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Press Releases
FINANCIAL RESULTS
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited) |
|
| ASSETS |
| CURRENT ASSETS: |
| |
Cash and cash equivalents |
$ 390,000 |
$ 2,330,000 |
| |
Receivables, net |
529,000 |
403,000 |
| |
Inventories |
58,573,000 |
51,791,000 |
| |
Prepaid expenses and other current assets |
1,478,000 |
1,214,000 |
| |
Deferred income taxes |
1,923,000 |
1,287,000 |
| |
Total current assets |
62,893,000 |
57,025,000 |
| PROPERTY AND EQUIPMENT, Net |
10,756,000 |
10,520,000 |
INTANGIBLE ASSETS, Net
DEFERRED INCOME TAXES |
7,811,000
1,613,000 |
172,000
1,292,000 |
| OTHER ASSETS |
360,000 |
420,000 |
| |
TOTAL |
$ 83,433,000 |
$ 69,429,000 |
|
| LIABILITIES AND STOCKHOLDERS' EQUITY |
| CURRENT LIABILITIES: |
| |
Short-term borrowings
Current portion of long-term debt
Accounts payable |
$ 12,191,000
1,616,000
14,577,000 |
$ 15,628,000
272,000
7,720,000 |
| |
Income taxes payable |
1,006,000 |
452,000 |
| |
Accrued expenses and other current
liabilities |
4,533,000 |
4,963,000 |
| |
Total current liabilities |
33,923,000 |
29,035,000 |
NOTES PAYABLE
CAPITAL LEASE OBLIGATIONS |
4,736,000
83,000 |
530,000
298,000 |
DEFERRED RENT AND LEASE INCENTIVES
DEFERRED GAIN ON SALE-LEASEBACK |
1,376,000
208,000 |
953,000
261,000 |
| |
Total liabilities |
40,326,000 |
31,077,000 |
| STOCKHOLDERS' EQUITY |
43,107,000 |
38,352,000 |
| |
TOTAL |
$ 83,433,000 |
$ 69,429,000 |
|
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
OPERATIONS
(Unaudited) |
| |
Three Months Ended
September 30 |
Nine Months Ended
September 30 |
| |
2005 |
2004 |
2005 |
2004 |
|
| NET SALES |
$44,909,000 |
$42,695,000 |
$119,695,000 |
$105,619,000 |
| COST OF GOODS SOLD |
19,623,000 |
19,262,000 |
53,502,000 |
47,934,000 |
| GROSS PROFIT |
25,286,000 |
23,433,000 |
66,193,000 |
57,685,000 |
| OPERATING EXPENSES: |
|
|
|
|
| |
Selling, marketing and distribution |
20,055,000 |
19,363,000 |
57,649,000 |
52,371,000 |
| |
General and administrative |
2,207,000 |
1,811,000 |
6,236,000 |
5,544,000 |
| |
Total operating expenses |
22,262,000 |
21,174,000 |
63,885,000 |
57,915,000 |
| INCOME (LOSS) FROM OPERATIONS |
3,024,000 |
2,259,000 |
2,308,000 |
(230,000) |
| OTHER INCOME |
--------- |
--------- |
--------- |
82,000 |
| INTEREST INCOME |
1,000 |
5,000 |
42,000 |
25,000 |
| INTEREST EXPENSE |
(170,000) |
(192,000) |
(618,000) |
(619,000) |
| INCOME (LOSS) BEFORE PROVISION |
|
|
|
|
| |
(BENEFIT) FOR INCOME TAXES |
2,855,000 |
2,072,000 |
1,732,000 |
(742,000) |
| PROVISION (BENEFIT) FOR INCOME TAXES |
1,085,000 |
788,000 |
658,000 |
(281,000) |
| NET INCOME (LOSS) |
$ 1,770,000 |
$ 1,284,000 |
$ 1,074,000 |
$ (461,000) |
| NET INCOME (LOSS) PER SHARE: |
|
|
|
|
| |
BASIC |
$ 0.19 |
$ 0.14 |
$ 0.12 |
$ (0.05) |
| |
DILUTED |
$ 0.18 |
$ 0.13 |
$ 0.11 |
$ (0.05) |
| WEIGHTED AVERAGE SHARES
OUTSTANDING: |
|
|
|
|
| |
BASIC |
9,141,000 |
9,189,000 |
9,169,000 |
8,568,000 |
| |
DILUTED |
9,680,000 |
9,633,000 |
9,736,000 |
8,568,000 |
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