Neiman Marcus 2014 Annual Report Download - page 147
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Table of Contents
Revenues
$ —
$ 4,127,954
$ 967,133
$ —
$ 5,095,087
Cost of goods sold including buying and occupancy
costs (excluding depreciation)
—
2,677,767
627,711
—
3,305,478
Selling, general and administrative expenses
(excluding depreciation)
—
975,259
186,816
—
1,162,075
Income from credit card program
—
(47,434)
(5,335)
—
(52,769)
Depreciation expense
—
163,737
21,813
—
185,550
Amortization of intangible assets and favorable lease
commitments
—
82,185
55,095
—
137,280
Other expenses
—
31,881
7,593
—
39,474
Operating earnings
—
244,559
73,440
—
317,999
Interest expense, net
—
287,776
2,147
—
289,923
Intercompany royalty charges (income)
—
148,678
(148,678)
—
—
Foreign currency loss (gain)
—
—
18,351
(18,351)
—
Equity in loss (earnings) of subsidiaries
(14,949)
(208,540)
—
223,489
—
Earnings (loss) before income taxes
14,949
16,645
201,620
(205,138)
28,076
Income tax expense (benefit)
—
15,023
(6,920)
5,024
13,127
Net earnings (loss)
$ 14,949
$ 1,622
$ 208,540
$ (210,162)
$ 14,949
Total other comprehensive earnings (loss), net of tax
(33,799)
(16,913)
(3,558)
20,471
(33,799)
Total comprehensive earnings (loss)
$ (18,850)
$ (15,291)
$ 204,982
$ (189,691)
$ (18,850)
Revenues
$ —
$ 3,103,810
$ 606,383
$ —
$ 3,710,193
Cost of goods sold including buying and occupancy
costs (excluding depreciation)
—
2,164,309
398,679
—
2,562,988
Selling, general and administrative expenses
(excluding depreciation)
—
724,085
110,921
—
835,006
Income from credit card program
—
(36,795)
(3,877)
—
(40,672)
Depreciation expense
—
100,097
13,237
—
113,334
Amortization of intangible assets and favorable lease
commitments
—
107,450
41,176
—
148,626
Other expenses
—
78,467
3,613
—
82,080
Operating earnings (loss)
—
(33,803)
42,634
—
8,831
Interest expense, net
—
232,739
—
—
232,739
Intercompany royalty charges (income)
—
106,783
(106,783)
—
—
Equity in loss (earnings) of subsidiaries
134,083
(149,417)
—
15,334
—
Earnings (loss) before income taxes
(134,083)
(223,908)
149,417
(15,334)
(223,908)
Income tax benefit
—
(89,825)
—
—
(89,825)
Net earnings (loss)
$ (134,083)
$ (134,083)
$ 149,417
$ (15,334)
$ (134,083)
Total other comprehensive earnings (loss), net of tax
(17,429)
(17,429)
—
17,429
(17,429)
Total comprehensive earnings (loss)
$ (151,512)
$ (151,512)
$ 149,417
$ 2,095
$ (151,512)
F-44