Kohl's 2009 Annual Report Download - page 46

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Table of Contents



  
Net sales  $16,389 $16,474
Cost of merchandise sold (exclusive of depreciation shown separately below)  10,334 10,460
Gross margin  6,055 6,014
Operating expenses:
Selling, general, and administrative  3,936 3,697
Depreciation and amortization  541 452
Preopening expenses  42 61
Operating income   1,536 1,804
Other expense (income):
Interest expense  132 82
Interest income  (21) (20)
Income before income taxes  1,425 1,742
Provision for income taxes  540 658
Net income  $885 $1,084
Net income per share:
Basic   $2.89 $3.41
Diluted  $2.89 $3.39
See accompanying Notes to Consolidated Financial Statements
F-4