Barnes and Noble 2003 Annual Report Download - page 7

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Fiscal Year 2003 (1) 2002 2001 2000(2) 1999(3)
(Thousands of dollars, except per share data)
STATEMENT OF OPERATIONS DATA:
Sales
Barnes & Noble stores $ 3,860,347 3,574,909 3,359,464 3,169,591 2,821,549
B. Dalton stores 221,020 260,024 310,303 372,230 426,018
Barnes & Noble.com(1) 151,229 -- -- -- --
Other(4) 139,581 81,611 79,225 76,419 14,728
Total book sales 4,372,177 3,916,544 3,748,992 3,618,240 3,262,295
GameStop 1,578,838 1,352,791 1,121,398 757,564 223,748
Total sales 5,951,015 5,269,335 4,870,390 4,375,804 3,486,043
Cost of sales and occupancy 4,323,767 3,847,482 3,559,201 3,172,484 2,496,737
Gross profit 1,627,248 1,421,853 1,311,189 1,203,320 989,306
Selling and administrative expenses 1,124,551 973,495 905,117 810,232 638,091
Legal settlement expense(5) -- -- 4,500 -- --
Depreciation and amortization 163,629 148,691 147,826 144,760 112,304
Pre-opening expenses 8,778 10,227 7,959 7,669 6,801
Impairment charge(6) -- 25,328 -- 106,833 --
Operating profit 330,290 264,112 245,787 133,826 232,110
Interest expense, net and amortization
of deferred financing fees(7) (20,140 ) ( 21,506 ) ( 36,334 ) ( 53,541 ) ( 23,765 )
Equity in net loss of Barnes & Noble.com(1) (14,311 ) ( 26,795 ) ( 88,378 ) (103,936 ) ( 42,047 )
Gain on formation of Barnes & Noble.com(8) -- -- -- -- 25,000
Other income (expense)(9) -- (16,498 ) (11,730 ) ( 9,346 ) 27,337
Earnings (loss) before taxes, cumulative effect
of a change in accounting principle and
minority interest 295,839 199,313 109,345 ( 32,997 ) 218,635
Income taxes 120,554 80,223 45,378 18,969 89,637
Earnings (loss) before cumulative effect
of a change in accounting principle and
minority interest 175,285 119,090 63,967 ( 51,966 ) 128,998
Cumulative effect of a change in accounting principle -- -- -- -- ( 4,500 )
Earnings (loss) before minority interest 175,285 119,090 63,967 ( 51,966 ) 124,498
Minority interest (10) (23,432 ) (19,142 ) -- -- --
Net earnings (loss) $ 151,853 99,948 63,967 ( 51,966 ) 124,498
[ SELECTED CONSOLIDATED FINANCIAL DATA continued ]
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2003 Annual ReportBarnes & Noble, Inc.