barnes & noble inc 122 fifth avenue new york ny 10011 2002 annual report t able of contents 2 letter to our shareholders 4 consolidated financial highlights 5 selected data 9 management s discussion and analysis condition results operations 24 statements 25 balance sheets 26 changes in equity 27 cash flows 28 notes 51 independent certified public accountants 52 shareholder information reportbarnes dear fiscal was not a particularly good year for the economy or retail sector entire book industry including experienced effects slowdown consumer spending second straight we ve seen softness with no end sight as go press this conflict iraq has already taken its toll on first quarter 2003 brighter side continued lead sales operating profit flow more importantly posted 48
