J.C. Penney Income Statement for Fiscal Years 1995 to 2000 ($Million)

	FY 1995	FY 1996	FY 1997	FY 1998	FY 1999	FY 2000
Revenue	20,562.0	23,471.0	30,410.0	29,761.0	31,743.0	31,846.0
Insurance Div. Revenue	680.0	-	-	-	-	-
Other Revenue	-	-	-	-	-	-
Total Revenue	21,242.0	23,471.0	30,410.0	29,761.0	31,743.0	31,846.0
Cost Of Goods Sold	14,352.0	16,721.0	22,005.0	20,621.0	22,286.0	22,927.0
Insurance Div. Operating Exp.	523.0	-	-	-	-	-
Gross Profit	6,367.0	6,750.0	8,405.0	9,140.0	9,457.0	8,919.0
Selling General & Admin Exp.	4,923.0	5,282.0	6,566.0	7,966.0	8,604.0	8,625.0
R & D Exp.	-	-	-	-	-	-
Depreciation & Amort.	-	-	-	-	-	-
Amort. of Goodwill and Intangibles	-	23.0	117.0	112.0	125.0	122.0
Other Operating Expense/(Income)	-	303.0	-	-	-	-
Other Operating Exp., Total	4,923.0	5,608.0	6,683.0	8,078.0	8,729.0	8,747.0
Operating Income	1,444.0	1,142.0	1,722.0	1,062.0	728.0	172.0
Interest Expense	(383.0)	(414.0)	(648.0)	(663.0)	(676.0)	(477.0)
Interest and Invest. Income	689.0	-	191.0	276.0	313.0	50.0
Net Interest Exp.	306.0	(414.0)	(457.0)	(387.0)	(363.0)	(427.0)
Other Non-Operating Inc. (Exp.)	(409.0)	181.0	39.0	18.0	82.0	(27.0)
EBT Excl. Unusual Items	1,341.0	909.0	1,304.0	693.0	447.0	(282.0)
Restructuring Charges	-	-	(442.0)	22.0	(169.0)	(442.0)
Impairment of Goodwill	-	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	63.0	-	-	13.0
Asset Writedown	-	-	-	-	-	(91.0)
Other Unusual Items	-	-	-	-	-	(84.0)
EBT Incl. Unusual Items	1,341.0	909.0	925.0	715.0	278.0	(886.0)
Income Tax Expense	503.0	344.0	359.0	277.0	104.0	(318.0)
Earnings from Cont. Ops.	838.0	565.0	566.0	438.0	174.0	(568.0)
Earnings of Discontinued Ops.	-	-	-	156.0	162.0	(137.0)
Extraord. Item & Account. Change	-	-	-	-	-	-
Net Income to Company	838.0	565.0	566.0	594.0	336.0	(705.0)
Minority Int. in Earnings	-	-	-	-	-	-
Net Income	838.0	565.0	566.0	594.0	336.0	(705.0)
Source:
S&P Capital IQ database