Pep Boys 2010 Annual Report Download - page 139

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THE PEP BOYS—MANNY, MOE & JACK AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Years ended January 29, 2011, January 30, 2010 and January 31, 2009
NOTE 19—SUPPLEMENTAL GUARANTOR INFORMATION (Continued)
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
(dollar amounts in thousands) Subsidiary Subsidiary Consolidation/
Year ended January 31, 2009 Pep Boys Guarantors Non-Guarantors Elimination Consolidated
Merchandise sales ............. $531,068 $1,038,596 $ — $ — $1,569,664
Service revenue .............. 124,206 233,918 — — 358,124
Other revenue ............... — — 22,939 (22,939) —
Total revenues ............... 655,274 1,272,514 22,939 (22,939) 1,927,788
Costs of merchandise sales ...... 391,186 739,608 — (1,632) 1,129,162
Costs of service revenue ........ 110,515 222,831 — (152) 333,194
Costs of other revenue ......... — — 19,621 (19,621) —
Total costs of revenues ......... 501,701 962,439 19,621 (21,405) 1,462,356
Gross profit from merchandise
sales ..................... 139,882 298,988 — 1,632 440,502
Gross profit from service revenue . 13,691 11,087 — 152 24,930
Gross profit from other revenue . . — — 3,318 (3,318) —
Total gross profit ............. 153,573 310,075 3,318 (1,534) 465,432
Selling, general and administrative
expenses .................. 178,650 310,098 296 (4,000) 485,044
Net gain from dispositions of assets 3,392 6,324 — — 9,716
Operating (loss) profit ......... (21,685) 6,301 3,022 2,466 (9,896)
Non-operating (expense) income . . (15,383) 111,434 2,543 (96,627) 1,967
Interest expense (income) ....... 90,313 34,281 (3,385) (94,161) 27,048
(Loss) earnings from continuing
operations before income taxes . (127,381) 83,454 8,950 — (34,977)
Income tax (benefit) expense ..... (41,417) 32,192 3,086 — (6,139)
Equity in earnings of subsidiaries . . 55,683 — — (55,683) —
(Loss) earnings from continuing
operations ................. (30,281) 51,262 5,864 (55,683) (28,838)
Loss from discontinued operations,
net of tax ................. (148) (1,443) — — (1,591)
Net (loss) earnings ............ $ (30,429) $ 49,819 $ 5,864 $(55,683) $ (30,429)
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