O'Reilly Auto Parts 2014 Annual Report Download - page 50
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FORM 10-K
43
Consolidated Statements of Income
(In thousands, except per share data)
For the Year Ended
December 31,
2014 2013 2012
Sales $ 7,216,081 $ 6,649,237 $ 6,182,184
Cost of goods sold, including warehouse and distribution expenses 3,507,180 3,280,236 3,084,766
Gross profit 3,708,901 3,369,001 3,097,418
Selling, general and administrative expenses 2,438,527 2,265,516 2,120,025
Operating income 1,270,374 1,103,485 977,393
Other income (expense):
Interest expense (53,290)(49,074) (40,200)
Interest income 2,301 1,992 2,441
Other, net 2,797 2,539 1,887
Total other expense (48,192)(44,543) (35,872)
Income before income taxes 1,222,182 1,058,942 941,521
Provision for income taxes 444,000 388,650 355,775
Net income $ 778,182 $ 670,292 $ 585,746
Earnings per share-basic:
Earnings per share $ 7.46 $ 6.14 $ 4.83
Weighted-average common shares outstanding – basic 104,262 109,244 121,182
Earnings per share-assuming dilution:
Earnings per share $ 7.34 $ 6.03 $ 4.75
Weighted-average common shares outstanding – assuming dilution 106,041 111,101 123,314
See accompanying Notes to consolidated financial statements.