Nordstrom 2013 Annual Report Download - page 36

Download and view the complete annual report

Please find page 36 of the 2013 Nordstrom 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 74

  • 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

36
Nordstrom, Inc.
Consolidated Statements of Earnings
In millions except per share amounts
Fiscal year 2013 2012 2011
Net sales $12,166 $11,762 $10,497
Credit card revenues 374 372 363
Total revenues 12,540 12,134 10,860
Cost of sales and related buying and occupancy costs (7,737) (7,432) (6,592)
Selling, general and administrative expenses (3,453) (3,357) (3,019)
Earnings before interest and income taxes 1,350 1,345 1,249
Interest expense, net (161) (160) (130)
Earnings before income taxes 1,189 1,185 1,119
Income tax expense (455) (450) (436)
Net earnings $734 $735 $683
Earnings per share:
Basic $3.77 $3.62 $3.20
Diluted $3.71 $3.56 $3.14
Weighted-average shares outstanding:
Basic 194.5 203.0 213.5
Diluted 197.7 206.7 217.7
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.
Nordstrom, Inc.
Consolidated Statements of Comprehensive Earnings
In millions
Fiscal year 2013 2012 2011
Net earnings $734 $735 $683
Postretirement plan adjustments, net of tax of ($6), $1 and $10 10 (2) (16)
Foreign currency translation adjustment (2) — —
Comprehensive net earnings $742 $733 $667
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.
Table of Contents