EXHIBIT 2: AMERICAN APPAREL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS, 2009-2014 (Amounts and shares in thousands, except per share amounts) Years Ended December 31, 2013 2012 2011 2010 2009 Net sales $ 633,941 $ 617,310 $ 547,336 $ 532,989 $ 558,775 Cost of sales 313,056 289,927 252,436 253,080 238,863 Gross profit 320,885 327,383 294,900 279,909 319,912 Selling expenses 241,683 227,447 209,841 218, 198 198,518 General and administrative expenses 106,957 97,327 104,085 103, 167 93,636 Retail store impairment 1,540 1,647 4,267 8,597 3,343 (Loss) income from operations (29,295) 962 (23,293) (50,053) 24,415 Interest expense 39,286 41,559 33, 167 23,752 22,627 Foreign currency transaction loss 120 1,679 (686) (2,920 Unrealized loss (gain) on change in fair value of warrants and purchase rights 3,713 4,126 (23,467) 993 Loss (gain) on extinguishment of debt 32, 101 (11,588) 3, 114 Other expense (income) 131 204 (193) 39 (220 Loss before income taxes (104,527) (33,459) (37,593) (74, 151) 4,928 Income tax provision 1,771 3,813 1,721 12, 164 3,816 Net loss $ (106,298) (37,272) $ (39,314) $ (86,315) $ 1,112 Basic and diluted loss per share $ (0.96) $ (0.35) (0.42) $ (1.21) $ 0.02 Weighted average basic and diluted shares (1.21) $ 0.01 outstanding 110,326 105,980 92,599 71,626 71,026 Net loss (from above) $ (106,298) $ (37,272) $ (39,314) $ (86,315) $ 1,112 Other comprehensive (loss) income item: Foreign currency translation, net of tax (1,581) 631 (188) (1,085) 620 Other comprehensive (loss) income, net of tax (1,581) 631 (188) (1,085) 620 Comprehensive loss $ (107,879) $ (36,641) $ (39,502) $ (87,400) $ 1,732 Source: Compiled by the author from American Apparel's annual reports, year 2009 - 2013. American Apparel, Inc., Edgar Online, accessed March 27, 2016.EXHIBIT 3: AMERICAN APPAREL INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET, 2008-2013 December 31, (Amounts and shares in thousands, except per share amounts) 2013 2012 2011 2010 2009 2008 ASSETS CURRENT ASSETS Cash 8,676 $ 12,853 $ 10,293 $ 7,656 $ 9,046 $ 11,368 Trade accounts receivable 20,701 22,962 20,939 16,688 16,907 16,439 Restricted cash 3,733 Prepaid expenses and other current assets 15,636 9.589 7,631 9,401 9.994 5,369 Inventories, net 169,378 174,229 185,764 178,052 141,235 148,154 Income taxes receivable and prepaid income taxes 306 530 5,955 4,114 4,494 604 Deferred income taxes, net of valuation allowance 599 494 148 626 4,627 3,935 Total current assets 215,296 224,390 230,730 216,537 186,303 185,869 Property and equipment, net 69,303 67,778 67,438 85,400 103,310 112,408 Deffered taxes 2,426 1,261 1,529 1,695 12,033 10,137 Other assets, net 46,727 34,783 25,024 24,318 25,933 25,195 TOTAL ASSETS $ 333,752 5328,212 $324,721 $327,950 $327,579 $333,609 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY CURRENT LIABILITIES Cash overdraft 3,993 $ $ 1,921 $ 3,328 $ 3,741 $ 2,413 Revolving credit facilities and current portion of long-term debt 44,042 60,556 50,375 138,478 6,346 34,318 Accounts payable 38,290 38, 160 33,920 31,534 19,705 32,731 Accrued expenses and other current liabilities 50,018 41,516 43,725 39,028 30,573 22,140 Fair value of warrant liability 20,954 17,241 9,633 993 2,608 8,582 Income taxes payable 1,742 2,137 2.445 230 Deferred income tax liability, current 1,241 296 150 Current portion of capital lease obligations 1,709 1,703 1,181 560 1,907 2,616 Total current liabilities 161,989 161,609 143,350 214,151 64,880 102,800 LONG-TERM DEBT, net of unamortized discount of $5,779 and $27,929 at December 31, 2013 and 2012, respectively 213,468 110,012 97,142 444 Subordinated notes payble to related party 5,453 2,844 4,611 65,997 67,050 Capital lease obligations, net of current portion 1,726 542 4,355 3,292 Deferred tax liability 536 262 96 260 1,020 1,986 Deferred rent, I 18,225 20,706 22,231 24,924 22,052 16,011 Other long-term liabilities 11,485 10,695 12,046 7.994 11,934 6,058 Total Long -Term Liabilitys 249,167 144,519 133,241 38,775 105,358 94,397 TOTAL LIABILITIES 411,156 306,128 276,591 252,926 $170,238 $197,197 STOCKHOLDERS' (DEFICIT) EQUITY Shares outstanding at December 31, 2012 11 11 11 Additional paid-in capital 185,472 177,081 166,486 153,881 150,449 131,252 Accumulated other comprehensive loss (4,306) (2,725) (3,356) (3,168) (2,083) (2,703) Accumulated deficit (256,424) (150,126) (112,854) (73,540) 19,012 17,900 Less: Treasury stock, 304 shares at cost (2,157) (2,157) (2,157) (2,157) (10,044) (10,044) TOTAL STOCKHOLDERS' (DEFICIT) EQUITY (77,404) 22,084 48,130 75,024 157,341 136,412 TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY $ 333,752 $328,212 $324,721 $327,950 $327,579 $333,609 Source: Compiled by the author from American Apparel's 8-K reports for the year 2008-2013. American Apparel, Inc., Edgar Online, accessed March 27, 2016EXHIBIT 4: CASH FLOW STATEMENTS FOR AMERICAN APPAREL, 2009-2013 (in thousands) 2013 2012 2011 2010 2009 Net cash (used in) provided by: Operating activities S (12,723) $ 23,589 $ 2,305 $(32,370) $ 45,203 Investing activities (25,147) (24,853) (10,759) (15,662) (20,889) Financing activities 34,228 4,214 12,582 48,172 (25,471) Effect of foreign exchange rate changes on cash (535) (390) (1,491) (1,530) (1,165) Net (decrease) increase in cash $ (4,177) $ 2,560 $ 2,637 $ (1,390) $ (2,322) Source: Compiled by the author from American Apparel's 8-K reports for the year 2008-2013. American Apparel, Inc., Edgar Online, accessed March 27, 2016. EXHIBIT 5: AMERICAN APPAREL'S COMPARABLE STORE NUMBERS For the Quarter Ended Year March 31 June 30 September 30 December 31 Number 2013 238 237 237 235 of 2013 243 244 242 238 stores 2011 249 248 244 241 Source: Compiled by the author from American Apparel's 8-K reports for the year 2008-2013. American Apparel, Inc., Edgar Online, accessed March 27, 2016