Nu Skin 2010 Annual Report - Direct Selling News

More documents

Recommendations

Info

35,676 32,939 30,588 30,002 2007 2008 2009 2010 Executive Distributor Growth 2
ELEVATE With three consecutive years of record breaking revenue we’re climbing to greater heights in virtually every aspect of our business with our sights keenly focused on reaching our goal of becoming the world’s leading direct selling company. Even as many areas within the global economy continued to struggle to regain their footing, we continued to elevate our performance in 2010. As we anticipated, we met or exceeded virtually all of our operational targets, which led to exceptional annual results: • Generated $1.54 billion in revenue, a 15 percent improvement over the prior year; • Improved our operating margin by 300 basis points, or 220 basis points excluding restructuring in the prior year to 14.1 percent of revenue; • Generated earnings per share of $2.11 compared to $1.40 or $1.51 excluding restructuring in the prior year; • Increased the number of executive distributors by 8 percent; • Posted our first ever $400 million revenue quarter in the fourth quarter of 2010; • Improved our cash position by $72 million to $230 million while paying $37 million in debt and repurchasing $59 million of company stock; • Increased dividend distributions for the enviable tenth consecutive year, paying more than $30 million in dividends, the equivalent of $0.50 per share. 3
Page 1: NU SKIN ANNUAL REPORT 2010 ELEVATE
Page 6 and 7: BUILDING FOR THE FUTURE In 2011, we
Page 8 and 9: $163M AGELOC GALVANIC SPA AND GELS
Page 10 and 11: 8 8
Page 12 and 13: 5 INCREASING OPERATIONAL EFFICIENCI
Page 14 and 15: * GAAP RECONCILATION TABLE 2007 200
Page 17 and 18: Can we sustain growth? Yes we can.
Page 19 and 20: UNITED STATES SECURITIES AND EXCHAN
Page 21 and 22: TABLE OF CONTENTS PART I 1 ITEM 1 B
Page 23 and 24: PART I ITEM 1. BUSINESS OVERVIEW We
Page 25 and 26: The following table summarizes our
Page 27 and 28: Other. We also offer a limited numb
Page 29 and 30: introduction of additional ageLOC a
Page 31 and 32: ness model utilizing sales employee
Page 33 and 34: in a manner to attract the general
Page 35 and 36: take longer than we anticipated. Pl
Page 37 and 38: chases, management services and con
Page 39 and 40: These declines could continue or in
Page 41 and 42: ous markets, including Japan, South
Page 43 and 44: creased scrutiny by the government.
Page 45 and 46: pact the cost associated with manuf
Page 47 and 48: on a sustained basis. Factors that
Page 49 and 50: negotiated contracts with shipping
Page 51 and 52: System failures could harm our busi
Page 53 and 54: consumption taxes based on an audit
Page 55 and 56:
STOCK PERFORMANCE GRAPH Set forth b
Page 57 and 58:
ITEM 7. MANAGEMENT’S DISCUSSION A
Page 59 and 60:
estrictions on the importation of f
Page 61 and 62:
RESULTS OF OPERATIONS The following
Page 63 and 64:
South Asia/Pacific. The following t
Page 65 and 66:
employees in Mainland China who had
Page 67 and 68:
We currently have debt pursuant to
Page 69 and 70:
the legal form of the transaction.
Page 71 and 72:
closures related to vendor’s mult
Page 73 and 74:
NU SKIN ENTERPRISES, INC. Consolida
Page 75 and 76:
NU SKIN ENTERPRISES, INC. Consolida
Page 77 and 78:
NU SKIN ENTERPRISES, INC. Notes to
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Report of Independent Registered Pu
Page 101 and 102:
PART III The information required b
Page 103 and 104:
corporated by reference to Exhibit
Page 105 and 106:
*10.56 Form of 2010 Plan Director S
Page 107 and 108:
BOARD OF DIRECTORS Blake M. Roney E
Page 109:
18 NU SKIN ENTERPRISES, INC. 75 WES
show all

Nu Skin 2010 Annual Report - Direct Selling News

Create successful ePaper yourself

Delete template?

Save as template?