Dollar General 2004 Annual Report Download - page 46

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44
Notes to Consolidated Financial Statements (continued)
The following is a summary of the line items impacted by the Restatement for the 2003 Consolidated Balance Sheet and
the 2003 and 2002 Consolidated Statements of Income and Shareholders’ Equity (in thousands, except per share data):
January 30, 2004
As Previously
Reported Adjustments Restated
Net property and equipment $ 989,224 $(31,592) $ 957,632
Accrued expenses and other 297,616 5,540 303,156
Deferred income tax liability (long-term) 66,650 (14,511) 52,139
Retained earnings 1,037,409 (22,621) 1,014,788
Total shareholders’ equity 1,576,920 (22,621) 1,554,299
Total liabilities and shareholders’ equity 2,652,709 (31,592) 2,621,117
January 31, 2003
As Previously
Reported Adjustments Restated
Total shareholders’ equity $1,288,068 $(20,623) $1,267,445
February 1, 2002
As Previously
Reported Adjustments Restated
Total shareholders’ equity $1,041,718 $(18,028) $1,023,690
For the Year Ended January 30, 2004
As Previously
Reported Adjustments Restated
Selling, general and administrative $1,496,866 $ 3,237 $1,500,103
Operating profit 511,263 (3,237) 508,026
Income before income taxes 479,760 (3,237) 476,523
Income taxes 178,760 (1,239) 177,521
Net income 301,000 (1,998) 299,002
Diluted earnings per share 0.89 — 0.89
For the Year Ended January 31, 2003
As Previously
Reported Adjustments Restated
Selling, general and administrative $1,296,542 $ 4,289 $1,300,831
Operating profit 457,265 (4,289) 452,976
Income before income taxes 414,626 (4,289) 410,337
Income taxes 149,680 (1,694) 147,986
Net income 264,946 (2,595) 262,351
Diluted earnings per share 0.79 — 0.78