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PART II
ITEM 6. SELECTED FINANCIAL DATA
The following selected financial data is qualified in entirety by our consolidated financial statements (and the related Notes
thereto) contained in Item 15 and should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and
Results of Operations" in Item 7. We derived the selected financial data as of July 29, 2006 and July 30, 2005 and for the forty-three
weeks ended July 29, 2006, nine weeks ended October 1, 2005, fiscal years ended July 30, 2005 and July 31, 2004 from our audited
consolidated financial statements and related notes. The selected financial data as of July 31, 2004, August 2, 2003 and August 3, 2002
and for the fiscal years ended August 2, 2003 and August 3, 2002 reflect adjustments to the Predecessor's audited consolidated financial
statements to reclassify the operations of Gurwitch Products, L.L.C. as a discontinued operation. The selected financial data as of fiscal
year ended August 3, 2002 also reflect adjustments to the Predecessor's audited consolidated financial statements to reclassify certain
amounts related to the presentation of 1) construction allowances, 2) depreciation expense and 3) income from credit card operations in
order to conform such amounts to our current basis of presentation. Additionally, 2002 included 53 weeks of operations while the other
years presented consist of 52 weeks of operations.
(Successor) (Predecessor)
(in thousands)
Forty-three
weeks
ended
July 29,
2006
Nine
weeks
ended
October 1,
2005
Fiscal
year
ended
July 30,
2005
Fiscal
year
ended
July 31,
2004
Fiscal
year
ended
August 2,
2003
Fiscal
year
ended
August 3,
2002
OPERATING RESULTS
Revenues $ 3,462.2 $ 643.4 $ 3,774.8 $ 3,484.0 $ 3,045.8 $ 2,905.1
Cost of goods sold including buying and
occupancy costs (excluding
depreciation) 2,259.1 378.2 2,390.3 2,231.2 1,997.8 1,928.4
Selling, general and administrative
expenses (excluding depreciation) 822.1 160.7 931.6 863.4 799.2 771.4
Income from credit card operations (49.4) (7.8) (71.6) (55.8) (53.3) (49.5)
Depreciation and amortization 171.3 19.7 106.3 98.1 82.1 82.4
Operating earnings 259.1 69.0(2) 409.0(3) 343.2(5) 219.9 175.7(8)
Earnings from continuing operations
before income taxes, minority interest
and change in accounting principle 41.2 69.9 396.7 327.3 203.7 160.3
Net earnings $ 12.5(1) $ 44.2 $ 248.8(4) $ 204.8(6) $ 109.3(7) $ 99.6
(Successor) (Predecessor)
July 29,
2006
July 30,
2005
July 31,
2004
August 2,
2003
August 3,
2002
FINANCIAL POSITION
Cash and cash equivalents $ 224.8 $ 853.4 $ 368.4 $ 207.0 $ 177.7
Merchandise inventories 804.2 742.9 713.8 682.2 652.4
Total current assets 1,135.9 1,708.5 1,706.2 1,246.1 1,127.6
Property and equipment, net 1,043.8 851.4 748.4 732.1 685.8
Total assets 6,608.0 2,660.7 2,617.6 2,104.5 1,941.5
Current liabilities 699.1 617.3 727.7 530.4 518.5
Long-term liabilities $ 4,474.9 $ 457.3 $ 509.1 $ 428.0 $ 361.1
22