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APPENDIX C
STAPLES C-39
STAPLES, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (continued)
The following is a reconciliation of total business unit income to consolidated income before income taxes (in thousands):
2014 2013 2012
Total business unit income $1,022,718 $1,322,218 $1,665,939
Stock-based compensation (64,123) (80,632) (117,813)
Impairment of goodwill and long lived assets (469,663) — (810,996)
Gain on sale of businesses, net 27,495 — —
Restructuring costs (170,878) (64,085) (207,016)
Other restructuring-related costs:
Inventory write-downs (26,307) — —
Accelerated amortization — — (20,049)
Accelerated depreciation (9,376) — —
Interest and other expense, net (41,731) (114,696) (244,642)
Income from continuing operations before income taxes $268,135 $1,062,805 $265,423
The following table shows the Company’s sales by each major category as a percentage of total sales for the periods indicated:
Fiscal Year Ended
January 31, 2015 February 1, 2014 February 2, 2013
Core office supplies 25.6% 27.5% 28.1%
Ink and toner 20.0% 20.2% 19.7%
Business technology 14.3% 15.2% 16.6%
Paper 9.2% 9.0% 9.0%
Facilities and breakroom 10.0% 8.7% 7.4%
Computers and mobility 6.3% 6.9% 6.9%
Services 8.6% 6.9% 6.7%
Office furniture 6.0% 5.6% 5.6%
100.0% 100.0% 100.0%
Geographic Information:
2014 2013 2012
Sales:
United States $16,022,311 $16,211,640 $16,783,592
Canada 2,696,974 2,933,133 3,152,716
International 3,773,075 3,969,490 4,444,202
Total consolidated sales $22,492,360 $23,114,263 $24,380,510
January 31, 2015 February 1, 2014 February 2, 2013
Long-lived Assets:
United States $1,170,497 $1,236,841 $1,248,732
Canada 167,470 192,467 226,417
International 366,965 441,411 488,026
Total consolidated long-lived assets $1,704,932 $1,870,719 $1,963,175