GNC 2008 Annual Report Download - page 70

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Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands)
Successor Predecessor
March 16 - January 1 - Year ended Year ended
December 31, March 15, December 31, December 31,
2007 2007 2006 2005
Revenue $ 1,222,987 $ 329,829 $ 1,487,116 $ 1,317,708
Cost of sales, including costs of warehousing, distribution and occupancy 814,238 212,175 983,530 898,740
Gross profit 408,749 117,654 503,586 418,968
Compensation and related benefits 195,792 64,311 260,825 228,626
Advertising and promotion 35,062 20,473 50,745 44,661
Other selling, general and administrative 71,213 17,396 92,310 76,111
Foreign currency gain (424) (154) (666) (555)
Merger- related costs — 34,603 — —
Other expense — — 1,203 (2,500)
Operating income (loss) 107,106 (18,975) 99,169 72,625
Interest expense, net (Note 13) 75,522 43,036 39,568 43,078
Income (loss) before income taxes 31,584 (62,011) 59,601 29,547
Income tax expense (benefit) (Note 5) 12,600 (10,697) 22,226 10,881
Net income (loss) 18,984 (51,314) 37,375 18,666
Other comprehensive (loss) income (852) (283) 100 61
Comprehensive income (loss) $ 18,132 $ (51,597) $ 37,475 $ 18,727
The accompanying notes are an integral part of the consolidated financial statements.
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