Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Dollar General Corp., balance sheet: property, plant and equipment

US$ in thousands

	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019	Feb 2, 2018
Land	230,814)	227,085)	224,628)	220,228)	214,632)	212,033)
Land improvements	98,567)	96,402)	93,169)	86,636)	85,093)	79,597)
Buildings	1,561,440)	1,446,126)	1,329,309)	1,290,673)	1,219,852)	1,116,872)
Leasehold improvements	1,011,788)	889,782)	782,858)	656,234)	583,531)	507,894)
Furniture, fixtures and equipment	5,714,456)	4,984,534)	4,487,665)	3,782,016)	3,298,594)	3,186,406)
Construction in progress	313,615)	131,073)	183,593)	62,183)	117,275)	72,490)
Right of use assets, finance leases	215,052)	162,772)	163,108)	—)	—)	—)
Gross property and equipment	9,145,732)	7,937,774)	7,264,330)	6,097,970)	5,518,977)	5,175,292)
Accumulated depreciation and amortization	(3,909,423)	(3,591,647)	(3,364,333)	(2,819,611)	(2,548,171)	(2,474,010)
Net property and equipment	5,236,309)	4,346,127)	3,899,997)	3,278,359)	2,970,806)	2,701,282)

Based on: 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02).

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Item	Description	The company
Gross property and equipment	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Dollar General Corp. gross property and equipment increased from 2021 to 2022 and from 2022 to 2023.
Net property and equipment	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Dollar General Corp. net property and equipment increased from 2021 to 2022 and from 2022 to 2023.

Dollar General Corp., asset age ratios

	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019	Feb 2, 2018
Average age ratio	43.85%	46.58%	47.79%	47.97%	48.04%	49.85%
Estimated total useful life (years)	12	12	12	12	12	12
Estimated age, time elapsed since purchase (years)	5	6	6	6	6	6
Estimated remaining life (years)	7	6	6	6	6	6

Based on: 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02).

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Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Dollar General Corp. average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Dollar General Corp. estimated total useful life of depreciable property, plant and equipment decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Dollar General Corp. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.
Estimated remaining life		Dollar General Corp. estimated remaining life of depreciable property, plant and equipment increased from 2021 to 2022 and from 2022 to 2023.

	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019	Feb 2, 2018
Selected Financial Data (US$ in thousands)
Accumulated depreciation and amortization	3,909,423)	3,591,647)	3,364,333)	2,819,611)	2,548,171)	2,474,010)
Gross property and equipment	9,145,732)	7,937,774)	7,264,330)	6,097,970)	5,518,977)	5,175,292)
Land	230,814)	227,085)	224,628)	220,228)	214,632)	212,033)
Asset Age Ratio
Average age¹	43.85%	46.58%	47.79%	47.97%	48.04%	49.85%

Based on: 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02).

2023 Calculations

¹ Average age = 100 × Accumulated depreciation and amortization ÷ (Gross property and equipment – Land)
= 100 × 3,909,423 ÷ (9,145,732 – 230,814) = 43.85%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Dollar General Corp. average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.

	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019	Feb 2, 2018
Selected Financial Data (US$ in thousands)
Gross property and equipment	9,145,732)	7,937,774)	7,264,330)	6,097,970)	5,518,977)	5,175,292)
Land	230,814)	227,085)	224,628)	220,228)	214,632)	212,033)
Depreciation and amortization expense related to property and equipment	717,800)	635,900)	569,300)	500,400)	454,100)	403,300)
Asset Age Ratio (Years)
Estimated total useful life¹	12	12	12	12	12	12

Based on: 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02).

2023 Calculations

¹ Estimated total useful life = (Gross property and equipment – Land) ÷ Depreciation and amortization expense related to property and equipment
= (9,145,732 – 230,814) ÷ 717,800 = 12

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Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Dollar General Corp. estimated total useful life of depreciable property, plant and equipment decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019	Feb 2, 2018
Selected Financial Data (US$ in thousands)
Accumulated depreciation and amortization	3,909,423)	3,591,647)	3,364,333)	2,819,611)	2,548,171)	2,474,010)
Depreciation and amortization expense related to property and equipment	717,800)	635,900)	569,300)	500,400)	454,100)	403,300)
Asset Age Ratio (Years)
Time elapsed since purchase¹	5	6	6	6	6	6

Based on: 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02).

2023 Calculations

¹ Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation and amortization expense related to property and equipment
= 3,909,423 ÷ 717,800 = 5

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Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Dollar General Corp. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.

	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019	Feb 2, 2018
Selected Financial Data (US$ in thousands)
Net property and equipment	5,236,309)	4,346,127)	3,899,997)	3,278,359)	2,970,806)	2,701,282)
Land	230,814)	227,085)	224,628)	220,228)	214,632)	212,033)
Depreciation and amortization expense related to property and equipment	717,800)	635,900)	569,300)	500,400)	454,100)	403,300)
Asset Age Ratio (Years)
Estimated remaining life¹	7	6	6	6	6	6

Based on: 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02).

2023 Calculations

¹ Estimated remaining life = (Net property and equipment – Land) ÷ Depreciation and amortization expense related to property and equipment
= (5,236,309 – 230,814) ÷ 717,800 = 7

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Asset age ratio	Description	The company
Estimated remaining life		Dollar General Corp. estimated remaining life of depreciable property, plant and equipment increased from 2021 to 2022 and from 2022 to 2023.

Dollar General Corp. (NYSE:DG)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life