Dollar General 2014 Annual Report Download - page 101

10-K
and the Management’s Discussion and Analysis of Financial Condition and Results of Operations
included in Part II, Item 7 of this report.
Year Ended
(Amounts in millions, excluding per share data, January 30, January 31, February 1, February 3, January 28,
number of stores, selling square feet, and net sales 2015 2014 2013 2012(1) 2011
per square foot)
Statement of Operations Data:
Net sales ......................... $18,909.6 $17,504.2 $16,022.1 $14,807.2 $13,035.0
Cost of goods sold .................. 13,107.1 12,068.4 10,936.7 10,109.3 8,858.4
Gross profit ....................... 5,802.5 5,435.7 5,085.4 4,697.9 4,176.6
Selling, general and administrative expenses 4,033.4 3,699.6 3,430.1 3,207.1 2,902.5
Operating profit .................... 1,769.1 1,736.2 1,655.3 1,490.8 1,274.1
Interest expense .................... 88.2 89.0 127.9 204.9 274.0
Other (income) expense .............. — 18.9 30.0 60.6 15.1
Income before income taxes ........... 1,680.9 1,628.3 1,497.4 1,225.3 985.0
Income tax expense .................. 615.5 603.2 544.7 458.6 357.1
Net income ....................... $ 1,065.3 $ 1,025.1 $ 952.7 $ 766.7 $ 627.9
Earnings per share—basic ............. $ 3.50 $ 3.17 $ 2.87 $ 2.25 $ 1.84
Earnings per share—diluted ............ 3.49 3.17 2.85 2.22 1.82
Dividends per share ................. — — — — —
Statement of Cash Flows Data:
Net cash provided by (used in):
Operating activities ................ $ 1,314.7 $ 1,213.1 $ 1,131.4 $ 1,050.5 $ 824.7
Investing activities ................. (371.7) (250.0) (569.8) (513.8) (418.9)
Financing activities ................ (868.8) (598.3) (546.8) (908.0) (130.4)
Total capital expenditures ............. (374.0) (538.4) (571.6) (514.9) (420.4)
Other Financial and Operating Data:
Same store sales growth(2) ............ 2.8% 3.3% 4.7% 6.0% 4.9%
Same store sales(2) .................. $17,818.7 $16,365.5 $14,992.7 $13,626.7 $12,227.1
Number of stores included in same store
sales calculation ................... 11,052 10,387 9,783 9,254 8,712
Number of stores (at period end) ........ 11,789 11,132 10,506 9,937 9,372
Selling square feet (in thousands at period
end) ........................... 87,205 82,012 76,909 71,774 67,094
Net sales per square foot(3) ........... $ 223 $ 220 $ 216 $ 213 $ 201
Consumables sales .................. 75.7% 75.2% 73.9% 73.2% 71.6%
Seasonal sales ...................... 12.4% 12.9% 13.6% 13.8% 14.5%
Home products sales ................. 6.4% 6.4% 6.6% 6.8% 7.0%
Apparel sales ...................... 5.5% 5.5% 5.9% 6.2% 6.9%
Rent expense ...................... $ 785.2 $ 686.9 $ 614.3 $ 542.3 $ 489.3
Balance Sheet Data (at period end):
Cash and cash equivalents and short-term
investments ...................... $ 579.8 $ 505.6 $ 140.8 $ 126.1 $ 497.4
Total assets ........................ 11,224.1 10,867.5 10,367.7 9,688.5 9,546.2
Long-term debt ..................... 2,740.6 2,818.8 2,772.2 2,618.5 3,288.2
Total shareholders’ equity ............. 5,710.0 5,402.2 4,985.3 4,674.6 4,063.6
(1) The fiscal year ended February 3, 2012 was comprised of 53 weeks.
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