Bridgford Foods Corp | Investor Service


(page 8)


 

Consolidated Statements of Income (in thousands, except per share amounts)
    Fiscal year ended
    October 31
2003

 
  November 1
2002

 
  November 2
2001

 
Cash flows from operating activities:            
Net income   $1,210   $1,138   $6,244
Adjustments to reconcile net income to net cash
           
  provided by operating activities:            
    Depreciation   4,313   4,208   4,033
    Provision for losses on accounts receivable   915   3,750   275
    Loss (gain) on sale of assets   48   (3)   (10)
                  
Changes in operating assets and liabilities:            
  Accounts receivable   (622)   (3,134)   (915)
  Inventories   (471)   1,603   (974)
  Prepaid expenses   28   620   (336)
  Income taxes, net   1,005   304   (1,831)
  Deferred income tax, net   1,970   (1,548)   327
  Other non-current assets   (1,075)   570   (813)
  Accounts payable   749   (1,766)   (648)
  Accrued payroll, advertising and other   269   (552)   (395)
  Current portion of non-current liabilities   (329)   1,466   (46)
  Non-current liabilities   (81)
  (2,844)
  (603)
    Net cash provided by operating activities   7,929
  3,812
  4,308
 
Cash used in investing activities:            
  Proceeds from sale of assets   26   3   60
  Additions to property, plant and equipment   (3,092)
  (3,767)
  (4,590)
    Net cash used in investing activities   (3,066)
  (3,764)
  (4,530)
 
Cash used in financing activities:            
  Shares repurchased   (1,307)   0   (2,151)
  Cash dividends paid   (1,665)
  (2,717)
  (2,954)
    Cash used in financing activities   (2,972)
  (2,717)
  (5,105)
             
Net increase (decrease) in cash and cash equivalents   1,891   (2,669)   (5,327)
Cash and cash equivalents at beginning of year   10,305
  12,974
  18,301
Cash and cash equivalents at end of year   $12,196
  $10,305
 

$12,974

Cash paid for income taxes   $3
  $1,789
 

$5,108

See accompanying notes to consolidated financial statements.

(page 9)

 


 
 2003 Annual Report: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13