Dollar General 2006 Annual Report Download - page 49

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CONSOLIDATED STATEMENTS OF INCOME
(In thousands except per share amounts)
For the years ended
February 2,
2007
February 3,
2006
January 28,
2005
(52 weeks) (53 weeks) (52 weeks)
Net sales $ 9,169,822 $ 8,582,237 $ 7,660,927
Cost of goods sold 6,801,617 6,117,413 5,397,735
Gross profit 2,368,205 2,464,824 2,263,192
Selling, general and administrative 2,119,929 1,902,957 1,706,216
Operating profit 248,276 561,867 556,976
Interest income (7,002) (9,001) (6,575)
Interest expense 34,915 26,226 28,794
Income before income taxes 220,363 544,642 534,757
Income taxes 82,420 194,487 190,567
Net income $ 137,943 $ 350,155 $ 344,190
Earnings per share:
Basic $ 0.44 $ 1.09 $ 1.04
Diluted $ 0.44 $ 1.08 $ 1.04
Weighted average shares:
Basic 312,556 321,835 329,376
Diluted 313,510 324,133 332,068
The accompanying notes are an integral part of the consolidated financial statements.
47