Item 1. c.
BRIDGFORD FOODS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in thousands)
| |
|
12 weeks ended  |
|
| |
|
January 20, 2012 |
|
|
January 21, 2011 |
|
Cash flows from operating activities: |
|
|
|
|
|
|
| |
|
|
|
|
|
|
Net (loss) income |
|
$ |
(278 |
) |
|
$ |
1,166 |
|
| |
|
|
|
|
|
|
|
|
Income or charges not affecting cash and cash equivalents: |
|
|
|
|
|
|
|
|
Depreciation |
|
|
364 |
|
|
|
456 |
|
Losses (recoveries) on accounts receivable |
|
|
(89 |
) |
|
|
129 |
|
Gain on sale of property, plant and equipment |
|
|
(2 |
) |
|
|
(12 |
) |
| |
|
|
|
|
|
Accounts receivable |
|
|
687 |
|
|
|
(1,892 |
) |
Inventories |
|
|
1,148 |
|
|
|
314 |
|
Prepaid expenses and other current assets |
|
|
(665 |
) |
|
|
(667 |
) |
Other non-current assets |
|
|
(36 |
) |
|
|
(397 |
) |
Accounts payable |
|
|
450 |
|
|
|
64 |
|
Accrued payroll, advertising and other expenses and current portion of non-current liabilities |
|
|
(653 |
) |
|
|
(838 |
) |
Non-current liabilities |
|
|
(213 |
) |
|
|
(678 |
) |
| |
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
|
|
713 |
|
|
|
(2,355 |
) |
| |
|
|
|
|
|
|
|
|
Cash used in investing activities: |
|
|
|
|
|
|
|
|
Proceeds from sale of property, plant and equipment |
|
|
2 |
|
|
|
12 |
|
Additions to property, plant and equipment |
|
|
(263 |
) |
|
|
(478 |
) |
| |
|
|
|
|
|
|
|
|
Net cash used in investing activities |
|
|
(261 |
) |
|
|
(466 |
) |
| |
|
|
|
|
|
|
|
|
Cash used in financing activities: |
|
|
|
|
|
|
|
|
Shares repurchased |
|
|
(61 |
) |
|
|
(64 |
) |
Cash dividends paid |
|
|
- |
|
|
|
(932 |
) |
| |
|
|
|
|
|
|
|
|
Net cash used in financing activities |
|
|
(61 |
) |
|
|
(996 |
) |
| |
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents |
|
|
391 |
|
|
|
(3,817 |
) |
| |
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
|
|
9,324 |
|
|
|
15,686 |
|
| |
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
|
$ |
9,715  |
|
|
$ |
11,869 |
|
| |
|
|
|
|
|
|
|
|
Cash paid for income taxes |
|
$ |
- |
|
|
$ |
51 |
|
See accompanying notes to condensed consolidated financial statements.
|
