|
Press Releases
FINANCIAL RESULTS
BIG DOG HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited) |
|
| ASSETS |
| CURRENT ASSETS: |
| |
Cash and cash equivalents |
$814,000 |
$789,000 |
| |
Receivables, net |
7,781,000 |
2,187,000 |
| |
Inventories |
77,030,000 |
74,018,000 |
| |
Prepaid expenses and other current assets |
1,677,000 |
1,817,000 |
| |
Deferred income taxes |
2,002,000 |
6,363,000 |
| |
Total current assets |
89,304,000 |
85,174,000 |
| PROPERTY AND EQUIPMENT, Net |
35,654,000 |
25,927,000 |
| INTANGIBLE ASSETS, Net |
3,580,000 |
4,016,000 |
| GOODWILL |
6,296,000 |
3,131,000 |
| DEFERRED INCOME TAXES |
5,053,000 |
1,740,000 |
| OTHER ASSETS |
418,000 |
462,000 |
| |
TOTAL |
$140,305,000 |
$120,450,000 |
|
| LIABILITIES AND STOCKHOLDERS' EQUITY |
| CURRENT LIABILITIES: |
| |
Short-term borrowings
Current portion of long-term debt
Accounts payable |
$ 38,673,000
3,366,000
19,261,000 |
$38,774,000
2,353,000
18,004,000 |
| |
Accrued expenses and other current liabilities |
6,607,000 |
5,758,000 |
| |
Total current liabilities |
67,907,000 |
64,889,000 |
LONG-TERM CONVERTIBLE DEBT
NOTES PAYABLE
CAPITAL LEASE OBLIGATIONS |
17,413,000
3,630,000
1,638,000 |
-
2,621,000
2,243,000 |
DEFERRED RENT AND LEASE INCENTIVES
DEFERRED GAIN ON SALE-LEASEBACK |
8,228,000
76,000 |
4,850,000
129,000 |
| |
Total liabilities |
98,892,000 |
74,732,000 |
| STOCKHOLDERS' EQUITY |
41,413,000 |
45,718,000 |
| |
TOTAL |
$140,305,000 |
$120,450,000 |
|
BIG DOG HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited) |
| |
Three Months Ended
March 31 |
| |
2008 |
2007 |
|
| NET SALES |
$46,378,000 |
$44,224,000 |
| COST OF GOODS SOLD |
23,043,000 |
20,924,000 |
| GROSS PROFIT |
23,335,000 |
23,300,000 |
| OPERATING EXPENSES: |
|
|
| |
Selling, marketing and distribution |
25,865,000 |
25,340,000 |
| |
General and administrative
Depreciation and amortization |
2,029,000
2,068,000 |
2,055,000
1,815,000 |
| |
Total operating expenses |
29,962,000 |
29,210,000 |
| LOSS FROM OPERATIONS |
(6,627,000) |
(5,910,000) |
| INTEREST INCOME |
2,000 |
3,000 |
| INTEREST EXPENSE |
(1,031,000) |
(706,000) |
| LOSS BEFORE BENEFIT FROM |
|
|
| |
INCOME TAXES |
(7,656,000) |
(6,613,000) |
| BENEFIT FROM INCOME TAXES |
(2,680,000) |
(2,478,000) |
| NET LOSS |
$ (4,976,000) |
$ (4,135,000) |
| NET LOSS PER SHARE: |
|
|
| |
BASIC |
$ (0.52) |
$ (0.44) |
| |
DILUTED |
$ (0.52) |
$ (0.44) |
| WEIGHTED AVERAGE SHARES OUTSTANDING: |
|
|
| |
BASIC |
9,481,000 |
9,336,000 |
| |
DILUTED |
9,481,000 |
9,336,000 |
|
|
| |
 |
|