Walgreens 2009 Annual Report Download - page 19

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Five-Year Summary of Selected Consolidated Financial Data
Walgreen Co. and Subsidiaries (Dollars in millions, except per share amounts)
Fiscal Year 2009 2008 2007 2006 2005
Net Sales $63,335 $59,034 $53,762 $47,409 $42,202
Cost of sales (1) 45,722 42,391 38,518 34,240 30,414
Gross profit 17,613 16,643 15,244 13,169 11,788
Selling, general and administrative (1) (2) 14,366 13,202 12,093 10,467 9,364
Operating income 3,247 3,441 3,151 2,702 2,424
Other income (expense) (83) (11) 38 52 32
Earnings Before Income Tax Provision 3,164 3,430 3,189 2,754 2,456
Income tax provision 1,158 1,273 1,148 1,003 896
Net Earnings $ 2,006 $ 2,157 $ 2,041 $ 1,751 $ 1,560
Per Common Share Net earnings
Basic $ 2.03 $ 2.18 $ 2.04 $ 1.73 $ 1.53
Diluted 2.02 2.17 2.03 1.72 1.52
Dividends declared .48 .40 .33 .27 .22
Book value 14.54 13.01 11.20 10.04 8.77
Non-Current Liabilities Long-term debt $ 2,336 $ 1,337 $ 22 $3 $12
Deferred income taxes 265 150 158 141 240
Other non-current liabilities 1,396 1,410 1,285 1,116 986
Assets and Equity Total assets $25,142 $22,410 $19,314 $17,131 $14,609
Shareholders’ equity 14,376 12,869 11,104 10,116 8,890
Return on average shareholders’ equity 14.7% 18.0% 19.2% 18.4% 18.3%
Locations Year-end (3) 7,496 6,934 5,997 5,461 4,985
(1) Fiscal 2009 included a pre-tax restructuring and restructuring related charge of $257 million ($.16 per share, diluted), $95 million
included in cost of sales and $162 million in selling, general and administrative.
(2) Fiscal 2008 included a positive pre-tax adjustment of $79 million ($.05 per share, diluted), which corrected for historically over-accruing
the Company’s vacation liability.
(3) Locations include drugstores, worksite facilities, home care facilities, specialty pharmacies and mail service facilities.
2009 Walgreens Annual Report Page 17