What is wrong with the calculations on the cash flow statement, it doesn't add up.
H Casa Grande Brand Inc Balance Sheet Current ye Prior year Two Years F Three Years Prior 636 5,087 5,283 2,129 13,135 10537 10723 5870 2928 30,058 402 7621 9418 3535 20,976 9097 9,901 10,135 5,636 3,102 587 - 3,548 799 607 - 16,923 9,082 9,097 252,870 11,620 28,670 306,295 292765 34920 11620 29193 398,556 315793 72012 18900 44000 471,681 - 39,895 -23,028 - 34,920 - 37,092 7,280 523 - 14,807 - 92,261 - 73,125 656,596 1 2 3 4 Assets 5 Cash and cash equivalent 6 Accounts receivable 7 Inventories 8 Prepaid expenses and other 9 Total current assets 10 11 Premises and equipment, net 12 Goodwill, net 13 Deferred income tax benefit 14 Other assets 15 Total assets 16 17 Liabilities and shareholders' equity 18 Current liabilities 19 Accounts payable 20 Acrrued liabilities 21 Income taxes payable 22 Total current liabilities 23 24 Long-term debt 25 Other long-term liabilities 26 Total liabilities 27 28 Shareholders' equity (deficit) 29 Common stock 30 Additional paid-in capital 31 Retained earnings (accumulated deficit) 32 Treasury stock at cost 33 Total shareholders' equity (deficit) 34 Total libabilities & shareholders' equity (deficit) 35 36 11,509 54,292 35,038 100,839 15766 64265 33773 113804 16568 64567 30164 111299 - 4,257 - - 9,973 - 1,265 - 12,965 802 302 3,609 2,505 199,869 2,143 302,851 215828 3111 332743 194541 5024 310864 - 15,959 21,287 968 - 1,913 - 29,892 21,879 405 146139 5311 405 154,637 58,118 93,480 3,444 306,295 405 147809 100571 -87968 160817 471681 -86042 65813 398556 8,498 - 1,670 - 63,429 -95,260 - 7,438 1,926 -62,369 -95,004 -92,261 - 73,125 B 2 Income statement for Casa Grande Brands Inc. (US$ Thousands) 3 u - WNP Current year 441,588 Prior year 589,379 Two years prior 650,261 5 Total revenue 6 7 Store operating expenses 8 Food & beverage 9 Labour & benefits 10 Occupancy & other 11 Total 12 125,190 149,140 118,281 392,611 168,222 191,034 156,517 515,773 189,363 207,091 162,433 558,887 13 14,861 26,580 45,994 38,458 19,639 31,011 49,110 26,154 23,140 36,976 58,485 27,227 14 Other operating activities 15 Depreciation and amortization 16 General & administrative 17 Asset impariment 18 Operating income (loss) 19 20 21 Interest expense 22 Other losses and charges 23 Gain on debt extinguishment 24 Loss before income taxes 25 Income tax expense (benefit) 26 Net loss 35,305 22,651 38,262 23,773 31,050 26,458 32,912 63,054 375 63,429 84,110 11,150 95,260 89,262 23,528 65,734 27 28 29 30 31 32 B D E Cash Flow Template Prior year (63,429) $ 14,861 $ 45,994 $ (32,912) $ (35,486) $ (95,260) 19,639 49,110 (26,511) (3,102) 3,548 607 5,636 $ 587 $ 799 $ (4,257) $ (9,973) $ (7,208) $ (42,694) $ (802) (302) (51) (26,562) 1 2 Statement of cash flows for Casa Grande Brands Inc. (US$ Thousands) 3 Current year 4 Cashflows from operating activities 5 Net Income $ 6 Depreciation & Amortization $ 7 Asset Impairment $ 8 SUBRACT: Gain on debt extinguishment $ 9 Cash flow from operations $ 10 11 Increase in accounts receivable $ 12 Increase in inventory $ 13 Decrease in prepaid expenses $ 14 Increase in accounts payable $ 15 Decrease in accrued expenses $ 16 Net change in non cash working capital $ 17 Total cash flows from operations $ 18 19 20 Cash flows from investing activities 21 Sale of equipment $ 22 Capital expenditures $ 23 Proceeds from Other Assets $ 24 Total cash flows from investing $ 25 26 Cash flows from financing activities 27 Issuance (retirement) of long term debt $ 28 Other long term liabilities $ 29 Proceeds from stock issuance $ 30 Total cash flows from financing $ 31 32 Total change in cash (CFO + CFI + CFF) $ 33 34 Beginning cash balance $ 35 Ending cash balance $ 36 37 38 39 19,386 $ 5,426 $ 523 $ 25,335 $ 8,629 22,087 30,716 (15,959) $ 968 $ 1,060 $ (13,931) $ 21,287 1,913 256 23,456 (31,290) $ 27,610 10,537 $ (20,753) $ 402 28,012
