JCPenney 2015 Annual Report Download - page 58

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Table of Contents
 





Total net sales
$ 12,625
$ 12,257
$ 11,859
Cost of goods sold
8,074
7,996
8,367
Gross margin
4,551
4,261
3,492
Operating expenses/(income):
Selling, general and administrative (SG&A)
3,775
3,993
4,114
Pension
162
(48)
(41)
Depreciation and amortization
616
631
601
Real estate and other, net
3
(148)
(155)
Restructuring and management transition
84
87
215
Total operating expenses
4,640
4,515
4,734
Operating income/(loss)
(89)
(254)
(1,242)
Loss on extinguishment of debt
10
34
114
Net interest expense
405
406
352
Income/(loss) before income taxes
(504)
(694)
(1,708)
Income tax expense/(benefit)
9
23
(430)
Net income/(loss)
$ (513)
$ (717)
$ (1,278)
Earnings/(loss) per share:
Basic
$ (1.68)
$ (2.35)
$ (5.13)
Diluted
(1.68)
(2.35)
(5.13)
Weighted average shares – basic
305.9
305.2
249.3
Weighted average shares – diluted
305.9
305.2
249.3

58