Dillard's 2015 Annual Report Download - page 47

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F-5
Consolidated Statements of Income
Dollars in Thousands, Except Share Data
Years Ended
January 30, 2016 January 31, 2015 February 1, 2014
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,595,626 $ 6,621,054 $ 6,531,647
Service charges and other income. . . . . . . . . . . . . . . . . . . . . . . . . . . . 158,919 159,075 160,130
6,754,545 6,780,129 6,691,777
Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,350,805 4,272,605 4,223,715
Selling, general and administrative expenses . . . . . . . . . . . . . . . . . . . 1,669,916 1,663,859 1,632,036
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250,011 250,683 255,490
Rentals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,732 26,977 26,833
Interest and debt expense, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,923 61,306 64,505
Gain on disposal of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12,626)(6,069)(12,379)
Asset impairment and store closing charges . . . . . . . . . . . . . . . . . . . . — — 5,353
Income before income taxes and income on and equity in losses of
joint ventures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 408,784 510,768 496,224
Income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140,770 179,480 173,400
Income on and equity in losses of joint ventures . . . . . . . . . . . . . . . . 1,356 565 847
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 269,370 $ 331,853 $ 323,671
Earnings per common share:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6.91 $ 7.79 $ 7.10
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.91 7.79 7.10
See notes to consolidated financial statements.