Anixter International Inc. Financial Statement Analysis
ITEM 6. SELECTED FINANCIAL DATA.
(In millions, except per share amounts)
Selected Income Statement Data:
Net sales
Operating income
2019
Fiscal Year
2018
2017
2016
2015
$
8,845.6 $
8,400.2 $
7,927.4 $
7,622.8 $
6,190.5
367.5
309.7
312.9
295.5
267.1
Interest expense and other, net
(a)
(74.1)
(86.5)
(75.3)
(98.0)
(84.2)
Net income from continuing operations
262.9
156.3
109.0
121.1
96.9
Net (loss) income from discontinued
operations
(0.6)
30.7
Net income
$
262.9
$
156.3
$
109.0
$
120.5 $
127.6
Diluted Income (Loss) Per Share:
Continuing operations
$
7.67 $
4.58 $
3.21
$
3.61 $
2.90
Discontinued operations
$
$
$
$
(0.02) $
0.91
Net income
$
7.67 $
4.58
$
3.21
$
3.59
$
3.81
Dividend declared per common share
$
Selected Balance Sheet Data:
Total assets
$
4,808.9 $
4,653.1
Total long-term debt
$
1,059.7 $
1,252.7 $
Stockholders' equity
1,860.9 $
1,570.4 $
4,252.2 $
1,247.9 $
1,459.0 $
4,093.6 $
4,142.0
1,378.8 $
1,642.9
1,292.2 $
1,179.4
Book value per diluted share
$
54.25 $
46.05 $
42.95
$
38.51
$
35.26
Weighted-average diluted shares
34.3
34.1
34.0
33.6
33.4
Year-end outstanding shares
34.2
33.9
33.7
33.4
33.3
Other Financial Data:
Working capital
Capital expenditures
Depreciation
Amortization of intangible assets
$
1,544.4 $
1,543.0 $
1,483.0 $
1,424.6
$
1,571.6
40.0 $
42.4 $
$
37.2 $
31.7 $
41.1
28.2 $
$
32.6
$
26.7
27.9 $
22.2
$
35.0 $
37.3 $
36.1 $
37.6 $
24.9
(a) Interest expense and other, net in 2018 includes $4.6 million of loss on the extinguishment of debt on the retirement of our $350.0
million 5.625% Senior Notes due 2019.
Items Impacting Comparability of Results
Over the last five years, we have completed two material acquisitions and the respective sales and operating income have
impacted the comparability of the results as reflected below. The acquisitions were accounted for as purchases and the results of
operations of the acquired businesses are included in the Consolidated Financial Statements from the dates of acquisition. The
following represents the incremental impact of the results for the one year period following the acquisitions:
(In millions)
Net sales
Operating income
(a) October 2015 acquisition of Power Solutions for $829.4 million.
(b) September 2014 acquisition of Tri-Ed for $418.4 million.
Years Ended
December 30,
2016
January 1,
2016
(a)
$
1,501.9 $
(a)(b)
921.2
43.3
29.3
In 2015, we sold our Fasteners business for $371.8 million in cash, resulting in a pre-tax gain of $40.3 million ($23.3
million, net of tax). As a result of this divestiture, results of this business are reflected as "Discontinued operations".
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