Whole Foods 2011 Annual Report Download - page 40

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34
Whole Foods Market, Inc.
Consolidated Statements of Operations
(In thousands, except per share amounts)
Fiscal years ended September 25, 2011, September 26, 2010 and September 27, 2009
2011 2010 2009
Sales $ 10,107,787 $ 9,005,794 $ 8,031,620
Cost of goods sold and occupancy costs 6,571,238 5,869,519 5,276,493
Gross profit 3,536,549 3,136,275 2,755,127
Direct store expenses 2,628,811 2,376,590 2,146,626
General and administrative expenses 310,920 272,449 243,749
Pre-opening expenses 40,852 38,044 49,218
Relocation, store closure and lease termination costs 8,346 11,217 31,185
Operating income 547,620 437,975 284,349
Interest expense (3,882) (33,048) (36,856)
Investment and other income 7,974 6,854 3,449
Income before income taxes 551,712 411,781 250,942
Provision for income taxes 209,100 165,948 104,138
Net income 342,612 245,833 146,804
Preferred stock dividends - 5,478 28,050
Income available to common shareholders $ 342,612 $ 240,355 $ 118,754
Basic earnings per share $ 1.96 $ 1.45 $ 0.85
Weighted average shares outstanding 175,221 166,244 140,414
Diluted earnings per share $ 1.93 $ 1.43 $ 0.85
Weighted average shares outstanding, diluted basis 177,279 171,710 140,414
Dividends declared per common share $ 0.40 $ - $ -
The accompanying notes are an integral part of these consolidated financial statements.