-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, lEVFwi+zePtj5MMnlsCPoUTOtHkQn5K/MP+lgLC2bBzUmjXNiXpSMyIgGtBZuqt3 HC1c/yMlVZkqOEm1lJeWGA== 0000029534-95-000018.txt : 19950505 0000029534-95-000018.hdr.sgml : 19950505 ACCESSION NUMBER: 0000029534-95-000018 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19950131 FILED AS OF DATE: 19950504 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DOLLAR GENERAL CORP CENTRAL INDEX KEY: 0000029534 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 610502302 STATE OF INCORPORATION: KY FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-11421 FILM NUMBER: 95534433 BUSINESS ADDRESS: STREET 1: 104 WOODMONT BLVD STE 500 CITY: NASHVILLE STATE: TN ZIP: 37205 BUSINESS PHONE: 6157832000 FORMER COMPANY: FORMER CONFORMED NAME: TURNER CAL DATE OF NAME CHANGE: 19710401 FORMER COMPANY: FORMER CONFORMED NAME: TURNER J L & SON INC DATE OF NAME CHANGE: 19710401 10-K/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 1995 Commission file number 0-4769 DOLLAR GENERAL CORPORATION (Exact name of Registrant as Specified in its Charter) KENTUCKY 61-0502302 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 104 Woodmont Boulevard Suite 500 Nashville, Tennessee 37205 (Address of principal executive offices, zip code) Registrant's telephone number, including area code: (615) 783-2000 Securities registered pursuant to Section 12(b) of the Act: Name of Exchange on Title of Class which Registered Common Stock New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the Registrant (1) has filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No Indicate by check mark if the disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ] Aggregate market value of the voting stock held by non- affiliates of the Registrant as of April 14, 1995 is $1,730,024,868 based upon the last reported sale price on such date by the New York Stock Exchange. The number of shares of common stock outstanding on April 14, 1995, was 67,365,900. Documents Incorporated by Reference Document Where Incorporated in Form of 10-K Portions of the Registrant's Page III Proxy Statement Relating to the Annual Meeting of Stockholders to be Held on June 5, 1995. 19 CONSOLIDATED STATEMENTS OF CASH FLOWS January 31, 1995, 1994 and 1993 (Dollars in thousands)
1995 1994 1993 Cash flows from operating activities: Net income $ 73,634 $48,557 $35,574 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 17,263 11,729 8,229 Deferred income taxes (1,302) (2,072) (2,343) Change in operating assets and liabilities: Merchandise inventories (96,069) (43,199) (44,088) Accounts payable 30,637 17,013 26,243 Accrued expenses 13,131 10,236 14,637 Income taxes 6,773 (5,578) 3,713 Other (810) (490) 748 Net cash provided by operating activities 43,257 36,196 42,713 Cash flows used in investing activities: Purchase of property and equipment (65,777) (34,970) (24,664) Cash flows from financing activities: Issuance of short-term borrowings 100,710 62,009 51,320 Repayments of short-term borrowings (88,971) (54,009) (54,177) Repayments of long-term debt (944) (1,300) (1,298) Payment of cash dividends (10,640) (7,544) (5,530) Proceeds from exercise of stock options 8,907 3,780 4,946 Tax benefit from stock option exercises 10,581 5,796 3,672 Issuance of preferred stock 200,527 0 0 Purchase of treasury stock (200,527) 0 0 Other 557 361 117 Net cash provided by (used in) financing activities 20,200 9,093 (950) Net increase (decrease)in cash and cash equivalents (2,320) 10,319 17,099 Cash and cash equivalents, beginning of year 35,365 25,046 7,947 Cash and cash equivalents, end of year $ 33,045 $35,365 $25,046 Supplemental cash flow information Cash paid during year for: Interest $ 2,760 $ 1,980 $ 2,007 Income taxes $ 28,345 $31,542 $17,524
The accompanying notes are an integral part of the consolidated financial statements. 25 REPORT OF INDEPENDENT ACCOUNTS To the Shareholders and Board of Directors Dollar General Corporation, Nashville, Tennessee We have audited the accompanying consolidated balance sheets of Dollar General Corporation and Subsidiaries as of January 31, 1995 and 1994, and the related consolidated statements of income, shareholders' equity, and cash flows for each of the three fiscal years in the period ended January 31, 1995. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. These standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principals used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Dollar General Corporation and Subsidiaries as of January 31, 1995, and 1994, and the consolidated results of their operations and their cash flows for each of the three fiscal years in the period ended January 31, 1995 in conformity with generally accepted accounting principles. /s/: Coopers & Lybrand L.L.P. Louisville, Kentucky March 6, 1995 29 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. DOLLAR GENERAL CORPORATION Date: April 28, 1995 By: /s/Cal Turner, J Cal Turner, Jr.,President Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. Name Title Date /s/Cal Turner, Jr. CAL TURNER, JR. Chairman of the Board, President and Chief Executive Officer (Principal Executive Officer) April 28, 1995 /s/C. Kent Garner C. KENT GARNER Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) April 28, 1995 /s/Cal Turner CAL TURNER Director April 28, 1995 /s/Wallace N. Rasmussen WALLACE N. RASMUSSEN Director April 28, 1995 /s/John B. Holland JOHN B. HOLLAND Director April 28, 1995 /s/James D. Cockman JAMES D. COCKMAN Director April 28, 1995 /s/William S. Wire, II WILLIAM S. WIRE, II Director April 28, 1995 /s/James L. Clayton JAMES L. CLAYTON Director April 28, 1995 /S/Reginald D. Dickson REGINALD D. DICKSON Director April 28, 1995 /s/David M. Wilds DAVID M. WILDS Director April 28, 1995 -----END PRIVACY-ENHANCED MESSAGE-----