Jamba Juice 2009 Annual Report Download - page 73
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Table of Contents
Cash provided by (used in) operating activities:
Net loss $(149,163) $(113,296) $(59,026)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization 24,717 19,168 1,878
Trademark and goodwill impairment 84,061 200,624 —
Impairment of long-lived assets 27,802 — —
Lease termination, store closure costs and disposals 11,734 3,488 587
Jambacard breakage income and amortization, net 1,687 629 (305)
Share-based compensation 4,213 4,214 426
Bad debt and inventory reserves 579 37 26
Deferred rent 4,261 7,163 333
Deferred income taxes (323) (52,223) (2,837)
Equity (income) loss from joint ventures 416 204 (19)
(Gain) loss on derivative liabilities (7,895) (59,424) 57,383
Other 395 — —
Changes in operating assets and liabilities:
Receivables, net 1,083 (3,019) (1,916)
Inventories (207) (924) 406
Prepaid rent 3,076 (1,381) —
Prepaid taxes 144 (3,317) —
Prepaid expenses and other current assets 452 20 2,864
Other long-term assets 200 (152) (2,832)
Accounts payable (322) (16) (520)
Accrued compensation and benefits 1,177 617 481
Workers’ compensation and health insurance reserves (165) — —
Accrued jambacard liability 501 8,235 5,187
Litigation settlement payable — (614) 83
Accrued expenses and other liabilities (2,026) 2,789 (2,909)
Other long-term liabilities 1,767 (124) 5
Cash provided by (used in) operating activities 8,164 12,698 (705)
Cash used in investing activities:
Capital expenditures (30,173) (52,269) (4,772)
Cash paid in acquisitions, net of cash acquired — (24,105) (245,350)
Increase in restricted cash and investments (2,852) (4,866) —
Cash in trust — — 128,266
Investment in joint ventures (25) (53) (20)
Cash used in investing activities (33,050) (81,293) (121,876)
Cash provided by financing activities:
Borrowings on debt facilities 23,022 — —
Payments on debt facility (1,088) — (15,875)
Payment of debt issuance costs (1,326) — —
Proceeds from common stock 1,863 — —
Net put/call obligation 703 — —
Payment on capital lease obligations (482) — —
Cash from private placement and exercise of warrants — 4,018 224,858
Proceeds from exercise of stock options — 214 —
Cash provided by financing activities 22,692 4,232 208,983
Net (decrease) increase in cash and equivalents (2,194) (64,363) 86,402
Cash and equivalents at beginning of period 23,016 87,379 977
Cash and equivalents at end of period $20,822 $23,016 $87,379
Supplemental cash flow information:
Cash paid for interest $1,803 $186 $—
Income taxes paid 69 2,344 104
Noncash investing and financing activities:
Property, fixtures and equipment acquired through use of deposit $— $2,706 $—
Noncash property, fixtures and equipment additions $1,534 $8,965 $2,959
Fair value of options and warrants assumed in connection with the Merger $— $— $4,269
See Notes to Consolidated Financial Statements.
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