| Consolidating Condensed Statement of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |
|
|
Three Months Ended December 30, 2017 |
|
|
(in thousands) |
|
|
Parent |
|
Non-
Guarantor
Subsidiaries
|
|
Guarantor
Subsidiaries
|
|
Eliminations |
|
Consolidated |
Net sales |
|
$ |
159,061 |
|
|
$ |
13,743 |
|
|
$ |
286,424 |
|
|
$ |
(17,217 |
) |
|
$ |
442,011 |
|
Cost of goods sold and occupancy |
|
125,479 |
|
|
11,816 |
|
|
189,051 |
|
|
(16,172 |
) |
|
310,174 |
|
Gross profit |
|
33,582 |
|
|
1,927 |
|
|
97,373 |
|
|
(1,045 |
) |
|
131,837 |
|
Selling, general and administrative expenses |
|
36,639 |
|
|
3,905 |
|
|
69,817 |
|
|
(1,045 |
) |
|
109,316 |
|
Operating income (loss) |
|
(3,057 |
) |
|
(1,978 |
) |
|
27,556 |
|
|
— |
|
|
22,521 |
|
Interest expense |
|
(7,385 |
) |
|
(16 |
) |
|
(4 |
) |
|
— |
|
|
(7,405 |
) |
Interest income |
|
186 |
|
|
1 |
|
|
— |
|
|
— |
|
|
187 |
|
Other (expense) income |
|
(2,918 |
) |
|
54 |
|
|
(225 |
) |
|
— |
|
|
(3,089 |
) |
Income (loss) before taxes and equity in earnings (losses) of affiliates |
|
(13,174 |
) |
|
(1,939 |
) |
|
27,327 |
|
|
— |
|
|
12,214 |
|
Income tax expense (benefit) |
|
14,425 |
|
|
1,282 |
|
|
(29,943 |
) |
|
— |
|
|
(14,236 |
) |
Equity in earnings (losses) of affiliates |
|
53,846 |
|
|
— |
|
|
(2,900 |
) |
|
(50,946 |
) |
|
— |
|
Net income (loss) including noncontrolling interest |
|
26,247 |
|
|
(3,221 |
) |
|
54,370 |
|
|
(50,946 |
) |
|
26,450 |
|
Net income attributable to noncontrolling interest |
|
— |
|
|
203 |
|
|
— |
|
|
— |
|
|
203 |
|
Net income (loss) attributable to Central Garden & Pet Company |
|
$ |
26,247 |
|
|
$ |
(3,424 |
) |
|
$ |
54,370 |
|
|
$ |
(50,946 |
) |
|
$ |
26,247 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |
|
|
Three Months Ended December 24, 2016 |
|
|
(in thousands) |
|
|
Parent |
|
Non-
Guarantor
Subsidiaries
|
|
Guarantor
Subsidiaries
|
|
Eliminations |
|
Consolidated |
Net sales |
|
$ |
155,518 |
|
|
$ |
14,024 |
|
|
$ |
266,438 |
|
|
$ |
(16,482 |
) |
|
$ |
419,498 |
|
Cost of goods sold and occupancy |
|
121,136 |
|
|
11,678 |
|
|
181,440 |
|
|
(15,434 |
) |
|
298,820 |
|
Gross profit |
|
34,382 |
|
|
2,346 |
|
|
84,998 |
|
|
(1,048 |
) |
|
120,678 |
|
Selling, general and administrative expenses |
|
35,965 |
|
|
3,664 |
|
|
62,159 |
|
|
(1,048 |
) |
|
100,740 |
|
Operating income (loss) |
|
(1,583 |
) |
|
(1,318 |
) |
|
22,839 |
|
|
— |
|
|
19,938 |
|
Interest expense |
|
(6,851 |
) |
|
(17 |
) |
|
(5 |
) |
|
— |
|
|
(6,873 |
) |
Interest income |
|
38 |
|
|
— |
|
|
— |
|
|
— |
|
|
38 |
|
Other expense |
|
(603 |
) |
|
(193 |
) |
|
(171 |
) |
|
— |
|
|
(967 |
) |
Income (loss) before taxes and equity in earnings (losses) of affiliates |
|
(8,999 |
) |
|
(1,528 |
) |
|
22,663 |
|
|
— |
|
|
12,136 |
|
Income tax expense (benefit) |
|
(3,192 |
) |
|
(411 |
) |
|
7,950 |
|
|
— |
|
|
4,347 |
|
Equity in earnings (losses) of affiliates |
|
13,444 |
|
|
— |
|
|
(811 |
) |
|
(12,633 |
) |
|
— |
|
Net income (loss) including noncontrolling interest |
|
7,637 |
|
|
(1,117 |
) |
|
13,902 |
|
|
(12,633 |
) |
|
7,789 |
|
Net income attributable to noncontrolling interest |
|
— |
|
|
152 |
|
|
— |
|
|
— |
|
|
152 |
|
Net income (loss) attributable to Central Garden & Pet Company |
|
$ |
7,637 |
|
|
$ |
(1,269 |
) |
|
$ |
13,902 |
|
|
$ |
(12,633 |
) |
|
$ |
7,637 |
|
|
| Consolidating Condensed Balance Sheet |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED BALANCE SHEET |
|
|
December 30, 2017 |
|
|
(in thousands) |
|
|
Parent |
|
Non-
Guarantor
Subsidiaries
|
|
Guarantor
Subsidiaries
|
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
277,608 |
|
|
$ |
5,858 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
283,466 |
|
Restricted cash |
|
12,419 |
|
|
— |
|
|
— |
|
|
— |
|
|
12,419 |
|
Accounts receivable, net |
|
89,039 |
|
|
5,617 |
|
|
140,419 |
|
|
— |
|
|
235,075 |
|
Inventories |
|
141,788 |
|
|
12,723 |
|
|
285,910 |
|
|
— |
|
|
440,421 |
|
Prepaid expenses and other |
|
6,645 |
|
|
1,059 |
|
|
14,815 |
|
|
— |
|
|
22,519 |
|
Total current assets |
|
527,499 |
|
|
25,257 |
|
|
441,144 |
|
|
— |
|
|
993,900 |
|
Land, buildings, improvements and equipment, net |
|
35,972 |
|
|
4,180 |
|
|
139,078 |
|
|
— |
|
|
179,230 |
|
Goodwill |
|
15,058 |
|
|
— |
|
|
241,217 |
|
|
— |
|
|
256,275 |
|
Other long-term assets |
|
55,752 |
|
|
2,032 |
|
|
143,741 |
|
|
(13,578 |
) |
|
187,947 |
|
Intercompany receivable |
|
38,956 |
|
|
— |
|
|
677,979 |
|
|
(716,935 |
) |
|
— |
|
Investment in subsidiaries |
|
1,437,506 |
|
|
— |
|
|
— |
|
|
(1,437,506 |
) |
|
— |
|
Total |
|
$ |
2,110,743 |
|
|
$ |
31,469 |
|
|
$ |
1,643,159 |
|
|
$ |
(2,168,019 |
) |
|
$ |
1,617,352 |
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
40,775 |
|
|
$ |
9,241 |
|
|
$ |
74,567 |
|
|
$ |
— |
|
|
$ |
124,583 |
|
Accrued expenses |
|
45,973 |
|
|
2,313 |
|
|
51,718 |
|
|
— |
|
|
100,004 |
|
Current portion of long-term debt |
|
— |
|
|
— |
|
|
372 |
|
|
— |
|
|
372 |
|
Total current liabilities |
|
86,748 |
|
|
11,554 |
|
|
126,657 |
|
|
— |
|
|
224,959 |
|
Long-term debt |
|
690,839 |
|
|
— |
|
|
125 |
|
|
— |
|
|
690,964 |
|
Intercompany payable |
|
663,241 |
|
|
53,694 |
|
|
— |
|
|
(716,935 |
) |
|
— |
|
Losses in excess of investment in subsidiaries |
|
— |
|
|
— |
|
|
29,069 |
|
|
(29,069 |
) |
|
— |
|
Other long-term obligations |
|
8,026 |
|
|
— |
|
|
45,030 |
|
|
(13,578 |
) |
|
39,478 |
|
Total Central Garden & Pet shareholders’ equity (deficit) |
|
661,889 |
|
|
(33,841 |
) |
|
1,442,278 |
|
|
(1,408,437 |
) |
|
661,889 |
|
Noncontrolling interest |
|
— |
|
|
62 |
|
|
— |
|
|
— |
|
|
62 |
|
Total equity (deficit) |
|
661,889 |
|
|
(33,779 |
) |
|
1,442,278 |
|
|
(1,408,437 |
) |
|
661,951 |
|
Total |
|
$ |
2,110,743 |
|
|
$ |
31,469 |
|
|
$ |
1,643,159 |
|
|
$ |
(2,168,019 |
) |
|
$ |
1,617,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED BALANCE SHEET |
|
|
December 24, 2016 |
|
|
(in thousands) |
|
|
Parent |
|
Non-
Guarantor
Subsidiaries
|
|
Guarantor
Subsidiaries
|
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
1,772 |
|
|
$ |
3,997 |
|
|
$ |
812 |
|
|
$ |
— |
|
|
$ |
6,581 |
|
Restricted cash |
|
10,981 |
|
|
— |
|
|
— |
|
|
— |
|
|
10,981 |
|
Accounts receivable, net |
|
72,850 |
|
|
6,919 |
|
|
112,455 |
|
|
— |
|
|
192,224 |
|
Inventories |
|
137,615 |
|
|
15,435 |
|
|
277,121 |
|
|
— |
|
|
430,171 |
|
Prepaid expenses and other |
|
7,972 |
|
|
897 |
|
|
13,530 |
|
|
— |
|
|
22,399 |
|
Total current assets |
|
231,190 |
|
|
27,248 |
|
|
403,918 |
|
|
— |
|
|
662,356 |
|
Land, buildings, improvements and equipment, net |
|
39,384 |
|
|
3,858 |
|
|
126,594 |
|
|
— |
|
|
169,836 |
|
Goodwill |
|
15,058 |
|
|
— |
|
|
215,327 |
|
|
— |
|
|
230,385 |
|
Other long-term assets |
|
44,012 |
|
|
3,542 |
|
|
129,849 |
|
|
(23,226 |
) |
|
154,177 |
|
Intercompany receivable |
|
38,559 |
|
|
— |
|
|
586,588 |
|
|
(625,147 |
) |
|
— |
|
Investment in subsidiaries |
|
1,251,408 |
|
|
— |
|
|
— |
|
|
(1,251,408 |
) |
|
— |
|
Total |
|
$ |
1,619,611 |
|
|
$ |
34,648 |
|
|
$ |
1,462,276 |
|
|
$ |
(1,899,781 |
) |
|
$ |
1,216,754 |
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
46,208 |
|
|
$ |
7,146 |
|
|
$ |
81,883 |
|
|
$ |
— |
|
|
$ |
135,237 |
|
Accrued expenses |
|
42,223 |
|
|
1,362 |
|
|
50,909 |
|
|
— |
|
|
94,494 |
|
Current portion of long-term debt |
|
22 |
|
|
— |
|
|
375 |
|
|
— |
|
|
397 |
|
Total current liabilities |
|
88,453 |
|
|
8,508 |
|
|
133,167 |
|
|
— |
|
|
230,128 |
|
Long-term debt |
|
394,564 |
|
|
— |
|
|
447 |
|
|
— |
|
|
395,011 |
|
Intercompany payable |
|
575,187 |
|
|
49,960 |
|
|
— |
|
|
(625,147 |
) |
|
— |
|
Losses in excess of investment in subsidiaries |
|
— |
|
|
— |
|
|
21,014 |
|
|
(21,014 |
) |
|
— |
|
Other long-term obligations |
|
2,158 |
|
|
— |
|
|
52,727 |
|
|
(23,226 |
) |
|
31,659 |
|
Total Central Garden & Pet shareholders’ equity (deficit) |
|
559,249 |
|
|
(24,527 |
) |
|
1,254,921 |
|
|
(1,230,394 |
) |
|
559,249 |
|
Noncontrolling interest |
|
— |
|
|
707 |
|
|
— |
|
|
— |
|
|
707 |
|
Total equity (deficit) |
|
559,249 |
|
|
(23,820 |
) |
|
1,254,921 |
|
|
(1,230,394 |
) |
|
559,956 |
|
Total |
|
$ |
1,619,611 |
|
|
$ |
34,648 |
|
|
$ |
1,462,276 |
|
|
$ |
(1,899,781 |
) |
|
$ |
1,216,754 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED BALANCE SHEET |
|
|
September 30, 2017 |
|
|
(in thousands) |
|
|
Parent |
|
Non-
Guarantor
Subsidiaries
|
|
Guarantor
Subsidiaries
|
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
19,238 |
|
|
$ |
11,693 |
|
|
$ |
1,466 |
|
|
$ |
— |
|
|
$ |
32,397 |
|
Restricted cash |
|
12,645 |
|
|
— |
|
|
— |
|
|
— |
|
|
12,645 |
|
Accounts receivable, net |
|
78,692 |
|
|
5,586 |
|
|
153,590 |
|
|
— |
|
|
237,868 |
|
Inventories |
|
125,797 |
|
|
9,493 |
|
|
246,811 |
|
|
— |
|
|
382,101 |
|
Prepaid expenses and other assets |
|
6,059 |
|
|
811 |
|
|
11,175 |
|
|
— |
|
|
18,045 |
|
Total current assets |
|
242,431 |
|
|
27,583 |
|
|
413,042 |
|
|
— |
|
|
683,056 |
|
Land, buildings, improvements and equipment, net |
|
38,170 |
|
|
4,225 |
|
|
138,518 |
|
|
— |
|
|
180,913 |
|
Goodwill |
|
15,058 |
|
|
— |
|
|
241,217 |
|
|
— |
|
|
256,275 |
|
Other long-term assets |
|
61,715 |
|
|
2,376 |
|
|
146,372 |
|
|
(23,801 |
) |
|
186,662 |
|
Intercompany receivable |
|
36,606 |
|
|
— |
|
|
662,137 |
|
|
(698,743 |
) |
|
— |
|
Investment in subsidiaries |
|
1,383,633 |
|
|
— |
|
|
— |
|
|
(1,383,633 |
) |
|
— |
|
Total |
|
$ |
1,777,613 |
|
|
$ |
34,184 |
|
|
$ |
1,601,286 |
|
|
$ |
(2,106,177 |
) |
|
$ |
1,306,906 |
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
36,760 |
|
|
$ |
3,076 |
|
|
$ |
63,447 |
|
|
$ |
— |
|
|
$ |
103,283 |
|
Accrued expenses and other liabilities |
|
54,909 |
|
|
2,391 |
|
|
59,249 |
|
|
— |
|
|
116,549 |
|
Current portion of long term debt |
|
— |
|
|
— |
|
|
375 |
|
|
— |
|
|
375 |
|
Total current liabilities |
|
91,669 |
|
|
5,467 |
|
|
123,071 |
|
|
— |
|
|
220,207 |
|
Long-term debt |
|
395,160 |
|
|
— |
|
|
118 |
|
|
— |
|
|
395,278 |
|
Intercompany payable |
|
647,409 |
|
|
51,334 |
|
|
— |
|
|
(698,743 |
) |
|
— |
|
Losses in excess of investment in subsidiaries |
|
— |
|
|
— |
|
|
19,782 |
|
|
(19,782 |
) |
|
— |
|
Other long-term obligations |
|
7,689 |
|
|
— |
|
|
70,391 |
|
|
(23,801 |
) |
|
54,279 |
|
Total Central Garden & Pet shareholders’ equity (deficit) |
|
635,686 |
|
|
(24,073 |
) |
|
1,387,924 |
|
|
(1,363,851 |
) |
|
635,686 |
|
Noncontrolling interest |
|
— |
|
|
1,456 |
|
|
— |
|
|
— |
|
|
1,456 |
|
Total equity (deficit) |
|
635,686 |
|
|
(22,617 |
) |
|
1,387,924 |
|
|
(1,363,851 |
) |
|
637,142 |
|
Total |
|
$ |
1,777,613 |
|
|
$ |
34,184 |
|
|
$ |
1,601,286 |
|
|
$ |
(2,106,177 |
) |
|
$ |
1,306,906 |
|
|
| Consolidating Condensed Statement of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS |
|
|
Three Months Ended December 30, 2017 |
|
|
(in thousands) |
|
|
Parent |
|
Non-
Guarantor
Subsidiaries
|
|
Guarantor
Subsidiaries
|
|
Eliminations |
|
Consolidated |
Net cash provided (used) by operating activities |
|
$ |
(38,709 |
) |
|
$ |
(105 |
) |
|
$ |
20,988 |
|
|
$ |
(6,387 |
) |
|
$ |
(24,213 |
) |
Additions to property and equipment |
|
(1,608 |
) |
|
(83 |
) |
|
(6,495 |
) |
|
|
|
|
(8,186 |
) |
Change in restricted cash and cash equivalents |
|
226 |
|
|
— |
|
|
|
|
|
— |
|
|
226 |
|
Investments |
|
(6,555 |
) |
|
— |
|
|
|
|
— |
|
|
(6,555 |
) |
Other investing activities |
|
(1,200 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,200 |
) |
Intercompany investing activities |
|
(2,351 |
) |
|
— |
|
|
(15,842 |
) |
|
18,193 |
|
|
— |
|
Net cash used by investing activities |
|
(11,488 |
) |
|
(83 |
) |
|
(22,337 |
) |
|
18,193 |
|
|
(15,715 |
) |
Repayments on revolving line of credit |
|
(23,000 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(23,000 |
) |
Borrowings under revolving line of credit |
|
23,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
23,000 |
|
Issuance of long-term debt |
|
300,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
300,000 |
|
Repayments under long-term debt |
|
— |
|
|
— |
|
|
(7 |
) |
|
— |
|
|
(7 |
) |
Payment of financing costs |
|
(4,558 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(4,558 |
) |
Repurchase of common stock |
|
(2,768 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,768 |
) |
Distribution to parent |
|
|
|
|
(6,387 |
) |
|
— |
|
|
6,387 |
|
|
— |
|
Distribution to noncontrolling interest |
|
|
|
|
(1,597 |
) |
|
— |
|
|
— |
|
|
(1,597 |
) |
Payment of contingent consideration liability |
|
|
|
|
— |
|
|
(93 |
) |
|
— |
|
|
(93 |
) |
Intercompany financing activities |
|
15,833 |
|
|
2,360 |
|
|
|
|
|
(18,193 |
) |
|
— |
|
Net cash provided (used) by financing activities |
|
308,507 |
|
|
(5,624 |
) |
|
(100 |
) |
|
(11,806 |
) |
|
290,977 |
|
Effect of exchange rate changes on cash and cash equivalents |
|
60 |
|
|
(23 |
) |
|
(17 |
) |
|
— |
|
|
20 |
|
Net increase (decrease) in cash and cash equivalents |
|
258,370 |
|
|
(5,835 |
) |
|
(1,466 |
) |
|
— |
|
|
251,069 |
|
Cash and cash equivalents at beginning of period |
|
19,238 |
|
|
11,693 |
|
|
1,466 |
|
|
— |
|
|
32,397 |
|
Cash and cash equivalents at end of period |
|
$ |
277,608 |
|
|
$ |
5,858 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
283,466 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS |
|
|
Three Months Ended December 24, 2016 |
|
|
(in thousands) |
|
|
Parent |
|
Non-Guarantor
Subsidiaries
|
|
Guarantor
Subsidiaries
|
|
Eliminations |
|
Consolidated |
Net cash (used) provided by operating activities |
|
$ |
(27,540 |
) |
|
$ |
(4,428 |
) |
|
$ |
22,731 |
|
|
$ |
(4,076 |
) |
|
$ |
(13,313 |
) |
Additions to property, plant and equipment |
|
(1,831 |
) |
|
(110 |
) |
|
(11,027 |
) |
|
— |
|
|
(12,968 |
) |
Payments to acquire companies, net of cash acquired |
|
(60,042 |
) |
|
— |
|
|
|
|
|
— |
|
|
(60,042 |
) |
Change in restricted cash and cash equivalents |
|
(71 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(71 |
) |
Proceeds from sale of plant assets |
|
2 |
|
|
|
|
7,958 |
|
|
|
|
7,960 |
|
Investments |
|
(2,000 |
) |
|
|
|
|
|
|
|
|
|
|
(2,000 |
) |
Other investing activities |
|
(265 |
) |
|
|
|
|
|
|
|
|
|
|
(265 |
) |
Intercompany investing activities |
|
(5,781 |
) |
|
— |
|
|
(19,214 |
) |
|
24,995 |
|
|
— |
|
Net cash used by investing activities |
|
(69,988 |
) |
|
(110 |
) |
|
(22,283 |
) |
|
24,995 |
|
|
(67,386 |
) |
Repayments under revolving line of credit |
|
(1,000 |
) |
|
— |
|
|
|
|
|
— |
|
|
(1,000 |
) |
Borrowings under revolving line of credit |
|
1,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,000 |
|
Issuance of long-term debt |
|
(66 |
) |
|
— |
|
|
(8 |
) |
|
— |
|
|
(74 |
) |
Excess tax benefits from stock-based awards |
|
4,356 |
|
|
— |
|
|
— |
|
|
— |
|
|
4,356 |
|
Repurchase of common stock |
|
(7,913 |
) |
|
|
|
|
— |
|
|
|
|
|
(7,913 |
) |
Distribution to parent |
|
— |
|
|
(4,076 |
) |
|
— |
|
|
4,076 |
|
|
— |
|
Distribution to noncontrolling interest |
|
— |
|
|
(1,018 |
) |
|
— |
|
|
— |
|
|
(1,018 |
) |
Payment of contingent consideration |
|
— |
|
|
— |
|
|
(860 |
) |
|
— |
|
|
(860 |
) |
Intercompany financing activities |
|
21,223 |
|
|
3,772 |
|
|
— |
|
|
(24,995 |
) |
|
— |
|
Net cash provided (used) by financing activities |
|
17,600 |
|
|
(1,322 |
) |
|
(868 |
) |
|
(20,919 |
) |
|
(5,509 |
) |
Effect of exchange rates on cash |
|
(458 |
) |
|
162 |
|
|
103 |
|
|
— |
|
|
(193 |
) |
Net decrease in cash and cash equivalents |
|
(80,386 |
) |
|
(5,698 |
) |
|
(317 |
) |
|
— |
|
|
(86,401 |
) |
Cash and cash equivalents at beginning of year |
|
82,158 |
|
|
9,695 |
|
|
1,129 |
|
|
— |
|
|
92,982 |
|
Cash and cash equivalents at end of year |
|
$ |
1,772 |
|
|
$ |
3,997 |
|
|
$ |
812 |
|
|
$ |
— |
|
|
$ |
6,581 |
|
|