Dollar Tree 2008 Annual Report Download - page 30

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28
DOLLAR TREE, INC. • 2008 ANNUAL REPORT
Consolidated Statements of Operations
Year Ended Year Ended Year Ended
January 31, February 2, February 3,
(in millions, except per share data) 2009 2008 2007
Net sales $4,644.9 $4,242.6 $3,969.4
Cost of sales (Note 4) 3,052.7 2,781.5 2,612.2
Gross profit 1,592.2 1,461.1 1,357.2
Selling, general and administrative expenses (Notes 4, 8 and 9) 1,226.4 1,130.8 1,046.4
Operating income 365.8 330.3 310.8
Interest income 2.6 6.7 8.6
Interest expense (Notes 5 and 6) (9.3) (17.2) (16.5)
Income before income taxes 359.1 319.8 302.9
Provision for income taxes (Note 3) 129.6 118.5 110.9
Net income $229.5 $ 201.3 $ 192.0
Basic net income per share (Note 7) $ 2.54 $ 2.10 $ 1.86
Diluted net income per share (Note 7) $ 2.53 $ 2.09 $ 1.85
See accompanying Notes to Consolidated Financial Statements.