ney ba Beppert NE fice yo When answering the questions being asked, please be sure that you focus on interpreting the information, as that is the real assignment here. Don't just list what is happening; give those details as your answer. Use those details to support your interpretation; I think you will learn more about the topics at hand! In addition, always be sure you are relating these back to the companies' financial position, any GAAP rules that apply to the situation, how those rules can be manipulated, or a combination of all three! Doing either or all of those (whichever applies to the question at hand) will show Consolidated State Consolidated Statements of Oper Consolidated Balance Sheets Consolidated Statements of Operations- USD (S) shares in Millions, S in 12 Months Ended Millions Jan. 28, 2017 REVENUES Merchandise sales and services COSTS AND EXPENSES Cost of sales, buying and occupancy Selling and administrative Depreciation and amortization Impairment charges Gain on sales of assets Total costs and expenses Operating loss Interest expense Interest and investment income (loss) Other income Loss before income taxes Income tax (expense) benefit Net loss (Income) loss attributable to noncontrolling interests NET LOSS ATTRIBUTABLE TO HOLDINGS' SHAREHOLDERS NET LOSS PER COMMON SHARE ATTRIBUTABLE TO HOLDINGS SHAREHOLDERS Basic loss per share (in USD per share) Diluted loss per share (in USD per share) Basic weighted average common shares outstanding (in shares) Diluted weighted average common shares outstanding (in shares) [1] [2] [3] [1] [3] $22,138 [1].[2] 17,452 6,109 375 427 (247) 24,116 (1,978) (404) (26) 13 (2,395) 174 (2,221) 0 $(2,221) $ (20.78) $ (20.78) 106.9 106.9 Jan. 30, 2016 $25,146 [1].[2] 19,336 6,857 422 274 (743) 26,146 (1,000) (323) (62) (1,385) 257 (1,128) (1) $(1,129) $ (10.59) $ (10.59) 106.6 106.6 Jan. 31, 2015 $31,198 [1] [2] 24,049 8,220 581 63 (207) 32,706 (1,508) (313) 132 4 (1,685) (125) (1,810) 128 $(1,682) $(15.82) $(15.82) 106.3 106.3 Includes merchandise sales to Sears Hometown and Outlet Stores, Inc. ("SHO") of $1.1 billion, $1.3 billion and $1.4 billion in 2016, 2015 and 2014, respectively. Pursuant to the terms of the separation, merchandise is sold to SHO at cost. Includes revenue from Lands' End, Inc. ("Lands' End") for retail services and rent for Lands' End Shops at Sears, participation in the Shop Your Way program and corporate shared services of $52 million, $59 million and $59 million in 2016, 2015 and 2014, respectively. Includes rent expense (consisting of straight-line rent expense offset by amortization of a deferred gain on sale-leaseback) of $83 million and $49 million in 2016 and 2015, respectively, and installment expenses of $64 million and $40 million in 2016 and 2015, respectively, pursuant to the master lease with Seritage Growth Properties ("Seritage"). There were no such rent or installment expenses paid to Seritage in 2014. For the Sears Company, provide a brief detail of the one-time charges included in the income statement. What do these charges inform the reader regarding the ongoing survival of the company? Since sale of assets are included in all four of the most recent year financial statements what does this inform the reader?

When answering the questions being asked, please be sure that you focus on interpreting the information, as that is the real assignment here. Don't just list what is happening; give those details as your answer. Use those details to support your interpretation; I think you will learn more about the topics at hand! In addition, always be sure you are relating these back to the companies' financial position, any GAAP rules that apply to the situation, how those rules can be manipulated, or a combination of all three! Doing either or all of those (whichever applies to the question at hand) will show terms of the separabon, encrchandise is sold to 5HO at cont repectively. ropectively, Furnuart to the master lease with Seritage Ceowth Foporie (Seritage') There were mo wach terst or initallment eqperues paid bo Saitage in 2014. For the Sears Company, provide a brief detail of the one-time charges included in the income statement. What do these charges inform the reader regarding the ongoing survival of the company? Since sale of assets are included in all four of the most recent year financial statements what does this inform the reader? When answering the questions being asked, please be sure that you focus on interpreting the information, as that is the real assignment here. Don't just list what is happening; give those details as your answer. Use those details to support your interpretation; I think you will learn more about the topics at hand! In addition, always be sure you are relating these back to the companies' financial position, any GAAP rules that apply to the situation, how those rules can be manipulated, or a combination of all three! Doing either or all of those (whichever applies to the question at hand) will show terms of the separabon, encrchandise is sold to 5HO at cont repectively. ropectively, Furnuart to the master lease with Seritage Ceowth Foporie (Seritage') There were mo wach terst or initallment eqperues paid bo Saitage in 2014. For the Sears Company, provide a brief detail of the one-time charges included in the income statement. What do these charges inform the reader regarding the ongoing survival of the company? Since sale of assets are included in all four of the most recent year financial statements what does this inform the reader? When answering the questions being asked, please be sure that you focus on interpreting the information, as that is the real assignment here. Don't just list what is happening; give those details as your answer. Use those details to support your interpretation; I think you will learn more about the topics at hand! In addition, always be sure you are relating these back to the companies' financial position, any GAAP rules that apply to the situation, how those rules can be manipulated, or a combination of all three! Doing either or all of those (whichever applies to the question at hand) will show terms of the separabon, encrchandise is sold to 5HO at cont repectively. ropectively, Furnuart to the master lease with Seritage Ceowth Foporie (Seritage') There were mo wach terst or initallment eqperues paid bo Saitage in 2014. For the Sears Company, provide a brief detail of the one-time charges included in the income statement. What do these charges inform the reader regarding the ongoing survival of the company? Since sale of assets are included in all four of the most recent year financial statements what does this inform the reader? When answering the questions being asked, please be sure that you focus on interpreting the information, as that is the real assignment here. Don't just list what is happening; give those details as your answer. Use those details to support your interpretation; I think you will learn more about the topics at hand! In addition, always be sure you are relating these back to the companies' financial position, any GAAP rules that apply to the situation, how those rules can be manipulated, or a combination of all three! Doing either or all of those (whichever applies to the question at hand) will show terms of the separabon, encrchandise is sold to 5HO at cont repectively. ropectively, Furnuart to the master lease with Seritage Ceowth Foporie (Seritage') There were mo wach terst or initallment eqperues paid bo Saitage in 2014. For the Sears Company, provide a brief detail of the one-time charges included in the income statement. What do these charges inform the reader regarding the ongoing survival of the company? Since sale of assets are included in all four of the most recent year financial statements what does this inform the reader