Dollar Tree 2011 Annual Report Download - page 30

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(in millions, except per share data)
Year Ended
January 28, 2012 January 29, 2011 January 30, 2010
Net sales $ 6,630.5 $ 5,882.4 $ 5,231.2
Co st of sales, excluding non-cash beginning inventory
adjustment
4,252.2 3,768.5 3,374.4
Non-cash beginning inventory adjustment
— 26.3 —
Gross profit 2,378.3 2,087.6 1,856.8
Selling, general and administrative expenses 1,596.2 1,457.6 1,344.0
Operating income 782.1 630.0 512.8
Interest expense, net 2.9 5.6 5.2
Other income, net (0.3) (5.5) —
Income before income taxes 779.5 629.9 507.6
Provision for income taxes 291.2 232.6 187.1
Net income $ 488.3 $ 397.3 $ 320.5
Basic net income per share $ 4.06 $ 3.13 $ 2.39
Diluted net income per share $ 4.03 $ 3.10 $ 2.37
See accompanying Notes to Consolidated Financial Statements.
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28 Dollar Tree, Inc.