Nordstrom, Inc. and subsidiaries  37
Nordstrom, Inc.
Consolidated Statements of Earnings
In millions except per share amounts
Fiscal year 2014 2013 2012
Net sales $13,110 $12,166 $11,762
Credit card revenues 396 374 372
Total revenues 13,506 12,540 12,134
Cost of sales and related buying and occupancy costs (8,406) (7,737) (7,432)
Selling, general and administrative expenses (3,777) (3,453) (3,357)
Earnings before interest and income taxes 1,323 1,350 1,345
Interest expense, net (138) (161) (160)
Earnings before income taxes 1,185 1,189 1,185
Income tax expense (465) (455) (450)
Net earnings $720 $734 $735
Earnings per share:
Basic $3.79 $3.77 $3.62
Diluted $3.72 $3.71 $3.56
Weighted-average shares outstanding:
Basic 190.0 194.5 203.0
Diluted 193.6 197.7 206.7
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.
Nordstrom, Inc.
Consolidated Statements of Comprehensive Earnings
In millions
Fiscal year 2014 2013 2012
Net earnings $720 $734 $735
Postretirement plan adjustments, net of tax of $7, ($6) and $1 (11) 10 (2)
Foreign currency translation adjustment (14) (2) —
Comprehensive net earnings $695 $742 $733
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.