Macy's 2013 Annual Report Download - page 93
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Table of Contents
Net sales $ —
$13,233
$23,471
$(8,773)
$27,931
Cost of sales —
(8,168)
(17,276)
8,719
(16,725)
Gross margin —
5,065
6,195
(54)
11,206
Selling, general and administrative expenses (8)
(4,443)
(4,043)
54
(8,440)
Impairments, store closing and other costs
and gain on sale of leases —
(37)
(51)
—
(88)
Operating income (loss) (8)
585
2,101
—
2,678
Interest (expense) income, net:
External 1
(388)
(1)
—
(388)
Intercompany (2)
(176)
178
—
—
Equity in earnings of subsidiaries 1,492
557
—
(2,049)
—
Income before income taxes 1,483
578
2,278
(2,049)
2,290
Federal, state and local income
tax benefit (expense) 3
33
(840)
—
(804)
Net income $1,486
$611
$1,438
$(2,049)
$1,486
Comprehensive income $1,752
$ 877
$1,434
$(2,311)
$1,752
F-47