Safeway 2013 Annual Report Download - page 44

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Table of Contents





52 Weeks
2012
52 Weeks
2011
Sales and other revenue  $36,068.3 $35,356.7
Cost of goods sold (26,605.9)(25,887.9)
Gross profit  9,462.4 9,468.8
Operating and administrative expense (8,753.1)(8,760.0)
Operating profit  709.3 708.8
Interest expense (300.7)(268.1)
Loss on foreign currency translation — —
Other income, net  27.8 17.7
Income before income taxes  436.4 458.4
Income taxes (141.8)(91.2)
Income from continuing operations, net of tax  294.6 367.2
Income from discontinued operations, net of tax  303.5 151.0
Net income before allocation to noncontrolling interests  598.1 518.2
Less noncontrolling interests (1.6)(1.5)
Net income attributable to Safeway Inc.  $596.5 $516.7
Basic earnings per share:
Continuing operations  $1.18 $1.06
Discontinued operations  $1.23 $0.43
Total  $2.41 $1.49
Diluted earnings per share:
Continuing operations  $1.18 $1.06
Discontinued operations  $1.22 $0.43
Total  $2.40 $1.49
Weighted average shares outstanding – basic  245.6 343.4
Weighted average shares outstanding – diluted  245.9 343.8
See accompanying notes to consolidated financial statements.
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