Dollar General 2011 Annual Report Download - page 195
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10-K
DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
16. Guarantor subsidiaries (Continued)
For the year ended February 3, 2012
DOLLAR
GENERAL GUARANTOR OTHER CONSOLIDATED
CORPORATION SUBSIDIARIES SUBSIDIARIES ELIMINATIONS TOTAL
STATEMENTS OF
INCOME:
Net sales ............... $338,903 $14,807,188 $ 84,940 $(423,843) $14,807,188
Cost of goods sold ........ — 10,109,278 — — 10,109,278
Gross profit ............. 338,903 4,697,910 84,940 (423,843) 4,697,910
Selling, general and
administrative expenses . . . 308,094 3,242,276 80,579 (423,843) 3,207,106
Operating profit .......... 30,809 1,455,634 4,361 — 1,490,804
Interest income .......... (39,526) (21,954) (20,924) 82,313 (91)
Interest expense .......... 246,905 40,362 37 (82,313) 204,991
Other (income) expense .... 60,615 — — — 60,615
Income (loss) before income
taxes ................ (237,185) 1,437,226 25,248 — 1,225,289
Income tax expense (benefit) (84,819) 536,194 7,229 — 458,604
Equity in subsidiaries’
earnings, net of taxes .... 919,051 — — (919,051) —
Net income ............. $766,685 $ 901,032 $ 18,019 $(919,051) $ 766,685
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
95