Safeway 2005 Annual Report Download - page 36

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SAFEWAY INC. AND SUBSIDIARIES
16
Item 6. Selected Financial Data
(Dollars in millions, except per-
share amounts)
52 Weeks
2005(1)
52 Weeks
2004
53 Weeks
2003
52 Weeks
2002
52 Weeks
2001
Results of Operations
Sales and other revenue $ 38,416.0 $ 35,822.9 $ 35,727.2 $ 34,917.2 $ 34,434.5
Gross profit 11,112.9 10,595.3 10,724.2 10,996.4 10,776.6
Operating and administrative
expense (9,898.2) (9,422.5) (9,421.2) (8,760.8) (8,047.4)
Goodwill impairment charges −−(729.1) (1,288.0) −
Goodwill amortization −−−−(140.4)
Operating profit 1,214.7 1,172.8 573.9 947.6 2,588.8
Interest expense (402.6) (411.2) (442.4) (430.8) (446.9)
Other income (expense), net 36.9 32.3 9.6 15.5 (46.9)
Income before income taxes
and cumulative effect of
accounting change 849.0 793.9 141.1 532.3 2,095.0
Income taxes (287.9) (233.7) (310.9) (660.4) (841.1)
Income (loss) before cumulative
effect of accounting change 561.1 560.2 (169.8) (128.1) 1,253.9
Cumulative effect of accounting
change −−−(700.0) −
Net income (loss) $ 561.1 $ 560.2 $ (169.8) $ (828.1) $ 1,253.9
Basic earnings (loss) per
common share:
Income (loss) before
cumulative effect of
accounting change $1.25$ 1.26 $ (0.38) $ (0.27) $ 2.49
Cumulative effect of
accounting change −−−(1.50) −
Net income (loss) $1.25$ 1.26 $ (0.38) $ (1.77) $ 2.49
Diluted earnings (loss) per
common share:
Income (loss) before
cumulative effect of
accounting change $1.25$ 1.25 $ (0.38) $ (0.27) $ 2.44
Cumulative effect of
accounting change −−−(1.50) −
Net income (loss) $1.25$ 1.25 $ (0.38) $ (1.77) $ 2.44
Cash dividends declared per
common share(2) $0.15$−$−$−$−