Cabela's 2013 Annual Report Download - page 80

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70
CABELA’S INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in Thousands Except Earnings Per Share)
Fiscal Years
2013 2012 2011
Revenue:
Merchandise sales $ 3,205,632 $ 2,778,903 $ 2,505,733
Financial Services revenue 375,810 319,399 291,746
Other revenue 18,135 14,380 13,687
Total revenue 3,599,577 3,112,682 2,811,166
Cost of revenue:
Merchandise costs (exclusive of depreciation and amortization) 2,027,192 1,769,161 1,613,241
Cost of other revenue 3,637 637 8
Total cost of revenue (exclusive of depreciation and amortization) 2,030,829 1,769,798 1,613,249
Selling, distribution, and administrative expenses 1,201,519 1,046,861 954,125
Impairment and restructuring charges 5,868 20,324 12,244
Operating income 361,361 275,699 231,548
Interest expense, net (21,854) (20,123) (24,427)
Other non-operating income, net 4,021 6,138 7,346
Income before provision for income taxes 343,528 261,714 214,467
Provision for income taxes 119,138 88,201 71,847
Net income $ 224,390 $ 173,513 $ 142,620
Earnings per basic share $ 3.18 $ 2.48 $ 2.06
Earnings per diluted share $ 3.13 $ 2.42 $ 2.00
Basic weighted average shares outstanding 70,461,450 69,856,258 69,194,663
Diluted weighted average shares outstanding 71,778,543 71,709,873 71,274,242
Refer to notes to consolidated financial statements.