O'Reilly Auto Parts 2015 Annual Report Download - page 52

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FORM 10-K
Consolidated Statements of Income
(In thousands, except per share data)
For the Year Ended
December 31,
2015 2014 2013
Sales $ 7,966,674 $ 7,216,081 $ 6,649,237
Cost of goods sold, including warehouse and distribution expenses 3,804,031 3,507,180 3,280,236
Gross profit 4,162,643 3,708,901 3,369,001
Selling, general and administrative expenses 2,648,622 2,438,527 2,265,516
Operating income 1,514,021 1,270,374 1,103,485
Other income (expense):
Interest expense (57,129)(53,290) (49,074)
Interest income 2,340 2,301 1,992
Other, net 1,134 2,797 2,539
Total other expense (53,655)(48,192) (44,543)
Income before income taxes 1,460,366 1,222,182 1,058,942
Provision for income taxes 529,150 444,000 388,650
Net income $ 931,216 $ 778,182 $ 670,292
Earnings per share-basic:
Earnings per share $ 9.32 $ 7.46 $ 6.14
Weighted-average common shares outstanding – basic 99,965 104,262 109,244
Earnings per share-assuming dilution:
Earnings per share $ 9.17 $ 7.34 $ 6.03
Weighted-average common shares outstanding – assuming dilution 101,514 106,041 111,101
See accompanying Notes to Consolidated Financial Statements.