RO

Company Name

Condensed Conso

(Dollars in 000)

1Q-2011

Period

(Feb'11-April'11)

2Q-2011
(May'11-July"11)

3Q-2011
(Aug'11-Oct'11)

4Q-2011

FY-2011

(Nov'11-Feb'12)

Revenues
Net sales

$2,074,576

$2,089,410

$2,046,427

$2,397,878

$8,608,291

y-o-y change, %
Membership and other
income
y-o-y change, %

7.23%

9.29%

9.18%

11.78%

9.44%

Total revenues
y-o-y change, %

$2,074,576
7.23%

$2,089,410
9.29%

$2,046,427
9.18%

$2,397,878
11.78%

$8,608,291
9.44%

$1,481,206
71.40%

$1,524,307
72.95%

$1,490,213
72.82%

$1,745,034
72.77%

$6,240,760
72.50%

$309,160
14.90%

$320,885
15.36%

$332,226
16.23%

$341,794
14.25%

$1,304,065
15.15%

Operating income (EBIT)

Operating Margin, %

$284,210
13.70%

$244,218
11.69%

$223,988
10.95%

$311,050
12.97%

$1,063,466
12.35%

Interest expense, net

Income before income
taxes
PBT Margin, %
Provision for income taxes
Income tax rate, %

$2,495

$2,569

$2,565

$2,693

$10,322

$281,715
13.58%
$108,742
38.60%

$241,649
11.57%
$93,373
38.64%

$221,423
10.82%
$77,454
34.98%

$308,357
12.86%
$116,405
37.75%

$1,053,144
12.23%
$395,974
37.60%

$172,973

$148,276

$143,969

$191,952

$657,170

$0
$172,973
8.34%

$0
$148,276
7.10%

$0
$143,969
7.04%

$0
$191,952
8.01%

$0
$657,170
7.63%

$0
$0
$0

$0.22

$0.22

$0.25

$0.47

$1.51
$1.48

$1.30
$1.28

$1.28
$1.26

$0.86
$0.85

$2.91
$2.86

114764

113652

112270

222288

225915

116773

115588

114230

226511

229982

Costs and expenses

Cost of goods sold
% of revenues
Operating, selling, general
and administrative expenses
% of revenues

Income from continuing

operations
Income (loss) from
discontinued operations, net
of income taxes
Consolidated net income
Net Income Margin, %
Dividend Payable
Dividend per common share
Dividend payout ratio
Shares
EPS (basic)
EPS(diluted)
Weighted-average common
shares outstanding: Basic
Weighted-average common
shares outstanding: Diluted

ROSS STORES INC.

Condensed Consolidated Statements of Income

1Q-2012

2Q-2012

3Q-2012

4Q-2012

FY-2012

1Q-2013

2Q-2013

(Feb'12-April'12)

(May'12-July'12)

(Aug'12-Oct'12)

(Nov'12-Feb'13)

$2,356,841

$2,340,855

$2,262,723

$2,760,646

$9,721,065

$2,539,914

$2,551,277

13.61%

12.03%

10.57%

15.13%

12.93%

7.77%

8.99%

$2,356,841
13.61%

$2,340,855
12.03%

$2,262,723
10.57%

$2,760,646
15.13%

$9,721,065
12.93%

$2,539,914
7.77%

$2,551,277
8.99%

$1,679,127
71.24%

$1,689,643
72.18%

$1,648,997
72.88%

$1,993,661
72.22%

$7,011,428
72.13%

$1,798,811
70.82%

$1,823,777
71.48%

$337,811
14.33%

$352,089
15.04%

$357,983
15.82%

$390,003
14.13%

$1,437,886
14.79%

$361,968
14.25%

$381,193
14.94%

$339,903
14.42%

$299,123
12.78%

$255,743
11.30%

$376,982
13.66%

$1,271,751
13.08%

$379,135
14.93%

$346,307
13.57%

$2,232

$2,086

$1,643

$946

$6,907

$209

($175)

$337,671
14.33%
$129,058
38.22%

$297,037
12.69%
$115,013
38.72%

$254,100
11.23%
$94,576
37.22%

$376,036
13.62%
$139,434
37.08%

$1,264,844
13.01%
$478,081
37.80%

$378,926
14.92%
$144,314
38.09%

$346,482
13.58%
$133,361
38.49%

$208,613

$182,024

$159,524

$236,602

$786,763

$234,612

$213,121

$0
$208,613
8.85%

$0
$182,024
7.78%

$0
$159,524
7.05%

$0
$236,602
8.57%

$0
$786,763
8.09%

$0
$234,612
9.24%

$0
$213,121
8.35%

$0

$0.14

$0.14

$0.31

$0.59

$0

$0.17

$0.94
$0.93

$0.83
$0.81

$0.73
$0.72

$1.09
$1.07

$3.59
$3.53

$1.09
$1.07

$1.00
$0.98

221104

220065

218583

216936

219130

215408

213836

224929

223605

222185

220508

222784

218496

216613

(Feb'13-April'13) (May'13-July'13)

Company Name

Condensed

(Dollars in 000)

1Q-2011
30th April

2Q-2011
31st July

3Q-2011
31st Oct

4Q-2011
28th Feb

FY-2011
28th Feb

$671,005
$3,275
$61,683
$1,172,716
$72,900
$15,662

$512,716
$959
$57,943
$1,189,523
$93,358
$15,363

$552,924
$298
$62,384
$1,233,616
$88,964
$19,914

$649,835
$658
$50,848
$1,130,070
$87,362
$5,598

$649,835
$658
$50,848
$1,130,070
$87,362
$5,598

$0

$0

$0

$0

As on
Assets
Current assets
Cash and cash equivalents
Short term investment
Receivables, net
Inventories
Prepaid expenses and other
Deferred income tax,net
Current assets of discontinued
operations
Total current assets
Non-Current assets
Property and equipment
Land and buildings
Fixtures and equipment
Leasehold improvements
Construction-in-progress
Property at cost
Less accumulated depreciation
Property and equipment, net
Long term investment
Other long term investments
Other assets and deferred charges
Total non-current assets
Total assets
Liabilities & Equity
Current liabilities
Payables,net
Accrued expenses and other
Accured payroll and benefits
Income taxes payable

$1,997,241

$1,869,862

$1,958,100

$241,184
$1,281,902
$595,050
$85,609
$2,203,745
$1,198,071
$1,005,674

$261,937
$1,299,867
$608,895
$102,051
$2,272,750
$1,230,071
$1,042,679

$265,829
$1,375,623
$628,202
$79,191
$2,348,845
$1,260,601
$1,088,244

$338,027
$1,408,647
$657,312
$131,881
$2,535,867
$1,294,145
$1,241,722

$338,027
$1,408,647
$657,312
$131,881
$2,535,867
$1,294,145
$1,241,722

$12,191
$6,243
$5,984
$5,602
$86,888
$136,491
$129,616
$129,514
$0
$0
$0
$0
$1,104,753
$1,185,413
$1,223,844
$1,376,838

$5,602
$129,514
$0
$1,376,838

$3,101,994

$742,600
$265,586
$141,268
$89,340

Total current liabilities

Non-Current liabilities
Long-term debt
Other long-term liabilities
Long term deferred income
taxes,net
Commitments and Contingencies
Total non-current liabilities

$3,055,275

$709,143
$270,636
$184,952
$0

$1,238,794

$150,000
$200,575

$3,181,944

$759,708
$290,498
$217,238
$1,628

$1,164,731

$150,000
$198,234

$1,269,072

$150,000
$204,105

$3,301,209

$761,717
$304,654
$248,552
$31,129

$3,301,209

$761,717
$304,654
$248,552
$31,129

$1,346,052 $1,346,052

$150,000
$203,625

$150,000
$203,625

$106,519
$116,381
$111,516
$108,520
$108,520
$0
$0
$0
$0
$0
$457,094.00
$464,615.00
$465,621.00
$462,145
$462,145

Total Liabilities
Equity
Common stock
Additional paidin capital
Treasury stock
Retained earnings
Accumulated other comprehensive
income
Total Ross Stores's shareholders
equity

$0
$1,924,371 $1,924,371

$1,695,888

$1,629,346

$1,734,693

$1,808,197 $1,808,197

$1,171
$759,048
-$59,245
$704,647

$1,158
$767,907
-$60,565
$716,858

$1,145
$777,425
-$61,910
$730,056

$2,269
$788,895
-$62,262
$763,475

$2,269
$788,895
-$62,262
$763,475

$485

$571

$535

$635

$635

$1,406,106

$1,425,929

$1,447,251

$1,493,012 $1,493,012

Total liabilities and equity

Check

$3,101,994
-

$3,055,275
-

$3,181,944
-

$3,301,209 $3,301,209
-

BS Drivers
Receivables, net
Receivables turnover
Day sales outstanding
Inventories
Inventories turnover
Day inventories outstanding
Accounts payable
Accounts payable turnover
Day accounts payable outstanding

$61,683
67
3

$57,943
72
2

$62,384
66
3

$50,848
94
2

$50,848
339
1

$1,172,716
2
51

$1,189,523
2
51

$1,233,616
2
54

$1,130,070
2
42

$1,130,070
8
12

$742,600
3
32

$709,143
3
31

$759,708
3
33

$761,717
3
29

$761,717
11
8

ROSS STORES INC.

Condensed Consolidated Balance sheet

1Q-2012
30th April

2Q-2012
31st July

3Q-2012
31st Oct

4Q-2012
28th Feb

FY-2012
28th Feb

$741,117
$463
$66,632
$1,134,703
$104,216
$11,854

$721,046
$1,456
$65,731
$1,219,092
$98,718
$11,949

$623,822
$1,533
$68,493
$1,342,904
$102,609
$11,509

$646,761
$1,087
$59,617
$1,209,237
$94,318
$20,407

$646,761
$1,087
$59,617
$1,209,237
$94,318
$20,407

$714,174
$1,038
$77,284
$1,226,449
$111,405
$22,846

$550,565
$13
$79,202
$1,330,536
$115,025
$23,136

$0

$0

$0

$0

$0

$0

$0

$2,058,985

$2,117,992

$2,150,870

$2,031,427

$342,356
$1,471,471
$675,796
$83,291
$2,572,914
$1,326,313
$1,246,601

$343,638
$1,495,980
$690,608
$126,748
$2,656,974
$1,361,877
$1,295,097

$345,892
$1,543,117
$712,672
$156,187
$2,757,868
$1,405,702
$1,352,166

$372,659
$1,551,590
$732,671
$258,691
$2,915,611
$1,422,327
$1,493,284

1Q-2013
30th April

$2,031,427

2Q-2013
31st July

$2,153,196

$2,098,477

$372,659 $373,073
$1,551,590 $1,575,927
$732,671 $759,232
$258,691
$280,062
$2,915,611
$2,988,294
$1,422,327
$1,461,730
$1,493,284
$1,526,564

$449,604
$1,593,123
$773,020
$339,714
$3,155,461
$1,509,004
$1,646,457

$5,614
$4,540
$4,397
$4,374
$4,374
$4,302
$4,215
$146,286
$142,534
$140,504
$141,476
$141,476
$158,699
$159,336
$0
$0
$0
$0
$0
$0
$0
$1,398,501
$1,442,171
$1,497,067
$1,639,134
$1,639,134
$1,689,565
$1,810,008
$3,457,486

$830,044
$284,108
$148,770
$107,715
$1,370,637

$150,000
$211,777

$3,560,163

$3,647,937

$885,892
$315,748
$199,937
$13,559

$886,629
$352,484
$227,475
$0

$1,415,136

$150,000
$215,910

$3,670,561

$807,534
$320,415
$241,129
$53,504

$1,466,588

$150,000
$223,477

$1,422,582

$150,000
$246,815

$3,670,561

$807,534
$320,415
$241,129
$53,504

$3,842,761

$859,595
$328,690
$168,088
$110,829

$1,422,582

$150,000
$246,815

$3,908,485

$938,059
$342,851
$190,904
$0

$1,467,202

$150,000
$261,301

$1,471,814

$150,000
$270,776

$114,437
$114,964
$110,137
$84,925
$84,301
$84,301
$88,997
$0
$0
$0
$0
$0
$0
$0
$476,214
$480,874
$483,614
$481,116
$481,116
$500,298
$505,701
$1,846,851

$1,896,010

$1,950,202

$1,903,698

$1,903,698

$1,967,500

$1,977,515

$2,258
$826,388
-$85,385
$866,748

$2,241
$839,259
-$86,865
$908,866

$2,226
$854,703
-$90,989
$931,151

$2,207
$866,519
-$91,708
$989,260

$2,207
$866,519
-$91,708
$989,260

$2,189
$897,789
-$117,556
$1,092,253

$2,170
$910,522
-$118,460
$1,136,299

$626

$652

$644

$585

$585

$586

$439

$1,610,635 $1,664,153

$1,697,735

$1,766,863

$1,766,863

$1,875,261

$1,930,970

$3,457,486 $3,560,163
-

$3,647,937
-

$3,670,561
-

$3,670,561
-

$3,842,761
-

$3,908,485
-

$66,632
71
3

$65,731
71
3

$68,493
66
3

$59,617
93
2

$59,617
326
1

$77,284
66
3

$79,202
64
3

$1,134,703
2
43

$1,219,092
2
47

$1,342,904
2
53

$1,209,237
2
39

$1,209,237
8
11

$1,226,449
2
43

$1,330,536
2
47

$830,044
3
32

$885,892
3
34

$886,629
3
35

$807,534
3
26

$807,534
12
7

$859,595
3
30

$938,059
3
33

Company Name

(Dollars in 000)
Period

C
1Q-2011
(Feb'11-April'11)

Cash flows from operating activities

Net earnings
Adjustments to reconcile consolidated net
income to net cash provided by operating
activities:Depreciation and amortization
Stock-based compensation
Deferred income taxes
Tax benefit from equity issuance
Excess tax benefit from stock-based
compensation
Changes in certain assets and liabilities
Inventories
Other current asset
Accounts payable
Other current liabilities
Other long term , net

$172,973

Purchases of investments

$143,969

$191,952

$37,482
$9,386
$10,161
$2,315

$39,921
$11,131
-$9,416
$1,737

$42,555
$9,993
$11,320
$4,967

-$9,727

-$2,102

-$1,533

-$4,818

-$85,799
-$25,392
$1,120
-$80,429
-$1,201

-$16,807
$3,128
-$33,458
-$39,477
$1,710

-$44,093
-$1,881
$50,565
$53,945
$7,681

$103,546
$13,816
-$29,841
$63,852
-$928

$41,051

$120,614

-$70,096
$0
$0
$1,814
-$68,282

Proceeds from investments

Net cash used in investing activities
Cash flows from financing activities
Excess tax benefit from stock-based
$9,727
compensation
Proceeds from issuance of common stock related
to stock plans
Treasury stock purchased
Repurchase of common stock
Dividends paid
Net cash used in financing activities
Net (decrease) increase in cash and cash
equivalents

$148,276

4Q-2011
(Nov'11-Feb'12)

$39,934
$9,894
$9,657
$10,021

Net cash provided by operating activities

Cash flows from investing activities
Additions to property and equipment
Increase in restricted cash and investments

2Q-2011
3Q-2011
(May'11-July"11) (Aug'11-Oct'11)

$5,827
-$12,837
-$112,500
-$25,905
-$135,688

$252,026

$406,414

-$75,624

-$85,629

-$73,465
$0

$6,960

-$184,922
$6,419

$8,354
-$140,735

$0
$797
-$77,872

$0
-$6,376
-$184,879

$2,102

$1,533

$4,818

$4,495
-$1,320
-$117,727
-$25,718
-$138,168

$3,738
-$1,345
-$112,506
-$25,366
-$133,946

$3,230
-$352
-$107,267
-$25,053
-$124,624

-$162,919

-$158,289

$40,208

$96,911

Cash and cash equivalents:

Beginning of period
End of period

$833,924
$671,005

Supplemental Cash Flow Disclosures

Interest paid
Income taxes paid

$671,005
$512,716
-

$512,716
$552,924
-

$552,924
$649,835
-

$0
$54,705

$4,834
$170,560

$0
$75,559

$4,834
$69,250

-$4

$132

-$56

$154

Non-Cash Investing Activities

(Decrease) increase in fair value of investment
securities

Free Cash Flow

EBIT
Less: Tax
Tax Rate
NOPLAT

$284,210
$108,742
38.3%
$175,468

$244,218
$93,373
38.2%
$150,845

$223,988
$77,454
34.6%
$146,534

$311,050
$116,405
37.4%
$194,645

Add: Depreciation
Less: Capital Expenditure
Less: Changes in Working Capital
Free Cash Flow to Firm
y-o-y change, %

$39,934

$37,482

$39,921

$42,555

-$191,701
$23,701

-$84,904
$103,423

$66,217
$252,672

$150,445
$387,645

ROSS STORES INC.

Condensed Consolidated Cash flow statement

FY-2011

$657,170

1Q-2012
(Feb'12-April'12)

2Q-2012
(May'12-July'12)

$208,613

3Q-2012
4Q-2012
(Aug'12-Oct'12) (Nov'12-Feb'13)

$182,024

$159,524

$236,602

FY-2012

$786,763

1Q-2013
(Feb'13-April'13)
$234,612

$159,892
$40,404
$21,722
$19,040

$43,136
$11,587
-$339
$23,123

$44,548
$12,654
$432
$1,454

$46,140
$13,139
-$4,387
$3,137

$51,667
$11,572
-$34,734
$2,275

$185,491
$48,952
-$39,028
$29,989

$48,726
$11,788
$2,257
$20,341

-$18,180

-$22,662

-$1,322

-$3,013

-$2,106

-$29,103

-$20,114

-$43,153
-$10,329
-$11,614
-$2,109
$7,262

-$4,633
-$28,890
$100,177
-$33,792
$1,010

-$84,389
$4,045
$55,849
-$10,289
$1,827

-$123,812
-$7,495
$737
$50,709
$7,428

$133,667
$17,866
-$116,654
$11,518
$21,701

-$79,167
-$14,474
$40,109
$18,146
$31,966

-$17,212
-$31,197
$89,620
$8,077
$5,961

$820,105

$297,330

-$416,271

-$57,993

-$60,086

-$13,410

$0
$4,589
-$471,768

$206,833

$142,107

$333,374

$979,644

$352,859

-$94,112
$8,440

-$103,227
$2,958

-$169,102
-$95

-$424,434

-$424
$618
-$71,209

$0

$0

-$5,006

$86

$105
-$100,164

$5,438
-$168,765

$0
-$5,430
$6,247
$107
-$425,724
-$109,699

$18,180

$22,662

$1,322

$3,013

$2,106

$29,103

$20,114

$17,290
-$15,854
-$450,000
-$102,042
-$532,426

$7,955
-$23,123
-$110,614
-$31,719
-$134,839

$3,512
-$1,480
-$113,129
-$31,543
-$141,318

$3,850
-$4,124
-$110,614
-$31,292
-$139,167

$3,726
-$719
-$115,643
-$31,140
-$141,670

$19,043
-$29,446
-$450,000
-$125,694
-$556,994

$5,766
-$25,848
-$138,304
-$37,475
-$175,747

-$184,089

-$85,586

$91,282

$833,924
$649,835

$649,835
$741,117

$9,668
$370,074

$0
$30,258

-$20,071
$741,117
$721,046

-$97,224
$721,046
$623,822

$4,834
$205,002

-$2,107

$22,939
$623,822
$646,761

$0
$109,426

$4,834
$91,122

$226

$1,063,466
$395,974
37.2%
$667,492

$339,903
$129,058
38.0%
$210,845

$299,123
$115,013
38.5%
$184,110

$255,743
$94,576
37.0%
$161,167

$376,982
$139,434
37.0%
$237,548

-$97,552
-$12,254

-$3,074

$67,413

$649,835
$646,761

$646,761
$714,174

$9,668
$435,808

$0
$59,232

226

$2

$1,271,751
$478,081
37.6%
$793,670

$379,135
$144,314
38.1%
$234,821

$159,892

$43,136

$44,548

$46,140

$51,667

$185,491

$48,726

-$59,943
$767,441

$33,872
$287,853

-$32,957
$195,701

-$72,433
$134,874

$68,098
$357,313

-$3,420
$975,741

$55,249
$338,796

2Q-2013
(May'13-July'13)

FY-2013

1Q-2014

2Q-2014

$213,121

$50,127
$12,423
-$4,362
$2,203
-$2,009
-$104,087
-$5,554
$78,464
-$69,647
$8,790
$179,469

-$174,138
-$91
$0
$1,032
-$173,197
$2,009
$4,447
-$904
-$138,304
-$37,129
-$169,881
-$163,609
$714,174
$550,565
$4,834
$245,808

-$229
-

$346,307
$133,361
38.5%
$212,946

3Q-2014

4Q-2014

FY-2014

$50,127
-$92,034
$171,039

FY-2015

FY-2016

FY-2017

FY-2018