Dollar General 2005 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2005 Dollar General annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

58
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
For the year ended February 3, 2006
Dollar General Guarantor Consolidated
Corporation Subsidiaries Eliminations Total
STATEMENTS OF INCOME:
Net sales $ 162,805 $ 8,582,237 $ (162,805) $8,582,237
Cost of goods sold – 6,117,413 – 6,117,413
Gross profit 162,805 2,464,824 (162,805) 2,464,824
Selling, general and administrative 139,879 1,925,883 (162,805) 1,902,957
Operating profit 22,926 538,941 – 561,867
Interest income (31,677) (509) 23,185 (9,001)
Interest expense 20,208 29,203 (23,185) 26,226
Income before income taxes 34,395 510,247 – 544,642
Income taxes 12,852 181,635 – 194,487
Equity in subsidiaries’ earnings, net of taxes 328,612 – (328,612) –
Net income $ 350,155 $ 328,612 $ (328,612) $ 350,155
For the year ended January 28, 2005
Dollar General Guarantor Consolidated
Corporation Subsidiaries Eliminations Total
STATEMENTS OF INCOME:
Net sales $ 171,369 $ 7,660,927 $ (171,369) $ 7,660,927
Cost of goods sold – 5,397,735 – 5,397,735
Gross profit 171,369 2,263,192 (171,369) 2,263,192
Selling, general and administrative 138,111 1,739,474 (171,369) 1,706,216
Operating profit 33,258 523,718 – 556,976
Interest income (6,182) (393) – (6,575)
Interest expense 21,435 7,359 – 28,794
Income before income taxes 18,005 516,752 – 534,757
Income taxes 7,667 182,900 – 190,567
Equity in subsidiaries’ earnings, net of taxes 333,852 – (333,852) –
Net income $ 344,190 $ 333,852 $ (333,852) $ 344,190
For the year ended January 30, 2004
Dollar General Guarantor Consolidated
Corporation Subsidiaries Eliminations Total
STATEMENTS OF INCOME:
Net sales $ 169,467 $ 6,871,992 $ (169,467) $ 6,871,992
Cost of goods sold – 4,853,863 – 4,853,863
Gross profit 169,467 2,018,129 (169,467) 2,018,129
Selling, general and administrative 132,445 1,537,125 (169,467) 1,500,103
Penalty expense 10,000 – – 10,000
Operating profit 27,022 481,004 – 508,026
Interest income (3,720) (383) – (4,103)
Interest expense 25,336 10,270 – 35,606
Income before income taxes 5,406 471,117 – 476,523
Income taxes 6,560 170,961 – 177,521
Equity in subsidiaries’ earnings, net of taxes 300,156 – (300,156) –
Net income $ 299,002 $ 300,156 $ (300,156) $ 299,002