Dillard's 2008 Annual Report Download - page 55

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CONSOLIDATED STATEMENTS OF OPERATIONS
Years Ended
January 31,
2009
February 2,
2008
February 3,
2007
Dollars in Thousands, Except Per Share Data
Net sales .................................................. $6,830,543 $7,207,417 $7,636,056
Service charges and other income ............................... 157,897 163,389 174,011
6,988,440 7,370,806 7,810,067
Cost of sales ............................................... 4,827,769 4,786,655 5,032,351
Advertising, selling, administrative and general expenses ............ 1,932,732 2,065,288 2,096,018
Depreciation and amortization ................................. 284,287 298,927 301,147
Rentals .................................................... 61,481 59,987 55,480
Interest and debt expense, net .................................. 88,821 91,556 87,642
Gain on disposal of assets ..................................... (24,567) (12,625) (16,413)
Asset impairment and store closing charges ....................... 197,922 20,500 —
(Loss) income before income taxes and equity in earnings of joint
ventures ................................................. (380,005) 60,518 253,842
Income taxes (benefit) ........................................ (140,520) 13,010 20,580
Equity in earnings of joint ventures ............................. (1,580) 6,253 12,384
Net (loss) income ........................................... $ (241,065) $ 53,761 $ 245,646
(Loss) earnings per common share:
Basic ................................................. $ (3.25) $ 0.69 $ 3.09
Diluted ................................................ (3.25) 0.68 3.05
See notes to consolidated financial statements.
F-7