WeightWatchers 2003 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2003 WeightWatchers annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

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) 45 — 19,054
Equity in income of consolidated
subsidiaries .................... 161,881 — — (161,881) —
Franchise commission income (loss) .... 63,426 (56,757) (6,669) — —
Income before income taxes ........ 169,967 210,089 17,326 (161,881) 235,501
Provision for income taxes ........... 26,273 58,952 6,582 — 91,807
Net income .................... $143,694 $151,137 $ 10,744 $(161,881) $143,694
F-36