Albertsons 2002 Annual Report Download - page 22

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February 23, 2002 February 24, 2001 February 26, 2000
(In thousands, except per share data) (52 weeks) (52 weeks) (52 weeks)
Net sales $20,908,522 $23,194,279 $20,339,079
Costs and expenses
Cost of sales 18,307,974 20,635,564 18,111,296
Selling and administrative expenses 2,037,771 2,042,259 1,705,003
Gain on sale of Hazelwood Farms Bakeries ——(163,662)
Restructure and other charges 46,300 171,264 103,596
Interest
Interest expense 194,294 212,898 154,482
Interest income 21,520 22,063 19,090
Interest expense, net 172,774 190,835 135,392
Total costs and expenses 20,564,819 23,039,922 19,891,625
Earnings before income taxes 343,703 154,357 447,454
Provision for income taxes
Current 61,808 110,872 225,554
Deferred 76,360 (38,480) (21,041)
Income tax expense 138,168 72,392 204,513
Net earnings $ 205,535 $ 81,965 $ 242,941
Weighted average number of common shares outstanding
Diluted 133,978 132,829 130,090
Basic 132,940 132,251 129,162
Net earnings per common share – diluted $ 1.53 $ 0.62 $ 1.87
Net earnings per common share – basic $ 1.55 $ 0.62 $ 1.88
See notes to consolidated financial statements.
Consolidated Statements of Earnings
20