Radio Shack 2013 Annual Report Download - page 39

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37
RADIOSHACK CORPORATION AND SUBSIDIARIES
Consolidated Statements of Income
Year Ended December 31,
2013 2012 2011
% of % of % of
(In millions, except per share amounts) Dollars Revenues
Dollars Revenues
Dollars Revenues
Net sales and operating revenues $ 3,434.3 100.0 % $ 3,831.3 100.0
% $ 4,032.1 100.0
%
Cost of products sold (includes depreciation
amounts of $9.0 million, $8.4 million,
and $7.5 million, respectively) 2,262.1 65.9 2,360.9 61.6
2,309.7 57.3
Gross profit 1,172.2 34.1 1,470.4 38.4
1,722.4 42.7
Operating expenses:
Selling, general and administrative 1,407.4 41.0 1,419.8 37.1
1,474.7 36.6
Depreciation and amortization 61.4 1.8 65.9 1.7
70.6 1.7
Impairment of long-lived assets and goodwill 47.4 1.4 9.7 0.3
3.1 0.1
Total operating expenses 1,516.2 44.2 1,495.4 39.1
1,548.4 38.4
Operating (loss) income (344.0) (10.1) (25.0)
(0.7)
174.0 4.3
Interest income 2.2 0.1 1.9 0.1
3.1 0.1
Interest expense (52.3) (1.5) (54.5)
(1.4)
(46.8)
(1.2)
Other loss (10.9) (0.3) (0.6)
--
(4.1)
(0.1)
(Loss) income from continuing
operations before income taxes (405.0) (11.8) (78.2)
(2.0)
126.2 3.1
Income tax (benefit) expense (13.0) (0.4) 32.6 0.9
47.5 1.2
(Loss) income from continuing operations (392.0) (11.4)% (110.8)
(2.9)
% 78.7 1.9
%
Discontinued operations, net of income taxes (8.2) (28.6) (6.5)
Net (loss) income $ (400.2) $ (139.4) $ 72.2
Basic net (loss) income per share:
(Loss) income per share from
continuing operations $ (3.89) $ (1.11) $ 0.77
Loss per share from discontinued operations (0.08) (0.28) (0.07)
Net (loss) income per share $ (3.97) $ (1.39) $ 0.70
Diluted net (loss) income per share:
(Loss) income per share from
continuing operations $ (3.89) $ (1.11) $ 0.76
Loss per share from discontinued operations (0.08) (0.28) (0.06)
Net (loss) income per share $ (3.97) $ (1.39) $ 0.70
Shares used in computing net
(loss) income per share:
Basic 100.7 100.1 102.5
-
-
Diluted 100.7 100.1 103.3
The accompanying notes are an integral part of these consolidated financial statements.