Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.3.1.900
Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Jan. 30, 2016
Jan. 31, 2015
Feb. 01, 2014
Income Statement [Abstract]      
Net sales $ 27,079 $ 28,105 $ 27,931
Cost of sales (16,496) (16,863) (16,725)
Gross margin 10,583 11,242 11,206
Selling, general and administrative expenses (8,256) (8,355) (8,440)
Impairments, store closing and other costs (288) (87) (88)
Operating income (loss) 2,039 2,800 2,678
Interest expense (363) (395) (390)
Premium on early retirement of debt 0 (17) 0
Interest income 2 2 2
Income (loss) before income taxes 1,678 2,390 2,290
Federal, state and local income tax expense (608) (864) (804)
Net income 1,070 1,526 1,486
Net loss attributable to noncontrolling interest 2 0 0
Net income attributable to Macy's, Inc. shareholders $ 1,072 $ 1,526 $ 1,486
Basic earnings per share attributable to Macy's, Inc. shareholders $ 3.26 $ 4.30 $ 3.93
Diluted earnings per share attributable to Macy's, Inc. shareholders $ 3.22 $ 4.22 $ 3.86