Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Dollar Tree Inc., consolidated income statement

US$ in thousands

12 months ended:	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Net sales	26,309,800)	25,508,400)	23,610,800)	22,823,300)	22,245,500)	20,719,200)
Cost of sales	(18,583,900)	(17,721,000)	(16,570,100)	(15,875,800)	(15,223,600)	(14,324,500)
Gross profit	7,725,900)	7,787,400)	7,040,700)	6,947,500)	7,021,900)	6,394,700)
Other revenue	11,400)	900)	—)	—)	—)	—)
Selling, general and administrative expenses, excluding Goodwill impairment and Receivable impairment	(5,925,900)	(5,900,400)	(5,465,500)	(5,160,000)	(5,004,300)	(4,689,900)
Goodwill impairment	—)	—)	(313,000)	(2,727,000)	—)	—)
Receivable impairment	—)	—)	—)	—)	(18,500)	—)
Selling, general and administrative expenses	(5,925,900)	(5,900,400)	(5,778,500)	(7,887,000)	(5,022,800)	(4,689,900)
Operating income (loss)	1,811,400)	1,887,900)	1,262,200)	(939,500)	1,999,100)	1,704,800)
Interest expense, net	(178,900)	(147,300)	(162,100)	(370,000)	(301,800)	(375,500)
Other income (expense), net	(300)	(800)	(1,400)	500)	6,700)	100)
Income (loss) before income taxes	1,632,200)	1,739,800)	1,098,700)	(1,309,000)	1,704,000)	1,329,400)
Provision for income taxes	(304,300)	(397,900)	(271,700)	(281,800)	10,300)	(433,200)
Net income (loss)	1,327,900)	1,341,900)	827,000)	(1,590,800)	1,714,300)	896,200)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Dollar Tree Inc. net sales increased from 2020 to 2021 and from 2021 to 2022.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Dollar Tree Inc. operating income (loss) increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Dollar Tree Inc. income (loss) before income taxes increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Dollar Tree Inc. net income (loss) increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

Dollar Tree Inc. (NASDAQ:DLTR)

Income Statement