Bridgford Foods Corp | Investor Service

 

1999 Annual Report (Page 6)

Consolidated Statements of Income

    Fiscal year ended
    October 29
1999
    October 30
1998
    October 31
1997
Net sales     $138,786,260     $134,815,787     $127,859,491
   
   
   
Cost of products sold, excluding depreciation     80,544,109     80,876,022     80,621,498
Selling, general and administrative expenses     38,780,300     36,935,860     33,633,263
Depreciation     3,292,346     2,938,475     2,950,376
   
   
   
    122,616,755     120,750,357     117,205,137
   
   
   
Income before taxes     16,169,505     14,065,430     10,654,354
Provision for taxes on income     6,145,000     5,345,000     4,049,000
   
   
   
Net income     $10,024,505     $8,720,430     $6,605,354
   
   
   
Net income per share     $0.88     $0.77     $0.58

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

    Common stock     Capital in excess of par
    Retained earnings
    Total shareholder's equity
Shares
    Amount
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)                 (2,263,265)     (2,255,265)
- 10% stock dividends, November 10, 1997         939,482     939,482     10,921,478     (11,860,960)
   
   
   
   
   
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     $50,842,248
- Net income                 10,024,505     10,024,505
- Cash dividends paid* ($.24 per share)                 (2,731,888)     (2,731,888)
   
   
   
   
   
Balance, October 29, 1999     $11,369,812     $11,426,695     26,347,123     $20,361,047     $58,134,865

 
1999 Annual Report: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12