Safeway 2010 Annual Report Download - page 35

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SAFEWAY INC. AND SUBSIDIARIES
Item 6. Selected Financial Data
(Dollars in millions, except
per-share amounts)
52 Weeks
2010
52 Weeks
2009
53 Weeks
2008
52 Weeks
2007
52 Weeks
2006
Results of Operations
Sales and other revenue $ 41,050.0 $ 40,850.7 $ 44,104.0 $ 42,286.0 $ 40,185.0
Gross profit 11,607.5 11,693.5 12,514.8 12,152.9 11,581.0
Operating and administrative expense (10,448.1) (10,348.0) (10,662.1) (10,380.8) (9,981.2)
Goodwill impairment charge –(1,974.2) – – –
Operating profit (loss) 1,159.4 (628.7) 1,852.7 1,772.1 1,599.8
Interest expense (298.5) (331.7) (358.7) (388.9) (396.1)
Other income, net 20.3 7.1 10.6 20.4 36.3
Income (loss) before income taxes 881.2 (953.3) 1,504.6 1,403.6 1,240.0
Income taxes (290.6) (144.2) (539.3) (515.2) (369.4)
Net income (loss) before allocation to
noncontrolling interest 590.6 (1,097.5) 965.3 888.4 870.6
Less noncontrolling interests (0.8) ––––
Net income (loss) attributable to
Safeway Inc. $ 589.8 $ (1,097.5) $ 965.3 $ 888.4 $ 870.6
Basic earnings (loss) per share $ 1.56 $ (2.66) $ 2.23 $ 2.02 $ 1.96
Diluted earnings (loss) per share $ 1.55 $ (2.66) $ 2.21 $ 1.99 $ 1.94
Weighted average shares
outstanding (in millions):
Basic 378.3 412.9 433.8 440.3 444.9
Diluted 379.6 412.9 436.3 445.7 447.8
Cash dividends declared
per common share $ 0.46 $ 0.3828 $ 0.3174 $ 0.2645 $ 0.2225
19