Family Dollar 2009 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2009 Family Dollar annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 76

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

FAMILY DOLLAR STORES, INC., AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
Years Ended
(in thousands, except per share amounts) August 29, 2009 August 30, 2008 September 1, 2007
Net sales ........................................... $7,400,606 $6,983,628 $6,834,305
Cost and expenses:
Cost of sales .................................... 4,822,401 4,637,826 4,512,242
Selling, general and administrative .................. 2,120,936 1,980,496 1,933,430
Cost of sales and operating expenses ..................... 6,943,337 6,618,322 6,445,672
Operating profit ..................................... 457,269 365,306 388,633
Interest income ...................................... 6,595 11,042 10,690
Interest expense ..................................... 12,939 14,586 17,427
Income before income taxes ............................ 450,925 361,762 381,896
Income taxes ........................................ 159,659 128,689 139,042
Net income ......................................... $ 291,266 $ 233,073 $ 242,854
Net income per common share—basic .................... $ 2.08 $ 1.66 $ 1.63
Weighted average shares—basic .................... 139,894 140,193 149,141
Net income per common share—diluted .................. $ 2.07 $ 1.66 $ 1.62
Weighted average shares—diluted ................... 140,522 140,494 149,599
The accompanying notes are an integral part of the consolidated financial statements.
34