Analyzing, Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance sheet of Whole Foods Market, Inc. Income Statement, For Years Ended (in $ 000s) 2010 2009 $ 9,005,794 $ 8,031,620 Sales Cost of goods sold and occupancy costs 5,870,393 5,277,310 Gross profit 3,135,401 2,754,310 Direct store expenses 2,375,716 2,145,809 General administrative expenses 272,449 243,749 Pre-opening expenses 38,044 49,218 Relocation, store closures and lease termination costs 11,217 31,185 Operating income 437,975 284,349 Interest expense (33,048) (36,856) Investment and other income 3,449 6,854 250,942 Income before income taxes 411,781 Provision for income taxes 165,948 104,138 $ 146,804 $ 245,833 Net income Balance Sheet,($ 000s) 2010 2009 Assets $ 430,130 $ 131,996 Cash and cash equivalents Short-term investments-available-for-sale securities 329,738 Restricted cash 71,023 86,802 Accounts receivable 133,346 104,731 323,487 Merchandise inventories 310,602 Prepaid expenses and other current assets 54,686 51,137 Deferred income taxes 101,464 87,757 Total current assets 1,161,519 1,055,380 Property and equipment, net of accum depr and amortization 1,897,853 1,886,130 Long-term investments--available-for-sale securities 96,146 Goodwill 658,254 665,224 Intangible assets, net of accumulated amortization 69,064 73,035 Deferred income taxes 99,156 91,000 Other assets 9.301 7.866