IHOP 2013 Annual Report Download - page 120
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DineEquity, Inc. and Subsidiaries
Notes to the Consolidated Financial Statements (Continued)
18. Consolidating Financial Information (Continued)
99
Supplemental Condensed Consolidating Statement of Operations
For the Year Ended December 31, 2013
(In millions(1))
Parent
Combined
Guarantor
Subsidiaries
Combined
Non-guarantor
Subsidiaries
Eliminations and
Reclassification Consolidated
Franchise and restaurant revenues ................... $ 2.8 $ 498.5 $ 1.2 $ — $ 502.6
Rental revenues................................................ — 124.8 — — 124.8
Financing revenues .......................................... — 13.1 — — 13.1
Total revenue............................................... 2.8 636.4 1.2 — 640.5
Franchise and restaurant expenses................... 2.7 170.5 0.1 — 173.3
Rental expenses................................................ — 97.3 — — 97.3
Financing expenses .......................................... — 0.2 — — 0.2
General and administrative expenses............... 38.7 103.6 1.3 — 143.6
Interest expense................................................ 98.9 1.4 — — 100.3
Closure and impairment charges...................... — 1.5 0.3 — 1.8
Amortization of intangible assets..................... — 12.3 — — 12.3
Loss on extinguishment of debt ....................... 0.1———0.1
Loss (gain) on disposition of assets ................. — 0.8 (1.0)—
(0.2)
Other expense................................................... 1.3———1.3
Intercompany dividend .................................... (173.6) — — 173.6 —
Income before income taxes ............................ 34.7 248.9 0.6 (173.6) 110.6
Benefit (provision) for income taxes ............... 37.3 (75.9)— —
(38.6)
Net income ...................................................... $ 72.0 $ 173.0 $ 0.6 $ (173.6) $ 72.0
(1) Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands