WeightWatchers 2002 Annual Report Download - page 86

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONSOLIDATING STATEMENT OF OPERATIONS
FOR THE FISCAL YEAR ENDED DECEMBER 28, 2002
(IN THOUSANDS)
Non-
Parent Guarantor Guarantor
Company Subsidiaries Subsidiaries Eliminations Consolidated
Revenues, net .................... $ 8,801 $683,418 $117,425 $ —$809,644
Cost of revenues .................. (752) 304,375 66,667 —370,290
Gross profit.................... 9,553 379,043 50,758 —439,354
Marketing expenses ................ —64,113 17,120 —81,233
Selling, general and administrative
expenses ...................... 9,364 41,357 10,546 —61,267
Operating income ................ 189 273,573 23,092 —296,854
Interest expense (income), net ........ 33,728 9,519 (948) —42,299
Other expense (income), net ......... 21,801 (2,792) 11 —19,020
Equity in income of consolidated
subsidiaries .................... 161,881 ——(161,881) —
Franchise commission income (loss) . . . . 63,426 (56,757) (6,669) ——
Income before income taxes and
minority interest ............... 169,967 210,089 17,360 (161,881) 235,535
Provision for income taxes ........... 26,273 58,952 6,582 —91,807
Income before minority interest ..... 143,694 151,137 10,778 (161,881) 143,728
Minority interest .................. —— 34 —34
Net income .................... $143,694 $151,137 $ 10,744 $(161,881) $143,694
F-37