Kohl's 2015 Annual Report Download - page 43

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Table of Contents



Net sales  
$ 19,023
$ 19,031
Cost of merchandise sold 
12,098
12,087
Gross margin 
6,925
6,944
Operating expenses:
Selling, general and administrative 
4,350
4,313
Depreciation and amortization
886
889
Operating income 
1,689
1,742
Interest expense, net
340
338
Loss on extinguishment of debt
—
—
Income before income taxes 
1,349
1,404
Provision for income taxes
482
515
Net income  
$ 867
$ 889
Net income per share:
Basic  
$ 4.28
$ 4.08
Diluted  
$ 4.24
$ 4.05
Dividends declared and paid per share  
$ 1.56
$ 1.40
See accompanying Notes to Consolidated Financial Statements



Net income  
$ 867
$ 889
Other comprehensive income, net of tax:
Reclassification adjustment for interest expense on interest rate
derivatives included in net income
3
3
Unrealized gains on investments
11
8
Other comprehensive income
14
11
Comprehensive income  
$ 881
$ 900
See accompanying Notes to Consolidated Financial Statements
F-4