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This excerpt taken from the GMTN 10-Q filed Dec 16, 2008. Investing
Activities.
Net cash used in investing activities for the first nine months of
fiscal 2008 decreased by $31.3 million to $16.3 million, as compared to $47.6
million for the first nine months of fiscal 2007.
We used cash primarily for equipment to open new stores, for information technology software and equipment at our corporate offices and to upgrade existing stores. The decrease in net cash used of $31.3 million was primarily due to $24.4 million in less cash used for purchases of property and equipment – we opened only five new stores during the first nine months of fiscal 2008 as compared to the opening of 13 new stores during the comparable period of fiscal 2007. There is also a reduced use of cash in the first nine months of fiscal 2008 of $6.9 million due to cash used during the comparable period of fiscal 2007 for the acquisition of a competing retail business.
New capitalized lease obligations for the acquisition of equipment for the first nine months of fiscal 2008 were $4.1 million as compared to $2.6 million for the comparable period of fiscal 2007. These amounts are excluded from purchases of property and equipment in the statements of cash flows.
This excerpt taken from the GMTN 10-Q filed Sep 16, 2008. Investing Activities. Net cash used in investing activities for the
first half of fiscal 2008 decreased by $5.0 million to $12.4 million, as
compared to $17.5 million for the first half of fiscal 2007.
We used cash primarily for equipment to open new stores, for information technology software and equipment at our corporate offices and to upgrade existing stores. The decrease in net cash used of $5.0 million was primarily due to a reduction in upgrades to existing stores, capitalized lease obligations and a $0.8 million increase in non-cash accruals in the first half of fiscal 2008 for property and equipment placed in service that did not yet require the use of cash. During the first halves of fiscal 2008 and fiscal 2007, we acquired equipment totaling approximately $2.9 million and $1.6 million, respectively, that was financed through capital leases. These amounts are excluded from purchases of property and equipment in the statements of cash flows.
This excerpt taken from the GMTN 10-Q filed Jun 17, 2008. Investing Activities. Net cash used in investing activities for the
first quarter of fiscal 2008 decreased by $2.2 million to $6.6 million, as
compared to $8.9 million for the first quarter of fiscal 2007.
We used cash primarily for equipment to open new stores, for information technology equipment at our corporate offices and to upgrade existing stores. The decrease in net cash used of $2.2 million was primarily due to timing of expenditures and $1.7 million in non-cash accruals in the first quarter of fiscal 2008 for property and equipment placed in service that did not yet require the use of cash. Additionally, during the first quarters of fiscal 2008 and fiscal 2007, we acquired equipment totaling approximately $1.5 million and $1.3 million, respectively, that was financed through capital leases. These amounts are excluded from purchases of property and equipment in the statements of cash flows.
This excerpt taken from the GMTN 10-Q filed Dec 18, 2007. Investing Activities. Net cash used in investing activities was
$47.6 million in the first nine months of fiscal 2007 and $23.8 million in
the first nine months of fiscal 2006. We used cash primarily for equipment to
open new stores, for information technology equipment at our corporate offices
and to upgrade existing stores. The increase in net cash used of $23.8 million
was due to more new stores opened in the first nine months of fiscal 2007 than
the comparable period in fiscal 2006, the acquisition of a business for $7.1
million in the third quarter of fiscal 2007, and $5.2 million in proceeds from
an insurance settlement and $2.1 million in proceeds from the sale of assets,
both in fiscal 2006, which we did not experience in fiscal 2007. During the
first nine months of fiscal 2007 and fiscal
2006, we acquired equipment totaling approximately $2.6 million and $1.2
million, respectively, that was financed through capital leases. These amounts
are excluded from purchases of property and equipment in the statements of cash
flows.
This excerpt taken from the GMTN 10-Q filed Sep 18, 2007. Investing Activities. Net
cash used in investing activities was $17.5 million in the first half of
fiscal 2007 and $15.1 million in the first half of fiscal 2006. We used
cash primarily for equipment to open new stores, for information technology
equipment at our corporate offices and to upgrade existing stores. The increase
in net cash used of $2.3 million was primarily due to proceeds from the
sale of assets in fiscal 2006, which we did not experience in fiscal 2007.
During the 26 weeks ended August 4, 2007 and July 29, 2006, we
acquired equipment totaling approximately $1.6 million and $0,
respectively, that was financed through capital leases. Purchases of property
and equipment in the statement of cash flows for the 26 weeks ended August 4,
2007 also excludes approximately $1.2 million in non-cash accruals for
property and equipment placed in service that did not yet require the use of cash.
This excerpt taken from the GMTN 10-Q filed Jun 14, 2007. Investing Activities. Net cash used in investing activities was
$8.9 million in the first quarter of fiscal 2007 and $3.7 million in the first
quarter of fiscal 2006. We used cash primarily for equipment to open new
stores, for information technology equipment at our corporate offices and to
upgrade existing stores. The increase in net cash used of $5.2 million was
primarily due to the timing of expenditures as we opened three additional
stores within 30 days after May 5, 2007. In addition, we purchased $1.3 million
of non-cash equipment expenditures financed through capital lease transactions
during the first quarter of fiscal 2007.
This excerpt taken from the GMTN 10-Q filed Dec 7, 2006. Investing Activities. Net cash used in investing activities was
$23.8 million in the nine months of fiscal 2006 and $47.8 million in the nine
months of fiscal 2005. We used cash primarily for tenant improvements and
equipment to open new stores and to remodel and upgrade existing stores. The
year over year decrease in net cash used of $24.0 million was primarily due to
the opening of eight new stores in the nine months of fiscal 2006 as compared
to the opening of nineteen new stores in the nine months of fiscal 2005. We
also expended $5.6 million to replace our corporate aircraft in June 2006 and
received proceeds of $2.1 million from the sale of the replaced aircraft.
Proceeds of $5.2 million from our insurance settlement also reduced our net cash
used in investing activities in the nine months of fiscal 2006. In addition we
purchased $1.2 million of non-cash equipment expenditures which were financed
through capital lease transactions during the nine months of fiscal 2006.
Purchases of property and equipment in the nine months of fiscal 2005 also included expenditures for equipment for our distribution center, information technology equipment and office furniture and equipment at our new corporate headquarters. This excerpt taken from the GMTN 10-Q filed Sep 7, 2006. Investing Activities. Net cash used in investing activities was
$15.1 million in the first half of fiscal 2006 and $32.8 million in the first
half of fiscal 2005, consisting of purchases of property and equipment. We used
cash primarily for tenant improvements and equipment to open new stores and to
remodel and upgrade existing stores. There were three new stores opened in the
first half of fiscal 2006 and ten new stores opened in the first half of fiscal
2005. We also expended $5.6 million to replace our corporate aircraft in June
2006 and received proceeds of $2.1 million from the sale of the replaced
aircraft. Purchases of property and equipment in the first half of fiscal 2005
also included expenditures for equipment for our distribution center,
information technology equipment and office furniture and equipment at our new
corporate headquarters.
This excerpt taken from the GMTN 10-Q filed Jun 8, 2006. Investing Activities. Net cash used in investing activities was
$3.7 million in the first quarter of fiscal 2006 and $13.7 million in the first
quarter of fiscal 2005, consisting of purchases of property and equipment. We
used cash primarily for tenant improvements and equipment to open new stores
and to remodel and upgrade existing stores. There were two new stores opened in
the first quarter of fiscal 2006 and six new stores opened in the first quarter
of fiscal 2005. Purchases of property and equipment in the first quarter of
fiscal 2005 also included expenditures for an upgrade to our distribution
center, information technology equipment and office furniture and equipment at
our new corporate headquarters.
This excerpt taken from the GMTN 10-Q filed Dec 9, 2005. Investing Activities. Net cash used in investing
activities was $47.8 million in the nine months of fiscal 2005 and $38.4
million in the nine months of fiscal 2004, consisting of purchases of property
and equipment. Additionally, there was $2.4 million in non-cash capitalized
lease obligations recorded in the nine months of fiscal 2004, along with the
corresponding leasehold improvement and equipment assets. We used cash
primarily for tenant improvements and equipment to open new stores and to
remodel and upgrade existing stores. There were nineteen new stores opened in
the nine months of both fiscal 2005 and fiscal 2004. Purchases of property and equipment in the
first half of fiscal 2005 also included an upgrade to our distribution center,
information technology equipment and office furniture and equipment at our
corporate headquarters.
This excerpt taken from the GMTN 10-Q filed Sep 12, 2005. Investing Activities. Net cash used in investing activities was
$32.8 million in the first half of fiscal 2005 and $17.7 million in the first
half of fiscal 2004, consisting of purchases of property and equipment.
Additionally, there was $1.4 million in non-cash capitalized lease obligations
recorded in the first half of fiscal 2004, along with the corresponding
leasehold improvement and equipment assets. We used cash primarily for tenant
improvements and equipment to open new stores and to remodel and upgrade
existing stores. There were ten new stores opened in the first half of fiscal
2005 and five new stores opened in the first half of fiscal 2004. Purchases of
property and equipment in the first half of fiscal 2005 also included an
upgrade to our distribution center, information technology equipment and office
furniture and equipment at our corporate headquarters.
This excerpt taken from the GMTN 10-Q filed Jun 13, 2005. Investing
Activities. Net cash
used in investing activities was $13.7 million in the first quarter of fiscal
2005 and $9.8 million in the first quarter of fiscal 2004, consisting of
purchases of property and equipment. We used cash primarily for tenant
improvements and equipment to open new stores and to remodel and upgrade
existing stores. There were six new stores opened in the first quarter of
fiscal 2005 and two new stores opened in the first quarter of fiscal 2004.
Purchases of property and equipment in the first quarter of fiscal 2005 also
included information technology equipment at our corporate headquarters and an
upgrade to our distribution center.
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