GNC 2009 Annual Report Download - page 72
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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
Year ended March 16- January 1- Year ended
December 31, December 31, March 15, December 31,
2008 2007 2007 2006
Revenue $ 1,656,729 $ 1,222,987 $ 329,829 $ 1,487,116
Cost of sales, including costs of warehousing, distribution and occupancy 1,082,630 814,238 212,175 983,530
Gross profit 574,099 408,749 117,654 503,586
Compensation and related benefits 249,793 195,792 64,311 260,825
Advertising and promotion 55,060 35,062 20,473 50,745
Other selling, general and administrative 98,732 71,213 17,396 92,310
Foreign currency loss (gain) 733 (424) (154) (666)
Merger-related costs (Note 1) — — 34,603 —
Other expense — — — 1,203
Operating income (loss) 169,781 107,106 (18,975) 99,169
Interest expense, net (Note 12) 83,000 75,522 43,036 39,568
Income (loss) before income taxes 86,781 31,584 (62,011) 59,601
Income tax expense (benefit) (Note 5) 32,001 12,600 (10,697) 22,226
Net income (loss) 54,780 18,984 (51,314) 37,375
Other comprehensive income (loss) (13,205) (852) (283) 100
Comprehensive income (loss) $ 41,575 $ 18,132 $ (51,597) $ 37,475
The accompanying notes are an integral part of the consolidated financial statements.
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