Kohl's 2010 Annual Report Download - page 20
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Table of Contents
The selected consolidated financial data presented below should be read in conjunction with our consolidated financial statements and related notes
included elsewhere in this document. The Statement of Income and Balance Sheet Data have been derived from our audited consolidated financial statements.
Net sales $17,178 $16,389 $ 16,474 $15,597
Cost of merchandise sold 10,680 10,334 10,460 9,922
Gross margin 6,498 6,055 6,014 5,675
Selling, general and administrative expenses 4,196 3,978 3,758 3,472
Depreciation and amortization 590 541 452 388
Operating income 1,712 1,536 1,804 1,815
Interest expense, net 124 111 62 41
Income before income taxes 1,588 1,425 1,742 1,774
Provision for income taxes 597 540 658 665
Net income $991 $885 $1,084 $1,109
Net income per share:
Basic $ 3.25 $2.89 $3.41 $3.34
Diluted $3.23 $2.89 $3.39 $3.31
Comparable store sales growth (a) 0.4% (6.9%) (0.8%) 5.9%
Net sales per selling square foot (b) $ 217 $ 222 $ 249 $256
Total square feet of selling space (end of period, in thousands) 78,396 74,992 69,889 62,357
Number of stores open (end of period) 1,058 1,004 929 817
Return on average shareholders' equity (c) 13.8% 14.0% 18.5% 19.5%
Working capital $3,095 $ 1,884 $1,952 $ 1,481
Property and equipment, net 7,018 6,984 6,510 5,353
Total assets 13,160 11,363 10,575 9,046
Long-term debt and capital leases 2,052 2,053 2,052 1,040
Shareholders’ equity 7,853 6,739 6,102 5,603
(a) Comparable store sales growth is based on sales for stores (including E-Commerce sales and relocated or remodeled stores) which were open throughout
both the full current and prior year periods. Fiscal 2006 was a 53-week year. Comparable store sales growth for 2006 is presented for the 52-weeks
ended January 27, 2007 and excludes approximately $200 million in sales which were earned in the 53 week of that year.
(b) Net sales per selling square foot is based on stores open for the full current period, excluding E-Commerce. Fiscal 2006 excludes the impact of the 53
week.
(c) Average shareholders’ equity is based on a 5-quarter average.
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