Ross 2011 Annual Report Download - page 23

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21
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) 2011 2010 2009 2008 2007
Operations
Sales $ 8,608,291 $ 7,866,100 $ 7,184,213 $ 6,486,139 $ 5,975,212
Cost of goods sold 6,240,760 5,729,735 5,327,278 4,956,576 4,618,220
Percent of sales 72.5% 72.8% 74.2% 76.4% 77.3%
Selling, general and administrative 1,304,065 1,229,775 1,130,813 1,034,357 935,901
Percent of sales 15.2% 15.6% 15.7% 16.0% 15.7%
Interest expense (income), net 10,322 9,569 7,593 (157) (4,029)
Earnings before taxes 1,053,144 897,021 718,529 495,363 425,120
Percent of sales 12.2% 11.4% 10.0% 7.6% 7.1%
Provision for taxes on earnings 395,974 342,224 275,772 189,922 164,069
Net earnings 657,170 554,797 442,757 305,441 261,051
Percent of sales 7.6% 7.1% 6.2% 4.7% 4.4%
Basic earnings per share1 $ 2.91 $ 2.35 $ 1.80 $ 1.18 $ 0.97
Diluted earnings per share1 $ 2.86 $ 2.31 $ 1.77 $ 1.16 $ 0.95
Cash dividends declared
per common share1 $ 0.470 $ 0.350 $ 0.245 $ 0.198 $ 0.160
1 All per share amounts have been adjusted for the two-for-one stock split effective December 15, 2011.