WeightWatchers 2002 Annual Report Download - page 88

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONSOLIDATING STATEMENT OF OPERATIONS
FOR THE EIGHT MONTHS ENDED DECEMBER 30, 2000
(IN THOUSANDS)
Non-
Parent Guarantor Guarantor
Company Subsidiaries Subsidiaries Eliminations Consolidated
Revenues, net ..................... $20,794 $204,074 $48,307 $ —$273,175
Cost of revenues ................... 4,571 105,444 29,268 —139,283
Gross profit..................... 16,223 98,630 19,039 —133,892
Marketing expenses ................. 2,784 18,994 5,208 —26,986
Selling, general and administrative
expenses ....................... 15,844 12,877 5,703 —34,424
Operating (loss) income ............ (2,405) 66,759 8,128 —72,482
Interest expense (income), net ......... 24,696 12,640 (211) —37,125
Other expense (income), net .......... 15,527 (1,171) (22) —14,334
Equity in income of consolidated
subsidiaries ..................... 26,621 ——(26,621) —
Franchise commission income (loss) ..... 20,144 (17,647) (2,497) ——
Income before income taxes and
minority interest ................ 4,137 37,643 5,864 (26,621) 21,023
(Benefit from) provision for income taxes . (10,882) 14,558 2,181 — 5,857
Income before minority interest . . . . . . 15,019 23,085 3,683 (26,621) 15,166
Minority interest ................... ——147 —147
Net income ....................... $15,019 $ 23,085 $ 3,536 $(26,621) $ 15,019
F-39