The Gap 2012 Annual Report Download - page 82

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64
Net sales by region are allocated based on the location in which the sale was originated. Store sales are allocated based
on the location of the store, and online sales are allocated based on the location of the distribution center from which the
products were shipped. Net sales by geographic location are as follows:
Fiscal Year
($ in millions) 2012 2011 2010
U.S. (1) $ 12,194 $ 11,368 $ 11,740
Canada 1,095 1,007 988
Total North America 13,289 12,375 12,728
Other regions 2,362 2,174 1,936
Total net sales $ 15,651 $ 14,549 $ 14,664
__________
(1) U.S. includes the United States and Puerto Rico.
Note 17. Quarterly Information (Unaudited)
Selected quarterly and annual operating results are as follows:
13 Weeks
Ended 13 Weeks
Ended 13 Weeks
Ended 14 Weeks
Ended 53 Weeks Ended
($ in millions except per share amounts) April 28,
2012 July 28,
2012 October 27,
2012 February 2,
2013 February 2, 2013
(fiscal 2012)
Net sales $ 3,487 $ 3,575 $ 3,864 $ 4,725 $ 15,651
Gross profit $ 1,375 $ 1,427 $ 1,593 $ 1,776 $ 6,171
Net income $ 233 $ 243 $ 308 $ 351 $ 1,135
Earnings per share—basic (1) $ 0.48 $ 0.50 $ 0.64 $ 0.74 $ 2.35
Earnings per share—diluted (1) $ 0.47 $ 0.49 $ 0.63 $ 0.73 $ 2.33
13 Weeks
Ended 13 Weeks
Ended 13 Weeks
Ended 13 Weeks
Ended 52 Weeks Ended
($ in millions except per share amounts) April 30,
2011 July 30,
2011 October 29,
2011 January 28,
2012 January 28, 2012
(fiscal 2011)
Net sales $ 3,295 $ 3,386 $ 3,585 $ 4,283 $ 14,549
Gross profit $ 1,304 $ 1,251 $ 1,314 $ 1,405 $ 5,274
Net income $ 233 $ 189 $ 193 $ 218 $ 833
Earnings per share—basic (1) $ 0.40 $ 0.35 $ 0.38 $ 0.45 $ 1.57
Earnings per share—diluted (1) $ 0.40 $ 0.35 $ 0.38 $ 0.44 $ 1.56
__________
(1) Earnings per share was computed individually for each of the periods presented; therefore, the sum of the earnings per share amounts for the
quarters may not equal the total for the year.
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