Dillard's 2013 Annual Report Download - page 20

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14
ITEM 6. SELECTED FINANCIAL DATA.
The selected financial data set forth below should be read in conjunction with our "Management's Discussion and
Analysis of Financial Condition and Results of Operations", our consolidated audited financial statements and notes thereto and
the other information contained elsewhere in this report.
(Dollars in thousands, except per share data) 2013 2012* 2011 2010 2009
Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,531,647 $ 6,593,169 $ 6,263,600 $ 6,120,961 $ 6,094,948
Percent change. . . . . . . . . . . . . . . . . . . . . . . (1)% 5% 2% —% (11)%
Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . 4,223,715 4,247,108 4,047,269 3,980,873 4,109,618
Percent of sales . . . . . . . . . . . . . . . . . . . . . . 64.7 % 64.4% 64.6% 65.0% 67.4 %
Interest and debt expense, net . . . . . . . . . . . . 64,505 69,596 72,059 73,792 74,003
Income (loss) before income taxes and
income on and equity in losses of joint
ventures . . . . . . . . . . . . . . . . . . . . . . . . . . . . 496,224 479,750 396,669 268,716 84,525
Income taxes (benefit) . . . . . . . . . . . . . . . . . . 173,400 145,060 (62,518) 84,450 12,690
Income on and equity in losses of joint
ventures . . . . . . . . . . . . . . . . . . . . . . . . . . . . 847 1,272 4,722 (4,646) (3,304)
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . 323,671 335,962 463,909 179,620 68,531
Net income (loss) per diluted common share 7.10 6.87 8.52 2.67 0.93
Dividends per common share. . . . . . . . . . . . . 0.22 5.20 0.19 0.16 0.16
Book value per common share. . . . . . . . . . . . 45.33 41.24 41.50 34.79 31.21
Average number of diluted shares
outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . 45,586,087 48,910,946 54,448,065 67,174,163 73,783,960
Accounts receivable. . . . . . . . . . . . . . . . . . . . 30,840 31,519 28,708 25,950 63,222
Merchandise inventories . . . . . . . . . . . . . . . . 1,345,321 1,294,581 1,304,124 1,290,147 1,300,680
Property and equipment, net . . . . . . . . . . . . . 2,134,200 2,287,015 2,440,266 2,595,514 2,780,837
Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . 4,050,739 4,048,744 4,306,137 4,374,166 4,606,327
Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . 614,785 614,785 614,785 697,246 747,587
Capital lease obligations . . . . . . . . . . . . . . . . 6,759 7,524 9,153 11,383 22,422
Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . 228,439 233,492 245,218 205,916 213,471
Deferred income taxes . . . . . . . . . . . . . . . . . . 230,248 255,652 314,598 341,689 349,722
Subordinated debentures . . . . . . . . . . . . . . . . 200,000 200,000 200,000 200,000 200,000
Total stockholders' equity . . . . . . . . . . . . . . . 1,992,197 1,970,175 2,052,019 2,086,720 2,304,103
Number of stores
Opened. . . . . . . . . . . . . . . . . . . . . . . . . . . . . ——— 2—
Closed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 243 6
Total—end of year. . . . . . . . . . . . . . . . . . . . 296 302 304 308 309
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* Fiscal 2012 contains 53 weeks.