O'Reilly Auto Parts 2000 Annual Report Download - page 23

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2000 AR
21
(In thousands, except per share data)
Years ended December 31, 2000 1999 1998
Product sales $ 890,421 $ 754,122 $ 616,302
Cost of goods sold, including warehouse and distribution expenses 507,720 428,832 358,439
Operating, selling, general and administrative expenses 292,672 248,370 200,962
800,392 677,202 559,401
Operating income 90,029 76,920 56,901
Other income (expense):
Interest expense (8,362) (5,343) (8,126)
Interest income 439 402 396
Other, net 1,053 1,045 772
(6,870) (3,896) (6,958)
Income before income taxes 83,159 73,024 49,943
Provision for income taxes 31,451 27,385 19,171
Net income $ 51,708 $ 45,639 $ 30,772
Basic income per common share:
Net income per common share $ 1.01 $ 0.94 $ 0.72
Weighted-average common shares outstanding 51,168 48,674 42,476
Income per common share – assuming dilution:
Net income per common share – assuming dilution $ 1.00 $ 0.92 $ 0.71
Adjusted weighted-average common shares outstanding 51,728 49,715 43,204
See accompanying notes.
CONSOLIDATED STATEMENTS
OF INCOME
O’REILLY AUTOMOTIVE