Radio Shack 2012 Annual Report Download - page 77

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75
Condensed Consolidating Statements of Comprehensive Income
For the Year Ended December 31, 2010
(In millions)
RadioShack
Corporation
(Parent Co.)
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Eliminations
Consolidated
Net sales and operating revenues $ 4,302.8 $ 3,711.1 $ 154.7 $ (3,902.8) $ 4,265.8
Cost of products sold 2,701.3 3,443.2 110.4 (3,902.8) 2,352.1
Gross profit 1,601.5 267.9 44.3 -- 1,913.7
Operating expenses:
Selling, general and administrative 1,409.0 34.6 40.2 -- 1,483.8
Depreciation and amortization 72.0 1.5 2.2 -- 75.7
Impairment of long-lived assets 2.3 1.7 -- -- 4.0
Total operating expenses 1,483.3 37.8 42.4 -- 1,563.5
Operating income 118.2 230.1 1.9 -- 350.2
Interest income 0.8 10.3 5.9 (14.4) 2.6
Interest expense (56.3) -- -- 14.4 (41.9)
Other (loss) income (0.9) 0.9 -- -- --
Income from continuing operations
before income taxes
61.8
241.3
7.8
--
310.9
Income tax expense 26.4 90.6 3.2 -- 120.2
Equity in earnings of subsidiaries, net of income taxes 170.7 2.8 -- (173.5) --
Income from continuing operations 206.1 153.5 4.6 (173.5) 190.7
Discontinued operations, net of income taxes -- 15.4 -- -- 15.4
Net income $ 206.1 $ 168.9 $ 4.6 $ (173.5) $ 206.1
Comprehensive income $ 208.3 $ 174.2 $ 9.7 $ (183.9) $ 208.3