Dollar General 2007 Annual Report Download - page 108

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106
SUCCESSOR July 7, 2007 through February 1, 2008
DOLLAR
GENERAL
CORPORATION
GUARANTOR
SUBSIDIARIES
OTHER
SUBSIDIARIES ELIMINATIONS
CONSOLIDATED
TOTAL
STATEMENTS OF
OPERATIONS:
Net sales $ 96,300 $ 5,571,493 $ 65,057 $ (161,357) $ 5,571,493
Cost of goods sold - 3,999,599 - - 3,999,599
Gross profit 96,300 1,571,894 65,057
(161,357) 1,571,894
Selling, general and administrative 103,272 1,337,311 46,524
(161,357) 1,325,750
Operating profit (loss) (6,972) 234,583 18,533
- 246,144
Interest income (58,786) (23,206) (8,013)
86,206 (3,799)
Interest expense 274,104 64,991 8
(86,206) 252,897
Loss on interest rate swaps 2,390 - -
- 2,390
Loss on debt retirement, net 1,249 - -
- 1,249
Income (loss) before income taxes (225,929) 192,798 26,538
- (6,593)
Income taxes (76,881) 65,166 9,940
- (1,775)
Equity in subsidiaries’ earnings,
net of taxes 144,230 -
-
(144,230) -
Net income (loss) $ (4,818) $ 127,632 $ 16,598 $ (144,230) $ (4,818)
PREDECESSOR February 3, 2007 through July 6, 2007
DOLLAR
GENERAL
CORPORATION
GUARANTOR
SUBSIDIARIES
OTHER
SUBSIDIARIES ELIMINATIONS
CONSOLIDATED
TOTAL
STATEMENTS OF
OPERATIONS:
Net sales $ 76,945 $ 3,923,753 $ 44,206 $ (121,151) $ 3,923,753
Cost of goods sold - 2,852,178 - - 2,852,178
Gross profit 76,945 1,071,575 44,206
(121,151) 1,071,575
Selling, general and administrative 166,224 982,321 34,933
(121,151) 1,062,327
Operating profit (loss) (89,279) 89,254 9,273
- 9,248
Interest income (53,278) (11,472) (5,626)
65,330 (5,046)
Interest expense 19,796 55,828 5
(65,330) 10,299
Income (loss) before income taxes (55,797) 44,898 14,894
- 3,995
Income taxes (4,814) 11,924 4,883
- 11,993
Equity in subsidiaries’ earnings,
net of taxes 42,985 -
-
(42,985) -
Net income (loss) $ (7,998) $ 32,974 $ 10,011 $ (42,985) $ (7,998)