Neiman Marcus 2006 Annual Report Download - page 156
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Please find page 156 of the 2006 Neiman Marcus 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. Forty-three weeks ended July 29, 2006 (Successor)
(in thousands) Company NMG
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Revenues $ — $ 2,885,321 $ 512,417 $ — $ 3,397,738
Cost of goods sold including buying and occupancy
costs (excluding depreciation) — 1,885,917 333,521 — 2,219,438
Selling, general and administrative expenses (excluding
depreciation) — 704,720 97,635 — 802,355
Income from credit card program — (44,765 ) (4,588 ) — (49,353
Depreciation expense — 89,545 17,405 — 106,950
Amortization of customer lists and favorable lease
commitments — 49,880 9,760 — 59,640
Operating earnings — 200,024 58,684 — 258,708
Interest expense, net — 217,665 — — 217,665
Intercompany royalty charges (income) — 201,879 (201,879 ) —
Equity in earnings of subsidiaries (12,455 )(246,570 )— 259,025
Earnings (loss) from continuing operations before
income taxes 12,455 27,050 260,563 (259,025 ) 41,043
Income taxes — 14,595 — — 14,595
Earnings (loss) from continuing operations 12,455 12,455 260,563 (259,025 ) 26,448
(Loss) earnings from discontinued operations, net of
taxes — — (14,251 )258 (13,993
Net earnings (loss) $ 12,455 $ 12,455 $ 246,312 $ (258,767 )$ 12,455
Nine weeks ended October 1, 2005 (Predecessor)
(in thousands) NMG
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Revenues $ 530,667 $ 101,705 $ — $ 632,372
Cost of goods sold including buying and occupancy
costs (excluding depreciation) 312,454 59,088 — 371,542
Selling, general and administrative expenses (excluding
depreciation) 135,279 20,353 — 155,632
Income from credit card program (6,994 ) (824 ) — (7,818
Depreciation expense 16,118 3,091 — 19,209
Transaction and other costs 23,544 — — 23,544
Operating earnings 50,266 19,997 — 70,263
Interest income, net (910 ) — — (910
Intercompany royalty charges (income) 46,240 (46,240 ) — —
Equity in earnings of subsidiaries (65,444 )— 65,444 —
Earnings (loss) from continuing operations before
income taxes 70,380 66,237 (65,444 ) 71,173
Income taxes 26,226 — — 26,226
Earnings (loss) from continuing operations 44,154 66,237 (65,444 ) 44,947
(Loss) earnings from discontinued operations, net of
taxes — (1,346 )553 (793
Net earnings (loss) $ 44,154 $ 64,891 $ (64,891 )$ 44,154
F-56