Ross 2012 Annual Report Download - page 35

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33
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Consolidated Statements of Earnings
Year Ended Year Ended Year Ended
($000, except per share data) February 2, 2013 January 28, 2012 January 29, 2011
Sales $ 9,721,065 $ 8,608,291 $ 7,866,100
Costs and Expenses
Costs of goods sold 7,011,428 6,240,760 5,729,735
Selling, general and administrative 1,437,886 1,304,065 1,229,775
Interest expense, net 6,907 10,322 9,569
Total costs and expenses 8,456,221 7,555,147 6,969,079
Earnings before taxes 1,264,844 1,053,144 897,021
Provision for taxes on earnings 478,081 395,974 342,224
Net earnings $ 786,763 $ 657,170 $ 554,797
Earnings per share
Basic $ 3.59 $ 2.91 $ 2.35
Diluted $ 3.53 $ 2.86 $ 2.31
Weighted average shares outstanding (000)
Basic 219,130 225,915 235,641
Diluted 222,784 229,982 239,805
Dividends
Cash dividends declared per share $ 0.59 $ 0.47 $ 0.35
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Statements of Comprehensive Income
Year ended Year ended Year ended
($000) February 2, 2013 January 28, 2012 January 29, 2011
Net earnings $ 786,763 $ 657,170 $ 554,797
Other comprehensive income:
Change in unrealized (loss) gain on investments, net of tax (50) 147 318
Comprehensive income $ 786,713 $ 657,317 $ 555,115
The accompanying notes are an integral part of these consolidated financial statements.