Amendment No. 3 to Form S-1
Table of Content&
SAFEWAY INC. AND SUBSIDIARIES
Consolidated Statements of Income
(In millions, except per-share amounts)
53 Weeks 52 Weeks 52 Weeks
2014 2013 2012
Sales and other revenue $ 36,330.2 $ 35,064.9 $ 35,161.5
Cost of goods sold (26,648.2) (25,833.4) (25,932.4)
Gross profit 9,682.0 9,231.5 9,229.1
Operating and administrative expense (9,147.5) (8,680.0) (8.593.7)
Operating profit 534.5 551.5 635.4
Interest expense (198.9) (273.0) (300.6)
Loss on extinguishment of debt (84.4) (10.1)
Loss on foreign currency translation (131.2) (57.4)
Other income, net 45.0 40.6 27.4
Income before income taxes 165.0 251.6 362.2
Income taxes (61.8) (34.5) (113.0)
Income from continuing operations, net of tax 103.2 217.1 249.2
Income from discontinued operations, net of tax 9.3 3,305.1 348.9
Net income before allocation to noncontrolling interests 112.5 3,522.2 598.1
Less noncontrolling interests 0.9 (14.7) (1.6)
Net income attributable to Safeway Inc. $ 113.4 $ 3,507.5 $ 596.5
Basic earnings per share:
Continuing operations $ 0.44 $ 0.90 $ 1.01
Discontinued operations $ 0.04 $ 13.63 $ 1.40
Total $ 0.48 $ 14.53 $ 2.41
Diluted earnings per share:
Continuing operations $ 0.44 $ 0.89 1.00
Discontinued operations $ 0.04 $ 13.49 $ 1.40
Total $ 0.48 $ 14.38 $ 2.40
Weighted average shares outstanding—basic 228.8 239.1 245.6
Weighted average shares outstanding—diluted 230.7 241.5 245.9
See accompanying notes to consolidated financial statements.
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