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Press Releases
FINANCIAL RESULTS
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS |
|
| ASSETS |
| CURRENT ASSETS: |
| |
Cash and cash equivalents |
$3,587,000 |
$3,530,000 |
| |
Receivables, net |
2,511,000 |
894,000 |
| |
Inventories |
58,608,000 |
44,518,000 |
| |
Prepaid expenses and other current assets |
1,170,000 |
1,046,000 |
| |
Deferred income taxes |
2,741,000 |
1,681,000 |
| |
Total current assets |
68,617,000 |
51,669,000 |
| PROPERTY AND EQUIPMENT, Net |
24,174,000 |
11,931,000 |
| INTANGIBLE ASSETS, Net |
4,125,000 |
4,473,000 |
| GOODWILL |
3,131,000 |
3,131,000 |
| DEFERRED INCOME TAXES |
2,221,000 |
1,187,000 |
| OTHER ASSETS |
393,000 |
362,000 |
| |
TOTAL |
$102,661,000 |
$72,753,000 |
|
| LIABILITIES AND STOCKHOLDERS' EQUITY |
| CURRENT LIABILITIES: |
| |
Short-term borrowings
Current portion of long-term debt
Accounts payable |
$
25,722,000
1,769,000
8,690,000 |
$2,796,000
1,775,000
7,478,000 |
| |
Income taxes payable |
1,511,000 |
1,367,000 |
| |
Accrued expenses and other current
liabilities |
8,335,000 |
6,615,000 |
| |
Total current liabilities |
46,027,000 |
20,031,000 |
NOTES PAYABLE
CAPITAL LEASE OBLIGATIONS |
2,829,000
26,000 |
4,565,000
47,000 |
DEFERRED RENT AND LEASE INCENTIVES
DEFERRED GAIN ON SALE-LEASEBACK |
4,508,000
143,000 |
1,468,000
195,000 |
| |
Total liabilities |
53,533,000 |
26,306,000 |
| STOCKHOLDERS' EQUITY |
49,128,000 |
46,447,000 |
| |
TOTAL |
$102,661,000 |
$72,753,000 |
|
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
OPERATIONS
|
| |
Three Months Ended
December 31,
(Unaudited) |
Year Ended
December 31, |
| |
2006 |
2005 |
2006 |
2005 |
|
| NET SALES |
$72,628,000 |
$59,420,000 |
$218,604,000 |
$179,115,000 |
| COST OF GOODS SOLD |
34,209,000 |
26,809,000 |
101,723,000 |
80,311,000 |
| GROSS PROFIT |
38,419,000 |
32,611,000 |
116,881,000 |
98,804,000 |
| OPERATING EXPENSES: |
|
|
|
|
| |
Selling, marketing and distribution |
28,215,000 |
22,080,000 |
97,910,000 |
77,132,000 |
| |
General and administrative
Depreciation and amortization |
2,653,000
1,998,000 |
3,041,000
1,249,000 |
8,817,000
6,524,000 |
8,950,000
4,173,000 |
| |
Total operating expenses |
32,866,000 |
26,370,000 |
113,251,000 |
90,255,000 |
| INCOME FROM OPERATIONS |
5,553,000 |
6,241,000 |
3,630,000 |
8,549,000 |
| INTEREST INCOME |
2,000 |
2,000 |
8,000 |
44,000 |
| INTEREST EXPENSE |
(726,000) |
(358,000) |
(2,084,000) |
(976,000) |
| INCOME BEFORE PROVISION |
|
|
|
|
| |
FOR INCOME TAXES |
4,829,000 |
5,885,000 |
1,554,000 |
7,617,000 |
| PROVISION FOR INCOME TAXES |
1,810,000 |
2,236,000 |
583,000 |
2,894,000 |
| NET INCOME |
$3,019,000 |
$3,649,000 |
$971,000 |
$4,723,000 |
| NET INCOME PER SHARE: |
|
|
|
|
| |
BASIC |
$ 0.33 |
$ 0.40 |
$ 0.11 |
$ 0.52 |
| |
DILUTED |
$ 0.31 |
$ 0.38 |
$ 0.10 |
$ 0.49 |
| WEIGHTED AVERAGE SHARES
OUTSTANDING: |
|
|
|
|
| |
BASIC |
9,236,000 |
9,075,000 |
9,180,000 |
9,145,000 |
| |
DILUTED |
9,885,000 |
9,664,000 |
9,531,000 |
9,726,000 |
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