Here's some more info from CPU's quarterly report
(REUTERS) TABLE - CompUSA <CPU.N> Q1 sales rise, net drops
TABLE - CompUSA <CPU.N> Q1 sales rise, net drops
DALLAS, Nov 10 (Reuters) -
CompUSA INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)
Thirteen weeks ended
Sep 26, Sep 27,
1998 1997
Net sales $1,392,140 $1,191,812
Cost of sales and occupancy costs 1,195,786 1,016,213
Gross profit 196,354 175,599
Operating expenses 146,300 109,249
Pre-opening expenses 1,366 1,452
General and administrative expenses 32,637 25,615
Operating income 16,051 39,283
Other expense (income):
Interest expense 4,383 3,055
Other income, net (1,540) (1,918)
2,843 1,137
Income before income taxes 13,208 38,146
Income tax expense 5,068 14,687
Net income 8,140 23,459
Basic earnings per share 0.09 0.26
Diluted earnings per share 0.09 0.25
Weighted average common shares 91,243 91,659
Weighted average common shares,
assuming dilution 93,041 95,514
CompUSA INC.
CONSOLIDATED BALANCE SHEETS
(in thousands)
Sep 26, Jun 28,
1998 1998
(unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 151,129 $ 151,779
Accounts receivable, net 259,540 214,084
Merchandise inventories 776,992 520,762
Prepaid expenses and other 72,037 36,242
Total current assets 1,259,698 922,867
Property and equipment, net 229,279 210,528
Costs in excess of net assets of
acquired businesses 92,967 3,069
Other assets 18,596 24,046
Total Assets 1,600,540 1,160,510
LIABILITIES AND
STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable 755,687 534,620
Accrued liabilities 173,962 99,380
Total current liabilities 929,649 634,000
Long-term debt 247,729 111,872
Total stockholders' equity 423,162 414,638
Total liabilities and
stockholders' equity 1,600,540 1,160,510
((New York newsroom, 212 859-1700, fax 212 859-1717, or
nyc.equities.newsroom@reuters.com))
REUTERS
*** end of story ***
|
