Neiman Marcus 2014 Annual Report Download - page 148
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Table of Contents
Revenues
$ —
$ 926,436
$ 202,702
$ —
$ 1,129,138
Cost of goods sold including buying and occupancy
costs (excluding depreciation)
—
568,665
116,743
—
685,408
Selling, general and administrative expenses
(excluding depreciation)
—
229,935
36,453
—
266,388
Income from credit card program
—
(13,271)
(1,382)
—
(14,653)
Depreciation expense
—
31,057
3,182
—
34,239
Amortization of intangible assets and favorable lease
commitments
—
8,773
2,947
—
11,720
Other expenses
—
112,377
1,523
—
113,900
Operating earnings (loss)
—
(11,100)
43,236
—
32,136
Interest expense, net
—
37,315
—
—
37,315
Intercompany royalty charges (income)
—
32,907
(32,907)
—
—
Equity in loss (earnings) of subsidiaries
13,098
(76,143)
—
63,045
—
Earnings (loss) before income taxes
(13,098)
(5,179)
76,143
(63,045)
(5,179)
Income tax expense
—
7,919
—
—
7,919
Net earnings (loss)
$ (13,098)
$ (13,098)
$ 76,143
$ (63,045)
$ (13,098)
Total other comprehensive earnings (loss), net of tax
1,324
1,324
—
(1,324)
1,324
Total comprehensive earnings (loss)
$ (11,774)
$ (11,774)
$ 76,143
$ (64,369)
$ (11,774)
Revenues
$ —
$ 3,875,580
$ 772,669
$ —
$ 4,648,249
Cost of goods sold including buying and occupancy
costs (excluding depreciation)
—
2,500,640
494,723
—
2,995,363
Selling, general and administrative expenses
(excluding depreciation)
—
911,850
135,946
—
1,047,796
Income from credit card program
—
(48,635)
(4,738)
—
(53,373)
Depreciation expense
—
127,606
13,909
—
141,515
Amortization of intangible assets and favorable lease
commitments
—
35,092
12,344
—
47,436
Other expenses
—
10,000
13,125
—
23,125
Operating earnings
—
339,027
107,360
—
446,387
Interest expense, net
—
168,952
3
—
168,955
Intercompany royalty charges (income)
—
130,459
(130,459)
—
—
Equity in loss (earnings) of subsidiaries
(163,699)
(237,816)
—
401,515
—
Earnings (loss) before income taxes
163,699
277,432
237,816
(401,515)
277,432
Income tax expense
—
113,733
—
—
113,733
Net earnings (loss)
$ 163,699
$ 163,699
$ 237,816
$ (401,515)
$ 163,699
Total other comprehensive earnings (loss), net of tax
41,263
41,263
—
(41,263)
41,263
Total comprehensive earnings (loss)
$ 204,962
$ 204,962
$ 237,816
$ (442,778)
$ 204,962
F-45