Family Dollar 2009 Annual Report Download - page 27

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ITEM 6. SELECTED FINANCIAL DATA
SUMMARY OF SELECTED FINANCIAL DATA
Years Ended
(in thousands, except per share amounts
and store data)
August 29,
2009
August 30,
2008
September 1,
2007
August 26,
2006(1)
August 27,
2005
Net sales .............................. $7,400,606 $6,983,628 $6,834,305 $6,394,772 $5,824,808
Cost of sales and operating expenses ........ $6,943,337 $6,618,322 $6,445,672 $6,077,467 $5,485,998(2)
Income before income taxes ............... $ 450,925 $ 361,762 $ 381,896 $ 311,144 $ 342,795
Income taxes ........................... $ 159,659 $ 128,689 $ 139,042 $ 116,033 $ 125,286
Net income ............................ $ 291,266 $ 233,073 $ 242,854 $ 195,111 $ 217,509
Diluted net income per common share ....... $ 2.07 $ 1.66 $ 1.62 $ 1.26 $ 1.30
Dividends declared ...................... $ 74,012 $ 68,537 $ 66,361 $ 62,757 $ 61,538
Dividends declared per common share ....... $ 0.53 $ 0.49 $ 0.45 $ 0.41 $ 0.37
Total assets ............................ $2,842,722 $2,661,782 $2,624,156 $2,523,029 $2,409,501
Working capital ......................... $ 539,731 $ 275,106 $ 406,977 $ 432,737 $ 460,157
Long-term investment securities ............ $ 163,545 $ 222,104 $ — $ — $ —
Long-term debt ......................... $ 250,000 $ 250,000 $ 250,000 $ 250,000 $ —
Shareholders’ equity ..................... $1,440,060 $1,254,083 $1,174,641 $1,208,393 $1,428,066
Stores opened .......................... 180 205 300 350 500
Stores closed ........................... 96 64 43 75 68
Number of stores-end of year .............. 6,655 6,571 6,430 6,173 5,898
(1) Our results for fiscal 2006 include a $45.0 million (a net impact of approximately $0.18 per diluted share)
litigation charge associated with an adverse litigation judgment and cumulative charges of $10.5 million (a
net impact of approximately $0.04 per diluted share) to record non-cash stock-based compensation and
income tax related interest expense.
(2) We have reclassified this amount to conform to our current presentation. During fiscal 2006, we began
presenting interest income and interest expense separately on the Consolidated Statements of Income. In
prior years we included interest income and interest expense in selling, general and administrative expenses.
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