XML 71 R29.htm IDEA: XBRL DOCUMENT v2.4.1.9
QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Feb. 01, 2015
QUARTERLY FINANCIAL DATA (UNAUDITED)  
QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE 17—QUARTERLY FINANCIAL DATA (UNAUDITED)

        The following is a summary of the quarterly consolidated results of operations for the fiscal years ended February 1, 2015 and February 2, 2014 (amounts in millions):

                                                                                                                                                                                    

 

 

First
Quarter

 

Second
Quarter

 

Third
Quarter

 

Fourth
Quarter

 

TOTAL

 

Fiscal Year 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$
2,094

 

$
2,368

 

$
2,415

 

$
2,005

 

$
8,882

 

Gross profit

 

 
603

 

 
686

 

 
692

 

 
577

 

 
2,558

 

Income (loss) from continuing operations

 

 
(4

)

 
42

 

 
54

 

 
(96

)

 
(4

)

Income (loss) from discontinued operations

 

 
(8

)

 
6

 

 
6

 

 
3

 

 
7

 

Net income (loss)

 

 
(12

)

 
48

 

 
60

 

 
(93

)

 
3

 

Basic earnings (loss) per share(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$
(0.02

)

$
0.22

 

$
0.28

 

$
(0.49

)

$
(0.02

)

Income (loss) from discontinued operations          

 

$
(0.04

)

$
0.03

 

$
0.03

 

$
0.02

 

$
0.04

 

Net income (loss)

 

$
(0.06

)

$
0.25

 

$
0.31

 

$
(0.48

)

$
0.02

 

Diluted earnings (loss) per share(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$
(0.02

)

$
0.21

 

$
0.27

 

$
(0.49

)

$
(0.02

)

Income (loss) from discontinued operations          

 

$
(0.04

)

$
0.03

 

$
0.03

 

$
0.02

 

$
0.04

 

Net income (loss)

 

$
(0.06

)

$
0.24

 

$
0.30

 

$
(0.48

)

$
0.02

 

Fiscal Year 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$
1,983

 

$
2,167

 

$
2,207

 

$
1,871

 

$
8,228

 

Gross profit

 

 
565

 

 
626

 

 
633

 

 
534

 

 
2,358

 

Income (loss) from continuing operations

 

 
(126

)

 
(78

)

 
43

 

 
(60

)

 
(221

)

Income (loss) from discontinued operations

 

 
(5

)

 
6

 

 
8

 

 
(6

)

 
3

 

Net income (loss)

 

 
(131

)

 
(72

)

 
51

 

 
(66

)

 
(218

)

Basic earnings (loss) per share(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$
(0.96

)

$
(0.51

)

$
0.22

 

$
(0.31

)

$
(1.32

)

Income (loss) from discontinued operations          

 

$
(0.04

)

$
0.04

 

$
0.04

 

$
(0.03

)

$
0.02

 

Net income (loss)

 

$
(1.00

)

$
(0.47

)

$
0.27

 

$
(0.34

)

$
(1.31

)

Diluted earnings (loss) per share(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$
(0.96

)

$
(0.51

)

$
0.22

 

$
(0.31

)

$
(1.32

)

Income (loss) from discontinued operations          

 

$
(0.04

)

$
0.04

 

$
0.04

 

$
(0.03

)

$
0.02

 

Net income (loss)

 

$
(1.00

)

$
(0.47

)

$
0.26

 

$
(0.34

)

$
(1.31

)

(1)

Basic and Diluted earnings (loss) per share are based on shares outstanding for Holdings. Quarterly earnings per share amounts may not foot due to rounding. In addition, quarterly earnings per share amounts may not add to full-year earnings per share amounts due to the difference in weighted-average common shares for the quarters versus the weighted-average common shares for the year. May not foot due to rounding.

        Income (loss) from continuing operations and Net income (loss) in the fourth quarter of fiscal 2014 includes a loss on extinguishment of debt of $106 million. Income (loss) from continuing operations and Net income (loss) in the first quarter of fiscal 2013 include a loss on extinguishment and modification of debt of $41 million. Income (loss) from continuing operations and Net income (loss) in the second quarter of fiscal 2013 include a loss on extinguishment and modification of debt of $46 million.

        There is no tax impact related to the losses on extinguishment of debt due to the Company's valuation allowance position. See "Note 9, Income Taxes," for further information on the Company's taxes.