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SAFEWAY INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In millions, except per-share amounts) (Unaudited) 16 Weeks Ended 52 Weeks Ended -------------------------- -------------------------- December 29, December 31, December 29, December 31, 2012 2011 2012 2011 ------------ ------------ ------------ ------------Sales and other revenue $ 13,767.4 $ 13,597.6 $ 44,206.5 $ 43,630.2Cost of goods sold (10,118.6) (9,965.2) (32,486.5) (31,836.5) ----------- ----------- ----------- -----------Gross profit 3,648.8 3,632.4 11,720.0 11,793.7Operating and administrative (10,659.1) expense (3,200.0) (3,242.3) (10,615.9) ----------- ----------- ----------- -----------Operating profit 448.8 390.1 1,104.1 1,134.6Interest expense (87.7) (84.3) (304.0) (272.2)Other income, net 8.5 3.9 28.3 19.7 ----------- ----------- ----------- -----------Income before income taxes 369.6 309.7 828.4 882.1Income taxes (114.6) (92.9) (262.2) (363.9) ----------- ----------- ----------- -----------Income from continuing operations, net of tax 255.0 216.8 566.2 518.2(Loss) gain from discontinued operations, net of tax (9.6) - 31.9 - ----------- ----------- ----------- -----------Net income before allocation to noncontrolling interests 245.4 216.8 598.1 518.2Noncontrolling interests (1.4) (1.2) (1.6) (1.5) ----------- ----------- ----------- -----------Net income attributable to Safeway Inc. $ 244.0 $ 215.6 $ 596.5 $ 516.7 =========== =========== =========== ===========Basic earnings per common share: Continuing operations $ 1.06 $ 0.67 $ 2.28 $ 1.49 Discontinued operations (0.04) - 0.13 - ----------- ----------- ----------- ----------- Total $ 1.02 $ 0.67 $ 2.41 $ 1.49 =========== =========== =========== ===========Diluted earnings per common share: Continuing operations $ 1.06 $ 0.67 $ 2.27 $ 1.49 Discontinued operations (0.04) - 0.13 - ----------- ----------- ----------- ----------- Total $ 1.02 $ 0.67 $ 2.40 $ 1.49 =========== =========== =========== ===========Weighted average shares outstanding: Basic 237.1 321.6 245.6 343.4 =========== =========== =========== =========== Diluted 237.3 321.6 245.9 343.8 =========== =========== =========== ===========
