Whole Foods 2010 Annual Report Download - page 39

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33
Whole Foods Market, Inc.
Consolidated Statements of Operations
(In thousands, except per share amounts)
Fiscal years ended September 26, 2010, September 27, 2009 and September 28, 2008
2010 2009 2008
Sales $ 9,005,794 $ 8,031,620 $ 7,953,912
Cost of goods sold and occupancy costs 5,870,393 5,277,310 5,247,207
Gross profit 3,135,401 2,754,310 2,706,705
Direct store expenses 2,375,716 2,145,809 2,107,940
General and administrative expenses 272,449 243,749 270,428
Pre-opening expenses 38,044 49,218 55,554
Relocation, store closure and lease termination costs 11,217 31,185 36,545
Operating income 437,975 284,349 236,238
Interest expense (33,048) (36,856) (36,416)
Investment and other income 6,854 3,449 6,697
Income before income taxes 411,781 250,942 206,519
Provision for income taxes 165,948 104,138 91,995
Net income 245,833 146,804 114,524
Preferred stock dividends 5,478 28,050 -
Income available to common shareholders $ 240,355 $ 118,754 $ 114,524
Basic earnings per share $ 1.45 $ 0.85 $ 0.82
Weighted average shares outstanding 166,244 140,414 139,886
Diluted earnings per share $ 1.43 $ 0.85 $ 0.82
Weighted average shares outstanding, diluted basis 171,710 140,414 140,011
Dividends declared per common share $ - $ - $ 0.60
The accompanying notes are an integral part of these consolidated financial statements.