Express 2011 Annual Report Download - page 94

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EXPRESS, INC.
CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME
(Amounts in thousands)
2009
Express, Inc.
Subsidiary
Issuers
Guarantor
Subsidiaries
Other
Subsidiaries Eliminations
Consolidated
Total
Net sales ................... $ — $1,721,066 $ — $ — $ — $1,721,066
Cost of goods sold, buying and
occupancy costs ........... — 1,175,088 — — — 1,175,088
Gross profit ................. — 545,978 — — — 545,978
Selling, general, and
administrative expenses ..... 19 409,414 (302) 67 — 409,198
Other operating expense
(income), net .............. — 9,943 — 2 (2) 9,943
Operating income (loss) ....... (19) 126,621 302 (69) 2 126,837
Interest expense .............. — 9,726 — 43,496 — 53,222
Interest income .............. — (484) — — — (484)
(Income) loss in subsidiary ..... (75,324) (302) — (118,668) 194,294 —
Other expense (income), net .... — (2,444) — — — (2,444)
Income (loss) before income
taxes .................... 75,305 120,125 302 75,103 (194,292) 76,543
Income tax expense (benefit) . . . — 1,457 — (221) — 1,236
Net income (loss) ............ $75,305 $ 118,668 $ 302 $ 75,324 $(194,292) $ 75,307
Foreign currency translation .... — — — — — —
Comprehensive income ........ $75,305 $ 118,668 $ 302 $ 75,324 $(194,292) $ 75,307
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