Foot Locker 2013 Annual Report Download - page 94

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Foot Locker, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
25. Quarterly Results (Unaudited)
1
st
Q2
nd
Q3
rd
Q4
th
Q
(1)
Year
(in millions, except per share amounts)
Sales
2013 1,638 1,454 1,622 1,791 $ 6,505
2012 1,578 1,367 1,524 1,713 $ 6,182
Gross margin
(2)
2013 561 453 537 582 $ 2,133
2012 537 428 505 564 $ 2,034
Operating profit
(3)
2013 215 106 162 181 $ 664
2012 202 93 156 159 $ 610
Net income
2013 138 66 104 121 $ 429
2012 128 59 106 104
(4)
$ 397
Basic earnings per share:
2013 0.92 0.44 0.70 0.83 $ 2.89
2012 0.84 0.39 0.70 0.69 $ 2.62
Diluted earnings per share:
2013 0.90 0.44 0.70 0.81 $ 2.85
2012 0.83 0.39 0.69 0.68 $ 2.58
(1) The fourth quarter of 2012 represents the 14 weeks ended February 2, 2013.
(2) Gross margin represents sales less cost of sales.
(3) Operating profit represents income before income taxes, interest expense, net, and non-operating income.
(4) During the fourth quarter of 2012, the Company recorded impairment and other charges totaling $12 million related to its CCS
tradename and impairment of CCS long-lived assets.
71