Build-A-Bear Workshop 2013 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2013 Build-A-Bear Workshop annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

Build-A-Bear Workshop, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
(in thousands)
Fiscal Year
2013 2012 2011
Cash flows from operating activities:
Net loss $(2,112) $ (49,295) $ (17,062)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization 19,216 21,422 24,232
Goodwill impairment - 33,670 -
Asset impairment 1,408 4,486 416
Deferred taxes 76 109 14,560
Losses from investment in affiliate - 475 -
Loss on disposal of property and equipment 715 292 624
Stock-based compensation 2,849 3,611 4,605
Trade credit utilization 498 515 253
Change in assets and liabilities:
Inventories (2,987)5,298 (5,477)
Receivables (4,727)(1,520) 35
Prepaid expenses and other assets 2,778 1,263 1,279
Accounts payable and accrued expenses 695 (2,363) 737
Lease related liabilities (1,863)(3,120)(4,743)
Gift cards and customer deposits 2,910 2,445 (561)
Deferred revenue (398) (746)(1,664)
Net cash provided by operating activities 19,058 16,542 17,234
Cash flows from investing activities:
Purchases of property and equipment (19,055)(16,633)(12,035)
Purchases of other assets and other intangible assets (307) (635)(213)
Proceeds from sale or maturity of short term investments - 2,647 4,829
Purchases of short term investments - - (5,899)
Investment in unconsolidated affiliate - (475) -
Cash flow used in investing activities (19,362)(15,096)(13,318)
Cash flows from financing activities:
Proceeds from the exercise of employee stock options, net of withholding
tax payments 348 (1,555)(809)
Purchases of Company's common stock (216)(1,347)(15,002)
Cash flow provided by (used in) financing activities 132 (2,902)(15,811)
Effect of exchange rates on cash (334) 260 (493)
Net decrease in cash and cash equivalents (506)(1,196)(12,388)
Cash and cash equivalents, beginning of period 45,171 46,367 58,755
Cash and cash equivalents, end of period $ 44,665 $ 45,171 $ 46,367
Supplemental disclosure of cash flow information:
Net cash paid (received) during the period for income taxes $1,113 $182 $(98)
See accompanying notes to consolidated
BUILD- A-BEAR WORKSHOP, INC. 2013 FORM 10-K 37