Safeway 2006 Annual Report Download - page 37

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SAFEWAY INC. AND SUBSIDIARIES
Item 6. Selected Financial Data
(Dollars in millions, except
per-share amounts)
52 Weeks
2006 (1)
52 Weeks
2005 (1)
52 Weeks
2004
53 Weeks
2003
52 Weeks
2002
Results of Operations
Sales and other revenue $ 40,185.0 $ 38,416.0 $ 35,822.9 $ 35,727.2 $ 34,917.2
Gross profit 11,581.0 11,112.9 10,595.3 10,724.2 10,996.4
Operating and
administrative expense (9,981.2) (9,898.2) (9,422.5) (9,421.2) (8,760.8)
Goodwill impairment
charges –– – (729.1) (1,288.0)
Operating profit 1,599.8 1,214.7 1,172.8 573.9 947.6
Interest expense (396.1) (402.6) (411.2) (442.4) (430.8)
Other income, net 36.3 36.9 32.3 9.6 15.5
Income before income
taxes and cumulative
effect of accounting
change 1,240.0 849.0 793.9 141.1 532.3
Income taxes (369.4) (287.9) (233.7) (310.9) (660.4)
Income (loss) before
cumulative effect of
accounting change 870.6 561.1 560.2 (169.8) (128.1)
Cumulative effect of
accounting change (2) –– – – (700.0)
Net income (loss) $ 870.6 $ 561.1 $ 560.2 $ (169.8) $ (828.1)
Basic earnings (loss) per
common share:
Income (loss) before
cumulative effect of
accounting change $ 1.96 $ 1.25 $ 1.26 $ (0.38) $ (0.27)
Cumulative effect of
accounting change (2) –– – – (1.50)
Net income (loss) $ 1.96 $ 1.25 $ 1.26 $ (0.38) $ (1.77)
Diluted earnings (loss) per
common share:
Income (loss) before
cumulative effect of
accounting change $ 1.94 $ 1.25 $ 1.25 $ (0.38) $ (0.27)
Cumulative effect of
accounting change (2) –– – – (1.50)
Net income (loss) $ 1.94 $ 1.25 $ 1.25 $ (0.38) $ (1.77)
Cash dividends declared
per common share (3) $ 0.2225 $ 0.15 $ – $ – $ –
19