IHOP 2012 Annual Report Download - page 117
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DineEquity, Inc. and Subsidiaries
Notes to the Consolidated Financial Statements (Continued)
21. Consolidating Financial Information (Continued)
99
Supplemental Condensed Consolidating Statement of Operations
For the Year Ended December 31, 2012
(In millions(1))
Parent
Combined
Guarantor
Subsidiaries
Combined
Non-guarantor
Subsidiaries Eliminations and
Reclassification Consolidated
Franchise revenues........................................... $ 2.6 $ 417.7 $ 1.1 $ — $ 421.4
Restaurant sales................................................ — 291.1 — — 291.1
Rental revenues................................................ — 122.9 — — 122.9
Financing revenues .......................................... — 14.5 — — 14.5
Total revenue............................................... 2.6 846.2 1.1 — 849.9
Franchise expenses........................................... 2.5 107.3 0.1 — 109.9
Restaurant expenses......................................... — 249.3 — — 249.3
Rental expenses................................................ — 97.2 — — 97.2
Financing expenses.......................................... — 1.6 — — 1.6
General and administrative .............................. 36.3 124.9 2.0 — 163.2
Interest expense................................................ 106.1 8.2 — — 114.3
Impairment and closure charges ...................... — 3.5 0.7 — 4.2
Amortization of intangible assets..................... — 12.3 — — 12.3
Loss on extinguishment of debt....................... 5.6 — — — 5.6
Loss (gain) on disposition of assets ................. 1.2 (102.2)(1.6) — (102.6)
Other (income) expense................................... (220.7) — — 220.7 —
Income (loss) before income taxes .................. 71.6 344.1 (0.1)(220.7) 194.9
Benefit (provision) for income taxes ............... 56.0 (123.2) — — (67.2)
Net income (loss) ............................................ $ 127.6 $ 220.9 $ (0.1) $ (220.7) $ 127.7
(1) Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands