Radio Shack 2013 Annual Report Download - page 70

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68
Condensed Consolidating Statements of Comprehensive Income
For the Year Ended December 31, 2011
RadioShack
Non-
Corporation
Guarantor
Guarantor
(In millions) (Parent Co.)
Subsidiaries
Subsidiaries
Eliminations
Consolidated
Net sales and operating revenues $ 4,288.2
$
3,582.3 $ 149.5
$
(3,987.9) $ 4,032.1
Cost of products sold 2,821.1 3,371.5 105.0
(3,987.9) 2,309.7
Gross profit 1,467.1 210.8 44.5
-- 1,722.4
Operating expenses:
Selling, general and administrative 1,422.8 4.9 47.0
-- 1,474.7
Depreciation and amortization 68.0 -- 2.6
-- 70.6
Impairment of long-lived assets 3.1 --
--
-- 3.1
Total operating expenses 1,493.9 4.9 49.6
-- 1,548.4
Operating (loss) income (26.8) 205.9
(5.1)
-- 174.0
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) 216.2 0.6
-- 126.2
Income tax (benefit) expense (35.6) 79.6 3.5
-- 47.5
Equity in earnings of subsidiaries, net of income taxes 127.2 (4.6)
--
(122.6)
--
Income (loss) from continuing operations 72.2 132.0
(2.9)
(122.6) 78.7
Discontinued operations, net of income taxes -- (6.5)
--
--
(6.5)
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