Bridgford Foods Corp | Investor Service

 
(page 6)

Consolidated Statements of Income

      Fiscal year ended
      (53 weeks)
November 3
2000
    (52 weeks)
October 29
1999
    (52 weeks)
October 30
1998
Net sales     $156,291,805     $138,786,260     $134,815,787
     
   
   
Cost of products sold, excluding depreciation     95,295,374     80,544,109     80,876,022
Selling, general and administrative expenses     43,083,496     38,780,300     36,935,860
Depreciation     3,772,466     3,292,346     2,938,475
     
   
   
      142,151,336     122,616,755     120,750,357
     
   
   
Income before taxes     14,140,469     16,169,505     14,065,430
Provision for taxes on income     5,374,000     6,145,000     5,345,000
     
   
   
Net income     $8,766,469     $10,024,505     $8,720,430
     
   
   
Net income per share     $0.80     $0.88     $0.77
             
Shares used to compute basic earnings per share   10,907,701   11,369,812   11,369,812
Diluted earnings per share   $0.80   $0.88    
             
Shares used to compute diluted earnings per share   10,926,630   11,374,714    

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

      Common stock     Capital in excess of par
    Retained earnings
    Total shareholder's equity
Shares
    Amount
Balance, October 31, 1997     10,336,415     $10,393,298     $13,946,359     $20,266,125     $44,605,782
- Net income (52 weeks)                       8,720,430     8,720,430
- Cash dividends paid ($.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 (52 weeks)                       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
- Net income (53 weeks)                       8,766,469     8,766,469
- Cash dividends paid ($.28 per share)                       (3,062,131)     (3,062,131)
- Shares repurchased and retired   (754,500)   (754,500)   (6,888,376)       (7,642,876)
     
   
   
   
   
Balance, November 3, 2000     10,615,312     10,672,195     19,458,747     26,065,385     56,196,327

 
2000 Annual Report: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12