Sprouts Farmers Market 2013 Annual Report Download - page 71

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Table of Contents
SPROUTS FARMERS MARKET, INC.
UNAUDITED SUPPLEMENTAL PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
FOR FISCAL 2011
(in thousands)
66
Historical
Sprouts
Farmers
Market,
Inc.(1)
Historical
Sprouts
Arizona
(1)
Historical
Sunflower
(1)
Pro Forma
Adjustments
for Fiscal
Period
Alignment
(2)
Pro Forma
Adjustments
for the
Transactions
(2)
Notes
Supplemental
Pro Forma
Sprouts
Farmers
Market,
Inc.
Net sales
$
1,105,879
$
220,913
$
406,710
$
(10,847
)
$
—
$
1,722,655
Cost of sales, buying and occupancy
794,905
153,123
292,730
(7,868
)
1,276
(2
)(a)
1,234,166
Gross profit
310,974
67,790
113,980
(2,979
)
(1,276
)
488,489
Direct store expenses
238,245
45,165
79,570
(2,232
)
(311
)
(2
)(b)
360,437
Selling, general and administrative
expenses
58,528
46,207
21,844
(1,024
)
(42,478
)
(2
)(c)
83,077
Amortization of Henry
’s trade names
and capitalized software
32,202
—
—
—
—
32,202
Store pre
-
opening costs
1,338
730
2,997
(56
)
—
5,009
Store closure and exit costs
6,382
—
627
—
—
7,009
Income (loss) from operations
(25,721
)
(24,312
)
8,942
333
41,513
755
Interest expense
(19,813
)
(3,823
)
(5,101
)
144
(11,843
)
(2
)(d)
(40,436
)
Other income
358
49
238
(2
)
—
643
Income (loss) before income taxes
(45,176
)
(28,086
)
4,079
475
29,670
(39,038
)
Income tax (provision) benefit
17,731
(70
)
2,148
14
(11,660
)
(2
)(e)
8,163
Net income (loss)
$
(27,445
)
$
(28,156
)
$
6,227
$
489
$
18,010
$
(30,875
)