Express 2011 Annual Report Download - page 92

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EXPRESS, INC.
CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME
(Amounts in thousands)
2011
Express, Inc.
Subsidiary
Issuers
Guarantor
Subsidiaries
Other
Subsidiaries Eliminations
Consolidated
Total
Net sales ................... $ — $2,067,447 $ — $ 5,908 $ — $2,073,355
Cost of goods sold, buying and
occupancy costs ........... — 1,312,758 — 6,136 — 1,318,894
Gross profit ................. — 754,689 — (228) — 754,461
Selling, general, and
administrative expenses ..... 1,689 478,487 (282) 3,929 — 483,823
Other operating expense
(income), net .............. — 258 — (566) — (308)
Operating income (loss) ....... (1,689) 275,944 282 (3,591) — 270,946
Interest expense .............. — 35,804 — 115 (115) 35,804
Interest income .............. — (127) — — 115 (12)
(Income) loss in subsidiary ..... (141,467) 3,020 — (141,185) 279,632 —
Other expense (income), net .... — — — (411) — (411)
Income (loss) before income
taxes .................... 139,778 237,247 282 137,890 (279,632) 235,565
Income tax expense (benefit) . . . (912) 96,062 — (282) — 94,868
Net income (loss) ............ $140,690 $ 141,185 $ 282 $ 138,172 $(279,632) $ 140,697
Foreign currency translation .... — — — (7) — (7)
Comprehensive income ........ $140,690 $ 141,185 $ 282 $ 138,165 $(279,632) $ 140,690
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