Safeway 2007 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 of the 2007 Safeway annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 101

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101

SAFEWAY INC. AND SUBSIDIARIES
Item 6. Selected Financial Data
(Dollars in millions, except
per-share amounts)
52 Weeks
2007 (1)
52 Weeks
2006 (1)
52 Weeks
2005 (1)
52 Weeks
2004
53 Weeks
2003
Results of Operations
Sales and other revenue $ 42,286.0 $ 40,185.0 $ 38,416.0 $ 35,822.9 $ 35,727.2
Gross profit 12,152.9 11,581.0 11,112.9 10,595.3 10,724.2
Operating and
administrative expense (10,380.8) (9,981.2) (9,898.2) (9,422.5) (9,421.2)
Goodwill impairment
charges –– – – (729.1)
Operating profit 1,772.1 1,599.8 1,214.7 1,172.8 573.9
Interest expense (388.9) (396.1) (402.6) (411.2) (442.4)
Other income, net 20.4 36.3 36.9 32.3 9.6
Income before income taxes 1,403.6 1,240.0 849.0 793.9 141.1
Income taxes (515.2) (369.4) (287.9) (233.7) (310.9)
Net income (loss) $ 888.4 $ 870.6 $ 561.1 $ 560.2 $ (169.8)
Basic earnings (loss) per share $ 2.02 $ 1.96 $ 1.25 $ 1.26 $ (0.38)
Diluted earnings (loss) per share $ 1.99 $ 1.94 $ 1.25 $ 1.25 $ (0.38)
Weighted average shares
outstanding (in millions):
Basic 440.3 444.9 447.9 445.6 441.9
Diluted 445.7 447.8 449.8 449.1 441.9
Cash dividends declared
per common share (2) $ 0.2645 $ 0.2225 $ 0.15 $ – $ –
19