Bridgford Foods Corp | Investor Service

 

1998 Annual Report (Page 6)

Consolidated Statements of Income

    Fiscal year ended
    October 30
1998
    October 31
1997
    November 1
1996
Net sales     $134,815,787     $127,859,491     $118,316,70
   
   
   
Cost of products sold, excluding depreciation     80,876,022     80,621,498     75,874,768
Selling, general and administrative expenses     36,935,860     33,633,263     30,832,011
Depreciation     2,938,475     2,950,376     2,493,308
   
   
   
    120,750,357     117,205,137     109,200,087
   
   
   
Income before taxes     14,065,430     10,654,354     9,116,383
Provision for taxes on income     5,345,000     4,049,000     3,465,000
   
   
   
Net income     $8,720,430     $6,605,354     $5,651,383
   
   
   
Net income per share     $0.77     $0.58     $0.50

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (NOTE 7)

    Common stock     Capital in excess of par
    Retained earnings
    Total shareholder's equity
Shares
    Amount
Balance, November 3, 1995     9,396,933     $9,453,816     $3,024,881     $24,380,875     $36,859,572
- Net income                 5,651,383     5,651,383
- Cash dividends paid ($.20 per share)                 (2,255,264)     (2,255,264)
   
   
   
   
   
Balance, November 1, 1996     9,396,933     $9,453,816     $3,024,881     $27,776,994     $40,255,691
- Net income                 6,605,354     6,605,354
- Cash dividends paid* ($.20 per share)                 (2,255,265)     (2,255,265)
   
   
   
   
   
Balance, October 31, 1997     10,336,415     $10,393,298     $13,946,359     $20,266,125     $8,720,430
- Net income                 8,720,430     8,720,430
- Cash dividends paid* ($.22 per share)                 (2,483,964)     (2,483,964)
- 10% stock dividends, November 16, 1998     1,033,397     1,033,397     12,400,764     (13,434,161)    
   
   
   
   
   
Balance, October 30, 1998     $11,369,812     $11,426,695     26,347,123     $13,068,430     $50,842,248
 
* Per share amounts give effect to 10% stock dividends declared November 10, 1997 and november 16, 1998.

 
1998 Annual Report: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12