5-YEAR FINANCIAL SUMMARY

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In thousands, except per share amounts 2013 2012 2011 2010 2009
Summary of Operations1
Total revenues $11,419,648 $10,879,855 $9,459,232 $7,702,589 $7,220,286
Operating income 1,647,147 1,465,267 1,244,791 820,860 736,817
Net income attributable to VF Corporation 1,210,119 1,085,999 888,089 571,362 461,271
Earnings (loss) per common share attributable to VF Corporation common stockholders — basic 2.76 2.47 2.03 1.13 1.04
Earnings (loss) per common share attributable to VF Corporation common stockholders — diluted 2.71 2.43 2.00 1.29 1.03
Dividends per share 0.9150 0.7575 0.6525 0.6075 0.5925
Dividend payout ration2,7 33.8% 31.2% 32.7% 37.6% 46.0%
Financial Position
Working capital $2,314,981 $1,717,317 $1,521,912 $1,716,585 $1,536,773
Current ratio 2.5 2.0 1.9 2.5 2.4
Total assets $10,315,443 $9,633,021 $9,313,126 $6,457,556 $6,473,863
Long-term debt 1,426,829 1,429,166 1,831,781 935,882 938,494
Stockholders' equity 6,077,038 5,125,625 4,525,175 3,861,319 3,813,285
Debt to total capital ratio3 19.3% 16.5% 31.9% 20.2% 23.7%
Weighted average common shares outstanding 438,657 439,292 437,148 435,056 441,556
Book value per common share $13.80 $11.63 $10.23 $8.94 $8.64
Othere Statistics4
Operating margins7 14.4% 13.5% 13.2% 13.3% 11.9%
Return on investment capital5,6,7 17.6% 16.2% 15.8% 15.6% 12.6%
Return on average stockholders' equity6,7 23.7% 24.7% 22.0% 20.1% 17.2%
Return on average total assets6,7 12.8% 11.9% 11.9% 11.8% 9.6%
Cash provided by operations $1,506,041 $1,275,000 $1,081,371 $1,001,282 $973,485
Cash dividends paid 402,136 333,229 285,722 264,281 261,682

1Operating results for 2010 include a noncash charge for impairment of goodwill and intangible assets — $201.7 million (pretax) in operating income and $141.8 million (after tax) in net income attributable to VF Corporation, $0.33 basic earnings per share and $0.32 diluted earnings per share. Operating results for 2009 include a noncash charge for impairment of goodwill and intangible assets — $122.0 million (pretax) in operating income and $144.4 million (after tax) in net income attributable to VF Corporation, $0.26 basic and diluted earnings per share.

2Dividends per share divided by earnings per diluted share (excluding the charges for impairment of goodwill and intangible assets in 2010 and 2009).

3Total capital is defined as stockholders' equity plus short-term and long-term debt.

4Operating statistics excluded the charges for impairment of goodwill and intangible assets in 2010 and 2009.

5Invested capital is defined as average stockholder's equity plus average short-term and long-term debt.

6Return is defined as net income attributable to VF Corporation plus total interest income/expense, net of taxes.

7Information presented for 2010 and 2009 excludes the impairment charges for goodwill and intangible assets as discussed in (1) above.

8The Timberland® Company was purchased on September 13, 2011, and its results have been included since the date of acquisition.