Family Dollar 2010 Annual Report Download - page 25

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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 28,
2010
August 29,
2009
August 30,
2008
September 1,
2007
August 26,
2006(2)
Net sales ............................ $7,866,971 $7,400,606 $6,983,628 $6,834,305 $6,394,772
Cost of sales and operating expenses ...... $7,291,373 $6,943,337 $6,618,322 $6,445,672 $6,077,467
Income before income taxes ............. $ 563,858 $ 450,925 $ 361,762 $ 381,896 $ 311,144
Income taxes ......................... $ 205,723 $ 159,659 $ 128,689 $ 139,042 $ 116,033
Net income .......................... $ 358,135 $ 291,266 $ 233,073 $ 242,854 $ 195,111
Diluted net income per common share ..... $ 2.62 $ 2.07 $ 1.66 $ 1.62 $ 1.26
Dividends declared .................... $ 80,394 $ 74,012 $ 68,537 $ 66,361 $ 62,757
Dividends declared per common share ..... $ 0.60 $ 0.53 $ 0.49 $ 0.45 $ 0.41
Total assets(1) ......................... $2,982,057 $2,877,802 $2,703,846 $2,657,979 $2,508,963
Working capital(1) ..................... $ 605,721 $ 686,723 $ 421,397 $ 558,140 $ 523,086
Long-term investment securities .......... $ 147,108 $ 163,545 $ 222,104 $ — $ —
Long-term debt ....................... $ 250,000 $ 250,000 $ 250,000 $ 250,000 $ 250,000
Shareholders’ equity ................... $1,421,554 $1,440,060 $1,254,083 $1,174,641 $1,208,393
Stores opened ........................ 200 180 205 300 350
Stores closed ......................... 70 96 64 43 75
Number of stores—end of year ........... 6,785 6,655 6,571 6,430 6,173
(1) The prior year amounts have been adjusted to conform to the current year presentation. See Note 1 to the
Consolidated Financial Statements included in this Report for more information on the adjustments.
(2) 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.
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