GNC 2012 Annual Report Download - page 108

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Table of Contents
NOTE 16. SEGMENTS (Continued)
The following table represents key financial information of the Company's segments:
Year ended December 31,
2011 2010 2009
(in thousands)
Revenue:
Retail $ 1,518,494 $ 1,344,358 $ 1,256,314
Franchise 334,792 293,549 264,168
Manufacturing/Wholesale:
Intersegment(1) 224,127 209,465 201,306
Third Party 218,893 184,261 186,525
Sub total Manufacturing/Wholesale 443,020 393,726 387,831
Sub total segment revenues 2,296,306 2,031,633 1,908,313
Intersegment elimination(1) (224,127) (209,465) (201,306)
Total revenue $ 2,072,179 $ 1,822,168 $ 1,707,007
Intersegment revenues are eliminated from consolidated revenue.(1)
Year ended December 31,
2011 2010 2009
(in thousands)
Operating income:
Retail $ 243,506 $ 181,873 $ 153,142
Franchise 111,261 93,821 80,800
Manufacturing/Wholesale 82,185 69,421 73,450
Unallocated corporate and other costs:
Warehousing and distribution costs (60,539) (54,983) (53,557)
Corporate costs (93,906) (77,726) (72,809)
Sub total unallocated corporate and other costs (154,445) (132,709) (126,366)
Total operating income 282,507 212,406 181,026
Interest expense, net 74,903 65,376 69,940
Income before income taxes 207,604 147,030 111,086
Income tax expense 75,271 50,463 41,562
Net income $ 132,333 $ 96,567 $ 69,524
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