Gap Quarterly Financial Summary

Gap Quarterly Financial Summary - Quarterly Financial...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Quarterly Financial Summary Q1 2010
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Gap Inc. Quarterly Financial Summary Q1 2010 Notes to Quarterly Financial Summary: • All dollar, share, and square footage amounts are shown in millions, with the exception of per share and per square footage data. • Beginning with the second quarter of fiscal year 2007, Forth & Towne is recognized as a discontinued operation. • Our fiscal year is a 52- or 53- week period ending on the Saturday closest to January 31. Fiscal 2006 consisted of 53 weeks.
Background image of page 2
I. Consolidated Statements of Income. ...…………………. .……. 1 II. Consolidated Balance Sheets. .…………………………. .……. 2 III. Consolidated Statements of Cash Flows.………………. .…… 3 IV. Selected Metrics ….…………………………………………. ... 4 Table of Contents
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Gap Inc. Quarterly Financial Summary Section I: Consolidated Statements of Income 2005 (52) 2006 (53) 2007 (52) 2008 (52) Q1 (13) Q2 (13) Q3 (13) Q4 (13) Full Year Q1 (13) Net sales 16,019 $ 15,923 $ 15,763 $ 14,526 $ 3,127 $ 3,245 $ 3,589 $ 4,236 $ 14,197 $ 3,329 $ Cost of goods sold and occupancy expenses 10,145 10,266 10,071 9,079 1,888 1,957 2,065 2,563 8,473 1,928 $ Gross profit 5,874 5,657 5,692 5,447 1,239 1,288 1,524 1,673 5,724 1,401 Operating expenses 4,099 4,432 4,377 3,899 886 913 1,024 1,086 3,909 927 Operating income 1,775 1,225 1,315 1,548 353 375 500 587 1,815 474 Interest expense 45 41 26 1 2 1 1 2 6 (10) Interest income (93) (131) (117) (37) (2) (2) (1) (2) (7) (1) Income from continuing operations before income taxes 1,823 1,315 1,406 1,584 353 376 500 587 1,816 485 Income taxes 692 506 539 617 138 148 193 235 714 183 Income from continuing operations, net of income taxes 1,131 809 867 967 215 228 307 352 1,102 302 Loss from discontinued operation, net of income tax benefit (18) (31) (34) - - - - - - - Net Income 1,113 $ 778 $ 833 $ 967 $ 215 $ 228 $ 307 $ 352 $ 1,102 $ 302 $ Weighted average number of shares - basic 881 831 791 716 695 697 698 686 694 668 Weighted average number of shares - diluted 902 836 794 719 697 700 704 693 699 676 Basic earnings per share: Income from continuing operations 1.28 $ 0.97 $ 1.10 $ 1.35 $ 0.31 $ 0.33 $ 0.44 $ 0.51 $ 1.59 0.45 $ Loss from discontinued operation (0.02) (0.03) (0.05) - - - - - - - Net income 1.26 $ 0.94 $ 1.05 $ 1.35 $ 0.31 $ 0.33 $ 0.44 $ 0.51 $ 1.59 $ 0.45 $ Diluted earnings per share: Income from continuing operations 1.26 $ 0.97 $ 1.09 $ 1.34 $ 0.31 $ 0.33 $ 0.44 $ 0.51 $ 1.58 $ 0.45 $ Loss from discontinued operation (0.02) (0.04) (0.04) - - - - - - - Net income 1.24 $ 0.93
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/20/2012 for the course MGMT 200 taught by Professor Greigg during the Fall '08 term at Purdue University.

Page1 / 7

Gap Quarterly Financial Summary - Quarterly Financial...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online