Dollar Tree 2010 Annual Report Download - page 30

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(in millions, except per share data)
Year Ended
January 29, 2011
Yea r E nd ed
January 30, 2010
Yea r E nd ed
January 31, 2009
Net sales $ 5,882.4 $ 5,231.2 $ 4,644.9
Co st of sales, excluding non-cash beginning inventory
adjustment
3,768.5 3,374.4 3,052.7
Non-cash beginning inventory adjustment
26.3 ——
Gross profi t 2,087.6 1,856.8 1,592.2
Selling, general and administrative expenses 1,457.6 1,344.0 1,226.4
Operating income 630.0 512.8 365.8
Interest expense, net 5.6 5.2 6.7
Other income, net (5.5) ——
Income before income taxes 629.9 507.6 359.1
Provision for income taxes 232.6 187.1 129.6
Net income $ 397.3 $ 320.5 $ 229.5
Basic net income per share $ 3.13 $ 2.39 $ 1.69
Diluted net income per share $ 3.10 $ 2.37 $ 1.69
See accompanying Notes to Consolidated Financial Statements.
Consolidated Statements Of Operations
28 DOLLAR TREE, INC. ♦ 2010 Annual Report