Three-year analysis of Profitability ratios (1) 2017 (2) 2018 (3)2019

(1) 2017 (2) 2018 (3)2019

Industry 8) BALANCE SHEET ASSETS $000s Cash On Hand 72,180 Accounts Receivable 1) 264,312 Footwear Inventories 68,974 Total Current Assets 405,466 Net Investment in Facilities and Equipment 756,416 Construction Work in Progressor) 48.000 Production Improvement Options On Order 0. Total Fixed Assets (2) 804,416 Total Assets 1,209,882 LIABILITIES $000s Accounts Payable tree Note 33 64.295 1-Year Bank Loan Payable Note 4 0 Current Portion of Long-Term Bank Loans see 59,900 Overdraft Loan Payable (se Note 6) 0 Total Current Liabilities 124,195 Long Term Bank Loans Outstanding som 184,900 Total Liabilities 309,095 SHAREHOLDER EQUITY Beginning Chave Bance in YM $000s Common Stock (Note 20,850 -300 20,550 Additional Capital se Note 145,501 -78,888 66,613 Retained Eamings Note 10 614542 199,082 813,624 Total Shareholder Equity 780,893 119,894 900.787 Return On Average Shareholder Equity Note 1) 28.15 Nolet. Of 7247 a wand private every reported on the Y17 sont was cold and 25 weted in Y Note: For more deeon Sed in the acces and report frage for these Cory Ching Report Mote of the 257,478 metendo Footwearprodon Year 17, 75W Yeart 2 wil te perdorin art Note: The company's Year 17 i stora year banana Noem mente proportion of canding and Deer bank due to be upcoming year w 18 Nobelor cured way to preventie pe ca und deren we had a 20% by the company tovarlar Note Long de bank loan ovaladiny Out Ano Yeart Inn Origina based standing Po ner NEN PP Papel 3.000 12 Oy 6000 D 000 7.7% 19,00 VOD 1,524 56. Od 5 0 000 2000 TO 100 000 25.000 3.000 CASH FLOW STATEMENT CASH AVAILABLE IN YEAR 17 $0005 Beginning Cash Balance carried over tom prioryan 60.958 Cash -Receipts from Footwear Sales 1,460,849 inflows Bank Loans 1-Year Loan O 5-Year Loan 0 10-Year Loan 0 Stock issue shares ) Sale of Production Equipment 0 Interest income on Y16 Cash Balance 1,768 Loan to Cover Overdraft dyrar 0 Cash Refund faded by instructor Total Cash Available from All Sources 1,523,575 CASH OUTLAYS IN YEAR 17 $000s Cash -Payments to Materials Suppliers (2) 245, 415 Outlays Production Expenses - 292,179 Distribution and Warehouse Expenses 184 743 Marketing and Administrative Expenses 305,105 Capital - Facility Expension 48.000 Outlays Equipment Purchases 80,000 Production Imp. Options 16,400 Energy Efficiency Initiatives 1.250 Bank Loan 1-Year Loan 0 Repayment 5-Year Loans 0 Note 4 10-Year Loans 59,900 interest Bank Loans 23537 Payments Y16 Overdraft Loan 0 Stock Repurchase repudased 79.188 Income Tax Payments 94,128 Dividend Payments to Shareholders 20.550 Charitable Contributions 1,000 Cash Finessed by structor) O Total Cash Outlays 1.451,395 Net Cash Balance hedef Yem 72,180 Note: The consists of a free recorded in 1.70% of whole private recorded in YT, and accounts receivable from Note2. The consists of the cost of Y17 bo mand 20% of 416 production and als due to a month aginpaimas appliers Not : This Y7 produced expenses for exchange rate coat Impedal scept fordon (which is a non-cash counting harya! Note: Ayarlane houding when recind Year 16 were 17 for a year loans recrear whepadhyer 17 Oy YI YET - TATA - Year 20 Year 18 Menu A-ABJLO Solutions (Industry) BALANCE SHEET & CASH FLOW STATEMENT ORT Borts we Etort orts 5 ORTS BALANCE SHEET ASSETS $000s Cash On Hand 63,392 Accounts Receivable et 301,735 Footwear Inventories 75 931 Total Current Assets 441058 Net Investment in Facilities and Equipment 821.457 Construction Work in Progress o 48.000 Production Improvement Options On Order 0 Total Fixed Assets Note 2 869 457 Total Assets 1,310,515 LIABILITIES $000s Accounts Payablete) 74 423 1-Year Bank Loan Payable Note 4 0 Current Portion of Long-Term Bank Loans 59.900 Overdraft Loan Payable et 0 Total Current Liabilities 134,323 Long Term Bank Loans Outstanding 125,000 Total Liabilities 259.323 Big Change SHAREHOLDER EQUITY YA $000s Common Stockton 20.550 -500 20.050 Additional Capital Note 66,613 -117.455 -50,862 Retained Earnings te No 10 813,762 268 232 1.081,994 Total Shareholder Equity 900.925 150 267 1.051,192 Return On Average Shareholder Equity 31.6 Motor206.31 handed on now.789 yan On y M. For more on and Cover as the Company Operating report Horor 1976 of meer production Yeart Year Ne the Year for bas Mob: The compreended Syed torta years Notes for home veren cam Balance and that is 2.o the company yearbon Note Login ou Year Lean Degna ning al 0.000 E000 3000 Me 00 NO CASH FLOW STATEMENT CASH AVAILABLE IN YEAR 18 5000s Beginning Cash Balance ( terrompre 72.180 Cash Receipts from Footwear Sales (1) 1,674,111 Inflows Bank Loans 1-Year Loan 5-Year Loan 0 10-Year Loan 0 Stock issue os 0 Sale of Production Equipment 0 Interest income on Y17 Cash Balance 794 Loan to Cover Overdraft you 0 Cash Refund weiter 0 Total Cash Available from All Sources 1.747,085 CASH OUTLAYS IN YEAR 18 $0005 Cash Payments to Materials Suppliers 2 287,565 Outlays Production Expenses - 331,346 Distribution and Warehouse Expenses 202,906 Marketing and Administrative Expenses 331,946 Capital Facility Expension 48.000 Outlays Equipment Purchases 80,000 Production Imp. Options 16,400 Energy Efficiency Initiatives 2.900 Bank Loan 1-Year Loan 0 Repayment 5-Year Loans 0 10-Year Loans 59,900 Interest Bank Loans 18.900 Payments Y17 Overdraft Loan 0 Stock Repurchase or put 25. 117.965 Income Tax Payments 132.142 Dividend Payments to Shareholders 40.100 Charitable Contributions 13.623 Cash Fineid by Total Cash Outlays 1,683,693 Net Cash Balance throw 13,392 Wote Thor of Female Porn precorded in and accountable from Y17 Note: This 75% of the cout of Yon marile defi? materiale cose hem Note Vis production speed rather more precise whenon.ca con el Not Auranger in Year 18. Bere on year and Yeart wrap Year TIONS set DO -Year 20 Year 19 - Help - Pn Year 19 Menu A - ABJLO Solutions (Industry 8) BALANCE SHEET & CASH FLOW STATEMENT EPORT $000s CSRC) CE Efforts tive Effort Horts TS PORTS BALANCE SHEET ASSETS Cash On Hand 68,857 Accounts Receivable 1 317,195 Footwear Inventories 59 993 Total Current Assets 456,045 Net Investment in Facilities and Equipment 876,183 Construction Work in Progress or 0 Production Improvement Options On Order 0 Total Fixed Assets 2) 876,183 Total Assets 1.332.226 LIABILITIES $000s Accounts Payable to 75 746 1-Year Bank Loan Payable 0 Current Portion of Long-Term Bank Loans) 50.000 Overdraft Loan Payable 0 Total Current Liabilities 125,746 Long Term Bank Loans Outstanding Note 7 75.000 Total Liabilities 200.746 Beginning Change SHAREHOLDER EQUITY Biance $000s Common Stock Note) 20.050 -600 19 450 Additional Capital) -50.652 227 748 -278,600 Retained Earnings Note 10) 1,082 295 308,337 1,390 632 Total Shareholder Equity 1051,493 79,989 1,131,482 Return On Average Shareholder Equity testo in 32.3% Non Of The S260779 of who and the reported on theYT come why bed in 720 Nore: For more den udvent the Face and comentet The Company Operating theportes Note of the 3.302.905 me for over production Year 1975 waspador Yeart and 25 will be printed Mate. The company's Year Time for an oun was Note: Themen her portion of tanding and on antee peaming year (20) Noe Loans for at se humed automatically to prevent a negative arendu balandhari Zoran cara male No Herman vanding CASH FLOW STATEMENT CASH AVAILABLE IN YEAR 19 3000s Beginning Cash Balance are over from prior year 63,392 Cash Receipts from Footwear Sales Neth 1.811.413 Intiows Bank Loans 1-Year Loan 0 5-Year Loan 0 10-Year Loan 0 Stock Issues 0 Sale of Production Equipment 0 Interest Income on Y18 Cash Balance 1.775 Loan to Cover Overdraft wron) 0 Cash Refunded by 0 Total Cash Available from All Sources 1.876,580 CASH OUTLAYS IN YEAR 19 $000s Cash Payments to Materials Suppliers 301,662 Outlays Production Expenses 329,954 Distribution and Warehouse Expenses 210.771 Marketing and Administrative Expenses 352.906 Capital Facility Expension 0 Outlays Equipment Purchases 80,000 Production Imp. Options 16,400 Energy Efficiency Initiatives 3,300 Bank Loan 1-Year Loan 0 Repayment 5-Year Loans 0 Note 10-Year Loans 59.900 Interest Bank Loans 14,262 Payments Y18 Overdraft Loan 0 Stock Repurchase 1000 0228 348 Income Tax Payments 150.900 Dividend Payments to Shareholders 43.763 Charitable Contributions 15,567 Cash Finessed by 0 Total Cash Outlays 1,807,723 Net Cash Balance de 10 68,867 Note Thich one res recorded in 1975 and pww.breve corded in 19, and economy Note: This com control the cost of production mark and 2010 production de couragem in Yi TIONS Note Year 17 - Help - -ABJLO Solutions dustry ) INCOME STATEMENT Year CONSOLIDATED INCOME STATEMENT North Europe- Asia- Latin Company America Africa Pacific America Total Segment Internet 111,543 109.990 92,881 113,317 Revenues 427731 Wholesale see N 1 217,668 300,250 199,584 274,250 991,752 Private-Label 26,104 27 887 29.460 30.196 113,647 Gross Revenues from Footwear Sales 355,315 438 127 321,925 417,763 1,533,130 + Exchange Rate Adjustments 0 -12.363 -1,260 -49,511 63,134 Net Revenues from Footwear Sales 355 315 425,764 320 685 368,252 1.469.996 Operating Cost of Pairs Sold (se Notet) 169.727 202.744 137 297 184,682 694,450 Costs Warehouse Expenses 32 465 35,560 30,776 35,111 133 912 Marketing Expenses 67 135 75.405 58 509 64,407 265,456 Administrative Expenses 8.818 11.569 8,429 10,833 39,649 Operating Protit (Loss) 77,170 100,486 85,654 73,219 336 529 Interest Income (Expense) -21,759 Profitability and Payout Year 16 Year 17 Other income or (Expense) (Note 2 -1,000 Earnings Per Share $10.81 $10.69 Pre-Tax Profit (Loss) 313,760 Dividends Per Share $1.00 $1.00 Income Taxes de Note 3) 94,128 Net Profit (Loss) 219.632 Note 1: These doma leo molde revenue collected from and cost cry crearance at the beginning of the year. For more detail on very clearance see the last section of the Distribution and Warehouse report Note: This entile chantable contributions and instructorwarded funds and used forwaring a negative Note: The encome tax rate ON Wanelous was recorded in the prior wrisane forward and may offeet some or all the income the currentlar and reduce current income BRANDED MARKET PERFORMANCE Year 18 - Help LO Solutions Yea INCOME STATEMENT Eosts North Europe- Asia- Latin Company CONSOLIDATED INCOME STATEMENT America Africa Pacific America Total Segment Internet 116.622 124 551 99,912 129,577 470,662 Revenues Wholesale bet 241.625 320,322 239,029 314,985 1.115,961 Private-Label 29,537 30,406 32.990 34,955 127 888 Gross Revenues from Footwear Sales 387,784 475,279 371,931 479,517 1,714,511 Exchange Rate Adjustments 0 2.194 2.424 -7,596 -2.978 Net Revenues from Footwear Sales 387 784 477 473 374,355 471,921 1,711,533 Operating cost of Pairs Solde 184,622 213,009 154,736 205,924 758,291 Warehouse Expenses 34 929 39.585 34,064 40,512 149,090 Marketing Expenses 73,573 80.764 65.797 67,978 288,112 Administrative Expenses 9512 12,361 9,623 12.341 43,837 Operating Profit (Loss) 85,148 181.754 110,135 145,166 472.203 Interest Income (Expense) -18,106 Profitability and Payout Year 17 Year 18 Other Income or (Expense) Note 21 -13,623 Earnings Per Share $10.69 $15.38 Pre-Tax Profit (Loss) 440,474 Dividends Per Share $1.00 $2.00 Income Taxes e o 132.142 Net Profit (Loss) 308,332 Note: Therme de revered from and dance at the beginning of the year For more detail on entory wrance, election of the Don Warehouse port Note: This chant contention and recorded refunde androposed fines appearing negative Note: The rooms are in the year themed war and may oft me or be income the current year and reduce currently are BRANDED MARKET PERFORMANCE EX RR profit BALA M Inbox Asce AN LU speed SW Spees http C Com C Com Llique Year 19 INCOME STATEMENT - ABJLO Solutions (Industry 8) CONSOLIDATED INCOME STATEMENT Segment Internet Revenues Wholesale see Note 1) Private Label Gross Revenues from Footwear Sales + Exchange Rate Adjustments Net Revenues from Footwear Sales Operating Cost of Pairs SoldeNote 1) Costs Warehouse Expenses Marketing Expenses Administrative Expenses Operating Profit (Loss) North America 132,345 251 472 32.189 416,006 0 416.006 193.954 36, 710 75 868 10.687 98.787 Europe- Asia- Latin Africa Pacific America 130,348 118,851 144.995 318.600 246 472 321.718 31.631 17 848 38,944 480 579 383,171 505,657 5,584 9.152 26.724 486 163 392 323 532,381 216 287 156.518 219.605 39.427 36,288 44 133 83.163 71,078 74,773 13,259 10.858 13,221 134.027 117,581 180,649 Interest Income (Expense) Other Income or (Expense) (see Note 2 Pre-Tax Profit (Loss) Income Taxes e Note 3) Net Profit (Loss) Company Total 526,539 1,138,262 120.612 1.785,413 41.460 1.826,873 786,364 156.558 304.882 48,025 531,044 Profitability and Payout Year 18 Earnings Per Share $15.38 Dividends Per Share $2.00 Year 19 $18.10 $2.25 -12,487 15,557 503,000 150.900 352,100 Note: These deme also include revenues collected from and contacten Inventory clearance the beginning of the year For more details on inventory clearance, the last action of the busion and Warehouse report Note: This includes chable contribution and for instructor awarded minds and intructor mposed Pineappearing as negative Note: The Income for all 30% e nella was recorded in the prior year, the cared forward and may offee or a taxable income the current year and reduce currenyew income taxes BRANNEN MARKET PSPORT Industry 8) BALANCE SHEET ASSETS $000s Cash On Hand 72,180 Accounts Receivable 1) 264,312 Footwear Inventories 68,974 Total Current Assets 405,466 Net Investment in Facilities and Equipment 756,416 Construction Work in Progressor) 48.000 Production Improvement Options On Order 0. Total Fixed Assets (2) 804,416 Total Assets 1,209,882 LIABILITIES $000s Accounts Payable tree Note 33 64.295 1-Year Bank Loan Payable Note 4 0 Current Portion of Long-Term Bank Loans see 59,900 Overdraft Loan Payable (se Note 6) 0 Total Current Liabilities 124,195 Long Term Bank Loans Outstanding som 184,900 Total Liabilities 309,095 SHAREHOLDER EQUITY Beginning Chave Bance in YM $000s Common Stock (Note 20,850 -300 20,550 Additional Capital se Note 145,501 -78,888 66,613 Retained Eamings Note 10 614542 199,082 813,624 Total Shareholder Equity 780,893 119,894 900.787 Return On Average Shareholder Equity Note 1) 28.15 Nolet. Of 7247 a wand private every reported on the Y17 sont was cold and 25 weted in Y Note: For more deeon Sed in the acces and report frage for these Cory Ching Report Mote of the 257,478 metendo Footwearprodon Year 17, 75W Yeart 2 wil te perdorin art Note: The company's Year 17 i stora year banana Noem mente proportion of canding and Deer bank due to be upcoming year w 18 Nobelor cured way to preventie pe ca und deren we had a 20% by the company tovarlar Note Long de bank loan ovaladiny Out Ano Yeart Inn Origina based standing Po ner NEN PP Papel 3.000 12 Oy 6000 D 000 7.7% 19,00 VOD 1,524 56. Od 5 0 000 2000 TO 100 000 25.000 3.000 CASH FLOW STATEMENT CASH AVAILABLE IN YEAR 17 $0005 Beginning Cash Balance carried over tom prioryan 60.958 Cash -Receipts from Footwear Sales 1,460,849 inflows Bank Loans 1-Year Loan O 5-Year Loan 0 10-Year Loan 0 Stock issue shares ) Sale of Production Equipment 0 Interest income on Y16 Cash Balance 1,768 Loan to Cover Overdraft dyrar 0 Cash Refund faded by instructor Total Cash Available from All Sources 1,523,575 CASH OUTLAYS IN YEAR 17 $000s Cash -Payments to Materials Suppliers (2) 245, 415 Outlays Production Expenses - 292,179 Distribution and Warehouse Expenses 184 743 Marketing and Administrative Expenses 305,105 Capital - Facility Expension 48.000 Outlays Equipment Purchases 80,000 Production Imp. Options 16,400 Energy Efficiency Initiatives 1.250 Bank Loan 1-Year Loan 0 Repayment 5-Year Loans 0 Note 4 10-Year Loans 59,900 interest Bank Loans 23537 Payments Y16 Overdraft Loan 0 Stock Repurchase repudased 79.188 Income Tax Payments 94,128 Dividend Payments to Shareholders 20.550 Charitable Contributions 1,000 Cash Finessed by structor) O Total Cash Outlays 1.451,395 Net Cash Balance hedef Yem 72,180 Note: The consists of a free recorded in 1.70% of whole private recorded in YT, and accounts receivable from Note2. The consists of the cost of Y17 bo mand 20% of 416 production and als due to a month aginpaimas appliers Not : This Y7 produced expenses for exchange rate coat Impedal scept fordon (which is a non-cash counting harya! Note: Ayarlane houding when recind Year 16 were 17 for a year loans recrear whepadhyer 17 Oy YI YET - TATA - Year 20 Year 18 Menu A-ABJLO Solutions (Industry) BALANCE SHEET & CASH FLOW STATEMENT ORT Borts we Etort orts 5 ORTS BALANCE SHEET ASSETS $000s Cash On Hand 63,392 Accounts Receivable et 301,735 Footwear Inventories 75 931 Total Current Assets 441058 Net Investment in Facilities and Equipment 821.457 Construction Work in Progress o 48.000 Production Improvement Options On Order 0 Total Fixed Assets Note 2 869 457 Total Assets 1,310,515 LIABILITIES $000s Accounts Payablete) 74 423 1-Year Bank Loan Payable Note 4 0 Current Portion of Long-Term Bank Loans 59.900 Overdraft Loan Payable et 0 Total Current Liabilities 134,323 Long Term Bank Loans Outstanding 125,000 Total Liabilities 259.323 Big Change SHAREHOLDER EQUITY YA $000s Common Stockton 20.550 -500 20.050 Additional Capital Note 66,613 -117.455 -50,862 Retained Earnings te No 10 813,762 268 232 1.081,994 Total Shareholder Equity 900.925 150 267 1.051,192 Return On Average Shareholder Equity 31.6 Motor206.31 handed on now.789 yan On y M. For more on and Cover as the Company Operating report Horor 1976 of meer production Yeart Year Ne the Year for bas Mob: The compreended Syed torta years Notes for home veren cam Balance and that is 2.o the company yearbon Note Login ou Year Lean Degna ning al 0.000 E000 3000 Me 00 NO CASH FLOW STATEMENT CASH AVAILABLE IN YEAR 18 5000s Beginning Cash Balance ( terrompre 72.180 Cash Receipts from Footwear Sales (1) 1,674,111 Inflows Bank Loans 1-Year Loan 5-Year Loan 0 10-Year Loan 0 Stock issue os 0 Sale of Production Equipment 0 Interest income on Y17 Cash Balance 794 Loan to Cover Overdraft you 0 Cash Refund weiter 0 Total Cash Available from All Sources 1.747,085 CASH OUTLAYS IN YEAR 18 $0005 Cash Payments to Materials Suppliers 2 287,565 Outlays Production Expenses - 331,346 Distribution and Warehouse Expenses 202,906 Marketing and Administrative Expenses 331,946 Capital Facility Expension 48.000 Outlays Equipment Purchases 80,000 Production Imp. Options 16,400 Energy Efficiency Initiatives 2.900 Bank Loan 1-Year Loan 0 Repayment 5-Year Loans 0 10-Year Loans 59,900 Interest Bank Loans 18.900 Payments Y17 Overdraft Loan 0 Stock Repurchase or put 25. 117.965 Income Tax Payments 132.142 Dividend Payments to Shareholders 40.100 Charitable Contributions 13.623 Cash Fineid by Total Cash Outlays 1,683,693 Net Cash Balance throw 13,392 Wote Thor of Female Porn precorded in and accountable from Y17 Note: This 75% of the cout of Yon marile defi? materiale cose hem Note Vis production speed rather more precise whenon.ca con el Not Auranger in Year 18. Bere on year and Yeart wrap Year TIONS set DO -Year 20 Year 19 - Help - Pn Year 19 Menu A - ABJLO Solutions (Industry 8) BALANCE SHEET & CASH FLOW STATEMENT EPORT $000s CSRC) CE Efforts tive Effort Horts TS PORTS BALANCE SHEET ASSETS Cash On Hand 68,857 Accounts Receivable 1 317,195 Footwear Inventories 59 993 Total Current Assets 456,045 Net Investment in Facilities and Equipment 876,183 Construction Work in Progress or 0 Production Improvement Options On Order 0 Total Fixed Assets 2) 876,183 Total Assets 1.332.226 LIABILITIES $000s Accounts Payable to 75 746 1-Year Bank Loan Payable 0 Current Portion of Long-Term Bank Loans) 50.000 Overdraft Loan Payable 0 Total Current Liabilities 125,746 Long Term Bank Loans Outstanding Note 7 75.000 Total Liabilities 200.746 Beginning Change SHAREHOLDER EQUITY Biance $000s Common Stock Note) 20.050 -600 19 450 Additional Capital) -50.652 227 748 -278,600 Retained Earnings Note 10) 1,082 295 308,337 1,390 632 Total Shareholder Equity 1051,493 79,989 1,131,482 Return On Average Shareholder Equity testo in 32.3% Non Of The S260779 of who and the reported on theYT come why bed in 720 Nore: For more den udvent the Face and comentet The Company Operating theportes Note of the 3.302.905 me for over production Year 1975 waspador Yeart and 25 will be printed Mate. The company's Year Time for an oun was Note: Themen her portion of tanding and on antee peaming year (20) Noe Loans for at se humed automatically to prevent a negative arendu balandhari Zoran cara male No Herman vanding CASH FLOW STATEMENT CASH AVAILABLE IN YEAR 19 3000s Beginning Cash Balance are over from prior year 63,392 Cash Receipts from Footwear Sales Neth 1.811.413 Intiows Bank Loans 1-Year Loan 0 5-Year Loan 0 10-Year Loan 0 Stock Issues 0 Sale of Production Equipment 0 Interest Income on Y18 Cash Balance 1.775 Loan to Cover Overdraft wron) 0 Cash Refunded by 0 Total Cash Available from All Sources 1.876,580 CASH OUTLAYS IN YEAR 19 $000s Cash Payments to Materials Suppliers 301,662 Outlays Production Expenses 329,954 Distribution and Warehouse Expenses 210.771 Marketing and Administrative Expenses 352.906 Capital Facility Expension 0 Outlays Equipment Purchases 80,000 Production Imp. Options 16,400 Energy Efficiency Initiatives 3,300 Bank Loan 1-Year Loan 0 Repayment 5-Year Loans 0 Note 10-Year Loans 59.900 Interest Bank Loans 14,262 Payments Y18 Overdraft Loan 0 Stock Repurchase 1000 0228 348 Income Tax Payments 150.900 Dividend Payments to Shareholders 43.763 Charitable Contributions 15,567 Cash Finessed by 0 Total Cash Outlays 1,807,723 Net Cash Balance de 10 68,867 Note Thich one res recorded in 1975 and pww.breve corded in 19, and economy Note: This com control the cost of production mark and 2010 production de couragem in Yi TIONS Note Year 17 - Help - -ABJLO Solutions dustry ) INCOME STATEMENT Year CONSOLIDATED INCOME STATEMENT North Europe- Asia- Latin Company America Africa Pacific America Total Segment Internet 111,543 109.990 92,881 113,317 Revenues 427731 Wholesale see N 1 217,668 300,250 199,584 274,250 991,752 Private-Label 26,104 27 887 29.460 30.196 113,647 Gross Revenues from Footwear Sales 355,315 438 127 321,925 417,763 1,533,130 + Exchange Rate Adjustments 0 -12.363 -1,260 -49,511 63,134 Net Revenues from Footwear Sales 355 315 425,764 320 685 368,252 1.469.996 Operating Cost of Pairs Sold (se Notet) 169.727 202.744 137 297 184,682 694,450 Costs Warehouse Expenses 32 465 35,560 30,776 35,111 133 912 Marketing Expenses 67 135 75.405 58 509 64,407 265,456 Administrative Expenses 8.818 11.569 8,429 10,833 39,649 Operating Protit (Loss) 77,170 100,486 85,654 73,219 336 529 Interest Income (Expense) -21,759 Profitability and Payout Year 16 Year 17 Other income or (Expense) (Note 2 -1,000 Earnings Per Share $10.81 $10.69 Pre-Tax Profit (Loss) 313,760 Dividends Per Share $1.00 $1.00 Income Taxes de Note 3) 94,128 Net Profit (Loss) 219.632 Note 1: These doma leo molde revenue collected from and cost cry crearance at the beginning of the year. For more detail on very clearance see the last section of the Distribution and Warehouse report Note: This entile chantable contributions and instructorwarded funds and used forwaring a negative Note: The encome tax rate ON Wanelous was recorded in the prior wrisane forward and may offeet some or all the income the currentlar and reduce current income BRANDED MARKET PERFORMANCE Year 18 - Help LO Solutions Yea INCOME STATEMENT Eosts North Europe- Asia- Latin Company CONSOLIDATED INCOME STATEMENT America Africa Pacific America Total Segment Internet 116.622 124 551 99,912 129,577 470,662 Revenues Wholesale bet 241.625 320,322 239,029 314,985 1.115,961 Private-Label 29,537 30,406 32.990 34,955 127 888 Gross Revenues from Footwear Sales 387,784 475,279 371,931 479,517 1,714,511 Exchange Rate Adjustments 0 2.194 2.424 -7,596 -2.978 Net Revenues from Footwear Sales 387 784 477 473 374,355 471,921 1,711,533 Operating cost of Pairs Solde 184,622 213,009 154,736 205,924 758,291 Warehouse Expenses 34 929 39.585 34,064 40,512 149,090 Marketing Expenses 73,573 80.764 65.797 67,978 288,112 Administrative Expenses 9512 12,361 9,623 12.341 43,837 Operating Profit (Loss) 85,148 181.754 110,135 145,166 472.203 Interest Income (Expense) -18,106 Profitability and Payout Year 17 Year 18 Other Income or (Expense) Note 21 -13,623 Earnings Per Share $10.69 $15.38 Pre-Tax Profit (Loss) 440,474 Dividends Per Share $1.00 $2.00 Income Taxes e o 132.142 Net Profit (Loss) 308,332 Note: Therme de revered from and dance at the beginning of the year For more detail on entory wrance, election of the Don Warehouse port Note: This chant contention and recorded refunde androposed fines appearing negative Note: The rooms are in the year themed war and may oft me or be income the current year and reduce currently are BRANDED MARKET PERFORMANCE EX RR profit BALA M Inbox Asce AN LU speed SW Spees http C Com C Com Llique Year 19 INCOME STATEMENT - ABJLO Solutions (Industry 8) CONSOLIDATED INCOME STATEMENT Segment Internet Revenues Wholesale see Note 1) Private Label Gross Revenues from Footwear Sales + Exchange Rate Adjustments Net Revenues from Footwear Sales Operating Cost of Pairs SoldeNote 1) Costs Warehouse Expenses Marketing Expenses Administrative Expenses Operating Profit (Loss) North America 132,345 251 472 32.189 416,006 0 416.006 193.954 36, 710 75 868 10.687 98.787 Europe- Asia- Latin Africa Pacific America 130,348 118,851 144.995 318.600 246 472 321.718 31.631 17 848 38,944 480 579 383,171 505,657 5,584 9.152 26.724 486 163 392 323 532,381 216 287 156.518 219.605 39.427 36,288 44 133 83.163 71,078 74,773 13,259 10.858 13,221 134.027 117,581 180,649 Interest Income (Expense) Other Income or (Expense) (see Note 2 Pre-Tax Profit (Loss) Income Taxes e Note 3) Net Profit (Loss) Company Total 526,539 1,138,262 120.612 1.785,413 41.460 1.826,873 786,364 156.558 304.882 48,025 531,044 Profitability and Payout Year 18 Earnings Per Share $15.38 Dividends Per Share $2.00 Year 19 $18.10 $2.25 -12,487 15,557 503,000 150.900 352,100 Note: These deme also include revenues collected from and contacten Inventory clearance the beginning of the year For more details on inventory clearance, the last action of the busion and Warehouse report Note: This includes chable contribution and for instructor awarded minds and intructor mposed Pineappearing as negative Note: The Income for all 30% e nella was recorded in the prior year, the cared forward and may offee or a taxable income the current year and reduce currenyew income taxes BRANNEN MARKET PSPORT