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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 29, 2012
Dec. 31, 2011
Jan. 01, 2011
Sales and other revenue $ 44,206.5 $ 43,630.2 $ 41,050.0
Cost of goods sold (32,486.5) (31,836.5) (29,442.5)
Gross profit 11,720.0 11,793.7 11,607.5
Operating and administrative expense (10,615.9) (10,659.1) (10,448.1)
Operating profit 1,104.1 1,134.6 1,159.4
Interest expense (304.0) (272.2) (298.5)
Other income, net 28.3 19.7 20.3
Income before income taxes 828.4 882.1 881.2
Income taxes (262.2) (363.9) (290.6)
Income from continuing operations 566.2 518.2 590.6
Gain from discontinued operations, net of tax 31.9 [1],[2] 0 0
Net income before allocation to noncontrolling interests 598.1 518.2 590.6
Less noncontrolling interests (1.6) (1.5) (0.8)
Net income attributable to Safeway Inc. $ 596.5 $ 516.7 $ 589.8
Basic earnings per share:      
Continuing operations (usd per share) $ 2.28 $ 1.49 $ 1.56
Discontinued operations (usd per share) $ 0.13 [1],[2] $ 0.00 $ 0.00
Total, Basic (usd per share) $ 2.41 $ 1.49 [2],[3] $ 1.56
Diluted earnings per share:      
Continuing operations (usd per share) $ 2.27 $ 1.49 $ 1.55
Discontinued operations (usd per share) $ 0.13 [1],[2] $ 0.00 $ 0.00
Total, Diluted (usd per share) $ 2.40 $ 1.49 [2],[3] $ 1.55
Weighted average shares outstanding – basic (in shares) 245.6 343.4 378.3
Weighted average shares outstanding – diluted (in shares) 245.9 343.8 379.6
[1] In the fourth quarter of 2012, Safeway results included a pre-tax gain from legal settlements of $46.5 million.
[2] See Note Q, Discontinued Operations.
[3] In the first quarter of 2011, Safeway incurred an estimated tax charge of $80.2 million as a result of the decision to repatriate $1.1 billion from Safeway's wholly-owned Canadian subsidiary.