GNC 2010 Annual Report Download - page 118
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Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
The following table represents key financial information of the Company's business segments:
Successor Predecessor
Year Ended Year Ended March 16 - January 1 -
December 31, December 31, December 31, March 15,
2009 2008 2007 2007
(in thousands)
Revenue:
Retail $ 1,256,314 $ 1,219,305 $ 909,264 $ 259,313
Franchise 264,168 258,020 193,896 47,237
Manufacturing/Wholesale:
Intersegment (1) 201,306 180,070 133,051 35,477
Third Party 186,525 179,404 119,827 23,279
Sub total Manufacturing/Wholesale 387,831 359,474 252,878 58,756
Sub total segment revenues 1,908,313 1,836,799 1,356,038 365,306
Intersegment elimination (1) (201,306) (180,070) (133,051) (35,477)
Total revenue $ 1,707,007 $ 1,656,729 $ 1,222,987 $ 329,829
(1) Intersegment revenues are eliminated from consolidated revenue.
Operating income (loss):
Retail $ 153,142 $ 140,916 $ 106,448 $ 28,249
Franchise 80,800 80,816 55,000 14,518
Manufacturing/Wholesale 73,450 67,378 38,915 10,267
Unallocated corporate and other costs:
Warehousing and distribution costs (53,557) (54,266) (40,697) (10,667)
Corporate costs (72,644) (65,063) (52,560) (26,739)
Merger-related costs — — — (34,603)
Sub total unallocated corporate and other costs (126,201) (119,329) (93,257) (72,009)
Total operating income (loss) 181,191 169,781 107,106 (18,975)
Interest expense, net 69,953 83,000 75,522 43,036
Income before income taxes 111,238 86,781 31,584 (62,011)
Income tax expense (benefit) 41,619 32,001 12,600 (10,697)
Net income (loss) $ 69,619 $ 54,780 $ 18,984 $ (51,314)
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