Chili's 2008 Annual Report Download - page 47

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BRINKER INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
Fiscal Years
2008 2007 2006
Revenues ........................................ $4,235,223 $4,376,904 $4,151,291
Operating Costs and Expenses:
Cost of sales .................................... 1,200,763 1,222,198 1,160,931
Restaurant expenses ............................... 2,397,908 2,435,866 2,283,737
Depreciation and amortization ....................... 165,229 189,162 190,206
General and administrative .......................... 170,703 194,349 207,080
Other gains and charges ............................ 203,950 (8,999) (17,262)
Total operating costs and expenses ................. 4,138,553 4,032,576 3,824,692
Operating income .................................. 96,670 344,328 326,599
Interest expense ................................... 45,862 30,929 22,857
Other, net ........................................ (4,046) (5,071) (1,656)
Income before provision for income taxes ................. 54,854 318,470 305,398
Provision for income taxes ............................ 3,132 88,421 91,448
Income from continuing operations .................. 51,722 230,049 213,950
Loss from discontinued operations, net of tax ........... — — (1,555)
Net income .................................. $ 51,722 $ 230,049 $ 212,395
Basic net income per share:
Income from continuing operations .................... $ 0.50 $ 1.90 $ 1.66
Loss from discontinued operations .................... $ — $ — $ (0.01)
Net income per share .............................. $ 0.50 $ 1.90 $ 1.65
Diluted net income per share:
Income from continuing operations .................... $ 0.49 $ 1.85 $ 1.63
Loss from discontinued operations .................... $ — $ — $ (0.01)
Net income per share .............................. $ 0.49 $ 1.85 $ 1.62
Basic weighted average shares outstanding ................ 103,101 121,062 128,766
Diluted weighted average shares outstanding ............... 104,897 124,116 130,934
Cash dividends per share ............................. $ 0.42 $ 0.34 $ 0.20
See accompanying notes to consolidated financial statements.
F-13