Kohl's 2010 Annual Report Download - page 48

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Table of Contents



  
Net sales  $17,178 $16,389
Cost of merchandise sold (exclusive of depreciation shown separately below)  10,680 10,334
Gross margin  6,498 6,055
Operating expenses:
Selling, general, and administrative  4,196 3,978
Depreciation and amortization  590 541
Operating income  1,712 1,536
Other expense (income):
Interest expense  134 132
Interest income  (10) (21)
Income before income taxes  1,588 1,425
Provision for income taxes  597 540
Net income  $991 $885
Net income per share:
Basic   $ 3.25 $2.89
Diluted  $3.23 $2.89
See accompanying Notes to Consolidated Financial Statements
F-4