Nordstrom 1999 Annual Report Download - page 36

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NORDSTROM, INC. AND SUBSIDIARIES
34
Consolidated Statements
of Earnings
Dollars in thousands except per share amounts
Year ended January 31 , 2000 % of sales 1999 % of sales 1998 % of sales
Net sales $5,124,223 100.0 $ 5,027,890 100.0 $4,851,624 100.0
Costs and expenses:
Cost of sales and related
buying and occupancy 3,359,760 65.5 3,344,945 66.5 3,295,813 67.9
Selling, general, and administrative 1,491,040 29.1 1,405,270 28.0 1,322,929 27.3
Interest, net 50,396 1.0 47,091 0.9 34,250 0.7
Service charge income and other, net (109,030) (2.1) (107,139) (2.1) (108,581) (2.2)
4,792,166 93.5 4,690,167 93.3 4,544,411 93.7
Earnings before income taxes 332,057 6.5 337,723 6.7 307,213 6.3
Income taxes 129,500 2.5 131,000 2.6 121,000 2.5
Net earnings $ 202,557 4.0 $ 206,723 4.1 $ 18 6,213 3.8
Basic earnings per share $ 1.47 $ 1.41 $ 1.20
Diluted earnings per share $ 1.46 $ 1.41 $ 1.20
Cash dividends paid per share $ .32 $ .30 $ .265
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.