TRACTOR SUPPLY COMPANY CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share amounts) Net sales Cost of merchandise sold Fiscal Year 2021 (52 weeks) $ 12,731,105 $ 8,253,952 2020 (52 weeks) 2019 (52 weeks) 10,620,352 $ 8,351,931 6,858,803 5,480,161 Gross profit 4,477,153 3,761,549 2,871,770 Selling, general and administrative expenses 2,900,297 2,478,524 1,932,572 Depreciation and amortization 270,158 217,124 195,978 Impairment of goodwill and other intangible assets 68,973 Operating income 1,306,698 996,928 743,220 Interest expense, net 26,610 28,781 19,843 Income before income taxes 1,280,088 968,147 723,377 Income tax expense 282,974 219,189 161,023 Net income Net income per share-basic $ 997,114 S 748,958 S 562,354 S 8.69 $ 6.44 $ 4.70 S 8.61 S 6.38 S 4.66 Net income per share - diluted Weighted average shares outstanding Basic 114,794 Diluted 115,824 116,370 117,436 119,727 120,743 Dividends declared per common share outstanding 2.08 S 1.50 S 1.36