FAMILY DOLLAR STORES INC

CIK:0000034408|SEC Filings

Consolidated Condensed Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	May. 30, 2015	May. 31, 2014	May. 30, 2015	May. 31, 2014
Income Statement [Abstract]
Net Sales	$ 2,728,176	$ 2,658,964	$ 8,082,866	$ 7,875,276
Cost of Goods Sold	1,785,011	1,746,625	5,355,667	5,203,802
Other Restructuring Costs	0	1,486	0	1,486
Selling, General and Administrative Expense	812,190	767,049	2,390,926	2,265,608
Restructuring Charges	0	22,996	0	22,996
Business Combination, Acquisition Related Costs	4,690	0	21,781	0
Cost of sales and operating expenses	2,601,891	2,538,156	7,768,374	7,493,892
Operating profit	126,285	120,808	314,492	381,384
Investment Income, Net	43	58	143	162
Interest Expense	6,795	7,959	21,812	22,256
Other income	8,470	8,400	24,409	23,334
Income before income taxes	128,003	121,307	317,232	382,624
Income taxes	48,060	40,160	119,206	132,581
Net income	$ 79,943	$ 81,147	$ 198,026	$ 250,043
Net income per common share-basic	$ 0.70	$ 0.71	$ 1.73	$ 2.19
Weighted Average Number of Shares Outstanding, Basic	114,511	113,829	114,378	114,066
Net income per common share - diluted	$ 0.70	$ 0.71	$ 1.73	$ 2.18
Weighted Average Number of Shares Outstanding, Diluted	114,755	114,150	114,636	114,458
Common Stock, Dividends, Per Share, Declared	$ 0.00	$ 0.31	$ 0.31	$ 0.83

Consolidated Condensed Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	May. 30, 2015	May. 31, 2014
Cash flows from operating activities:
Net income	$ 198,026	$ 250,043
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	214,198	195,671
Increase (Decrease) Sale Leaseback Transaction, Deferred Gain, Net	(14,244)	(12,642)
Asset Impairment Charges	0	19,041
Increase(Decrease)InLeaseObligationsforClosedStoresDueToRestructuring	(13,613)	0
Payments for Merger Related Costs	(15,249)	0
Increase (Decrease) in Deferred Income Taxes	92,673	9,190
Excess tax benefits from stock-based compensation	(3,722)	(5,510)
Stock-based compensation	8,165	12,639
Loss on disposition of property and equipment, including impairment	4,593	8,335
Changes in operating assets and liabilities:
Merchandise inventories	(21,993)	(124,546)
Prepayments and other current assets	5,809	(50,768)
Other assets	(2,508)	9,385
Accounts payable and accrued liabilities	(102,855)	(33,042)
Income taxes	(8,191)	(24,728)
Other liabilities	1,549	(67)
Net cash provided by (used in) operating activities, total	342,638	253,001
Cash flows from investing activities:
Purchases of restricted and unrestricted investment securities	(15,015)	(50,422)
Sales of restricted and unrestricted investment securities	18,347	63,715
Change in restricted cash	27	390
Capital expenditures	(253,778)	(307,183)
Sale Leaseback Transaction, Net Proceeds, Investing Activities	27,111	32,538
Proceeds from dispositions of property and equipment	2,402	563
Net cash provided by (used in) investing activities, total	(220,906)	(260,399)
Cash flows from financing activities:
Short-term borrowings	1,120,000	1,916,000
Repayment of short-term borrowings	(1,120,000)	(1,640,000)
Repayment of long-term debt	(16,200)	(16,200)
Repurchases of common stock	0	(125,038)
Change in cash overdrafts	(16,950)	(29,138)
Proceeds from exercise of employee stock options	19,185	13,794
Excess tax benefits from stock-based compensation	3,722	5,510
Payment of dividends	(35,336)	(94,795)
Net cash provided by (used in) financing activities, total	(45,579)	30,133
Net change in cash and cash equivalents	76,153	22,735
Cash and cash equivalents at beginning of year	139,840	140,999
Cash and cash equivalents at end of year	$ 215,993	$ 163,734

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	May. 30, 2015	Aug. 30, 2014
Current assets:
Cash and cash equivalents	$ 215,993	$ 139,840
Short-term investment securities	4,003	8,800
Restricted cash and investments	32,120	31,380
Merchandise inventories	1,631,925	1,609,932
Deferred income taxes	38,520	65,856
Income Taxes Receivable	72,649	64,458
Prepayments and other current assets	176,026	181,780
Total current assets	2,171,236	2,102,046
Property and equipment, net	1,691,739	1,688,213
Other assets	70,142	67,036
Total assets	3,933,117	3,857,295
Current liabilities:
Short-term borrowings	0	0
Current portion of long-term debt	185,200	16,200
Accounts payable	643,101	773,021
Accrued liabilities	330,786	335,054
Income taxes	4,755	4,755
Total current liabilities	1,163,842	1,129,030
Long-term debt	299,139	484,226
Other liabilities	305,854	316,382
Deferred gain	213,806	227,080
Deferred income taxes	$ 96,341	$ 34,852
Commitments and contingencies
Shareholders' equity:
Preferred stock, $1 par; authorized 500,000 shares; no shares issued and outstanding	$ 0	$ 0
Common stock, $.10 par; authorized 600,000,000 shares; issued 121,253,157 shares at May 30, 2015, and 120,749,980 shares at August 30, 2014, and outstanding 114,514,184 shares at May 30, 2015, and 113,986,257 shares at August 30, 2014	12,125	12,077
Capital in excess of par	357,641	333,579
Retained earnings	1,886,721	1,724,041
Accumulated Other Comprehensive Income (Loss), Net of Tax	(334)	(489)
Common stock held in treasury, at cost (6,738,973 shares at May 30, 2015, and 6,763,723 shares at August 30, 2014)	(402,018)	(403,483)
Total shareholders' equity	1,854,135	1,665,725
Total liabilities and shareholders' equity	$ 3,933,117	$ 3,857,295