Ross 2005 Annual Report Download - page 27

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25
Item 6. Selected Financial Data
The following selected financial data is derived from our consolidated financial statements. The data set forth below should be read
in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” the section “Forward-
Looking Statements” in the Company’s Annual Report on Form 10-K and our consolidated financial statements and notes thereto.
($000, except per share data) 2005 2004 2003 2002 2001
Operations
Sales $4,944,179 $ 4,239,990 $ 3,920,583 $ 3,531,349 $ 2,986,596
Cost of goods sold 3,832,296 3,279,877 2,918,801 2,630,222 2,242,770
Percent of sales 77.5% 77.3% 74.5% 74.5% 75.1%
Selling, general and administrative 786,439 664,395 628,359 572,316 485,455
Percent of sales 15.9% 15.7% 16.0% 16.2% 16.3%
Impairment of long-lived assets1–15,818 – – –
Interest (income) expense, net (2,898) 915 (262) 279 3,168
Earnings before taxes 328,342 278,985 373,685 328,532 255,203
Percent of sales 6.6% 6.6% 9.5% 9.3% 8.5%
Provision for taxes on earnings 128,710 109,083 146,111 128,456 99,784
Net earnings 199,632 169,902 227,574 200,076 155,419
Percent of sales 4.0% 4.0% 5.8% 5.7% 5.2%
Basic earnings per share $1.38 $ 1.15 $ 1.50 $ 1.28 $ .97
Diluted earnings per share $1.36 $ 1.13 $ 1.47 $ 1.25 $ .95
Cash dividends declared
per common share $.220 $ .178 $ .129 $ .100 $ .089
1For the year ended January 29, 2005, the Company recognized a net impairment charge of $15.8 million on its prior corporate headquarters in Newark, California.