Foot Locker 2013 Annual Report Download - page 57

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Foot Locker, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
2013 2012 2011
(in millions, except per share amounts)
Sales $6,505 $6,182 $5,623
Cost of sales 4,372 4,148 3,827
Selling, general and administrative expenses 1,334 1,294 1,244
Depreciation and amortization 133 118 110
Impairment and other charges 212 5
Interest expense, net 556
Other income (4) (2) (4)
5,842 5,575 5,188
Income before income taxes 663 607 435
Income tax expense 234 210 157
Net income $ 429 $ 397 $ 278
Basic earnings per share $ 2.89 $ 2.62 $ 1.81
Weighted-average shares outstanding 148.4 151.2 153.0
Diluted earnings per share $ 2.85 $ 2.58 $ 1.80
Weighted-average shares outstanding, assuming dilution 150.5 154.0 154.4
See Accompanying Notes to Consolidated Financial Statements.
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