Supplemental Operating Results
(Dollars in millions, except per share data)
|
| |
|
2009 |
|
2008 |
|
 |
| Net sales |
|
$ 23,489 |
|
$ 24,892 |
|
|
| Operating income (loss) |
|
$ 1,063 |
|
$ (4,378) |
|
|
| Percent to sales |
|
4.5 |
% |
(17.6) |
% |
|
| Add back impact of division consolidation costs and store closing related costs |
|
276 |
|
187 |
|
|
| Add back impact of asset impairment charges |
|
115 |
|
211 |
|
|
| Add back impact of goodwill impairment charges |
|
- |
|
5,382 |
|
|
| Operating income, excluding certain items |
|
$1,454 |
|
$1,402 |
|
|
| Percent to sales |
|
6.2 |
% |
5.6 |
% |
|
|
| Diluted earnings (loss) per share |
|
$0.83 |
|
$(11.40 |
) |
|
| Deduct impact of dilutive securities - stock options and restricted stock |
|
- |
|
(0.01) |
|
|
| Add back impact of division consolidation costs and store closing related costs |
|
0.41 |
|
0.28 |
|
|
| Add back impact of asset impairment charges |
|
0.17 |
|
0.32 |
|
|
| Add back impact of goodwill impairment charges |
|
- |
|
12.07 |
|
|
| Diluted earnings per share, excluding certain items |
|
$1.41 |
|
$1.26 |
|
|
|
| Net cash provided by operating activities |
|
$1,750 |
|
$1,866 |
|
|
| Net cash used by investing activities |
|
(377 |
) |
(792 |
) |
|
Cash flow from operating activities net of cash used in
investing activities |
|
$1,373 |
|
$1,074 |
|
|
Certain reclassifications were made to prior period amounts to conform with the classifications of such amounts for the most recent period.
The foregoing measures of earnings, including non-GAAP measures that exclude
certain items, should be read in conjunction with the audited financial statements, including the
related notes and other financial information contained in the Company's most recent Securities and Exchange Commission filings.
|
|