EX-13 7 c71930exv13.txt 2002 ANNUAL REPORT EXHIBIT 13 REGISTRANT'S 2002 ANNUAL REPORT TO SHAREHOLDERS FINANCIAL HIGHLIGHTS:
Fiscal Year Ended ------------------------------------------------------------------------------ Income Statement Data June 30, June 30, 2001 June 30, 2000 June 30, 1999 June 30, 1998 --------------------- 2002 (in thousands, except share and per share data) Net sales $ 2,453,748 $1,645,993 $1,458,047 $ 815,319 $ 612,427 Gross profit 102,831 68,824 56,422 41,536 30,654 Income from operations 46,339 26,946 22,299 14,842 9,770 Net income $ 21,059 $ 9,144 $ 8,199 $ 6,625 $ 3,942 Basic earnings per share (1) $ 1.48 $ 1.08 $ 0.97 $ 0.86 $ 1.09 Diluted earnings per share (1) $ 1.42 $ 1.01 $ 0.92 $ 0.79 $ 1.04 Basic common shares outstanding (1) 14,246,751 8,478,198 8,481,902 7,693,674 6,690,522 Diluted common shares outstanding (1) 14,677,781 9,131,514 9,099,752 8,439,752 7,532,704 Balance Sheet Data ------------------ June 30, June 30, June 30, June 30, June 30, (in thousands) 2002 2001 2000 1999 1998 --------------------------------------------------------------------------------------------------------------- Current assets $413,914 $270,050 $237,494 $181,824 $153,513 Working capital 182,636 97,533 93,556 28,525 60,549 Total assets 483,138 330,204 294,419 236,990 178,371 Long-term debt 81,457 94,489 99,647 40,449 61,156 Stockholders' equity 167,397 57,510 45,265 40,887 20,719
(1) Adjusted for 2-for-1 stock split in April 2002 PRICE RANGE PER COMMON SHARE: The Company's common stock (symbol: "DKWD") is traded on the NASDAQ national market. The number of beneficial holders of the Company's common stock is approximately 6,000. Set forth below are the high and low transaction prices as reported by the NASDAQ stock market for the periods indicated (adjusted for 2-for-1 stock split in April 2002). Such prices reflect interdealer prices, without retail markup, markdown, or commission:
2002 Low High First Quarter $17.75 $24.07 Second Quarter 21.40 29.60 Third Quarter 25.31 32.87 Fourth Quarter 27.39 39.50
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2001 Low High First Quarter $ 4.69 $ 7.25 Second Quarter 5.75 8.00 Third Quarter 6.82 11.10 Fourth Quarter 9.22 18.53
CORPORATE OFFICES: D&K Healthcare Resources, Inc. 8000 Maryland Ave. Suite 920 St. Louis, Missouri 63105 (888) 727-3485 (314) 727-3485 Fax: (314) 727-5759 web: www.dkwd.com TRANSFER AGENT REGISTRAR: Computershare Investor Services LLC 2 North Lasalle Street Chicago, Illinois 60602 (312) 588-4700 AUDITORS: KPMG LLP St. Louis, Missouri COUNSEL: Armstrong Teasdale LLP St. Louis, Missouri FORM 10-K: Copies of form 10-K filed by D&K Healthcare Resources, Inc. for the year ended June 30, 2002, are available without charge upon request. Requests should be directed to the Company's corporate office address, marked attention: Investor Relations. ANNUAL MEETING: The annual meeting of stockholders will be held at 10:00 a.m. Wednesday, November 13, 2002, at The Ritz-Carlton, 100 Carondelet Plaza, St. Louis, MO. 46