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EX-99.2 - RADIOSHACK CORPORATION FORM 8-K JUNE 30, 2011 EXHIBIT 99.2 - RS Legacy Corppressreleaseverizon.htm
EX-99.1 - PRESS RELEASE JUNE 30, 2011 - RS Legacy Corppressreleaseearnings.htm
8-K - RADIOSHACK CORPORATION FORM 8-K JUNE 30, 2011 - RS Legacy Corpform8k063011.htm

 
 
 
Exhibit 99.3
 
 
RadioShack Corporation and Subsidiaries
                       
Consolidated Statements of Income (unaudited)
                       
                         
                         
                         
                         
       Year Ended December 31,  
(In millions, except per share amounts)
 
2010
   
2009
   
2008
   
2007
 
Net sales and operating revenues
  $ 4,265.8     $ 4,073.6     $ 4,034.8     $ 4,075.4  
Cost of products sold
    2,352.1       2,200.5       2,202.8       2,140.5  
Gross profit
    1,913.7       1,873.1       1,832.0       1,934.9  
                                 
Operating expenses:
                               
Selling, general and administrative
    1,483.8       1,435.0       1,435.1       1,468.0  
Depreciation and amortization
    75.7       81.1       83.0       97.8  
Impairment of long-lived assets
    4.0       1.5       2.8       2.7  
Total operating expenses
    1,563.5       1,517.6       1,520.9       1,568.5  
                                 
Operating income
    350.2       355.5       311.1       366.4  
                                 
Interest income
    2.6       4.8       14.6       22.6  
Interest expense
    (41.9 )     (44.1 )     (34.9 )     (38.8 )
Other (loss) income
    0.0       (1.6 )     (2.4 )     0.9  
                                 
Income from continuing operations before income taxes
    310.9       314.6       288.4       351.1  
Income tax expense
    120.2       118.1       105.2       123.8  
                                 
Income from continuing operations
    190.7       196.5       183.2       227.3  
Discontinued operations, net of income taxes
    15.4       8.5       6.2       9.5  
                                 
Net income
  $ 206.1     $ 205.0     $ 189.4     $ 236.8  
                                 
Basic net income per share:
                               
Income per share from continuing operations
  $ 1.58       1.57       1.42       1.69  
Income per share from discontinued operations
    0.13       0.06       0.05       0.07  
Net income per share (basic)
  $ 1.71     $ 1.63     $ 1.47     $ 1.76  
                                 
Diluted net income per share:
                               
Income per share from continuing operations
  $ 1.55       1.56       1.42       1.67  
Income per share from discontinued operations
    0.13       0.07       0.05       0.07  
Net income per share (diluted)
  $ 1.68     $ 1.63     $ 1.47     $ 1.74  
                                 
Shares used in computing net income per share:
                               
Basic
    120.5       125.4       129.0       134.6  
                                 
Diluted
    122.7       126.1       129.1       135.9  
 
 
 

 
1

 
 
 
 
Exhibit 99.3


RadioShack Corporation
                     
Schedule of Comparable Store Sales Gains and Losses (-)
           
Continuing Operations Compared to As Reported
             
                               
                               
                               
   
Calendar 2009
   
Calendar 2010
   
Calendar 2011
 
   
Continuing       
As
   
Continuing        
As
   
Continuing        
As
 
   
Ops
 
Reported
   
Ops
 
Reported
   
Ops
 
Reported
 
                               
Q1
 
5.0%
 
5.0%
   
3.9%
 
4.7%
   
-0.5%
 
-0.6%
 
                               
                               
Q2
 
-4.6%
 
-4.0%
   
5.9%
 
6.7%
           
                               
                               
Q3
 
-3.9%
 
-2.9%
   
6.4%
 
6.2%
           
                               
                               
Q4
 
5.7%
 
6.1%
   
1.2%
 
1.3%
           
                               
Year
 
0.8%
 
1.3%
   
4.1%
 
4.4%
           
                               
                               
                               
 
 
2
 
 



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