Urban Outfitters 2012 Annual Report Download - page 55

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Table of Contents
URBAN OUTFITTERS, INC.
Consolidated Statements of Income
(in thousands, except share and per share data)
Fiscal Year Ended January 31,
2012 2011 2010
Net sales $ 2,473,801 $ 2,274,102 $ 1,937,815
Cost of sales, including certain buying, distribution and occupancy costs 1,613,265 1,337,482 1,151,670
Gross profit 860,536 936,620 786,145
Selling, general and administrative expenses 575,811 522,417 447,161
Income from operations 284,725 414,203 338,984
Interest income 5,120 4,669 6,290
Other income 553 486 463
Other expenses (1,567) (2,150) (1,331)
Income before income taxes 288,831 417,208 344,406
Income tax expense 103,580 144,250 124,513
Net income $ 185,251 $ 272,958 $ 219,893
Net income per common share:
Basic $ 1.20 $ 1.64 $ 1.31
Diluted $ 1.19 $ 1.60 $ 1.28
Weighted average common shares outstanding:
Basic 154,025,589 166,896,322 168,053,502
Diluted 156,191,289 170,333,550 171,230,245
The accompanying notes are an integral part of these consolidated financial statements.
F-4