Dollar General 2015 Annual Report Download - page 96

10-K
included in Part II, Item 7 of this report. Certain financial disclosures relating to prior periods have
been reclassified to conform to the current year presentation.
Year Ended
(Amounts in millions, excluding per share data, January 29, January 30, January 31, February 1, February 3,
number of stores, selling square feet, and net sales 2016 2015 2014 2013 2012(1)
per square foot)
Statement of Income Data:
Net sales ......................... $20,368.6 $18,909.6 $17,504.2 $16,022.1 $14,807.2
Cost of goods sold .................. 14,062.5 13,107.1 12,068.4 10,936.7 10,109.3
Gross profit ....................... 6,306.1 5,802.5 5,435.7 5,085.4 4,697.9
Selling, general and administrative expenses 4,365.8 4,033.4 3,699.6 3,430.1 3,207.1
Operating profit .................... 1,940.3 1,769.1 1,736.2 1,655.3 1,490.8
Interest expense .................... 86.9 88.2 89.0 127.9 204.9
Other (income) expense .............. 0.3 — 18.9 30.0 60.6
Income before income taxes ........... 1,853.0 1,680.9 1,628.3 1,497.4 1,225.3
Income tax expense .................. 687.9 615.5 603.2 544.7 458.6
Net income ....................... $ 1,165.1 $ 1,065.3 $ 1,025.1 $ 952.7 $ 766.7
Earnings per share—basic ............. $ 3.96 $ 3.50 $ 3.17 $ 2.87 $ 2.25
Earnings per share—diluted ............ 3.95 3.49 3.17 2.85 2.22
Dividends per share ................. 0.88 — — — —
Statement of Cash Flows Data:
Net cash provided by (used in):
Operating activities ................ $ 1,378.0 $ 1,314.7 $ 1,213.1 $ 1,131.4 $ 1,050.5
Investing activities ................. (503.4) (371.7) (250.0) (569.8) (513.8)
Financing activities ................ (1,296.5) (868.8) (598.3) (546.8) (908.0)
Total capital expenditures ............. (504.8) (374.0) (538.4) (571.6) (514.9)
Other Financial and Operating Data:
Same store sales growth(2) ............ 2.8% 2.8% 3.3% 4.7% 6.0%
Same store sales(2) .................. $19,254.3 $17,818.7 $16,365.5 $14,992.7 $13,626.7
Number of stores included in same store
sales calculation ................... 11,706 11,052 10,387 9,783 9,254
Number of stores (at period end) ........ 12,483 11,789 11,132 10,506 9,937
Selling square feet (in thousands at period
end) ........................... 92,477 87,205 82,012 76,909 71,774
Net sales per square foot(3) ........... $ 226 $ 223 $ 220 $ 216 $ 213
Consumables sales .................. 75.9% 75.7% 75.2% 73.9% 73.2%
Seasonal sales ...................... 12.4% 12.4% 12.9% 13.6% 13.8%
Home products sales ................. 6.3% 6.4% 6.4% 6.6% 6.8%
Apparel sales ...................... 5.4% 5.5% 5.5% 5.9% 6.2%
Rent expense ...................... $ 856.9 $ 785.2 $ 686.9 $ 614.3 $ 542.3
Balance Sheet Data (at period end):
Cash and cash equivalents and short-term
investments ...................... $ 157.9 $ 579.8 $ 505.6 $ 140.8 $ 126.1
Total assets ........................ 11,251.0 11,208.6 10,848.2 10,340.8 9,663.6
Long-term debt(4) .................. 2,970.6 2,725.1 2,799.5 2,745.3 2,593.6
Total shareholders’ equity ............. 5,377.9 5,710.0 5,402.2 4,985.3 4,674.6
(1) The fiscal year ended February 3, 2012 was comprised of 53 weeks.
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