Barnes and Noble 2008 Annual Report Download - page 6

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FISCAL YEAR
(In thousands, except per share data) 2008 2007 2006 2005 2004
STATEMENT OF OPERATIONS DATA:
Sales
Barnes & Noble stores $ 4,525,020 4,648,409 4,533,912 4,356,611 4,121,398
B. Dalton stores 67,525 84,497 102,004 141,584 176,490
Barnes & Noble.com 466,082 476,870 433,425 439,657 419,821
Othera63,177 76,898 70,277 56,080 52,445
Total sales 5,121,804 5,286,674 5,139,618 4,993,932 4,770,154
Cost of sales and occupancy 3,540,596 3,679,845 3,534,097 3,455,536 3,313,071
Gross profi t 1,581,208 1,606,829 1,605,521 1,538,396 1,457,083
Selling and administrative expenses 1,251,524 1,225,791 1,178,038 1,112,005 1,029,895
Depreciation and amortization 173,557 168,600 166,581 169,354 178,139
Pre-opening expenses 12,796 10,387 12,897 10,938 8,862
Operating profi t 143,331 202,051 248,005 246,099 240,187
Interest income (expense), net and amortization of
deferred fi nancing feesb(2,344) 7,483 1,680 (1,296) (10,978)
Debt redemption chargec — — — — (14,582)
Earnings from continuing operations before taxes
and minority interest 140,987 209,534 249,685 244,803 214,627
Income taxes 55,591 74,623 100,499 99,758 92,290
Earnings from continuing operations before minority
interest 85,396 134,911 149,186 145,045 122,337
Minority interestd30 — — — —
Earnings from continuing operations 85,426 134,911 149,186 145,045 122,337
Earnings (loss) from discontinued operations (net of
income tax)e(9,506) 888 1,341 1,636 21,039
Net earnings $ 75,920 135,799 150,527 146,681 143,376
Basic earnings per common share
Earnings from continuing operations $ 1.55 2.12 2.29 2.15 1.77
Earnings (loss) from discontinued operations (0.17) 0.01 0.02 0.02 0.30
Net earnings $ 1.38 2.13 2.31 2.17 2.08
Diluted earnings per common share
Earnings from continuing operations $ 1.49 2.01 2.16 2.01 1.67
Earnings (loss) from discontinued operations (0.17) 0.01 0.02 0.02 0.26
Net earnings $ 1.32 2.03 2.17 2.03 1.93
Dividends paid per share $ 0.90 0.60 0.60 0.30 —
2008 Annual Report 5