Pep Boys 2008 Annual Report Download - page 102
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CONSOLIDATED STATEMENTS OF OPERATIONS
The Pep Boys—Manny, Moe & Jack and Subsidiaries
(dollar amounts in thousands, except share data)
January 31, February 2, February 3,
Year ended 2009 2008 2007
Merchandise Sales .................................. $1,569,664 $1,749,578 $1,853,077
Service Revenue ................................... 358,124 388,497 390,778
Total Revenues .................................... 1,927,788 2,138,075 2,243,855
Costs of Merchandise Sales ........................... 1,129,162 1,305,952 1,319,801
Costs of Service Revenue ............................. 333,194 345,886 357,774
Total Costs of Revenues .............................. 1,462,356 1,651,838 1,677,575
Gross Profit from Merchandise Sales .................... 440,502 443,626 533,276
Gross Profit from Service Revenue ...................... 24,930 42,611 33,004
Total Gross Profit .................................. 465,432 486,237 566,280
Selling, General and Administrative Expenses .............. 485,044 518,373 546,399
Net Gain from Disposition of Assets ..................... 9,716 15,151 8,968
Operating (Loss) Profit .............................. (9,896) (16,985) 28,849
Non-operating Income ............................... 1,967 5,246 7,023
Interest Expense ................................... 27,048 51,293 49,342
Loss from Continuing Operations Before Income Taxes and
Cumulative Effect of Change in Accounting Principle ....... (34,977) (63,032) (13,470)
Income Tax Benefit ................................. (6,139) (25,594) (6,399)
Net Loss from Continuing Operations Before Cumulative Effect
of Change in Accounting Principle .................... (28,838) (37,438) (7,071)
(Loss) Earnings from Discontinued Operations, Net of Tax of
$(857), $(2,463) and $1,796 .......................... (1,591) (3,601) 4,333
Cumulative Effect of Change in Accounting Principle, Net of
Tax of $(78) ..................................... — — 189
Net Loss ......................................... $ (30,429) $ (41,039) $ (2,549)
Basic Loss per Share:
Net Loss from Continuing Operations Before Cumulative Effect
of Change in Accounting Principle .................... $ (0.55) $ (0.72) $ (0.13)
(Loss) Earnings from Discontinued Operations, Net of Tax .... (0.03) (0.07) 0.08
Cumulative Effect of Change in Accounting Principle, Net of
Tax ...........................................———
Basic Loss per Share ................................ $ (0.58) $ (0.79) $ (0.05)
Diluted Loss per Share:
Net Loss from Continuing Operations Before Cumulative Effect
of Change in Accounting Principle .................... $ (0.55) $ (0.72) $ (0.13)
(Loss) Earnings from Discontinued Operations, Net of Tax .... (0.03) (0.07) 0.08
Cumulative Effect of Change in Accounting Principle, Net of
Tax ...........................................———
Diluted Loss per Share .............................. $ (0.58) $ (0.79) $ (0.05)
See notes to the consolidated financial statements
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