Dick's Sporting Goods 2015 Annual Report Download - page 44

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DICK'S SPORTING GOODS,€INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(Amounts in thousands, except per share data)
Fiscal Year Ended
January 30,
2016
January 31,
2015
February 1,
2014
Net sales $7,270,965 $6,814,479 $6,213,173
Cost of goods sold, including occupancy and distribution costs 5,088,078 4,727,813 4,269,223
GROSS PROFIT 2,182,887 2,086,666 1,943,950
Selling, general and administrative expenses 1,613,075 1,502,089 1,386,315
Pre-opening expenses 34,620 30,518 20,823
INCOME FROM OPERATIONS 535,192 554,059 536,812
Interest expense 4,012 3,215 2,929
Other expense (income) 305 (5,170)(12,224)
INCOME BEFORE INCOME TAXES 530,875 556,014 546,107
Provision for income taxes 200,484 211,816 208,509
NET INCOME $330,391 $344,198 $337,598
EARNINGS PER COMMON SHARE:
Basic $2.87 $2.89 $2.75
Diluted $2.83 $2.84 $2.69
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic 115,230 119,244 122,878
Diluted 116,794 121,238 125,628
See accompanying notes to consolidated financial statements.
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