Five Year Review

Revenue

($ in thousands)

$2,220,180

  • 16
    $2,143,736
  • 17
    $2,215,379
  • 18
    $2,241,437
  • 19
    $2,283,411
  • 20
    $2,220,180
Net Income

($ in thousands)(1)

$163,250

  • 16
    $83,591
  • 17
    $96,593
  • 18
    $111,030
  • 19
    $106,929
  • 20
    $163,250
Shareholders’ Equity

($ per share)

$13.30

  • 16
    $9.20
  • 17
    $10.60
  • 18
    $11.23
  • 19
    $11.80
  • 20
    $13.30

Income Statistics
($ in thousands, except amounts per share) 2020 2019 2018 2017 2016
Revenue $2,220,180 $2,283,411 $2,241,437 $2,215,379 $2,143,736
Cost of sales 1,236,258 1,284,826 1,264,561 1,261,112 1,228,499
Gross Profit $983,922 $998,585 $976,876 $954,267 $915,237
Operating expenses 773,437 855,539 826,286 822,838 801,049
Income before income taxes 210,485 143,046 150,590 131,429 114,188
Provision for income taxes 47,235 36,117 39,560 34,836 30,597
Net income $163,250 $106,929 $111,030 $96,593 $83,591
Common shares outstanding (weighted average '000s) 79,799 77,595 76,368 72,904 71,696
Earnings per common share $2.05 $1.38 $1.45 $1.32 $1.17
Percent annual change in sales (2.8%) 1.9% 1.2% 3.3% 5.5%
Net income as a percentage of sales 7.4% 4.7% 5.0% 4.4% 3.9%
Dividend declared $69,977 $43,445 $39,716 $35,136 $28,691
Balance Sheet Statistics
($ in thousands, except amounts per share) 2020 2019 2018 2017 2016
Shareholders′ equity $1,016,003 $915,764 $857,362 $773,048 $659,553
Total assets 2,418,589 2,146,461 1,723,572 1,661,455 1,611,662
Purchase of capital assets 43,493 32,931 19,650 55,041 25,689
Working capital 161,286 100,206 198,445 162,328 128,788
Shareholders′ equity per common share 13.30 11.80 11.23 10.60 9.20
Common share price range on the Toronto Stock Exchange
High $21.68 $17.29 $19.50 $19.57 $18.75
Low $10.25 $14.01 $14.70 $16.19 $13.08