Rite Aid 2015 Annual Report Download - page 66

Download and view the complete annual report

Please find page 66 of the 2015 Rite Aid annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 131

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131

RITE AID CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
Year Ended
February 28, March 1, March 2,
2015 2014 2013
(52 Weeks) (52 Weeks) (52 Weeks)
Revenues ...................................... $26,528,377 $25,526,413 $25,392,263
Costs and expenses:
Cost of goods sold .............................. 18,951,645 18,202,679 18,073,987
Selling, general and administrative expenses ........... 6,695,642 6,561,162 6,600,765
Lease termination and impairment charges ............ 41,945 41,304 70,859
Interest expense ............................... 397,612 424,591 515,421
Loss on debt retirements, net ...................... 18,512 62,443 140,502
Gain on sale of assets, net ........................ (3,799) (15,984) (16,776)
26,101,557 25,276,195 25,384,758
Income before income taxes ........................ 426,820 250,218 7,505
Income tax (benefit) expense ........................ (1,682,353) 804 (110,600)
Net income ................................... $ 2,109,173 $ 249,414 $ 118,105
Computation of income attributable to common
stockholders:
Net income ................................... $ 2,109,173 $ 249,414 $ 118,105
Accretion of redeemable preferred stock .............. — (77) (102)
Cumulative preferred stock dividends ................ — (8,318) (10,528)
Conversion of Series G and H preferred stock ......... — (25,603) —
Income attributable to common stockholders—basic ..... 2,109,173 215,416 107,475
Add back-interest on convertible notes ............... 5,456 5,456 —
Income attributable to common stockholders—diluted .... $ 2,114,629 $ 220,872 $ 107,475
Basic income per share .......................... $ 2.17 $ 0.23 $ 0.12
Diluted income per share ......................... $ 2.08 $ 0.23 $ 0.12
The accompanying notes are an integral part of these consolidated financial statements.
66