Jamba Juice 2007 Annual Report Download - page 58
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Table of Contents
Cash provided by (used in) operating activities:
Net income (loss) $(59,026) $297 $3,296
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating
activities:
Depreciation and amortization 1,878 — —
Loss on store closures and disposals 587 — —
Stock-based compensation 426 — —
Jambacard breakage income (305) — —
Deferred rent and other 333 — —
Deferred income taxes (2,837) (42) —
(Gain) loss on derivative liabilities 57,383 (173) (2,125)
Changes in operating assets and liabilities:
Receivables, net (1,890) — —
Inventories 406 — —
Prepaid expenses and other current assets 2,864 3 (57)
Other long-term assets (2,851) — —
Accounts payable (520) — 1
Accrued compensation and benefits 481 — —
Accrued store value cards 5,187 — —
Litigation settlement payable 83 — —
Accrued expenses and other liabilities (2,909) 3 84
Deferred franchise revenue 5 — —
Income taxes payable — 4 85
Cash provided by operating activities (705) 92 1,284
Cash provided by (used in) investing activities:
Capital expenditures (4,772) — —
Cash paid in acquisitions, net of cash acquired (245,350) — —
Cash in trust 128,266 — —
Cash contribution (20) (92) (128,174)
Cash used in investing activities (121,876) (92) (128,174)
Cash provided by (used in) financing activities:
Payments on debt facility (15,875) — —
Cash from private placement and exercise of warrants 224,858 — —
Proceeds from notes payable, stockholders — — 160
Payment of notes payable, stockholders — — (160)
Proceeds from sale of stock — — 29
Gross proceeds of public offering — — 120,000
Payments of costs of public offering — — (9,082)
Gross proceeds of over-allotment option offering — — 18,000
Payments of costs of over-allotment option offering — — (1,080)
Cash provided by financing activities 208,983 — 127,867
Net increase in cash and equivalents 86,402 — 977
Cash and equivalents at beginning of period 977 977 —
Cash and equivalents at end of period $87,379 $977 $977
Noncash financing transactions:
Reclassification of deferred tax asset to prepaid income tax $4,533 $ — $ —
Fair value of options and warrants assumed in connection with the Merger $4,269 $ — $ —
See Notes to Consolidated Financial Statements.
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