Dillard's 2012 Annual Report Download - page 20

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ITEM 6. SELECTED FINANCIAL DATA.
The selected financial data set forth below should be read in conjunction with our ‘‘Management’s
Discussion and Analysis of Financial Condition and Results of Operations’’, our consolidated audited
financial statements and notes thereto and the other information contained elsewhere in this report.
(Dollars in thousands of dollars,
except per share data) 2012(1) 2011 2010 2009 2008
Net sales ................ $ 6,593,169 $ 6,263,600 $ 6,120,961 $ 6,094,948 $ 6,830,543
Percent change .......... 5% 2% 0% ǁ11% ǁ5%
Cost of sales .............. 4,247,108 4,047,269 3,980,873 4,109,618 4,833,791
Percent of sales .......... 64.4% 64.6% 65.0% 67.4% 70.8%
Interest and debt expense, net . 69,596 72,059 73,792 74,003 88,821
Income (loss) before income
taxes and income on (equity
in losses of) joint ventures . . 479,750 396,669 268,716 84,525 (380,005)
Income taxes (benefit) ...... 145,060 (62,518) 84,450 12,690 (140,520)
Income on (equity in losses of)
joint ventures ........... 1,272 4,722 (4,646) (3,304) (1,580)
Net income (loss) .......... 335,962 463,909 179,620 68,531 (241,065)
Net income (loss) per diluted
common share ........... 6.87 8.52 2.67 0.93 (3.25)
Dividends per common share . 5.20 0.19 0.16 0.16 0.16
Book value per common share 41.24 41.50 34.79 31.21 30.65
Average number of diluted
shares outstanding ........ 48,910,946 54,448,065 67,174,163 73,783,960 74,278,461
Accounts receivable ........ 31,519 28,708 25,950 63,222 87,998
Merchandise inventories ..... 1,294,581 1,304,124 1,290,147 1,300,680 1,374,394
Property and equipment, net . . 2,287,015 2,440,266 2,595,514 2,780,837 2,973,151
Total assets ............... 4,048,744 4,306,137 4,374,166 4,606,327 4,745,844
Long-term debt ........... 614,785 614,785 697,246 747,587 757,689
Capital lease obligations ..... 7,524 9,153 11,383 22,422 24,116
Other liabilities ........... 233,492 245,218 205,916 213,471 220,911
Deferred income taxes ...... 255,652 314,598 341,689 349,722 378,348
Subordinated debentures ..... 200,000 200,000 200,000 200,000 200,000
Total stockholders’ equity .... 1,970,175 2,052,019 2,086,720 2,304,103 2,251,115
Number of stores
Opened(2) ............. 002010
Closed ................ 243621
Total—end of year ........ 302 304 308 309 315
(1) Fiscal 2012 contains 53 weeks.
(2) One store in Biloxi, Mississippi, not in operation during fiscal 2007 due to the hurricanes of 2005,
was re-opened in early fiscal 2008.
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