Lowe's 2006 Annual Report Download - page 47

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Selected Statement of Earnings Data:
(In millions, except per share data) 2006 2005* 2004 2003 2002
Net sales $ 46,927 $ 43,243 $ 36,464 $ 30,838 $ 26,112
Gross margin 16,198 14,790 12,240 9,533 7,915
Earnings from continuing operations 3,105 2,765 2,167 1,807 1,473
Earnings from discontinued operations, net of tax – – – 15 12
Net earnings 3,105 2,765 2,167 1,822 1,485
Basic earnings per share – continuing operations 2.02 1.78 1.39 1.15 0.94
Basic earnings per share – discontinued operations – – – 0.01 0.01
Basic earnings per share 2.02 1.78 1.39 1.16 0.95
Diluted earnings per share – continuing operations 1.99 1.73 1.35 1.12 0.92
Diluted earnings per share – discontinued operations – – – 0.01 0.01
Diluted earnings per share 1.99 1.73 1.35 1.13 0.93
Dividends per share $ 0.18 $ 0.11 $ 0.08 $ 0.06 $ 0.04
Selected Balance Sheet Data:
Total assets $ 27,767 $ 24,639 $ 21,101 $ 18,667 $ 15,790
Long-term debt, excluding current maturities $ 4,325 $ 3,499 $ 3,060 $ 3,678 $ 3,736
Note: e selected nancial data has been adjusted to present the 2003 disposal of the Contractor Yards as a discontinued operation for all periods.
Selected Quarterly Data:
(In millions, except per share data) First Second ird Fourth
2006
Net sales $ 11,921 $ 13,389 $ 11,211 $ 10,406
Gross margin 4,169 4,478 3,865 3,687
Net earnings 841 935 716 613
Basic earnings per share 0.54 0.61 0.47 0.40
Diluted earnings per share $ 0.53 $ 0.60 $ 0.46 $ 0.40
(In millions, except per share data) First Second ird Fourth*
2005
Net sales $ 9,913 $ 11,929 $ 10,592 $ 10,808
Gross margin 3,398 4,027 3,580 3,785
Net earnings 586 839 646 693
Basic earnings per share 0.38 0.54 0.41 0.44
Diluted earnings per share $ 0.37 $ 0.52 $ 0.40 $ 0.43
* e fourth quarter of scal 2005 contained an additional week. erefore, scal 2005 contained 53 weeks, while all other years contained 52 weeks.
43
Lowe’s 2006 Annual Report
Lowe’s Companies, Inc.
Selected Financial Data (Unaudited) continued