| Transcript |
Pi
Financial History
(dollars in thousands except per share amounts)
Calendar Years
1980
1979
1978
Summary of Operations (Note A)
Sales
Earnings before interest and taxes
Per sales dollar
Interest cost, net
Income before income taxes
United States and foreign
income taxes
Net income
Fully diluted earnings per share
Percent increase for the year
Funds provided from operations
(NoteB)
Capital expenditures
(53 weeks)
Capitalization and Returns
Total assets
Total capital (Note C)
Shareholders' equity
Senior debt and capital lease
obligations
Percent to total capital
Return on average shareholders' equity
Return on average total capital
(before interest and taxes)
18.0%
17.7%
14.5%
Per Share and Other Data
Cash dividends
Shareholders' equity
Quoted market price at year-end
Shares outstanding
Company-operated hotel rooms
Employees
1977
12.4%
.21
.17
.13
.03
12.43
12.88
11.40
10.02
31.75
17.38
12.13
11.75
25,061,265
32,098,333
36,714,645
36,506,969
23,704
20,956
17,987
15,383
67,300
65,700
63,600
56,100
NOTES: (A) See Notes to Consolidated Financial
Statements for summary of significant accounting policies and additional information. In 1978. the company changed its
fiscal year-end from the last Friday in July
to the Friday closest to December 31.
Years prior to 1974 are presented on the
former )uly fiscal year-end basis.
(B) Funds provided from operations consist
of net income plus depreciation, deferred
taxes and other items not requiring current
outlay of working capital.
(C) Total capital represents total
assets less current liabilities.
1,718,725
1,509.957
1,249,595
1,090,313
166,908
1 50,985
118,987
99,329
9.7%
10.0%
9.5%
9.1%
46,820
27.840
23,688
30,206
120,088
123.145
95,299
69,123
48,058
52,145
40,999
30,073
72,030
71,000
54,300
39,050
2.60
1.95
1.43
1.04
33.3%
36.4%
37.5%
20.9%
150,292
140,934
121,588
99,834
233,945
149,000
134,738
81,887
1,214,264
1,080.365
1,000,255
949,510
977,690
891,866
826,883
823,645
311,505
413,503
418,656
365,796
536,607
365,279
309,899
369,514
54.9%
41.0%
37.5%
44.9%
23.8%
17.0%
13.9%
11.1%
34
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