WeightWatchers 2002 Annual Report Download - page 89

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONSOLIDATING STATEMENT OF OPERATIONS
FOR THE FISCAL YEAR ENDED APRIL 29, 2000
(IN THOUSANDS)
Non-
Parent Guarantor Guarantor
Company Subsidiaries Subsidiaries Eliminations Consolidated
Revenues, net ..................... $32,836 $300,215 $66,523 $ —$399,574
Cost of revenues ................... 4,911 155,251 41,227 —201,389
Gross profit..................... 27,925 144,964 25,296 —198,185
Marketing expenses ................. 7,417 35,707 8,329 —51,453
Selling, general and administrative
expenses ....................... 24,487 21,926 7,346 —53,759
Transaction costs................... 8,247 98 ——8,345
Operating (loss) income ............ (12,226) 87,233 9,621 —84,628
Interest expense (income), net ......... 27,642 4,607 (1,170) —31,079
Other (income) expense, net .......... (12,418) (1,418) 469 —(13,367)
Equity in income of consolidated
subsidiaries ..................... 44,441 ——(44,441) —
Franchise commission income (loss) ..... 21,686 (18,500) (3,186) ——
Income before income taxes and
minority interest ................ 38,677 65,544 7,136 (44,441) 66,916
Provision for income taxes ............ 918 24,090 3,315 —28,323
Income before minority interest . . . . . . 37,759 41,454 3,821 (44,441) 38,593
Minority interest ................... —834 ——834
Net income ..................... $37,759 $ 40,620 $ 3,821 $(44,441) $ 37,759
F-40