Safeway 2010 Annual Report Download - page 50

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SAFEWAY INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(In millions, except per-share amounts)
52 Weeks
2010
52 Weeks
2009
53 Weeks
2008
Sales and other revenue $ 41,050.0 $ 40,850.7 $ 44,104.0
Cost of goods sold (29,442.5) (29,157.2) (31,589.2)
Gross profit 11,607.5 11,693.5 12,514.8
Operating and administrative expense (10,448.1) (10,348.0) (10,662.1)
Goodwill impairment charge –(1,974.2) –
Operating profit (loss) 1,159.4 (628.7) 1,852.7
Interest expense (298.5) (331.7) (358.7)
Other income, net 20.3 7.1 10.6
Income (loss) before income taxes 881.2 (953.3) 1,504.6
Income taxes (290.6) (144.2) (539.3)
Net income (loss) before allocation to noncontrolling interests 590.6 (1,097.5) 965.3
Less noncontrolling interests (0.8) ––
Net income (loss) attributable to Safeway Inc. $ 589.8 $ (1,097.5) $ 965.3
Basic income (loss) per common share attributable to Safeway Inc. $ 1.56 $ (2.66) $ 2.23
Diluted income (loss) per common share attributable to Safeway Inc. $ 1.55 $ (2.66) $ 2.21
Weighted average shares outstanding – basic 378.3 412.9 433.8
Weighted average shares outstanding – diluted 379.6 412.9 436.3
See accompanying notes to consolidated financial statements.
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