|
|
2002
|
2001
|
|
|
For the Year: ($ in thousands)
|
|
|
Net sales
|
$
|
5,846,864
|
$
|
5,864,858
|
|
Net earnings(1)
|
98,887
|
71,488
|
|
Allocated patronage refunds
|
96,900
|
70,552
|
|
Cash returned to members
|
37,878
|
46,896
|
|
|
At Year End: ($ in thousands)
|
|
|
Total assets
|
$
|
3,246,322
|
$
|
3,091,378
|
|
Working capital
|
208,654
|
405,471
|
|
Long-term debt (including capital securities)
|
1,007,308
|
1,147,465
|
|
Equities
|
911,513
|
836,516
|
|
|
Financial Measures:
|
|
|
Return on equity
|
11.8%
|
8.9%
|
|
Return on invested capital
|
8.6%
|
9.1%
|
|
Long-term debt (including capital securities)-to-capital
|
51.1%
|
56.1%
|
|
Current ratio
|
1.18
|
1.44
|
|
|
Membership:
|
|
|
Member associations
|
1,321
|
1,372
|
|
Individual members
|
6,312
|
7,305
|
|
|
(1) Includes gain on legal settlements of $129,254, net of income tax expense of $26,290, and $2,675, net of income tax expense of $321, in 2002 and 2001, respectively.
|
|
|
|
|
|
