Einstein Bros 2002 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 2002 Einstein Bros 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 89

  • 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
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89

http://www.sec.gov/Archives/edgar/data/949373/000104746903027186/a2116520z10-ka.htm[9/11/2014 10:14:22 AM]
December 31,
2002
January 1,
2002
December 31,
2000
Revenues:
Retail sales $ 369,351 $ 206,186 $ 11,997
Manufacturing revenues 23,734 22,285 24,775
Franchise related revenues 5,565 5,704 6,306
Total revenues 398,650 234,175 43,078
Cost of sales 321,506 189,403 30,138
General and administrative expenses 42,640 28,647 12,733
Depreciation and amortization 30,626 15,207 2,254
Provision for integration and reorganization costs. 4,194 4,432 —
Impairment charge in connection with realization of assets held for
sale — 3,259 1,076
Loss from operations. (316) (6,773) (3,123)
Interest expense (42,883) (47,104) (2,076)
Cumulative change in the fair value of derivatives 233 57,680 —
Loss from extinguishment of Greenlight obligation — (16,641) —
Other income (expense) 2,859 110 (339)
Permanent impairment in the value of investment in debt securities — (5,805) —
Loss before income taxes (40,107) (18,533) (5,538)
Provision for income taxes (366) (167) —
Net loss (40,473) (18,700) (5,538)
Dividends and accretion on preferred stock (27,594) (58,520) (2,373)
Net loss available to common stockholders $ (68,067) $ (77,220) $ (7,911)
Net loss per common share—basic and diluted:
Net loss per share $ (.80) $ (2.09) $ (.63)
Weighted average number of common shares outstanding:
Basic and diluted 85,583,383 36,890,047 12,564,734
F-4
NEW WORLD RESTAURANT GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)
FOR THE YEARS ENDED DECEMBER 31, 2002, JANUARY 1, 2002 AND DECEMBER 31, 2000
(in thousands, except share and per share information)
Series C
Preferred Stock
Accumulated
Other
Comprehensive
Income
(Loss)
Common Stock
Additional
Paid In
Capital
Accumulated
Deficit
Total
Stockholders'
Equity
(Deficit)
Shares
Amount
Shares
Amount
Balance, December
26, 1999 (Restated) $ — $ — 11,313,508 $ 11 $ 34,707 $ (22,132) $ — $ 12,586
Net loss (5,538) (5,538)