Dollar General 2008 Annual Report Download - page 119

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117
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
64,827
982,321
34,933
(121,151)
960,930
Transaction and related costs 101,397
-
-
- 101,397
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)
PREDECESSOR
For the year ended February 2, 2007
DOLLAR
GENERAL
CORPORATION
GUARANTOR
SUBSIDIARIES
OTHER
SUBSIDIARIES
ELIMINATIONS
CONSOLIDATED
TOTAL
STATEMENTS OF
OPERATIONS:
Net sales
$
165,463
$
9,169,822
$
107,383
$
(272,846)
$
9,169,822
Cost of goods sold
-
6,801,617
-
-
6,801,617
Gross profit
165,463
2,368,205
107,383
(272,846)
2,368,205
Selling, general and administrative 149,272
2,154,371
89,132
(272,846) 2,119,929
Operating profit 16,191
213,834
18,251
- 248,276
Interest income (126,628)
(33,521)
(11,543)
164,690 (7,002)
Interest expense 60,856
138,749
-
(164,690) 34,915
Income before income taxes
81,963
108,606
29,794
-
220,363
Income taxes 36,513
36,568
9,339
- 82,420
Equity in subsidiaries’ earnings,
net of taxes
92,493
-
-
(92,493)
-
Net income $ 137,943 $
72,038 $ 20,455 $ (92,493) $ 137,943