Summary Financial Statements of Dollar General Corporation
Set forth below are summary financial statements of the parent guarantor of the properties included in the portfolio of American Realty Capital Properties, Inc. and American Realty Capital Trust III, Inc. on a pro forma basis. Dollar General Corporation currently files its financial statements in reports filed with the U.S. Securities and Exchange Commission, and the following summary financial data regarding Dollar General Corporation are taken from such filings:
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| For the 39 Weeks Ended November 2, 2012 (Unaudited) | Fiscal Year Ended | |||||||||||||||
| (Amounts in Thousands) | February 3, 2012 (Audited) | January 28, 2011 (Audited) | January 29, 2010 (Audited) | |||||||||||||
| Consolidated Condensed Statements of Income | ||||||||||||||||
| Net sales | $ | 11,814,507 | $ | 14,807,188 | $ | 13,035,000 | $ | 11,796,380 | ||||||||
| Operating profit | 1,132,927 | 1,490,804 | 1,274,065 | 953,258 | ||||||||||||
| Net income | 635,240 | 766,685 | 627,857 | 339,442 | ||||||||||||
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| (Amounts in Thousands) | November 2, 2012 (Unaudited) | February 3, 2012 (Audited) | January 28, 2011 (Audited) | January 29, 2010 (Audited) | ||||||||||||
| Consolidated Condensed Balance Sheets | ||||||||||||||||
| Total assets | $ | 10,273,677 | $ | 9,688,520 | $ | 9,546,222 | $ | 8,863,519 | ||||||||
| Long-term obligations | 3,023,367 | 2,617,891 | 3,287,070 | 3,399,715 | ||||||||||||
| Total liabilities | 5,538,815 | 5,020,025 | 5,491,743 | 5,473,221 | ||||||||||||
| Total shareholders’ equity | 4,734,862 | 4,668,495 | 4,054,479 | 3,390,298 | ||||||||||||