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HBI » Topics » Interest Expense and Interest Income

This excerpt taken from the HBI 8-K filed Nov 29, 2006.
Interest Expense and Interest Income
 
                                 
                Dollar
 		    Percent
 		 
    Fiscal 2004     Fiscal 2005     Change     Change  
    (dollars in thousands)        
 
Interest expense
  $ 37,411     $ 35,244     $ (2,167 )     (5.8 )%
Interest income
    (12,998 )     (21,280 )     (8,282 )     (63.7 )
                                 
Interest expense, net
  $ 24,413     $ 13,964     $ (10,449 )     (42.8 )
                                 
 
Interest expense decreased year over year as a result of lower average balances on borrowings from Sara Lee. Interest income increased significantly as a result of higher average cash balances. As a result of the spin off on September 5, 2006, our net interest expense will increase substantially as a result of our increased indebtedness.
 
This excerpt taken from the HBI 10-K filed Sep 28, 2006.
Interest Expense and Interest Income
 
                                 
                Dollar
 		    Percent
 		 
    Fiscal 2004     Fiscal 2005     Change     Change  
    (dollars in thousands)        
 
Interest expense
  $ 37,411     $ 35,244     $ (2,167 )     (5.8 )%
Interest income
    (12,998 )     (21,280 )     (8,282 )     (63.7 )
                                 
Net interest expense
  $ 24,413     $ 13,964     $ (10,449 )     (42.8 )
                                 
 
Interest expense decreased year over year as a result of lower average balances on borrowings from Sara Lee. Interest income increased significantly as a result of higher average cash balances. As a result of the spin off on September 5, 2006, our net interest expense will increase substantially as a result of our increased indebtedness.
 
This excerpt taken from the HBI 8-K filed Sep 5, 2006.

Interest Expense and Interest Income

 

     Fiscal 2003     Fiscal 2004     Dollar
Change		     Percent
Change		  
     (dollars in thousands)        

Interest expense

    $ 44,245     $ 37,411     $ (6,834 )   (15.4 )%

Interest income

      (46,631 )     (12,998 )     33,633     72.1  
                          

Net interest expense (income)

    $ (2,386 )   $ 24,413     $ 26,799     NM  
                          

Interest expense declined year over year as a result of lower average borrowings from Sara Lee. Interest income was reduced as a result of lower average loans made to Sara Lee. After the spin off, our net interest expense will increase substantially as a result of our increased indebtedness.

 

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EXCERPTS ON THIS PAGE:

8-K
Nov 29, 2006
10-K
Sep 28, 2006
8-K
Sep 5, 2006

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