Ethan Allen Interiors Inc. (ETD) 2004年年度报告「NYSE」.pdf

1、the powerof solutions2004 annual reportOur national television campaign reiterates our”Furnishing Solutions”message in a fun,creative manner.Everyday pricing allows ourcustomers to get on with thebusiness of living,instead of living for a sale.They canstart”shopping smart,“with the knowledge that th

2、ey arereceiving our best price on allour products every day.The dramatic new faade exudes a warmer,richer feeling and isdesigned to better showcase ourinspirational lifestyle vignettes.new everyday pricingbeginning with a problem.that evolves into a process using all of EthanAllens resources.and res

3、ults in the solution that is needed.Customers can shop with confidence,knowing that our fullselection of home furnishings,including our new Newport collection(right)and plasmahome theatre cabinetry(belowleft),is available at our bestprice every day.$907.32003200220012000$955.12004$904.1$892.32004200

4、32002Amounts in thousands,except per share data.Fiscal Years ended June 30Statement of Operations DataNet sales955,107907,264892,288Gross profit461,080449,384421,313Operating income(a)127,805120,675129,900Net income(a)80,34075,38182,256Per Share DataNet income per diluted share(a)2.101.952.06Diluted

5、 weighted averagecommon shares outstanding38,29538,56939,942Balance Sheet DataWorking capital158,893225,836191,473Current ratio2.162.682.48Total assets654,431731,568688,755Total debt,including capital lease obligations9,22110,2189,321Shareholders equity460,780537,699511,189Debt as%of equity2.0%1.9%1

6、.8%(a)Includes the effects of pre-tax restructuring and impairmentcharges totaling$12.5 million,$13.1 million,and$5.1million in fiscal years 2004,2003 and 2002,respectively.financial highlights$856.220032002200120002004Net Income(in millions)$80.3$75.4$82.3$79.7$90.620032002200120002004Net Income Pe