Barnes and Noble 2001 Annual Report Download - page 6

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S E L E C T E D C O N S O L I D A T E D F I N A N C I A L D A T A c o n t i n u e d
6
Fiscal Year 2001 2000 (1)(2) 1999 (3) 1998 1997
(Thousands of dollars, except per share data)
STATEMENT OF OPERATIONS DATA:
Sales
Barnes & Noble stores (4) $ 3,359,464 3 ,1 6 9 , 5 9 1 2 , 8 2 1 ,549 2 , 51 5 ,352 2,245, 5 3 1
B. Dalton stores (5) 3 1 0 ,303 37 2 , 23 0 426, 0 1 8 468, 41 4 509,389
Barnes & Noble.com -- -- -- -- 14 , 6 0 1
Other 7 9 , 22 5 76 , 41 9 14 ,7 2 8 21,842 2 7, 3 3 1
Total bookstore sales 3 ,74 8, 9 9 2 3 , 61 8, 24 0 3 , 2 62 , 2 9 5 3,005,608 2 ,7 9 6, 8 5 2
GameStop stores (6) 1,1 2 1 , 3 9 8 7 57, 5 6 4 223 ,74 8 -- --
Total sales 4 , 8 70 , 3 9 0 4 , 37 5,804 3,486,043 3,005,608 2 ,7 9 6, 8 5 2
Cost of sales and occupancy 3,560,038 3 ,1 6 9,7 2 4 2 , 4 8 3,7 2 9 2 ,14 2, 7 1 7 2 , 0 1 9, 2 9 1
Gross profit 1 , 3 1 0, 3 5 2 1 , 2 0 6 , 0 8 0 1 , 0 0 2, 3 14 8 62 , 8 9 1 77 7, 5 6 1
Selling and administrative expenses 904,280 8 1 2 , 9 9 2 651,099 580,609 542,336
Legal settlement expense (7) 4 , 5 0 0 -- -- -- --
Depreciation and amortization 147,826 144,76 0 1 1 2,304 88,345 76, 9 51
Pre-opening expenses 7, 9 5 9 7, 6 6 9 6 , 8 0 1 8 ,7 9 5 1 2 , 9 1 8
Impairment charge (8) -- 1 0 6 , 8 3 3 -- -- --
Operating profit 24 5 , 7 8 7 1 3 3 , 8 2 6 23 2 ,1 1 0 1 8 5 ,1 4 2 1 4 5 , 3 5 6
Interest expense, net and amortization
of deferred financing fees (9) ( 36,334 ) ( 5 3 , 5 41 ) ( 23 ,7 6 5 ) ( 24 , 41 2) ( 37,666 )
Equity in net loss of Barnes & Noble.com (10) (8 8 , 378 ) ( 1 0 3, 9 36 ) ( 4 2 , 0 47 ) (71,334 ) --
Gain on formation of Barnes & Noble.com (11) -- -- 2 5 , 0 0 0 6 3 ,7 5 9 --
Other income (expense) (12) (1 1 ,7 3 0) ( 9,346 ) 2 7, 3 37 3 , 4 14 1 , 9 1 3
Earnings (loss) before provision for income taxes,
extraordinary charge and cumulative
effect of a change in accounting principle 1 0 9,345 ( 3 2 , 9 97 ) 2 1 8 , 6 3 5 1 5 6,569 1 0 9,603
Provision for income taxes 4 5 , 378 1 8 , 9 6 9 8 9 , 6 37 6 4 ,1 9 3 44 , 9 3 5
Earnings (loss) before extraordinary
charge and cumulative effect of
a change in accounting principle 6 3 , 9 67 (51 , 9 6 6) 1 2 8 , 9 9 8 9 2 , 376 64,668
Extraordinary charge (13) -- -- -- -- (11,499 )
Cumulative effect of a change in accounting principle -- -- ( 4 , 5 0 0) -- --
Net earnings (loss) $ 6 3 , 9 67 ( 51 , 9 6 6 ) 124,498 9 2 , 376 5 3 ,1 6 9