Staples 2012 Annual Report Download - page 116

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C-4
STAPLES, INC. AND SUBSIDIARIES
Consolidated Statements of Income
(Dollar Amounts in Thousands, Except Share Data)
Fiscal Year Ended
February 2, 2013 January 28, 2012 January 29, 2011
Sales $ 24,380,510 $ 24,664,752 $ 24,135,253
Cost of goods sold and occupancy costs 17,889,249 17,974,884 17,600,006
Gross profit 6,491,261 6,689,868 6,535,247
Operating expenses:
Selling, general and administrative 4,884,284 4,991,195 4,832,444
Impairment of goodwill and long-lived assets 810,996 — —
Amortization of intangibles 78,900 64,902 61,689
Integration and restructuring costs 207,016 — 57,765
Total operating expenses 5,981,196 5,056,097 4,951,898
Operating income 510,065 1,633,771 1,583,349
Other (expense) income:
Interest income 5,340 7,370 7,397
Interest expense (162,477)(173,394)(214,410)
Loss on early extinguishment of debt (56,958)— —
Other income (expense), net (30,547)(3,103)(9,799)
Income from continuing operations before income taxes 265,423 1,464,644 1,366,537
Income tax expense 426,270 477,247 467,577
(Loss) income from continuing operations, including the
portion attributable to the noncontrolling interests (160,847) 987,397 898,960
Discontinued Operations:
Loss from discontinued operations, net of income taxes (49,978)(3,564)(10,391)
Consolidated net (loss) income (210,825) 983,833 888,569
(Loss) income attributed to the noncontrolling interests (119)(823) 6,621
(Loss) income attributed to Staples, Inc. $(210,706) $ 984,656 $ 881,948
Amounts attributable to Staples, Inc.
(Loss) income from continuing operations $ (160,728) $ 988,220 $ 892,339
Loss from discontinued operations (49,978)(3,564)(10,391)
(Loss) income attributed to Staples, Inc. $ (210,706) $ 984,656 $ 881,948
Basic Earnings Per Common Share:
Continuing operations attributed to Staples, Inc. $ (0.24) $ 1.42 $ 1.24
Discontinued operations attributed to Staples, Inc. (0.07)—
(0.01)
Net (loss) income attributed to Staples, Inc. $ (0.31) $ 1.42 $ 1.23
Diluted Earnings per Common Share:
Continuing operations attributed to Staples, Inc. $ (0.24) $ 1.40 $ 1.22
Discontinued operations attributed to Staples, Inc. (0.07)—
(0.01)
Net (loss) income attributed to Staples, Inc. $ (0.31) $ 1.40 $ 1.21
Dividends declared per common share $ 0.44 $ 0.40 $ 0.36
See notes to consolidated financial statements.