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Weis Markets, Inc

Balance Sheet
Assets
Current
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Inventories
Prepaid expenses
Income taxes recoverable
Total current assets
Property and equipment, at cost
Accumulated depreciation
Property and equipment, net
Goodwill
Intangible and other assets, net
Total assets
Liabilities
Current
Accounts payable
Accrued expenses
Accrued self-insurance
Payable to employee benefit plans
Income taxes payable
Deferred income taxes
Total current liabilities
Postretirement benefit obligations
Deferred income taxes
Total liabilities
Shareholders' Equity
Common stock,…
Retained earnings
Accumulated other comprehensive income, net
Treasury stock at cost
Total shareholders' equity
Total liabilities and shareholders' equity
Income Statement
Net sales
Cost of sales,…
Gross profit on sales
Operating, general and administrative expenses
Income from operations
Investment income
Income before provision for income taxes
Provision for income taxes
Net income
Weighted-average shares outstanding, basic
Weighted-average shares outstanding, diluted
Cash dividends per share
Basic and diluted earnings per share
Statement of Shareholders' Equity
Balance at December 25, 2004
Net Income

2007

2006

41,187
26,182
48,460
193,732
3,317
8,074
320,952
1,229,378
(730,132)
499,246
15,722
4,149
840,069

27,545
38,163
41,885
189,468
3,932
300,993
1,181,927
(689,384)
492,543
15,722
4,804
814,062

111,555
23,036
23,442
1,400
4,134
163,567
14,027
14,247
191,841

105,859
22,307
22,778
1,435
865
298
153,542
12,912
18,445
184,899

9,830
779,760
7,339
796,929
(148,701)
648,228
840,069

8,595
760,531
6,084
775,210
(146,047)
629,163
814,062

2007

2006

Change

(11,981)
6,575
4,264
(615)
8,074
47,451
(40,748)
6,703
(655)
5,696
729
664
(35)
(865)
3,836
1,115
(4,198)
6,942
1,235
19,229
1,255

2005

2,318,551
1,716,424
602,127
527,378
74,749
3,010
77,759
26,769
50,990

2,244,512
1,647,233
597,279
515,675
81,604
4,484
86,088
30,078
56,010

2,222,598
1,634,874
587,724
491,499
96,225
3,081
99,306
35,885
63,421

26,987,786
26,993,997

27,016,877
27,027,198

27,026,748
27,033,789

1.16
1.89

1.16
2.07

1.12
2.35

Common Stock
Shares
Amount
32,997,157
-

Retained
Earnings
8,199
-

-452

AOCI
702,714
63,421

4,747
-

642 - .097 (3.264) 615 (8.066 58.010 - 4.642 27. 2006 Net Income Other comprehensive income.152 (558) 1.760 7.729 5.755) 69.132 (38.084 1.317) 1.300 13.990 - 6.074) 5.002.086) 2.115 (1.318) (14.531 50.106) 1.762) 99.402 (64.661 2.374 14.309) 779.144 4.309) (2.344) (1.339 2007 2006 2005 50.252) 85.338) (1.255 35.… Comprehensive income Cumulative effect of change in acctg principle Shares issued for options Treasury stock purchased Dividends paid Balance at December 29.… Comprehensive income Shares issued for options Treasury stock purchased Dividends paid Balance at December 31.020) 21. 2005 Net Income Other comprehensive income.… Comprehensive income Shares issued for options Treasury stock purchased Dividends paid Balance at December 30.235 (31.009.300 27.745) (55.728) 224 (31.270) 735.357 1.357 - 172 8.990 56.052) (1.523) 1.813) 13.830 (452) (31.270) (715) (30.344) 760. 2007 Statement of Cash Flows Operating Net income Adjustment to reconcile net income to net cash… Depreciation and amortization expense Amortization of intangibles (Gain) loss on disposition / impairment of FA Gain on sale of marketable securities Changes in operating assets and liabilities Accounts receivable Inventories Prepaid expenses Income taxes recoverable Accounts payable and other liabilities Accrued expenses Accrued self-insurance Payable to employee benefit plans Income taxes payable Retirement benefits obligations Deferred income taxes Net cash provided by operating activities Investing Purchase of property and equipment Proceeds from the sale of property and equipment Purchase of marketable securities Proceeds from the sale of marketable securities Net cash used in investing activities Financing Proceeds from issuance of common stock Dividends paid Purchase of treasury stock Net cash used in financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of year Cash and cash equivalents at end of year - - - (451) 5.845) 104.Other comprehensive loss.381 1.248) 902 (62.215 891 519 (422) (6.372) (32.031) (6) 50.964 2.575) (4.046 - 224 8.296 1.554 (108.371 - (30.482 (2.311 33.654) (32.492) 172 (30.689 33.288 732 974 (431) 49.545 41.010 63.187 655 (8.187 (41.235 9.421 54.233) 11.865 56.595 - (31.225 (11.020 (2.727) (99.228 1.044.200 33.975) 2.545 11.696 (33.468) 291 (8.788 6.912 (5.234 69.509) (10.155) 12.696 729 664 (35) (1.

700 63.960) 571.330 (143.421 .964.317) Treasury Stock Total Shares Amount Shareholders' Equity 5.(1.

228 .701) - (451) 62.270) 603.499) (148.- - 18.561 35.675) - 3.461 - (715) (144.155) (1.970 172 (715) (30.218) (146.498 30.982.245 (452) 80 (1.291 - (154) (1.798 70 (1.163 50.990 1.131 5.344) 629.459 6.309) 648.332 6.255 52.077.857 56.047) - 25.218) (31.010 1.499) (31.016.311 (1.788 57.

187 Income taxes payable 1.555 Payable to Employee Benefits Plan 1.084 7.654 41.163 2.859 14.317 Accumulated Depreciation 689.Dr Beginning Balance Cash Cr T-Acc 27.912 4.439 Deferred income taxes 1.182 Operating Prepaid Expense 3.384 54.545 Marketable Securities 38.027 Accumulated Other Comprehensive Income 6.252 730.317 13.339 .145 6 14.932 3.454 1.132 26.733 14.132 111.400 Postretirement Benefit Obligations 12.132 Investing Purchase of marketable securities Proceeds from the sale of marketable securities Accounts Payable 105.187 36.435 Financing Purchase of treasury stock Ending Balance B/S Ending Balance (T-Account Total) Difference 2.

gross 1.378 Carrying value of the Property Sold Intangibles and Other Assets.317 Deferred Income Taxes (current & long-term) 18.074 1.(Change in RE) = Dividends Paid 31309 779.830 Treasury Stock 146.531 452 19.381 Retained Earnings 760.778 23.804 Gain Goodwill 15. net Property Sold at 4.460 Income Taxes Recoverable - Inventory 189.743 1.885 48.595 18.235 9.782 8.031 655 15.732 PP&E.181.047 2.722 4.701 NetIncome .442 Income Taxes Payable 865 452 1.468 193.927 64.T-Accounts Accounts Receivable.229.233 16.654 148.149 Accrued Expenses 22.343 11374 8.252 890 - Common Stock 8.681 1. net 41.307 Accrued Self-Insurance 22.036 23.760 .722 3.

(Change in RE) = Dividends Paid ..

132 6 J/E Dr Dr Marketable Securities Cr Gain on Sold Marketable Securities Dr Cash Cr Marketable Securities Dr Marketable Securities Cr AOCI Cr Deferred Income Taxes BB Value changes for Securities Held Value changes for Securities Sold Sales Purchases EB Cr 6 6 14.Marketable Securities Sales Gain on sale 14.132 2.145 6 14.145 1.182 .132 14.163 2.132 26.255 890 Marketable Securities Dr Cr 38.

381 .252 1.247 Cr 18.445 4.743 1.252 Current Dr Non Current Dr Cr Cr BB Reduction of provision Marketable securities value changes Other Changes EB 298 18.Income Taxes J/E Dr Deferred Inc Taxes Cr Provision for Income Taxes Dr Deferred Income Taxes Cr 1.317 865 452 Non Cash Rec Cash Rec - 14.134 Income Taxes Payable 452 452 Dr Cr 1.252 J/E Dr Retained Earnings Cr Income Taxes Payable BB Change in acctg principle Other changes EB Total Dr Cash Rec 890 Non Cash Rec Cash Rec 18.