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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
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 S 1,522,797 $ 2,192,547 $ 1,529,343 $ 663,204 $ 2,165,481 $ 1,504,527 S Cost of goods sold, buying and occupancy costs Gross profit 2,350,129 $ 1,554,852 $ 795,277 $ 587,747 $ 2,219,125 1,501,418 717,707 660,954 $ 559,541 $ 524,041 $ 504,277 Selling, general, and administrative expenses Operating income 615,233 S 562,088 S 29,740 S 19,366 S 103,601 $ 214,259 207,238 $ 116,513 $ 136,597 $ 68,325 Net income 57,417 $ $ 116,539 Dividends declared per share S $ - $ Earnings per share: Basic 0.25 S 0.73 $ 0.81 $ 1.38 Diluted 0.25 $ $ 1.39 $ 1.38 $ 84,591 0.81 $ 0.73 79,049 1.37 Weighted Average Diluted Shares Outstanding 84,554 85,068 Other Financial and Operating Data: Comparable sales () 6% Comparable sales (excluding e-commerce sales) () 4% Total gross square feet (in thousands) (average) 5.529 Number of stores (at year end) 641 115,088 Capital expenditures S Balance Sheet Data (at period end): Cash and cash equivalents 346,159 $ Working capital (2) 20,618 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 S 654,000 635,687 $ 617,953 $ 556.339 $ 474,569 *2017 represents a 53-week year. (1) Comparable sales have been calculated based upon stores that were open at least twelve full months as of the end of the reporting period. For 2017, comparable sales were calculated based upon the 53-week period ended February 3, 2018 compared to the 53-week period ended February 4, 2017. See full definition of comparable sales in the section titled "How We Assess the Performance of Our Business" in Management's Discussion and Analysis of Financial Condition and Results of Operations. (2) Working capital is defined as current assets, less cash and cash equivalents, less current liabilities. S S S S S S S S S S 78,870 (3)% (10)% 5,487 635 57,435 236,222 $ 38,050 (9)% (12)% 5,604 656 98,712 $ 207,373 $ 24,363 5,573 653 115,343 $ 186,903 $ 19,113 (5)% (7)% 3% (1)% 5,439 632 105,368 311,884 (27,630) EXPRESS, INC. CONSOLIDATED BALANCE SHEETS (Amounts in Thousands, Except Per Share Amounts) ASSETS CURRENT ASSETS: Cash and cash equivalents Receivables, net Inventories Prepaid minimum rent Other Total current assets. PROPERTY AND EQUIPMENT Less: accumulated depreciation Property and equipment, net TRADENAME/DOMAIN NAMES/TRADEMARKS DEFERRED TAX ASSETS OTHER ASSETS Total assets LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable Deferred revenue Accrued expenses Total current liabilities DEFERRED LEASE CREDITS OTHER LONG-TERM LIABILITIES Total liabilities COMMITMENTS AND CONTINGENCIES (Note 13) 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 See notes to consolidated financial statements. $ $ $ $ February 3, 2018 236,222 12,084 266,271 30,779 19,780 565,136 1,047,447 (642,434) 405,013 197,618 7,025 12,815 1,187,607 145,589 28,920 116,355 290.864 137,618 105,125 533,607 - 926 199,099 710,081 (256,106) 654,000 1,187,607 $ January 28, 2017 $ $ $ 207,373 15,787 241,424 31,626 17,923 514,133 1,029,176 (577,890) 451,286 197,618 7,926 14,226 1,185,189 172,668 29,428 80,301 282,397 146.328 120,777 549,502 921 185,097 (3,803) 690,715 (237,243) 635,687 1,185,189 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 per share 3. Reported treasury stock 4. Common stock repurchased 5. Par value per share
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