Einstein Bros 2002 Annual Report Download - page 48

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http://www.sec.gov/Archives/edgar/data/949373/000104746903027186/a2116520z10-ka.htm[9/11/2014 10:14:22 AM]
Accounts receivable and notes receivable 4,033 (4,354) 63
Accounts payable and accrued expenses (12,488) 5,851 491
Other assets and liabilities (4,040) 2,017 (1,883)
Net cash provided by (used in) operating activities (6,670) 7,755 (829)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment (5,172) (3,757) (335)
Proceeds from the sale of assets held for resale 1,397 880 467
Net cash paid for acquisitions — (161,491) (3,076)
Deferred acquisition costs — — (701)
Investment in debt securities — (29,734) (17,412)
Proceeds from the sale of debt securities 36,711 3,885 3,184
Net cash provided by (used in) investing activities 32,936 (190,217) (17,873)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of stock, net — — 4,144
Proceeds from issuance of debt 6,000 171,700 —
Debt issuance costs — (7,965) —
Proceeds from issuance of Series D preferred stock, net of fees — — 14,462
Proceeds from issuance of Series F preferred stock, net of fees — 46,370 —
Proceeds from long-term borrowings — — 1,500
Repayment of notes payable (37,039) (14,436) (2,013)
Net cash provided by (used in) financing activities (31,039) 195,669 18,093
Net increase (decrease) in cash (4,773) 13,207 (609)
Cash and cash equivalents, beginning of period 15,478 2,271 2,880
Cash and cash equivalents, end of period $ 10,705 $ 15,478 $ 2,271
The accompanying notes are an integral part of these consolidated financial statements.
F-7
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest $ 24,874 $ 11,180 $ 1,965
Non-cash investing and financing activities:
Non-cash dividends and accretion on preferred stock $ 27,594 $ 58,520 $ 2,373
Temporary increase (decrease) in fair value of investment in debt securities $ — $ 4,742 $ (4,742)
Conversion of Series D preferred stock to Series F preferred stock $ — $ 16,398 $ —
DETAILS OF ACQUISITION:
Tangible assets acquired $ — $ 111,907 $ 4,326
Intangible assets acquired — 97,784 —
Notes receivable extinguished — — (1,250)
Estimated accruals and liabilities assumed — (46,354) —
Cash paid for acquisition — 163,337 3,076
Less cash acquired — 1,846 —
Net cash paid for acquisition $ $ 161,491 $ 3,076