O'Reilly Auto Parts 2007 Annual Report Download - page 31

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29
(In thousands, except per share data)
December 31, 2007 2006 2005
Sales $ 2,522,319 $ 2,283,222 $ 2,045,318
Cost of goods sold, including warehouse
and distribution expenses 1,401,859 1,276,511 1,152,815
Gross profit 1,120,460 1,006,711 892,503
Operating, selling, general and administrative expenses 815,309 724,396 639,979
Operating income 305,151 282,315 252,524
Other income (expense), net:
Interest expense (3,723) (4,322) (5,062)
Interest income 4,077 1,573 1,582
Other, net 1,983 2,699 2,025
Total other income (expense), net 2,337 (50) (1,455)
Income before income taxes 307,488 282,265 251,069
Provision for income taxes 113,500 104,180 86,803
Net income $ 193,988 $ 178,085 $ 164,266
Basic income per common share:
Net income per common share $1.69 $ 1.57 $ 1.47
Weighted-average common shares outstanding 114,667 113,253 111,613
Income per common share-assuming dilution:
Net income per common share-assuming dilution $1.67 $ 1.55 $ 1.45
Adjusted weighted-average common shares outstanding 116,080 115,119 113,385
See accompanying Notes to Consolidated Financial Statements.
Consolidated Statements Of Income