GNC 2009 Annual Report Download - page 122
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Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Supplemental Condensed Consolidating Statements of Operations
Combined Combined
Predecessor Guarantor Non-Guarantor
Period ended March 15, 2007 Issuer Subsidiaries Subsidiaries Eliminations Consolidated
(in thousands)
Revenue $ — $ 314,632 $ 17,489 $ (2,292) $ 329,829
Cost of sales, including costs of warehousing, distribution and occupancy — 201,973 12,494 (2,292) 212,175
Gross profit — 112,659 4,995 — 117,654
Compensation and related benefits — 61,615 2,696 — 64,311
Advertising and promotion — 20,435 38 — 20,473
Other selling, general and administrative 86 17,514 (204) — 17,396
Subsidiary (income) expense (12,958) (1,581) — 14,539 —
Other (income) expense 34,603 — (154) — 34,449
Operating income (loss) (21,731) 14,676 2,619 (14,539) (18,975)
Interest expense, net 42,981 (539) 594 — 43,036
Income (loss) before income taxes (64,712) 15,215 2,025 (14,539) (62,011)
Income tax (benefit) expense (13,398) 2,257 444 — (10,697)
Net income (loss) $ (51,314) $ 12,958 $ 1,581 $ (14,539) $ (51,314)
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