Neiman Marcus 2005 Annual Report Download - page 135

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Forty-three weeks ended July 29, 2006 (Successor)
(in thousands) Company NMG
Non-
Guarantors
Subsidiaries Eliminations Consolidated
Revenues $ — $ 2,885,321 $ 578,741 $ (1,843 ) $ 3,462,219
Cost of goods sold including buying and occupancy
costs (excluding depreciation) — 1,885,917 375,742 (2,522 ) 2,259,137
Selling, general and administrative expenses (excluding
depreciation) — 704,846 117,258 — 822,104
Income from credit card operations — (44,765 ) (4,588 ) — (49,353
Depreciation expense — 89,545 21,541 — 111,086
Amortization of customer lists and favorable lease
commitments — 49,830 10,335 — 60,165
Operating earnings — 199,948 58,453 679 259,080
Interest expense, net — 217,664 266 — 217,930
Intercompany royalty charges (income) — 201,879 (201,879 ) —
Equity in earnings of subsidiaries (12,455 )(246,686 )— 259,141
Earnings (loss) from continuing operations before
income taxes and minority interest 12,455 27,091 260,066 (258,462 ) 41,150
Income taxes — 14,636 — — 14,636
Earnings (loss) from continuing operations before
minority interest 12,455 12,455 260,066 (258,462 ) 26,514
Minority interest in net earnings of subsidiaries — — — (204 )(204
Earnings (loss) from continuing operations 12,455 12,455 260,066 (258,666 ) 26,310
(Loss) earnings from discontinued operation, net of
taxes — — (14,317 )462 (13,855
Net earnings (loss) $ 12,455 $ 12,455 $ 245,749 $ (258,204 )$ 12,455
Nine weeks ended October 1, 2005 (Predecessor)
(in thousands) NMG
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Revenues $ 530,666 $ 113,839 $ (1,128 ) $ 643,377
Cost of goods sold including buying and occupancy costs (excluding
depreciation) 312,454 66,630 (842 ) 378,242
Selling, general and administrative expenses (excluding depreciation) 135,278 25,405 — 160,683
Income from credit card operations (6,994 ) (824 ) — (7,818
Depreciation expense 16,118 3,608 — 19,726
Transaction and other costs 23,544 — — 23,544
Operating earnings 50,266 19,020 (286 ) 69,000
Interest (income) expense, net (909 ) 20 — (889
Intercompany royalty charges (income) 46,240 (46,240 ) — —
Equity in earnings of subsidiaries (64,955 )— 64,955 —
Earnings (loss) from continuing operations before income taxes and
minority interest 69,890 65,240 (65,241 ) 69,889
Income taxes 25,736 — — 25,736
Earnings (loss) from continuing operations before minority interest 44,154 65,240 (65,241 ) 44,153
Minority interest in net loss of subsidiaries — — 347 347
Earnings (loss) from continuing operations 44,154 65,240 (64,894 ) 44,500
(Loss) earnings from discontinued operation, net of taxes — (552 )206 (346
Net earnings (loss) $ 44,154 $ 64,688 $ (64,688 )$ 44,154
F-51