Foot Locker 2010 Annual Report Download - page 51

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CONSOLIDATED STATEMENTS OF OPERATIONS
2010 2009 2008
(in millions, except per share amounts)
Sales ............................................... $5,049 $4,854 $5,237
Cost of sales .......................................... 3,533 3,522 3,777
Selling, general and administrative expenses ..................... 1,138 1,099 1,174
Depreciation and amortization .............................. 106 112 130
Impairment and other charges .............................. 10 41 259
Interest expense, net .................................... 9 10 5
Other income.......................................... (4) (3) (8)
4,792 4,781 5,337
Income (loss) from continuing operations before income taxes......... 257 73 (100)
Income tax expense (benefit)............................... 88 26 (21)
Income (loss) from continuing operations ..................... 169 47 (79)
Income (loss) on disposal of discontinued operations, net of income tax
expense (benefit) of $—, $(1), and $—, respectively .............. — 1 (1)
Net income (loss) ...................................... $ 169 $ 48 $ (80)
Basic earnings per share:
Income (loss) from continuing operations ..................... $1.08 $ 0.30 $(0.52)
Income from discontinued operations........................ — — —
Net income (loss) ..................................... $1.08 $ 0.30 $(0.52)
Diluted earnings per share:
Income (loss) from continuing operations ..................... $1.07 $ 0.30 $(0.52)
Income from discontinued operations........................ — — —
Net income (loss) ..................................... $1.07 $ 0.30 $(0.52)
See Accompanying Notes to Consolidated Financial Statements.
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