Foot Locker 2011 Annual Report Download - page 54
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FOOT LOCKER, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
2011 2010 2009
(in millions, except per share amounts)
Sales $5,623 $5,049 $4,854
Cost of sales 3,827 3,533 3,522
Selling, general and administrative expenses 1,244 1,138 1,099
Depreciation and amortization 110 106 112
Impairment and other charges 5 10 41
Interest expense, net 6 9 10
Other income (4) (4) (3)
5,188 4,792 4,781
Income from continuing operations before income taxes 435 257 73
Income tax expense 157 88 26
Income from continuing operations 278 169 47
Income on disposal of discontinued operations, net of
income tax benefit of $—, $—, and $1, respectively — — 1
Net income $ 278 $ 169 $ 48
Basic earnings per share:
Income from continuing operations $ 1.81 $ 1.08 $ 0.30
Income from discontinued operations — — —
Net income $ 1.81 $ 1.08 $ 0.30
Diluted earnings per share:
Income from continuing operations $ 1.80 $ 1.07 $ 0.30
Income from discontinued operations — — —
Net income $ 1.80 $ 1.07 $ 0.30
See Accompanying Notes to Consolidated Financial Statements.
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