Table of Contents
1 TABLE OF CONTENTS Financial Highlights 02 Letter to Shareholders 04 The Company 08 The Products 16 The Organization 48 INTER PARFUMS, INC. 2010 ANNUAL REPORT 2 financial Highlights $26.6 $460.4 $235.0 $446.1 $226.7 $23.8 $23.8 $409.5 $22.4 $204.2 $389.6 $192.7 $321.1 $17.7 $155.3 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 NET SALES NET INCOME ATTRIBUTABLE TO INTER PARFUMS, INC INTER PARFUMS, INC STOCKHOLDERS’ EQUITY (In millions ) (In millions ) (In millions ) financial highlights 3 SELECTED FINANCIAL DATA The following selected financial data have been derived from our financial statements, and should be read in conjunction with those financial statements, including the related footnotes. (In thousands, except per share data) 2010 2009 2008 2007 2006 INCOME STATEMENT DATA: Net Sales $460,411 $409,464 $446,124 $389,560 $321,054 Cost of Sales 186,401 175,296 191,915 160,137 143,855 Selling, General and Administrative 217,574 187,690 202,264 181,224 141,074 Operating Income 56,436 44,801 51,009 47,331 36,125 Income Before Taxes 53,840 46,348 46,434 47,276 37,135 Net Income Attributable to the Noncontrolling Interest 9,082 7,791 6,357 6,784 6,192 Net Income Attributable to Inter Parfums, Inc. 26,593 22,367 23,765 23,817 17,742 Net Income Attributable to Inter Parfums, Inc. Common Shareholders’ per Share: Basic 0.88 0.74 0.78 0.78 0.58 Diluted 0.87 0.74 0.77 0.76 0.58 Average Common Shares Outstanding: Basic 30,361 30,100 30,621 30,666 30,486 Diluted 30,482 30,121 30,778 31,004 30,853 Depreciation and Amortization 9,188 10,963 9,925 8,031 5,347 BALANCE SHEET AND OTHER DATA: Cash and Cash Equivalents 37,548 100,467 42,404 90,034 71,047 Working Capital 183,594 197,663 174,126 178,560 138,547 Total Assets 438,105 419,088 425,137 446,052 333,045 Short-Term Bank Debt 5,250 5,021 13,981 7,217 6,033 Long-Term Debt (including current portion) 16,129 29,594 41,043 59,733 10,769 Inter Parfums, Inc.
[Show full text]