Safeway 2011 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
2011
52 Weeks
2010
52 Weeks
2009
Sales and other revenue $ 43,630.2 $ 41,050.0 $ 40,850.7
Cost of goods sold (31,836.5) (29,442.5) (29,157.2)
Gross profit 11,793.7 11,607.5 11,693.5
Operating and administrative expense (10,659.1) (10,448.1) (10,348.0)
Goodwill impairment charge –– (1,974.2)
Operating profit (loss) 1,134.6 1,159.4 (628.7)
Interest expense (272.2) (298.5) (331.7)
Other income, net 19.7 20.3 7.1
Income (loss) before income taxes 882.1 881.2 (953.3)
Income taxes (363.9) (290.6) (144.2)
Net income (loss) before allocation to noncontrolling interests 518.2 590.6 (1,097.5)
Less noncontrolling interests (1.5) (0.8) –
Net income (loss) attributable to Safeway Inc. $ 516.7 $ 589.8 $ (1,097.5)
Basic income (loss) per common share attributable to Safeway Inc. $ 1.49 $ 1.56 $ (2.66)
Diluted income (loss) per common share attributable to Safeway Inc. $ 1.49 $ 1.55 $ (2.66)
Weighted average shares outstanding – basic 343.4 378.3 412.9
Weighted average shares outstanding – diluted 343.8 379.6 412.9
See accompanying notes to consolidated financial statements.
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