Barnes and Noble 2002 Annual Report Download - page 42

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The principal products of these stores are comprised
of video-game hardware and software and PC-
entertainment software. The Company’s consolidated
financial statements reflect the results of Babbage’s Etc.
from October 1999 and Funco, Inc. from June 2000,
the respective dates of acquisition.
The accounting policies of the segments are the same as
those described in the summary of significant accounting
policies. Segment operating profit includes corporate
expenses in each operating segment. Barnes & Noble
evaluates the performance of its segments and allocates
resources to them based on operating profit.
[NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS continued ]
41
2002 Annual Report Barnes & Noble, Inc.
Summarized financial information concerning the Company’s reportable segments is presented below:
Sales Depreciation and Amortization
Fiscal Year 2002 2001 2000 2002 2001 2000
B
ookstores $ 3,916,544 3,748,992 3,618,240 $ 126,138 117,529 122,563
Video Game & Entertainment Software stores 1,352,791 1,121,398 757,564 22,553 30,297 22,197
Total $ 5,269,335 4,870,390 4,375,804 $ 148,691 147,826 144,760
Equity Investment in
Operating Profit Barnes & Noble.com
Fiscal Year 2002 2001 2000 2002 2001 2000
Bookstores * $ 177,041 211,700 127,812 $ 23,280 48,217 136,595
Operating margin 4.52% 5.65% 3.53%
Video Game & Entertainment Software stores 87,071 34,087 6,014 -- -- --
Operating margin 6.44% 3.04% 0.79%
Total $ 264,112 245,787 133,826 $ 23,280 48,217 136,595
Capital Expenditures Total Assets
Fiscal Year 2002 2001 2000 2002 2001 2000
Bookstores $ 140,016 148,371 109,161 $ 2,191,533 2,026,123 2,049,639
Video Game & Entertainment Software stores 39,529 20,462 25,131 803,894 597,097 507,837
Total $ 179,545 168,833 134,292 $ 2,995,427 2,623,220 2,557,476
*Fiscal 2002 operating profit is net of an impairment charge of $25,328. Excluding the impairment charge, fiscal 2002 operating
profit would have been $202,369. Fiscal 2001 operating profit is net of legal settlement expense of $4,500. Excluding the legal
settlement expense, fiscal 2001 operating profit would have been $216,200. Fiscal 2000 operating profit is net of a non-cash
impairment charge of $106,833. Excluding the non-cash impairment charge, fiscal 2000 operating profit would have been
$234,645.