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This excerpt taken from the ROST 10-Q filed Jun 10, 2009. Operating Activities Net cash provided by operating activities was $240.7 million for the three month period ended May 2, 2009 compared to $160.8 million for the three month period ended May 3, 2008. The primary source of cash provided by operating activities for the three month periods ended May 2, 2009 and May 3, 2008 was accounts payable and net earnings plus non-cash expenses for depreciation and amortization. The increase in cash flow from operating activities for the three month period ended May 2, 2009 primarily resulted from an increase in accounts payable leverage as a result of faster inventory turns. Accounts payable leverage (defined as accounts payable divided by merchandise inventory) was 61% as of January 31, 2009 and increased to 74% as of May 2, 2009. Accounts payable leverage was 64% as of May 3, 2008. Working capital (defined as current assets less current liabilities) was $418.4 million as of May 2, 2009, compared to $418.7 million as of May 3, 2008. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of our merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. These excerpts taken from the ROST 10-K filed Mar 31, 2009. Operating Activities Net cash provided by operating activities was $583.4 million, $353.6 million and $506.9 million in fiscal 2008, 2007 and 2006, respectively. The primary source of cash provided by operating activities in fiscal 2008, 2007 and 2006 was net earnings plus non-cash expenses for depreciation and amortization. Working capital (defined as current assets less current liabilities) was $358.5 million at the end of fiscal 2008, compared to $387.4 million at the end of fiscal 2007. The decrease in working capital in fiscal 2008 compared to fiscal 2007 is primarily due to lower average in-store inventories. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of our merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. Operating Activities Net cash provided by operating Working capital (defined as Our primary source of liquidity is This excerpt taken from the ROST 10-Q filed Dec 10, 2008. Operating Activities Net cash provided by operating activities was $368.8 million for the nine months ended November 1, 2008 compared to $132.4 million for the nine months ended November 3, 2007. The primary sources of cash from operations for the nine months ended November 1, 2008 and November 3, 2007 were net earnings plus non-cash depreciation and amortization charges, and stock-based compensation expense. The increase in cash flow from operating activities for the nine months ended November 1, 2008 primarily resulted from an increase in accounts payable leverage as a result of faster inventory turns. Accounts payable leverage (defined as accounts payable divided by merchandise inventory) was 62% as of February 2, 2008 and increased to 63% as of November 1, 2008. Working capital (defined as current assets less current liabilities) was $357.9 million as of November 1, 2008, compared to $401.4 million as of November 3, 2007. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of our merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. 16 This excerpt taken from the ROST 10-Q filed Sep 10, 2008. Operating Activities Net cash provided by operating activities was $306.6 million for the six months ended August 2, 2008 compared to $7.6 million for the six months ended August 4, 2007. The primary sources of cash from operations for the six months ended August 2, 2008 and August 4, 2007 were net earnings plus non-cash depreciation and amortization charges, and stock-based compensation expense. The increase in cash flow from operating activities for the six months ended August 2, 2008 primarily resulted from an increase in accounts payable mainly due to the timing of payments and receipts and faster inventory turns. Accounts payable leverage (defined as accounts payable divided by merchandise inventory) was 62% as of February 2, 2008 and increased to 67% as of August 2, 2008. The decrease in cash flows from operations for the six months ended August 4, 2007 was primarily due to a decline in accounts payable from the higher than normal level at February 3, 2007, which was mainly due to the timing of payments and receipts associated with the 53rd week in fiscal 2006. Working capital (defined as current assets less current liabilities) was $394.6 million as of August 2, 2008, compared to $447.1 million as of August 4, 2007. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of our merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. This excerpt taken from the ROST 10-Q filed Jun 11, 2008. Operating Activities Net cash provided by operating activities was $160.8 million for the three months ended May 3, 2008 compared to cash used in operations of $66.0 million for the three months ended May 5, 2007. The primary sources of cash from operations for the three months ended May 3, 2008 and May 5, 2007 were net earnings plus non-cash depreciation and amortization charges, and stock-based compensation expense. The increase in cash flow from operating activities for the three months ended May 3, 2008 primarily resulted from an increase in accounts payable mainly due to the timing of payments and receipts and faster inventory turns. Accounts payable leverage (defined as accounts payable divided by merchandise inventory) was 62.1% as of February 2, 2008 and increased to 64.3% as of May 3, 2008. The decrease in cash flows from operations for the three months ended May 5, 2007 was primarily due to a decline in accounts payable from the higher than normal level at February 3, 2007, which was mainly due to the timing of payments and receipts associated with the 53rd week in fiscal 2006. 15 Working capital (defined as current assets less current liabilities) was $418.7 million as of May 3, 2008, compared to $472.0 million as of May 5, 2007. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of our merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. These excerpts taken from the ROST 10-K filed Apr 1, 2008. Operating Activities Net cash provided by operating activities was $353.6 million, $506.9 million and $375.2 million in fiscal 2007, 2006 and 2005, respectively. The primary source of cash provided by operating activities in fiscal 2007, 2006 and 2005 was net earnings plus non-cash expenses for depreciation and amortization, partially offset by cash used to finance merchandise inventory. The increase in cash flow from operating activities resulted from an increase in accounts payable in 2006 over 2005 of $221.6 million primarily driven by timing associated with the additional 53rd week in fiscal 2006. Working capital (defined as current assets less current liabilities) was $387.4 million at the end of fiscal 2007, compared to $431.7 million at the end of fiscal 2006, and $349.9 million at the end of fiscal 2005. The decrease in working capital in fiscal 2007 compared to fiscal 2006 is primarily due to lower cash and investments and timing associated with the additional 53rd week in fiscal 2006. The increase in working capital in fiscal 2006 compared to fiscal 2005 is primarily due to higher cash and investments. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of our merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. 21 Operating Activities Net cash provided by operating Working capital (defined as Our primary source of liquidity is 21 | |
This excerpt taken from the ROST 10-Q filed Dec 12, 2007. Operating Activities Net cash provided by operating activities was $132.4 million for the nine months ended November 3, 2007 compared to $330.2 million for the nine months ended October 28, 2006. The primary sources of cash from operations for the nine months ended November 3, 2007 and October 28, 2006 were net earnings plus non-cash expenses for depreciation and amortization, and stock-based compensation. Short-term trade credit represents a significant source of financing for merchandise inventory. Trade credit arises from customary payment terms and trade practices with our vendors. The decrease in cash flows from operations for the nine months ended November 3, 2007 was primarily due to a decline in accounts payable from the higher than normal level at February 3, 2007, which was mainly due to the timing of payments and receipts associated with the 53rd week in fiscal 2006. Accounts payable leverage (defined as accounts payable divided by merchandise inventory) was 66.4% as of February 3, 2007 compared to 58.5% as of November 3, 2007. Working capital (defined as current assets less current liabilities) was $401.4 million as of November 3, 2007, compared to $253.1 million as of October 28, 2006. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of our merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. This excerpt taken from the ROST 10-Q filed Sep 12, 2007. Operating Activities Net cash provided by operating activities was $7.6 million for the six months ended August 4, 2007 compared to $169.1 million for the six months ended July 29, 2006. The primary sources of cash from operations for the six months ended August 4, 2007 and July 29, 2006 were net earnings plus non-cash expenses for depreciation and amortization, and stock-based compensation. The decrease in cash flows from operations for the six months ended August 4, 2007 was primarily due to a decline in accounts payable from the higher than normal level at February 3, 2007, which was mainly due to the timing of payments and receipts associated with the 53rd week in fiscal 2006. Accounts payable leverage (defined as accounts payable divided by merchandise inventory) was 66.4% as of February 3, 2007 and declined to 56.0% as of August 4, 2007. Working capital (defined as current assets less current liabilities) was $447.1 million as of August 4, 2007, compared to $270.5 million as of July 29, 2006. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of our merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. This excerpt taken from the ROST 10-Q filed Jun 13, 2007. Operating Activities Net cash used in operating activities was $66.0 million for the three months ended May 5, 2007 compared to net cash provided by operations of $105.5 million for the three months ended April 29, 2006. The primary sources of cash from operations for the three months ended May 5, 2007 and April 29, 2006 were net earnings plus non-cash expenses for depreciation and amortization. The decrease in cash flows from operations for the three months ended May 5, 2007 was primarily due to a decline in accounts payable from the higher than normal level at February 3, 2007, which was mainly due to the timing of payments and receipts associated with the 53rd week in fiscal 2006. Accounts payable leverage (defined as accounts payable divided by merchandise inventory) was 66.4% as of February 3, 2007 and declined to 55.3% as of May 5, 2007. Working capital (defined as current assets less current liabilities) was $472.0 million as of May 5, 2007, compared to $376.9 million as of April 29, 2006. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of our merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. 14 This excerpt taken from the ROST 10-K filed Apr 3, 2007. Operating Activities Net cash provided by operating activities was $506.9 million, $375.2 million and $298.2 million in fiscal 2006, 2005 and 2004, respectively. The primary source of cash provided by operating activities in fiscal 2006, 2005 and 2004 was net earnings plus non-cash expenses for depreciation and amortization, partially offset by cash used to finance merchandise inventory. The increase in accounts payable in 2006 over 2005 of $221.6 million was primarily driven by timing associated with the additional 53rd week in fiscal 2006. Working capital (defined as current assets less current liabilities) was $431.7 million at the end of fiscal 2006, compared to $349.9 million at the end of fiscal 2005, and $416.4 million at the end of fiscal 2004. The increase in working capital in fiscal 2006 compared to fiscal 2005 is primarily a result of higher cash and investments. The decrease in working capital in 2005 compared to 2004 is primarily due to the inclusion of a $50.0 million term loan in current liabilities due to its near-term maturity. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of our merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. 18 This excerpt taken from the ROST 10-Q filed Dec 6, 2006. Operating Activities Net cash provided by operating activities was $330.2 million and $264.2 million for the nine months ended October 28, 2006 and October 29, 2005, respectively. The primary source of cash from operations for the nine months ended October 28, 2006 and October 29, 2005 was net earnings plus non-cash expenses for depreciation and amortization and increased trade credit, partially offset by cash used to finance merchandise inventory. The increase in cash flows from operations for the nine months ended October 28, 2006 is primarily due to a net increase in trade credit financed merchandise inventory. Working capital (defined as current assets less current liabilities) was $253.1 million as of October 28, 2006, compared to $386.2 million as of October 29, 2005. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of our merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. This excerpt taken from the ROST 10-Q filed Sep 6, 2006. Operating Activities Net cash provided by operating activities was $169.1 million and $140.0 million for the six months ended July 29, 2006 and July 30, 2005, respectively. The primary source of cash from operations for the six months ended July 29, 2006 and July 30, 2005 was net earnings plus non-cash expenses for depreciation and amortization and increased trade credit, partially offset by cash used to finance merchandise inventory. 15 The increase in cash flows from operations for the six months ended July 29, 2006 is primarily due to a net increase in trade credit financed merchandise inventory. Working capital (defined as current assets less current liabilities) was $270.5 million as of July 29, 2006, compared to $409.2 million as of July 30, 2005. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of our merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. This excerpt taken from the ROST 10-Q filed Jun 7, 2006. Operating Activities Net cash provided by operating activities was $105.5 million and $95.2 million for the three months ended April 29, 2006 and April 30, 2005, respectively. The primary source of cash from operations for the three months ended April 29, 2006 and April 30, 2005 was net earnings plus non-cash expenses for depreciation and amortization and increased trade credit, partially offset by cash used to finance merchandise inventory. The increase in cash flows from operations for the three months ended April 29, 2006 is primarily due to a net increase in trade credit financed merchandise inventory. Working capital (defined as current assets less current liabilities) was $376.9 million as of April 29, 2006, compared to $461.6 million as of April 30, 2005. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of the merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. This excerpt taken from the ROST 10-K filed Apr 12, 2006. Operating Activities Net cash provided by operating activities was $375.2 million, $298.2 million and $321.5 million in 2005, 2004 and 2003, respectively. The primary source of cash from operations in 2005, 2004 and 2003 was net earnings plus non-cash expenses for depreciation and amortization, partially offset by cash used to finance merchandise inventory. The increase in cash flows from operations in 2005 is primarily due to an increase in net earnings, which is partially offset by the change in cash used for merchandise inventory. Working capital (defined as current assets less current liabilities) was $350 million at the end of 2005, compared to $416 million at the end of 2004, 18 and $410 million at the end of 2003. The decrease in working capital in 2005 compared to the prior year is primarily a result of reclassifying a $50 million term loan to current liabilities. Our primary source of liquidity is the sale of our merchandise inventory. We regularly review the age and condition of the merchandise and are able to maintain current merchandise inventory in our stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. This excerpt taken from the ROST 10-Q filed Dec 7, 2005. Operating Activities Net cash provided by operating activities was $264 million for the nine months ended October 29, 2005, and $115 million for the nine months ended October 30, 2004. The primary source of cash from operations for the nine months ended October 29, 2005 was net earnings plus non-cash expenses for depreciation and amortization. The increase in cash flows from operations for the nine months ended October 29, 2005 was primarily due to an increase of accounts payable leverage (defined as accounts payable divided by merchandise inventory) from 51% at October 30, 2004 to 61% at October 29, 2005, primarily due to the timing of accounts payable check processing. Working capital (defined as current assets less current liabilities) was $386 million at October 29, 2005, compared to $384 million at October 30, 2004. The Company’s primary source of liquidity is the sale of its merchandise inventory. Management regularly reviews the age and condition of the merchandise and is able to maintain current merchandise inventory in its stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. This excerpt taken from the ROST 10-Q filed Sep 8, 2005. Operating Activities Net cash provided by operating activities was $140.0 million for the six months ended July 30, 2005, and $100.8 million for the six months ended July 31, 2004. The primary source of cash from operations for the six months ended July 30, 2005 was net earnings plus non-cash expenses for depreciation and amortization, partially offset by cash used to purchase merchandise inventory, net of trade payables. The increase in cash flows from operations for the six months ended July 30, 2005 is primarily due to an increase of accounts payable leverage (defined as accounts payable divided by merchandise inventory) from 53% at July 31, 2004 to 55% at July 30, 2005. Working capital (defined as current assets less current liabilities) was $409 million as of July 30, 2005, compared to $388 million as of July 31, 2004. The Company’s primary source of liquidity is the sale of its merchandise inventory. Management regularly reviews the age and condition of the merchandise and is able to maintain current merchandise inventory in its stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. This excerpt taken from the ROST 10-Q filed Jun 9, 2005. Operating Activities Net cash provided by operating activities was $95.2 million for the three months ended April 30, 2005, and $72.0 million for the three months ended May 1, 2004. The primary source of cash from operations for the three months ended April 30, 2005 was net earnings plus non-cash expenses for depreciation and amortization, partially offset by cash used to purchase merchandise inventory. The increase in cash flows from operations for the three months ended April 30, 2005 is primarily due to an increase of accounts payable leverage (defined as accounts payable divided by merchandise inventory) from 54% at May 1, 2004 to 58% at April 30, 2005. Working capital (defined as current assets less current liabilities) was $462 million as of April 30, 2005, compared to $407 million as of May 1, 2004. The Company’s primary source of liquidity is the sale of its merchandise inventory. Management regularly reviews the age and condition of the merchandise and is able to maintain current merchandise inventory in its stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. 13 This excerpt taken from the ROST 10-K filed Apr 14, 2005. Operating Activities Net cash provided by operating activities was $298.2 million, $321.5 million and $354.7 million in 2004, 2003 and 2002, respectively. The primary source of cash from operations in 2004, 2003 and 2002 was net earnings plus non-cash expenses for depreciation and amortization, partially offset by cash used to finance merchandise inventory. The decrease in cash flows from operations in 2004 is primarily due to lower net earnings, which is partially offset by the change in cash used for merchandise inventory. Working capital (defined as current assets less current liabilities) was $411 million at the end of 2004, compared to $410 million at the end of 2003, and $314 million at the end of 2002. The Company’s primary source of liquidity is the sale of its merchandise inventory. Management regularly reviews the age and condition of the merchandise and is able to maintain current merchandise inventory in its stores through replenishment processes and liquidation of slower-moving merchandise through clearance markdowns. | EXCERPTS ON THIS PAGE:RELATED TOPICS for ROST: |
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