Safeway 2012 Annual Report Download - page 95

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SAFEWAY INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
83
Note R: Quarterly Information (Unaudited)
The summarized quarterly financial data presented below reflect all adjustments, which in the opinion of
management, are of a normal and recurring nature necessary to present fairly the results of operations for
the periods presented. (Rounding affects some totals. In millions, except per-share amounts.)
52 Weeks Last 16
Weeks
Third 12
Weeks
Second 12
Weeks
First 12
Weeks
2012
Sales and other revenue $ 44,206.5 $ 13,767.4 $ 10,049.1 $ 10,386.9 $ 10,003.0
Gross profit 11,720.0 3,648.8 2,656.9 2,729.0 2,685.2
Operating profit (1) 1,104.1 448.8 218.3 247.2 189.8
Income before income taxes (1) 828.4 369.6 157.6 177.6 123.7
Income from continuing
operations, net of tax (1) 566.2 255.0 108.0 121.7 81.6
Gain (loss) from discontinued
operations, net of tax (2) 31.9 (9.6) 49.0 1.2 (8.6)
Net income attributable to
Safeway Inc. (1) 596.5 244.0 157.0 122.7 72.9
Basic earnings per common
share:
Continuing operations (1) $2.28 $ 1.06 $ 0.45 $ 0.50 $ 0.30
Discontinued operations (2) 0.13 (0.04) 0.21 0.01 (0.03)
Total (1) 2.41 1.02 0.66 0.51 0.27
Diluted earnings per common
share:
Continuing operations (1) $2.27 $ 1.06 $ 0.45 $ 0.50 $ 0.30
Discontinued operations (2) 0.13 (0.04) 0.21 0.01 (0.03)
Total (1) 2.40 1.02 0.66 0.51 0.27
52 Weeks Last 16
Weeks
Third 12
Weeks
Second 12
Weeks
First 12
Weeks
2011
Sales and other revenue $ 43,630.2 $ 13,597.6 $ 10,064.3 $ 10,196.4 $ 9,772.0
Gross profit 11,793.7 3,632.4 2,717.2 2,753.0 2,691.1
Operating profit 1,134.6 390.1 248.3 277.0 219.2
Income before income taxes 882.1 309.7 196.3 218.9 157.2
Income from continuing
operations, net of tax 518.2 216.8 130.3 146.0 25.1
Net income attributable to Safeway
Inc. (2) 516.7 215.6 130.2 145.8 25.1
Income per common share
attributable to Safeway Inc. (2)
Basic $ 1.49 $ 0.67 $ 0.38 $ 0.42 $ 0.07
Diluted 1.49 0.67 0.38 0.41 0.07
(1) In the fourth quarter of 2012, Safeway results included a pre-tax gain from legal settlements of $46.5 million.
(2) See Note Q, Discontinued Operations.
(3) In the first quarter of 2011, Safeway incurred an estimated tax charge of $80.2 million as a result of the decision to repatriate $1.1
billion from Safeway's wholly-owned Canadian subsidiary.