IHOP 2010 Annual Report Download - page 159
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DineEquity, Inc. and Subsidiaries
Notes to the Consolidated Financial Statements (Continued)
23. Consolidating Financial Information (Continued)
Supplemental Condensed Consolidating Statement of Operations
For the Year Ended December 31, 2008
(in millions)
Combined
Combined Non-
Guarantor guarantor Eliminations and
Parent Subsidiaries Subsidiaries Reclassification Consolidated
Revenues
Franchise revenues ................ $ — $ 352.1 $ 1.5 $ (0.3) $ 353.3
Restaurant sales .................. — 1,073.4 29.9 — 1,103.3
Rental revenues .................. — 131.1 0.2 — 131.3
Financing revenues ............... — 25.7 — — 25.7
Total revenue .................. — 1,582.3 31.6 (0.3) 1,613.6
Franchise expenses ................ — 95.2 1.0 — 96.2
Restaurant expenses ............... — 947.5 30.7 — 978.2
Rental expenses .................. — 97.9 0.1 — 98.0
Financing expenses ................ — 7.3 — — 7.3
General and administrative .......... 30.3 147.2 4.8 182.3
Interest expense .................. — 203.1 — — 203.1
Impairment and closure ............ — 230.5 10.1 — 240.6
Amortization of intangible assets ...... — 12.2 — — 12.2
Gain on extinguishment of debt ...... — (15.2) — — (15.2)
Loss (gain) on disposition of assets .... — (0.3) 0.1 — (0.2)
Other (income) expense ............ (1.4) (57.1) (1.4) 59.2 (0.7)
Intercompany dividend ............. (97.4) — — 97.4 —
Income (loss) before taxes .......... 68.5 (86.0) (13.9) (156.8) (188.2)
Benefit (provision) for income taxes . . . 11.2 13.4 9.1 — 33.7
Net (loss) income ................. $79.7 $ (72.6) $ (4.8) $(156.8) $ (154.5)
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