Dillard's 2010 Annual Report Download - page 49

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Consolidated Statements of Operations
Dollars in Thousands, Except Per Share Data
Years Ended
January 29, 2011 January 30, 2010 January 31, 2009
Net sales ................................. $6,120,961 $6,094,948 $6,830,543
Service charges and other income ............... 132,574 131,680 157,897
6,253,535 6,226,628 6,988,440
Cost of sales ............................... 3,976,063 4,102,892 4,827,769
Advertising, selling, administrative and general
expenses ................................ 1,625,793 1,644,091 1,932,732
Depreciation and amortization .................. 261,550 262,877 284,287
Rentals ................................... 51,045 58,363 61,481
Interest and debt expense, net .................. 73,792 74,003 88,821
Gain on disposal of assets ..................... (5,632) (3,207) (24,567)
Asset impairment and store closing charges ........ 2,208 3,084 197,922
Income (loss) before income taxes and equity in losses
of joint ventures .......................... 268,716 84,525 (380,005)
Income taxes (benefit) ........................ 84,450 12,690 (140,520)
Equity in losses of joint ventures ................ (4,646) (3,304) (1,580)
Net income (loss) ........................... $ 179,620 $ 68,531 $ (241,065)
Earnings (loss) per common share:
Basic .................................. $ 2.68 $ 0.93 $ (3.25)
Diluted ................................. 2.67 0.93 (3.25)
See notes to consolidated financial statements.
F-5