Barnes and Noble 2000 Annual Report Download - page 28

Download and view the complete annual report

Please find page 28 of the 2000 Barnes and Noble 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 68

  • 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

SELECTED CONSOLIDATED FINANCIAL DATA continued
Fiscal Year 2000 (1)(2) 1999 (3) 1998 1997 1996
(Thousands of dollars, except per share data)
STATEMENT OF OPERATIONS DATA:
Sales
Barnes & Noble stores (4) $ 3,169,591 2,821,549 2,515,352 2,245,531 1,861,177
B. Dalton stores (5) 372,230 426,018 468,414 509,389 564,926
Barnes & Noble.com -- -- -- 14,601 --
Other 76,419 14,728 21,842 27,331 22,021
Total bookstore sales 3,618,240 3,262,295 3,005,608 2,796,852 2,448,124
Video game and entertainment software stores (6) 757,564 223,748 -- -- --
Total sales 4,375,804 3,486,043 3,005,608 2,796,852 2,448,124
Cost of sales and occupancy 3,169,724 2,483,729 2,142,717 2,019,291 1,785,392
Gross profit 1,206,080 1,002,314 862,891 777,561 662,732
Selling and administrative expenses 812,992 651,099 580,609 542,336 467,777
Depreciation and amortization 144,760 112,304 88,345 76,951 59,806
Pre-opening expenses 7,669 6,801 8,795 12,918 17,571
Impairment charge (7) 106,833 -- -- -- --
Operating profit 133,826 232,110 185,142 145,356 117,578
Interest expense, net and amortization
of deferred financing fees (8) (53,541) (23,765 ) (24,412 ) (37,666) (38,286 )
Equity in net loss of Barnes & Noble.com (9) ( 103,936 ) ( 42,047 ) ( 71,334 ) -- --
Gain on formation of Barnes & Noble.com (10) -- 25,000 63,759 -- --
Other income (expense) (11) ( 9,346 ) 27,337 3,414 1,913 2,090
Earnings (loss) before provision for income taxes,
extraordinary charge and cumulative effect
of a change in accounting principle ( 32,997 ) 218,635 156,569 109,603 81,382
Provision for income taxes 18,969 89,637 64,193 44,935 30,157
Earnings (loss) before extraordinary charge
and cumulative effect of a change
in accounting principle ( 51,966 ) 128,998 92,376 64,668 51,225
Extraordinary charge (12) -- -- -- (11,499) --
Cumulative effect of a change in accounting principle -- ( 4,500 ) -- -- --
Net earnings (loss) $ (51,966) 124,498 92,376 53,169 51,225