Radio Shack 2013 Annual Report Download - page 69

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67
Condensed Consolidating Statements of Comprehensive Income
For the Year Ended December 31, 2012
RadioShack
Non-
Corporation
Guarantor
Guarantor
(In millions) (Parent Co.)
Subsidiaries
Subsidiaries
Eliminations
Consolidated
Net sales and operating revenues $ 4,103.1
$
3,499.5 $ 145.0
$
(3,916.3) $ 3,831.3
Cost of products sold 2,773.2 3,409.6 94.4
(3,916.3) 2,360.9
Gross profit 1,329.9 89.9 50.6
-- 1,470.4
Operating expenses:
Selling, general and administrative 1,364.1 9.5 46.2
-- 1,419.8
Depreciation and amortization 63.6 -- 2.3
-- 65.9
Impairment of long-lived assets and goodwill 9.7 --
--
-- 9.7
Total operating expenses 1,437.4 9.5 48.5
-- 1,495.4
Operating (loss) income (107.5) 80.4 2.1
--
(25.0)
Interest income 0.7 11.2 5.9
(15.9) 1.9
Interest expense (70.0) --
(0.4)
15.9
(54.5)
Other loss (0.6) --
--
--
(0.6)
(Loss) income from continuing operations
before income taxes (177.4) 91.6 7.6
--
(78.2)
Income tax (benefit) expense (31.6) 61.9 2.3
-- 32.6
Equity in earnings of subsidiaries, net of income taxes 6.4 3.7
--
(10.1)
--
(Loss) income from continuing operations (139.4) 33.4 5.3
(10.1)
(110.8)
Discontinued operations, net of income taxes -- (28.6)
--
--
(28.6)
Net (loss) income $ (139.4)
$
4.8 $ 5.3
$
(10.1) $
(139.4)
Comprehensive (loss) income $ (135.0)
$
8.5 $ 9.2
$
(17.7) $
(135.0)