WeightWatchers 2003 Annual Report Download - page 91

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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 (5,287) — 13,288
Early extinguishment of debt ......... 4,659 — — — 4,659
Equity in income of consolidated
subsidiaries .................... 109,285 — — (109,285) —
Franchise commission income (loss) .... 47,823 (42,084) (5,739) — —
Income before income taxes ........ 82,345 133,633 15,512 (109,285) 122,205
(Benefit from) provision for income taxes . (64,842) 34,431 5,429 — (24,982)
Net income .................. $147,187 $ 99,202 $10,083 $(109,285) $147,187
F-37