Weighted average common shares for diluted earnings per share calculation (in thousands)
646,105
664,432
683,251
703,545
726,376
Diluted earnings per share from continuing operations
$
4.04
$
3.46
$
3.33
$
3.15
$
2.94
Cash dividends declared per share
$
1.25
$
1.04
$
0.84
$
0.70
$
0.58
Balance sheet data:
Cash and cash equivalents
$
2,758
$
2,930
$
2,095
$
2,494
$
2,150
Working capital
$
3,360
$
2,993
$
2,370
$
2,648
$
2,449
Total assets(3)
$
14,058
$
12,884
$
11,490
$
10,978
$
10,091
Capital expenditures
$
1,058
$
1,025
$
889
$
912
$
947
Long-term obligations(4)
$
2,231
$
2,228
$
1,615
$
1,613
$
1,267
Shareholders’ equity
$
5,148
$
4,511
$
4,307
$
4,264
$
4,230
Other financial data:
After-tax return on average shareholders’ equity
54.0
%
52.1
%
53.1
%
52.2
%
54.1
%
Total debt as a percentage of total capitalization(5)
30.2
%
33.1
%
27.3
%
27.4
%
23.1
%
Stores in operation:
4,070
3,812
3,614
3,395
3,219
Selling square footage (in thousands):
87,548
83,798
80,480
76,537
73,209
(1)
Fiscal 2018 includes an impairment charge of $99.3 million and a net benefit from the enactment of the 2017 Tax Act described in Item 7 under “Tax Cuts and Jobs Act of 2017.”
(2)
Fiscal 2017 includes a loss on early extinguishment of debt and a pension settlement charge.
(3)
Amounts adjusted to reflect the reclassification of debt issuance cost in accordance with ASU 2015-03. We reclassified $9 million, $11 million and $7 million of debt issuance cost from other assets to long-term obligations at January 30, 2016, January 31, 2015 and February 1, 2014, respectively. See Note A- Basis of Presentation and Summary of Accounting Policies of Notes to Consolidated Financial Statements for additional information.
(4)
Defined as long-term debt, exclusive of current installments and capital lease obligations, less the portion due within one year.
(5)
Defined as shareholders’ equity, short-term debt, long-term debt and capital lease obligations, including current maturities.
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