GMTN » Topics » Investing Activities

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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