Radio Shack 2012 Annual Report Download - page 43

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41
RADIOSHACK CORPORATION AND SUBSIDIARIES
Consolidated Statements of Income
Year Ended December 31,
2012 2011 2010
% of % of % of
(In millions, except per share amounts) Dollars Revenues Dollars Revenues Dollars Revenues
Net sales and operating revenues $ 4,257.8 100.0% $ 4,378.0 100.0% $ 4,265.8 100.0%
Cost of products sold (includes
depreciation amounts of
$8.4 million, $7.5 million and
$7.7 million, respectively)
2,696.0
63.3
2,567.2
58.6
2,352.1
55.1
Gross profit 1,561.8 36.7 1,810.8 41.4 1,913.7 44.9
Operating expenses:
Selling, general and administrative 1,529.0 35.9 1,577.4 36.0 1,483.8 34.8
Depreciation and amortization 72.3 1.7 75.2 1.8 75.7 1.8
Impairment of long-lived assets and
goodwill
21.4
0.5
3.1
0.1
4.0
0.1
Total operating expenses 1,622.7 38.1 1,655.7 37.9 1,563.5 36.7
Operating (loss) income (60.9)
(1.4) 155.1 3.5 350.2 8.2
Interest income 1.9 -- 3.1 0.1 2.6 --
Interest expense (54.5)
(1.3) (46.8) (1.1) (41.9) (1.0)
Other loss (0.6)
-- (4.1) (0.1) -- --
(Loss) income from continuing
operations before income taxes
(114.1)
(2.7)
107.3
2.4
310.9
7.2
Income tax expense 25.3 0.6 40.2 0.9 120.2 2.8
(Loss) income from continuing
operations
(139.4)
(3.3%)
67.1
1.5%
190.7
4.4%
Discontinued operations, net of
income taxes
--
5.1
15.4
Net (loss) income $ (139.4)
$ 72.2 $ 206.1
Basic net (loss) income per share:
(Loss) income per share from
continuing operations
$ (1.39)
$ 0.65
$ 1.58
Income per share from discontinued
operations
--
0.05
0.13
Net (loss) income per share (basic) $ (1.39)
$ 0.70
$ 1.71
Diluted net (loss) income per share:
(Loss) income per share from
continuing operations
$ (1.39)
$ 0.65
$ 1.55
Income per share from discontinued
operations
--
0.05
0.13
Net (loss) income per share (diluted) $ (1.39)
$ 0.70
$ 1.68
Shares used in computing net (loss)
income per share:
Basic 100.1 102.5 120.5
Diluted 100.1 103.3 122.7
The accompanying notes are an integral part of these consolidated financial statements.