Condensed statements of cash flows - пример
6 ноя 12:50
OVERHILL FARMS, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(UNAUDITED)
For the Three Months Ended
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December 31, January 1,
2006 2006
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Operating Activities:
Net income $ 1,555,759 $ 607,149
Adjustments to reconcile net income
to net cash provided by
operating activities:
Depreciation and amortization 535,666 422,629
Amortization of debt discount
and deferred financing costs 93,541 54,802
Loss on asset disposals 19,641 --
Provision for doubtful accounts -- 1,619
Deferred income taxes 380,362 255,115
(Gain) loss on sale of marketable securities (2,999) --
Changes in:
Accounts receivable 1,682,184 (734,956)
Inventories (994,825) (1,051,299)
Prepaid expenses and other assets 410,305 552
Accounts payable 350,861) 2,034,828
Accrued liabilities 547,128 (77,325)
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Net cash provided by operating activities 3,875,901 1,513,114
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Investing Activities:
Additions to property and equipment (724,240) (370,893)
Proceeds from sale of property and equipment 10,238 --
Sale of marketable securities 38,530 --
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Net cash used in investing activities (675,472) (370,893)
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Financing Activities:
Borrowings under equipment loans $ 216,617 $ --
Principal payments on debt (2,500,000) (614,940)
Principal payments on equipment loans (16,468) --
Principal payments on capital lease obligation (83,765) --
Exercise of stock options, including tax benefit -- 127,307
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Net cash used in financing activities (2,383,616) (487,633)
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Net increase in cash 816,813 654,588
Cash at beginning of period 2,111,251 2,654,563
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Cash at end of period $ 2,928,064 $ 3,309,151
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Supplemental Schedule of Cash Flow Information:
Cash paid during the period for:
Interest $ 1,027,815 $ 1,438,369
Income taxes $ -- $ 163,000