Papa Johns 2002 Annual Report Download - page 28

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27
The following are summarized financial statements of BIBP:
Summarized Statements of Operations (in thousands):
2002 2001 2000
Sales to PJFS 147,685$ 154,058$ 136,584$
Cost of sales (128,718) (163,824) (129,031)
Administrative expense (118) (102) (77)
Investment income (expense) 35 (160) 310
Income (loss) before income taxes 18,884 (10,028) 7,786
Income tax (expense) benefit (7,270) 3,861 (2,998)
Net income 11,614$ (6,167)$ 4,788$
Summarized B alance She e ts (in thous ands):
2002 2001
Cash and cash equivalents 16,442$ 1,356$
Other current assets 4,454 7,787
Total assets 20,896$ 9,143$
Current liabilities 10,239$ 10,055$
Stockholders' equity (deficit) 10,657 (912)
Total liabilities and stockholders' equity (deficit) 20,896$ 9,143$
We are currently reviewing Interpretation No. 46 and the organizational structure of BIBP to determine
the impact, if any, on our consolidated financial statements.