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[NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS continued ]
40
2003 Annual ReportBarnes & Noble, Inc.
The accounting policies of the segments are the same as
those for the Company as a whole. Segment operating
profit includes corporate expenses in each operating
segment. The Company evaluates the performance of its
segments based on operating profit.
Summarized financial information concerning the Company’s reportable segments is presented below:
Sales Depreciation and Amortization
Fiscal Year 2003 2002 2001 2003 2002 2001
Book operating segment $ 4,372,177 3,916,544 3,748,992 $ 134,682 126,138 117,529
Video game operating segment 1,578,838 1,352,791 1,121,398 28,947 22,553 30,297
Total $ 5,951,015 5,269,335 4,870,390 $ 163,629 148,691 147,826
Equity Investment in
Operating Profit Barnes & Noble.com (1)
Fiscal Year 2003 2002 2001 2003 2002 2001
Book operating segment (2) $225,906 177,041 211,700 $ -- 23,280 48,217
Operating margin 5.17% 4.52% 5.65%
Video game operating segment 104,384 87,071 34,087 -- -- --
Operating margin 6.61% 6.44% 3.04%
Total $ 330,290 264,112 245,787 $ -- 23,280 48,217
Capital Expenditures Total Assets
Fiscal Year 2003 2002 2001 2003 2002 2001
Book operating segment $ 100,380 140,016 148,371 $ 2,608,358 2,191,533 2,026,123
Video game operating segment 63,007 39,529 20,462 898,936 803,894 597,097
Total $ 163,387 179,545 168,833 $ 3,507,294 2,995,427 2,623,220
(1) On September 15, 2003, the Company acquired a controlling interest in Barnes & Noble.com. As a result, the Company no
longer records its investment in Barnes & Noble.com under the equity method of accounting.
(2) 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.