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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Jul. 30, 2011
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Jul. 31, 2010
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Jul. 30, 2011
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Jul. 31, 2010
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| Sales | $ 5,819,612 | $ 5,534,240 | $ 11,992,550 | $ 11,592,035 |
| Cost of goods sold and occupancy costs | 4,279,232 | 4,071,532 | 8,815,777 | 8,510,272 |
| Gross profit | 1,540,380 | 1,462,708 | 3,176,773 | 3,081,763 |
| Operating and other expenses: | ||||
| Selling, general and administrative | 1,246,047 | 1,158,025 | 2,516,821 | 2,378,493 |
| Amortization of intangibles | 16,194 | 14,886 | 33,486 | 30,285 |
| Integration and restructuring costs | 0 | 21,644 | 0 | 42,526 |
| Total operating and other expenses | 1,262,241 | 1,194,555 | 2,550,307 | 2,451,304 |
| Operating income | 278,139 | 268,153 | 626,466 | 630,459 |
| Other (expense) income: | ||||
| Interest income | 1,519 | 1,891 | 3,978 | 3,662 |
| Interest expense | (41,885) | (53,169) | (90,678) | (108,643) |
| Other expense | (369) | (4,604) | (557) | (5,235) |
| Consolidated income before income taxes | 237,404 | 212,271 | 539,209 | 520,243 |
| Income tax expense | 61,104 | 79,602 | 165,227 | 195,092 |
| Consolidated net income | 176,300 | 132,669 | 373,982 | 325,151 |
| (Loss) income attributed to the noncontrolling interests | (138) | 2,913 | (701) | 6,625 |
| Net income attributed to Staples, Inc. | $ 176,438 | $ 129,756 | $ 374,683 | $ 318,526 |
| Earnings Per Share: | ||||
| Basic earnings per common share (in dollars per share) | $ 0.25 | $ 0.18 | $ 0.53 | $ 0.44 |
| Diluted earnings per common share (in dollars per share) | $ 0.25 | $ 0.18 | $ 0.53 | $ 0.44 |
| Dividends declared per common share (in dollars per share) | $ 0.10 | $ 0.09 | $ 0.20 | $ 0.18 |
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- Definition
The cost of merchandise sold, inbound and outbound freight, receiving and distribution, and store and distribution center occupancy (including real estate taxes and common area maintenance.
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount charged against earnings in the period for incurred and estimated costs associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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