O'Reilly Auto Parts 2003 Annual Report Download - page 39

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consolidated statements of income
page 37
(In thousands, except per share data)
december 31, 2003 2002 2001
Product sales $1,511,816 $1,312,490 $1,092,112
Cost of goods sold, including warehouse and
distribution expenses 873,481 759,090 624,294
Operating, selling, general and administrative expenses 473,060 415,099 353,987
1,346,541 1,174,189 978,281
Operating income 165,275 138,301 113,831
Other income (expense):
Interest expense (6,864) (9,248) (9,092)
Interest income 298 989 1,362
Other, net 1,333 940 626
(5,233) (7,319) (7,104)
Income before income taxes 160,042 130,982 106,727
Provision for income taxes 59,955 48,990 40,375
Net income $ 100,087 $ 81,992 $ 66,352
Basic income per common share:
Net income per common share $ 1.86 $1.54 $ 1.27
Weighted-average common shares outstanding 53,908 53,114 52,121
Income per common share – assuming dilution:
Net income per common share – assuming dilution $ 1.84 $1.53 $ 1.26
Adjusted weighted-average common shares outstanding 54,530 53,692 52,786
See accompanying notes.