DSW 2013 Annual Report Download - page 44
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Table of Contents
Net sales $2,368,668
$2,257,778
$ 2,024,329
Cost of sales (1,629,381)
(1,533,058)
(1,370,382)
Operating expenses (497,899)
(481,797)
(448,583)
Change in fair value of derivative instruments —
(6,121)
(53,914)
Operating profit 241,388
236,802
151,450
Interest expense (598)
(894)
(11,804)
Interest income 3,217
4,705
2,623
Interest income (expense), net 2,619
3,811
(9,181)
Income from continuing operations before income taxes 244,007
240,613
142,269
Income tax (provision) benefit (92,705)
(95,427)
58,069
Income from continuing operations 151,302
145,186
200,338
Income from discontinued operations, net of tax - Value City Department
Stores —
—
183
Income (loss) from discontinued operations, net of tax - Filene's Basement —
1,253
(5,038)
Total income (loss) from discontinued operations, net of tax —
1,253
(4,855)
Net income 151,302
146,439
195,483
Less: net income attributable to noncontrolling interests —
—
(20,695)
Net income, net of noncontrolling interests $ 151,302
$ 146,439
$ 174,788
Basic and diluted earnings (loss) per share:
Basic earnings per share from continuing operations, net of noncontrolling
interests $1.67
$ 1.63
$2.55
Diluted earnings per share from continuing operations, net of noncontrolling
interests $1.65
$ 1.60
$2.34
Basic earnings (loss) per share from discontinued operations —
$0.01
$(0.07)
Diluted earnings (loss) per share from discontinued operations —
$0.01
$(0.07)
Basic earnings per share, net of noncontrolling interests $1.67
$1.65
$2.48
Diluted earnings per share, net of noncontrolling interests $1.65
$1.62
$ 2.27
Shares used in per share calculations:
Basic shares 90,472
88,846
70,440
Diluted shares 91,901
90,606
74,276
Income from continuing operations, net of tax and noncontrolling interests:
Income from continuing operations, net of tax and noncontrolling interests $ 151,302
$145,186
$179,643
Income (loss) from discontinued operations, net of tax —
1,253
(4,855)
Net income, net of noncontrolling interests $ 151,302
$ 146,439
$ 174,788
The accompanying Notes are an integral part of the Consolidated Financial Statements.
F- 2
Source: DSW Inc., 10-K, March 27, 2014 Powered by Morningstar® Document Research℠
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