Barnes and Noble 2006 Annual Report Download - page 7

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FISCAL YEAR
(In thousands, except per share data) 2006 2005 2004 200312002
STATEMENT OF OPERATIONS DATA
Sales
Barnes & Noble stores $ 4,533,912 4,356,611 4,121,398 3,860,347 3,574,909
B. Dalton stores 102,004 141,584 176,490 221,020 260,024
Barnes & Noble.com1433,425 439,657 419,821 151,229 —
Other2191,913 165,152 155,886 139,581 81,611
Total sales 5,261,254 5,103,004 4,873,595 4,372,177 3,916,544
Cost of sales and occupancy 3,622,962 3,535,837 3,388,985 3,061,769 2,731,588
Gross profi t 1,638,292 1,567,167 1,484,610 1,310,408 1,184,956
Selling and administrative expenses 1,201,673 1,131,448 1,049,979 909,141 816,597
Depreciation and amortization 170,338 172,957 181,553 166,825 154,844
Pre-opening expenses 12,897 10,938 8,862 8,668 11,933
Investment impairment charge3— — — — 25,328
Operating profi t 253,384 251,824 244,216 225,774 176,254
Interest income (expense), net and
amortization of deferred fi nancing fees41,537 (1,415) (11,028) (20,944) (22,136)
Debt redemption charge5— — (14,582) — —
Equity in net loss of Barnes & Noble.com1— — — (14,311) (26,795)
Other expense6— — — — (16,498)
Earnings before taxes and
minority interest 254,921 250,409 218,606 190,519 110,825
Income taxes 102,606 102,042 94,001 78,779 44,609
Earnings before minority interest 152,315 148,367 124,605 111,740 66,216
Minority interest7(1,788) (1,686) (1,230) (536) —
Earnings from continuing operations 150,527 146,681 123,375 111,204 66,216
Earnings from discontinued operations
(net of income tax) — — 20,001 40,571 33,262
Net earnings $ 150,527 146,681 143,376 151,775 99,478
Basic earnings per common share
Earnings from continuing operations $ 2.31 2.17 1.79 1.69 1.00
Earnings from discontinued operations — — 0.29 0.61 0.50
Net earnings $ 2.31 2.17 2.08 2.30 1.50
Diluted earnings per common share
Earnings from continuing operations $ 2.17 2.03 1.68 1.57 0.99
Earnings from discontinued operations — — 0.25 0.50 0.40
Net earnings $ 2.17 2.03 1.93 2.07 1.39
Dividends paid per share $ 0.60 0.30———
Barnes & Noble, Inc. 5