WCEC
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WEST COAST ENTERTAINMENT CORPORATION
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT PAR VALUE)
JANUARY 31,
-----------
1998 1999
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ASSETS (NOTE 7)
Current assets:
Cash ................................................................................ $ 2,604 $ 2,424
Accounts receivable and other receivables (net of allowance for doubtful
accounts of $123 and $ 67 at January 31, 1998 and 1999, respectively) ............. 1,629 1,512
Merchandise inventory ............................................................... 8,216 8,404
Income taxes receivable ............................................................. 441 --
Deferred tax asset (Note 8) ......................................................... 820 --
Market development funds and co-op receivable ....................................... 2,124 1,242
Receivables from officers (Note 9) .................................................. 341 373
Prepaid expenses and other current assets ........................................... 652 472
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Total current assets ............................................................... 16,827 14,427
Videocassette rental inventory, (net of accumulated amortization of $37,252 and
$67,610 at January 31, 1998 and 1999, respectively) (Note 3) ........................ 32,005 20,375
Furnishings, equipment and leasehold improvements, net (Note 4) ....................... 18,953 17,892
Intangible assets (net of accumulated amortization of $10,003 and $ 16,497 at
January 31, 1998 and 1999, respectively) ............................................ 117,047 110,530
Other assets (Note 5) ................................................................. 2,404 2,456
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Total assets ..................................................................... $ 187,236 $ 165,680
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt (Note 7) .......................................... $ 8 $ 8,081
Accounts payable .................................................................... 11,719 14,659
Accrued expenses (Note 6) ........................................................... 4,926 7,783
Income taxes payable ................................................................ -- 655
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Total current liabilities ........................................................ 16,653 31,178
Long-term debt (Note 7) ............................................................... 65,006 58,187
Deferred tax liability (Note 8) ....................................................... 1,741 --
Other Liabilities ..................................................................... 155 59
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Total Liabilities ..................................................................... 83,555 89,424
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Commitments and contingencies (Notes 14 and 15) ....................................... -- --
Stockholders' equity:
Common stock ($0.01 par value; 13,843 shares as of January 31, 1998, of which
13,706 shares were outstanding and 137 shares were to be issued and 14,185 shares
as of January 31, 1999 of which 14,073 shares were outstanding and 20
shares were to be issued (Note 11) ............................................... 138 142
Preferred stock ($0.01 par value, 2,000 shares authorized, no shares
issued) (Note 13) ................................................................ -- --
Additional paid-in capital ......................................................... 104,063 104,093
Accumulated (deficit) .............................................................. (520) (27,737)
Treasury stock (92 shares of common stock, at cost) ................................ -- (242)
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Total stockholders' equity ....................................................... 103,681 76,256
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Total liabilities and stockholders' equity ....................................... $ 187,236 $ 165,680
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More Financials:
Jan 1999 Qrtrly Rpt - Balance Sheet | Income Statement | Cash Flow
Sep 1998 Qrtrly Rpt - Balance Sheet | Income Statement | Cash Flow
Jun 1998 Qrtrly Rpt - Balance Sheet | Income Statement | Cash Flow
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