American Eagle Outfitters 2001 Annual Report Download - page 36

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ae.com
For the years ended Feb 2, 2002 Feb 3, 2001 Jan 29, 2000
in thousands, except per share amounts
Net sales $1,371,899 $1,093,477 $832,104
Cost of sales, including certain buying, occupancy and warehousing expenses 824,531 657,252 475,596
Gross profit 547,368 436,225 356,508
Selling, general and administrative expenses 339,020 266,474 194,795
Depreciation and amortization expense 41,875 23,200 12,199
Operating income 166,473 146,551 149,514
Other income (expense), net 2,772 6,249 (160)
Income before income taxes 169,245 152,800 149,354
Provision for income taxes 63,750 59,042 58,694
Net income $105,495 $93,758 $90,660
Basic income per common share $1.47 $1.35 $1.30
Diluted income per common share $1.43 $1.30 $1.24
Weighted average common shares outstanding—basic 71,529 69,652 69,555
Weighted average common shares outstanding—diluted 73,797 72,132 73,113
See Notes to Consolidated Financial Statements
AE Consolidated Statements of Operations
35