Best Buy 2002 Annual Report Download - page 38

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36 Consolidated Statements of Earnings
Consolidated Statements of Earnings
$ in millions, except per share amounts
March 2, March 3, Feb. 26,
For the Fiscal Years Ended 2002 2001 2000
Revenues $19,597 $15,327 $12,494
Cost of goods sold 15,167 12,268 10,101
Gross profit 4,430 3,059 2,393
Selling, general and administrative expenses 3,493 2,455 1,854
Operating income 937 604 539
Net interest (expense) income (1) 37 24
Earnings before income tax expense 936 641 563
Income tax expense 366 245 216
Net earnings $ 570 $ 396 $ 347
Basic earnings per share $ 1.80 $1.28 $1.13
Diluted earnings per share $1.
77
$ 1.24 $ 1.09
Basic weighted average common
shares outstanding (in millions) 316.0 310.0 306.3
Diluted weighted average common
shares outstanding (in millions) 322.5 319.0 318.9
See Notes to Consolidated Financial Statements.