CVS 2006 Annual Report Download - page 33

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30 CVS Corporation
Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended
In millions, except per share amounts Dec. 30, 2006 (52 weeks) Dec. 31, 2005 (52 weeks) Jan. 1, 2005 (52 weeks)
Net revenues $ 43,813.8 $ 37,006.2 $ 30,594.3
Cost of goods sold, buying and warehousing costs 31,874.8 27,105.0 22,563.1
Gross profit 11,939.0 9,901.2 8,031.2
Selling, general and administrative expenses 8,764.1 7,292.6 6,079.7
Depreciation and amortization 733.3 589.1 496.8
Total operating expenses 9,497.4 7,881.7 6,576.5
Operating profit 2,441.6 2,019.5 1,454.7
Interest expense, net 215.8 110.5 58.3
Earnings before income tax provision 2,225.8 1,909.0 1,396.4
Income tax provision 856.9 684.3 477.6
Net earnings 1,368.9 1,224.7 918.8
Preference dividends, net of income tax benefit 13.9 14.1 14.2
Net earnings available to common shareholders $ 1,355.0 $ 1,210.6 $ 904.6
Basic earnings per common share:
Net earnings $ 1.65 $ 1.49 $ 1.13
Weighted average common shares outstanding 820.6 811.4 797.2
Diluted earnings per common share:
Net earnings $ 1.60 $ 1.45 $ 1.10
Weighted average common shares outstanding 853.2 841.6 830.8
Dividends declared per common share $ 0.1550 $ 0.1450 $ 0.1325
See accompanying notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF OPERATIONS