Radio Shack 2012 Annual Report Download - page 76

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74
Condensed Consolidating Statements of Comprehensive Income
For the Year Ended December 31, 2011
(In millions)
RadioShack
Corporation
(Parent Co.)
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Eliminations
Consolidated
Net sales and operating revenues $ 4,288.2 $ 3,928.2 $ 149.5 $ (3,987.9) $ 4,378.0
Cost of products sold 2,821.1 3,629.0 105.0 (3,987.9) 2,567.2
Gross profit 1,467.1 299.2 44.5 -- 1,810.8
Operating expenses:
Selling, general and administrative 1,422.8 107.6 47.0 -- 1,577.4
Depreciation and amortization 68.0 4.6 2.6 -- 75.2
Impairment of long-lived assets 3.1 -- -- -- 3.1
Total operating expenses 1,493.9 112.2 49.6 -- 1,655.7
Operating (loss) income (26.8) 187.0 (5.1) -- 155.1
Interest income 1.8 10.3 5.8 (14.8) 3.1
Interest expense (61.5) -- (0.1) 14.8 (46.8)
Other loss (4.1) -- -- -- (4.1)
(Loss) income from continuing operations
before income taxes
(90.6)
197.3
0.6
--
107.3
Income tax (benefit) expense (35.6) 72.3 3.5 -- 40.2
Equity in earnings of subsidiaries, net of income taxes 127.2 (4.6) -- (122.6) --
Income (loss) from continuing operations 72.2 120.4 (2.9) (122.6) 67.1
Discontinued operations, net of income taxes -- 5.1 -- -- 5.1
Net income (loss) $ 72.2 $ 125.5 $ (2.9) $ (122.6) $ 72.2
Comprehensive income (loss) $ 64.6 $ 118.6 $ (9.9) $ (108.7) $ 64.6