DFS Annual Report

Notes to the Consolidated and Combined Financial Statements (in millions, except per share data, unless otherwise indicated)-(Continued) Condensed Consolidating Statements of Operations Year Ended December 31, 2014 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Services net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ 529.7 $116.2 $ (7.7) $ 638.2 Products net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 396.3 50.7 (5.1) 441.9 Total net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 926.0 166.9 (12.8) 1,080.1 Services cost of sales (exclusive of depreciation and amortization) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 237.3 70.8 (6.9) 301.2 Services cost of sales with RR Donnelley affiliates (exclusive of depreciation and amortization) . . . . . . . . . — 36.9 2.4 — 39.3 Products cost of sales (exclusive of depreciation and amortization) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 208.8 33.4 (5.9) 236.3 Products cost of sales with RR Donnelley affiliates (exclusive of depreciation and amortization) . . . . . . . . . — 76.3 0.2 — 76.5 Total cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 559.3 106.8 (12.8) 653.3 Selling, general and administrative expenses (exclusive of depreciation and amortization) . . . . . . . . . . . . . . . . . . . . . . . . — 254.7 35.8 — 290.5 Restructuring, impairment and other charges-net . . . . . . . . . . . — 2.5 2.3 — 4.8 Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . — 36.1 4.6 — 40.7 Income from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 73.4 17.4 — 90.8 Interest expense-net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1.5 — — 1.5 Investment and other income-net . . . . . . . . . . . . . . . . . . . . . . . . — (3.0) (0.1) — (3.1) Earnings before income taxes and equity in net income of subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 74.9 17.5 — 92.4 Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 31.1 3.9 — 35.0 Earnings before equity in net income of subsidiaries . . . . . . — 43.8 13.6 — 57.4 Equity in net income of subsidiaries . . . . . . . . . . . . . . . . . . . . . 57.4 13.6 — (71.0) — Net earnings (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 57.4 $ 57.4 $ 13.6 $ (71.0) $ 57.4 Comprehensive (loss) income . . . . . . . . . . . . . . . . . . . . . . . . . $(115.4) $(115.4) $ 10.7 $104.7 $ (115.4) F-39