Dollar General 2009 Annual Report Download - page 119

Download and view the complete annual report

Please find page 119 of the 2009 Dollar General 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 131

  • 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
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131

DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
15. Guarantor subsidiaries (Continued)
March 6, 2007 through February 1, 2008
DOLLAR
GENERAL GUARANTOR OTHER CONSOLIDATED
SUCCESSOR CORPORATION SUBSIDIARIES SUBSIDIARIES ELIMINATIONS TOTAL
STATEMENTS OF
OPERATIONS:
Net sales ................ $ 96,300 $5,571,493 $65,057 $(161,357) $5,571,493
Cost of goods sold .......... — 3,999,599 — — 3,999,599
Gross profit .............. 96,300 1,571,894 65,057 (161,357) 1,571,894
Selling, general and
administrative expenses ..... 102,030 1,337,311 46,524 (161,357) 1,324,508
Transaction and related costs . . . 1,242 — — — 1,242
Operating profit (loss) ....... (6,972) 234,583 18,533 — 246,144
Interest income ............ (58,786) (23,206) (8,013) 86,206 (3,799)
Interest expense ........... 274,104 64,991 8 (86,206) 252,897
Other (income) expense ...... 3,639 — — — 3,639
Income (loss) before income
taxes ................. (225,929) 192,798 26,538 — (6,593)
Income tax expense (benefit) . . (76,881) 65,166 9,940 — (1,775)
Equity in subsidiaries’ earnings,
net of taxes ............. 144,230 — — (144,230) —
Net income (loss) .......... $ (4,818) $ 127,632 $16,598 $(144,230) $ (4,818)
February 3, 2007 through July 6, 2007
DOLLAR
GENERAL GUARANTOR OTHER CONSOLIDATED
PREDECESSOR CORPORATION SUBSIDIARIES SUBSIDIARIES ELIMINATIONS TOTAL
STATEMENTS OF
OPERATIONS:
Net sales ................ $76,945 $3,923,753 $44,206 $(121,151) $3,923,753
Cost of goods sold .......... — 2,852,178 — — 2,852,178
Gross profit .............. 76,945 1,071,575 44,206 (121,151) 1,071,575
Selling, general and
administrative expenses ..... 64,827 982,321 34,933 (121,151) 960,930
Transaction and related costs . . . 101,397 — — — 101,397
Operating profit (loss) ....... (89,279) 89,254 9,273 — 9,248
Interest income ............ (53,278) (11,472) (5,626) 65,330 (5,046)
Interest expense ........... 19,796 55,828 5 (65,330) 10,299
Income (loss) before income
taxes ................. (55,797) 44,898 14,894 — 3,995
Income tax expense (benefit) . . (4,814) 11,924 4,883 — 11,993
Equity in subsidiaries’ earnings,
net of taxes ............. 42,985 — — (42,985) —
Net income (loss) .......... $ (7,998) $ 32,974 $10,011 $ (42,985) $ (7,998)
108