Ross 2011 Annual Report Download - page 35

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33
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
Consolidated Statements of Earnings
Year ended Year ended Year ended
($000, except per share data) January 28, 2012 January 29, 2011 January 30, 2010
Sales $ 8,608,291 $ 7,866,100 $ 7,184,213
Costs and Expenses
Costs of goods sold 6,240,760 5,729,735 5,327,278
Selling, general and administrative 1,304,065 1,229,775 1,130,813
Interest expense, net 10,322 9,569 7,593
Total costs and expenses 7,555,147 6,969,079 6,465,684
Earnings before taxes 1,053,144 897,021 718,529
Provision for taxes on earnings 395,974 342,224 275,772
Net earnings $ 657,170 $ 554,797 $ 442,757
Earnings per share
Basic $ 2.91 $ 2.35 $ 1.80
Diluted $ 2.86 $ 2.31 $ 1.77
Weighted average shares outstanding (000)
Basic 225,915 235,641 245,774
Diluted 229,982 239,805 250,028
Dividends
Cash dividends declared per share $ 0.470 $ 0.350 $ 0.245
The accompanying notes are an integral part of these consolidated financial statements.