CompUSA 2009 Annual Report Download - page 94
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34
SYSTEMAX INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
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
See notes to consolidated financial statements.