Neiman Marcus 2009 Annual Report Download - page 25

Table of Contents
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.
(Successor) (Predecessor)
(in millions)
Fiscal
year
ended
July 31,
2010
Fiscal
year
ended
August 1,
2009
Fiscal
year
ended
August 2,
2008 (1)
Fiscal
year
ended
July 28,
2007
Forty-three
weeks
ended
July 29,
2006
Nine
weeks
ended
October 1,
2005
OPERATING RESULTS
Revenues $ 3,692.8 $ 3,643.3 $ 4,600.5 $ 4,390.1 $ 3,397.7 $ 632.4
Cost of goods sold including buying and
occupancy costs (excluding
depreciation) 2,419.5 2,536.8 2,935.0 2,753.8 2,219.4 371.5
Selling, general and administrative
expenses (excluding depreciation) 885.4 882.7 1,045.4 1,015.1 802.4 155.6
Income from credit card program, net (59.1) (50.0) (65.7) (65.7) (49.4) (7.8)
Depreciation and amortization 215.1 223.5 220.6 208.7 166.6 19.2
Impairment charges — 703.2(2) 31.3(3) 11.5(4) — —
Operating earnings (loss) 231.8 (652.9)(2) 466.4(3) 476.8(4) 258.7 70.3(5)
(Loss) earnings from continuing
operations before income taxes (5.3) (888.5) 226.6 217.0 41.0 71.2
Loss from discontinued operations, net
of tax (6) — — — (22.8) (14.0) (0.8)
Net (loss) earnings $ (1.8) $ (668.0) $ 142.8 $ 111.9 $ 12.5 $ 44.2
(in millions)
July 31,
2010
August 1,
2009
August 2,
2008 (1)
July 28,
2007
July 29,
2006
FINANCIAL POSITION
Cash and cash equivalents $ 421.0 $ 323.4 $ 239.2 $ 141.2 $ 223.7
Merchandise inventories 790.5 766.8 991.6 933.4 807.3
Total current assets 1,360.1 1,234.5 1,378.6 1,231.9 1,150.9
Property and equipment, net 905.8 992.7 1,075.3 1,043.7 1,030.3
Total assets 5,532.3 5,594.0 6,571.7 6,517.9 6,623.0
Total current liabilities 662.5 576.4 721.7 784.8 714.1
Long-term debt, excluding current
maturities $ 2,879.7 $ 2,954.2 $ 2,946.1 $ 2,945.9 $ 3,195.7
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