Circuit City 2001 Annual Report Download - page 22

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SYSTEMAX INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
(IN THOUSANDS, EXCEPT PER COMMON SHARE AMOUNTS)
See notes to consolidated financial statements.
2001 2000 1999
---- ---- ----
NET SALES $ 1,546,975 $ 1,686,103 $ 1,754,472
COST OF SALES 1,270,051 1,476,248 1,439,947
----------- ----------- -----------
GROSS PROFIT 276,924 209,855 314,525
SELLING, GENERAL AND ADMINISTRATIVE
EXPENSES 274,394 270,863 254,690
----------- ----------- -----------
INCOME (LOSS) FROM OPERATIONS 2,530 (61,008) 59,835
INTEREST AND OTHER INCOME (276) (106) (1,153)
INTEREST EXPENSE 1,764 4,352 465
----------- ----------- -----------
INCOME (LOSS) BEFORE INCOME TAXES 1,042 (65,254) 60,523
PROVISION (BENEFIT) FOR INCOME TAXES 389 (24,483) 24,511
----------- ----------- -----------
NET INCOME (LOSS) $ 653 $ (40,771) $ 36,012
=========== =========== ===========
NET INCOME (LOSS) PER COMMON SHARE:
BASIC $ .02 $ (1.19) $ 1.01
=========== =========== ===========
DILUTED $ .02 $ (1.19) $ 1.01
=========== =========== ===========