FINL Financials:
The Finish Line, Inc.
Statements of Income
(In thousands, except per share and store data)
Thirteen Thirteen
weeks ended weeks ended
May 29, May 30,
1999 1998
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Net sales $ 132,296 $ 116,602
Cost of sales (including occupancy expenses) 95,170 81,379
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Gross profit 37,126 35,223
Selling, general, and administrative expenses 31,705 26,472
Interest (income) (281) (490)
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Income before income taxes 5,702 9,241
Income taxes 1,996 3,512
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Net income $ 3,706 $ 5,729
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Diluted weighted average shares outstanding 25,198 26,505
Diluted earnings per share $ 0.15 $ 0.22
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Number of stores open at end of period 371 316
Condensed Balance Sheet
(In thousands)
May 29, Feb. 27,
ASSETS 1999 1999
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Cash and cash equivalents $ 14,537 $ 23,113
Short term marketable securities 1,651 2,155
Merchandise inventories 150,428 135,303
Other current assets 14,544 10,624
Property and equipment, net 91,000 90,434
Long term marketable securities 15,656 15,656
Other assets 1,604 1,270
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Total assets $289,420 $278,555
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Current liabilities 70,520 64,534
Long-term liabilities 5,667 5,342
Stockholders' equity 213,233 208,679
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Total liabilities and stockholders' equity $289,420 $278,555
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