Neiman Marcus 2010 Annual Report Download - page 135

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Table of Contents
Fiscal year ended August 1, 2009
(in thousands) Company NMG
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Revenues $ — $ 3,067,882 $ 575,464 $ — $ 3,643,346
Cost of goods sold including buying
and occupancy costs (excluding
depreciation) — 2,132,190 404,574 — 2,536,764
Selling, general and administrative
expenses (excluding depreciation) — 772,882 109,855 — 882,737
Income from credit card program — (45,272) (4,694) — (49,966)
Depreciation expense — 133,604 17,155 — 150,759
Amortization of intangible assets and
favorable lease commitments — 60,359 12,344 — 72,703
Impairment charges — 307,989 395,277 703,266
Operating loss — (293,870) (359,047) — (652,917)
Interest expense, net — 235,567 7 — 235,574
Intercompany royalty charges (income) — 195,079 (195,079) — —
Equity in loss (earnings) of subsidiaries 668,046 163,975 — (832,021)—
(Loss) earnings before income taxes (668,046) (888,491) (163,975) 832,021 (888,491)
Income tax benefit — (220,445)— — (220,445)
Net (loss) earnings $ (668,046)$ (668,046)$ (163,975)$ 832,021 $ (668,046)
F-39