Safeway 2007 Annual Report Download - page 58

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SAFEWAY INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(In millions, except per-share amounts)
52 Weeks
2007
52 Weeks
2006
52 Weeks
2005
Sales and other revenue $ 42,286.0 $ 40,185.0 $ 38,416.0
Cost of goods sold (30,133.1) (28,604.0) (27,303.1)
Gross profit 12,152.9 11,581.0 11,112.9
Operating and administrative expense (10,380.8) (9,981.2) (9,898.2)
Operating profit 1,772.1 1,599.8 1,214.7
Interest expense (388.9) (396.1) (402.6)
Other income, net 20.4 36.3 36.9
Income before income taxes 1,403.6 1,240.0 849.0
Income taxes (515.2) (369.4) (287.9)
Net income $ 888.4 $ 870.6 $ 561.1
Basic earnings per share $ 2.02 $ 1.96 $ 1.25
Diluted earnings per share $ 1.99 $ 1.94 $ 1.25
Weighted average shares outstanding – basic 440.3 444.9 447.9
Weighted average shares outstanding – diluted 445.7 447.8 449.8
See accompanying notes to consolidated financial statements.
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