AutoZone 2000 Annual Report Download - page 22

Download and view the complete annual report

Please find page 22 of the 2000 AutoZone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 36

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36

Consolidated Statements of Income
Year Ended (52 Weeks)
August 26, August 28, August 29,
2000 1999 1998
(in thousands, except per share data)
Net sales $4,482,696 $4,116,392 $3,242,922
Cost of sales, including warehouse and delivery expenses 2,602,386 2,384,970 1,889,847
Operating, selling, general and administrative expenses 1,368,290 1,298,327 970,768
Operating profit 512,020 433,095 382,307
Interest expense – net 76,830 45,312 18,204
Income before income taxes 435,190 387,783 364,103
Income taxes 167,600 143,000 136,200
Net income $ 267,590 $ 244,783 $ 227,903
Weighted average shares for basic earnings per share 132,945 149,014 152,160
Effect of dilutive stock equivalents 924 1,243 1,910
Adjusted weighted average shares for diluted earnings per share 133,869 150,257 154,070
Basic earnings per share $ 2.01 $ 1.64 $ 1.50
Diluted earnings per share $ 2.00 $ 1.63 $ 1.48
See Notes to Consolidated Financial Statements.
20