Penney (J.C.) Co.,Inc. (Holding Co.)

"As Reported  Annual Income Statement","02/03/2007","01/28/2006","01/29/2005","01/31/2004","01/25/2003",
"Currency","US Dollar","US Dollar","US Dollar","US Dollar","US Dollar",
"Auditor Status","Not Qualified","Not Qualified","Not Qualified","Not Qualified","Not Qualified",
"Consolidated","Yes","Yes","Yes","Yes","Yes",
"Scale","Millions","Millions","Millions","Millions","Millions",
"","","","","","",
"Retail sales, net","19,903","18,781","18,424","17,786","32,347",
"Cost of goods sold","12,078","11,405","11,285","11,166","22,573",
"Gross margin","7,825","7,376","7,139","6,620","-",
"Selling, general & administrative expenses","5,521","5,799","5,827","5,830","8,667",
"Depreciation & amortization expenses","389","-","-","-","-",
"Pre-opening expense","27","-","-","-","-",
"Real estate & other income (expense)","34","-","-","-","-",
"Other unallocated expenses","-","-","-","-","93",
"Total operating expenses","5,903","-","-","-","-",
"Operating income","1,922","-","-","-","-",
"Interest on long-term debt","270","280","373","429","-",
"Interest on short-term debt","-","-","3","6","-",
"Short-term investments","(135)","(111)","(63)","(30)","-",
"Other interest expense (income), net","(5)","4","17","20","-",
"Less: interest expense allocated to discontin","-","(4)","(97)","(164)","-",
"Interest expense, net","-","-","-","-","(388)",
"Net interest expense","130","169","233","261","(388)",
"Bond premiums & unamortized costs","-","18","47","-","-",
"Real estate activities","-","39","30","28","-",
"Net gains from sale of real estate","-","27","8","51","-",
"Asset impair, PVOL & other unit closing costs","-","(12)","(19)","(57)","-",
"Management transition costs","-","-","(29)","-","-",
"Other real estate other income (expense)","-","-","(2)","(5)","-",
"Real estate & other income (expense)","-","54","12","(17)","-",
"Acquisition amortization","-","-","-","-","42",
"Total costs & expenses","-","-","-","-","31,763",
"Income (loss) from cont opers bef inc taxes","1,792","1,444","1,020","546","584",
"Current federal & foreign income tax (benef)","590","541","340","40","58",
"Current state & local income taxes (benefit)","109","(11)","14","5","14",
"Total current income taxes (benefit)","699","530","354","45","72",
"Dfd federal & foreign income taxes (benefit)","(33)","(44)","(8)","126","130",
"Deferred state & local income taxes (benefit)","(8)","(19)","7","11","11",
"Total deferred income taxes (benefit)","(41)","(63)","(1)","137","141",
"Income tax expense","658","467","353","182","213",
"Income (loss) from continuing operations","1,134","977","667","364","371",
"Income (loss) from discontinued operations","19","111","-","-","-",
"Gain (loss) on sale of discontinued opers","-","-","-","-","34",
"Discontinued operations, net","-","-","(143)","(1,292)","-",
"Net income (loss)","1,153","1,088","524","(928)","405",
"Less: preferred stock dividends","-","-","12","25","27",
"Net income (loss) applic to com stockholders","1,153","1,088","512","(953)","378",
"Weighted average shares outstanding - basic","229","253","279","272","267",
"Weighted average shares outstanding - diluted","232","255","307","297","293",
"Year end shares outstanding","226","233","271","274","269",
"Income (loss) per share- cont opers-basic","4.95","3.86","2.35","1.25","1.28",
"Income (loss) per sh-discont opers-basic","0.08","0.44","(0.52)","-","-",
"Inc (loss) per sh-sale of discont opers-basic","-","-","-","-","0.13",
"Net income (loss) per share-basic","5.03","4.3","1.83","(3.5)","1.41",
"Income (loss) per share-cont opers-diluted","4.88","3.83","2.23","1.21","1.25",
"Income (loss) per sh-discont opers-diluted","0.08","0.43","(0.47)","-","-",
"Inc (loss) per sh-sale of discont opers-dilut","-","-","-","-","0.12",
"Net income (loss) per share-diluted","4.96","4.26","1.76","(3.13)","1.37",
"Dividends per share","0.72","0.5","-","0.125","-",
"Total number of employees","155,000","151,000","151,000","147,000","228,000",
"Number of common stockholders","37,388","40,362","43,242","46,524","48,510",
"","","","","","",