(Dollars in millions, except per share data)
| |
|
2011 |
|
2010 |
|
 |
| Net sales |
|
$ 26,405 |
|
$ 25,003 |
|
|
| Operating income |
|
$ 2,411 |
|
$ 1,894 |
|
|
| Percent to sales |
|
9.1 |
% |
7.6 |
% |
|
Add back (deduct) impact of gain on sale of
properties, impairments and store closing costs |
|
(25) |
|
25 |
|
|
| Operating income, excluding certain items |
|
$ 2,386 |
|
$ 1,919 |
|
|
| Percent to sales |
|
9.0 |
% |
7.7 |
% |
|
|
| Diluted earnings per share |
|
$ 2.92 |
|
$ 1.98 |
|
|
Add back (deduct) impact of gain on sale of
properties, impairments and store closing costs |
|
(0.04) |
|
0.04 |
|
|
Add back expenses associated with the
early retirement of debt |
|
- |
|
0.09 |
|
|
| Diluted earnings per share, excluding certain items |
|
$ 2.88 |
|
$ 2.11 |
|
|
| Net cash provided by operating activities |
|
$ 2,093 |
|
$ 1,506 |
|
|
| Net cash used by investing activities |
|
(617 |
) |
(465 |
) |
|
| Cash flow from operating activities net of cash used by investing activities |
|
$ 1,476 |
|
$ 1,041 |
|
|
The foregoing financial information, including non-GAAP measures that exclude certain items, should be read in
conjunction with the audited financial statements, including the related notes and other information contained in
the company's most recent Securities and Exchange filings.
|
|