He Barnes and Noble's Financial Report

The Barnes and Noble's financial report begins with the letter to the shareholders explaining the challenges faced within the previous ear and the items that have brought a financial gain. They talk about how some people were worried about the staying power of a bookstore in a digital era. The quick overview gives the information that the sales have actually grown by 27% in the e-Book market and an increase by 65% for BN.com. The following section in the Report are the Statement of Operations Data which will break down the actual sales and gains or loss's that Barnes and Noble has which I will go into more detail later on. The Basic earnings per common share is the next data sheet present in the report showing the loss for this fiscal year from continuing operations. The Balance sheet data is the final numbers on the first overview report showing there total assets, Long-term debt, and Long-term subordinated note.

Now taking a look at the actually numbers beginning with the statement of operations data. They show everything in a side-by-side comparison with the previous year four years with 2009 being broken up into two 13-week segments. The Sales are separated between Retail, College, and Barnes & Noble.com. Minus the cost of sales and occupancy gives the Gross profit of 1,792,853 (in the thousands of dollars), which was an increase from Fiscal year 2010 that was 1,676,745. However if you happen to look a couple lines below that they show a net earnings loss of 73,957 that they state as being attributable to non-controlling interest, which represents the 50% outside interest in Begin Smart LLC. During the second quarter of fiscal 2011, the Company purchased the remaining 50% outside interest in begins Smart LLC.

Under the Basic earnings per common share section you see that there is a loss of $1.31 per share. That number stays the same until you see that the Dividends paid per share was $0.75. They then show you the number of stores operating and the sales increase or decrease percentage wise for their three main sections. With Barnes and Noble.com showing the 64.7% up from the 24% the previous year. The Balance sheet in the end shows the Total Assets of $3,596,466 (in the thousands) and long-term debt of $313,100.

Some of the key factors influencing the financial performance during this year were the authorized change in the Company's fiscal year end from the Saturday closest to the last day of January to the Saturday closest to the last day of April. This change became effective on September 30,2009 upon the closing of the acquisition of the Barnes & Noble College Booksellers Inc. They made this change in order to have the same fiscal year for Barnes and Noble the company and B&N College the same fiscal year. Another key influence was there web site which they state has being one of the Web's largest ecommerce site, which gives them a wider market base to sell there eBooks, and