EX-13 4 exhibit13.htm EXHIBIT 13

EXHIBIT 13

 QUARTERLY STOCK MARKET PRICES

 

High

Low

April-June 2004

75.40

54.97

July-September 2004

57.24

41.10

October-December 2004

49.10

36.10

January-March 2005

45.14

36.25

April-June 2005

40.76

32.46

July-September 2005

45.21

37.85

October-December 2005

42.44

34.54

January-March 2006

48.51

39.60

As of June 9, 2006 there were 1,578 stockholders of record of the Company's common stock.

SELECTED FINANCIAL DATA

March 31, (In thousands)

       2006

 

       2005

 

       2004

 

          2003

 

          2002

 

Financial Position:

 

 

 

 

 

 

 

 

 

 

Current Assets

$2,207,187

 

$2,708,022

 

$2,916,234

 

$2,255,333

 

$1,195,112

 

Current Liabilities

420,967

 

563,690

 

604,754

 

564,397

 

324,968

 

Net Current Assets

1,786,220

 

2,144,332

 

2,311,480

 

1,690,936

 

870,144

 

Total Assets

3,119,840

 

3,705,002

 

3,862,736

 

2,918,107

 

1,951,873

 

Total Stockholders' Equity

2,697,809

 

3,132,385

 

3,255,864

 

2,351,818

 

1,625,089

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended March 31, (In thousands,

                   

except per share data)

       2006

 

       2005

 

       2004

 

          2003

 

          2002

 

Summary of Operations:

                   

Net Sales

$2,793,934

 

$3,052,408

 

$2,650,432

 

$2,206,706

 

$1,566,626

 

Other Income

168,456

 

107,231

 

29,842

 

39,100

 

35,198

 

Costs and Expenses

2,092,878

 

1,974,884

 

1,743,452

 

1,425,237

 

1,131,646

 

Income Before Income Tax Expense

869,512

 

1,184,755

 

936,822

 

820,569

 

470,178

 

Income Tax Expense

160,998

 

345,950

 

200,948

 

198,581

 

132,224

 

Net Income

708,514

 

838,805

 

735,874

 

621,988

 

337,954

 

Net Income Per Share:

                   

  Basic

$2.11

 

$2.30

 

$2.01

 

$1.72

 

$0.95

 

  Diluted

$2.08

 

$2.25

 

$1.95

 

$1.66

 

$0.91

 

Weighted Average Number of

                   

  Common and Common

                   

  Equivalent Shares

                   

  Outstanding :

                   

    Basic

335,912

 

363,991

 

365,447

 

360,874

 

355,390

 

    Diluted

340,321

 

372,090

 

376,779

 

373,702

 

370,484

 

 

                   

No dividends were paid on common shares in any period.

All amounts give effect to the December 2002 100% stock dividend.