CVS 2001 Annual Report Download - page 18

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Consolidated Statements of Operations
CVS Corporation
16
December 2 9 , December 30, January 1,
200 1 2000 2000
In millions, e xce pt pe r share amounts ( 5 2 weeks) (52 wee ks) ( 53 weeks)
Net sales $ 22,241.4 $ 20,087.5 $ 18,098.3
Co st o f go o ds so ld, buying and wareho using c o sts 16,550.4 14,725.8 13,236.9
Gro ss margin 5,691.0 5,361.7 4,861.4
Selling, general and administrative expenses 4,599.6 3,742.4 3,448.0
Depreciatio n and amo rtizatio n 320.8 296.6 277.9
To tal o perating expenses 4,920.4 4,039.0 3,725.9
Operating pro fit 770.6 1,322.7 1,135.5
Interest expense, net 61.0 79.3 59.1
Earnings befo re inco me tax pro visio n 709.6 1,243.4 1,076.4
Inco me tax pro visio n 296.4 497.4 441.3
Net earnings 413.2 746.0 635.1
Preference dividends, net of inc o me tax benefit 14.7 14.6 14.7
Net earnings available to co mmo n shareho lders $ 3 98 .5 $ 731.4 $ 620.4
Basic earnings per common share:
Net earnings $ 1.0 2 $ 1.87 $ 1.59
Weighted average co mmo n shares o utstanding 392.2 391.0 391.3
Diluted earnings per common share:
Net earnings $ 1.0 0 $ 1.83 $ 1.55
Weighted average co mmo n shares o utstanding 408.3 408.0 408.9
Dividends declared per common share $ 0.23 0 $ 0.230 $ 0.230
See ac co mpanying no tes to conso lidated financ ial statements.