Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required: 1. At the end of the most recent fiscal year, how many shares of common stock are authorized? How many shares are issued? How

image text in transcribedimage text in transcribedimage text in transcribed

Required: 1. At the end of the most recent fiscal year, how many shares of common stock are authorized? How many shares are issued? How many shares are outstanding? (Enter your answer in thousands not in whole dollars.) 2. Did the company pay dividends during the most recent fiscal year? If so, how much per share? (Round your answer to 2 decimal places.) 3. Does the company report treasury stock at the end of the most recent fiscal year? If so, what dollar amount does it report? (Enter your answer in thousands not in whole dollars.) 4. Did the company repurchase any shares of its common stock for tax withholding obligations during the most recent fiscal year? (Enter your answer in thousands not in whole dollars.) 5. What is the par value of Express's common stock? (Round your answer to 2 decimal places.) 1. Authorized common stock Issued common stock Outstanding common stock 2. Dividends 3. Reported treasury stock 4. Common stock repurchased 5. Par value per share per share $ S ITEM 6. SELECTED FINANCIAL DATA. SELECTED HISTORICAL CONSOLIDATED FINANCIAL AND OPERATING DATA The following tables set forth our key financial measures and our selected historical consolidated financial and operating data as of the dates and for the periods indicated. The selected historical consolidated financial and operating data as of February 3, 2018 and January 28, 2017 and for the years ended February 3, 2018, January 28, 2017, and January 30, 2016 are derived from our audited Consolidated Financial Statements included elsewhere in this Annual Report on Form 10-K. The selected historical consolidated financial data as of January 30, 2016, January 31, 2015, and February 1, 2014, and the selected operating data for the periods ended January 31, 2015 and February 1, 2014 are derived from our audited Consolidated Financial Statements, which are not included elsewhere in this Annual Report on Form 10-K. The following selected historical consolidated data presented should be read in conjunction with the sections entitled Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," and our Consolidated Financial Statements and the related Notes and other financial data included elsewhere in this Annual Report on Form 10-K. Fiscal Year Ended 2017 2016 2015 2014 2013 (dollars in thousands, excluding net sales per gross square foot and per share data) Statement of Operations Data: Net sales 2,138,030 $ 2,192,547 $ 2,350,129 $ 2,165,481 2,219,125 Cost of goods sold, buying and occupancy costs 1,522,797 $ 1,529,343 $ 1,554,852 $ 1,504,527 $ 1,501,418 Gross profit 615,233 $ 663,204 $ 795,277 $ 660,954 717,707 Selling, general, and administrative expenses 562,088 $ 559,541 S 587,747 $ 524.041 $ 504,277 Operating income 29,740 $ 103,601 $ 207,238 $ 136,597 214.259 Net income 19,366 $ 57.417 S 116,513 $ 68,325 $ 116,539 Dividends declared per share $ $ $ Earnings per share: Basic $ 0.25 0.73 S 1.39S 0.81 $ 1.38 Diluted 0.25 $ 0.73 $ 1.38 0.81 $ 1.37 Weighted Average Diluted Shares Outstanding 78,870 79,049 84,591 84,554 85,068 Other Financial and Operating Data: Comparable sales (3)% (9)% 6% (5)% 3% Comparable sales (excluding e-commerce sales) (10)% (12% 4% (7)% (1)% Total gross square feet (in thousands) (average) 5,487 5,604 5,573 5,529 5,439 Number of stores (at year end) 635 656 653 641 632 Capital expenditures 57,435 98,712 115,343 $ 115,088 $ 105,368 Balance Sheet Data (at period end): Cash and cash equivalents 236,222 207,373 186,903 $ 346,159 311,884 Working capital 38,050 24,363 19,113 20,618 (27,630) Total assets 1,187,607 1,185,189 1,178,644 1,278,150 1,182,670 Total debt 199.527 199,170 Total stockholders' equity $ 654,000 $ 635,687 617,953 $ 556,339 $ 474,569 S S S S S S 2017 represents al 53-week year. EXPRESS, INC. CONSOLIDATED BALANCE SHEETS (Amounts in Thousands, Except Per Share Amounts) February 3, 2018 January 28, 2017 S 236,222 207,373 15,787 ASSETS CURRENT ASSETS: Cash and cash equivalents Receivables, net Inventories Prepaid minimum rent Other Total current assets 241,424 12,084 266,271 30,779 19,780 31,626 17,923 565,136 514,133 1,047,447 1.029,176 PROPERTY AND EQUIPMENT Less: accumulated depreciation Property and equipment, net (642,434) 405,013 (577,890) 451,286 197,618 TRADENAME/DOMAIN NAMES/TRADEMARKS DEFERRED TAX ASSETS OTHER ASSETS Total assets 197,618 7,025 12,815 1,187,607 7,926 14.226 1,185,189 S $ S S 172,668 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable Deferred revenue Accrued expenses Total current liabilities 145,589 28,920 116,355 290,864 29,428 80,301 282,397 137,618 DEFERRED LEASE CREDITS OTHER LONG-TERM LIABILITIES Total liabilities 105,125 533,607 146,328 120,777 549,502 COMMITMENTS AND CONTINGENCIES (Note 13) - 926 921 199,099 185,097 STOCKHOLDERS' EQUITY: Preferred stock - $0.01 par value; 10,000 shares authorized; no shares issued or outstanding Common stock - $0.01 par value; 500,000 shares authorized; 92,647 shares and 92,063 shares issued at February 3, 2018 and January 28, 2017, respectively, and 76,724 shares and 78,422 shares outstanding at February 3, 2018 and January 28, 2017, respectively Additional paid-in capital Accumulated other comprehensive loss Retained earnings Treasury stock at average cost; 15,923 shares and 13,641 shares at February 3, 2018 and January 28, 2017, respectively Total stockholders' equity Total liabilities and stockholders' equity (3,803) 710,081 690,715 (237,243) (256,106 ) 635,687 654,000 1,187,607 S $ 1,185,189 dol

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistical Techniques For Analytical Review In Auditing

Authors: Kenneth W. Stringer, Trevor R. Stewart

1st Edition

047186076X, 978-0471860761

More Books

Students also viewed these Accounting questions