Whole Foods 2009 Annual Report Download - page 48

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42
Whole Foods Market, Inc.
Consolidated Statements of Operations
(In thousands, except per share amounts)
Fiscal years ended September 27, 2009, September 28, 2008 and September 30, 2007
2009 2008 2007
Sales $ 8,031,620 $ 7,953,912 $ 6,591,773
Cost of goods sold and occupancy costs 5,277,310 5,247,207 4,295,170
Gross profit 2,754,310 2,706,705 2,296,603
Direct store expenses 2,145,809 2,107,940 1,711,229
General and administrative expenses 243,749 270,428 217,743
Pre-opening expenses 49,218 55,554 59,319
Relocation, store closure and lease termination costs 31,185 36,545 10,861
Operating income 284,349 236,238 297,451
Interest expense (36,856) (36,416) (4,208)
Investment and other income 3,449 6,697 11,324
Income before income taxes 250,942 206,519 304,567
Provision for income taxes 104,138 91,995 121,827
Net income 146,804 114,524 182,740
Preferred stock dividends 28,050 - -
Income available to common shareholders $ 118,754 $ 114,524 $ 182,740
Basic earnings per share $ 0.85 $ 0.82 $ 1.30
Weighted average shares outstanding 140,414 139,886 140,088
Diluted earnings per share $ 0.85 $ 0.82 $ 1.29
Weighted average shares outstanding, diluted basis 140,414 140,011 141,836
Dividends declared per common share $ - $ 0.60 $ 0.87
The accompanying notes are an integral part of these consolidated financial statements.