Hi Paul
Here are a few links that will help
www3.techstocks.com
moneynet.com
moneynet.com
VALUEVISION INTERNATIONAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended For the Six Months Ended
July 31, July 31,
1997 1996 1997 1996
Net sales $ 48,500,023 $ 24,340,754 $ 99,561,819 $47,128,421
Cost of sales 28,576,368 14,612,379 56,943,226 28,011,710
Gross profit 19,923,655 9,728,375 42,618,593 19,116,711
Margin 41.1% 40.0% 42.8% 40.6%
Operating expenses:
Distribution and
selling 20,278,997 7,690,723 41,381,831 15,094,677
General and
administrative 2,445,438 1,460,663 5,360,137 2,769,169
Depreciation and
amortization 1,907,374 1,371,673 3,708,614 2,730,390
Total operating
expenses 24,631,809 10,523,059 50,450,582 20,594,236
Operating loss (4,708,154) (794,684) (7,831,989) (1,477,525)
Other income (expense):
Gain on sale of
broadcast stations38,850,000 -- 38,850,000 27,050,000
Equity (loss) in
earnings of affiliates39,421 (95,124) (330,575) (95,124)
Interest income 348,523 1,085,670 875,793 2,158,057
Other, net (18,918) 45,582 35,406 9,446
Total other income 39,219,026 1,036,128 39,430,624 29,122,379
Income before
provision for
income taxes 34,510,872 241,444 31,598,635 27,644,854
Provision for
income taxes 13,452,340 96,000 12,301,340 11,046,000
Net income $21,058,532 $145,444 $19,297,295 $16,598,854
Net income per common
and dilutive common
equivalent share $0.66 $0.00 $0.59 $0.55
Weighted average number of common shares
and common equivalent
shares outstanding 31,952,713 29,576,724 32,530,842 29,996,576
CONDENSED CONSOLIDATED BALANCE SHEETS
July 31, January 31, July 31,
1997 1997 1996
Cash and Short-Term
Investments $ 58,153,896 $ 52,858,783 $ 74,409,342
Inventories, net 28,885,513 28,109,081 10,326,167
Current Assets 112,802,930 99,355,352 97,725,173
Property, Equipment and
Other Assets 78,787,926 67,057,318 46,042,428
Total Assets 191,590,856 166,412,670 143,767,601
Current Liabilities 51,517,435 37,723,874 22,333,230
Long-Term Obligations 1,135,303 1,443,189 305,745
Shareholders' Equity 138,938,118 127,245,607 121,128,626
CABLE SUBSCRIBER INFORMATION (in millions)
Full-time Equivalent Cable
Subscribers 12.3 11.4 10.8
Total Cable Subscribers 18.5 16.4 13.5
Full-time Cable Subscribers 8.3 7.7 7.6 |
