WeightWatchers 2002 Annual Report Download - page 87

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONSOLIDATING STATEMENT OF OPERATIONS
FOR THE FISCAL YEAR ENDED DECEMBER 29, 2001
(IN THOUSANDS)
Non-
Parent Guarantor Guarantor
Company Subsidiaries Subsidiaries Eliminations Consolidated
Revenues, net .................... $ 4,194 $522,255 $97,421 $ —$623,870
Cost of revenues .................. 821 231,402 54,213 —286,436
Gross profit.................... 3,373 290,853 43,208 —337,434
Marketing expenses ................ —57,117 12,599 —69,716
Selling, general and administrative
expenses ...................... 17,780 39,735 15,514 —73,029
Operating (loss) income ........... (14,407) 194,001 15,095 —194,689
Interest expense (income), net ........ 40,714 14,692 (869) —54,537
Other expense (income), net ......... 14,983 3,592 (5,394) —13,181
Equity in income of consolidated
subsidiaries .................... 109,285 ——(109,285) —
Franchise commission income (loss) . . . . 47,823 (42,084) (5,739) ——
Income before income taxes, minority
interest and extraordinary item . . . . 87,004 133,633 15,619 (109,285) 126,971
(Benefit from) provision for income taxes (63,058) 34,431 5,429 — (23,198)
Income before minority interest and
extraordinary item.............. 150,062 99,202 10,190 (109,285) 150,169
Minority interest .................. ——107 —107
Income before extraordinary item . . . . 150,062 99,202 10,083 (109,285) 150,062
Extraordinary charge on early
extinguishment of debt, net of taxes . . 2,875 —— —2,875
Net income .................... $147,187 $ 99,202 $10,083 $(109,285) $147,187
F-38