O'Reilly Auto Parts 2001 Annual Report Download - page 23

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Page 21
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
YEARS ENDED DECEMBER 31, 2001 2000 1999
Product sales $1,092,112 $890,421 $754,122
Cost of goods sold, including warehouse and distribution expenses 624,294 507,720 428,832
Operating, selling, general and administrative expenses 353,987 292,672 248,370
978,281 800,392 677,202
Operating income 113,831 90,029 76,920
Other income (expense):
Interest expense (9,092) (8,362) (5,343)
Interest income 1,362 439 402
Other, net 626 1,053 1,045
(7,104) (6,870) (3,896)
Income before income taxes 106,727 83,159 73,024
Provision for income taxes 40,375 31,451 27,385
Net income $66,352 $51,708 $ 45,639
Basic income per common share:
Net income per common share $ 1.27 $1.01 $0.94
Weighted-average common shares outstanding 52,121 51,168 48,674
Income per common share – assuming dilution:
Net income per common share – assuming dilution $ 1.26 $1.00 $ 0.92
Adjusted weighted-average common shares outstanding 52,786 51,728 49,715
See Notes to Consolidated Financial Statements.