filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
| Fiscal Year Ended | |||||||||||||||||||||||||||||
| U.S. dollars in millions, except per share amounts | February 1, 2020 | February 2, 2019(a) | February 3, 2018(b) | January 28, 2017(a) | January 30, 2016 | ||||||||||||||||||||||||
| (53 Weeks) | |||||||||||||||||||||||||||||
| Income statement and per share data: | |||||||||||||||||||||||||||||
| Net sales | $ | 41,717 | $ | 38,973 | $ | 35,865 | $ | 33,184 | $ | 30,945 | |||||||||||||||||||
| Net income | $ | 3,272 | 3,060 | $ | 2,608 | $ | 2,298 | $ | 2,278 | ||||||||||||||||||||
| Weighted average common shares for diluted earnings per share calculation (in thousands) | 1,226,519 | 1,259,252 | 1,292,209 | 1,328,864 | 1,366,502 | ||||||||||||||||||||||||
| Diluted earnings per share | $ | 2.67 | $ | 2.43 | $ | 2.02 | $ | 1.73 | $ | 1.67 | |||||||||||||||||||
| Cash dividends declared per share | $ | 0.92 | $ | 0.78 | $ | 0.625 | $ | 0.52 | $ | 0.42 | |||||||||||||||||||
| Balance sheet data: | |||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 3,217 | $ | 3,030 | $ | 2,758 | $ | 2,930 | $ | 2,095 | |||||||||||||||||||
| Working capital(c) | $ | 1,740 | $ | 2,938 | $ | 3,360 | $ | 2,993 | $ | 2,370 | |||||||||||||||||||
| Total assets(c) | $ | 24,145 | $ | 14,326 | $ | 14,058 | $ | 12,884 | $ | 11,490 | |||||||||||||||||||
| Capital expenditures | $ | 1,223 | $ | 1,125 | $ | 1,058 | $ | 1,025 | $ | 889 | |||||||||||||||||||
| Long-term obligations(c), (d) | $ | 10,053 | $ | 2,234 | $ | 2,231 | $ | 2,228 | $ | 1,615 | |||||||||||||||||||
| Shareholders’ equity | $ | 5,948 | $ | 5,049 | $ | 5,148 | $ | 4,511 | $ | 4,307 | |||||||||||||||||||
| Other financial data: | |||||||||||||||||||||||||||||
| After-tax return on average shareholders’ equity | 59.5 | % | 60.1 | % | 54.0 | % | 52.1 | % | 53.1 | % | |||||||||||||||||||
| Total debt as a percentage of total capitalization(e) | 27.3 | % | 30.7 | % | 30.2 | % | 33.1 | % | 27.3 | % | |||||||||||||||||||
| Stores in operation | 4,529 | 4,306 | 4,070 | 3,812 | 3,614 | ||||||||||||||||||||||||
| Selling square footage (in thousands) | 94,648 | 91,075 | 87,548 | 83,798 | 80,480 |
(a)Fiscal 2019 and Fiscal 2017 include a pension settlement charge and Fiscal 2017 includes a loss on early extinguishment of debt.
(b)Fiscal 2018 includes an impairment charge of $99.3 million and a net benefit from the enactment of the 2017 Tax Act.
(c)On February 3, 2019, we adopted ASU 2016-02, Leases (Topic 842) using the modified retrospective method under ASU 2018-11, allowing us to not restate our prior period Consolidated Balance Sheets to reflect the new guidance. The adoption of the new lease standard significantly increased assets and current and long term liabilities on our Consolidated Balance Sheets as we recorded operating lease right of use assets and corresponding operating lease liabilities. For additional information, see Note L - Leases of Notes of Consolidated Financial Statements.
(d)Defined as long-term debt, exclusive of current installments, and in fiscal 2020 inclusive of long term operating lease liability.
(e)Defined as shareholders’ equity, short-term debt, and long-term debt including current maturities (and in fiscal 2020 exclusive of operating lease liabilities).
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