1998 Annual Report

Selected Financial Data

 

(dollars in thousands, except per share data)

Aug. 29,
1998

Aug. 30, 1997(1)

Aug. 31, 1996(1) (2)

Aug. 26, 1995(1)

Aug. 27, 1994(1)

Statement of Operations

Revenues

Manufactured products

$ 523,018

$ 436,712

$ 483,398

$ 458,909

$ 432,406

Dealer financing

2,076

1,420

1,406

1,220

831

Total net revenues

525,094

438,132

484,804

460,129

433,237

Income before taxes

35,927

6,992

21,063

20,006

15,264

Provision (credit) for income taxes

11,543

416

6,639

(7,912)

(1,312)

Income from continuing operations

24,384

6,576

14,424

27,918

16,576

(Loss) income from discontinued operations

---

---

(2,039)

(162)

869

Gain on sale of Cycle-Sat subsidiary

---

16,472

---

---

---

Cumulative effect of accounting change

---

---

---

---

(20,420)

Net income (loss)

24,384

23,048

12,385

27,756

(2,975)

Earnings (loss) per share:

Continuing operations:

Basic

1.01

.26

.57

1.11

.66

Diluted

1.00

.26

.57

1.10

.65

Discontinued operations and accounting change effect:

Basic

---

.65

(.08)

(.01)

(.78)

Diluted

---

.64

(.08)

(.01)

(.77)

Net earnings (loss) per share:

Basic

$ 1.01

$ .91

$ .49

$ 1.10

$ (.12)

Diluted

1.00

.90

.49

1.09

(.12)

Weighted average common shares outstanding (in thousands):

Basic

24,106

25,435

25,349

25,286

25,187

Diluted

24,314

25,550

25,524

25,513

25,546

Cash dividends per share:

$ .20

$ .20

$ .30

$ .30

$ ---

Balance Sheet
Total assets

$ 230,612

$ 213,475

$ 220,596

$ 211,630

$ 181,748

Stockholders' equity

116,523

123,882

105,311

100,448

79,710

Working capital

91,919

99,935

62,155

69,694

58,523

Long-term debt

$ ---

$ ---

$ 1,692

$ 3,810

$ 2,693

Current ratio

2.5 to 1

3.4 to 1

2.0 to 1

2.4 to 1

2.1 to 1

Unit Sales:

Class A

5,381

4,834

5,893

5,993

6,820

Class C

3,390

2,724

2,857

2,853

1,862

Total Motor Homes

8,771

7,558

8,750

8,846

8,682

Class B Conversions (EuroVan Campers)

978

1,205

857

1,014

376

(1) Restated to reflect Cycle-Sat, Inc. and North Iowa Electronics, Inc. as discontinued operations.
(2) The fiscal year ended August 31, 1996 contained 53 weeks, all other fiscal years contained 52 weeks.

 

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Copyright © 1998 Winnebago Industries, Inc.
Last modified: May 19, 2006