Albertsons 2008 Annual Report Download - page 73

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SUPERVALU INC. and Subsidiaries
CONSOLIDATED STATEMENTS OF EARNINGS
(In millions, except per share data)
February 23, 2008
(52 weeks)
February 24, 2007
(52 weeks)
February 25, 2006
(52 weeks)
Net sales $44,048 $37,406 $19,864
Costs and expenses
Cost of sales 33,943 29,267 16,977
Selling and administrative expenses 8,421 6,834 2,452
Operating earnings 1,684 1,305 435
Interest
Interest expense 725 600 139
Interest income 18 42 33
Interest expense, net 707 558 106
Earnings before income taxes 977 747 329
Provision for income taxes 384 295 123
Net earnings $ 593 $ 452 $ 206
Net earnings per share—basic $ 2.80 $ 2.38 $ 1.52
Net earnings per share—diluted $ 2.76 $ 2.32 $ 1.46
Weighted average number of shares outstanding
Basic 211 189 136
Diluted 215 196 146
See Notes to Consolidated Financial Statements.
F-7