Barnes and Noble 2013 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2013 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 88

  • 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
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
Fiscal 2013 Fiscal 2012
Restated, Note 2
Fiscal 2011
Restated, Note 2
Sales $ 6,839,005 7,129,199 6,998,565
Cost of sales and occupancy 5,156,499 5,211,683 5,197,252
Gross profit 1,682,506 1,917,516 1,801,303
Selling and administrative expenses 1,675,376 1,739,452 1,629,465
Depreciation and amortization 227,134 232,667 228,647
Operating loss (220,004) (54,603) (56,799)
Interest expense, net and amortization of
deferred financing fees (35,345) (35,304) (57,350)
Loss before income taxes (255,349) (89,907) (114,149)
Income taxes (benefit) (97,543) (25,067) (45,276)
Net loss (157,806) (64,840) (68,873)
Net loss attributable to noncontrolling interests — — 37
Net loss attributable to Barnes & Noble, Inc. $ (157,806) (64,840) (68,836)
Loss attributable to Barnes & Noble, Inc.
Loss $ (157,806) (64,840) (68,873)
Less loss attributable to noncontrolling interests — — 37
Net loss attributable to Barnes & Noble, Inc. $ (157,806) (64,840) (68,836)
Basic loss per common share
Net loss attributable to Barnes & Noble, Inc. $ (3.02) (1.34) (1.22)
Diluted loss per common share
Net loss attributable to Barnes & Noble, Inc. $ (3.02) (1.34) (1.22)
Weighted average common shares outstanding
Basic 58,247 57,337 56,588
Diluted 58,247 57,337 56,588
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In thousands)
Fiscal 2013 Fiscal 2012
Restated, Note 2
Fiscal 2011
Restated, Note 2
Net loss $ (157,806) (64,840) (68,873)
Other comprehensive earnings (loss), net of tax:
(Increase) decrease in minimum pension liability (net of deferred tax
benefit (expense) of $38, $3,336 and ($1,055) respectively) (57) (5,005) 1,582
Total comprehensive loss (157,863) (69,845) (67,291)
Comprehensive loss attributable to noncontrolling interest — — 37
Total comprehensive loss attributable to Barnes & Noble, Inc. $ (157,863) (69,845) (67,254)
See accompanying notes to consolidated financial statements.
2013 Annual Report 29