Radio Shack 2004 Annual Report Download - page 56

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Notes to Consolidated Financial Statements
RadioShack Corporation and Subsidiaries
54 AR2004
Three Months Ended
(In millions, except per share amounts) March 31 June 30 Sept. 30 Dec. 31
Year ended December 31, 2003:
Net sales and operating revenues $1,070.3 $1,025.0 $1,063.6 $1,490.4
Cost of products sold 542.9 503.8 530.9 756.0
Gross profit 527.4 521.2 532.7 734.4
SG&A expense 407.8 406.6 421.4 504.2
Depreciation and amortization 22.6 22.9 23.3 23.2
Total operating expenses 430.4 429.5 444.7 527.4
Operating income 97.0 91.7 88.0 207.0
Interest income 1.5 8.0 1.9 1.4
Interest expense (9.6) (9.8) (8.7) (7.6)
Other income, net 2.4 0.7 8.9 –
Income before income taxes 91.3 90.6 90.1 200.8
Provision for income taxes 34.7 33.1 33.0 73.5
Net income $ 56.6 $ 57.5 $ 57.1 $ 127.3
Net income available per common share:
Basic $ 0.33 $ 0.34 $ 0.34 $ 0.77
Diluted $ 0.33 $ 0.34 $ 0.34 $ 0.77
Shares used in computing earnings per common share:
Basic 171.4 168.9 166.1 164.5
Diluted 171.8 169.8 167.6 166.3
The sum of the quarterly net incomes available per common share amounts may not total to each full year amount, since these computations are made
independently for each quarter and for the full year and take into account the weighted average number of common stock equivalent shares outstanding
for each period, including the effect of dilutive securities for that period.