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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 29, January 30, January 31,
2016 2015 2014
Net sales ...................................... $20,368,562 $18,909,588 $17,504,167
Cost of goods sold ............................... 14,062,471 13,107,081 12,068,425
Gross profit .................................... 6,306,091 5,802,507 5,435,742
Selling, general and administrative expenses ............. 4,365,797 4,033,414 3,699,557
Operating profit ................................. 1,940,294 1,769,093 1,736,185
Interest expense ................................. 86,944 88,232 88,984
Other (income) expense ........................... 326 18,871
Income before income taxes ........................ 1,853,024 1,680,861 1,628,330
Income tax expense .............................. 687,944 615,516 603,214
Net income .................................... $ 1,165,080 $ 1,065,345 $ 1,025,116
Earnings per share:
Basic ....................................... $ 3.96 $ 3.50 $ 3.17
Diluted ...................................... $ 3.95 $ 3.49 $ 3.17
Weighted average shares outstanding:
Basic ....................................... 294,330 304,633 322,886
Diluted ...................................... 295,211 305,681 323,854
Dividends per share .............................. $ 0.88 $ — $
The accompanying notes are an integral part of the consolidated financial statements.
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