EX-99.A 2 a05-6386_1ex99da.htm EX-99.A

Exhibit 99.A

 

 

CONSOLIDATED RESULTS OF OPERATIONS

 

 

 

Three Months Ended

 

Year Ended

 

(Millions, except per share data)

 

May 1
2004

,

July 31
2004

,

October 30
2004

,

January 29
2005

,

January 29
2005

,

 

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

 

$

9,909

 

$

10,277

 

$

10,619

 

$

14,877

 

$

45,682

 

Net credit card revenues

 

271

 

279

 

290

 

317

 

1,157

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

10,180

 

10,556

 

10,909

 

15,194

 

46,839

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

6,769

 

7,009

 

7,319

 

10,348

 

31,445

 

Selling, general and administrative expense

 

2,172

 

2,289

 

2,448

 

2,888

 

9,797

 

Credit card expense

 

174

 

173

 

185

 

205

 

737

 

Depreciation and amortization

 

292

 

299

 

324

 

344

 

1,259

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations before interest expense and income taxes

 

773

 

786

 

633

 

1,409

 

3,601

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest expense

 

143

 

207

 

113

 

107

 

570

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations before income taxes

 

630

 

579

 

520

 

1,302

 

3,031

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for income taxes

 

238

 

219

 

196

 

493

 

1,146

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

392

 

360

 

324

 

809

 

1,885

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from discontinued operations, net of $25, $19, $2 and $46 tax

 

40

 

31

 

4

 

 

75

 

Gain on disposal of discontinued operations, net of $650, $132, $(21) and $761 tax

 

 

1,019

 

203

 

16

 

1,238

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

432

 

$

1,410

 

$

531

 

$

825

 

$

3,198

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.43

 

$

0.40

 

$

0.36

 

$

0.91

 

$

2.09

 

Discontinued operations

 

0.04

 

0.03

 

 

 

0.08

 

Gain from discontinued operations

 

 

1.12

 

0.23

 

0.01

 

1.37

 

Basic earnings per share

 

$

0.47

 

$

1.55

 

$

0.59

 

$

0.92

 

$

3.54

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.43

 

$

0.39

 

$

0.36

 

$

0.90

 

$

2.07

 

Discontinued operations

 

0.04

 

0.03

 

 

 

0.08

 

Gain from discontinued operations

 

 

1.11

 

0.23

 

0.01

 

1.36

 

Diluted earnings per share

 

$

0.47

 

$

1.53

 

$

0.59

 

$

0.91

 

$

3.51

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

912.6

 

911.5

 

896.0

 

895.3

 

903.8

 

Diluted

 

921.4

 

919.2

 

905.0

 

903.0

 

912.1