CompUSA 2015 Annual Report Download - page 71
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Please find page 71 of the 2015 CompUSA 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.Table of Contents
FinancialinformationrelatingtotheCompany’soperationsbygeographicareawasasfollows(inmillions):
Year Ended December 31,
2015 2014 2013
NetSales:
UnitedStates $ 676.8 $ 723.2 674.2
UnitedKingdom 335.7 471.9 468.5
France 382.6 383.2 335.4
OtherEurope 334.5 334.8 291.5
OtherNorthAmerica 125.1 191.1 205.8
Consolidated $ 1,854.7 $ 2,104.2 1,975.4
Long-livedAssets:
UnitedStates $ 18.1 $ 17.1 $ 32.3
UnitedKingdom 15.6 17.5 18.7
France 1.1 0.8 0.9
OtherEuropeandAsia 3.5 5.5 6.4
OtherNorthAmerica - 0.3 1.1
Consolidated $ 38.3 $ 41.2 $ 59.4
Netsalesareattributedtocountriesbasedonlocationofsellingsubsidiary.
14. QUARTERLY FINANCIAL DATA (UNAUDITED)
Quarterlyfinancialdata,excludingdiscontinuedoperations,isasfollows(inmillions,exceptforpershareamounts):
First Quarter Second Quarter Third Quarter Fourth Quarter
2015:
Netsales $ 512.1 $ 454.1 $ 423.2 $ 465.3
Grossprofit $ 86.5 $ 87.0 $ 82.3 $ 86.9
Netincome(loss) $ (18.6) $ (19.9) $ 1.8 $ (11.6)
Netlosspercommonshare:
Basic $ (0.50) $ (0.54) $ 0.05 $ (0.31)
Diluted $ (0.50) $ (0.54) $ 0.05 $ (0.31)
2014:
Netsales $ 541.2 $ 505.6 $ 505.4 $ 552.0
Grossprofit $ 98.2 $ 93.3 $ 89.9 $ 95.8
Netloss $ (0.3) $ (7.5) $ (2.4) $ (21.8)
Netlosspercommonshare:
Basic $ (0.01) $ (0.20) $ (0.06) $ (0.59)
Diluted $ (0.01) $ (0.20) $ (0.06) $ (0.59)
15. SUBSEQUENT EVENTS (UNAUDITED)
InJanuary2016PCMexerciseditsoption(forapproximately$0.4million)toacquiretheconsumercustomerlistsandrelatedinformationusedinconnectionwith
orgeneratedbytheNATGwebbusinessintheUnitedStates.InFebruary2016,theCompanyandPCMcompleteddeliveryoftheremainingassets.
Asofthisfiling,theCompanyhascompletedmostoftheNATGwinddownactivities,includingsellingitsremaininginventory,closingthetworemainingretail
storesandclosingitsremainingdistributioncenter;employeereductionswereprimarilycompletedinthefourthquarterof2015andthefirstquarterof2016and
currentlyapproximately30employeesremainattheMiamilocation.Theseemployeesareperformingwind-downactivitiesanditisanticipatedtheseactivities
willbesubstantiallycompletebytheendofthesecondquarterof2016;anyremainingactivitiesafterthatdatewillbeundertakenbytheCompany’sCorporate
functioninNewYork.TheCompanyanticipatescompletingallwinddownofremainingoperationsin2016,otherthansettlingofremainingleaseobligations.
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