Anixter 2009 Annual Report
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20 20 Financial Highlights Fiscal Year 2009 2008 2007 2006 2005 09 (In millions, except per share and percentage amounts) 09 Net Sales $4,982.4 $6,136.6 $5,852.9 $4,938.6 $3,847.4 Annual Operating Income 103.5 391.9 439.1 337.1 189.4 Operating Margins 2.1% 6.4% 7.5% 6.8% 4.9% Report Net (Loss) Income (29.3) 187.9 245.5 206.3 87.2 Diluted (Loss) Income per Share (0.83) 4.87 5.81 4.79 2.15 Anixter International Inc. Cash Flow from Operations $ 440.9 $ 125.0 $ 138.2 $ (40.0) $ 0.5 Capital Expenditures 22.2 32.7 36.1 24.8 15.0 Working Capital $1,381.0 $1,350.9 $1,439.0 $1,097.8 $ 932.6 Total Assets 2,671.7 3,062.4 2,981.4 2,563.0 2,009.6 Total Debt 830.1 1,102.0 943.2 807.1 619.8 Stockholders’ Equity 1,024.1 1,072.8 1,092.5 961.4 708.8 Return on Equity (2.8)% 16.8% 24.3% 24.8% 11.6% Debt-to-Total Capital 44.8% 50.7% 46.3% 45.6% 46.7% Products. Technology. Services. Delivered Globally. Special Dividends, per Share – – – – 4.00 2009 End-of-Year Stock Price, per Share 47.10 32.17 62.27 54.30 39.12 Total Shareholder Return 46.4% (48.3)% 14.7% 38.8% 21.0% Annual Report Products. Technology. Services. Delivered Globally. Net Sales Cash Flow from Operations Debt-to-Total Capital Total Shareholder Return (dollars in billions) (dollars in millions) (in percent) (in percent) $6.1 $5.9 50.7% $5.0 46.7% 46.4% $4.9 45.6% 46.3% 44.8% $3.8 $441 38.8% 21.0% 14.7% $138 $125 $1 ($40) (48.3)% '05 '06 '07 '08 '09 '05 '07 '08 '09 '05 '06 '07 '08 '09 '05 '06 '07 '09 '06 Anixter International Inc. • 2301 Patriot Boulevard, Glenview, IL 60026-8020 • 224.521.8000 • anixter.com '08 20 20 Financial Highlights Fiscal Year 2009 2008 2007 2006 2005 09 (In millions, except per share and percentage amounts) 09 Net Sales $4,982.4 $6,136.6 $5,852.9 $4,938.6 $3,847.4 Annual Operating Income 103.5 391.9 439.1 337.1 189.4 Operating Margins 2.1% 6.4% 7.5% 6.8% 4.9% Report Net (Loss) Income (29.3) 187.9 245.5 206.3 87.2 Diluted (Loss) Income per Share (0.83) 4.87 5.81 4.79 2.15 Anixter International Inc. Cash Flow from Operations $ 440.9 $ 125.0 $ 138.2 $ (40.0) $ 0.5 Capital Expenditures 22.2 32.7 36.1 24.8 15.0 Working Capital $1,381.0 $1,350.9 $1,439.0 $1,097.8 $ 932.6 Total Assets 2,671.7 3,062.4 2,981.4 2,563.0 2,009.6 Total Debt 830.1 1,102.0 943.2 807.1 619.8 Stockholders’ Equity 1,024.1 1,072.8 1,092.5 961.4 708.8 Return on Equity (2.8)% 16.8% 24.3% 24.8% 11.6% Debt-to-Total Capital 44.8% 50.7% 46.3% 45.6% 46.7% Products. Technology. Services. Delivered Globally. Special Dividends, per Share – – – – 4.00 2009 End-of-Year Stock Price, per Share 47.10 32.17 62.27 54.30 39.12 Total Shareholder Return 46.4% (48.3)% 14.7% 38.8% 21.0% Annual Report Products. Technology. Services. Delivered Globally. Net Sales Cash Flow from Operations Debt-to-Total Capital Total Shareholder Return (dollars in billions) (dollars in millions) (in percent) (in percent) $6.1 $5.9 50.7% $5.0 46.7% 46.4% $4.9 45.6% 46.3% 44.8% $3.8 $441 38.8% 21.0% 14.7% $138 $125 $1 ($40) (48.3)% '05 '06 '07 '08 '09 '05 '07 '08 '09 '05 '06 '07 '08 '09 '05 '06 '07 '09 '06 Anixter International Inc. • 2301 Patriot Boulevard, Glenview, IL 60026-8020 • 224.521.8000 • anixter.com '08 Emerging Emerging Europe 13% Canada 8% Europe 13% Markets 2% Europe 41% Markets 1% Emerging Canada 25% Markets The Anixter Difference. 16% Investor Information $2.7 billion dollars $1.3 billion dollars $1.0 billion dollars 20 I NNOvATION is a key driver of performance and growth in sales for 2009. in sales for 2009. in sales for 2009. Common SToCk AnnuLPT A RE oR AnD FoRm 10-k at Anixter. Despite a challenging economic environment, Anixter’s common stock has traded on the New York Stock Copies of Anixter’s 2009 annual report and Form 10-K as filed Canada 2% Exchange under the symbol AXE since 1995. our ongoing investment in technology and supply chain with the Securities and Exchange Commission are available without Total Business by Region Total Business by Region Total Business by Region 09 charge through the Company’s Web site (anixter.com) or by innovation has made Anixter a leading distributor to u.S. 63% u.S. 60% u.S. 56% Qu S ARTERLy ToCk PRICES contacting the Investor Relations Department. the communications, security, wire and cable, and OEM This table shows Anixter’s common stock price, as reported (original equipment manufacturer) hardware markets. Enterprise Cabling & Security Solutions Electrical and Electronic Wire & Cable OEM Supply by the New York Stock Exchange. S HAREHoLDER SERvICES By maintaining over $900 million in global inventory, Questions on stock ownership should be directed to the High Low Close Investor Relations Department between 8:30 a.m. and 5:00 p.m. which represents 450,000 different products, Anixter Innovation in Anixter’s largest market–Enterprise Cabling & Security Anixter’s Electrical and Electronic Wire & Cable market is the second For Anixter’s OEM supply business, innovation means creatively 2009 Central Time at: provides unparalleled value to its customers regardless Solutions–is fueled by data center expansions, an increase in IP-enabled largest market served. With more than 50 years of experience and addressing each customer’s unique supply chain needs and quality First $36.46 $24.46 $32.95 Phone: 224.521.8743 of the application: data center, industrial automation, devices, 10 Gigabit Ethernet networks, and the continued convergence over 500 professionals, Anixter provides customers with world-class requirements. By investing in quality and design capabilities, Second 43.80 31.06 38.59 Fax: 224.521.8557 IP security, manufacturing and renewable energy. of physical security with IP networks. Anixter keeps pace by staying Anixter helps customers improve part sourcing. Anixter delivers Third 41.50 31.57 38.50 technical resources, products and support. CoP R oRATE HEADQuARTERS at the forefront of emerging technologies, having exceptional technical fasteners and other small parts directly to the production line Fourth 48.55 38.49 47.10 Anixter’s dedication to innovation, technical and product Anixter brings technical and engineering expertise to customers Anixter International Inc. expertise on staff and actively participating in network and security of its OEM customers, which include aerospace and industrial 2008 2301 Patriot Blvd. expertise, customer service, quality control and supply through codes and standards interpretation, product selection infrastructure standards associations. companies. Behind Anixter’s efficient supply of parts is an First $72.55 $52.26 $62.75 Glenview, Illinois 60026 chain excellence delivers measurable value to more than assistance, on-site customer seminars and customer specification Second 68.46 55.92 59.29 unrivaled dedication to quality, technology and a highly efficient Phone: 224.521.8000 100,000 customers worldwide. With locations in 52 In addition to providing in-depth technical support and product reviews. With years of experience in instrumentation and control Third 75.07 54.86 60.81 SM supply chain. Fourth 60.70 20.97 32.17 countries (and knowledgeable shipping expertise in evaluation, Anixter offers a variety of READY! Deployment Services cabling technologies, Anixter is also helping customers make informed TA R nSFER AGEnT many other countries), Anixter understands that our to customers around the world. By simplifying material management Our Quality Labs bring exceptional value to the OEM market. To keep securities information up to date and ensure that decisions about Industrial Ethernet products used on the factory floor. Sn ToCk ow ERSHIP shareholders receive financial information as soon as possible, value must scale consistently across the globe while at the job site, Anixter helps customers improve the speed of installation, Educational offerings such as Anixter university SM and the new School With seven regional quality labs, supplier evaluation processes On February 19, 2010, Anixter had 33,741,878 shares outstanding, please contact the transfer agent with any changes in your Products. Technology. Services. Delivered Globally. remaining tailored to local needs. lower the total cost of deployment and ensure technical infrastructures of Industrial Automation provide customers with a unique venue to and advanced testing facilities, Anixter aims for zero-defect 16.3 percent of which were held by officers and directors. On that name or address. are delivered as specified. performance on behalf of its customers. Anixter also offers date, the Company had 2,616 stockholders of record. Listening closely to our customers enables Anixter to learn about the latest technologies, cable standards and electrical Wells Fargo Shareowner Services In 2009, Anixter’s Infrastructure Solutions Lab delivered two innovative code updates. In 2009, Anixter launched its READY!SM Material incoming inspections and customer-specific quality plans to P.O. Box 64874 leverage its historic strengths–geographical footprint, D IvIDEnD PoLICy St.