Fleetwood Enterprises, Inc.
Supplemental Operational Data
Quarter-Ended April 25, 2004
Unaudited
(Dollars in thousands, except price per unit)
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| Housing Group |
| Recreational Vehicle Group |
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| Wholesale |
| Retail |
| Inter company |
| Total |
| Motor |
| Travel |
| Folding |
| Total |
| Supply |
| Financial |
| Other |
| Company |
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Operating revenues |
| $ | 163,562 |
| $ | 48,233 |
| $ | (20,214 | ) | $ | 191,581 |
| $ | 301,259 |
| $ | 154,389 |
| $ | 27,028 |
| $ | 482,676 |
| $ | 13,670 | (A) | $ | 1,437 |
| $ | — |
| $ | 689,364 |
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Units sold |
| 5,350 |
| 918 |
| (570 | ) | NM |
| 3,020 |
| 9,037 |
| 3,786 |
| 15,843 |
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Single-sections |
| 1,449 |
| 137 |
| (90 | ) | NM |
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Multi-sections |
| 3,901 |
| 661 |
| (480 | ) | NM |
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Pre-owned |
| NM |
| 120 |
| NM |
| NM |
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Class As |
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| 2,320 |
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Class Cs |
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| 700 |
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Conventional trailers |
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| 6,930 |
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Fifth-wheel trailers |
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| 2,107 |
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Average selling price per unit |
| $ | 30,572 |
| $ | 52,541 |
| $ | 35,401 |
| NM |
| $ | 99,755 |
| $ | 17,084 |
| $ | 7,139 |
| NM |
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Gross profit percent |
| 20.9 | % | 18.8 | % | NM |
| 22.9 | % | 14.8 | % | 14.7 | % | 12.1 | % | 14.6 | % | 12.9 | % | NM |
| NM |
| 17.6 | % | ||||||||||||
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Operating income (loss) |
| $ | 125 |
| $ | (11,231 | ) | $ | 716 |
| $ | (10,390 | ) | $ | 16,255 |
| $ | 1,694 |
| $ | (1,404 | ) | $ | 16,545 |
| $ | 1,989 |
| $ | (516 | ) | $ | 3,697 |
| $ | 11,325 |
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Operating margin |
| 0.1 | % | (23.3% | ) | NM |
| (5.4% | ) | 5.4 | % | 1.1 | % | (5.2% | ) | 3.4 | % | 14.6 | % | NM |
| NM |
| 1.6 | % | ||||||||||||
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Depreciation |
| $ | 1,750 |
| $ | 1,230 |
| $ | — |
| $ | 2,980 |
| $ | 679 |
| $ | 576 |
| $ | 357 |
| $ | 1,612 |
| $ | 392 |
| $ | 8 |
| 956 |
| $ | 5,948 |
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Capital expenditures (est.) |
| $ | 498 |
| $ | 817 |
| $ | — |
| $ | 1,315 |
| $ | 7,606 |
| $ | 80 |
| $ | 145 |
| $ | 7,831 |
| $ | 276 |
| $ | 9 |
| $ | 1,906 |
| $ | 11,337 |
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(A) | Excludes $45,578,000 of inter company sales. |
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NM | Not meaningful. |
Fleetwood Enterprises, Inc.
Supplemental Operational Data
Fiscal Year Ended April 25, 2004
Unaudited
(Dollars in thousands, except price per unit)
|
| Housing Group |
| Recreational Vehicle Group |
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| Wholesale |
| Retail |
| Inter |
| Total |
| Motor Homes |
| Travel |
| Folding |
| Total |
| Supply |
| Financial |
| Company |
| Total |
| ||||||||||||
Operating revenues |
| $ | 657,388 |
| $ | 242,505 |
| $ | (117,135 | ) | $ | 782,758 |
| $ | 1,104,624 |
| $ | 570,420 |
| $ | 104,189 |
| $ | 1,779,233 |
| $ | 41,120 | (A) | $ | 4,877 |
| $ | — |
| $ | 2,607,988 |
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Units sold |
| 20,859 |
| 4,727 |
| (3,414 | ) | NM |
| 11,203 |
| 34,351 |
| 14,543 |
| 60,097 |
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Single-sections |
| 4,627 |
| 710 |
| (461 | ) | NM |
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Multi-sections |
| 16,232 |
| 3,434 |
| (2,953 | ) | NM |
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Pre-owned |
| NM |
| 583 |
| NM |
| NM |
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Class As |
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| 9,122 |
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Class Cs |
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| 2,081 |
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Conventional trailers |
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| 25,686 |
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Fifth-wheel trailers |
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| 8,636 |
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Truck campers |
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| 29 |
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Average selling price per unit |
| $ | 31,516 |
| $ | 51,302 |
| $ | 34,310 |
| NM |
| $ | 98,601 |
| $ | 16,606 |
| $ | 7,164 |
| NM |
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Gross profit percent |
| 22.2 | % | 19.7 | % | NM |
| 24.9 | % | 14.4 | % | 13.7 | % | 16.7 | % | 14.3 | % | 11.7 | % | NM |
| NM |
| 18.0 | % | ||||||||||||
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Operating income (loss) |
| $ | 5,440 |
| $ | (35,912 | ) | $ | 1,631 |
| $ | (28,841 | ) | $ | 57,122 |
| $ | 1,876 |
| $ | (852 | ) | $ | 58,146 |
| $ | 6,065 (B | ) | $ | (1,627 | ) | $ | 7,587 |
| $ | 41,330 |
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Operating margin |
| 0.8 | % | (14.8% | ) | (1.4% | ) | (3.7% | ) | 5.2 | % | 0.3 | % | (0.8% | ) | 3.3 | % | 14.7 | % | NM |
| NM |
| 1.6 | % | ||||||||||||
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Depreciation |
| $ | 7,366 |
| $ | 4,767 |
| $ | — |
| $ | 12,133 |
| $ | 2,656 |
| $ | 2,372 |
| $ | 1,493 |
| $ | 6,521 |
| $ | 1,595 |
| $ | 44 |
| $ | 3,481 |
| $ | 23,774 |
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Capital expenditures (est.) |
| $ | 1,062 |
| $ | 1,542 |
| $ | — |
| $ | 2,604 |
| $ | 16,859 |
| $ | 539 |
| $ | 585 |
| $ | 17,983 |
| $ | 695 |
| $ | 168 |
| $ | 6,277 |
| $ | 27,727 |
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(A) | Excludes $168.8 million of intercompany sales. |
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(B) | Includes $3.6 million gain from the sale of the drapery operation. |
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NM | Not meaningful. |
Fleetwood Enterprises, Inc.
Supplemental Operational Data
Quarter-Ended April 25, 2004
Unaudited
(Dollars in thousands)
|
| Housing Group |
| Recreational Vehicle Group |
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|
| Manufacturing |
| Retail |
| Total |
| Motor |
| Travel |
| Folding |
| Total |
| Supply |
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Number of |
| 21 |
| 129 |
| NM |
| 3 |
| 8 |
| 1 |
| 12 |
| 4 |
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Capacity |
| 55 | % | NM |
| NM |
| 97 | % | 87 | % | 59 | % | NM |
| NM |
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Number of independent distribution points |
| 1,255 |
| NM |
| NM |
| 256 |
| 560 |
| 502 |
| NM |
| NM |
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Backlogs |
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Units |
| 2,115 |
| 1,586 |
| NM |
| 2,244 |
| 1,841 |
| 203 |
| 4,288 |
| NM |
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Sales value (C) |
| $ | 64,658 |
| $ | 83,331 |
| NM |
| $ | 223,849 |
| $ | 31,452 |
| $ | 1,449 |
| $ | 256,750 |
| NM |
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Dealer inventories (units) |
|
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| 8,167 |
| 4,617 |
| 19,441 |
| 9,619 |
| NM |
| NM |
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Independent |
| 6,523 |
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| 6,523 |
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Company-owned |
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| 1,644 |
| 1,644 |
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(A) | Number of active facilities at the end of the quarter. |
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(B) | Based on the production at the end of the period. |
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(C) | The number of units in the backlog multiplied times the average selling price. |
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NM | Not meaningful. |