Green Mountain Coffee Roasters (GMCR)

September 30,
 2006     

September 24,      2005     

          Assets

Current assets:

   Cash and cash equivalents

$1,066  

$6,247  

   Restricted cash and cash equivalents

208  

203  

   Receivables, less allowances of $1,021 and $544 at September 30, 2006,   and September 24, 2005, respectively

30,071 

16,548 

   Inventories

31,796 

14,072 

   Other current assets

2,816 

1,274 

   Income tax receivable

618 

-  

   Deferred income taxes, net

    1,384 

     1,346 

 Total current assets

67,959 

39,690 

Fixed assets, net

49,800 

39,507 

Investment in Keurig, Inc.

- 

9,765 

Intangibles

39,019 

-  

Goodwill

75,305 

1,446 

Other long-term assets

      2,912 

      739 

$234,995 

$91,147 

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          Liabilities and Stockholders' Equity

Current liabilities:

   Current portion of long-term debt

$ 97 

$3,530 

   Accounts payable

24,113 

11,228 

   Accrued compensation costs

5,606 

1,929 

   Accrued expenses

9,108 

5,054 

   Other short-term liabilities

     874 

     60 

   Income tax payable

          -  

       717 

 Total current liabilities

39,798 

22,518 

Long-term revolving line of credit

102,800 

         -  

Long-term debt

         71 

  5,218 

Deferred income taxes

  17,386 

  3,019 

Commitments and contingencies

Stockholders' equity:

Common stock, $0.10 par value: Authorized - 20,000,000 shares; Issued - 8,786,505 and 8,638,281 shares at September 30, 2006 and September 24, 2005, respectively

879 

864 

Additional paid-in capital

36,070 

29,651 

Retained earnings

46,138 

37,695 

Accumulated other comprehensive (loss)

(548)

(72)

ESOP unallocated shares, at cost - 15,205 shares

(263)

(410)

Treasury shares, at cost - 1,157,554 shares

 (7,336)

 (7,336)

Total stockholders' equity

 74,940 

 60,392 

$234,995 

$91,147 

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January 14,      2006     

September 24,      2005     

Unaudited

          Assets

Current assets:

   Cash and cash equivalents

$8,476  

$6,450  

Receivables, less allowances of $685 and $544 at January 14, 2006, and September 24, 2005, respectively

16,694 

15,286 

   Inventories

14,032 

14,039 

   Other current assets

2,347 

1,274 

   Deferred income taxes, net

    1,318 

     1,346 

 Total current assets

42,867 

38,395 

Fixed assets, net

42,144 

39,507 

Investment in Keurig, Inc.

9,769 

9,765 

Goodwill and other intangibles

1,446 

1,446 

Other long-term assets

      724 

      739 

$96,950 

$89,852 

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=======

          Liabilities and Stockholders' Equity

Current liabilities:

   Current portion of long-term debt

$ 3,521 

$3,530 

   Accounts payable

11,978 

10,440 

   Accrued compensation costs

3,717 

1,929 

   Accrued expenses

5,176 

4,547 

   Other short-term liabilities

     - 

     60 

   Income tax payable

   1,106 

       717 

 Total current liabilities

25,498 

21,223 

Long-term debt

 3,490 

5,218 

Deferred income taxes

 3,524 

  3,019 

Commitments and contingencies

Stockholders' equity:

Common stock, $0.10 par value: Authorized - 20,000,000 shares; Issued - 8,653,722 and 8,638,281 shares at January 14, 2006 and September 24, 2005, respectively

866 

864 

Additional paid-in capital

30,481 

29,651 

Retained earnings

40,675 

37,695 

Accumulated other comprehensive (loss)

162 

(72)

ESOP unallocated shares, at cost - 15,205 shares

(410)

(410)

Treasury shares, at cost - 1,157,554 shares

 (7,336)

 (7,336)

Total stockholders' equity

 64,438 

 60,392 

$96,950 

$89,852 

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