Einstein Bros 2002 Annual Report Download - page 47

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http://www.sec.gov/Archives/edgar/data/949373/000104746903027186/a2116520z10-ka.htm[9/11/2014 10:14:22 AM]
Balance, January 1,
2002 (Restated) — $ — 17,481,394 $ 17 $ 80,203 $ (107,263) $ — $ (27,043)
Net loss (40,473) (40,473)
Comprehensive loss (40,473)
Issuance of common
stock 33,535,463 34 83 117
Issuance of warrants in
connection with Series
F preferred stock—
reclassification from
derivative liability 5,524 5,524
Issuance of warrants in
connection with Senior
Notes—reclassification
from derivative
liability 797 797
Dividends and
accretion on preferred
stock (27,594) (27,594)
Balance, December
31, 2002 — $ — 51,016,857 $ 51 $ 86,607 $ (175,330) $ — $ (88,672)
The accompanying notes are an integral part of these consolidated financial statements.
F-6
NEW WORLD RESTAURANT GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2002, JANUARY 1, 2002 AND DECEMBER 31, 2000
(in thousands)
As Restated
December 31,
2002
January 1,
2002
December 31,
2000
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss $ (40,473) $ (18,700) $ (5,538)
Adjustments to reconcile loss to net cash provided by (used in)
operating activities:
Depreciation and amortization 30,626 15,207 2,254
Provision for integration and reorganization 4,194 4,432 —
Permanent impairment in value of investment in debt securities — 5,805 —
Cumulative change in fair value of derivatives (233) (57,680) —
Loss from extinguishment of Greenlight obligation — 16,641 —
Amortization of debt issuance costs 1,723 5,014 —
Amortization of debt discount 8,882 25,300 —
Notes issued as paid in kind for interest on Bridge Loan 3,526 2,627 —
Stock issued for compensation and consulting 117 2,636 2,694
Gain on sale of fixed assets — (59) (325)
Gain on sale of debt securities (2,537) (241) 339
Impairment charge in connection with the realization of assets — 3,259 1,076
Changes in operating assets and liabilities: