Radio Shack 2009 Annual Report Download - page 87

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80
NOTE 16 - QUARTERLY DATA (UNAUDITED)
As our operations are predominantly retail oriented, our business is subject to seasonal fluctuations, with the
fourth quarter generally being the most significant in terms of sales and profits because of the winter holiday
selling season.
Three Months Ended
(In millions, except per share amounts) Mar. 31 Jun. 30 Sep. 30 Dec. 31
Year ended December 31, 2009:
Net sales and operating revenues $ 1,002.1 $ 965.7 $ 990.0 $ 1,318.2
Cost of products sold 534.5 520.9 518.9 739.2
Gross profit 467.6 444.8 471.1 579.0
SG&A expense 365.8 335.7 380.7 425.7
Depreciation and amortization 21.5 21.1 20.5 20.6
Impairment of long-lived assets 0.2 0.3 0.5 0.5
Total operating expenses 387.5 357.1 401.7 446.8
Operating income 80.1 87.7 69.4 132.2
Interest income 1.5 1.5 0.9 0.9
Interest expense (11.5) (11.1) (11.2) (10.3)
Other loss -- -- (1.6) --
Income before taxes 70.1 78.1 57.5 122.8
Income tax expense 27.0 29.3 20.1 47.1
Net income $ 43.1 $ 48.8 $ 37.4 $ 75.7
Net income per share:
Basic and diluted $ 0.34 $ 0.39 $ 0.30 $ 0.60
Shares used in computing income per
share:
Basic 125.4 125.4 125.5 125.5
Diluted 125.4 125.8 126.3 127.1