Nordstrom 2001 Annual Report Download - page 34

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20200324 NORDSTROM
2001 Annual Report • VERSION
8.375 x 10.875 • SCITEX • 175 lpi • Kodak 80# Cougar
Notes to Consolidated Financial Statements
32 NORDSTROM INC. AND SUBSIDIARIES
Retail Credit Catalog/ Corporate
Year ended January 31, 2002 Stores Operations Internet and Other Eliminations Total
Revenues from external
customers (b) $5,356,875 — $277,255 — — $5,634,130
Service charge income — $129,697 — — — 129,697
Intersegment revenues 20,204 33,767 — — $(53,971) —
Interest expense, net 994 24,994 77 $48,973 — 75,038
Depreciation and amortization 182,960 2,253 5,498 22,378 — 213,089
Amortization of intangible assets 4,630 — — — — 4,630
Income tax expense (benefit) 150,921 9,104 — (80,225) — 79,800
Net earnings (loss) 235,815 14,226 (8,139) (117,214) — 124,688
Assets (a)(b) 2,564,375 695,556 69,457 719,391 — 4,048,779
Intangible assets 138,331 — — — — 138,331
Capital expenditures 373,909 2,054 2,554 11,621 — 390,138
Retail Credit Catalog/ Corporate
Year ended January 31, 2001 Stores Operations Internet and Other Eliminations Total
Revenues from external
customers (b) $5,217,889 — $310,648 — — $5,528,537
Service charge income — $135,121 — — — 135,121
Intersegment revenues 30,294 26,889 — — $(57,183) —
Interest expense, net 795 29,267 (604) $33,240 — 62,698
Depreciation and amortization 176,758 1,786 7,552 16,952 — 203,048
Amortization of intangible assets 1,251 — — — — 1,251
Income tax expense (benefit) 165,150 13,140 — (113,190) — 65,100
Net earnings (loss) 258,416 20,557 (29,367) (147,688) — 101,918
Assets (a)(b) 2,557,616 703,077 68,010 279,800 — 3,608,503
Intangible assets 143,473 — — — — 143,473
Capital expenditures 286,941 3,095 5,187 26,231 — 321,454
Retail Credit Catalog/ Corporate
Year ended January 31, 2000 Stores Operations Internet and Other Eliminations Total
Revenues from external customers $4,914,293 — $234,973 — — $5,149,266
Service charge income — $125,727 — — — 125,727
Intersegment revenues 20,285 25,963 — — $(46,248) —
Interest expense, net 728 26,933 (167) $22,902 — 50,396
Depreciation and amortization 170,826 1,424 6,313 15,155 — 193,718
Income tax expense (benefit) 191,790 19,450 — (81,740) — 129,500
Net earnings (loss) 300,009 30,417 (35,685) (92,184) — 202,557
Assets (a) 2,051,327 601,320 95,241 314,193 — 3,062,081
Capital expenditures 263,352 2,792 5,206 33,702 — 305,052
(a) Segment assets in Corporate and Other include unallocated assets in corporate headquarters, consisting primarily of land, buildings
and equipment, and deferred tax assets.
(b) Includes sales of foreign operations of $68,487 for the year ended January 31, 2002, and $12,318 for the period from October 24,
2000, the date of acquisition, to January 31, 2001, and assets of $198,689 and $206,601 as of January 31, 2002 and 2001.