Stock Analysis on Net
Stock Analysis on Net
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Dollar General Corp. (NYSE:DG)

Income Statement

Beginner level

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Dollar General Corp., consolidated income statement

US$ in thousands

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12 months ended: Jan 31, 2020 Feb 1, 2019 Feb 2, 2018 Feb 3, 2017 Jan 29, 2016 Jan 30, 2015
Net sales 27,753,973  25,625,043  23,470,967  21,986,598  20,368,562  18,909,588 
Cost of goods sold (19,264,912) (17,821,173) (16,249,608) (15,203,960) (14,062,471) (13,107,081)
Gross profit 8,489,061  7,803,870  7,221,359  6,782,638  6,306,091  5,802,507 
Selling, general and administrative expenses (6,186,757) (5,687,564) (5,213,541) (4,719,189) (4,365,797) (4,033,414)
Operating profit 2,302,304  2,116,306  2,007,818  2,063,449  1,940,294  1,769,093 
Interest expense (100,574) (99,871) (97,036) (97,821) (86,944) (88,232)
Other income (expense) —  (1,019) (3,502) —  (326) — 
Income before income taxes 2,201,730  2,015,416  1,907,280  1,965,628  1,853,024  1,680,861 
Income tax expense (489,175) (425,944) (368,320) (714,495) (687,944) (615,516)
Net income 1,712,555  1,589,472  1,538,960  1,251,133  1,165,080  1,065,345 

Based on: 10-K (filing date: 2020-03-19), 10-K (filing date: 2019-03-22), 10-K (filing date: 2018-03-23), 10-K (filing date: 2017-03-24), 10-K (filing date: 2016-03-22), 10-K (filing date: 2015-03-20).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Dollar General Corp.’s net sales increased from 2018 to 2019 and from 2019 to 2020.
Operating profit The net result for the period of deducting operating expenses from operating revenues. Dollar General Corp.’s operating profit increased from 2018 to 2019 and from 2019 to 2020.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Dollar General Corp.’s income before income taxes increased from 2018 to 2019 and from 2019 to 2020.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Dollar General Corp.’s net income increased from 2018 to 2019 and from 2019 to 2020.