Whole Foods 2014 Annual Report Download - page 38

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35
Whole Foods Market, Inc.
Consolidated Statements of Operations
Fiscal years ended September 28, 2014, September 29, 2013 and September 30, 2012
(In millions, except per share amounts)
2014 2013 2012
Sales $ 14,194 $ 12,917 $ 11,699
Cost of goods sold and occupancy costs 9,150 8,288 7,543
Gross profit 5,044 4,629 4,156
Direct store expenses 3,586 3,285 2,983
General and administrative expenses 446 397 372
Pre-opening expenses 67 52 47
Relocation, store closure and lease termination costs 11 12 10
Operating income 934 883 744
Investment and other income, net of interest expense 12 11 8
Income before income taxes 946 894 752
Provision for income taxes 367 343 286
Net income $ 579 $ 551 $ 466
Basic earnings per share $ 1.57 $ 1.48 $ 1.28
Weighted average shares outstanding 367.8 371.2 364.8
Diluted earnings per share $ 1.56 $ 1.47 $ 1.26
Weighted average shares outstanding, diluted basis 370.5 374.5 368.9
Dividends declared per common share $ 0.48 $ 1.40 $ 0.28
The accompanying notes are an integral part of these consolidated financial statements.