W.W. Grainger Inc.

GWW ·Industrials, Industrial Distribution, United States
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2009 FY2008 FY2007 FY2006
Revenue $6.22B $6.85B $6.42B $5.87B
High-Touch Solutions N.A. $0 $0 $0 $0
Endless Assortment $0 $0 $0 $0
U.S. $5.23B $5.81B $5.59B $5.23B
Canada $613.0M $675.0M $560.0M $459.0M
Other Businesses $380.0M $367.0M $268.0M $182.0M
Other $0 $0 $0 $0
Cost of Revenue $3.62B $4.04B $3.81B
Gross Profit $2.60B $2.81B $2.60B
Gross Margin 41.8% 41.0% 40.5%
Operating Expenses
Research & Development
SG&A Expense $1.93B $2.03B $1.93B
Operating Income $665.2M $782.7M $670.7M
Operating Margin 10.7% 11.4% 10.4%
Interest Expense $8.8M $14.5M $3.0M
Pretax Income
Income Tax Expense $276.6M $297.9M $261.7M
Net Income $430.5M $475.4M $420.1M
Net Margin 6.9% 6.9% 6.5%
EPS (Basic) $5.70 $6.07 $5.01
EPS (Diluted) $5.62 $5.97 $4.91
Shares Outstanding (Basic) 73.8M 76.6M 82.4M
Shares Outstanding (Diluted) 74.9M 77.9M 84.2M
Dividends Per Share $1.78 $1.55 $1.34
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