O'Reilly Auto Parts 2009 Annual Report Download - page 59

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45
Consolidated Statements of Income
(In thousands, except per share data)
Years ended December 31,
2009 2008 2007
Sales $
4,847,062 $
3,576,553 $
2,522,319
Cost of goods sold, including warehouse
and distribution expenses 2,520,534 1,948,627 1,401,859
Gross profit 2,326,528 1,627,926 1,120,460
Selling, general and administrative expenses 1,788,909 1,292,309 815,309
Operating income 537,619 335,617 305,151
Other income (expense), net:
Debt prepayment costs -- (7,157) --
Interim facility commitment fee -- (4,150) --
Interest expense (45,176) (26,138) (3,723)
Interest income 1,543 3,185 4,077
Other, net 2,912 1,175 1,983
Total other income (expense), net (40,721) (33,085) (2,337)
Income before income taxes 496,898 302,532 307,488
Provision for income taxes 189,400 116,300 113,500
Net income $
307,498 $
186,232 $
193,988
Basic income per common share:
Net income per common share $
2.26 $
1.50 $
1.69
Weighted-average common shares outstanding 136,230 124,526 114,667
Income per common share-assuming dilution:
Net income per common share-assuming dilution $
2.23 $
1.48 $
1.67
Adjusted weighted-average common shares outstanding 137,882 125,413 116,080
See accompanying Notes to Consolidated Financial Statements.