| Schedule of Segment Reporting Information |
Information for the Company’s segments, as well as for Corporate and support, including the reconciliation to Income (loss) before income taxes, is as follows:
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Year Ended |
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February 1, |
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February 2, |
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February 3, |
(in millions) |
|
2020 |
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2019 |
|
2018 |
Consolidated Statements of Operations Data: |
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Net sales: |
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Dollar Tree |
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$ |
12,507.9 |
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$ |
11,712.1 |
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$ |
11,164.4 |
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Family Dollar |
|
11,102.9 |
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|
11,111.2 |
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|
11,081.1 |
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Consolidated Net sales |
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$ |
23,610.8 |
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$ |
22,823.3 |
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$ |
22,245.5 |
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Gross profit: |
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Dollar Tree |
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$ |
4,342.9 |
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$ |
4,137.5 |
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$ |
3,998.5 |
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Family Dollar |
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2,697.8 |
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2,810.0 |
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3,023.4 |
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Consolidated Gross profit |
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$ |
7,040.7 |
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$ |
6,947.5 |
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$ |
7,021.9 |
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Operating income (loss): |
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Dollar Tree |
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$ |
1,657.8 |
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$ |
1,645.9 |
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$ |
1,616.8 |
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Family Dollar |
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(81.0 |
) |
|
(2,320.0 |
) |
|
630.0 |
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Corporate and support |
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(314.6 |
) |
|
(265.4 |
) |
|
(247.7 |
) |
Consolidated Operating income (loss) |
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1,262.2 |
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(939.5 |
) |
|
1,999.1 |
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Interest expense, net |
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162.1 |
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|
370.0 |
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|
301.8 |
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Other expense (income), net |
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1.4 |
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(0.5 |
) |
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(6.7 |
) |
Income (loss) before income taxes |
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$ |
1,098.7 |
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$ |
(1,309.0 |
) |
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$ |
1,704.0 |
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Depreciation and amortization expense: |
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Dollar Tree |
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$ |
277.7 |
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$ |
254.0 |
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$ |
241.1 |
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Family Dollar |
|
339.1 |
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|
346.5 |
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|
356.1 |
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Corporate and support |
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28.9 |
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20.9 |
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14.3 |
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Consolidated depreciation and amortization expense |
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$ |
645.7 |
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$ |
621.4 |
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$ |
611.5 |
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As of |
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February 1, |
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February 2, |
(in millions) |
|
2020 |
|
2019 |
Consolidated Balance Sheet Data: |
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Goodwill: |
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Dollar Tree |
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$ |
423.8 |
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$ |
376.5 |
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Family Dollar |
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1,559.5 |
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1,920.1 |
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Consolidated Goodwill |
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$ |
1,983.3 |
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$ |
2,296.6 |
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Total assets: |
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Dollar Tree |
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$ |
7,694.0 |
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$ |
3,992.6 |
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Family Dollar |
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11,484.9 |
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|
9,144.7 |
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Corporate and support |
|
395.7 |
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|
363.9 |
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Consolidated Total assets |
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$ |
19,574.6 |
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$ |
13,501.2 |
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Additions to property, plant and equipment: |
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Dollar Tree |
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$ |
547.5 |
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$ |
455.6 |
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Family Dollar |
|
425.2 |
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|
251.0 |
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Corporate and support |
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62.1 |
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|
110.5 |
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Consolidated additions to property, plant and equipment |
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$ |
1,034.8 |
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$ |
817.1 |
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| Disaggregation of Revenue |
The following table summarizes net sales by merchandise category for the Company’s segments:
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Year Ended |
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|
February 1, |
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February 2, |
|
February 3, |
(in millions) |
|
2020 |
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2019 |
|
2018 |
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Dollar Tree segment net sales by
merchandise category:
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Consumable |
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$ |
6,155.3 |
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49.2 |
% |
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$ |
5,703.8 |
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48.7 |
% |
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$ |
5,470.6 |
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49.0 |
% |
Variety |
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5,732.1 |
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45.8 |
% |
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5,457.8 |
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46.6 |
% |
|
5,169.1 |
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46.3 |
% |
Seasonal |
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620.5 |
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5.0 |
% |
|
550.5 |
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4.7 |
% |
|
524.7 |
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|
4.7 |
% |
Total Dollar Tree segment net sales |
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$ |
12,507.9 |
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|
100.0 |
% |
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$ |
11,712.1 |
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|
100.0 |
% |
|
$ |
11,164.4 |
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|
100.0 |
% |
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Family Dollar segment net sales by
merchandise category:
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Consumable |
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$ |
8,604.7 |
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77.5 |
% |
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$ |
8,466.7 |
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76.2 |
% |
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$ |
8,344.1 |
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75.3 |
% |
Home products |
|
866.0 |
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7.8 |
% |
|
911.1 |
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8.2 |
% |
|
930.8 |
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8.4 |
% |
Apparel and accessories |
|
644.0 |
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5.8 |
% |
|
700.0 |
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6.3 |
% |
|
731.3 |
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6.6 |
% |
Seasonal and electronics |
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988.2 |
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8.9 |
% |
|
1,033.4 |
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9.3 |
% |
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1,074.9 |
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9.7 |
% |
Total Family Dollar segment net sales |
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$ |
11,102.9 |
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100.0 |
% |
|
$ |
11,111.2 |
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|
100.0 |
% |
|
$ |
11,081.1 |
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|
100.0 |
% |
|