Adidas Fincial Analysis
lysisscoring on all fields
Annual Report 2005
Net Sales € in millions
Financial Highlights (IFRS) 1)
2001 2002 2003 2004 1) 2005
1)
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6,112 6,523 6,267 5,860 6,636 Key Ratios (%) Gross margin Operating expenses as a percentage of net sales Operating margin 3) Effective tax rate Net income attributable to shareholders 2) as a percentage of net sales Operating working capital4) as a percentage of net sales Equity ratio 5) Financial leverage 5) Balance Sheet and Cash Flow Data (€ in millions) Total assets 5) Inventories Receivables and other current assets Working capital5) Net cash (net borrowings) 5) Shareholders’ equity 5) Capital expenditure 4) Net cash provided by operating activities 4) Per Share of Common Stock (€) Basic earnings per share 2) Diluted earnings per share 2) Operating cash flow per share from continuing operations Dividend per share Share price at year-end Other (at year-end) Number of employees Number of shares outstanding Average number of shares
Rounding differences may arise in percentages and totals. 1) Figures reflect continuing operations as a result of the divestiture of the Salomon business segment unless otherwise stated. 2) Includes income from continuing and discontinued operations 3) 2004 figure has been adjusted to reflect the changes in IFRS and application of IAS 32. 4) Includes discontinued operations 5) 2004 figures have been restated due to application of IAS 32/IAS 39 and amendment to IAS 19. 6) Subject to Annual General Meeting approval
2005 Operating Highlights (€ in millions) Net sales Operating profit Net income attributable to
Annual Report 2005
Net Sales € in millions
Financial Highlights (IFRS) 1)
2001 2002 2003 2004 1) 2005
1)
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6,112 6,523 6,267 5,860 6,636 Key Ratios (%) Gross margin Operating expenses as a percentage of net sales Operating margin 3) Effective tax rate Net income attributable to shareholders 2) as a percentage of net sales Operating working capital4) as a percentage of net sales Equity ratio 5) Financial leverage 5) Balance Sheet and Cash Flow Data (€ in millions) Total assets 5) Inventories Receivables and other current assets Working capital5) Net cash (net borrowings) 5) Shareholders’ equity 5) Capital expenditure 4) Net cash provided by operating activities 4) Per Share of Common Stock (€) Basic earnings per share 2) Diluted earnings per share 2) Operating cash flow per share from continuing operations Dividend per share Share price at year-end Other (at year-end) Number of employees Number of shares outstanding Average number of shares
Rounding differences may arise in percentages and totals. 1) Figures reflect continuing operations as a result of the divestiture of the Salomon business segment unless otherwise stated. 2) Includes income from continuing and discontinued operations 3) 2004 figure has been adjusted to reflect the changes in IFRS and application of IAS 32. 4) Includes discontinued operations 5) 2004 figures have been restated due to application of IAS 32/IAS 39 and amendment to IAS 19. 6) Subject to Annual General Meeting approval
2005 Operating Highlights (€ in millions) Net sales Operating profit Net income attributable to