Ross 2008 Annual Report Download - page 34

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32
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
Consolidated Statements of Earnings
Year ended Year ended Year ended
($000, except per share data) January 31, 2009 February 2, 2008 February 3, 2007
Sales $ 6,486,139 $ 5,975,212 $ 5,570,210
Costs and Expenses
Cost of goods sold 4,956,576 4,618,220 4,317,527
Selling, general and administrative 1,034,357 935,901 863,033
Interest income, net (157) (4,029) (8,627)
Total costs and expenses 5,990,776 5,550,092 5,171,933
Earnings before taxes 495,363 425,120 398,277
Provision for taxes on earnings 189,922 164,069 156,643
Net earnings $ 305,441 $ 261,051 $ 241,634
Earnings per share
Basic $ 2.36 $ 1.93 $ 1.73
Diluted $ 2.33 $ 1.90 $ 1.70
Weighted average shares outstanding (000)
Basic 129,235 135,093 139,488
Diluted 131,315 137,142 141,883
Dividends
Cash dividends declared per share $ .395 $ .320 $ .255
The accompanying notes are an integral part of these consolidated financial statements.