Pep Boys 2011 Annual Report Download - page 125
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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 20—SUPPLEMENTAL GUARANTOR INFORMATION (Continued)
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (Continued)
(dollar amounts in thousands) Subsidiary Subsidiary Consolidation/
Year ended January 30, 2010 Pep Boys Guarantors Non-Guarantors Elimination Consolidated
Merchandise sales ............. $521,428 $1,012,191 $ — $ — $1,533,619
Service revenue ............... 133,240 244,079 — — 377,319
Other revenue ................ — — 22,904 (22,904) —
Total revenues ................ 654,668 1,256,270 22,904 (22,904) 1,910,938
Costs of merchandise sales ....... 363,320 723,116 — (1,632) 1,084,804
Costs of service revenue ......... 115,123 225,057 — (153) 340,027
Costs of other revenue .......... — — 19,821 (19,821) —
Total costs of revenues .......... 478,443 948,173 19,821 (21,606) 1,424,831
Gross profit from merchandise sales 158,108 289,075 — 1,632 448,815
Gross profit from service revenue . . 18,117 19,022 — 153 37,292
Gross profit from other revenue . . . — — 3,083 (3,083) —
Total gross profit .............. 176,225 308,097 3,083 (1,298) 486,107
Selling, general and administrative
expenses ................... 151,008 282,700 318 (3,765) 430,261
Net gain from dispositions of assets . 886 327 — — 1,213
Operating profit ............... 26,103 25,724 2,765 2,467 57,059
Non-operating (expenses) income . . (15,516) 86,810 2,473 (71,506) 2,261
Interest expenses (income) ....... 63,477 29,353 (2,087) (69,039) 21,704
(Loss) earnings from continuing
operations before income taxes . . (52,890) 83,181 7,325 — 37,616
Income tax (benefit) expenses ..... (17,638) 28,559 2,582 — 13,503
Equity in earnings of subsidiaries . . 58,325 — — (58,325) —
Earnings (loss) from continuing
operations ................. 23,073 54,622 4,743 (58,325) 24,113
Loss from discontinued operations,
net of tax.................. (37) (1,040) — — (1,077)
Net earnings (loss) ............. $ 23,036 $ 53,582 $ 4,743 $(58,325) $ 23,036
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