Rite Aid 2011 Annual Report Download - page 62

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RITE AID CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
Year Ended
February 26, February 27, February 28,
2011 2010 2009
(52 Weeks) (52 Weeks) (52 Weeks)
Revenues ...................................... $25,214,907 $25,669,117 $26,289,268
Costs and expenses:
Cost of goods sold .............................. 18,522,403 18,845,027 19,253,616
Selling, general and administrative expenses ........... 6,457,833 6,603,372 6,985,367
Goodwill impairment charge ...................... — — 1,810,223
Lease termination and impairment charges ............ 210,893 208,017 293,743
Interest expense ............................... 547,581 515,763 477,627
Loss on debt modifications and retirements, net ........ 44,003 993 39,905
(Gain) loss on sale of assets, net ................... (22,224) (24,137) 11,581
25,760,489 26,149,035 28,872,062
Loss before income taxes .......................... (545,582) (479,918) (2,582,794)
Income tax expense .............................. 9,842 26,758 329,257
Net loss from continuing operations ................. $ (555,424) $ (506,676) $ (2,912,051)
Loss from discontinued operations, net of gain on disposal
and income tax benefit .......................... — — (3,369)
Net loss ..................................... $ (555,424) $ (506,676) $(2,915,420)
Computation of loss applicable to common stockholders:
Net loss ..................................... $ (555,424) $ (506,676) $(2,915,420)
Accretion of redeemable preferred stock .............. (102) (102) (102)
Cumulative preferred stock dividends ................ (9,346) (8,807) (21,768)
Loss applicable to common stockholders .............. $ (564,872) $ (515,585) $ (2,937,290)
Basic and diluted loss per share:
Basic loss per share ............................. $ (0.64) $ (0.59) $ (3.49)
Diluted loss per share ........................... $ (0.64) $ (0.59) $ (3.49)
The accompanying notes are an integral part of these consolidated financial statements.
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