Bridgford Foods Corp | Investor Service

1999 Annual Report

(page 8)


 

Consolidated Statements of Income (in thousands, except per share amounts)
    Fiscal year ended
    November 1
2002

 
  November 2
2001
 
  November 3
2000
Cash flows from operating activities:            
Net income   $1,138   $6,244   $8,766
Adjustments to reconcile net income to net cash
           
  provided by operating activities:            
    Depreciation   4,208   4,033   3,772
    Provision for losses on accounts receivable   3,750   275   325
    Gain on sale of assets   (3)   (10)   (609)
                  
Changes in operating assets and liabilities:            
  Accounts receivable   (3,134)   (915)   (277)
  Inventories   1,603   (974)   (2,042)
  Prepaid expenses   620   (336)   (259)
  Income taxes, net   304   (1,831)   (747)
  Deferred income tax, net   (1,548)   327   495
  Other non-current assets   570   (813)   (973)
  Accounts payable   (1,766)   (648)   1,876
  Accrued payroll, advertising and other   (552)   (395)   (51)
  Current portion of non-current liabilities   1,466   (46)   76
  Non-current liabilities   (2,844)
  (603)
  (2,004)
    Net cash provided by operating activities   3,812
  4,308
  8,348
 
Cash used in investing activities:            
  Proceeds from sale of assets   (3)   60   761
  Additions to property, plant and equipment   (3,767)
  (4,590)
  (5,124)
    Net cash used in investing activities   (3,764)
  (4,530)
  (4,363)
 
Cash used in financing activities:            
  Shares repurchased       (2,151)   (7,643) 
  Cash dividends paid   (2,717)
  (2,954)
  (3,062)
    Cash used in financing activities   (2,717)
  (5,105)
  (10,705)
             
Net (decrease) increase in cash and cash equivalents   (2,669)   (5,327)   (6,720)
Cash and cash equivalents at beginning of year   12,974
  18,301
  25,021
Cash and cash equivalents at end of year   $10,305
 

$12,974

  $18,301
Cash paid for income taxes   $1,789
 

$5,108

  $5,878

See accompanying notes to consolidated financial statements.

(page 9)

 


 
 2002 Annual Report: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13