Dollar General 2014 Annual Report Download - page 124
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10-K
DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
For the Year Ended
January 30, January 31, February 1,
2015 2014 2013
Net sales ...................................... $18,909,588 $17,504,167 $16,022,128
Cost of goods sold ............................... 13,107,081 12,068,425 10,936,727
Gross profit .................................... 5,802,507 5,435,742 5,085,401
Selling, general and administrative expenses ............. 4,033,414 3,699,557 3,430,125
Operating profit ................................. 1,769,093 1,736,185 1,655,276
Interest expense ................................. 88,232 88,984 127,926
Other (income) expense ........................... — 18,871 29,956
Income before income taxes ........................ 1,680,861 1,628,330 1,497,394
Income tax expense .............................. 615,516 603,214 544,732
Net income .................................... $ 1,065,345 $ 1,025,116 $ 952,662
Earnings per share:
Basic ....................................... $ 3.50 $ 3.17 $ 2.87
Diluted ...................................... $ 3.49 $ 3.17 $ 2.85
Weighted average shares outstanding:
Basic ....................................... 304,633 322,886 332,254
Diluted ...................................... 305,681 323,854 334,469
The accompanying notes are an integral part of the consolidated financial statements.
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