Dillard's 2013 Annual Report Download - page 51

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F-5
Consolidated Statements of Income
Dollars in Thousands, Except Per Share Data
Years Ended
February 1, 2014 February 2, 2013 January 28, 2012
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,531,647 $ 6,593,169 $ 6,263,600
Service charges and other income. . . . . . . . . . . . . . . . . . . . . . . . . . . . 160,130 158,426 141,884
6,691,777 6,751,595 6,405,484
Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,223,715 4,247,108 4,047,269
Selling, general and administrative expenses . . . . . . . . . . . . . . . . . . . 1,632,036 1,671,526 1,630,907
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 255,490 259,621 257,685
Rentals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,833 34,838 48,110
Interest and debt expense, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64,505 69,596 72,059
Gain on litigation settlement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ——
(44,460)
Gain on disposal of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12,379)(12,435)(3,955)
Asset impairment and store closing charges . . . . . . . . . . . . . . . . . . . . 5,353 1,591 1,200
Income before income taxes and income on and equity in losses of
joint ventures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 496,224 479,750 396,669
Income taxes (benefit). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 173,400 145,060 (62,518)
Income on and equity in losses of joint ventures . . . . . . . . . . . . . . . . 847 1,272 4,722
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 323,671 $ 335,962 $ 463,909
Earnings per common share:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7.10 $ 6.98 $ 8.67
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.10 6.87 8.52
See notes to consolidated financial statements.