Ross 2007 Annual Report Download - page 42

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40
Item 8. Financial Statements and Supplementary Data.
Consolidated Statements of Earnings
Year ended Year ended Year ended
($000, except per share data) February 2, 2008 February 3, 2007 January 28, 2006
Sales $ 5,975,212 $ 5,570,210 $ 4,944,179
Costs and Expenses
Cost of goods sold 4,618,220 4,317,527 3,852,591
Selling, general and administrative 935,901 863,033 766,144
Interest income, net (4,029) (8,627) (2,898)
Total costs and expenses 5,550,092 5,171,933 4,615,837
Earnings before taxes 425,120 398,277 328,342
Provision for taxes on earnings 164,069 156,643 128,710
Net earnings $ 261,051 $ 241,634 $ 199,632
Earnings per share
Basic $ 1.93 $ 1.73 $ 1.38
Diluted $ 1.90 $ 1.70 $ 1.36
Weighted average shares outstanding (000)
Basic 135,093 139,488 144,325
Diluted 137,142 141,883 146,532
Dividends
Cash dividends declared per share $ .320 $ .255 $ .220
The accompanying notes are an integral part of these consolidated financial statements.