Dollar General 2008 Annual Report Download - page 65

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63
DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands)
Successor
Predecessor
For the year
ended
January 30, 2009
March 6, 2007
through
February 1,
2008 (a)
February 3,
2007
through
July 6, 2007
For the year
ended
February 2, 2007
Net sales
$
10,457,668
$
5,571,493
$
3,923,753
$
9,169,822
Cost of goods sold
7,396,571
3,999,599
2,852,178
6,801,617
Gross profit
3,061,097
1,571,894
1,071,575
2,368,205
Selling, general and administrative
2,448,611
1,324,508
960,930
2,119,929
Litigation settlement and related
costs, net 32,000 - - -
Transaction and related costs
-
1,242
101,397
-
Operating profit
580,486
246,144
9,248
248,276
Interest income
(3,061)
(3,799)
(5,046)
(7,002)
Interest expense
391,932
252,897
10,299
34,915
Other (income) expense
(2,788)
3,639
-
-
Income (loss) before income taxes
194,403
(6,593)
3,995
220,363
Income tax expense (benefit)
86,221
(1,775)
11,993
82,420
Net income (loss)
$
108,182
$
(4,818)
$
(7,998)
$
137,943
(a) Includes the results of operations of Buck Acquisition Corp. for the period prior to its Merger with and into
Dollar General Corporation from March 6, 2007 (its formation) through July 6, 2007 (reflecting the change in
fair value of interest rate swaps), and the post-Merger results of Dollar General Corporation for the period from
July 7, 2007 through February 1, 2008. See Notes 1 and 2.
The accompanying notes are an integral part of the consolidated financial statements.