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APPENDIX C
STAPLES C-38
STAPLES, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (continued)
First
Quarter (5) Second
Quarter (6) Third
Quarter (7) Fourth
Quarter (8)
Fiscal Year Ended January 31, 2015
Sales $5,654 $5,220 $5,962 $5,656
Gross profit 1,410 1,308 1,596 1,486
Consolidated net income (loss) 96 82 217 (260)
Basic and diluted earnings per common share: $0.15 $0.13 $0.34 $(0.41)
(1) Net income for this period includes a $22 million charge for impairment of long-lived assets (see Note C - Goodwill and
Long-Lived Assets), $41 million of restructuring charges (see Note B - Restructuring Charges), a $3 million net gain on
the disposal of certain property and equipment (see Note D - Sale of Businesses and Assets), $4 million of accelerated
depreciation related to restructuring activities (see Note B - Restructuring Charges) and $15 million of costs associated with
the proposed acquisition of Office Depot (see Note R - Proposed Acquisition of Office Depot).
(2) Net income for this period includes a $1 million charge for impairment of long-lived assets (see Note C - Goodwill and
Long-Lived Assets), $23 million of restructuring charges (see Note B - Restructuring Charges), $1 million of accelerated
depreciation related to restructuring activities (see Note B - Restructuring Charges) and $34 million of costs associated with
the proposed acquisition of Office Depot (see Note R - Proposed Acquisition of Office Depot).
(3) Net income for this period includes a $2 million charge for impairment of long-lived assets (see Note C - Goodwill and
Long-Lived Assets), $22 million of restructuring charges (see Note B - Restructuring Charges), $1 million of inventory write
downs related to restructuring activities (see Note B - Restructuring Charges), $40 million of costs associated with the
proposed acquisition of Office Depot (see Note R - Proposed Acquisition of Office Depot) and $3 million of costs related to
the previously announced PNI Digital Media Ltd. (“PNI”) data security incident (see Note I - Commitments and Contingencies).
(4) Net income for this period includes a $25 million charge for impairment of long-lived assets (see Note C - Goodwill and
Long-Lived Assets), $66 million of restructuring charges (see Note B - Restructuring Charges), $58 million of costs associated
with the proposed acquisition of Office Depot (see Note R - Proposed Acquisition of Office Depot), $16 million of costs related
to the previously announced PNI data security incident (see Note I - Commitments and Contingencies) and a $7 million loss
on sale of businesses and assets (see Note D - Sale of Businesses and Assets).
(5) Net income for this period includes a $22 million charge for impairment of long-lived assets (see Note C - Goodwill and
Long-Lived Assets), $13 million of restructuring charges (see Note B - Restructuring Charges), a $22 million net gain on
disposal of businesses (see Note D - Sale of Businesses and Assets) and $11 million of inventory write downs related to
restructuring activities (see Note B - Restructuring Charges).
(6) Net income for this period includes a $5 million charge for impairment of long-lived assets (see Note C - Goodwill and
Long-Lived Assets), $88 million of restructuring charges (see Note B - Restructuring Charges), an inventory write down of
$5 million related to restructuring activities (see Note B - Restructuring Charges) and $2 million of accelerated depreciation
related to restructuring activities (see Note B - Restructuring Charges).
(7) Net income for this period includes a $9 million charge for impairment of long-lived assets (see Note C - Goodwill and
Long-Lived Assets), $25 million of restructuring charges (see Note B - Restructuring Charges), a $6 million net gain on disposal
of a business (see Note D - Sale of Businesses and Assets), $11 million of inventory write downs (see Note B - Restructuring
Charges) and $2 million of accelerated depreciation related to restructuring activities (see Note B - Restructuring Charges).
(8) Net loss for this period includes a $434 million charge for impairment of goodwill and long-lived assets (see Note C -
Goodwill and Long-Lived Assets), $44 million of restructuring charges (see Note B - Restructuring Charges) and $5 million of
accelerated depreciation related to restructuring activities (see Note B - Restructuring Charges).
(9) The sum of the quarterly amounts may not tie to the full year amounts due to rounding.