Dollar Tree 2006 Annual Report Download - page 29

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Year Ended Year Ended Year Ended
February 3, January 28, January 29,
(in millions, except per share data) 2007 2006 2005
Net sales $3,969.4 $3,393.9 $3,126.0
Cost of sales (Note 4) 2,612.2 2,221.5 2,013.5
Gross profit 1,357.2 1,172.4 1,112.5
Selling, general and administrative expenses (Notes 8 and 9) 1,046.4 888.5 819.0
Operating income 310.8 283.9 293.5
Interest income 8.6 6.8 3.9
Interest expense (Notes 5 and 6) (16.5) (15.5) (9.2)
Income before income taxes 302.9 275.2 288.2
Provision for income taxes (Note 3) 110.9 101.3 107.9
Net income $ 192.0 $ 173.9 $ 180.3
Basic net income per share (Note 7) $ 1.86 $ 1.61 $ 1.59
Diluted net income per share (Note 7) $ 1.85 $ 1.60 $ 1.58
See accompanying Notes to Consolidated Financial Statements.
DOLLAR TREE STORES, INC. • 2006 ANNUAL REPORT 27
CONSOLIDATED STATEMENTS OF OPERATIONS