Henry Schein 2009 Annual Report Download - page 39

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27
ITEM 6. Selected Financial Data
The following selected financial data, with respect to our financial position and results of operations for
each of the five fiscal years in the period ended December 26, 2009, set forth below, has been derived from,
should be read in conjunction with and is qualified in its entirety by reference to, our consolidated financial
statements and notes thereto. The selected financial data presented below should also be read in conjunction
with ITEM 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”
and ITEM 8, “Financial Statements and Supplementary Data.”
December 26, December 27, December 29, December 30, December 31,
2009 2008 (1) (2) 2007 (1) (2) 2006 (1) (2) 2005 (1) (2)
Income Statement Data:
Net sales .............................................................................. 6,538,336$ 6,380,413$ 5,889,884$ 5,021,523$ 4,513,127$
Gross profit .......................................................................... 1,916,820 1,874,295 1,706,092 1,459,330 1,299,562
Selling, general and administrative
expenses ........................................................................... 1,449,715 1,431,769 1,319,153 1,155,215 1,037,445
Restructuring costs (3) ......................................................... 3,020 23,240 - - -
Operating income ................................................................ 464,085 419,286 386,939 304,115 262,117
Other expense, net ............................................................... (11,365) (23,837) (8,430) (13,529) (20,765)
Income from continuing operations before taxes,
equity in earnings (losses) of affiliates and
noncontrolling interests ................................................... 452,720 395,449 378,509 290,586 241,352
Income taxes (127,521) (131,210) (128,556) (103,440) (88,299)
Equity in earnings (losses)
of affiliates ....................................................................... 5,243 5,037 (73) 835 827
Income from continuing operations ..................................... 330,442 269,276 249,880 187,981 153,880
Income (loss) from discontinued
operations, net of tax (4) .................................................. 2,715 (7,902) (20,704) (19,304) (11,161)
Net income .......................................................................... 333,157 261,374 229,176 168,677 142,719
Less: Net income attributable to
noncontrolling interests .................................................... (22,004) (21,917) (17,442) (8,090) (5,963)
Net income attributable to
Henry Schein, Inc. ............................................................ 311,153$ 239,457$ 211,734$ 160,587$ 136,756$
Amounts attributable to
Henr
y
Schein, Inc.:
Income from continuing operations ................................... 308,551 247,347 232,529 180,049 147,848
Income (loss) from discontinued
operations, net of tax ...................................................... 2,602 (7,890) (20,795) (19,462) (11,092)
Net income ........................................................................ 311,153$ 239,457$ 211,734$ 160,587$ 136,756$
Earnin
g
s (loss)
p
er share attributable to
Henr
y
Schein, Inc.:
From continuing operations:
Basic ................................................................................ 3.47$ 2.78$ 2.63$ 2.05$ 1.70$
Diluted ............................................................................. 3.41 2.71 2.55 2.00 1.67
From discontinued operations:
Basic ................................................................................ 0.03$ (0.09)$ (0.24)$ (0.22)$ (0.13)$
Diluted ............................................................................. 0.03 (0.08) (0.23) (0.21) (0.12)
From net income:
Basic ................................................................................ 3.50$ 2.69$ 2.39$ 1.83$ 1.57$
Diluted ............................................................................. 3.44 2.63 2.32 1.79 1.55
Weighted-average common
shares outstanding:
Basic ................................................................................ 88,872 89,080 88,559 87,952 87,006
Diluted ............................................................................. 90,556 91,221 91,163 89,820 88,489
Years ended
(in thousands, except per share data)