Sally Beauty Supply 2011 Annual Report Download - page 105
Download and view the complete annual report
Please find page 105 of the 2011 Sally Beauty Supply 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.-
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 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
 |
 |
SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Statements of Earnings
Fiscal Years ended September 30, 2011, 2010 and 2009
(In thousands, except per share data)
2011 2010 2009
Net sales ......................................... $3,269,131 $2,916,090 $2,636,600
Cost of products sold and distribution expenses ............. 1,674,526 1,511,716 1,393,283
Gross profit ..................................... 1,594,605 1,404,374 1,243,317
Selling, general and administrative expenses ............... 1,086,414 1,012,321 899,415
Depreciation and amortization ......................... 59,722 51,123 47,066
Operating earnings ................................ 448,469 340,930 296,836
Interest expense ................................... 112,530 112,982 132,022
Earnings before provision for income taxes .............. 335,939 227,948 164,814
Provision for income taxes ............................ 122,214 84,120 65,697
Net earnings .................................... $ 213,725 $ 143,828 $ 99,117
Basic earnings per share ............................ $ 1.17 $ 0.79 $ 0.55
Diluted earnings per share .......................... $ 1.14 $ 0.78 $ 0.54
Weighted average shares:
Basic .......................................... 183,020 181,985 181,691
Diluted ........................................ 188,093 184,088 183,306
The accompanying notes to consolidated financial statements are an integral part of these financial
statements.
F-5