JCPenney 2015 Annual Report Download - page 26
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Table of Contents
The following table reconciles net income/(loss) and diluted EPS from
continuing operations, the most directly comparable GAAP financial measures, to adjusted net income/(loss) and adjusted diluted EPS from continuing
operations, non-GAAP financial measures:
(1) (1) (1) (1)
Net income/(loss) (GAAP) from continuing operations $ (513)
$ (717)
$ (1,278)
$ (795)
$ (274)
Diluted EPS (GAAP) from continuing operations $ (1.68)
$ (2.35)
$ (5.13)
$ (3.63)
$ (1.26)
Add: markdowns - inventory strategy alignment, net of tax of $-,
$-, $-, $60 and $- —
—
—
95 (2) —
Add: restructuring and management transition charges, net of
tax of $-, $-, $28, $116 and $145 84 (3) 87 (3) 187 (4) 182 (2) 306 (5)
Add/(deduct): primary pension plan expense/(income), net of
tax of $-, $-, $(5), $(7), and $107 154 (3) (18) (3) (47) (6)(7) (11) (2) 167 (2)
Add: Loss on extinguishment of debt, net of tax of $-, $-, $-, $-
and $- 10 (3) 34 (3) 114 (3) —
—
Less: Net gain on sale or redemption of non-operating assets, net
of tax of $-, $-, $1, $146 and $- (9) (3) (25) (3) (131) (8) (251) (5) —
Less: Proportional share of net income from home office land
joint venture, net of tax of $-, $-, $-, $- and $- (41) (3) (53) (3) —
—
—
Less: Certain net gains, net of tax of $-, $2, $-, $- and $- —
(86) (8) —
—
—
Less: Tax impact resulting from other comprehensive income
allocation —
—
(250) (9) —
—
$ (315)
$ (778) (1) $ (1,405) (1) $ (780) (1) $ 199 (1)
$ (1.03)
$ (2.55) (1) $ (5.64) (1) $ (3.56) (1) $ 0.90 (1)(10)
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