Income Statement
Quarterly Data
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.
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- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2010
- Return on Assets (ROA) since 2010
- Total Asset Turnover since 2010
- Analysis of Debt
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Dollar General Corp., consolidated income statement (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04).
- Net Sales
- Net sales exhibited an overall upward trend from May 2018 to August 2024, increasing from approximately $6.11 billion to over $10.21 billion. Periodic fluctuations were observed, with notable spikes around May 2020 and continuing a generally strong growth trajectory through 2023 and into 2024.
- Cost of Goods Sold (COGS)
- COGS mirrored the net sales trend, rising steadily from about $4.25 billion in May 2018 to roughly $7.15 billion by August 2024. The increase in COGS followed sales growth, with spikes especially prominent around May 2020 and sustained elevated levels thereafter.
- Gross Profit
- Gross profit showed growth consistent with increased sales, rising from around $1.86 billion in May 2018 to over $3.05 billion by August 2024. Despite some fluctuations, gross profit margins appeared reasonably stable, with a peak in mid-2023, indicating improved operating efficiency or favorable pricing during that period.
- Selling, General and Administrative Expenses (SG&A)
- SG&A expenses increased progressively over the observed period, from approximately $1.37 billion in May 2018 to about $2.51 billion in August 2024. The steady rise in these expenses may reflect higher operational costs, expanded business activities, or investments in infrastructure and personnel.
- Operating Profit
- Operating profit demonstrated variability with an upward bias, starting at roughly $490 million in May 2018 and fluctuating to around $550 million by August 2024. A pronounced peak occurred in mid-2020, coinciding with increased sales and gross profit, followed by some declines and partial recovery, suggesting episodic impacts on operating efficiency.
- Interest Expense, Net
- Net interest expense showed a slight increase from nearly $25 million at the beginning of the period to about $68 million by August 2024. The gradual rise might indicate increasing debt levels or changes in interest rates over time.
- Other Expense
- The data on other expenses was sparse and largely absent across most periods, with only a few recorded minor values. This suggests that other expenses had limited material impact on overall financial performance during this timeframe.
- Income Before Income Taxes
- This metric generally followed the pattern of operating profit, with increases from approximately $465 million in May 2018 to peaks exceeding $858 million in early 2023, followed by some variability. The fluctuations align with changes in operating profit and interest expenses.
- Income Tax Expense
- Income tax expense increased concurrently with pre-tax income, starting around $100 million in May 2018 and reaching peaks near $199 million in early 2023. Variations in tax expense correspond with fluctuations in income before taxes, indicating a relatively consistent effective tax rate.
- Net Income
- Net income showed an overall rising trend from about $365 million in May 2018 to highs over $659 million in early 2023, though it experienced significant variability, including declines following peaks. Notable increases coincided with periods of heightened gross profit and operating margin expansion, with decreases potentially reflecting increased costs or lower operating efficiency in certain quarters.