O'Reilly Auto Parts 2012 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2012 O'Reilly Auto Parts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 95

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95

FORM 10-k
48
Consolidated Statements of Income
(In thousands, except per share data)
For the Year Ended December 31,
2012 2011 2010
Sales $ 6,182,184 $ 5,788,816 $ 5,397,525
Cost of goods sold, including warehouse and distribution expenses 3,084,766 2,951,467 2,776,533
Gross profit 3,097,418 2,837,349 2,620,992
Selling, general and administrative expenses 2,120,025 1,973,381 1,887,316
Former CSK officer clawback - (2,798) -
Legacy CSK DOJ investigation charge - - 20,900
Operating income 977,393 866,766 712,776
Other income (expense):
Interest expense (40,200) (28,165) (39,273)
Interest income 2,441 2,245 1,941
Write-off of asset-based revolving credit facility debt issuance costs - (21,626) -
Termination of interest rate swap agreements - (4,237) -
Gain on settlement of note receivable - - 11,639
Other, net 1,887 790 2,290
Total other expense (35,872) (50,993) (23,403)
Income before income taxes 941,521 815,773 689,373
Provision for income taxes 355,775 308,100 270,000
N
et income $ 585,746 $ 507,673 $ 419,373
Earnings per share-basic:
Earnings per share $ 4.83 $ 3.77 $ 3.02
Wei
g
hte
d
-avera
g
e common shares outstandin
g
–
b
asic 121,182 134,667 138,654
Earnings per share-assuming dilution:
Earnings per share $ 4.75 $ 3.71 $ 2.95
Wei
g
hte
d
-avera
g
e common shares outstandin
g
–
assumin
g
dilution 123,314 136,983 141,992
See accompanying Notes to consolidated financial statements.