Income Statement

The income statement presents information on the financial results of a company 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

12 months ended:	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019	Feb 2, 2018
Net sales	37,844,863)	34,220,449)	33,746,839)	27,753,973)	25,625,043)	23,470,967)
Cost of goods sold	(26,024,765)	(23,407,443)	(23,027,977)	(19,264,912)	(17,821,173)	(16,249,608)
Gross profit	11,820,098)	10,813,006)	10,718,862)	8,489,061)	7,803,870)	7,221,359)
Selling, general and administrative expenses	(8,491,796)	(7,592,331)	(7,164,097)	(6,186,757)	(5,687,564)	(5,213,541)
Operating profit	3,328,302)	3,220,675)	3,554,765)	2,302,304)	2,116,306)	2,007,818)
Interest expense	(211,273)	(157,526)	(150,385)	(100,574)	(99,871)	(97,036)
Other expense	(415)	—)	—)	—)	(1,019)	(3,502)
Income before income taxes	3,116,614)	3,063,149)	3,404,380)	2,201,730)	2,015,416)	1,907,280)
Income tax expense	(700,625)	(663,917)	(749,330)	(489,175)	(425,944)	(368,320)
Net income	2,415,989)	2,399,232)	2,655,050)	1,712,555)	1,589,472)	1,538,960)

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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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. net sales increased from 2021 to 2022 and from 2022 to 2023.
Operating profit	The net result for the period of deducting operating expenses from operating revenues.	Dollar General Corp. operating profit decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
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. income before income taxes decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Dollar General Corp. net income decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Dollar General Corp. (NYSE:DG)

Income Statement