Safeway 2006 Annual Report Download - page 53

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SAFEWAY INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(In millions, except per-share amounts)
52 Weeks
2006
52 Weeks
2005
52 Weeks
2004
Sales and other revenue $ 40,185.0 $ 38,416.0 $ 35,822.9
Cost of goods sold (28,604.0) (27,303.1) (25,227.6)
Gross profit 11,581.0 11,112.9 10,595.3
Operating and administrative expense (9,981.2) (9,898.2) (9,422.5)
Operating profit 1,599.8 1,214.7 1,172.8
Interest expense (396.1) (402.6) (411.2)
Other income, net 36.3 36.9 32.3
Income before income taxes 1,240.0 849.0 793.9
Income taxes (369.4) (287.9) (233.7)
Net income $ 870.6 $ 561.1 $ 560.2
Basic earnings per share $ 1.96 $ 1.25 $ 1.26
Diluted earnings per share $ 1.94 $ 1.25 $ 1.25
Weighted average shares outstanding – basic 444.9 447.9 445.6
Weighted average shares outstanding – diluted 447.8 449.8 449.1
See accompanying notes to consolidated financial statements.
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