Ross 2007 Annual Report Download - page 30

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28
Item 6. Selected Financial Data.
The following selected financial data is derived from our consolidated financial statements. The data set forth below should
be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” the
section “Forward-Looking Statements” in this Annual Report on Form 10−K and our consolidated financial statements and notes
thereto.
($000, except per share data)
2007 20061 2005 2004 2003
Operations
Sales $ 5,975,212 $ 5,570,210 $ 4,944,179 $ 4,239,990 $ 3,920,583
Cost of goods sold3
4,618,220 4,317,527 3,852,591 3,286,604 2,939,624
Percent of sales
77.3% 77. 5% 77.9 % 77. 5% 75.0%
Selling, general and administrative3
935,901 863,033 766,144 657,668 607,536
Percent of sales
15.7% 15.5% 15.5% 15.5% 15.5%
Impairment of long-lived assets2
— — — 15,818 —
Interest (income) expense, net (4,029) (8,627) (2,898) 915 (262)
Earnings before taxes 425,120 398,277 328,342 278,985 373,685
Percent of sales
7.1% 7.2% 6.6% 6.6% 9.5%
Provision for taxes on earnings 164,069 156,643 128,710 109,083 146,111
Net earnings 261,051 241,634 199,632 169,902 227,574
Percent of sales
4.4% 4.3% 4.0% 4.0% 5.8%
Basic earnings per share $ 1.93 $ 1.73 $ 1.38 $ 1.15 $ 1.50
Diluted earnings per share $ 1.90 $ 1.70 $ 1.36 $ 1.13 $ 1.47
Cash dividends declared
per common share $ .320 $ .255 $ .220 $ .178 $ .129
1 Fiscal 2006 was a 53-week year; all other fiscal years presented were 52 weeks.
2 For the year ended January 29, 2005, the Company recognized a net impairment charge of $15.8 million on its previously owned corporate headquarters in Newark, California.
3 For the year ended January 31, 2004, the Company reclassified $14.2 million of bonus expense that relates to personnel in the merchandising and distribution organizations
from selling, general and administrative expense to cost of goods sold.