APC Home Report President Vision Financial 1 Billion Global End to End Nonstop 10-K Customers
Item 6. Selected Financial Data

All amounts are in dollars except for outstanding shares. Dollars are in thousands except for basic and diluted earnings per share. Shares are in thousands. The Company did not declare any cash dividends for the five year period presented.


1998
1997
1996
1995
1994
Net sales
$1,125,835
$873,388
$706,877
$515,262
$378,295
Cost of good sold
621,073
476,060
407,902
284,500
189,954
Gross profit
504,762
397,328
298,975
230,762
188,341
Costs and expenses
300,293
225,890
165,185
127,057
82,692
Operating income
204,469
171,438
133,790
103,705
105,649
Other income, net
11,687
6,354
5,189
860
3,701
Earnings before income taxes and minority interest


216,156


177,792


138,979


104,565


109,350
Income taxes
68,231
56,004
46,558
35,029
38,075
Earnings before minority interest

147,925

121,788

92,421

69,536

71,275
Minority interest, net
349
-
-
-
-
Net income
$147,576
$121,788
$92,421
$69,536
$71,275
Basic earnings per share
$1.55
$1.28
$.98
$.75
$.78
Basic weighted average shares outstanding

95,503

94,993

93,872

92,939

91,824
Diluted earnings per share

$1.52

$1.27

$.98

$.74

$.77
Diluted weighted average shares outstanding

96,788

96,121

94,347

93,867

92,913
Total assets
$871,983
$641,290
$504,002
$346,588
$265,163
Short-term debt
$12,540
-
-
-
-
Long-term debt
$871,983
-
-
-
-
Item 1. Description of Business


Item 2. Properties

Item 3. Legal Proceedings

Item 4. Submission of Matters to a Vote of Security Holders

Item 5. Market for Registrant's Common Stock and Related Stockholder Matters

Item 6. Selected Financial Data

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7A. Quantitative and Qualitative Disclosures about market risk

Item 8. Financial Statements and Supplementary Data

Notes to Consolidated Financial Statements

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 10. Directors of the Registrant

Item 11. Executive Compensation

Item 12. Security Ownership of Certain Beneficial Owners and Management

Item 13. Certain Relationships and Related Transactions

Item 14. Exhibits, Financial Statements Schedules and Reports on Form 8-K

Independent Auditors' Report
APC Home Report President Vision Financial 1 Billion Global End to End Nonstop 10-K Customers