Cabela's 2008 Annual Report Download - page 68

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63
CABELA’S INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in Thousands Except Earnings Per Share)
Fiscal Years
2008 2007 2006
Revenue:
Merchandise sales $ 2,380,655 $ 2,173,995 $ 1,908,801
Financial services revenue 158,971 159,335 137,423
Other revenue 13,095 16,269 17,300
Total revenue 2,552,721 2,349,599 2,063,524
Cost of revenue:
Merchandise costs 1,539,157 1,376,691 1,199,851
Cost of other revenue 1,057 1,695 4,548
Total cost of revenue (exclusive of depreciation and amortization) 1,540,214 1,378,386 1,204,399
Selling, distribution, and administrative expenses 871,468 820,121 715,380
Operating income 141,039 151,092 143,745
Interest expense, net (29,658) (18,778)(16,126)
Other non-operating income, net 6,854 6,913 9,637
Income before provision for income taxes 118,235 139,227 137,256
Provision for income taxes 41,831 51,348 51,471
Net income $ 76,404 $ 87,879 $ 85,785
Basic net income per share $ 1.15 $ 1.34 $ 1.32
Diluted net income per share $ 1.14 $ 1.31 $ 1.29
Basic weighted average shares outstanding 66,384,004 65,744,077 65,221,339
Diluted weighted average shares outstanding 67,158,583 67,275,531 66,643,856
Refer to notes to consolidated financial statements.