Circuit City 2009 Annual Report Download - page 45
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Table of Contents
SYSTEMAX INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
See notes to consolidated financial statements.
42
Year Ended December 31,
2009
2008
2007
Net sales
$
3,165,995
$
3,032,961
$
2,779,875
Cost of sales
2,705,747
2,574,402
2,353,574
Gross profit
460,248
458,559
426,301
Selling, general and administrative expenses
386,857
375,192
332,359
Operating income
73,391
83,367
93,942
Foreign currency exchange loss (gain)
187
1,300
(1,562
)
Interest and other income, net
(768
)
(1,981
)
(5,505
)
Interest expense
887
305
986
Income before income taxes
73,085
83,743
100,023
Provision for income taxes
26,900
30,900
30,542
Net income
$
46,185
$
52,843
$
69,481
Net income per common share:
Basic
$
1.26
$
1.43
$
1.93
Diluted
$
1.24
$
1.40
$
1.84
Weighted average common and common equivalent shares:
Basic
36,706
36,950
35,968
Diluted
37,343
37,705
37,688