Kohl's 2014 Annual Report Download - page 43

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Table of Contents



Net sales  
$ 19,031
$ 19,279
Cost of merchandise sold 
12,087
12,289
Gross margin 
6,944
6,990
Operating expenses:
Selling, general and administrative 
4,313
4,267
Depreciation and amortization
889
833
Operating income 
1,742
1,890
Interest expense, net
338
329
Income before income taxes 
1,404
1,561
Provision for income taxes
515
575
Net income  
$ 889
$ 986
Net income per share:
Basic  
$ 4.08
$ 4.19
Diluted  
$ 4.05
$ 4.17
Dividends declared and paid per share  
$ 1.40
$ 1.28
See accompanying Notes to Consolidated Financial Statements



Net income  
$ 889
$ 986
Other comprehensive income, net of tax:
Unrealized gains on investments
8
5
Reclassification adjustment for interest expense on interest rate
derivatives included in net income
3
3
Other comprehensive income
11
8
Comprehensive income  
$ 900
$ 994
See accompanying Notes to Consolidated Financial Statements
F-4