INCOME STATEMENT
2004
2005
2006
REVENUE Net Sales Membership Fees Total Revenue
$47,148,627 $51,879,070 $58,963,180 961,280 1,073,156 1,188,047 48,109,907 52,952,226 60,151,227
OPERATING EXPENSES
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Merchandise Costs SG&A Preopening Expenses Impared Assets and Closing Costs Operating Income Gross Profit
42,092,016 4,600,792 30,451 1,000 1,385,648 5,056,611
46346961 5061339 53230 16393 1,474,303 5,532,109
52745497 5732141 42504 5453 1,625,632 6,217,683
-36651 51627 6,457,235 518,231 5,939,004
-34437 109096 7,081,071 485870 6,595,201
-12570 138355 7,969,100 648202 7,320,898
12.84 1.85
13.96 2.18
15.84 2.3
459,223 482,459 $0.49
473,945 492035 0.43
469718 480341 0.49
2004 462,673
2005 472,480
2006 462,279
OTHER INCOME (EXPENSE) Interest Expense Interest Income and Other
IBIT Provisions For Income Taxes
NET INCOME NET INCOME PER COMMON SHARE Basic Diluted Shares Used In Calculations (000's) Basic Diluted Dividends Per Share
Amount of Shares Outstanding
2007
2008
2009
66,038,762 1,330,612.64 67,369,374
73,963,413 1,490,286.16 75,453,699
82,839,023 1,669,120.50 84,508,143
67,369,374 66,038,762
75,453,699 73,963,413
84,508,143 82,839,023
133,408,136
149,417,112
167,347,166
133,408,136
149,417,112
167,347,166
#DIV/0!
#DIV/0!
#DIV/0!
2007
2008
2009
Net Sales Food Sundries Hardlines Softlines Other
12% 30% 24% 20% 12% 14%
2006 58,963,180 17,688,954 14,151,163 11,792,636 7,075,582 8,254,845
2007 66,038,762 19,811,628 15,849,303 13,207,752 7,924,651 9,245,427
2008 73,963,413 22,189,024 17,751,219 14,792,683 8,875,610 10,354,878
2009 82,839,023 24,851,707 19,881,365 16,567,805 9,940,683 11,597,463
13.7 10.1 13.1 36.9 12.3