Safeway 2008 Annual Report Download - page 40

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SAFEWAY INC. AND SUBSIDIARIES
Item 6. Selected Financial Data
(Dollars in millions, except
per-share amounts)
53 Weeks
2008 (1)
52 Weeks
2007 (1)
52 Weeks
2006 (1)
52 Weeks
2005 (1)
52 Weeks
2004
Results of Operations
Sales and other revenue $ 44,104.0 $ 42,286.0 $ 40,185.0 $ 38,416.0 $ 35,822.9
Gross profit 12,514.8 12,152.9 11,581.0 11,112.9 10,595.3
Operating and
administrative expense (10,662.1) (10,380.8) (9,981.2) (9,898.2) (9,422.5)
Operating profit 1,852.7 1,772.1 1,599.8 1,214.7 1,172.8
Interest expense (358.7) (388.9) (396.1) (402.6) (411.2)
Other income, net 10.6 20.4 36.3 36.9 32.3
Income before income taxes 1,504.6 1,403.6 1,240.0 849.0 793.9
Income taxes (539.3) (515.2) (369.4) (287.9) (233.7)
Net income $ 965.3 $ 888.4 $ 870.6 $ 561.1 $ 560.2
Basic earnings per share $ 2.23 $ 2.02 $ 1.96 $ 1.25 $ 1.26
Diluted earnings per share $ 2.21 $ 1.99 $ 1.94 $ 1.25 $ 1.25
Weighted average shares
outstanding (in millions):
Basic 433.8 440.3 444.9 447.9 445.6
Diluted 436.3 445.7 447.8 449.8 449.1
Cash dividends declared
per common share (2) $ 0.3174 $ 0.2645 $ 0.2225 $ 0.15 $ –
20