Dillard's 2009 Annual Report Download - page 50

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CONSOLIDATED STATEMENTS OF OPERATIONS
Years Ended
January 30, January 31, February 2,
2010 2009 2008
Dollars in Thousands, Except Per Share Data
Net sales ......................................... $6,094,948 $6,830,543 $7,207,417
Service charges and other income ....................... 131,680 157,897 163,389
6,226,628 6,988,440 7,370,806
Cost of sales ...................................... 4,102,892 4,827,769 4,786,655
Advertising, selling, administrative and general expenses ...... 1,644,091 1,932,732 2,065,288
Depreciation and amortization ......................... 262,877 284,287 298,927
Rentals .......................................... 58,363 61,481 59,987
Interest and debt expense, net ......................... 74,003 88,821 91,556
Gain on disposal of assets ............................ (3,207) (24,567) (12,625)
Asset impairment and store closing charges ................ 3,084 197,922 20,500
Income (loss) before income taxes and equity in (losses)
earnings of joint ventures ........................... 84,525 (380,005) 60,518
Income taxes (benefit) ............................... 12,690 (140,520) 13,010
Equity in (losses) earnings of joint ventures ................ (3,304) (1,580) 6,253
Net income (loss) .................................. $ 68,531 $ (241,065) $ 53,761
Earnings (loss) per common share:
Basic .......................................... $ 0.93 $ (3.25) $ 0.69
Diluted ........................................ 0.93 (3.25) 0.68
See notes to consolidated financial statements.
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