Neiman Marcus 2006 Annual Report Download - page 147

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Fiscal year ended July 30, 2005 (Predecessor)
(in thousands) NMG
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Revenues $ 3,175,675 $ 518,492 $ 907 $ — $ 3,695,074
Cost of goods sold including buying and occupancy
costs (excluding depreciation) 2,009,096 339,543 568 — 2,349,207
Selling, general and administrative expenses
(excluding depreciation) 796,060 112,101 (855 ) — 907,306
Income from credit card program — — (71,644 ) — (71,644
Depreciation expense 84,832 18,301 456 — 103,589
Loss on disposition of Chef's Catalog 7,048 8,300 — — 15,348
Gain on credit card sale — — (6,170 )— (6,170
Operating earnings 278,639 40,247 78,552 — 397,438
Interest expense, net 7,019 — 5,242 — 12,261
Intercompany royalty charges (income) 195,572 (195,572 ) — —
Equity in earnings of subsidiaries (314,149 )— — 314,149
Earnings (loss) from continuing operations before
income taxes 390,197 235,819 73,310 (314,149 ) 385,177
Income taxes 141,373 — — — 141,373
Earnings (loss) from continuing operations 248,824 235,819 73,310 (314,149 ) 243,804
Earnings (loss) from discontinued operations, net of
taxes — — 8,857 (3,837 )5,020
Net earnings (loss) $ 248,824 $ 235,819 $ 82,167 $ (317,986 )$ 248,824
F-48