Safeway 2012 Annual Report Download - page 32

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SAFEWAY INC. AND SUBSIDIARIES
20
Item 6. Selected Financial Data
(Dollars in millions, except
per-share amounts)
52 Weeks
2012
52 Weeks
2011
52 Weeks
2010
52 Weeks
2009
53 Weeks
2008
Results of Operations
Sales and other revenue $ 44,206.5 $ 43,630.2 $ 41,050.0 $ 40,850.7 $ 44,104.0
Gross profit 11,720.0 11,793.7 11,607.5 11,693.5 12,514.8
Operating and administrative
expense (10,615.9) (10,659.1) (10,448.1) (10,348.0) (10,662.1)
Goodwill impairment charge —— — (1,974.2) —
Operating profit (loss) 1,104.1 1,134.6 1,159.4 (628.7) 1,852.7
Interest expense (304.0)(272.2) (298.5) (331.7) (358.7)
Other income, net 28.3 19.7 20.3 7.1 10.6
Income (loss) before income
taxes 828.4 882.1 881.2 (953.3) 1,504.6
Income taxes (262.2)(363.9) (290.6) (144.2) (539.3)
Income (loss) from continuing
operations, net of tax 566.2 518.2 590.6 (1,097.5) 965.3
Gain from discontinued
operations, net of tax (Note Q) 31.9 ————
Net income (loss) before
allocation to noncontrolling
interests 598.1 518.2 590.6 (1,097.5) 965.3
Noncontrolling interests (1.6) (1.5) (0.8) — —
Net income (loss) attributable to
Safeway Inc. $596.5 $ 516.7 $ 589.8 $ (1,097.5) $ 965.3
Basic earnings (loss) per common
share:
Continuing operations $2.28$ 1.49 $ 1.56 $ (2.66) $ 2.23
Discontinued operations $0.13$—$—$—$—
Total $2.41$ 1.49 $ 1.56 $ (2.66) $ 2.23
Diluted earnings (loss) per
common share:
Continuing operations $2.27$ 1.49 $ 1.55 $ (2.66) $ 2.21
Discontinued operations $0.13$—$—$—$—
Total $2.40$ 1.49 $ 1.55 $ (2.66) $ 2.21
Weighted average shares
outstanding (in millions):
Basic 245.6 343.4 378.3 412.9 433.8
Diluted 245.9 343.8 379.6 412.9 436.3
Cash dividends declared
per common share $ 0.6700 $0.5550 $ 0.4600 $ 0.3828 $ 0.3174