GNC 2008 Annual Report Download - page 109
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Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The following table represents key financial information of the Company's business segments:
Successor Predecessor
March 16 - January 1 - Year Ended Year Ended
December 31, March 15, December 31, December 31,
2007 2007 2006 2005
(in thousands)
Revenue:
Retail $ 909,264 $ 259,313 $ 1,122,670 $ 989,493
Franchise 193,896 47,237 232,289 212,750
Manufacturing/Wholesale:
Intersegment (1) 133,051 35,477 170,310 163,847
Third Party 119,827 23,279 132,157 115,465
Sub total Manufacturing/Wholesale 252,878 58,756 302,467 279,312
Sub total segment revenues 1,356,038 365,306 1,657,426 1,481,555
Intersegment elimination (1) (133,051) (35,477) (170,310) (163,847)
Total revenue $ 1,222,987 $ 329,829 $ 1,487,116 $ 1,317,708
(1) Intersegment revenues are eliminated from consolidated revenue.
Operating income (loss):
Retail $ 106,448 $ 28,249 $ 127,444 $ 77,191
Franchise 55,000 14,518 64,060 51,976
Manufacturing/Wholesale 38,915 10,267 51,040 45,960
Unallocated corporate and other (costs) income:
Warehousing and distribution costs (40,697) (10,667) (50,706) (49,986)
Corporate costs (52,560) (26,739) (91,466) (55,016)
Merger-related costs — (34,603) — —
Other (expense) income — — (1,203) 2,500
Sub total unallocated corporate and other
(costs) income (93,257) (72,009) (143,375) (102,502)
Total operating income (loss) 107,106 (18,975) 99,169 72,625
Interest expense, net 75,522 43,036 39,568 43,078
Income before income taxes 31,584 (62,011) 59,601 29,547
Income tax expense 12,600 (10,697) 22,226 10,881
Net income $ 18,984 $ (51,314) $ 37,375 $ 18,666
105