Best Buy 1999 Annual Report Download - page 32

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CONS OL I DAT E D S T AT E ME NT S OF E ARNI NGS
E S T U Y O N C
$ in thousands, except per share amounts
E B E B A R CH
OR T H E F I S CA L Y E A R S E N D E D 1999 1998 1997
Revenues $ 10,077,906 $ 8,358,212 $ 7,770,683
Cost of goods sold 8,250,123 7,026,074 6,711,802
Gross profit 1,827,783 1,332,138 1,058,881
Selling, general and administrative expenses 1,463,281 1,145,280 1,005,675
Operating income 364,502 186,858 53,206
Net interest income (expense) 435 (33,005) (50,338)
Earnings before income tax expense 364,937 153,853 2,868
Income tax expense 140,500 59,400 1,120
Net earnings $ 224,437 $ 94,453 $ 1,748
Basic Earnings Per Share $ 1.13 $ .54 $ .01
Diluted Earnings Per Share $ 1.07 $ .52 $ .01
Basic Weighted Average Common
Shares Outstanding (000’s) 199,185 175,416 172,686
Diluted Weighted Average Common
Shares Outstanding (000’s) 210,006 200,251 174,491
See notes to consolidated financial statements.