|
INCOME STATEMENT
|
2012
|
2011
|
2010
|
2009
|
2008
|
|
Sales
|
11698
|
10108
|
9006
|
8032
|
7954
|
|
Cost of Goods sold
|
7543
|
6571
|
5870
|
5277
|
5247
|
|
Gross profit
|
4155
|
3537
|
3136
|
2755
|
2707
|
|
Direct store expenses
|
2983
|
2629
|
2377
|
2147
|
2109
|
|
General & administration expenses
|
372
|
311
|
272
|
244
|
270
|
|
Pre-opening expenses
|
47
|
41
|
38
|
49
|
56
|
|
Relocation/termination/lease termination
|
10
|
8
|
11
|
31
|
37
|
|
Operating Income
|
743
|
548
|
438
|
284
|
236
|
|
Interest Expense
|
0.354
|
4
|
33
|
37
|
36
|
|
Investment and other income
|
9
|
8
|
7
|
3
|
7
|
|
Income before taxes
|
752
|
552
|
412
|
251
|
207
|
|
Provision for taxes
|
286
|
209
|
166
|
104
|
92
|
|
Net income
|
466
|
343
|
246
|
147
|
115
|
| |
|
|
|
|
|
|
BALANCE SHEET
|
2012
|
2011
|
2010
|
|
|
|
Current Assets:
|
|
|
|
|
|
|
Cash and cash equivalents
|
89
|
212
|
132
|
|
|
|
Short-term investments
|
1131
|
442
|
330
|
|
|
|
Restricted cash
|
103
|
92
|
87
|
|
|
|
Accounts receivable
|
197
|
175
|
133
|
|
|
|
Merchandise inventories
|
374
|
337
|
324
|
|
|
|
Prepaid expenses and other current assets
|
77
|
74
|
55
|
|
|
|
Deferred income taxes
|
132
|
121
|
101
|
|
|
|
Total current assets
|
2103
|
1453
|
1162
|
|
|
|
Property and equipment, net
|
2193
|
1997
|
1886
|
|
|
|
Long-term investments
|
221
|
53
|
96
|
|
|
|
Goodwill
|
663
|
663
|
665
|
|
|
|
Intangible assets, net
|
62
|
67
|
69
|
|
|
|
Deferred income taxes
|
43
|
50
|
99
|
|
|
|
Other assets
|
9
|
9
|
9
|
|
|
|
Total Assets
|
5294
|
4292
|
3986
|
|
|
| |
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
Current installments of capital leases
|
1
|
0.5
|
0.4
|
|
|
|
Accounts payable
|
247
|
237
|
213
|
|
|
|
Accrued payroll
|
307
|
282
|
244
|
|
|
|
Dividends payable
|
26
|
18
|
|
|
|
|
Other current liabilities
|
396
|
343
|
290
|
|
|
|
Total current liabilities
|
977
|
879
|
748
|
|
|
|
Long-term capital leases
|
23
|
17
|
508
|
|
|
|
Deferred lease liabilities
|
441
|
354
|
294
|
|
|
|
Other long-term liabilities
|
51
|
50
|
63
|
|
|
|
Total liabilities
|
1492
|
1301
|
1613
|
|
|
|
Retained earnings
|
1233
|
870
|
599
|
|
|
|
Total shareholder's equity
|
3802
|
2991
|
2373
|
|
|
|
Total liabilities and shareholder's equity
|
5294
|
4292
|
3986
|
|
|
Give compound annual growth rates for key categories (such as revenue, but you must decide which others will contribute to your understanding of the company )