Dollar Tree 2012 Annual Report Download - page 29

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(in millions, except per share data)
YearEnded
February 2, 2013 January28,2012 January29,2011
Netsales $ 7,394.5  $ 6,630.5  $ 5,882.4
Co st of sales, excluding non-cash beginning inventory
adjustment
4,741.8   4,252.2   3,768.5
Non-cashbeginninginventoryadjustment
— —   26.3
  Grossprot 2,652.7   2,378.3   2,087.6
Selling, general and administrative expenses 1,732.6   1,596.2   1,457.6
Operating income 920.1   782.1   630.0
Interest expense, net 2.8   2.9   5.6
Other income, net (61.6)   (0.3)   (5.5)
Income before income taxes 978.9   779.5   629.9
Provision for income taxes 359.6   291.2   232.6
Netincome $ 619.3  $ 488.3  $ 397.3
Basic net income per share $ 2.70  $ 2.03  $ 1.56
Diluted net income per share $ 2.68  $ 2.01  $ 1.55
See accompanying Notes to Consolidated Financial Statements.
Consolidated Statements of Operations
2012AnnualReport27