Macy's 2013 Annual Report Download - page 98
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Table of Contents
Net sales $ —
$13,405
$ 21,312
$(8,312)
$26,405
Cost of sales —
(8,274)
(15,721)
8,257
(15,738)
Gross margin —
5,131
5,591
(55)
10,667
Selling, general and administrative expenses 5
(4,585)
(3,756)
55
(8,281)
Impairments, store closing and other costs
and gain on sale of leases —
28
(3)
—
25
Operating income 5
574
1,832
—
2,411
Interest (expense) income, net:
External 1
(443)
(1)
—
(443)
Intercompany (1)
(191)
192
—
—
Equity in earnings of subsidiaries 1,253
548
—
(1,801)
—
Income before income taxes 1,258
488
2,023
(1,801)
1,968
Federal, state and local income
tax benefit (expense) (2)
27
(737)
—
(712)
Net income $1,256
$515
$1,286
$(1,801)
$1,256
Comprehensive income $925
$184
$1,150
$(1,334)
$925
F-52