Pep Boys 2005 Annual Report Download - page 55

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50
THE PEP BOYS—MANNY, MOE & JACK AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Years ended January 28, 2006, January 29, 2005 and January 31, 2004
(dollar amounts in thousands, except share data)
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Year ended January 31, 2004 Pep Boys
Subsidiary
Guarantors
Non-
Subsidiary
Guarantors
Consolidation/
Elimination Consolidated
Merchandise Sales $ 591,505 $ 1,134,505 $ — $ — $ 1,726,010
Service Revenue 141,304 264,005 — — 405,309
Other Revenue — — 26,825 (26,825) —
Total Revenues 732,809 1,398,510 26,825 (26,825) 2,131,319
Costs of Merchandise Sales 426,260 814,543 — — 1,240,803
Costs of Service Revenue 105,940 204,710 — — 310,650
Costs of Other Revenue — — 31,636 (31,636) —
Total Costs of Revenues 532,200 1,019,253 31,636 (31,636) 1,551,453
Gross Profit from Merchandise Sales 165,245 319,962 — — 485,207
Gross Profit from Service Revenue 35,364 59,295 — — 94,659
Gross Loss from Other Revenue — — (4,811) 4,811 —
Total Gross Profit (Loss) 200,609 379,257 (4,811) 4,811 579,866
Selling, General and Administrative Expenses 192,228 371,935 314 4,811 569,288
Operating Profit (Loss) 8,381 7,322 (5,125) — 10,578
Non-Operating (Expense) Income (17,055) 65,075 3,390 (48,070) 3,340
Interest Expense 61,675 24,650 — (48,070) 38,255
(Loss) Earnings from Continuing Operations
Before Income Taxes and Cumulative Effect of
Change in Accounting Principle (70,349) 47,747 (1,735) — (24,337)
Income Tax (Benefit) Expense (24,920) 16,590 (624) — (8,954)
Equity in Earnings of Subsidiaries 16,070 41,666 — (57,736) —
Net (Loss) Earnings from Continuing Operations
before Cumulative Effect of Change in
Accounting Principle (29,359) 72,823 (1,111) (57,736) (15,383)
Loss from Discontinued Operations, Net of Tax (3,636) (12,391) — — (16,027)
Cumulative Effect of Change in Accounting
Principle, Net of Tax (899) (1,585) — — (2,484)
Net (Loss) Earnings $ (33,894) $ 58,847 $ (1,111) $ (57,736) $ (33,894)