Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

The following table presents a summary of our selected financial data for the fiscal years ended February 3, 2018, January 28, 2017, January 30, 2016, January 31, 2015, and February 1, 2014. Fiscal 2017 included 53 weeks, commensurate with the retail calendar, while all other fiscal years reported in the table contain 52 weeks. The selected income statement and balance sheet data have been derived from our consolidated financial statements that have been audited by our independent registered public accounting firm. This information should be read in conjunction with the consolidated financial statements and related notes, "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and our financial information found elsewhere in this report.

As a result of the acquisition of Family Dollar on July 6, 2015, the income statement data below for the year ended January 30, 2016 includes the results of operations of Family Dollar since that date. In addition, the balance sheet information below includes the Family Dollar assets acquired and liabilities assumed for periods after the July 6, 2015 acquisition date.

Comparable store net sales compares net sales for stores open before December of the year prior to the two years being compared, including expanded stores. Both our Dollar Tree stores and our acquired Family Dollar stores are included in the comparable store net sales calculation for the year ended February 3, 2018. For all prior years, only our Dollar Tree stores are included in the comparable store net sales calculation. Net sales per store and net sales per selling square foot are calculated for stores open throughout the period presented.

As a result of the enactment of the Tax Cuts and Jobs Act (“TCJA”) in 2017, "Net income" and "Diluted net income per share" for the year ended February 3, 2018 increased by $583.7 million and $2.45 per share, respectively.

Amounts in the following tables are in millions, except per share data, number of stores data, net sales per selling square foot data and inventory turns.



	Year Ended
	February 3, 2018			January 28, 2017			January 30, 2016			January 31, 2015			February 1, 2014
Income Statement Data:
Net sales	$	22,245.5		$	20,719.2		$	15,498.4		$	8,602.2		$	7,840.3
Gross profit	7,021.9			6,394.7			4,656.7			3,034.0			2,789.8
Selling, general and administrative expenses	5,022.8			4,689.9			3,607.0			1,993.8			1,819.5
Operating income	1,999.1			1,704.8			1,049.7			1,040.2			970.3
Net income	1,714.3			896.2			282.4			599.2			596.7
Margin Data (as a percentage of net sales):
Gross profit	31.6		%	30.8		%	30.1		%	35.3		%	35.6		%
Selling, general and administrative expenses	22.6		%	22.6		%	23.3		%	23.2		%	23.2		%
Operating income	9.0		%	8.2		%	6.8		%	12.1		%	12.4		%
Net income	7.7		%	4.3		%	1.8		%	7.0		%	7.6		%
Per Share Data:
Diluted net income per share	$	7.21		$	3.78		$	1.26		$	2.90		$	2.72
Diluted net income per share increase (decrease)	90.7		%	200.0		%	(56.6		)%	6.6		%	1.5		%



	As of
	February 3, 2018			January 28, 2017			January 30, 2016			January 31, 2015			February 1, 2014
Balance Sheet Data:
Cash and cash equivalents and short-term investments	$	1,097.8		$	870.4		$	740.1		$	864.1		$	267.7
Working capital	1,717.2			1,832.1			1,840.5			1,133.0			692.2
Total assets	16,332.8			15,701.6			15,901.2			3,492.7			2,767.7
Total debt, including capital lease obligations	5,732.7			6,391.8			7,465.5			757.0			769.8
Shareholders' equity	7,182.3			5,389.5			4,406.9			1,785.0			1,170.7

	Year Ended
	February 3, 2018			January 28, 2017			January 30, 2016			January 31, 2015			February 1, 2014
Selected Operating Data:
Number of stores open at end of period	14,835			14,334			13,851			5,367			4,992
Dollar Tree	6,650			6,360			5,954			5,367			4,992
Family Dollar	8,185			7,974			7,897			—			—
Gross square footage at end of period	143.9			138.8			132.1			58.3			54.3
Dollar Tree	71.6			68.5			64.2			58.3			54.3
Family Dollar	72.3			70.3			67.9			—			—
Selling square footage at end of period	116.6			112.4			108.4			46.5			43.2
Dollar Tree	57.3			54.7			51.3			46.5			43.2
Family Dollar	59.3			57.7			57.1			—			—
Selling square footage annual growth(2)	3.7		%	3.7		%	10.3		%	7.4		%	6.9		%
Net sales annual growth(1)	7.4		%	8.6		%	8.5		%	9.7		%	6.0		%
Comparable store net sales increase(1)	1.9		%	1.8		%	2.1		%	4.3		%	2.4		%
Net sales per selling square foot(2)	$	194		$	188		$	191		$	192		$	187
Net sales per store(2)	$	1.5		$	1.5		$	1.6		$	1.7		$	1.6
Selected Financial Ratios:
Return on assets(2)	10.7		%	5.7		%	11.4		%	19.1		%	21.6		%
Return on equity(2)	27.3		%	18.3		%	31.5		%	40.5		%	42.1		%
Inventory turns(2)	4.4			4.1			4.5			4.4			4.1

(1) Family Dollar was only included in the determination of these items for the year ended February 3, 2018

(2) Family Dollar was only included in the determination of these items for the years ended February 3, 2018 and January 28, 2017

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