Safeway 2009 Annual Report Download - page 55

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SAFEWAY INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(In millions, except per-share amounts)
52 Weeks
2009
53 Weeks
2008
52 Weeks
2007
Sales and other revenue $ 40,850.7 $ 44,104.0 $ 42,286.0
Cost of goods sold (29,157.2) (31,589.2) (30,133.1)
Gross profit 11,693.5 12,514.8 12,152.9
Operating and administrative expense (10,348.0) (10,662.1) (10,380.8)
Goodwill impairment charge (1,974.2) ––
Operating (loss) profit (628.7) 1,852.7 1,772.1
Interest expense (331.7) (358.7) (388.9)
Other income, net 7.1 10.6 20.4
(Loss) income before income taxes (953.3) 1,504.6 1,403.6
Income taxes (144.2) (539.3) (515.2)
Net (loss) income $ (1,097.5) $ 965.3 $ 888.4
Basic (loss) earnings per share $ (2.66) $ 2.23 $ 2.02
Diluted (loss) earnings per share $ (2.66) $ 2.21 $ 1.99
Weighted average shares outstanding – basic 412.9 433.8 440.3
Weighted average shares outstanding – diluted 412.9 436.3 445.7
See accompanying notes to consolidated financial statements.
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