TRACTOR SUPPLY CO /DE/ TSCO Income Statement

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Net sales
8,351	7,911	7,256	6,779	6,226	5,711	5,164	4,664	4,232	3,638	3,206	3,007
Cost of merchandise sold
5,480	5,208	4,764	4,454	4,083	3,761	3,411	3,098	2,825	2,434	2,165	2,052
Gross profit
2,871	2,702	2,491	2,325	2,143	1,950	1,753	1,566	1,406	1,203	1,041	955
Depreciation and amortization
195	177	165	142	123	114	100	88	80	69	66	60
Selling, general and administrative expenses
1,932	1,823	1,639	1,488	1,369	1,246	1,138	1,040	973	867	784	715
Operating income
743	701	686	694	650	589	514	436	352	266	191	178
Interest expense, net
19	18	13	5	2	1	0	1	2	1	1	2
Income before income taxes
723	683	672	688	647	587	514	435	350	264	189	176
Income tax expense
161	151	249	251	237	216	185	159	127	96	70	68
Net income
562	532	422	437	410	370	328	276	222	167	119	107
Net income per share – basic
4.70	4.34	3.31	3.29	3.03	2.69	2.35	1.94	1.55	2.31	1.66	1.47
Net income per share – diluted
4.66	4.31	3.30	3.27	3.00	2.66	2.32	1.90	1.51	2.25	1.63	1.44
Weighted average shares outstanding:
Basic
119	122	127	132	135	137	139	142	143	72	71	0
Diluted
120	123	128	133	136	139	141	145	147	74	73	0
Dividends declared per common share outstanding
1.36	1.20	1.05	0.92	0.76	0.61	0.49	0.36	0.22	0.28	0.00	0.00