Dillard's 2009 Annual Report Download - page 60

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
3. Business Segments (Continued)
The following table summarizes the percentage of net sales by segment and major product line:
Percentage of Net Sales
Fiscal Fiscal Fiscal
2009 2008 2007
Retail operations segment:
Cosmetics ..................................... 15% 15% 15%
Ladies’ apparel and accessories ...................... 36 37 37
Juniors’ and children’s apparel ...................... 8 9 9
Men’s apparel and accessories ....................... 17 18 18
Shoes ........................................ 14 13 13
Home and furniture .............................. 7 7 8
97 99 100
Construction segment .............................. 3 1 —
Total ........................................... 100% 100% 100%
The following tables summarize certain segment information, including the reconciliation of those
items to the Company’s consolidated operations.
Fiscal 2009
(in thousands of dollars) Retail Operations Construction Consolidated
Net sales from external customers ................... $5,889,961 $204,987 $6,094,948
Interest and debt expense, net ...................... 74,256 (253) 74,003
Gross profit .................................... 1,982,858 9,198 1,992,056
Depreciation and amortization ...................... 262,709 168 262,877
Total assets .................................... 4,524,694 81,633 4,606,327
Income before income taxes and equity in losses of joint
ventures ..................................... 80,472 4,053 84,525
Equity in losses of joint ventures .................... (3,304) — (3,304)
Fiscal 2008
(in thousands of dollars) Retail Operations Construction Consolidated
Net sales from external customers ................... $6,742,600 $87,943 $6,830,543
Interest and debt expense, net ...................... 88,945 (124) 88,821
Gross profit .................................... 1,998,623 4,151 2,002,774
Depreciation and amortization ...................... 284,222 65 284,287
Total assets .................................... 4,660,934 84,910 4,745,844
(Loss) income before income taxes and equity in losses of
joint ventures ................................. (382,456) 2,451 (380,005)
Equity in losses of joint ventures .................... (316) (1,264) (1,580)
Intersegment construction revenues of $51.9 million and $19.1 million were eliminated during
consolidation and have been excluded from net sales for the years ended January 30, 2010 and
January 31, 2009, respectively.
F-15