Advance Auto Parts 2014 Annual Report Download - page 52

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F-5
ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended January 3, 2015, December 28, 2013 and December 29, 2012
(in thousands, except per share data)
Fiscal Years
2014 2013 2012
(53 weeks) (52 weeks) (52 weeks)
Net sales $ 9,843,861 $ 6,493,814 $ 6,205,003
Cost of sales, including purchasing and warehousing costs 5,390,248 3,241,668 3,106,967
Gross profit 4,453,613 3,252,146 3,098,036
Selling, general and administrative expenses 3,601,903 2,591,828 2,440,721
Operating income 851,710 660,318 657,315
Other, net:
Interest expense (73,408)(36,618)(33,841)
Other income, net 3,092 2,698 600
Total other, net (70,316)(33,920)(33,241)
Income before provision for income taxes 781,394 626,398 624,074
Provision for income taxes 287,569 234,640 236,404
Net income $ 493,825 $ 391,758 $ 387,670
Basic earnings per common share $ 6.75 $ 5.36 $ 5.29
Diluted earnings per common share $ 6.71 $ 5.32 $ 5.22
Dividends declared per common share $ 0.24 $ 0.24 $ 0.24
Weighted average common shares outstanding 72,932 72,930 73,091
Weighted average common shares outstanding - assuming dilution 73,414 73,414 74,062
ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
For the Years Ended January 3, 2015, December 28, 2013 and December 29, 2012
(in thousands, except per share data)
Fiscal Years
2014 2013 2012
(53 weeks) (52 weeks) (52 weeks)
Net income $ 493,825 $ 391,758 $ 387,670
Other comprehensive (loss) income:
Changes in net unrecognized other postretirement benefit costs, net of
$483, $503 and $252 tax (752)(438)(391)
Postretirement benefit plan amendment, net of $0, $904 and $0 tax — 1,454 —
Unrealized gain (loss) on hedge arrangements, net of $0, $0 and $163
tax — — 254
Currency translation adjustments (15,268)— —
Total other comprehensive (loss) income (16,020) 1,016 (137)
Comprehensive income $ 477,805 $ 392,774 $ 387,533
The accompanying notes to the consolidated financial statements
are an integral part of these statements.