Advance Auto Parts 2014 Annual Report Download - page 89

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ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
January 3, 2015, December 28, 2013 and December 29, 2012
(in thousands, except per share data)
F-42
Condensed Consolidating Statements of Operations
For Fiscal 2014
Advance
Auto Parts,
Inc.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net sales $ — $ 9,530,953 $ 527,595 $ (214,687) $ 9,843,861
Cost of sales, including purchasing and
warehousing costs — 5,231,421 373,514 (214,687) 5,390,248
Gross profit — 4,299,532 154,081 — 4,453,613
Selling, general and administrative
expenses 14,504 3,541,370 102,370 (56,341) 3,601,903
Operating (loss) income (14,504) 758,162 51,711 56,341 851,710
Other, net:
Interest expense (52,946) (20,334)(128)—
(73,408)
Other income (expense), net 67,470 (9,140) 1,103 (56,341) 3,092
Total other, net 14,524 (29,474) 975 (56,341)(70,316)
Income before provision for income taxes 20 728,688 52,686 — 781,394
Provision for income taxes 296 277,769 9,504 — 287,569
(Loss) income before equity in earnings of
subsidiaries (276) 450,919 43,182 — 493,825
Equity in earnings of subsidiaries 494,101 43,182 — (537,283)—
Net income $ 493,825 $ 494,101 $ 43,182 $ (537,283) $ 493,825
Condensed Consolidating Statements of Comprehensive Income
For Fiscal 2014
Advance
Auto Parts,
Inc.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net income $ 493,825 $ 494,101 $ 43,182 $ (537,283) $ 493,825
Other comprehensive loss:
Changes in net unrecognized other
postretirement benefit costs — (752)— —
(752)
Currency translation — — (15,268)—
(15,268)
Equity in other comprehensive loss of
subsidiaries (16,020) (15,268) — 31,288 —
Other comprehensive loss (16,020) (16,020)(15,268) 31,288 (16,020)
Comprehensive income $ 477,805 $ 478,081 $ 27,914 $ (505,995) $ 477,805