Dollar General 2010 Annual Report Download - page 173
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10-K
DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
15. Guarantor subsidiaries (Continued)
For the year ended January 28, 2011
DOLLAR
GENERAL GUARANTOR OTHER CONSOLIDATED
CORPORATION SUBSIDIARIES SUBSIDIARIES ELIMINATIONS TOTAL
STATEMENTS OF INCOME:
Net sales ............... $311,280 $13,035,000 $ 84,878 $(396,158) $13,035,000
Cost of goods sold ........ — 8,858,444 — — 8,858,444
Gross profit ............. 311,280 4,176,556 84,878 (396,158) 4,176,556
Selling, general and
administrative expenses . . . 283,069 2,948,346 67,234 (396,158) 2,902,491
Operating profit .......... 28,211 1,228,210 17,644 — 1,274,065
Interest income .......... (44,677) (7,025) (19,986) 71,468 (220)
Interest expense .......... 300,934 44,723 23 (71,468) 274,212
Other (income) expense . . . . 15,101 — — — 15,101
Income (loss) before income
taxes ................ (243,147) 1,190,512 37,607 — 984,972
Income tax expense (benefit) . (102,448) 447,881 11,682 — 357,115
Equity in subsidiaries’
earnings, net of taxes ..... 768,556 — — (768,556) —
Net income ............. $627,857 $ 742,631 $ 25,925 $(768,556) $ 627,857
For the year ended January 29, 2010
DOLLAR
GENERAL GUARANTOR OTHER CONSOLIDATED
CORPORATION SUBSIDIARIES SUBSIDIARIES ELIMINATIONS TOTAL
STATEMENTS OF INCOME:
Net sales ............... $306,036 $11,796,380 $ 91,265 $(397,301) $11,796,380
Cost of goods sold ........ — 8,106,509 — — 8,106,509
Gross profit ............. 306,036 3,689,871 91,265 (397,301) 3,689,871
Selling, general and
administrative expenses . . . 337,224 2,734,793 61,897 (397,301) 2,736,613
Operating profit (loss) ..... (31,188) 955,078 29,368 — 953,258
Interest income .......... (52,047) (10,968) (19,674) 82,545 (144)
Interest expense .......... 375,280 52,980 29 (82,545) 345,744
Other (income) expense . . . . 55,542 — — — 55,542
Income (loss) before income
taxes ................ (409,963) 913,066 49,013 — 552,116
Income tax expense (benefit) . (149,478) 346,117 16,035 — 212,674
Equity in subsidiaries’
earnings, net of taxes ..... 599,927 — — (599,927) —
Net income ............. $339,442 $ 566,949 $ 32,978 $(599,927) $ 339,442
95