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Press Releases
FINANCIAL RESULTS
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS |
|
| ASSETS |
| CURRENT ASSETS: |
| |
Cash and cash equivalents |
$ 4,670,000 |
$ 10,503,000 |
| |
Receivables, net |
411,000 |
116,000 |
| |
Inventories |
39,581,000 |
24,752,000 |
| |
Prepaid expenses and other current assets |
928,000 |
789,000 |
| |
Deferred income taxes |
1,691,000 |
875,000 |
| |
Total current assets |
47,281,000 |
37,035,000 |
| PROPERTY AND EQUIPMENT, Net |
9,956,000 |
4,144,000 |
INTANGIBLE ASSETS, Net
DEFERRED INCOME TAXES |
172,000
1,042,000 |
211,000
946,000 |
| OTHER ASSETS |
380,000 |
246,000 |
| |
TOTAL |
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|
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| LIABILITIES AND STOCKHOLDERS' EQUITY |
| CURRENT LIABILITIES: |
| |
Short-term borrowings
Current portion of long-term debt
Accounts payable |
$ 304,000
243,000
5,033,000 |
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1,932,000 |
| |
Income taxes payable |
2,643,000 |
1,513,000 |
| |
Accrued expenses and other current
liabilities |
6,331,000 |
4,016,000 |
| |
Total current liabilities |
14,554,000 |
7,461,000 |
NOTES PAYABLE
CAPITAL LEASE OBLIGATIONS |
289,000
256,000 |
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DEFERRED RENT AND LEASE INCENTIVES
DEFERRED GAIN ON SALE-LEASEBACK |
943,000
248,000 |
606,000
301,000 |
| |
Total liabilities |
16,290,000 |
8,368,000 |
| STOCKHOLDERS' EQUITY |
42,541,000 |
34,214,000 |
| |
TOTAL |
$ 58,831,000 |
$ 42,582,000 |
|
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
OPERATIONS |
| |
Three Months Ended
December 31 |
Years Ended
December 31 |
| |
2004 |
2003 |
2004 |
2003 |
| |
(Unaudited) |
(Unaudited) |
|
|
|
| NET SALES |
$ 55,739,000 |
$ 34,708,000 |
$161,358,000 |
$103,757,000 |
| COST OF GOODS SOLD |
24,799,000 |
15,126,000 |
72,733,000 |
45,025,000 |
| GROSS PROFIT |
30,940,000 |
19,582,000 |
88,625,000 |
58,732,000 |
| OPERATING EXPENSES: |
|
|
|
|
| |
Selling, marketing and distribution |
21,585,000 |
13,505,000 |
73,956,000 |
49,089,000 |
| |
General and administrative |
2,516,000 |
1,476,000 |
8,060,000 |
5,199,000 |
| |
Total operating expenses |
24,101,000 |
14,981,000 |
82,016,000 |
54,288,000 |
| INCOME FROM OPERATIONS |
6,839,000 |
4,601,000 |
6,609,000 |
4,444,000 |
| OTHER INCOME |
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82,000 |
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| INTEREST EXPENSE, NET |
(237,000) |
(79,000) |
(831,000) |
(318,000) |
| INCOME BEFORE PROVISION |
|
|
|
|
| |
FOR INCOME TAXES |
6,602,000 |
4,522,000 |
5,860,000 |
4,126,000 |
| PROVISION FOR INCOME TAXES |
2,453,000 |
1,640,000 |
2,172,000 |
1,489,000 |
| NET INCOME |
$ 4,149,000 |
$ 2,882,000 |
$ 3,688,000 |
$ 2,637,000 |
| NET INCOME PER SHARE |
|
|
|
|
| |
BASIC |
$ 0.45 |
$ 0.35 |
$ 0.42 |
$ 0.32 |
| |
DILUTED |
$ 0.43 |
$ 0.35 |
$ 0.40 |
$ 0.32 |
| WEIGHTED AVERAGE SHARES
OUTSTANDING: |
|
|
|
|
| |
BASIC |
9,178,000 |
8,243,000 |
8,722,000 |
8,307,000 |
| |
DILUTED |
9,732,000 |
8,248,000 |
9,174,000 |
8,307,000 |
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