Safeway 1999 Annual Report Download - page 3

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FINANCIAL HIGHLIGHTS
1
For the Year:
Sales $28,859.9 $24,484.2 $22,483.8
Gross profit 8,510.7 7,124.5 6,414.7
Operating profit 1,997.9 1,601.7 1,279.7
Income before extraordinary loss 970.9 806.7 621.5
Net income 970.9 806.7 557.4
Diluted earnings per share:
Income before extraordinary loss $ 1.88 $ 1.59 $ 1.25
Net income 1.88 1.59 1.12
Capital expenditures (Note 1) 1,485.6 1,189.7 829.4
At Year-End:
Common shares outstanding (in millions) (Note 2) 493.6 490.3 476.2
Retail square feet (in millions) 70.8 61.6 53.2
Number of stores 1,659 1,497 1,368
Note 1: Defined on page 15 under “Capital Expenditure Program.”
Note 2: Net of 65.4 million, 60.6 million and 61.2 million shares held in treasury in 1999, 1998 and 1997, respectively.
52 Weeks 52 Weeks 53 Weeks
(Dollars in millions, except per-share amounts) 1999 1998 1997
$2.00
1.50
1.00
.50
$0.68
$0.97
$1.25
$1.59
$1.88
6.52%
7.18%
7.70%
8.75%
9.35%
Diluted Earnings per Share
(Before extraordinary loss)
10%
8.75%
7.5%
6.25%
5%
Operating Cash Flow*
(% of sales)
10x
7.5x
5x
2.5x
95 96 97 98 99 95 96 97 98 99 95 96 97 98 99
Interest Coverage Ratio*
5.35x
6.94x 7.18x
9.11x
7.45x
* Defined on page 20