Attached files
| file | filename |
|---|---|
| 8-K/A - 8-K/A - CHRISTOPHER & BANKS CORP | form8-ka32513.htm |
| EX-99.1 - EXHIBIT - CHRISTOPHER & BANKS CORP | ex9918-ka32513.htm |
EXHIBIT 99.2
CHRISTOPHER & BANKS CORPORATION
UNAUDITED COMPARATIVE STATEMENTS OF CASH FLOWS
(in thousands)
Fifty-Three | Forty-Eight | |||||||||
Weeks Ended | Weeks Ended | |||||||||
February 2, | January 28, | |||||||||
2013 | 2012 | |||||||||
Cash flows from operating activities: | ||||||||||
Net loss | $ | (16,076 | ) | $ | (71,062 | ) | ||||
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||||||||||
Depreciation and amortization | 18,595 | 20,202 | ||||||||
Impairment of store assets | 424 | 11,445 | ||||||||
Amortization of premium on investments | (444 | ) | 74 | |||||||
Amortization of financing costs | 35 | — | ||||||||
Deferred lease related liabilities(1) | (7,216 | ) | (6,599 | ) | ||||||
Stock-based compensation expense | 2,308 | 2,770 | ||||||||
Loss on disposal of assets | 52 | 106 | ||||||||
Gain on investments, net | (76 | ) | (122 | ) | ||||||
Changes in operating assets and liabilities: | ||||||||||
Decrease in accounts receivable | 19 | 318 | ||||||||
Increase in merchandise inventories | (3,249 | ) | (244 | ) | ||||||
Increase in prepaid expenses and other current assets | (3,535 | ) | (1,300 | ) | ||||||
Decrease in income taxes receivable | 783 | 5,113 | ||||||||
Decrease in other assets | 180 | 48 | ||||||||
Increase in accounts payable(1) | 2,952 | 2,497 | ||||||||
(Decrease) increase in accrued liabilities(1) | (3,871 | ) | 3,455 | |||||||
(Decrease) increase in lease termination liabilities | (8,032 | ) | 8,032 | |||||||
Decrease in other liabilities | (290 | ) | (613 | ) | ||||||
Net cash used in operating activities | (17,441 | ) | (25,880 | ) | ||||||
Cash flows from investing activities: | ||||||||||
Purchases of property, equipment and improvements | (3,623 | ) | (11,742 | ) | ||||||
Proceeds from sale of furniture, fixtures and equipment | 35 | 143 | ||||||||
Purchases of available-for-sale investments | — | (35,713 | ) | |||||||
Redemptions of available-for-sale investments | 21,403 | 76,827 | ||||||||
Net cash provided by investing activities | 17,815 | 29,515 | ||||||||
Cash flows from financing activities: | ||||||||||
Financing costs | (350 | ) | — | |||||||
Shares redeemed for payroll taxes | (67 | ) | (139 | ) | ||||||
Dividends paid | — | (6,426 | ) | |||||||
Net cash used in financing activities | (417 | ) | (6,565 | ) | ||||||
Net decrease in cash and cash equivalents | (43 | ) | (2,930 | ) | ||||||
Cash and cash equivalents at beginning of period | 40,782 | 43,712 | ||||||||
Cash and cash equivalents at end of period | $ | 40,739 | $ | 40,782 | ||||||
(1) | Certain prior year amounts have been reclassified to conform to the current year presentation. | |||||||||