Warehouses in Operations 1997 1998

Opened in US
Total number in US, year end count 200 211
International Store Openings
Number of international stores, year end count
End of year 274 292
Number of Mexico stores, equity (minority interest)
Total Openings

Annual Increase in store sales

Sales per store ($mm, year end count)

Members at Year End (thousands) 3,537 3,676

Business (primary cardholders) 7,845 8,654
Gold Star

Total Members per store (th.) 11,382.00 12,330.00

Membership Fee

Income Statement
Revenue
Net Sales 21,484.00 23,830.00
Membership fees and other 390.00 440.00
Total Revenues 21,874.00 24,270.00
Operating expenses
Merchandise Cost 19,314.00 21,380.00
SG & A 1,877.00 2,070.00
Preopening Expenses 27.00 27.00
Provision for impaired assets/ closings 75.00 6.00
Total operating expenses 21,293.00 23,483.00
Operating Income 581.00 787.00
Other Income (expenses)
Interest expense 76.00 48.00
Interest income and other 15.00 27.00
Provision for merger and restructuring 0.00 0.00
Income continuing operationss before taxes 520.00 766.00
Provision for Income taxes 208.00 306.00
Income before cumulative effect of accounting 312.00 460.00
Cumulative effect of accounting, net of tax 0.00 0.00
Income from continuing operations 312.00 460.00
Discontinued operations
Income (loss), net of tax 0.00 0.00
Loss on disposal 0.00 0.00
Net Income (loss) 312.00 460.00
Net income per common share
Basic, before accounting change 0.76 1.07
Cumulative effect of accounting changes 0.00 0.00
Basic 0.76 1.07
Diluted 0.73 1.01

Number of common shares for calculation

Basic 414,758.00 431,012.00
Diluted 449,336.00 463,371.00

Balance Sheet (Thousands)

Current Assets
Cash and equivalents 175,508.00 361,974.00
Short-term investments 0.00 75,549.00
Receivables, net 147,133.00 171,613.00
Merchandise inventories, net 1,686,525.00 1,910,751.00
Other current assets 100,784.00 108,343.00
Total Current assets 2,109,950.00 2,628,230.00
Property and equipment
Land and rights 1,094,607.00 1,119,663.00
Building, leaseholds and land improvements 1,933,740.00 2,170,896.00
Equipment and fixtures 840,578.00 948,515.00
Construction in process 81,417.00 91,901.00
Subtotal 3,950,342.00 4,330,975.00
Less accumulated depreciation 795,708.00 935,603.00
Net property plant and equipment 3,154,634.00 3,395,372.00
Other assets 211,730.00 236,218.00
Total assets 5,476,314.00 6,259,820.00

Current Liabilities
Short-term borrowing 25,460.00 0.00
Accounts Payable 1,394,309.00 1,605,533.00
Accrued salaries and benefits 302,681.00 352,903.00
Accrued sales and other tax 90,774.00 102,367.00
Deferred membership income 0.00 0.00
Other current liabilities 150,823.00 136,139.00
Total current liabilities 1,964,047.00 2,196,942.00
Long-term debt 917,001.00 930,035.00
Deferred income taxes and other liabilities 38,967.00 61,483.00
Total Liabilities 2,920,015.00 3,188,460.00
Minority interest 88,183.00 105,474.00
Stockholder's Equity
Preferred 0.00 0.00
Common 2,136.00 2,176.00
Aditional paid-in capital 706,324.00 817,628.00
Other accumulated 78,426.00 151,842.00
 Retained earnings 1,838,082.00 2,297,924.00
Total stockholder's equity 2,468,116.00 2,965,886.00
Total Liabilities and stockholder's equity 5,476,314.00 6,259,820.00
 1999 2000 2001 2002

27 28
221 237 264 292
7 3
81 84
308 331 345 376
20 20
41 31

0 2.00%
99 101

3,887 4,170 4,358 4,513

9,555 10,521 12,737

13,442.00 14,691.00 17,095.00 18,800.00

39.00 39
666,705.00 733,200.00

26,976.00 31,621.00 34,137.00 37976

480.00 543.00 660.00 733.20
27,456.00 32,164.00 34,797.00 38,709.20

24,170.00 28,322.00 30,598.00 34007.508

2,338.00 2,756.00 3,129.00 3444.4232
31.00 42.00 61.50 46.5
57.00 7.00 18.00 44.84
26,596.00 31,127.00 33,806.50 37,543.27
860.00 1,037.00 990.50 1,165.93

45.00 39.00 32.00 97.04

44.00 54.00 43.00 36.60
0.00 0.00 0.00 0.00
859.00 1,052.00 1,001.50 1,032.28
344.00 421.00 401.00 412.9139910538
515.00 631.00 602.00 619.37
118.00 0.00 0.00 0.00
397.00 631.00 602.00 619.37

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00
397.00 631.00 602.00 619.37
 1.17 1.41 1.34 1.4199835632
0.27 0.00 0.00 0.00
0.90 1.41 1.34 1.4199835632
0.86 1.35 1.29 1.3260541523

439,253.00 446,255.00 449,631.00 436,181.80

471,120.00 475,737.00 475,827.00 467,078.20

440,586.00 524,505.00 602,585.00

256,688.00 48,026.00 4,999.00
168,648.00 174,375.00 324,768.00
2,210,475.00 2,490,088.00 2,738,504.00
239,516.00 233,124.00 211,601.00
3,315,913.00 3,470,118.00 3,882,457.00

1,264,125.00 1,621,798.00 1,877,158.00

2,444,640.00 3,007,752.00 3,834,714.00
1,138,568.00 1,311,110.00 1,529,307.00
176,824.00 200,729.00 133,995.00
5,024,157.00 6,141,389.00 7,375,174.00
1,117,269.00 1,307,273.00 1,548,589.00
3,906,888.00 4,834,116.00 5,826,585.00 5,833,353.00
282,200.00 329,706.00 380,744.00 381,120.00
7,505,001.00 8,633,940.00 10,089,786.00

0.00 9,500.00 194,552.00

1,912,632.00 2,197,139.00 2,727,639.00
414,276.00 422,264.00 483,473.00
122,932.00 159,717.00 152,864.00
225,903.00 262,249.00 322,583.00
190,490.00 353,490.00 231,078.00
2,866,233.00 3,404,359.00 4,112,189.00
918,888.00 790,053.00 859,393.00
66,990.00 90,391.00 119,434.00 77,632.10
3,852,111.00 4,284,803.00 5,091,016.00
120,780.00 108,857.00 115,830.00 118,146.60

0.00 0.00 0.00

2,214.00 2,236.00 2,259.00
952,758.00 1,028,414.00 1,125,543.00
118,084.00 117,029.00 173,610.00
2,695,222.00 3,326,659.00 3,928,748.00
3,532,110.00 4,240,280.00 4,882,940.00
7,505,001.00 8,633,940.00 10,089,786.00
 2003 2004 2005 2006

28 28 28 30
320 348 376 406
6 6 6 6
90 96 102 108
410 444 478 514
20 20 20 20
34 34 34 36

2.00% 2.00% 2.00% 2.00%

103 105 107 109

20,500.00 22,200.00 23,900.00 25,700.00

39 40.00 40.00 40.00
799,500.00 888,000.00 956,000.00 1,028,000.00

42230 46620 51146 56026

799.50 888.00 956.00 1,028.00
43,029.50 47,508.00 52,102.00 57,054.00

37795.85 41724.9 45775.67 50143.27

3788.031 4135.194 4485.5042 4857.4542
51 51 51 54
49.86 55.05 60.39 66.15
41,684.74 45,966.14 50,372.56 55,120.88
1,344.76 1,541.86 1,729.44 1,933.12

107.85 119.07 130.63 143.09

36.60 36.60 36.60 36.60
0.00 0.00 0.00 0.00
1,200.30 1,386.19 1,562.21 1,753.43
480.1207491017 554.4773848714 624.8839719999 701.3738031061
720.18 831.72 937.33 1,052.06
0.00 0.00 0.00 0.00
720.18 831.72 937.33 1,052.06

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00
720.18 831.72 937.33 1,052.06
1.6511031035 1.9068105944 2.1489341325 2.4119775393
0.00 0.00 0.00 0.00
1.6511031035 1.9068105944 2.1489341325 2.4119775393
1.5418855422 1.7806784331 2.0067859258 2.2524294747

436,181.80 436,181.80 436,181.80 436,181.80

467,078.20 467,078.20 467,078.20 467,078.20

5,840,733.00 5,848,725.00 5,857,329.00 5,866,581.00

381,530.00 381,974.00 382,452.00 382,966.00

50,460.87 32,799.56 21,319.72 13,857.82

120,509.53 122,919.72 125,378.12 127,885.68

 2007 2008 2009 2010

30 30 30 30
436 466 496 526
12 12 12 12
120 132 144 156
556 598 640 682
20 20 20 20
42 42 42 42

2.00% 2.00% 2.00% 2.00%

111 114 116 118

27,800.00 29,900.00 32,000.00 34,100.00

41.00 41.00 41.00 41.00
1,139,800.00 1,225,900.00 1,312,000.00 1,398,100.00

61716 68172 74240 80476

1,139.80 1,225.90 1,312.00 1,398.10
62,855.80 69,397.90 75,552.00 81,874.10

55235.82 61013.94 66444.8 72026.02

5307.576 5862.792 6384.64 6920.936
63 63 63 63
72.87 80.49 87.66 95.02
60,679.27 67,020.23 72,980.10 79,104.98
2,176.53 2,377.67 2,571.90 2,769.12

157.62 174.11 189.61 205.53

36.60 36.60 36.60 36.60
0.00 0.00 0.00 0.00
1,982.31 2,166.96 2,345.69 2,526.99
792.924865687 866.7859307734 938.2778240424 1010.7955442839
1,189.39 1,300.18 1,407.42 1,516.19
0.00 0.00 0.00 0.00
1,189.39 1,300.18 1,407.42 1,516.19

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00
1,189.39 1,300.18 1,407.42 1,516.19
2.7268155125 2.9808187691 3.2266746023 3.4760581859
0.00 0.00 0.00 0.00
2.7268155125 2.9808187691 3.2266746023 3.4760581859
2.5464414707 2.7836428593 3.0132357624 3.2461230612

436,181.80 436,181.80 436,181.80 436,181.80

467,078.20 467,078.20 467,078.20 467,078.20

5,876,589.00 5,887,353.00 5,898,873.00 5,911,149.00

383,522.00 384,120.00 384,760.00 385,442.00

9,007.58 5,854.93 3,805.70 2,473.71

130,443.39 133,052.26 135,713.31 138,427.57

 2011 2012 2013 2014
Maturity of firm
23 15 7 0
549 564 571 571
9 6 3 0
165 171 174 174
714 735 745 745
20 20 20 20
32 21 10 0

2.00% 2.00% 2.00% 2.00%

120 123 125 128

35700 36750 37250 37250

42.00 42.00 42.00 42.00
1,499,400.00 1,543,500.00 1,564,500.00 1,564,500.00

85937.04 90233.892 93290.79528 95156.6111856

1,499.40 1,543.50 1,564.50 1,564.50
87,436.44 91,777.39 94,855.30 96,721.11

76913.6508 80759.33334 83495.2617756 85165.167011112

7390.58544 7760.114712 8023.00839408 8183.4685619616
48 31.5 15 0
101.47 106.54 110.15 112.36
84,453.71 88,657.49 91,643.42 93,460.99
2,982.73 3,119.90 3,211.87 3,260.12

219.48 230.45 238.26 243.03

36.60 36.60 36.60 36.60
0.00 0.00 0.00 0.00
2,726.65 2,852.85 2,937.01 2,980.49
1090.6612712479 1141.1383348103 1174.804131459 1192.1970140881
1,635.99 1,711.71 1,762.21 1,788.30
0.00 0.00 0.00 0.00
1,635.99 1,711.71 1,762.21 1,788.30

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00
1,635.99 1,711.71 1,762.21 1,788.30
3.7507110725 3.9242983137 4.0400727339 4.0998856925
0.00 0.00 0.00 0.00
3.7507110725 3.9242983137 4.0400727339 4.0998856925
3.5026081433 3.6647128944 3.7728290406 3.8286854774

436,181.80 436,181.80 436,181.80 436,181.80

467,078.20 467,078.20 467,078.20 467,078.20

141,196.12 144,020.05 146,900.45

 2015

0
571
0
174
745
20
0

5.00%
134

37250
42.00
1,564,500.00

99914.44174488
1,564.50
101,478.94

89423.4253616676
8592.6419900597
0
117.97
98,134.04
3,344.90

255.18
36.60
0.00
3,053.12
1221.2488647925
1,831.87
0.00
1,831.87

0.00
0.00
1,831.87
4.1997930615
0.00
4.1997930615
3.92198415

436,181.80
467,078.20
Date Open High Low Close Adj Close Volume Date
7/1/1986 10.6875 11.125 9.3125 10.0625 7.368961 14780000 7/1/1986
8/1/1986 10 10.125 8.125 9.125 6.682416 26423200 8/1/1986
9/1/1986 9.1875 9.4375 7.0625 8.5625 6.270485 24114800 9/1/1986
10/1/1986 8.6875 9.1875 8.0625 9 6.590874 11801200 10/1/1986
11/1/1986 8.875 9.25 8.1875 9 6.590874 9452000 11/1/1986
12/1/1986 9 9.1875 7.9375 8.1875 5.995864 12063200 12/1/1986
1/1/1987 8.1875 10.0625 8.125 9.71875 7.117229 20516400 1/1/1987
2/1/1987 9.75 11.3125 9.4375 11.0625 8.101284 15010000 2/1/1987
3/1/1987 11.0625 12.9375 10.6875 12 8.78783 20943600 3/1/1987
4/1/1987 11.75 12.375 9.5 10.625 7.780894 14492800 4/1/1987
5/1/1987 10.625 11.25 10.25 10.8125 7.918206 13502400 5/1/1987
6/1/1987 10.8125 12.25 10.375 11.21875 8.215707 14135600 6/1/1987
7/1/1987 11.21875 12.3125 11.125 11.9375 8.742064 17192000 7/1/1987
8/1/1987 11.875 13.125 11.6875 12.5 9.153989 13851200 8/1/1987
9/1/1987 12.4375 12.5 10.5625 11.5625 8.467443 14910000 9/1/1987
10/1/1987 11.5625 11.8125 6.6875 7.75 5.675476 36328800 10/1/1987
11/1/1987 7.75 8.0625 6.4375 6.75 4.943155 18430800 11/1/1987
12/1/1987 6.75 8.3125 5.875 8.1875 5.995864 22402800 12/1/1987
1/1/1988 8.125 9 7.75 8.90625 6.522218 13741200 1/1/1988
2/1/1988 8.9375 10.125 8.75 10 7.323191 19825200 2/1/1988
3/1/1988 10 10 9 9.375 6.865494 17984400 3/1/1988
4/1/1988 9.25 9.75 8.9375 9.5 6.957034 12283600 4/1/1988
5/1/1988 9.5625 9.8125 8.875 9.0625 6.636645 11776800 5/1/1988
6/1/1988 9.1875 10.0625 9.0625 9.5625 7.002807 14892000 6/1/1988
7/1/1988 9.5 9.5625 8.375 8.8125 6.453564 17592000 7/1/1988
8/1/1988 8.8125 9.3125 8.4375 9.21875 6.751067 11145600 8/1/1988
9/1/1988 9.1875 9.8125 8.90625 9.6875 7.094342 13489200 9/1/1988
10/1/1988 9.625 10.5625 9.5 10 7.323191 19822800 10/1/1988
11/1/1988 9.9375 10.0625 9.125 9.8125 7.185886 10398800 11/1/1988
12/1/1988 9.8125 10.1875 9.375 9.375 6.865494 13875600 12/1/1988
1/1/1989 9.375 9.875 8.8125 9.375 6.865494 29280400 1/1/1989
2/1/1989 9.3125 9.4375 8.90625 9.25 6.773956 29131200 2/1/1989
3/1/1989 9.1875 9.46875 8.6875 9.0625 6.636645 22534800 3/1/1989
4/1/1989 9 10.5 8.875 10.1875 7.460502 22698000 4/1/1989
5/1/1989 10.125 11.9375 10.125 11.125 8.147052 36148800 5/1/1989
6/1/1989 11.125 11.9375 9.8125 10 7.323191 34459200 6/1/1989
7/1/1989 10 11 9.8125 10.9375 8.009739 12197600 7/1/1989
8/1/1989 11 11.125 10.375 11.125 8.147052 20632800 8/1/1989
9/1/1989 11.0625 11.1875 10.4375 10.75 7.872432 15056400 9/1/1989
10/1/1989 10.625 12.125 10.3125 11.03125 8.078398 33341600 10/1/1989
11/1/1989 11 12.375 10.5 11.6875 8.558983 20432800 11/1/1989
12/1/1989 11.75 12.0625 10.4375 11.5625 8.467443 13648400 12/1/1989
1/1/1990 11.625 12.0625 9.4375 9.84375 7.208768 30140000 1/1/1990
2/1/1990 9.875 10 9.1875 9.5625 7.002807 29525200 2/1/1990
3/1/1990 9.6875 10.4375 9.5 9.6875 7.094342 32876000 3/1/1990
4/1/1990 9.4375 9.6875 8.3125 8.5625 6.270485 35638400 4/1/1990
5/1/1990 8.625 9.875 8.125 9.59375 7.025688 41484000 5/1/1990
 6/1/1990 9.625 10.5 9 10.375 7.597812 29798800 6/1/1990
7/1/1990 10.3125 11 9.5625 10 7.323191 21058400 7/1/1990
8/1/1990 9.9375 10.0625 7.5625 8.3125 6.087405 22927200 8/1/1990
9/1/1990 8.25 8.4375 6.9375 7.3125 5.355084 19492000 9/1/1990
10/1/1990 7.375 8.1875 6.625 7.8125 5.721245 24150800 10/1/1990
11/1/1990 7.8125 9.8125 7.75 9.5625 7.002807 15894000 11/1/1990
12/1/1990 9.6875 10.0625 9.125 9.8125 7.185886 23303200 12/1/1990
1/1/1991 9.75 11.15625 9.4375 11.125 8.147052 52237600 1/1/1991
2/1/1991 11.0625 11.6875 9.875 10.34375 7.574931 46168800 2/1/1991
3/1/1991 10.25 11.8125 10.1875 11.6875 8.558983 23923200 3/1/1991
4/1/1991 11.6875 14.625 11.5 12.75 9.337075 51606000 4/1/1991
5/1/1991 12.75 14.625 12.3125 13.875 10.160931 31624800 5/1/1991
6/1/1991 13.875 13.9375 12.875 13.5 9.886311 22034800 6/1/1991
7/1/1991 13.4375 14.0625 12.5 13.625 9.977853 19150000 7/1/1991
8/1/1991 13.625 16.3125 13 15.875 11.625572 40574800 8/1/1991
9/1/1991 16.03125 16.1875 14.375 15.0625 11.030563 28378000 9/1/1991
10/1/1991 15.0625 15.5 13.625 14.875 10.893252 35168800 10/1/1991
11/1/1991 15 15.4375 13.4375 13.9375 10.206703 28170800 11/1/1991
12/1/1991 13.75 14 10.9375 12.5625 9.199763 66151200 12/1/1991
1/1/1992 12.3125 12.6875 11.1875 11.4375 8.375902 58341600 1/1/1992
2/1/1992 11.3125 13.75 11.3125 13.5 9.886311 36164000 2/1/1992
3/1/1992 13.5 13.5 11.4375 11.75 8.604753 25782800 3/1/1992
4/1/1992 11.5625 11.625 7.375 7.625 5.583935 111227600 4/1/1992
5/1/1992 7.6875 8.6875 7.5 8.4375 6.178946 29545600 5/1/1992
6/1/1992 8.5 8.71875 8 8.25 6.041635 32771200 6/1/1992
7/1/1992 8.25 8.75 7.9375 8.5 6.224714 27486000 7/1/1992
8/1/1992 8.625 8.625 7.625 7.6875 5.629705 14805200 8/1/1992
9/1/1992 7.5625 8.0625 7.4375 8 5.858555 25708000 9/1/1992
10/1/1992 7.875 9.25 7.75 8.8125 6.453564 20669600 10/1/1992
11/1/1992 8.75 11.25 8.6875 9.75 7.140112 69726000 11/1/1992
12/1/1992 9.8125 10.375 8.375 9.0625 6.636645 39689200 12/1/1992
1/1/1993 9.3125 10 8.875 9.375 6.865494 32733200 1/1/1993
2/1/1993 9.4375 9.625 8.1875 8.375 6.133174 23601600 2/1/1993
3/1/1993 8.4375 8.8125 7.875 8.3125 6.087405 17438800 3/1/1993
4/1/1993 8.3125 8.3125 7.0625 7.25 5.309316 24933200 4/1/1993
5/1/1993 7.3125 7.625 7.0625 7.3125 5.355084 13199600 5/1/1993
6/1/1993 7.4375 9.84375 7.1875 8.5 6.224714 51965200 6/1/1993
7/1/1993 8.5 8.6875 7.875 7.9375 5.812786 13135600 7/1/1993
8/1/1993 7.9375 9.5 7.9375 9.5 6.957034 22382800 8/1/1993
9/1/1993 9.5 9.59375 8.78125 9.46875 6.934149 25847200 9/1/1993
10/1/1993 9.40625 10.5625 8.75 8.875 6.499333 48725800 10/1/1993
stock split 10/22/1993
11/1/1993 8.9375 9.625 8.5625 9.5625 7.002807 41325400 11/1/1993
12/1/1993 9.625 10.6875 9.4375 9.625 7.048572 64133000 12/1/1993
1/1/1994 9.5625 9.6875 8.4375 8.875 6.499333 62653600 1/1/1994
2/1/1994 8.75 10.0625 8.5 10 7.323191 54060800 2/1/1994
3/1/1994 9.9375 10.8125 8.6875 9.0625 6.636645 98705400 3/1/1994
4/1/1994 8.9375 9.125 7 7.5625 5.538166 47641600 4/1/1994
 5/1/1994 7.6875 7.875 6.5625 6.625 4.851616 51507600 5/1/1994
6/1/1994 6.625 7.875 6.5 7.46875 5.469511 62757000 6/1/1994
7/1/1994 7.4375 7.9375 6.875 7.5 5.492396 36721200 7/1/1994
8/1/1994 7.5 8 7.0625 7.84375 5.74413 35838800 8/1/1994
9/1/1994 7.75 8.25 7.125 8.03125 5.881439 38216600 9/1/1994
10/1/1994 8 8.375 7.4375 7.875 5.767017 30936600 10/1/1994
11/1/1994 7.875 8.25 7.0625 7.6875 5.629705 34190800 11/1/1994
12/1/1994 7.625 7.6875 6.25 6.4375 4.714307 53485200 12/1/1994
1/1/1995 6.4375 7.125 6 6.875 5.034696 58513400 1/1/1995
2/1/1995 6.875 7.4375 6.5 6.8125 4.988926 33413600 2/1/1995
3/1/1995 6.75 7.5625 6 7.375 5.400855 46205400 3/1/1995
4/1/1995 7.3125 7.6875 7.125 7.3125 5.355084 20913600 4/1/1995
5/1/1995 7.25 7.375 6.5625 7.0625 5.172007 35898200 5/1/1995
6/1/1995 7 8.3125 6.875 8.125 5.950096 45461800 6/1/1995
7/1/1995 8.125 9.375 8.125 8.96875 6.56799 55933800 7/1/1995
8/1/1995 9.0625 9.3125 8.375 8.4375 6.178946 31059600 8/1/1995
9/1/1995 8.4375 9.3125 8.1875 8.5625 6.270485 28591400 9/1/1995
10/1/1995 8.5625 9.0625 8.1875 8.5 6.224714 27939800 10/1/1995
11/1/1995 8.5 8.6875 7.875 8.3125 6.087405 32686800 11/1/1995
12/1/1995 8.3125 8.6875 6.8125 7.625 5.583935 56413200 12/1/1995
1/1/1996 7.625 8.25 7.3125 7.8125 5.721245 41378400 1/1/1996
2/1/1996 7.8125 9.0625 7.75 8.625 6.316255 51109200 2/1/1996
3/1/1996 8.625 9.9375 8.5625 9.375 6.865494 53006600 3/1/1996
4/1/1996 9.4375 9.5625 8.5625 9.5 6.957034 38968000 4/1/1996
5/1/1996 9.5 10.5625 9 10 7.323191 47821200 5/1/1996
6/1/1996 10 10.9375 9.75 10.8125 7.918206 72766000 6/1/1996
7/1/1996 10.6875 10.875 9.46875 10.25 7.506275 62505800 7/1/1996
8/1/1996 10.1875 10.875 9.9375 9.9375 7.277424 37079200 8/1/1996
9/1/1996 9.9375 11.0625 9.8125 10.25 7.506275 51878000 9/1/1996
10/1/1996 10.25 11 9.4375 9.9375 7.277424 67183000 10/1/1996
11/1/1996 9.9375 11.6875 9.75 11.625 8.513211 64427600 11/1/1996
12/1/1996 11.6875 13 11.25 12.5625 9.199763 82992000 12/1/1996
1/1/1997 12.625 14 11.875 13.3125 9.749001 105483600 1/1/1997
2/1/1997 13.3125 13.625 12.1875 12.8125 9.382841 61314600 2/1/1997
3/1/1997 12.8125 15.1875 12.75 13.8125 10.115161 105479000 3/1/1997
4/1/1997 13.75 14.9375 13.25 14.4375 10.572862 66642600 4/1/1997
5/1/1997 14.4375 17.3125 13.6875 16.875 12.357893 90723200 5/1/1997
6/1/1997 16.9375 17.65625 15.8125 16.4375 12.037501 73246600 6/1/1997
7/1/1997 16.46875 19.4375 15.5 18.9375 13.868298 86260200 7/1/1997
8/1/1997 19 19.4375 16.875 18.03125 13.204638 81442800 8/1/1997
9/1/1997 18.03125 19.9375 18 18.8125 13.776758 61296800 9/1/1997
10/1/1997 18.75 20.625 16.9375 19.25 14.097144 77113600 10/1/1997
11/1/1997 19.5625 22.46875 19.375 22.15625 16.225454 83953800 11/1/1997
12/1/1997 22.125 22.59375 19.9375 22.3125 16.339876 70241400 12/1/1997
1/1/1998 22.3125 22.8125 21 21.6875 15.882172 63694000 1/1/1998
2/1/1998 21.75 25.375 21.6875 24.4375 17.896053 55733400 2/1/1998
3/1/1998 24.5625 29.375 24 26.6875 19.543779 75608800 3/1/1998
4/1/1998 26.75 28.8125 25.5625 27.9375 20.459181 63272200 4/1/1998
 5/1/1998 27.96875 29.4375 26.0625 28.9375 21.191494 54440400 5/1/1998
6/1/1998 28.84375 32.054688 28.125 31.53125 23.090948 76802000 6/1/1998
7/1/1998 31.53125 32.875 28.375 28.375 20.77956 62908200 7/1/1998
8/1/1998 28.34375 29.96875 23.5 23.53125 17.232397 99569400 8/1/1998
9/1/1998 23.625 28.375 22.5 23.6875 17.346815 157175200 9/1/1998
10/1/1998 23.0625 29.40625 20.625 28.375 20.77956 116279000 10/1/1998
11/1/1998 28.9375 32.4375 28.25 31.375 22.976519 66797400 11/1/1998
12/1/1998 31 38.0625 28.6875 36.09375 26.432146 86047400 12/1/1998
1/1/1999 36.21875 41.65625 34.625 41.4375 30.34548 67150600 1/1/1999
2/1/1999 41.5625 43 36.71875 40.15625 29.407211 69782000 2/1/1999
3/1/1999 40.3125 46.625 40.1875 45.78125 33.526512 90726400 3/1/1999
4/1/1999 45.96875 46.875 38.21875 40.46875 29.636053 94183800 4/1/1999
5/1/1999 40.46875 43.28125 35.3125 36.25 26.546581 109286000 5/1/1999
6/1/1999 36.4375 40.09375 35.3125 40.03125 29.315655 70325400 6/1/1999
7/1/1999 39.6875 43.5625 36.46875 37.375 27.370438 68120800 7/1/1999
8/1/1999 37.5 40.84375 35.5 37.375 27.370438 83450400 8/1/1999
9/1/1999 37.4375 37.5 32.6875 36 26.363495 135572800 9/1/1999
10/1/1999 36 42.1875 35.25 40.15625 29.407211 123576000 10/1/1999
11/1/1999 40 46.375 39.25 45.84375 33.572258 88247600 11/1/1999
12/1/1999 45.71875 49.375 43 45.625 33.41206 102666000 12/1/1999
1/1/2000 45.53125 53.125 41.84375 48.9375 35.837894 95158600 1/1/2000
stock split 1/14/2000
2/1/2000 49.3125 55.1875 41.875 49.625 36.341354 80449500 2/1/2000
3/1/2000 49.4375 56.0625 42.375 52.5625 38.492538 128374200 3/1/2000
4/1/2000 51.5 60.5 46.3125 54.0625 39.591011 96789700 4/1/2000
5/1/2000 54.0625 59 25.9375 31.9375 23.388447 213353300 5/1/2000
6/1/2000 32.6875 34.6875 31.25 33 24.16654 160436500 6/1/2000
7/1/2000 33 37.125 31.1875 32.5625 23.846149 106147400 7/1/2000
8/1/2000 32.25 38.0625 31.625 34.4375 25.219252 110153000 8/1/2000
9/1/2000 34.8125 39.0625 32.625 34.9375 25.585407 87117200 9/1/2000
10/1/2000 33.5625 36.75 29.3125 36.625 26.82119 130958400 10/1/2000
11/1/2000 36.6875 37.375 32.0625 32.625 23.891916 116075600 11/1/2000
12/1/2000 33.25 41.5 31.75 39.9375 29.247 142507800 12/1/2000
1/1/2001 40 46.375 39 46.25 33.869774 167560600 1/1/2001
2/1/2001 45.875 46.375 39.75 41.75 30.574339 93210000 2/1/2001
3/1/2001 41.375 43.109375 35.3125 39.25 28.743544 138072500 3/1/2001
4/1/2001 38.8125 40.369999 33.169998 34.93 25.579916 116253500 4/1/2001
5/1/2001 35.040001 39.389999 33.950001 38.91 28.494545 109293700 5/1/2001
6/1/2001 39.209999 44.049999 37.5 41.080002 30.083677 97587300 6/1/2001
7/1/2001 41.259998 44.700001 39.880001 43.049999 31.526354 79465000 7/1/2001
8/1/2001 43.18 43.849998 36.5 37.41 27.396069 71472500 8/1/2001
9/1/2001 37.549999 39 29.83 35.560001 26.041283 84414500 9/1/2001
10/1/2001 35.279999 40.549999 33.099998 37.830002 27.703648 90556000 10/1/2001
11/1/2001 38 43.84 37.299999 40.880001 29.937214 89047900 11/1/2001
12/1/2001 40.650002 45.369999 40.080002 44.380001 32.500336 76693500 12/1/2001
1/1/2002 44.200001 46.02 41.98 46 33.68668 80990200 1/1/2002
2/1/2002 45.68 46.900002 41.25 41.259998 30.215508 88377600 2/1/2002
3/1/2002 41.32 42.689999 38.290001 39.82 29.16095 139301800 3/1/2002
4/1/2002 39.470001 43.049999 38.57 40.200001 29.439251 88981000 4/1/2002
5/1/2002 40.009998 41.860001 37.580002 39.27 28.758192 87754100 5/1/2002
6/1/2002 39.290001 41.349998 36.57 38.619999 28.282162 79509800 6/1/2002
7/1/2002 38.529999 39.549999 31 34.869999 25.535975 107983500 7/1/2002
Adj Close
7.368961
6.682416
6.270485
6.590874
6.590874
5.995864
7.117229
8.101284
8.78783
7.780894
7.918206
8.215707
8.742064
9.153989
8.467443
5.675476
4.943155
5.995864
6.522218
7.323191
6.865494
6.957034
6.636645
7.002807
6.453564
6.751067
7.094342
7.323191
7.185886
6.865494
6.865494
6.773956
6.636645
7.460502
8.147052
7.323191
8.009739
8.147052
7.872432
8.078398
8.558983
8.467443
7.208768
7.002807
7.094342
6.270485
7.025688
 7.597812
7.323191
6.087405
5.355084
5.721245
7.002807
7.185886
8.147052
7.574931
8.558983
9.337075
10.160931
9.886311
9.977853
11.625572
11.030563
10.893252
10.206703
9.199763
8.375902
9.886311
8.604753
5.583935
6.178946
6.041635
6.224714
5.629705
5.858555
6.453564
7.140112
6.636645
6.865494
6.133174
6.087405
5.309316
5.355084
6.224714
5.812786
6.957034
6.934149
6.499333

7.002807
7.048572
6.499333
7.323191
6.636645
5.538166
 4.851616
5.469511
5.492396
5.74413
5.881439
5.767017
5.629705
4.714307
5.034696
4.988926
5.400855
5.355084
5.172007
5.950096
6.56799
6.178946
6.270485
6.224714
6.087405
5.583935
5.721245
6.316255
6.865494
6.957034
7.323191
7.918206
7.506275
7.277424
7.506275
7.277424
8.513211
9.199763
9.749001
9.382841
10.115161
10.572862
12.357893
12.037501
13.868298
13.204638
13.776758
14.097144
16.225454
16.339876
15.882172
17.896053
19.543779
20.459181
21.191494
23.090948
20.77956
17.232397
17.346815
20.77956
22.976519
26.432146
30.34548
29.407211
33.526512
29.636053
26.546581
29.315655
27.370438
27.370438
26.363495
29.407211
33.572258
33.41206
35.837894

36.341354
38.492538
39.591011
23.388447
24.16654
23.846149
25.219252
25.585407
26.82119
23.891916
29.247
33.869774
30.574339
28.743544
25.579916
28.494545
30.083677
31.526354
27.396069
26.041283
27.703648
29.937214
32.500336
33.68668
30.215508
29.16095
29.439251
28.758192
28.282162
25.535975
 Close Stock Price (Adjusted for dividends and stock splits)
45

40

35

30

25
Close Price

20

15

10

0
7/1/1986 7/1/1987 7/1/1988 7/1/1989 7/1/1990 7/1/1991 7/1/1992 7/1/1993 7/1/1994 7/1/1995 7/1/1996 7/1/1997 7/1/1998 7/1/1

Date
s and stock splits)

5 7/1/1996 7/1/1997 7/1/1998 7/1/1999 7/1/2000 7/1/2001 7/1/2002

Date Open High Low Close Adj Close Volume
7/1/1986 10.6875 11.125 9.3125 10.0625 7.368961 14780000
7/1/1987 11.21875 12.3125 11.125 11.9375 8.742064 17192000 0.186336 1.186336
7/1/1988 9.5 9.5625 8.375 8.8125 6.453564 17592000 -0.26178 0.73822
7/1/1989 10 11 9.8125 10.9375 8.009739 12197600 0.241134 1.241134
7/1/1990 10.3125 11 9.5625 10 7.323191 21058400 -0.08571 0.914286
7/1/1991 13.4375 14.0625 12.5 13.625 9.977853 19150000 0.362501 1.362501
7/1/1992 8.25 8.75 7.9375 8.5 6.224714 27486000 -0.37615 0.623853
7/1/1993 8.5 8.6875 7.875 7.9375 5.812786 13135600 -0.06618 0.933824
7/1/1994 7.4375 7.9375 6.875 7.5 5.492396 36721200 -0.05512 0.944882
7/1/1995 8.125 9.375 8.125 8.96875 6.56799 55933800 0.195833 1.195833
7/1/1996 10.6875 10.875 9.46875 10.25 7.506275 62505800 0.142857 1.142857
7/1/1997 16.46875 19.4375 15.5 18.9375 13.8683 86260200 0.847561 1.847561
7/1/1998 31.53125 32.875 28.375 28.375 20.77956 62908200 0.49835 1.49835
7/1/1999 39.6875 43.5625 36.46875 37.375 27.37044 68120800 0.317181 1.317181
7/1/2000 33 37.125 31.1875 32.5625 23.84615 1.06E+08 -0.12876 0.871237
7/1/2001 41.26 44.7 39.88 43.05 31.52635 79465000 0.322073 1.322073
7/1/2002 38.53 39.55 31 34.87 25.53598 1.08E+08 -0.19001 0.809988
7/1/2003 36.38 37.71 35.66 36.99 27.08849 54265300 0.060797 1.060797
7/1/2004 41.3 41.98 39.81 40.71 29.89262 72491600 0.103518 1.103518
7/1/2005 45.1 46.8 44.52 45.97 34.0738 40251700 0.139873 1.139873
7/1/2006 57.18 57.94 50.7 52.76 39.48024 82553700 0.158669 1.158669
7/1/2007 59.5 63.07 58.34 59.8 45.19861 89572800 0.144841 1.144841
7/1/2008 69.42 74.89 60.24 62.68 47.80531 1.91E+08 0.057672 1.057672
7/1/2009 45.81 49.93 44.37 49.5 38.24836 96823400 -0.19991 0.800086
7/1/2010 54.73 57.4 53.41 56.71 44.40328 90675600 0.16092 1.16092
7/1/2011 81.5 83.45 77.19 78.25 62.04096 36468100 0.397216 1.397216
7/1/2012 95 97.76 93.11 96.18 77.19073 34993500 0.24419 1.24419
7/1/2013 111.55 119.39 110.06 117.42 102.0408 30468900 0.32193 1.32193
7/1/2014 115.54 119.6 114.9 117.54 103.2634 39082200 0.011982 1.011982
7/1/2015 135.79 147 135.06 145.3 133.3062 40333900 0.290934 1.290934
7/1/2016 157.19 168.82 154.67 167.22 155.1118 43086800 0.163575 1.163575
7/1/2017 160.21 161.35 150 158.51 154.7206 93217800 -0.00252 0.997478
7/1/2018 208.42 224.62 206.05 218.71 216.0023 36353800 0.39608 1.39608
7/1/2019 266.43 284.31 261.67 275.63 275.0216 32122300 0.273235 1.273235
37.32163
 HPR HPR (percent)
0.1159 11.59%

0.030303 1.115925 0.115925 11.5925418