| |
|
(in millions, except per
share data)
|
 |
| Year
Ended |
Febuary 25, 2000
|
Febuary 26, 1999
|
Febuary 27,1998
|
|
| Net sales
|
$
3,316.1)
|
$
2,742.5
|
$
2,760.0)
|
| Cost of
sales |
2,213.4)
|
1,753.1
|
1,756.6)
|
|
| Gross
profit |
1,102.7)
|
989.4
|
1,003.4)
|
Selling,
general and
administrative expenses |
830.9)
|
672.2
|
686.0)
|
|
| Operating
income |
271.8)
|
317.2
|
317.4)
|
| Interest
expense |
(15.9)
|
—
|
(1.7)
|
| Other
income, net |
40.5)
|
20.2
|
24.3)
|
|
Income
before provision for income taxes and
equity in net income of joint ventures and
dealer transitions |
296.4)
|
337.4
|
340.0)
|
| Provision
for income taxes |
115.5)
|
124.9
|
130.9)
|
|
|
Income
before equity in net income of
joint ventures and dealer transitions
|
180.9)
|
212.5
|
209.1)
|
Equity
in net income of joint ventures and
dealer transitions |
3.3)
|
8.9
|
7.9)
|
|
| Net income |
$
184.2)
|
$
221.4
|
$
217.0)
|
 |
| Earnings
per share (basic and diluted) |
$
1.21)
|
$
1.44
|
$
1.40)
|
|
| The
accompanying notes are an integral part of these consolidated
financial statements.
|
|
