Advance Auto Parts 2013 Annual Report Download - page 94

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F-42
ADVANCE AUTO PARTS, INC.
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
Condensed Parent Company Statements of Operations
For the Years Ended December 28, 2013, December 29, 2012 and December 31, 2011
(in thousands, except per share data)
Fiscal Years
2013 2012 2011
Selling, general and administrative expenses $ 13,303 $ 18,447 $ 21,603
Other income, net 13,016 19,062 23,046
(Loss) income before provision for income taxes (287) 615 1,443
Income tax (benefit) provision (117) 1,048 1,159
(Loss) income before equity in earnings of subsidiaries (170)(433) 284
Equity in earnings of subsidiaries 391,928 388,103 394,398
Net income $ 391,758 $ 387,670 $ 394,682
Basic earnings per share $ 5.36 $ 5.29 $ 5.21
Diluted earnings per share $ 5.32 $ 5.22 $ 5.11
Average common shares outstanding 72,930 73,091 75,620
Average common shares outstanding - assuming dilution 73,414 74,062 77,071
ADVANCE AUTO PARTS, INC.
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
Condensed Parent Company Statements of Comprehensive Income
For the Years Ended December 28, 2013, December 29, 2012 and December 31, 2011
(in thousands, except per share data)
Fiscal Years
2013 2012 2011
Net income $ 391,758 $ 387,670 $ 394,682
Other comprehensive income (loss), net of tax:
Changes in net unrecognized other postretirement benefit costs,
net of $503, $252 and $98 tax (438)(391)(152)
Postretirement benefit plan amendment, net of $904, $0 and $0
tax 1,454 — —
Unrealized gain (loss) on hedge arrangements, net of $0, $163 and
$163 tax — 254 (254)
Amortization of unrecognized losses on interest rate swaps, net of
$0, $0 and $3,644 tax — — 4,807
Total other comprehensive income (loss) 1,016 (137) 4,401
Comprehensive income $ 392,774 $ 387,533 $ 399,083
The accompanying notes to the condensed parent company financial information
are an integral part of this schedule.