Tech Data 2013 Annual Report Download - page 86

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Table of Contents
78
Consolidated Statement of Income
Quarter ended
AS RESTATED April 30
July 31
October 31
January 31
(In thousands, except per share amounts)
Fiscal year 2013:
Net sales
$
5,910,063
$
5,968,419
$
6,037,475
$
7,442,372
Cost of products sold
5,586,655
5,665,826
5,731,396
7,071,398
Gross profit
323,408
302,593
306,079
370,974
Operating expenses:
Selling, general and administrative expense
240,950
242,282
242,484
284,156
Value added tax assessment
0
0
0
29,462
240,950
242,282
242,484
313,618
Operating income
82,458
60,311
63,595
57,356
Interest expense
3,069
3,422
4,359
19,276
Other expense, net
235
1,812
1,070
1,011
Income before income taxes
79,154
55,077
58,166
37,069
Provision for income taxes
23,142
16,550
14,106
(7,372
)
Consolidated net income
56,012
38,527
44,060
44,441
Net income attributable to noncontrolling interest
(1,834
)
(3,828
)
(1,123
)
0
Net income attributable to shareholders of
Tech Data Corporation
$
54,178
$
34,699
$
42,937
$
44,441
Net income per share attributable to shareholders of Tech Data
Corporation:
Basic
$
1.32
$
0.89
$
1.14
$
1.18
Diluted
$
1.30
$
0.89
$
1.13
$
1.17