The Gap 2010 Annual Report Download - page 76

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Net sales by region are allocated based on the location in which the sale was originated. Store sales are allocated
based on the location of the store, and online sales are allocated based on the location of the distribution center
from which the products were shipped. Net sales generated in the U.S. and in foreign locations are as follows:
Fiscal Year
($ in millions) 2010 2009 2008
U.S.(1)...................................................................... $11,740 $11,609 $11,931
Foreign..................................................................... 2,924 2,588 2,595
Totalnetsales .............................................................. $14,664 $14,197 $14,526
(1) U.S. includes the United States and Puerto Rico.
Note 15. Quarterly Information (Unaudited)
The following quarterly data are derived from our Consolidated Statements of Income:
($ in millions except per share amounts)
13 Weeks
Ended
May 1,
2010
13 Weeks
Ended
July 31,
2010
13 Weeks
Ended
October 30,
2010
13 Weeks
Ended
January 29,
2011
52 Weeks
Ended
January 29,
2011
(fiscal year 2010)
Netsales.......................................... $3,329 $3,317 $3,654 $4,364 $14,664
Grossprofit ....................................... $1,401 $1,314 $1,505 $1,669 $ 5,889
Netincome ....................................... $ 302 $ 234 $ 303 $ 365 $ 1,204
Earnings per share—basic (1) ........................ $ 0.45 $ 0.36 $ 0.49 $ 0.60 $ 1.89
Earnings per share—diluted (1) ...................... $ 0.45 $ 0.36 $ 0.48 $ 0.60 $ 1.88
($ in millions except per share amounts)
13 Weeks
Ended
May 2,
2009
13 Weeks
Ended
August 1,
2009
13 Weeks
Ended
October 31,
2009
13 Weeks
Ended
January 30,
2010
52 Weeks
Ended
January 30,
2010
(fiscal year 2009)
Netsales.......................................... $3,127 $3,245 $3,589 $4,236 $14,197
Grossprofit ....................................... $1,239 $1,288 $1,524 $1,673 $ 5,724
Netincome ....................................... $ 215 $ 228 $ 307 $ 352 $ 1,102
Earnings per share—basic (1) ........................ $ 0.31 $ 0.33 $ 0.44 $ 0.51 $ 1.59
Earnings per share—diluted (1) ...................... $ 0.31 $ 0.33 $ 0.44 $ 0.51 $ 1.58
(1) Earnings per share were computed individually for each of the periods presented; therefore, the sum of the earnings per share amounts
for the quarters may not equal the total for the year.
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