLOWS FROM OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to net cash flows from operating activities: Depreciation and amortization Amortization of non-vented stock grants, net of forfeitures Deferred income taxes Other Changes in operating assets and liabilities: Receivables Inventory Prepaid expenses and other assets Accounts payable Accrued employee compensation Accrued store operating expenses Gift certificates rodeemable Income taxes payable Defemed rent liabilities and deferred compensation (2.184) (5.780) 3.50 (2,915) (13) (989) (20.258) (2.255) 2,738 (5.250) (138) 910 (2.699) 2.814 5965 356 (10.281) 6534 1671) 1,004) 1.935 14.897 2,463 361 (1.970) 4.466 195,768 174,026 220,941 Net cash flows from operating activities CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property and equipment Proceeds from sale of property and equipment Other Purchases of investments Proceeds from sales/maturities of investments (45.454) 108 (43.404) (26811) 11 112 (32,314) 30,981 (30.297) 1.140 130 (29.933) 372294 Net cash flows from investing activities (50,619) 30,021) Q1.566) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from the exercise of stock options Excess tax benefit from Hock option exercises Payment of dividends 70 225 (176,604) 399 (97,144) 846 5.609 (254,633) Niet cash now from financing activities (176,309) (96,745) 248.178) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 031,160) (48.903) CASH AND CASH EQUIVALENTS. Beginning of year 164.868 117605 166,311 CASH AND CASH EQUIVALENTS, End of year 133,7085 164 868 $ 117.50 See Botes to consolidated financial statements AMERICAN EAGLE OUTFITTERS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS For the Years Ended February 1, January 31, February 2 2015 2014 2013 $ S 82,983 80.322 8.465 88,787 232,108 31,990 264,098 $ 82,983 5 142,351 16,070 (2.279) (495) 33,468 134,047 (6.541) 20,100 1.37 44,465 128,397 66.349 (30,647) 100 34,869 8.586 3,084 14,282 6.612 (5.280) 1.238 (4,528) 20,716 24,826 19.012) 249.619 38,426 40,148 (29,510) (10.844) (36,089) 28,568 1,269 583 (42.465) (25,840) 27.603 1:46.873 229,856 35.202 (6,664) 404 (8.165) (10,468) 1473 (11,073) 23,018 (7.40) 2018 215.57 109.671 (in thousand Operating activities Net income Los from discontinued operations, net of tax Income from continuing operations Adjustments to reconcile net income to net cash provided by operating activities Depreciation and amortization Share-based compensation Deferred income taxes Foreign currency transaction loss (gain) Loss on impairment of assets Changes in assets and liabilities Merchandise inventory Accounts receivable Prepaid expenses and other Other Accounts payable Unredeemed gift cards and gift certificates Deferred lease credits Accrued compensation and payrolltores Accrued income and other taxes Accredibilities Total adjustments Net cash provided by operating activities from continuing operation Investing activities Capital expenditures for property and equipment Purchase of long-lived assets in a business combination Acquisition of intangible iets Purchase of available for sale securities Sale of available for sale securities Net cash (used for provided by Investing activities from continuing operations Financing activities Payments on capital lenses and other Repurchase of common socks part of publicly one program Repurchase of common stock from employees Net proceeds from options exercised Excess tax benefit from share-based payments Cashed to quity and Cash dividend paid Net cash wed for facing activities from continuing operations Effect of exchange rates on cash Cash flow of discontinued operation Netcash provided by used for operating stivities Netched for investing activities Nel cash used for financing activities Effect of exchanges on cash Net cash proided by used for destined operations Nel decrease is handlet Cash and cash equivalents-beginning of period Cash and cheques de period (245.002) (1.264) (278.499) (20,751) (6,835) (32.065) 193,939) (1.125) (111,086) 15.500 190.650 10.002 195.15 17.143) (2.819) (33,051) (23,386) 6197 8,83 (3,066) 173.354) (4.125) 17,464) 7.305 742 76.001 13.279 (97:274) 103,784 OS (16526) BUD 1401490 (494.55) 304 963 (24616) (780) (237) (9018) 509119 41803 (25.396) (210,426) 719.545 500 119 410M2 THE BUCKLE, INC. CONSOLIDATED BALANCE SHEETS (Amounts in Thousands Except Share and Per Share Amounts) January 31, 2015 February 1, 2014 ASSETS $ CURRENT ASSETS: Cash and cash equivalents Short-term investments (Notes A, B, and C) Receivables Inventory Prepaid expenses and other assets ( NF) Total current assets 133,708 25,857 8,567 129,921 26,536 324.589 164,868 20.197 4318 124,141 28,613 342,137 PROPERTY AND EQUIPMENT (Note D) Less accumulated depreciation and amortition 427,915 (255,252) 172,663 393,656 (235,087) 158.569 LONG-TERM INVESTMENTS (Notes A, B, and C) OTHER ASSETS (Note G) 43,698 2,043 43,436 2.151 S 542.993 $ 546,293 LIABILITIES AND STOCKHOLDERS' EQUITY 5 CURRENT LIABILITIES: Accounts payable Accrued employee compensation Accrued store operating expenses Gift certificates redeemable Income tax payable Total current liabilities 37.147 36,933 9,983 35.714 36,920 9,984 23.992 15.661 122.271 16.187 123381 DEFERRED COMPENSATION (Note) DEFERRED RENT LIABILITY OTHER LIABILITIES (Note) Total 14.261 40,566 10,617 187,715 12,797 37,564 10,621 184.363 COMMITMENTS (Notes and H) STOCKHOLDERS' EQUITY (Note : Common stock, authorized 100,000,000 shares of 8.01 purval 48.379,613 and 4.336.392 shares issued and outstanding January 31, 2015 and February 1, 2014, respectively Additional paid-in capital Retained camps Accumulated other comenchensive loss 131,112 124.134 238.151 1838) CONSOLIDATED STATEMENTS OF INCOME (Amounts in Thousands Except Per Share Amounts) January 31, 2015 Fiscal Years Ended February 1, 2014 February 2, 2013 SALES, Net of retums and allowances of $110,793, S108,851, and 5106,612, respectively 1.153.142 S 1,128,001 $ 1,124,007 COST OF SALES (Including buying, distribution, and occupancy costs) 645,810 628,856 624,692 Gross profit 507,332 499.145 499,315 OPERATING EXPENSES: Selling General and administrative 212.688 37.671 250.359 206,893 35.258 242,151 201.963 39,177 241,140 256,973 256994 258,175 2.723 3,462 3,524 INCOME FROM OPERATIONS OTHER INCOME, Net (Note A) INCOME BEFORE INCOME TAXES PROVISION FOR INCOME TAXES (Note F) 259,696 260,456 261,699 97,132 97,872 97,394 NET INCOME 162.564 S 162.584 s 164.305 EARNINGS PER SHARE (Note K) Basic 3.39 $ 3.41 347 Diluted 3.38 $ 3.39 $ 3.44 See notes to consolidated financial statements APPENDIX B The Buckle, Inc., 2014 Annual Report B- THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Amounts in Thousands) January 31, 2015 Fiscal Years Ended February 1, 2014 February 2, 2013 NET INCOME 162,564 $ 162,584 $ 164,305 OTHER COMPREHENSIVE INCOME, NET OF TAX: Change in unrealised loss on investments, net of tax of S240, 556, and S(138), respectively Other comprehensive income 409 400 96 96 (235) (235) 162,973 162.680 s 164,070 COMPREHENSIVE INCOME See notes to consolidated financial statements. AMERICAN EAGLE OUTFITTERS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS For the Year Ended February 1, 2014 $3,305,802 2.191,803 1.113.999 796,505 February 2. 2013 $3/475.802 2,085,480 1,390,322 834,601 (ie thousands, excepte share am) Total net revenue Cost of sales, including certain buying, occupancy and warehousing expenses Gross profit Selling, general and administrative expenses Restructuring charges Loss on impairment of assets Depreciation and amortization expense Operating income Other income, net Income before income taxes Provision for income taxes Income from continuing operations Loss from discontinued operations, net of tax Net income Basic income per common share: Income from continuing operations Loss from discontinued operations Basie net income per common share Diluted income per common share: Income from continuing operations Loss from discontinued operations Diluted net income per common share Weighted average common shares outstanding-basic Weighted average common shares outstanding --- diluted Juary 2015 $3,282,867 2.128,193 1,154,674 806,498 17.752 33.468 141.191 155,765 3.737 159,502 70.215 88,787 (8,465) 80,322 44,465 131.974 141,055 1,022 142,077 59,094 82,983 34,869 126,246 394,606 7432 402,038 137.940 264,098 (31.990 $_222.108 S 82.983 S s 0.43 0.46 (0.00) 0.42 1.35 0.16 119 0.43 $ s 0.43 S 0.46 (0.04) 0.42 194,437 195,135 s 043 132 (0.16) 1.16 196,211 200,665 192,802 194,475 A-6 APPENDIX A American Eagle Outfitters, Inc., 2014 Annual Report AMERICAN EAGLE OUTFITTERS, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME January 31, For the Year Ended February 1, February 2015 $ 80,322 2014 S 82,983 2013 S232,108 (I thousand) Net income Other comprehensive (loss) income: Foreign currency translation (loss) gain Other comprehensive (loss) income Comprehensive income (22.101) (22.101) $ 58,221 (17.140) (17.140 $ 65,843 638 638 S232,746 AMERICAN EAGLE OUTFITTERS, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY Accumulated Other Shares Comprehensive Outstanding Contributed Retained Treasury Income Stock Capital Farid Stock (Loss) 193,848 $ 2,496 S 552,797 $1,271,464 $(938,565 S 28.659 76,108 Stockholders' Equity $1.416,851 76,108 (8.407) (280) 7,443 (173,554) (4,125) 125,515 (11.054) (36.213) 232,108 (173,554) (4,125) 78,248 232,108 638 638 9.214 (414,301) 192,604 $2,496 S 627.065 51.553.058 1,184 S1990.729) (405.087) 29,297 S1,221.187 1,184 la show and shape ameah) Balance at January 28, 2012 Stock awards Repurchase of common stock as part of publicly announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive income Cash dividends and dividend equivalents (52.05 per share) Balance at February 2, 2013 Stock awards Repurchase of common stock as part of publicly announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive income Cash dividends and dividend equivalents (50.375 per share) Balance at February 1, 2014 Stock awards Repurchase of common stock from employees Reissuance of treasury stock Net Income Other comprehensive income Cash dividends and dividend equivalents (50.50 per share) Balance at January 31, 2015 (1.600) (1.059) 3.204 (33.051) (23,385) 55,831 (56,706) - 6,090 82.983 (33,051) (23,385) 5,215 82.983 (17.140) (17.140) 1,465 (22,280) 193.149 52.496 5573,008 51.569,851 51991,114) 12,372 (517) (7.464) 1,884 (17,988) (7.503) 33,232 80.322 HII III (70.815) 12.157 S1,166,178 12,372 (7.464) 7,741 80,322 (22.101) (22,101) 2,283 (99.585) 194,516 52.496 5569.675 S1,543.085 S1965.566) (97,302) (9.944) $1,139,746 (1) 600,000 authorized, 249,566 issued and 194,516 outstanding. 50.01 par value common stock at January 31, 2015; 600,000 authorized, 249,566 issued and 193,149 outstanding, 50.01 par value common stock at February 1, 2014; 600,000 authorized, 249,566 issued and 192,604 outstanding. $0.01 par value common stock at February 2, 2013. The Company has 5,000 authorized, with none issued or outstanding, 50.01 par value preferred stock at January 31, 2015 February 1, 2014 and February 2, 2013. (2) 55,050 shares, 56,417 shares, and 56,962 shares at January 31, 2015, February 1, 2014 and February 2, 2013, respectively. During Fiscal 2014, Fiscal 2013, and Fiscal 2012, 1,884 shares, 3,204 shares, and 7,443 shares, respectively, were reissued from treasury stock for the issuance of share-based payments. Refer to Notes to Consolidated Financial Statements pdf a W