Foot Locker 2014 Annual Report Download - page 58

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FOOT LOCKER, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
2014 2013 2012
(in millions, except per share amounts)
Sales $7,151 $6,505 $6,182
Cost of sales 4,777 4,372 4,148
Selling, general and administrative expenses 1,426 1,334 1,294
Depreciation and amortization 139 133 118
Impairment and other charges 4212
Interest expense, net 555
Other income (9) (4) (2)
6,342 5,842 5,575
Income before income taxes 809 663 607
Income tax expense 289 234 210
Net income $ 520 $ 429 $ 397
Basic earnings per share $ 3.61 $ 2.89 $ 2.62
Weighted-average shares outstanding 143.9 148.4 151.2
Diluted earnings per share $ 3.56 $ 2.85 $ 2.58
Weighted-average shares outstanding, assuming dilution 146.0 150.5 154.0
See Accompanying Notes to Consolidated Financial Statements.
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