Sears 2015 Annual Report Download - page 29

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Year Ended January 31, 2015
Adjustments
millions, except per share data GAAP
Domestic
Pension
Expense
Domestic
Closed€Store
Reserve,
Store
Impairments
and
Severance
Domestic
Gain on
Sales of
Assets
Other
Expenses
Gain on
Sears
Canada
Disposition
Domestic
Tax
Matters
Sears
Canada
Segment
Lands'
End
Separation
As
Adjusted(1)
Gross margin impact . . . . . . . $7,149 $—$68 $—$—$—$—$(502) $ (87) $ 6,628
Selling and administrative
impact . . . . . . . . . . . . . . . . 8,220 (89)(129)— (47)— — (603)(77)7,275
Depreciation and
amortization impact. . . . . . 581 — (8)— — — — (49)(3)521
Impairment charges impact . . 63 — (48)— — — — (15)— —
Gain on sales of assets
impact . . . . . . . . . . . . . . . . (207)— — 87 — — — (1)— (121)
Operating loss impact . . . . . . (1,508)89 253 (87)47 — — 166 (7)(1,047)
Interest expense impact . . . . . (313)— — — — — — 5 — (308)
Interest and investment
income impact . . . . . . . . . . 132 — — — — (70)— (38)— 24
Other income impact . . . . . . . 4 — — — — — — (4)— —
Income tax expense impact . . (125)(33)(95)33 (18)26 574 136 3 501
Loss attributable to
noncontrolling interests
impact . . . . . . . . . . . . . . . . 128 — — — — — — (128)— —
After tax and noncontrolling
interests impact . . . . . . . . . (1,682)56 158 (54)29 (44)574 137 (4)(830)
Diluted loss per share impact.$(15.82) $ 0.53 $1.48 $(0.51) $ 0.27 $(0.41) $ 5.40 $1.29 $(0.04) $ (7.81)
(1) Adjusted to reflect the results of the Lands' End and Sears Canada businesses that were included in our results prior to the
separation/disposition.
Year Ended February 1, 2014
Adjustments
millions, except per share data GAAP
Domestic
Pension
Expense
Domestic
Closed€Store
Reserve,
Store
Impairments
and
Severance
Domestic
Gain on
Sales of
Assets
Domestic
Tax
Matters
Sears
Canada
Segment
Lands'
End
Separation
As
Adjusted(1)
Gross margin impact . . . . . . . . . . . . . . . . . . . . . . $8,755 $—$56 $—$—$(1,016) $ (616) $ 7,179
Selling and administrative impact . . . . . . . . . . . . 9,384 (162)(2)— — (1,085)(466)7,669
Depreciation and amortization impact . . . . . . . . 732 — (11)— — (92)(22)607
Impairment charges impact . . . . . . . . . . . . . . . . . 233 — (220)— — (13)— —
Gain on sales of assets impact. . . . . . . . . . . . . . . (667)— — 67 — 538 — (62)
Operating loss impact . . . . . . . . . . . . . . . . . . . . . (927)162 289 (67)— (364)(128)(1,035)
Interest expense impact . . . . . . . . . . . . . . . . . . . . (254)— — — — 1 — (253)
Interest and investment income impact . . . . . . . . 207 — — — — (187)— 20
Other income impact . . . . . . . . . . . . . . . . . . . . . . 2 — — — — (2)— —
Income tax expense impact . . . . . . . . . . . . . . . . . (144)(60)(109)26 655 59 49 476
Income attributable to noncontrolling interests
impact . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (249)— — — — 249 — —
After tax and noncontrolling interests impact . . . (1,365)102 180 (41)655 (244)(79)(792)
Diluted loss per share impact . . . . . . . . . . . . . . . $(12.87) $ 0.96 $1.70 $(0.39) $ 6.17 $(2.30) $ (0.73) $ (7.46)
(1) Adjusted to reflect the results of the Lands' End and Sears Canada businesses that were included in our results of operations
prior to the separation/disposition.
29