Einstein Bros 2003 Annual Report Download - page 37

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http://www.sec.gov/Archives/edgar/data/949373/000104746904009609/a2132006z10-k.htm[9/11/2014 10:13:55 AM]
We have also audited Schedule II for each of the three years in the period ended December 30, 2003. In our opinion, this schedule, when
considered in relation to the basic financial statements taken as a whole, presents fairly, in all material respects, the information therein.
/s/ GRANT THORNTON LLP
Denver, Colorado
March 9, 2004
F-2
NEW WORLD RESTAURANT GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 30, 2003, AND DECEMBER 31, 2002
(in thousands, except share and per share information)
December 30,
2003
December 31,
2002
ASSETS
Current Assets:
Cash and cash equivalents $ 9,575 $ 9,935
Restricted cash, current 1,815 770
Franchise and other receivables, net 5,842 5,969
Inventories 4,831 5,005
Prepaid expenses and other current assets 2,650 3,180
Total current assets 24,713 24,859
Restricted cash long-term 3,036 —
Property, plant and equipment, net 67,800 81,254
Trademarks and other intangibles, net 85,431 98,134
Goodwill, net 4,875 4,875
Debt issuance costs and other assets 9,170 1,526
Total Assets $ 195,025 $ 210,648
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities:
Accounts payable $ 8,189 $ 7,650
Accrued expenses 37,871 30,988
Short-term debt and current portion of long-term debt 2,105 150,872
Current portion of obligations under capital leases 180 100
Total current liabilities 48,345 189,610
Senior notes and other long-term debt 161,120 11,011
Obligations under capital leases 29 360
Derivative liability — 2,847
Other liabilities 10,397 10,560
Mandatorily Redeemable, Series Z Preferred Stock, $.001 par value, $1,000 per share
liquidation value; 2,000,000 and 0 shares authorized; 57,000 and 0 shares issued and
outstanding 57,000 —