Dillard's 2002 Annual Report Download - page 30

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Consolidated Statements of Operations
Dollars in Thousands, Except Per Share Data
Years Ended
February 1, 2003 February 2, 2002 February 3, 2001
Net Sales $7,910,996 $8,154,911 $8,566,560
Service Charges, Interest and Other Income 322,943 244,776 266,182
8,233,939 8,399,687 8,832,742
Costs and Expenses:
Cost of sales 5,254,134 5,507,702 5,802,147
Advertising, selling, administrative and general expenses 2,164,033 2,191,389 2,219,818
Depreciation and amortization 301,407 310,754 303,198
Rentals 68,101 72,783 76,043
Interest and debt expense 182,940 201,736 239,280
Asset impairment and store closing charges 52,224 3,752 51,396
Total costs and expenses 8,022,839 8,288,116 8,691,882
Income Before Income Taxes 211,100 111,571 140,860
Income Taxes 74,800 45,785 44,030
Income before extraordinary item and accounting change 136,300 65,786 96,830
Extraordinary gain (loss), net of income tax expense (benefit) of
$(2,461), $3,382 and $15,363 (4,374) 6,012 27,311
Cumulative effect of accounting change, net of tax benefit
of $0, $0 and $73,120 (530,331) — (129,991)
Net Income (Loss) $(398,405) $71,798 $(5,850)
Basic Earnings Per Common Share:
Income before extraordinary item and accounting change $1.61 $.78 $1.06
Extraordinary gain (loss) (.05) .07 .30
Cumulative effect of accounting change (6.27) — (1.42)
Net Income (Loss) $(4.71) $.85 $(.06)
Diluted Earnings Per Common Share:
Income before extraordinary item and accounting change $1.60 $.78 $1.06
Extraordinary gain (loss) (.05) .07 .30
Cumulative effect of accounting change (6.22) — (1.42)
Net Income (Loss) $(4.67) $.85 $(.06)
See notes to consolidated financial statements.
F-4