Rite Aid 2014 Annual Report Download - page 60

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RITE AID CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
Year Ended
March 1, March 2, March 3,
2014 2013 2012
(52 Weeks) (52 Weeks) (53 Weeks)
Revenues ...................................... $25,526,413 $25,392,263 $26,121,222
Costs and expenses:
Cost of goods sold .............................. 18,202,679 18,073,987 19,327,887
Selling, general and administrative expenses ........... 6,561,162 6,600,765 6,531,411
Lease termination and impairment charges ............ 41,304 70,859 100,053
Interest expense ............................... 424,591 515,421 529,255
Loss on debt retirements, net ...................... 62,443 140,502 33,576
Gain on sale of assets, net ........................ (15,984) (16,776) (8,703)
25,276,195 25,384,758 26,513,479
Income (loss) before income taxes .................... 250,218 7,505 (392,257)
Income tax expense (benefit) ........................ 804 (110,600) (23,686)
Net income (loss) .............................. $ 249,414 $ 118,105 $ (368,571)
Computation of income (loss) attributable to common
stockholders:
Net income (loss) .............................. $ 249,414 $ 118,105 $ (368,571)
Accretion of redeemable preferred stock .............. (77) (102) (102)
Cumulative preferred stock dividends ................ (8,318) (10,528) (9,919)
Conversion of Series G and H preferred stock ......... (25,603) — —
Income (loss) attributable to common stockholders—basic . 215,416 107,475 (378,592)
Add back-interest on convertible notes ............... 5,456 — —
Income (loss) attributable to common stockholders—
diluted .................................... $ 220,872 $ 107,475 $ (378,592)
Basic income (loss) per share ...................... $ 0.23 $ 0.12 $ (0.43)
Diluted income (loss) per share .................... $ 0.23 $ 0.12 $ (0.43)
The accompanying notes are an integral part of these consolidated financial statements.
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