# LCMS Convention Workbook_St. Louis Missouri_2007_S56
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

36 SYNOD REPORTS

tion tool. From the CPH Web site, users can chat on message
boards, find answers to questions, and download samples and
bonus materials as well as full products—such as complete Bible
studies or other instructional materials.

CPH’s Financial Highlights

Revenue during 2004-2006 has grown over 13 percent. This
increase is primarily due to the acquisition of our Fort Wayne Semi-
nary Bookstore and the sales of both our new Sunday School curricu-
lum, Growing in Christ, and the new hymnal, Lutheran Service Book.

CPH has designated funds for investments in future projects,
such as development costs related to the new Lutheran Study Bible,
the extension of Luther’s Works, more Concordia Curriculum
Guides, translation of John Gerhard’s Theological Commonplaces
from Latin into English, and future quarters of Growing in Christ.

CPH Gives Back

CPH has been blessed with the ability to share a portion of its
net income with The Lutheran Church—Missouri Synod, both
directly and on the local level. CPH gave the Synod more than
$1 million during the last triennium. Additionally, in 2006, we dis-
tributed more than $700,000 directly to LCMS congregations and
schools in the form of $100 vouchers sent to each congregation and
school. Our customers’ trust in and use of our products has allowed
CPH to turn around and support the nurturing and outreach efforts
of the LCMS and its churches and schools in a tangible way.

CPH Looks to the Future

Blessed with a solid financial position, CPH will continue, with
the help of God, to faithfully serve The Lutheran Church—
Missouri Synod. By embracing emerging technologies while stay-
ing true to our Lutheran heritage, CPH will continue to give voice
to the Gospel message of Christ through creative, practical, and
relevant products and services for churches, schools, and homes.

Robert M. Knox, Chairman
Bruce G. Kintz, President
and Chief Executive Officer

2007 Convention Workbook

CONCORDIA PUBLISHING HOUSE

STATEMENTS OF INCOME AND RETAINED EARNINGS

Revenue

Cost of Goods Sold

Groes Margin

General and Administrative Expenses
Total Operating Income

Other Income
Net Income

Retained Eamings, Beginning
Distributions to LCMS Synod
Retained Eamings, Ending

Years Ended December 31
——2005__

2006
$ 46,440,420 $ 43,115,372 $ 41,288,477
19,597,132 16,642,281 18,180,810
26,843,288 24,473,001 23,106,567
24,161,153 22,192,558 21,002,763
2,682,135. 2,280,533 2,105 804
1,964,208 1,003,425 1,010,634
4,848,343 3,373,058 3,116,638
35,617,933 32,543,247 29,679,608

(487 000) (299,272) (253,000)

39,797,276 335,817,933 32,543,247

CONCORDIA PUBLISHING HOUSE

STATEMENTS OF FINANCIAL POSITION

Currant Assets

Cash and Investments
Board Designated
Restricted
Unrestricted

Accounts receivable (net)

inventories (net)

Prepaid expenses:
Total Current Aseets

Other Assets
Property end equipment (net)
Production costs
Deferred costs
Total Other Assets

Total Assets

Liebulties and Retained Eamings
Current Liabilities
Accounts payable
Accrued compensation and related taxes
Other accrued expenses
Unexpired subscriptions
Current partion of postretirement benefit obligations
Distributions payeble to the Synod
Deferred revenue
Total Current Liabitties
Deferred reatricted project funds
Postretrement benefit obligations
Total Long-Term Liebilities

Total Liabilities

Retained Eamings
Total Liabilities end Retained Eaminge

Years Ended December 31

2006 2004
s 21,420,769 $ 19,950,689 s 14,202,300
1,257,580 1,232,019 4,201,478
4,954,451 2,148,119 4,348,004
3,134,782 2,878,724 2,618,662
11,977,739 10,969,534 9,855,803
1,190,188 1,146,734 694,924
43,935,519 38,125,811 33,920,171
5,748,056 5,796,607 8,885,991
1,055,586 743,763 461,600
846,010 832,960 897,238
7,647,652 7,373,330 8,244,829
$s 51,563,174 $ 45,409,141 3 41,368,000
s 3,929,961 s 2,688,936 $$ 2,514,495,
1,741,268 1,692,538 1,570,364
1,625,132 1,405,393 531,650
1,317,302 1,053,306 968,480
54,536 57,384 81,922
487,000 209.272 253,000
180,625 196,882 269,890
9,315,824 7,395,722 6,220.601
2,103,590 2,064,976 2,098,716
366,481 420,508 434.436
2,470,071 2,485,486 2,593,152
11,785,695, 9,881,208 8,822,753
39,797,276 35,617,933 32,543,247

$ 51,563,171 3 45,499,141 $ 41,366,000